i'm david asman. welcome to "forbes on fox."s to find out steve forbes, rich, sabrina, plik

i'm david asman. welcome to "forbes on fox." into focus to find out steve forbes, rich, sabrina, plik ozanian, rick unger and jon see 70% away from that goal. a terrible record. >> typical of washington trying to reg late our behavior outside of a major war, preposterous and wrong and inhibits technology, government only knows what already exists. it's a waste of money, cripples develop of technology, a waste of taxpayers' money and the government has no business, whether soda pop or cars, let the people decide. it's democracy. isn't it, still? >> right on, i would say. rick, you? >> 275,000, 1 million, you're splitting hairs. no, okay. it didn't work well. did it. >> no. >> you have to be careful about this. i take your point, obviously, incentivizing the purchase of these cars did not work out, but you've got to -- government has to be brave sometimes to help things get off the ground. you can't dlothrow out the baby with the basketball water. different if up said end it. didn't work. let's not end it for everything. >> so muc

i'm david asman. welcome to "forbes on fox."o in focus to find out with steve force, rich karlgaard, sabrina schaffer along with cary sheffield and john tamny. >> what do you think about this? >> a horrible, horrible crime on the week of christmas. i don't think there's anyone who wants to diminish this, but i don't think going after companies like i

i'm david asman. welcome to "forbes on fox." go in focus to find out with steve force, rich karlgaard, sabrina schaffer along with cary sheffield and john tamny. >> what do you think about this? >> a horrible, horrible crime on the week of christmas. i don't think there's anyone who wants to diminish this, but i don't think going after companies like instagram, facebook or google or twit sir a right approach. there's a different world with social media than traditional broadcast media, an editor, publisher, affirmatively publishes something. this is not the same thing. this is a self-publishing application somebody can put something on. millions of users. it doesn't make sense for these companies to have to monitor all the different statements. >> on the other hand, we're seeing it all over the place. there are a lot of copycats now putting this stuff up on the media. it's so obvious in some cases. shouldn't instagram or facebook or whomever monitor things more closely? >> i think they should. they bear a responsibility. this gu

david asman is back along with david silverstein. thank you to all of you for joining us.s like this fight is getting traction. >> restaurants are offering great opportunities already. unfortunately, the jobs are being hijacked. every time we are seeing one of these, it is really hurting the people who say they want to help. we have seen unemployment reach record highs. we are concerned. restaurant careers are awesome careers. skills that you can use for a lifetime. >> they are talking about raising it to $13 an hour from $8 or something. it is a relatively tight market. what do you think? >> that is right. it is not a case of can they afford it. there was a story about a 28-year-old single mom that needs that job. what happens to the person who retired a few years ago living on social security? they are coming back into the job market. we need to give that up mom skills. melissa: airline employees are also taking part in today's protest. it is spreading. >> we have seen this. it would be nice if you could command of businesses to ignore the plight and demand. politicians

david asman continues now on fox. >>> i'm sympathetic that sony as a private company was worried about would have told them, do not get into -- a pattern in which you're intimidated by these kinds of criminal attacks. >> what the heck. some folks giving sony heck for not releasing the movie "the interview." they pulled the plug on it after north korean hackers thro erers 9/11-style attacks if they did. did sony have a choice? some say yes, some no. welcome, everybody. "in focus" to

david asman and i brought that to you. big question we had consumer confidence data that was so/so, 92.6, a little under expectations. case shiller pricing coming out for homes, better than expected but still not really stellar. we're seeing a slowdown in the housing market. volume is going to be lower, volatility's going to be higher. a hot of numbers to watch as we get to the end of 2014 and, of course, i'll be right here with you tomorrow -- spend your new year's eve with me. don't go out. i'm going to be right here, so we'll all get together. you're probably ready to get started on your new year's rev resolutions -- eve resolutions, actually, but automakers and dealerships want you to start off the new year with a brand new car. i sound like oprah. the week between christmas and new year's is the businessest of the year, believe it or not, for auto sales. dealers or are offering unbeatable deals on 2014 models to make more room for the 2015 models. edmunds.com consumer advice editor phillip reid is with me now on how t

here is david asman making a welcome return to the program. retail stocks doing very well clearly.s rally? dave: i think so but the more serious investors are not the quick in quick out investors, looking at stocks that have been beaten down because of the oil going down so low much. i look at a stock like halliburton which is worth half as much as was 12 months ago, half the value. if you think unless you think there's a recession coming up, look at a stock like halliburton, it is been down to the point that people like testing waters, the retail stocks drive the market right now but it is such a fickle market, we could get figures in december it that could disappoint investors where a stock like halliburton, all of these oil related stocks that depend on a certain amount of growth, not overwhelming growth but a certain amount of growth in the economy of the buys right now. stuart: can we still say the collapse of oil prices is still a big positive for the economy? dave: i think you can. i don't think it is necessarily going to lead the market down in any way. it is beneficial to

