joining us today is jim stewart. to have you back. >> thank you. >> little early to go out on a limb, isn't it? >> a little bit, but everybody i talk to about this, they all agreed that this is not the next bear stearns, this is not the next long-term capital ma manageme management, this is not the next reserve fund. there's two reasons for that, there's no leverage in these funds, so there are no counterparties at risk. and number two, this is a huge market, liquid market this was an outlyer fund. you can hardly call it a junk bond fund it had highly risk tolerant investors. this is not like the reserve fund which also had no leverage but everybody had their savings in there, day-to-day liquid think. they thought it was as safe as treasuries. that is not the case. >> what would need to go wrong now for you to actually worry this was a bigger fundamental systemic problem? >> i really -- oil for longer? >> no, not in these big liquid transparent markets. i think you can make the case, as many have, the junk bonds were

mandy: chief jim stewart says that's the one thing that saved his officer. without a gun, he says the suspect pulled out a knife. the officer fought the man off before he ran into the woods near edenbrook circle, in the oak hill subdivision off clemson boulevard. kristi hendrix and bryan gary were arrested on drug charges investigating the assault case say they found a meth lab at the couple's anderson village apartment, which is near the scene. both had also been spotted in the area where the attack happened. >> i know we have two people in custody that i feel sure were involved with this case. i need, somehow, to tie that to the individuals, or the other individual that's involved. mandy: crimestoppers is now offering a $1,000 reward, for information n at leads to an arrest. you can call crimestoppers at 888-crime-sc. you won't have to give your name. meanwhile, the officer who was hurt is now back to work. mandy gaither, wyff news 4, live in the anderson newsroom. michael: the greenville county sheriff's office traffic unit paid a deputy, dave dempsey. he

mandy two hours ago, anderson : police chief jim stewart stood before reporters and said this is one of those cases that haunts him. november 16, one of his officers noticed a suspcious person along edenbrook circle off clemson boulvard. the suspect was wearing a black hoodie and mask with a skelet on it. officer kristin brady got out of her patrol car, but before she could radio in, the chief says the suspect rushed the officer, knocking her to the ground, trying to gre holster. when he couldn't get the gun, he pulled out a knife trying to stab the man, but the officer was able to fight the suspect off. he ran into the woods nearby. >> what troubles us the most is this suspect attempted to remove the officers handgunthe suspect grabbed the gun and forcefully took her to the ground, struggle ensued. that this suspect's intention was to kill the officer. mandy: he suspects were arrested that night at their nearby apartment complex near the drive. as the hendrix and brian gary are facing drug -- kristy hendrix and mariah carey are facing drug charges. the officers says if they were not

anderson police chief jim stewart says the officer got out of her patrol car, but before she could radio in, he says the suspect rushed at her, knocking the officer to the ground, forcefully trying to get the gun out of the officer's holster. when he couldn't, stewart says the suspect pulled out a knife, but the officer fought him off before running into the woods. stewart says this is one of those cases that haunt him. >> we have 140 officers at this agency. we have 102 on the road, and 38 within our detention center. at times, i feel like i have 139 kids down here, and i take it personal. mandy: two suspects were arrested that night at their near apartment on miracle mile drive. kristi hendrix and bryan gary are facing drug charges, but the scene, and he says if they weren't involved, they have information -- they may have information on the case. that's where the public's help comes in. anyone with information is asked to call crimestoppers at 888-crime-sc. there is a $1,000 reward being offered. coming up at 6:00, the one thing that may have saved this officer's life. mandy gaither,

and officers believe attack.chief jim stewart is set to release more about this case later today. 3 the big apple is getting ready to ring in the new year tonight.hundreds of thousands of people are expected to pack the streets.check points and barricades were set up early this morning.all bags are to be inspected with backpacks, duffle bags, and alcohol all being banned. 3 we'll take a live look there in times square --you're watching the morning news on 3 welcome back to the morning news on fox carolina.we're looking live at some gray skies over greenville county. 3 in california--a 2 year old cancer survivor who had her arm amputated has a new friend who understands her condition. condition.the parents of little "scarlette" say they kitten that she would like. they say that's when they heard about a little kitten named holly.it turns out holly had to have a leg amputated after she suffered a traumatic injury.scarlette's family adopted the kitten on christmas eve and after the amputation, scarlette is now cancer free. 3 time for weather with nicole. 3 mostly cloudy today with a slight

and officers believe they are connected to the attack.chief jim stewart is set to release more about this case later today. 3 u-s education secretary arne duncan steps down today.during his final speech in office yesterday.. he called on congress to pass tougher gun laws.duncan has served as president obama took office in 2009. 3 the city of edmonton's first ice castle in canada is open to public this morning. morning.it opened up wednesday after two months of construction.the castle was carved and sculpted by hand and now weighs more than 27- thousand tons and stretches over an acre of snow.at night, l-e-d lights embedded in thick ice make the castle glow.the attraction will stay open until it melts. 3 3 it's ______.if there are some words or phrases you hope to never hear in 2016.. you're not alone.coming up.. we'll tell you which words are being banned by one group. 3 here's a live look down in fort lauderdale, florida -- thee morning news on fox 3 you're watching the mornin3 welcome back to the morning news on fox carolina.this is a live look along wade hampton boulevard in taylo

