rally at bay. a record high and earnings watch from nike, fedex. that might be a catalyst to get us offer the mark once and for all. >> absolutely, and bring me one of the hats since they're all over the floor. >> and the highest level in a week there's an expectation of a decline in crude stocks and oil doesn't seem to be at all phased by what we're seeing in europe, turkey and germany. they really aren't phased by it because there's an expectation at least for right now, if theres an ex ekscalation it coue bullish. turkey moves almost 3 million barrels a day through the turkish straits. if that situation gets worse it's bullish for oil from a risk standpoint. today, oil was focused on libya today. we saw prices up in part because libya was supposed to bring more oil onto the market last week. it didn't happen. there were a lot of tensions between different groups, gus what? they loaded a tanker of oil today and that brought oil down a little bit. but oil is still stunted, of course, by what president obama is going to do. he's going to put in some indefinite restrictions and drill

necessarily in that direction with the closing bell 48 minutes away, nike, the biggest drag on the dow 30. right there. cisco second worst, right now nike because cohn cut rating of the sportswear giant to market perform over worries nike can't do it with stiff competition with the likes of adidas and under armour which just signed to do all the uniforms for major league baseball. >>> and to netflix, extending the blood line, the online streaming giant investing $6 billion on more than a thousand hours of original programming for 2017. unlike nike, the competition is no threat to netflix, according to an upgrade from a sell to a hold and $10 increase on the price target. netflix up $5.11. to $124.34. up next, the floor show, and the man who warned the trump economy would be disastrous. he did it right here on fox business. you guys, boy, did we hear from you. you hated what he said! bill gross, let's bring him back, he's got new news on his position. is he standing pat, changing or doubling down? he joins us on "countdown". don't go away. generosity is its own form of power. you can ha

goldman sachs, another major winner all up over 30%. on the downside, nike, coca-cola, disney, these were misses. nike lost market share. coca-cola came under pressure. that was a laggard. down 3%. disney lost 1%. nike lost 18%. there were high hopes for dow 20,000. i wore this hat over and over again. dow almost 20,000. we'll still have that one but i got another 20 and that is the 2017 glasses that everybody gave out. at i want to wish everybody a very happy new year are. cheryl: not putting them on your actual face. >> fine, fine. i want you to party it up. melissa: we're cheering for you. happy new year, nicole. thank you so much. phil, let's go to you, cme, i don't know if you have a hat or glasses but figure for oil. 45% jump. what is next for you, sir? >> what a year comeback. i do have glasses but these are from 1776, different year, same glasses. anyway, no, to make a long story short. what a come back for oil. you remember a year ago how dooming and gloomy output for oil producers. people cutting back on $10 a barrel and five dollars a barrel oil? what a comeback this year.

. i want to get a couple of names like nike. what i like that it's based on fundamentals that earnings are going to get a boost as a result of rolling back regulations and corporate taxes coming down. black rock, latest report that i saw is estimating in their models that s&p 500 earnings will rise 26%. jpmorgan said it was 20%. that's pretty powerful. >> that's why the trump bump is not the slogan, it's a true sentiment that you now see across every sector from technology to health care to energy. they see the fact that the argument change of the country that for eight years has been regressive and hurts business and the regulatory that has done everything it can to stifle small business job growth. what we really need to understand, though, is a lot of these things from a government policy perspective can be done through reconciliation, now with the republicans in control of the senate and the house in coordination with the white house can get this past with 50 points in the senate. this is a very powerful opportunity to scale back, roll back all of these obstructionist policies for

competition for nike and under armour. cheryl: coming up, another record for stocks that yesterday. and the relic keep going? bill gross says yes. >> it depends on growth and earning in the repatriation of money from overseas at the last perhaps 200, $300 billion in the stock market next year. space-bar positives there, but certainly the bond side, even high-yield bond. nicole: we discussed when we come back. stay with us. this is your daughter. and she just got this. ooh boy. but, you've got hum. so you can set this. and if she drives like this, you can tell her to drive more like this. because you'll get this. you can even set boundaries for so if she should be here, but instead goes here, here, or here. you'll know. so don't worry, mom. because you put this, here. hum by verizon. the technology designed to make your car smarter, safer and more connected. put some smarts in your car. xerox personalized employee portals help companies make benefits simple and accessible... from anywhere. hula dancing? cliff jumping! xerox human resource services... ...soon to be conduent. which al

