we'll talk to fox news contributor gary b. smith.now and freezing temperatures in the northern united states prompted widespread flight delays. fox senior meteorologist janice dean will tell us what's in store in terms of winter weather. a lucky u.s. stock futures. the dow in positive territory one point. we'll take it. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ hmm. [cell phone beeps] hey! [police whistle blows] [horns honking] woman: hey! [bicycle bell rings] turn here. there. excuse me. uh. uh. [indistinct announcement on p.a. system] so, same time next week? well, of course. announcer: put away a few bucks. feel like a million bucks. for free tips to help you save, go to ♪ feed the pig dagen: 5:45 a.m. in new york city. donald trump will nominate exxonmobil ceo rex tillerson for the job. enough with tillerson has faced in dozens of countries across six continents and other political hotspots. a source close to trump telling fox news on friday that president-elect was impressed. the decision

to gary b. smith who crunches the number, threat going to be very tough for them to top if you think about it because whatever you say about that 4.6% rate, gary, how much lower can you go than that? >> well, i think you are it can go lower to be hospital -- be honest with you. still seeing a vast percentage of people that want to be in the labor force are not there. we're down into the mid 62.7 lab you're force participation. the problem is that donald trump and his team seem to want to interfere in the market, differently, but still the same as the obama team. they favor industriesed just like we railed against back to price controls under nixon we railed against obama moving or favoring green energy companies, we should be railing against the fact that he is interjected himself in business decisions such as ford and carrier. >> he seems to be saying, that, look, that is going to add more jobs and protect nor jobs, going to be positive. unemployment rate comes down. my argument here -- i'm not dismi

gary b. smith, academia group president, fox news contributor. good morning to you.erendum was going to be in now. we were going to be a big selloff. everyone a major prep mode whether we see going forward? >> i think a couple things, nicole. one is that the polls finally got this one right. they projected it would be about 60% now. they can mimic out 60% now. number two, the other part is this is not election. this is really coding for the status quo. this is voting for no chnge. in a reverse way, what the yes vote would have met with the more control of these high-level government officials, less democracy. that might've been good. that might've been bad. so i guess what it's really saying is changes to it. the people wanted some kind of change. they didn't want that kind of change the prime minister wanted. i see an overall good for italy, good for europe, especially good for united states. nicole: especially if they get their debt problems under control. you see this populist movement we saw that began over the summer in the u.k. with their vote to leave the e.u.

. >> gary b. smith. if you were advising people and a young person comes up and says, gary, i've been watching you, i haven't been in this market. want to get in now. don't want to miss this thing. at these levels what the market is doing right now, at the close of trading today, what would you tell that person? >> well, there are signs to worry but i think i'm more in brian's camp and i would advise that person to get into the market right now. i don't know if i would give 100% but maybe 80%. my thinking is this. think we have been, if you've will, under war, under siege. the economy has been, like we were in world war ii. after world war ii the market nearly tripled from 49 to 55. i don't know if this market is going to triple but feels like the fury of the great economic forces are being unleashed. i think we'll see a rally like we have never seen before. it's scary for sure. but i like this market right now. >> brian, the one thing you have to worry about -- i always posit this. fair and balanced view

our bulls and bears this week, gary b. smith, along with john -- welcome to all of you.s trump right

our bulls and bears this week, gary b. smith, along with john -- welcome to all of you. is trump right we should banter riss from areas that we could not fully vet? >> i agree. we cannot fully vet these people, there's not biometric data, there's not a courthouse in syria, they've all been bombed out. there's no way to actually vet these people. if you want to really help the refugees, understand this. last year we brought in -- we relocated refugees. it cost us $1.1 billion. $17,000 per refugee. now, if you look at the united nations website, last year was the highest year of displaced people in the world in history. 65.3 million people. now, compare that to 70,000. that is one-tenth of 1%. 99.9% are still out there. we're doing this just to make ourselves feel better about ourselves. we're not helping that many people. it is a multiple of the number of people we can help if we simply send that money overseas, help the refugee camps ask help them go into their existing countries around them instead of bringing them here. >> right. gary b., let me ask you, what would a b

our bulls and bears this week, gary b. smith, along with john -- welcome to all of you. is trump

gary b. smith and a fox news contributor joining us once again. good morning. love how you called we are going to hit 20,000. not this week that by the end of 2016. how high do we go and how fast we get there? >> is a great question. we kind of chuckled when i was on the top of the hour talking about dow 30,000. that kind of sounds like the dow 30,000. look at it this way. in february it this year, we were near 15,000. we moved up almost 5000-point in just a few months. that is about a 30% move, 33% move. add that to where we are now in that takes as dowd 27,000. i'm not they make a straight up in the next seven, eight months, but 37,000 is none other the possibility in the next two years. 2017 is really going to be strong. it all depends kind of like we talked about earlier on trump's first 100 days. can you imagine the spur to economy if icahn and really get down there and rips apart some of the small business damaging regulations? he could relate on the sherbrooke growth engine of the country. lauren: nicole: would've already seen optimism. he's got to get t

to market watcher gary b. smith on what he makes of the push and pull here. hat do you think, gary? >> it's exciting times, for sure, neil. i don't think it's related to any kind of terrorism in europe. i think this is just natural as we get to near 20k. people are anticipating that maybe we'll stop there, and what we're about 11, 12 points short, they start to take some profits off the table. the worst would have been if we dropped down 2-300 points. but we've kind of stabilized. when i looked 30 seconds ago, we were within 60 points. if we're going to make the move, it's going to be from about 2:00 today. i think about 50/50, i definitely think we're going to get there this week. neil: i was exploring this yesterday with charlie gasparino yesterday, this notion of terror that used to totally unnerve us, we sold first and then asked questions later. we don't have that anymore. i don't know if that's a sorry commentary on our times that we're, sadly, getting used to this stuff or that we don't think it's going to happen here. what do you think? >> a little bit

to gary b. smith who crunches the number, threat going to be very tough for them to top if

our bulls and bears this week, gary b. smith, along with john -- welcome to all of you. is trump

our bulls and bears this week, gary b. smith, along with john -- welcome to all of you.