adam: hilary kramer, rich edson, thank you very much.all it a rap. >>> ameritrade releasing the list of most held stocks by investors here. number one might come as no surprise. number five is facebook. the stock hit an all-time high this month. number four, microsoft. that stock seeing a massive 28% rally this year. coming in at number three, bank of america. number two, general electric? he said with a question. the stock is underperforming this year. it is down 7%. at number one, apple. up almost 40% this year but they're building that new headquarters. watch out. you know what they say when companies build new headquarters. >>> we hit a lot of milestones in 2014 to dow 18,000 so what will 2015 bring? we'll ask one of the smartest mind on the street next. >>> takata hits the brakes on management. will a shake-up in top level executives be enough to turn around the company's recent bad pr blunders? you will find out next. >>> look, daddy. every time a bell rings an angel get his wings. >> that's right. that's right. that a boy, clarenc

david: rich edson, thank you very much. >> jeff flock's camera is unfrozen.acted heavily on it. cheryl: jeff, we have you back. we're happy. >> 30 degrees for rich edson. hey, listen i have my blawkhawks hat on. they will win the classic tomorrow. cold everywhere in the u.s. except maybe miami. you would have think that sparked a rally in natural gas. look at numbers. today. no, this on final trading day -- david: there it goes again. >> just too cold and windy for jeff. david: i think wind is actually a bigger factor. usually when it is that cold for sustained period in chicago that water behind him is frozen solid. not so this time. cheryl: jeff can go home. david: go home, jeff. warm up. cheryl: gas prices did see a massive drop which some seeing gas prices below a dollar a gallon. up next, gasbuddy.com give us the outlook for 2015. >> good evening everybody. i'm adam shapiro. coming up after top of the hour, he is a 22-year-old entrepreneur that the airlines want to drive out of business. so why do they want to do that? he is going to be here in person to

liz: rich edson, thank you very much.we've been asking if you agree with the president that the north korean sony hacking was not a act of war. spencer says, anytime another country attempts to disrupt peace of mind in another country's citizens it is an act of terror. we're bringing you number one thing to watch tomorrow. we're back with jeff saut, raymond james chief investment strategist. we have a lot to choose from. a lot of stats tomorrow. what are you looking at? >> i think three ones they will look at the most, housing numbers, durable goods and gdp how the of those the third revision on gdp will be most important. whisper number is 3.9 up to 4.2, 4.3. that would be i think a surprise liz: a surprise. you can't ignore the durable goods number, is it not, jeff, a real opportunity to say the economy looks very good? >> but those numbers and housing numbers and consumer spending numbers, they move around a lot, liz. there is a lot of noise in the numbers. this is the third revision of the gdp i think that is much mor

thank you and rich edson -- rich: good evening, everyone i'm rich edson in for gerri willis.stories that matter to you. christmas comes early to wall street as stocks hit new highs. the dow closes above 18,000 for the first time in history. plus another holiday surprise. gdp growth taking off in the third quarter, posting its best results in 11 years. will american workers finally see the economic recovery in their own wallets? we have latest coverage with scott brown, chief economist for raymond james research, klaus bell, from raymond james and david, go to you first. what does this number mean? where do we go from

david: rich edson, thank you. by the way, i want to look out the window.g lighting of christmas tree at rockefeller center. not only are we awaiting that, marty feldstein is in a car awaiting that. unfortunately he got stuck in traffic because of all, look at this. this is shot of sixth avenue, right outside of our window. somewhere amongst those cars is marty feldstein. of if you can hear us we appreciate you trying, buddy. he tried as hard as he could to get here. he got stuck. happens once a year. it's a mess in new york. unfortunately we don't have marti fed steen. fortunately hilary kramer agreed to stay on. i will ask her the first question i was going to ask marty feldstein, numbers looking better, particularly under employment the fed is focusing on now, how can they continue this zero interest rate policy which is hurting so many people? middle class savers are being killed by this. wall street loves it. but the middle class is getting hurt by these policies. >> middle class is certainly getting hurt. they're using equity markets as a bond surroga