. nike will also release its latest quarterly results after the bell. the company struggling with growing competition. nike is now one of two dow components down for the year. we are going to hear from carnival this morning. the largest cruise operator to report higher quarterly about the new based in part to stronger sales of its more expensive ticket. nicole: lauren: the latest on the attack were tolbert added the driver a refugee from pakistan. straight to europe for a live report. also tracking a winter storm that could bring snow across the nation making it a white christmas for her son. she asked it will have your forecast. u.s. stock index futures come it is today dow hs 20,000 about a month after hitting 18,000? we will see. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ nicole: 5:45 a.m. in new york it the day it caught up. german chancellor angela merkel says the deadly crash in berlin appears to be a terror attack. did you report said the man believed to have driven the track came to germany as a refugee from pakistan in the past fe

competition might kick the shoe company's stock. we'll talk about nike. >>> in politics, the president-elect donald trump may be in florida but the transition agenda is not cooling off by any means, now there is one economic heavyweight who was thought to be a done deal for the chairman of the council of economic advisers could now quickly be slipping away. as usual, charlie breaks it and does so next on "countdown." this is your daughter. and she just got this. ooh boy. but, you've got hum. so you can set this. and if she drives like this, you can tell her to drive more like this. because you'll get this. you can even set boundaries for so if she should be here, but instead goes here, here, or here. you'll know. so don't worry, mom. because you put this, in here. hum by verizon. the technology designed to make your car smarter, safer and more connected. put some smarts in your car. ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast

different products that they sell, nike trying to turn itself around l . revenue was over a quarter billion dollars but nike down 19%. connell: adam shapiro with me at the new york stock exchange as we look at the markets further. microsoft and other laggards today, talking about that, and we'll also be talking about the travel. forget about a white christmas, how about blizzard conditions, having a hard time doing it thanks to mother nature. we have a weekend weather forecast that we put together for your holiday trip, and the icy relationship between president obama and the israeli prime minister benjamin netanyahu freezing up altogether over a controversial u.n. vote that came down this afternoon. the israelis turned to the president-elect donald trump for help while terror threats are growing in the holiday weekend is approaching. we'll look at it all. it's a busy day and it's all next on the "countdown". don't go away. your path to retirement may not always be clear. but at t. rowe price, we can help guide your retirement savings. so wherever your retirement journey takes you,

the only way to raise money. lauren: thanks, the three dow stocks negative this year, nike, coca-cola and disney. dagen: we got two of them off of the top of my head. virginia tech, we will tell what happened. winter storm hitting parts of the northeast, we will have forecast from janice dean, fox news meteorologist. coming up, you're watching fbn:am dagen: tennis star serena williams, highest-paid female athlete in the world is heading to the alter, williams opens tennis season in new zealand next week shares her news on rhetoric. now he's calling himself the happiest man on the planet. lauren: that's a good picture of him. dagen: indeed. congratulations. lauren: congratulations. let's take a look at the latest in sports, virginia tech pulling off the biggest comeback in 24-year history, 24 points, half time deficit to beat arkansas 35-24 last night. vt held arkansas scoreless in the second half. evans through for 243 yards, two touchdowns for the epic comeback. go to nba. a bad night for russell westbrook, he was ejected, you're out from last night's game against the grizzlies

has to be something that's five pounds, what would it be? nike is one of the staff so much today. shares rallied 2% after the company's latest quarterly earnings that topped expectations. bed bath and beyond. looking for the retailers to pose higher earnings. investors may also get update on the company's new program called beyond us for $29 a year members get 20% off all the purchases in-store and online. they're also your firm micron technology after the trading day and spirit memory-chip make her to post improved results compared to last year. recently raised its outlook for fiscal 2017. today could be the day for dow 20,000. we are going to ask chief market analyst about that. let's check in on futures right now. unchanged for the nasdaq, dow futures at 12. turning to other, a brick finely from the bone chilling temperatures. christmas now could be in the forecast for parts of the nation. we will tell you more but janice dean. you are watching "fbn:am." ♪ nicole: 5:45 a.m. in new york at the skate caught up on what's happening now. germany on high alert today. police search