david asman's joining me, this could be poised to be a record loss here.k. ♪ ♪ a dry mouth can be a common side effect. that's why there's biotene. it comes in oral rinse, spray or gel, so there's moisturizing relief for everyone. biotene, for people who suffer from a dry mouth. thanks. ♪ [ male announcer ] fedex® has solutions to able global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ cut it out. >>see you tomorrow. ♪ and cialis for daily useor you. helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long term injury, get medical help right away for an erection lasting more

david asman will wrap up with the market's close. we'll see where they settle.ot falling oil prices will -- we'll talk about falling oil prices and what it means in 2015. i'm going to learn to speak english again. you have a great day. so i can reach ally bank 24/7, but there are no branches? 24/7 it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates. if every u.s. household with here's aa computerfor you: used sleep mode when they weren't using it, how much could we save on electricity each year? up to $1 billion? $3 billion? $4.5 billion? the answer is... up to $4.5 billion. using your computer's built-in energy-saving features can generate real household savings. take the energy quiz -- round 2. energy lives here. há so ally bank really has no hidden fethat's right. accounts? it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates. . dav

david asman continues now on fox. >>> i'm sympathetic that sony as a private company was worried about liabilities. i would have told them, do not get into -- a pattern in which you're intimidated by these kinds of criminal attacks. >> what the heck. some folks giving sony heck for not releasing the movie "the interview." they pulled the plug on it after north korean hackers thro erers 9/11-style attacks if they did. did sony have a choice? some say yes, some no. welcome, everybody. "in focus" to find out. steve forbes, john tamny, and the others. is sony doing the right thing? >> no. doing the wrong thing, and in brand defeating fashion. lest we forget we are talking about a light comedic film comedy, and so if hackers can shut down at movie theaters, this encourages every two-bit hacker around the world to figure out ways to shut down commerce. this sets a bad precedent and it's an uncourageous move by sony. >> bruce, an enemy of the united states. we're still technically at war with them, to dictate what we can and cannot do on our soil. george clooney for one in hollywood is furiou

david asman is in for stuart. adam: 2015 is the year for the cost for obamacare will be direct. if you cannot afford insurance for your employees you will pay a lot more. the burden of government is growing. not shrinking. a big issue for that campaign, you bet. a big issue for businesses, did so. fashion your seatbelts. "varney & company" starts right now. ♪ i am david asman and for stuart. that fema quoit is with us. what does all of this mean for individual filers and businesses. >> trouble. they will have to prove that they are applied to the group. >> how much time and effort will that take? >> this will take a lot of time. 90% of people will ultimately qualify. for many, it will be back and forth with a lot of paperwork. the fines are not small. 2% of your adjusted gross income. more penalties for each of your uninsured children. adam: what happened if i decide not to pay? aren't those penalties dependent on whether or not i get a refund? >> that is right. you would be building up a debt with the irs. >> what if i never get a refund. >> you are outsmarting them. the employ

david asman is here with the rest of the story.urprise that the union for the police is not making any progress because the mayor has been trying to undercut everson the funeral, one of the cops was shot down in cold blood a couple weeks ago the funeral was on saturday. a number of police turned their backs on the mayor. the mayor's office reached out to his political allies urging them to stand up to the police union and stand behind the mayor, to reject the cops and put their faith behind the mayor. a lot of people even democratic politicians don't want to do that because they realize the importance of police in new york how they sacrifice some much from 9/11 way before 9/11 but particularly since then that they deserve our support. apparently even though it didn't have a lot of affect what some people who complained about it some democratic legislators complained to the new york post about it. some people did kowtow to them mayor's office and one of them was the new york times. we had this atrocious editorial in the new york tim

my special thanks to david asman for all his great work while i was out.ent whose cockiness i couldn't figure out. barack obama says he feels liberated. why do i feel kind of violated? clearly emboldened that he seems to think the poll numbers give him the license to do whatever he wants. even those poll numbers keep him in the basement. may i remind the president that he might be off the mat. he makes a mockery of a midterm election he's chosen to ignore. not all elections have