fox business's rich edson is live from d.c. with the very latest. tell us what this fight is about. >> good evening, gerri. depend who you are as far as the fight is concerned f you're a republican, there are dozens who problems with number of provisions in the bill. they want less spending. they want immediate response to president obama's executive order on immigration. republican leaders always knew they were going to lose a few dozen of these folks. the real surprise is democrats. they have a major problem with a proposal in this bill that rolls back some of the dodd-frank leg regulatory reform bill of because of those objections it may derail this bill. >> why is this in an appropriations bill? because it was the price to pay to get an appropriations bill. i was told we couldn't get all these other things that have been described here so lovingly, beautifully unless we gave wall street this gift. >> democrats have supported this provision in the past. it was agreed to in this bill on a bipartisan, bicameral agreement. and so while some members

liz: rich edson. thank you very much for getting us up to speed. we'll turn to somebody who was right there in the hearing. congresswoman marsha blackburn. welcome, congresswoman, blackburn. you stepped out of the hearing. you were there. were you satisfied with anything that you heard today? >> liz, i've got to tell you, i was not satisfied. what they're trying to say is, well, we want to minimize the damage. we took a risk, and now we're trying to minimize the damage. and what we could not get to was the root cause. why did they decide to go with ammonium nitrate in these bags? they were warned. we had some of the statements from their engineers that were working on the project that warned them against this. so we were not -- we were not pleased with the responses that we got and we're going to continue to work with some of the automakers and takata and see if we can't solve this issue. liz: well, there was a testy moment. and we want to show it to our viewers where you began to question mr. shimizu about these concerns that involved engineers as

dave: rich edson, thank you very much. >>> it has been a rough few weeks for russia with falling oil ruble crashing. could this be hurting companies here in the united states? next, we take a look at a few companies fueling the hurt from russia. liz: fast casual restaurants grilling traditional fast food joints this year. what's drawing customers away from the mcdonald's of the world into the fast growing space? next, in burger wars, we talk to the ceo of one fast casual burger chain looking to open another 25 locations next year alone. dad, i know i haven't said this often enough, but thank you. thank you mom for protecting my future. 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. ♪ (holiday mhey! is playing) i guess we're going to need a new santa ♪(the music builds to a climax.) more people are coming to audi than ever before. see why

joining us from our sister network, fox business network rich edson. rich, how has the open enrollment gone so far? >> with more than a month 1/2 to sign up the administration is on its way to its lower expectations. six million have signed up or reenrolled to obamacare insurance through the federal exchange. white house projected 13 million by end of this season's ol' enrollment. they have downed that forecast to 9 million by end of february. this will show how many signed up through state based exchanges. 14 states and washington d.c. have their own online marketplaces of the congressional budget office expect 25 million to have obamacare insurance through these exchanges in about the next 10 years, jon. jon: what about uncertainty that lies ahead for obamacare? >> reporter: plenty of it. in supreme court case justice will hear in march opponents of the law charge that obamacare as written prohibits the government offering obamacare insurance subsidies signing up in states without their own exchanges. that is 37 states. one analyst says the ruling ag

we head to rich edson in washington. rich. >> reporter: most significant change since the kennedy administration relaxing travel bans, a regular american can't just go, there you have to be part of business or educational purpose. white house says this reverses a failed policy. >> we will end an outdated approach that for decades failed to advance our interests, and instead, we will begin to normalize relations between our two countries. through these changes, we intend to create more opportunities for the children and cuban people. >> my interest in cuba is not economic. my interest in cuba is democracy and freedom. and let free cuban people choose what economic model they want to follow. nothing the president has done will advance the cause. on the contrary, it will set it back. >> reporter: the agreements will allow u.s. telecom companies to install more equipment with cuba. it relies a lot on them relaxing restrictions on their side and, of course, liz, how this plays out in congress. back to you. liz: we'll hear mor

our very own rich edson joins us from d.c. hey, rich. >> reporter: hey, tracy.ols spending republicans will control congress, so their strategy is to counter president obama's executive actions and regulations by attaching measures to rein in the executive branch to must-pass funding bills. this year the environmental protection agency rolled out standards for the disposal of coal ash. the administration also advanced rules on power plants, energy efficiency standards, a provision to expedite the formation of unions and calorie count requirements for chain restaurants. this is on top of the continued implementation of obamacare and the dodd-frank financial regulation law. >> it's like, you know for many of us personally driving through a fog. you slow down. i don't have the visibility ahead in the fog, so i slow down to be safer. it's the same for businesses and households when dealing with regulation. >> reporter: the administration says conservative groups cost estimates of its new rules are overblown and argue these regulations will been fit consumers and ame