cancel the deal. shares are only down 1%. shares were down 1% around opening bell. talk about nike, because nike is the worst performer on dow jones industrial average. shares are off almost 3:00%. competition from companies like under armour and adidas are really taking over the sports shoemaker. keep an eye on that trend. look at chipotle. now the problem for chipotle is customer service. according to executives there, the fast casual mexican chain, company is spending he so much time on food safety, that e.coli scare a year ago, they're not cleaning up tables. back to neil. i found a better deal on prescriptions. we found lower co-pays... ...and a free wellness visit. new plan...same doctor. i'm happy. it's medicare open enrollment. have you compared plans yet? it's easy at medicare.gov. or you can call 1-800-medicare. medicare open enrollment. you'll never know unless you go. i did it. you can too. ♪ ♪ neil: all right. they're going to need their best -- tomorrow. at&t, time warner chiefs on capitol hill. time warner ceo jeff bewkes thinks the deal will be done by 2017, not

their uniforms for saturday's big game. army wearing an all-black designed by nike featuring a patch honoring the 82nd airborne, they led the charge into normandy on d-day, navy uniforms designed by under armor a throwback to the uniforms day war in 1963. as we have been telling you president-elect trump will be at the game saturday. it will be a huge rally. we will be back. stuart: this will not have an effect on the stock market, the price of oil still holding at $50 a barrel. lulu lemon, remember them? they are going to move in "the opening bell," that soccer winner 20% up this morning. we will ll you why. the president-elect approval rating is rising. ashley: up to 50% viewed donald trump favorably. in august it was 33%. 51% of independents in the group like what he is doing, 16% are democrats. president obama viewed favorably by 56%. he is getting close to where the current president is so there you go. 37% of the nation believe we are headed in the right direction, the highest and four years so there you go. stuart: these numbers reflect the optimism being felt, a chan days, we

showing some strength. the consumer names that you know such as nike, home depot, disney, those are dow components. others include trip adviser and car max. take a look at some of the financials which really have been stellar here. goldman sachs, for example, we're seeing travelers also at an all-time high today, jpmorgan and american express. so we are seeing the fact that we are to the upside. so another possible record. yesterday we saw the dow, put me back on camera because here's the dow almost 20,000 hat. not just yet. neil: all right. well, it didn't work, the bid to get those electors to flip their preferences and maybe get 37 of them together to deny donald trump the presidency. it didn't work. now, of course, nothing is signed, sealed, delivered and done until january 6th when all of this is stamped and done in congress. but for now it looks very, very unlikely, and six weeks after he was duly elected president of the united states, it looks like, indeed, donald trump will be the next president of the united states. to the daily caller's -- [inaudible] and democratic strategis

camp, under amour. they beat out nike. we have the cubs owners and a yankees player here and a few others and the commissioner as well. a day of baseball and a day of under amour and it's under amour, the a-shares, uaa. stuart: got it. thanks very much, nicole. the ceo's of at&t and time warner are appearing before congress today, trying to sell their merger to the lawmakers. what's with this? >> they're going in front of a senate anti-trust panel trying to convince that the merger will not hurt consumers, it will create brand new innovations. they will have a tough time of it. the republican and center democrat both say this doesn't smell right and donald trump on the campaign does not like it, says there's too much power in the hands of too few. stuart: there's a selling job going on. ashley: exactly. stuart: here is a very important story. shell, they are going to develop a major oil field in iran. significant? >> it looks like three oil and gas fields. this lets iran say, yes, the nuclear deal was good. we can now leverage the nuclear deal. this is the second biggest oil deal b

daughter buys everything overseas. does that mean 35% on nike shoes. i favor cutting the corporate tax and cutting regulation, the infrastructure stuff that he's talk about. this doesn't make it easier to get that done. this makes it much more difficult. maria: dagen. dagen: what's interesting what peter navarro, one of trump advisers has been on the program and he pushed for cabinet-level visits to taiwan and kind of the u.s. bowing in the wall street journal editorial page so it's not out of the realm that this was intentional. it's hilarious every time trump breaks with protocol. that's what his campaign was about. what he says on twitter, i'm kind of -- >> this is not an inconsequential change in policy. well, this -- i'm going to change the color of the carpeting in the white house. this is a significant change in foreign policy. maria: is it a change or is it just a phone call? >> that's a good question. i don't know what the twitter messages -- maria: just telling china, putting pressure in china? >> does it put pressure on china? i don't know. if you want to change policy and put p