my special thanks to david asman for all his great work while i was out. now to a president whose cockiness i couldn't figure out. barack obama says he feels liberated. why do i feel kind of violated? clearly emboldened that he seems to think the poll numbers give him the license to do whatever he wants. even those poll numbers keep him in the basement. may i remind the president that he might be off the mat. he makes a mockery of a midterm election he's chosen to ignore. not all elections have consequences. that is just not cocky. that is goofy. the hills kevin says, this may be a preview of what is to come. obviously, he said he set a very in your face agenda here. >> if you look at the time between the midterm election and today really you look at a series of actions from the white house that kind of offer a preview for how he will finish out his second term. i'm talking about cuba. i'm talking about immigration policies and to some extent even the cromnibus battle we had. this is a president who is really doubling down on progressive policies, as he en

david asman and tracy byrnes coming up "after the bell."ad,thank you mom for said this oftprotecting my future.you. thank you for being my hero and my dad. military families are uniquely thankful for many things, the legacy of usaa auto insurance could be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. [martha and mildred are good to. go. here's your invoice, ladies. a few stops later, and it looks like big ollie is on the mend. it might not seem that glamorous having an old pickup truck for an office... or filling your days looking down the south end of a heifer, but...i wouldn't have it any other way. look at that, i had my best month ever. and earned a shiny new office upgrade. i run on quickbooks. that's how i own it. david: tracy byrnes is with us today. >> fantastic. david: we have a rally going. we popped over the 18,000 number. nicole petallides at the nyse. talk about the five stocks that really did the heavy lifting. bring

welcome i am david asman in for neil cavuto, new york police officers turning their backs on mayor after of two of their own. they fear his support for ain't coaeupbgtdanticop protests wille more. al sharpton saying that de blasio blame game making it worst but peterson said it is the blame game against police that made this happen. >> merry christmas to you. my prayers and thoughts goes out to

liz: and david asman is here to witness it. david, we're close to record for the s&p.mazing to think we were ten times better yesterday. 420 yesterday. let's go to nicole petallides at the new york stock exchange. you can't have a 400-point rally every day, but oil is doing extraordinarily well today. and energy stocks are up with it. nicole: yeah. i just took a peek up there. in the after hours, 58 bucks for oil. far cry from the 53-dollar range we had seen at the five and a half year lows. chevron and exxon are leading the way. they're great winners in the dow. liz: the real sparklers are the cyber security stocks jumping as the sony hack continues. the fbi pointed the finger now directly at north korea. nicole: those stocks are hot. you're having the ceo on later. sony heckers. the cyber security threat is a big scary topic that's front and center. david: the dollar is way up as well. that's hurting some multi nationals that depend on weaker foreign currency for some of their profits. nicole: intel. mcdonald's. coca-cola. they're the ones that would be hit by that.

i'm david asman in for neil cavuto.rejecting his call to hold off on protesting until after the funerals of the murdered police officers. benevolent association president james carver says it is too late to undo the bad blood he created. can de blasio regain the trust of his police force again? >> i think that train's left the station. i don't think you can do that after all the damage that's done or

i'm david asman in for neil cavuto. activist groups rejecting his call to hold off on protesting until after the funerals of the murdered police officers. benevolent association president james carver says it is too late to undo the bad blood he created. can de blasio regain the trust of his police force again? >> i think that train's left the station. i don't think you can do that after all the damage that's done over the last couple of years. >> what does this mean for a city, when the mayor of that city doesn't have the police backing him? >> well, i think it shows that people can do whatever they want to do. you talk about the protesters right now. he's allowed them to protest. he's allowed them to sit there and say the cops should be killed. he's lost control of the protests as evidenced by him asking him to suspend the protesters for the time being until after the holidays, until after the assassinated police officers are buried. >> frankly, frankly, mr. carver, frankly i'm less concerned whether he can or cannot

welcome i am david asman in for neil cavuto, new york police officers turning their backs on mayor after asassnation of two of their own. they fear his support for ain't coaeupbgtdanticop protests wille more. al sharpton saying that de blasio blame game making it worst but peterson said it is the blame game against police that made this happen. >> merry christmas to you. my prayers and thoughts goes out to the families of the law thlosttheir family members in te shooting. i have to tell you, i blame mayor de blasio, i blame al sharpton, i blame so-called civil rights leaders, because they have been encouraging this type of rat hate rit hatred towe officers for years now. and mayor said he is teaching his son who is half black how to deal with cops, he indicated right then that officers would go after his son, simply because he is black. which is not true. but that encourages anger and fear. al sharpton. since the brawley situation, has been encouraging anger, and racism for black americans toward white cops and white people at large, now they have blood on their hands, had they not been