rich edson is live in d.c. with the latest breaking news. >> reporter: good evening, charles. this bill is in trouble. as you mentioned, president obama, vice president joe biden making phone calls to democratic lawmakers, democrats right now in the house are having a caucus meet, but there's a split in the party. house minority leader nancy pelosi telling her colleagues to vote against it. she says this bill has a wall street provision in it, and this entire $1.1 trillion bill, and so we always assumed, charles, the republicans would be voting against it. >> you making it a priority to do wall street's bidding? who do you work for? wheat or the american -- wall street or the american people? this fight isn't about conservatives or liberals, it's not about democrats or republicans. it's about money. and it's about power right here in washington. >> reporter: republican leaders in the white house are trying to get this bill through, the trillion dollar spending bill through, but there's a backup plan. if there's not enough influence to get enough lawmakers onboard, democrats or

rich edson, appreciate it. thank you from the white house.iz: apple releasing best of 2014 list of songs, albums, movies and apps of what were the best? who took the crown home? taylor swift? was it pharell, frozen or "guardians of the galaxy"? we have the list next. david: did you see oil prices? they hid a new five-year low. it may be helping to lower gas prices could this be cause of concern about the global economic problem? could it even mean a recession globally. we'll talk about that coming up next. ♪ you owned your car for four years. you named it brad. you loved brad. and then you totaled him. 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. hard it can be...how ...to breathe with copd? it can feel like this. cop

rich edson live from washington d.c.ten, the publicly-traded, so-called private sector has absolutely benefited from obamacare. >> reporter: imagine that. you spend a trillion dollars on something, and equities go up. as for the hearing, these are jonathan gruber's first public comments since video showed him claiming the stupidity of the american voter allowed obamacare supporters to get the bill through congress. gruber is calling his remarks an attempt to sound more intelligent birdies pagerring others. that brought little satisfaction to lawmakers who questioned gruber over the course of nearly four hours. >> when did you realize that these comments are indefensible and inappropriate? >> i honestly didn't remember making them. >> you don't remember calling your knell citizens -- fellow citizens stupid, and you didn't remember saying that you're the only person who cares about the uninsured and that the rest of your fellow citizens don't give a damn about the uninsured? you don't remember saying that? >> i don't want.

thank you and rich edson -- rich: good evening, everyone i'm rich edson in for gerri willis. tonight the big stories that matter to you. christmas comes early to wall street as stocks hit new highs. the dow closes above 18,000 for the first time in history. plus another holiday surprise. gdp growth taking off in the third quarter, posting its best results in 11 years. will american workers finally see the economic recovery in their own wallets? we have latest coverage with scott brown, chief economist for raymond james research, klaus bell, from raymond james and david, go to you first. what does this number mean? where do we go from here? >> it is a great number. we get a number like this, a big revision upward to 5%. the dark cloud all year has really been been the bond market. 10-year yields hovering 2%. we dipped below two a couple times. that makes investors a little concerned. the problem is not here but in europe. high yield keeps anchor on our yield. there were dark clouds in this. durable goods still a problem. i have some questions about aircraft manufacturers. i th

david: rich edson, thank you very much. thank you very much, rich, appreciate it.david, diamonds are not just a girl's best friend anymore. they're also a hot seller during the holiday shopping season like this gorgeous, oh, isn't that fabulous? this is from blue nile. i am loving that. the ceo is here. yes, he is guarding it. will rip it off my finger in a minute. he has inside look for you at cyber monday sales. is it really the best day for online deals? can you get this for a better deal in a few today. >> that more than a thousand bucks? liz: david? guess. >> if it is, well -- liz: we'll find out. we'll find out. david: if you have a hankering for girl scout cookies, chocolate thin mints or peanut butter sandwiches you want to stick around, they're just now a click away. we'll tell you how to get them online coming up. ♪ (vo) rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built pow

charles: rich edson in d.c., another congressman really very upset when asked about a subpoena.his all about? >> they want gruber to state how much the state government paid him, thrown around $2.5 million. he said much of the grant money he had gotten went to his university, but he refuses to say how much government money he took for the economic modeling. for state health care in the mentation and state and basically saying i complied with all of your disclosure request by this committee, you can talk to my lawyer. charles: it has been good so far and only getting better. let you go back and listen in. fannie mae and freddie mac bringing down your payment. 3% on a mortgage be at is that the bust the housing mortgage needs or another door to a big bubble? a big discussion after this. how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of r mutual funds beat their 10-year lipp