chief jim stewart says the attack he held a press conference because leads as to who attacked her aren't panning out. 3 3 "she suffered some bruising to her body." body.""she was slammed to the ground."chief stewart says she suffered a concussion and was taken by ems...police reports say brady was just patrolling the area...and stopped the man wearing a skull mask because he looked suspicious. 3 3 "what troubles us the most is that the suspect attempted to remove the officer's handgun." handgun.""there's no doubt in my mind that the suspect wanted to kill the officer." the suspected disappeared into the woods...and cops say this woman...came on scene. she's kristi hendricks...she lives at anderson village apartments down the road from m ere the attack happened. she said she was looking for her boyfriend, brian gary...and claimed he was hunting for rabbits in the woods at the time. cops don't buy that story, and say they suspect gary is the masked attacker. nathendricks led cops to her apartment...where they say they found brian gary...and meth making tools. 3 something down..."antoinette

joining us to explain, jim stewart. a lot of funky things happening ahead of this fed meeting. china changing the way it's going to manage the currency and this high yield scare. >> i know. it's not a sprays they'll raise next week. how long have bebeen talking about this and anticipating it. wouldn't you expect everyone would put the foam on the runway by now. this high yield fund situation is a reminder that we all knew with this low interest rates there would be pockets of excessive risk. now we'll see this is an example. somebody who was probably too deep but junkiest on the risk curve now facing liquidity crisis. it's not the last that we'll see before this is played out. >> how far could it reverberate? >> it's not that systemic for the reasons that i just said that we all have been knowing this is going to be coming. remember that we had a curtain raziser on this a year and a haf ago. there was liquidity issues and what can happen when rates go up. >> that's not the memory people have. the memory people have is in august of 2007 when they said we've got two tour three fu

jim stewart thinks so.n us live at post nine to talk about that. >> also coming up later on the show, the chairman and ceo of deere, sam allen, will join us live for an exclusive interview in a few minutes. a lot to talk about with him. >> let's kick off with the jobs figure. the u.s. adding 211,000 jobs in november beating expectations and last month revised up to a gain of almost 300,000. steve liesman is back at hq with a bumper set of figures. >> yeah. simon, that means you can't relax. better than expected jobs report followed by upwards revisions the past two months has some economists thinking not about this december rate hike but time for folks to start thinking about when the next rate hike will come. the first out of box with the prediction, we think this prediction locks the fed into a rate hike on december 16th and we expect a second increase at march fomc meeting. this is how the conversation changed from today. here are the numbers. nonfarm payrolls up better than expected, 211. september and

anderson police chief jim stewart is man who tried to kill a police officer. around 2 am november 16th the officer came across a man on edenbrook drive. according to the report, the man attacked the officer when she got out of her vehicle. reports say he tried to stab her then ran off into the woods. kristi lynn hendricks arrived at the scene and told police officers she was told to meet her boyfriend there. hendricks identified her boyfriend as bryan keith gary and said he was hunting rabbits with a bb gun in the woods. gary was arrested and charard with manufacturing meth. officials are still investigating whether hendricks and gary are connected to the attack on the officer it's new years eve and law enforcement all over the upstate is stepping up security for big celebrations..another big event today.. the orange bowl in south florida. we're counting you down to the game between clemson and oklahoma... we'll have complete coverage today. our live wire on wyff 4 dot com and our wyff 4 app... brings you a collection of the latest tweets about the our sports

. >> mike, do you agree with jim stewart who writes in "the new york times" this weekend that the junkond scenario never happened? >> the money available for riskier credits is less than it was a year ago. but it doesn't necessarily mean it's some kind of carnage that can only get worse from here. the catalysts for getting a lot worse aren't evident. in january, banks starred to expand and it isn't this low liquidity anymore. >> are you expecting a santa claus rally? >> i'm reticent to use that term. the short answer is no, i'm not. but what i do think you can be involved in are the miners, the gold miners. i was wrong the other day, on wednesday, i thought you would see a big rally in gold and yesterday it obviously got crushed. but the move you're seeing now starts to make sense. i think bond yields go down. i think you'll see a knee jerk reaction to the upside in gold. i think some of these junior miner stocks would get a bid in what could be a dicey broader market. >> guys, stick around, we'll switch gears. the other big story of the week, martin shkreli resigning as ceo of turing