david asman, walk out a tough week here. adam: unbelievable. look at those indices. 1.7 on the dow. dow hit hard. all the indices under a full percentage point. liz: s&p falling down 32 points. nasdaq getting globbered. it is the dow jones industrial that has the worst percentage loss as david mentioned. we're talking you all the way through it "after the bell." starts right now. adam: again, the worse losses on most of the indices for two and a half years, on some of them for three years. it looks like it will close below 300 on the dow. let's get right to today's big market action. remember, next week, we have the fed talking about what they'll do with rates. peter kenny is joining us. john buckingham. dan with the cme. dan, let me start with oil approximately oil is oil is the biggest mover. you remember eric, he can be seen on other networks as well as fox business. he said the following. let's put his opinion up. in my opinion, the oil move has been severe and awesome, but it has lacked panic. you will know panic when you see it. oil likely not finished until you see the panic

david asman is in, he's ready to roll. don't go anywhere, be right back. . . cheryl: we are so close to getting another record for the dow jones. but, dade, we're down 99 points -- david. david: it is kind after low volume day but let's go to lori rothman at new york stock exchange. one thing not low in volume is oil. it looked like it was up a little bit but then came way down. kind moved rated a little bit. still a 2% drop, not affecting oil stocks too much though. >> which is interesting of the turn around in oil you can point directly to the release of dallas fed manufacturing survey which is a little weaker. then there was a report on u.s. rig counts which were actually down. that was behind the turn around in the price of crude. look at marathon. halliburton up half a%. baker hughes, bhp billiton showing nice gains in otherwise flat market. >> these are classic stocks. i'm thinking investors looked for yield. that's why they're snapping up utilities. [closing bell ringing] , likes like the market is trading down heading into the close. i don't know about

david asman is here, we're going to take you through the next hour and give you the final stats and make you feel good about your investments in 2014. you two had been through everything together. two boyfriends. three jobs. you're like "nothing can replace brad!" then liberty mutual calls. and you break into your happy dance. if you sign up for better car replacement, we'll pay for a car that's a model year newer with 15,000 fewer miles than your old one. see car insurance in a whole new light. liberty mutual insurance. thanks. ♪ [ male announcer ] fedex® has solutions to able global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ cut it out. >>see you tomorrow. ♪ . . cheryl: here we go. we're looking at a dow that will close below 18,000. david: you look nice. set for new year's. there is no sentiment in the market. hoping to start the new year over 18,000 but clearly that isn't happening. if you're looking for sentiment. that is cold hard dollars apcents. lori rothman at new york stock exchange. i wanted to talk about the vix as an indication of

. >> here with us now david asman of fox business, james freeman of "wall street journal." kmele foster of "the independents." david he hasn't had to? >> no he had everything locked up by harry reid who controlled the senate. house would pass something and senator reid would sit on it. the good thing what is happening. we don't have to have more lip service from the president how he is moderator and how he tries -- we know he has not wanted to come to december. that is why he had harry reid lock it up. he empowers panels like simpson-bowles to look attacks reform without any intention of passing meaningful tax reform. now we have the honest obama. tracy: we have his true colors where we will say no to everything. >> not no to everything but not looking like honeymoon for the republican senate of the it is odd tone. will he ever respond to the results of the election. the american people spoke pretty clearly. they want ad change in course. he doesn't want to seem to go along but i think there are things he will have to accept. yes he could veto repeal of obamacare but he is p

funny, david asman said earlier, oh, new york city. i said absolutely not new york city.is the worst place to try to buy a rental property to make a little cash. i got friend trying to buy stuff in brooklyn. forget it. they can't touch what they want to buy to rent. gerri: another way new york is different. cheryl, good to see. >> you bet, thank you, gerri. gerri: if you want to go from renter to buyer watch out. a new report is reporting that some housing markets are way, way overvalued. are we heading toward another bubble? what should you do if you're in the overvalued areas. we have chief economist for trulia. what are the markets so overvalued? >> there are some markets across the country that look 10% or more overvalued. when we say overvalued, this is compared to fundamentals, compared to where we would expect prices to be based on things like incomes and rent. they tend to be in texas and in california. austin, los angeles, some of the overvalued markets. gerri: l.a., orange county, san francisco, riverside, san bernardino. what happened to these markets? these di