firefighters were called to the 4200 block of edson place around 4:00 this morning. some residents knocked out windows to escape the heavy smoke and flames. we have no information about the victim or cause of that fire. a woman is dead following an early morning vehicle crash in olney, maryland. police say 43-year-old lisa ann smith was a passenger in a ford explorer that left the road near heinz road and blossom view drive. that suv struck a tree and light pole. smith died at the scene. the driver, 29-year-old robert walter lee, suffered nonlife- threatening injuries. police say they're investigating whether alcohol played a part. >>> traffic back to normal on eastbound route 50 in landover. earlier today the area was shut down at route 202 for almost 12 hours after a tanker truck crash. maryland highway officials say around 5:00 this morning the driver ran off the road and interest a ditch. some 2200 gallons of gas and diesel fuel spilled on the road. hazmat teams cleaned up the spill and reopened route 50. tonight the tanker driver is being treated for injuries at

rich edson is there live with a preview. he knows more about hockey than he does about soccer. why are they giving you a hard time? >> what about that box? you get two or three. >> it is fairly easy. >> we know the result now. we hope we know who advances. >> it goes up, not down. john: big names with big gains, it is a big one, up 100% and don't forget ali baba, that is up. a lot of hype about ali baba but meantime how about hockey which hasn't been the same since its heyday in the 80s and 90s but fans still want to go to the big games. one of the biggest the winter classic, what happened between the washington capitals and chicago blackhawks. rich edson live at nationals park with more. rich: they are getting the stadium ready and the washington capitals have practice going on. it is scrimmage time, the coaches go out and play. national hockey league, this has become a marquee event for it and if you look at revenue compared to the other leagues especially with television deals, the nfl has a $6 billion annual television d

fox business's rich edson is live from d.c. with the very latest.this fight is about. >> good evening, gerri. depend who you are as far as the fight is concerned f you're a republican, there are dozens who problems with number of provisions in the bill. they want less spending. they want immediate response to president obama's executive order on immigration. republican leaders always knew they were going to lose a few dozen of these folks. the real surprise is democrats. they have a major problem with a

republicans, finding way to block the plans rich edson in dc. >> reporter: republicans are looking at using congress' spending power, republicans offer two-step approach to fund government and allow next year's g.o.p. control congress to devise a response to president obama's executive order on immigration, it would fund through september. that would allow new congress to revisit the issue. meanwhile on capitol hill, committees held a couple of hearing, examine the president's executive orders, republicans contend that the president is acting outside of his authority. authority. >> thank you rich. >> dow jones average at an all-time high, auto sales, ripping to levels not seen in over 10 years, cyber monday was a big hit. to nicole on floor of new york stock exchange. >> record day on wall street, dow hit lifetime high, closed up over 100 points, procter & gamble, unitedhealth, disney and cisco hit new highs. taser hit a new tie, president obama pledgeing over $260 million for law en forement to have wearible cameras, royal caribbean, new high there, entering into the s&p 500 after th

rich edson is in washington, dc, following the latest. >> good evening, charles.first question in his final news conference of the year, president obama says administration officials will offer him options to respond to this north korean attack and they will do in a place, time, and manner of his choosing. he criticized sony for canceling "the interview." the bast basis for that country's attack on sony. obama: we cannot have a society in which some dictator some place can start imposing censorship here in the united states. >> president obama refused to say how and when the us will respond, only that it will. charles: the plot thickens. there's a lot of data. it's often mixed and often contradictory, we're talking about data about us, americans where we are. particularly when it comes to wages and income. the bureau of wage statistics, hourly wages have climbed last month. one more penny, and this month will make it the best year for a total increase since 2008. 147 million americans earning 49 cents an hour. $150 billion in our pockets for people actually workin