our friend jim stewart says no, but there isn't enough of it to destroy our equity market. >> you wouldot think so. not as many securitized products. let's get to a particular name, disney. a great box office -- history in the making for this company. "star wars: the force awakens" posting a record breaking opening weekend take, $238 million in north america. estimates show the film grossing $517 million around the world. that would be shy of jurassic world in june. but the film hasn't opened in china yet. that release will take place next month. an incredible success, having bought lucas film a couple years back for $4 billion in cash and stock. this franchise will be worth multiples of that. >> people don't understand bob iger's strategy. it's not like he's saying espn's subs drop, i should panic, throw my hands up and listen to rich greenfield and give up. it's not like that in the executive suite. they say i bought this thing for 4 billion, half will be made up with this release. >> you think 2 billion from one release? >> i think it could be. there will be more screens this weekend

jim smith. >>> new details in the isabella stewart gardener heise. the fbi searched their track for the stolen art. 13 pieces went missing in 1990 when two man in police disguises broke into a museum. investigators say they acted on a tip but found nothing.>>> police are searching for a bank robbery suspect now. they say this man had a citizens bank inside a stop & shop and took off. at the time, he was wearing a green flannel jacket and a gray hat usa on it. decker goes up in flames. tonight, about a dozen people many residents lost almost everything. paula burton has the story. -- paul burton has the story. >> reporter: cynthia robinson can't believer homes gone. the mother of four was preparing dinner for her family on the second for -- floor when she heard banging on her door. fire officials say the blaze and dorchester began on the first floor by candle.>> she was taking nail polish off with remover and it got lit by a candle. >> reporter: home was fully engulfed. the family made it out alive. err we got out of the house just in time.>> reporter

both were assigned to an air national guard unit at stewart air base. that's where jim hoffer is with the story. >> reporter: three days until christmas. the 105th air national guard is in deep mourning. think about it. a suicide boomer taking the life of two of their soldiers, both of them from new york. air force staff stood on the doorstep of joseph lemm as word the hands of a suicide boomer in -- bomber in afghanistan spread through town. >> reporter: his bar der said they became -- barber said they became friends. he said lemm was a humble man. >> he was a quiet man. he didn't brag. he didn't say much. but once you started talking to him, he would open up. i was glad i got to know him. >> reporter: lemm in this home video as air force sergeant surprising his teenage daughter, young son and wife in 2013 after ten months at war. there will be no homecoming for his third tour after the terrorist attack in afghanistan. >> it hits home. it reminds us that we are still at war there. >> reporter: the loss of lemm and another soldier, louis unit is a huge blow to orange co

jim smith, wbz this morning. >>> a boston uber driver comes under attack and it is caught on camera. he was picked up a man on stewart street early yesterday morning and one of the men in the group yelled at him and insulted his religion and when attacked. he said that he was horrified by the hateful comments. i'm an american citizen. i support my family. i love this country. i'm concerned now. >> came to america from bangladesh. and the boston police investigating the incident. uber said that they've banned the passenger from using their service. >>> president obama signed a stopgap measure yesterday keeping the government agencies open till next week. as for sealing a long-term spending deal by wednesday, there are still dozens of sticking points. lawmakers have yet to degree on issues attached to the bill such as syrian refugees and gun violence. >>> porter said that he later told the driver to take gray to the hospital for medical okay he arrived with a broken neck. this is the first trial. six officers are charged in gray's death. >>> drones are become a pop already christmas give and a pilots. 240 near collisio

jim? >> reporter: you know, orange county has a lot of military ties, home to west point military academy. it's also home, right here to stewart airport. and the 105th is, again, mourning the loss, not of one but two of their soldiers. in the small town of west harrison, news of the death of joseph lemm traveled quickly. flags in the center of town at half staff, his barber called him a friend who rarely talked about his deployments. >> he would talk a little bit but not much. he would say, yeah, i will be deployed and going for so and so amount of time and we are looking forward to just getting it done and being with my family. >> today air force staff huddled outside of the front of lived with his wife, teenage daughter and young son. bunting hung outside the 50th precinct where he worked as a detective. he was on his third tour when a suicide boomer rammed an explosive laden motorcycle near his patrol in afghanistan. he and five other u.s. soldiers were killed including sergeant louis bonacasa of nebraska who along with lemm was from the 105th air wing at stewart national guard in orange county. >> heart-breaking. the men a

jim smith, wbz this morning. >>> a boston uber driver comes under attack, and it was all caught on camera. abdul azziz picked up a group early yesterday morning on stewart street. he claims one of the men in the group yelled at him and insulted his religion. when he asked the group to get out, he was suddenly attacked. it continued outside the car. the hateful comments. >> i have two kids. i want you to know i am an american citizen. i love this country. this country is good to me, i like it, and i support my family. i'm very concerned now. >> aziz came to america from bangladesh. boston police are investigating the incident. uber tells wbz they have banned the passenger from using their service. >>> the federal government will continue to be in business until at least next wednesday. president obama signed a stopgap measure keeping government agencies open until next week. as for sealing the long-term spending deal by wednesday, sticking points. lawmakers have yet to agree on issues attached to the bill violence. >>> drones are becoming a popular christmas gift but an pilots. a new report showed at least drones and planes in the last two years. 20 of t