melissa: joining me now, david asman, tom sullivan, along with steve moore, heritage foundation chief economist, also a fox news contributor. i just want to clarify out there because some other news outlets are getting it incorrect. we did say it properly. fed saying patient is consistent with considerable time. they added on the language they will be patient in terms of normalizing rates. they left in considerable time. steve moore, what do you think? >> you know, i just don't understand the pessimism that's been expressed on these panels. think about this. what we've got, melissa. we have booming stock market, right? we have interest rates as low as they have been in 50 years. we got inflation which is virtually nonexistent and everybody is saying stop, stop, stop the party. i mean i just don't get that. >> you are not worried there will be a bill to pay at some point? >> let me say about this. ron paul said inflation is in the bond market. if there is inflation in this economy if it is to come, why are people buying 30-year treasury bills at 3 or 4% interest rate? >> but hold on a

tom: david asman with me. now we're hearing it from the president's mouth, no surprise. >> no surprise. first and the new congress will put forth is the keystone pipeline be at the house in the senate will pass a measure to get it going forth. he has already telegraphed he will give no pretense anymore to impartiality. he is against it as he is against every carbon project in the nation. that will be the first veto. tom: there are labor unions theylabor, a lot of democrats are for it, the question is will the congress have the ability to override a veto. >> and what happens with hillary? hillary has to win the blue-collar vote. more and more the president is divorced himself from the blue-collar workers who do want jobs like the keystone pipeline to put forth and she desperately has to win over the blue-collar vote. the more he errs on the side of the academics, the harvard university types, all those against keystone and everything the more he hurts hillary's chances because he reminds people how against midd

stuart: david asman is here, formerly wall street journal, currently fox business. sanctions on them, if we establish normal relations with them, does that set cuba free? dave: of course not. the president was talking china still has a communist government but has a free market economic system which is basically true although i wouldn't call the free-market, cuba is not china. roll castro her person and be used to kill capitalists for that reason, he would literally take his pistol out and shoot people in the head because they were accused, it was a crime, of being capitalists under the communist regime. he is still in charge. he does not allow economic progress to take place. every time an individual tries to excel in the private sector they shutdown that part of the private-sector. they release it all little bit here and there, but when the private sector begins to grow they shut it down. there is economic apartheid in cuba. you don't have that in china. stuart: you were listening to the whole thing. what did we get? we gave this, what did we get? dave: we are the

. >> i am david asman. in for stuart. here is the big story. our friends, the saudis, they only wish us well. that is what they claim. they want to give our economy a boost. they only have our interests at heart, or do they. domestic fracking stocks limp out of the wreckage. varney and company is about to begin. ♪ >> check the big board right now. the dow is off from its lows from earlier. voting down the gold standard over the weekend. oil is still near a four-year low. touching 63 earlier. there is a bounce in oil today. gas still dropping about a penny per day. $2.76. let's bring in eric boling. he knows a thing or two about the oil market. it looks like the saudis are taking direct aim. is that true? >> yes. yes. they want to come off and think we will not cut production. reducing about 90 billion barrels a day. they will not cut production because they want to give the u.s. economy a boost. they are our friends. that has nothing to do with what this is about. how quickly can we scale back production to meet the decline? maybe not the deman

i am david asman. stuart is back tomorrow, by the way. making executive decisions involving our economy and national security. let's throw an answer out there. what if he has given up on governing? one of his sole object is for the next two years is setting the table for the next 20 years. it is going to be a bumpy ride. >> sharpton has a very checkered history. huge sounds on his taxes. i think he is politically this. i do not understand what the president would link himself so closely to this guide. >> charlie gasparino is here. i have had cordial relationships with him. i will say that he is not radio act if with a sizable amount of the population. he is not radio active with the liberal base. >> sitting next to the vice president. >> i have mixed feelings without sharpton in this sense. not everything he has done is that. there was an incident up in harlem. a clothing store where he stood on the corner. the guys store got turned down right after that. i will just take it in the context of ferguson. he made -- >> , the times has he don

david asman is with us right now. run against elizabeth warren. >> the point is, people talk about her being on the left as if it is an unusual position. she is from an the left. when she was the first lady under bill clinton, bill clinton was the compromiser. she was the author. hillary care, for those that have forgot and obamacare on steroids. a whole range of issues she tried to pull bill over to the left on. she -- it isn't heard dna. all this talk about her being a moderate. >> president obama was on the left with many issues. she was painted as the moderate. particular on foreign-policy issues. >> then on the left since bill clinton left office. they have really controlled the policy face of that party for the last 10 years. there was such a reaction against the war in iraq. that was the huge democratic issue against george w. bush. the democrats that took control of the party were on the left of the political spec drum. that is where obama gets out of that. frankly, i think hillary will emerge. all of this tal