. >>> looking to find the name of a woman who died in a fire on edson place northeast. we broke the news yesterday. since then we learned a woman died but not who she is or how the fire began. >> 6:05 now. prince george's county police officer is in trouble with the law this morning. mark samuels-thompson is accused of leaving the scene of a crash. he was off duty at the time and was not driving a police cruiser. samuels-thompson already had his police power suspended for previously unrelated charges. >>> the man charged with killing a high ranking member of the d.c. government will be in court. seone killed carolyn cross in september. cross was the deputy director of the department of corrections. the trial started last month. the judge granted a delay until today because his lawyer obtained a new autopsy that could change the case. >>> moat troe is expecting revenues to stay flat. a fare hike is off the table. so d.c., maryland and virginia are expected to pay more. . >>> richard jordan breaks down how the changes could impact your commute. >>> a new warning for paren

it got heated, rich edson in dc with latest. latest. >> reporter: he was trying to sound intelligence by disper aning others, he phrafrs that believes congresspass the health full pran perso -- transparency. this afternoon's testimony represents gruber's first remarks after videos of these statements surface. >> you are stupid? i don't think so, no. >> does m.i.t. employee stupid people? >> not to my knowledge. >> okay, so you are a mart man. who said some as ranking members said, some really stupid things, and you said the same, is that correct. >> the comments i made were really inexcusable. >> reporter: and gruber claims he released all of the information that committee required, and requests for more detail should go to his attorney. charles. charles: thank you rich. market talking about plot thickening, dow started off right out the gate down 223, then a comeback, oil stocks bounce, high-flying techs bounce. it was a nen confidence boostero nicole on the floor. >> reporter: i know you were impressed, you saw the dow come of

gabriel edson arantes do nascimento fue ingresado el lunes debido a una infeccin urinaria en el hospitalmuy al pendiente de la salud del astro brasileÑo "pele" take vo vo tras algunos das de reposo, pel ya se encuentra muy estable y en compaÑa de su familia, por lo que mostr un video por medio de su cuenta de facebook. pel agradece a toda la fanaticada por el apoyo que le mostr en estos momentos difciles. . vo cambiando las cosas al golf. tiger woods reaparecio en los torneos de golf y se noto que no esta en forma. completo una tarjeta de 77 lo que equivale a 5 golpes sobre par. al momento esta disputando el torneo de "hero world challenge" cerca de orlando florida. gfx toda la informacion esta disponible en triple w "earth quakes academy punto com" la primera ronda sera este sabado 6 de diciembre y el lugar puede variar de pendiendo su categoria entre mise park y watson park por eso es imporante que visite el sitio y no pierda esta gran oportunidad. para formar parte de las filas juveniles de los earthquakes de san jose. gabriel por el momento es toda la informacion deportiva ahora pasa

fox business' rich edson here to spell it out. what are they planning rich? >> the republicans have a better chance of unraveling president obama's accomplishments for the final two years of administration. midterm election years feature less legislative activity. the entire house and senate were up to challenges, that and a republican house and democratic senate meant congress accomplished little of significance this year. good news at least no concern to investors, the s&p 500 up nearly 14% this year. next year republicans say they'll attempt to roll back obamacare, dodd-frank environmental regulations and the president's executive action on immigration. republicans fund the department of homeland security into february giving them opportunity to devise a response to the president's action. >> where you have the department of homeland security and its appropriations coming up for debate much sooner than the rest of the government funding, which carries through the fiscal year this is a chance essentially to offer a competing view for what immigration reform

fox business's rich edson has the very latest on all of this. rich?lissa, republicans are hosting a couple of hearings on president obama's immigration executive order. one this morning with homeland security secretary jeh johnson and ongoing hearing in the house examining what republicans say is the president's executive overreach on immigration. white house and democrats contend the president has the power to allow millions in the country illegally to stay. republicans contend he has no such authority and say they're devising legislative strategy to respond. >> we are looking at a number of options in terms how do we address this? now this is a serious breach of our constitution. it is a serious threat to our system of government. and frankly we have limited options and limited abilities to deal with it directly. >> house republicans appear ready to respond next year. congress miss pass a government spending bill by next thursday or the government shuts down. leadership aides republicans plan to vote on a bill that funds the government through next

to fox business rich edson with the state by state revolt. >> seventeen of them suing the obama administration over its executive order of immigration. claiming it allows many illegals stay in the united states violates federal law. fifteen of the 17 states have republican governors. west virginia and montana have republican attorney general's. the filing claims quote, this lawsuit is not about immigration. it's about the rule of law. presidential power, and the structure of the state constitution. they're directly at odds with the white house. >> they're saying it is not trying to fulfill the law of congress. instead he's trying to enact laws himself because congress will not act. (?) the president does not have that authority. the law here and precedent here is pretty clear. as it relates to the legal authority that the president invoked to carry out this -- the executive action he announced a couple of weeks ago. >> earlier this afternoon, the house approved a bill to block the president's immigration order. it heads to the senate where democrats can and likely will kill it. neil. neil: tha

rich edson was in the thick of it. >> reporter: thousands, passionate and peaceful and gathered in protest's pennsylvania avenue. the latest after the grand jordeclined to indict police officers in the deaths of black men. they say that congress should take the power to investigate and charge police officer involving deaths from the local officials and grand it to the federal government. >> washington is going to be silent, they are not part of the solution. we need the laws to bring the change. >> marchers stopped a few hundred yards away from the capitol where they addressed crowds of thousands more than two hours including the widow of a woman whose husband died in a police choke hold. >> this follows smaller protest. in some cases they stopped traffic and some wondered why president obama failed to make an appearance. he came to support the protestors. and more fallout for new york cityÑm=1@5e=i in the wake of t eric garner case. the police union and urging from attending the officer's funeral. it would insult their sacrifice. and many of new york's finest feel that deblasio has not s

rich edson is in washington d.c. >> reporter: evening, charles.icials say the senate intelligence committee will release the details of that report tomorrow morning at 11. it will charge the cia for using torture during the bush administration and also for misleading administration officials. former bush administration and cia officials have been pushing back on the reported findings and warning the release of these details will only create anger towards the united states and endanger americans abroad. to that the obama administration says it's been planning for months for the release of this information, instructing u.s. facilities worldwide to review their security postures. the administration says president obama supports the release of this information. senate intelligence committee chair dianne feinstein losing her chairmanship next month when republicans assume control of the senate. charles: speaking of which, we have one in the market today. at one point the dow was off 153 points. oil again down bigtime, bringing the major oil companies d

rich edson is joining us live from d.c. >> good morning. righted in middle of this march. we're here with a local who's here from washington, d.c. tell us why you're marching today. >> i'm marching for the injustice that been going on for since my father was living, since my father was my age. and enough is enough. if you be quiet, nothing will happen. so we here to try to make noise, for we can get some justice for our people. >> what do you want to see congress do? >> pay attention, pay attention. it's obvious. it's something you, like you throwing on a back burner but it's serious. sit there and imagine if that's your son. sit there imagine if that's your father. sit there imagine it's your brother. then take it serious. it's serious. it's serious. >> thank you for your time. this march continues all the way through. if you can picture what's going on when typically you have the president walk from the white house. this is the reverse. what they're demanding is a policy change for congress to pass to require the department of justice to examine any type of situation whe

it got heated, rich edson in dc with latest. >> reporter: he was trying to sound intelligence by disper aning others, he phrafrs that believes congresspass the health

rich edson with the latest on the massive news. >> reporter: the most significant change in cuba policyears, obama administration reestablishing dismalic relations with cuba, administration is easing some restricts on travel, sending money to cuba, it will allow more business activity, white house said this policy has taken too long to change. >> we will end an outdated approach for decades has failed to advance our interest. we'll begin to normal ice relations between the two country, we intent to create more opportunities for the american and cuban people. >> reporter: this action disavowed charter, send thes a global priority when we place on democracy, and human rights, it crosses our own red line. >> reporter: congress could attach on funding bill. charles: thank you, fact that america is doing better than european rule ofs does not real matter to much. there is really no light at the end of the tunnel. 46 million people on food stashes, 65 million children live in homes receiving government aid, and 73 million workers are eligible. while wealth decline has declined for all races,

rich edson with the latest. rich. >> evening, charles. this is about to play out in congress a dozen state governments are suing the administration over obama's executive order to allow millions in the united states to stay. republican lawmakers are registering their opposition on capitol hill. they're talking about bills to fund the government and give republicans until next year to contest the order. the house will vote on the bill to dismantle the action. that has no chance of clearing the senate. the administration is acting outside of its authority, republicans contend. the white house says it does have the power outlined. charles. charles: we have a lot more on that later in the show. the dow jones industrial average hit the lifetime high. one hundred points from 18,000, plus gas prices. they keep dropping. our paychecks, will they ever go up? we have more on that. first, let's go to nicole petallides on the floor of new york stock exchange. nicole. >> charles, a record setting day on wall street. i know you heard me say it before.

rich edson is live in washington dc with the very latest.orter: democrats charge this financial reform come a provision in the spending package come in to rollback a section of the wall street regulations law. thanks eligible for government asked off, they must transfer some derivatives to a separate institution and a provision would ease that restriction allowing government insured banks to keep some of those derivatives on their books. some democrats are urging their colleagues to take the entire package over it. >> i urge my colleagues in the house to refuse to pass this bill and left this provision is strike down. the american people do not send us your to work for wall street banks. and they sent us here to work for them. they contend that that would make the financial system in safer to either. the spending package shut down the government from a bipartisan the leadership endorsement which this bill has usually indicates the measure will clear congress. we are going to go ahead and count the votes tomorrow for you anyway. charles: this

once we get that back up we'll bring you rich edson's report. >> it's been a violent day in afghanistanith 20 killed in taliban attacks. in one attack a suicide bomber blew up a bus killing six afghan soldiers and officers. that's on top of a bombing yesterday at the u.s. military convoy that killed two american soldiers. now, the attacks come ahead of the formal end of the u.s. and nato mission there at the end of the month. 13,000 troops will remain with that number dwindling over the next two years. it's been more than 13 years since 9/11 and the beginning of those operations. coming up we'll talk about winding it down with retired navy captain chuck nash, a fox news military analyst. >>> new developments in a high profile case regarding freedom of the press. according to the associated press "new york times" reporter james rison will not be forced to testify on the identity of a confidential source. we're following this story from washington. >> a federal judge had given the justice department until tuesday to decide if their prosecutors would compel "new york times" reporter james

rich edson joins us from washington. >> reporter: evening, charles.ior congressional aides say democrat and republican negotiators are trying to strike a deal for expiring tax breaks. if law make pers fail, some businesses and families would pay billions more in taxes, they include business expenses, state and local sales taxes, out-of-pocket teachers' expenses and renewable energy credits. key senators thought they were approaching a bipartisan deal to make permanent deductions for research, expensing, sales taxes and transit costs, then president obama threatened to veto the emerging deal because it failed to extend certain breaks for taxpayers with children and lower income workers. with that the talks continue with one senior aide saying it appears congress may simply extend most of these breaks for a year or two again, further delaying a decision on whether these deductions should be a permanented part of the tax code or eliminated. charles? charles: okay, rich. down day for the market. oil hit a five-year low, and then it staged a really strong

rich edson has been falling along. he's in washington, dc, with where things stand right now.ng, charles. president obama opened 2014 promising to act where congress did not. he closed the year following through. issuing an executive order allowing 5 million in the us illegally to stay. obama: i was happy when the senate passed a bipartisan comprehensive immigration bill. i did everything i could for a year and a half to provide republicans the space to act. >> 51% disagree with his action. republicans say they will respond early in the new g.o.p. controlled congress next year. they only funded them through february giving republicans to attach a provision to that spending bill. while republicans may pass incremental changes, congress is unlikely to deliver the president what he wants. >> it does have to go through the grinder of congress and presidential approval to finally get somewhere over time. >> there's the court system. two dozen states are suing the administration over this. charles. charles: this topic will be a big political and economic one. another one here, the w

rich edson live from washington d.c.. the question for all of us, will this continue or do you think we might see maybe rebound in 2015? >> good question. low mortgage rates and improving economy, decent job growth, home price appreciation, other housing indicators remain sluggish, isn't the case chiller examines 20 metropolitan areas, restates of 4.5% increase across those areas in october. one economist says a deeper look at the numbers shows signs of growing momentum in housing prices. >> eight of 20 cities have prices not easing off or slowing down but actually picking up some speed in october compared to the 12 months ending september. that suggests to me this pattern we have been through for more than a year may be turning around and we could see next year prices actually pick up speed for a while. >> two months ago as an be case schiller said all 20 cities reported weakness and last month's report 18 did. the miami and san francisco area led october's report with gains of 9% from a year earlier, denver, tampa and t

republicans, finding way to block the plans rich edson in dc. >> reporter: republicans are looking atng congress' spending power, republicans offer two-step approach to fund government and allow next year's g.o.p. control congress to devise a response to president obama's executive order on immigration, it would fund thro

the fox business network's rich edson is here now. everybody is going to love this, this is great news. you've say, not everybody. >> not everybody. consumers think it's great news. the broader economy, likely great news. the problem is u.s. drillers and u.s. energy companies rely on high oil prices to make profit and have contributed so much to the economic recovery, especially over the past years. it really is creating this sector very, very good jobs, and there are questions as to whether or not that can be sustained if they're not making as much money on a barrel of oil. >> all right. so, kind of a drum roll here. aaa says it can look down the line and maybe do also predict here. what is it? >> well, the way gas prices work is that it's a bit of a lagging indicator what they call, or lagging -- not phenomenon but what happens is the price of a barrel of oil falls. that takes a while to get to the consumer and the gas stations. what we're seeing now is a reflection of where gas prices were. so aa says it's fallen we could see gas p

the fox business network's rich edson is here.he report is from july to september so how is the current quarter looking? >> when you look at some of this information, consumers drove that previous report and they're feeling pretty good now. a university of michigan survey says it's jumped to the highest level since 2007, before the recession. also, if you look at gas prices, that's been a huge boone to consumers, falling almost about a dollar a gallon and that's directly into consumers' pockets. >> i'm hearing some municipalities saying we might want to tax people a little more since they're not spending as much at the pump. it's never all roses and even as we are above 18,000 in the dow, are there areas that investors should worry about? >> there are and they're international areas. asian is slowing down, europe is slowing down. that's bad news for our exporters. t the dollar is strengthening. those are issues that we have to look out for and also what the federal reserve is going to do. this is where good news equals bad news pe

rich edson live from washington, d.c. with the latest. rich. >> good evening, charles.re still investigating what began as hostage situation in a sydney cafe before 10 a.m. and concluded in a raid at 2:00 a.m. next morning. 16 hours, 17 hostage, three killed and several injured later. some hostages escaped before police stormed the cafe. reports say two hostages were killed during the raid. at a morning press conference they rushed the thought because officers heard gun fire. >> that was decision made by teams responsible. these are the experts. we don't compete with those that have to make the call. they made the call because they believed at that time if they didn't inter there would be many more lives lost. >> international reports citing australian officials say the gunman is man haron monis, an iranian refugee called himself unaffiliated muslim cleric. prime minister tony abbott described him as a long history of violent crime, extreme i'll and mental instability. police say he acted alone. charles? charles: you mentioned he is part of isis. we want to -- >> allege

rich edson with the latest. rich. >> evening, charles.to play out in congress a dozen state governments are suing the administration over obama's executive order to allow millions in the united states to stay. republican lawmakers are registering their opposition on capitol hill. they're talking about bills to fund the government and give republicans until next year to contest the

rich edson live in washington with more. rich. >> now says he knew better than to make the remarks.is embarass and he says he is sorry. jonathan gruber says any suggestion congress misled voters and took advantage of their stupidity to pass the law was his attempt seeming more intelligent by despairing others. he said they passed obamacare with transparency and robust debate. following his apology would he provide information how the state and federal governments paid him on his consulting work for health care. >> will you provide copies of your communication including emails, presentations or any other discussions or conversations you had with federal or state officials or employees related to the affordable care act exchanges or other health care reform proposals? >> once again, the committee can take that up -- >> i need a yes or no. i'm not interested in talking to your counsel. i'm interesting in talking to you, right now, under oath, having been paid by the american taxpayers. will you or will you not provide that information? >> you can take that up with my counsel. >> guber

rich edson joins us from washington. >> reporter: evening, charles.y democrat and republican negotiators are trying to strike a deal for expiring tax breaks. if law make pers fail, some businesses and families would pay billions more in taxes, they include business expenses, state and local sales taxes, out-of-pocket teachers' expenses and renewable energy credits. key senators thought they were approaching a bipartisan deal to make permanent deductions for

liz: rich edson live in d.c. the event is over but ramifications are huge. >> that's right, liz. the police say the gunman held 17 hostages in a cafe. several managed to escape before the police raided the site. they raided cafe after hearing gunfire inside. the gunman is man herron monis, called himself unaffiliated muslim cleric and led a campaign to letters to parents of australian soldiers. police say the gunman acted alone. >> to the people of sydney, this was an isolated incident. it is an isolated incident. do not let this sort of incident bring any loss of confidence about visiting or working in our city. it was the act of an individual. this should never destroy or change the way of our life. >> u.s. department of homeland security officials say they're staying in with their australian counterparts and they say there is no connected threat to the united states. the stanoff started before 10:00 a.m. in australia. concluded around 2:00 in the morning. police officials are continuing this investigation. david and liz, back to you. liz: rich, thank you very much. david: all