stocks negative this year. coca-cola and nike. look at the dow to play catch-up. they may be a big opportunity here in 2017. >> allen, you are so common back again and again and again. thank you. you really are a fun guy and your historical perspective uncannily brilliant. allen at the cma. i wanted to three from former virginia governor on this debate over the tax reform and maybe it doesn't pan out. i'm not trying to be a wet blanket as you know, you and i have gotten into this before. when i hear mitch mcconnell say once these tax cuts to be revenue neutral, which assigned from an accounting is. i appreciate his concern. i do find it remarkable democrats are now suddenly very conservative. having said that, do you think i could take over by the tax cuts that if everything had to be revenue neutral, by definition that doesn't mean you're going to get big tax cuts and let that worry you? >> i think what we need to do is jumpstart our economy and get our country much more competitive as far as corporate or business taxes, they should also apply to individuals because a lot of manuf

, chevron and exxon a. three names of the dow 30 had down arrow. nike lost market share to adidas and reebok. disney despite a great "star wars" launch, it was still a miss. it dropped about 1%. we certainly have jitters in the market. i just went through the outflows and inflows. we saw outflows of equities and everybody is running in, recorded net $3.4 billion inflow into the bonds, into bonds funds. so there is nervousness here at the end of the year, but we have 2017 to look forward to. connell: hang with us, nicole for a moment. i want to bring mark and nicole into the conversation. i don't make herbert hoover reference to think we'll have the crash of 29 here, but what happened after the trump bump as nicole called it? it has been quite a run from the election to the end of the year. where do we to? >> i believe in 2017 we'll see positive growth, maybe even 10% by the end of the year. you have to remember trump says he is going to drain the swamp. as i said last week when he starts draining that swamp it will probably stink a little. if you look at charts and graphs, and tec

. maria: saturday is the 117th game. it's going to feature uniforms made by nike and under armour. lou, what do you make of donald trump attending the game? >> everybody should go to one game. having been in the army i'm tired of losing 13 years to the naval academy. i've been up to west point. but the one thing that i was impressed with, you realize that according to the west point, a west point graduate is a greater command than a harvard graduate. that tells you volume about it. these people -- football won't be the greatest in the world, however, the young men are -- i was at notre dame. i have nothing but the greatest respect for the people on that field and that represents the best of this country. maria: you're a military man's wife. tell us about how you're seeing this. so many military people in trump's administration now. >> no, i think it's brilliant because there's one thing to have theory about war and there's another thing when you have actually fought it. when you look at nominations like mattis, these aren't people that this could be, no, this is the threat and wha

. close to 19,900 at the moment. let's see what is driving the dow. nike, ibm, apple. air buds, the wireless ear buds, delay is over but they're still not going to get to you before christmas, december 29th. oh, what a disappointment. also food stocks today having a pretty good day. dean foods, mondelez. so you have got some gains there with dean foods up more than 3%. jetblue biggest intraday percentage gain. want to show you that one as well. get you back now to "varney & company." ♪ stuart: hey, we're going up again. we're 83 points higher now, 19,879. we're is 119 points from 20-k. please look at this. microsoft reaching $63.22 a share. ♪ i do own a small amount. okay. >>> a professor at a california college caught on tape calling trump's election win, an act of terrorism. listen to this. >> the vice president is one of the most anti-gay humans in this country. and so, we are in for a difficult time you but again, i think that we can get past that. our nation is divided. we have been assaulted. it is an act of terrorism. one of the most frightening things for me and most peo

will back, verizon and american express gaining and nicely to the downside, cutting nike to neutral with market share to adidas and under armor. toll brothers sprucing the building segment, kb homes and lynn are doing well as toll brothers did well with double-digit revenue growth and the retailers, auto zone was a winner and michael's, craft and home to core stores and came under pressure starting at 5 am on foxbusiness. stuart: boeing has released a statement on the air force one program that donald trump once canceled because it is very expensive. adam: we are under contract for $170 million to determine the capabilities of these complex military aircraft that serve unique requirements to the president of the united states, look forward to working with u.s. air force on subsequent phases of the program allowing us to deliver the best planes, sound as if we are talking washington post story about $125 billion over five years, could sound like it may be a $4 billion price tag on this program is part of that. stuart: a warning shot from trump across the bows of boeing, don't charge

along with johnson & johnson. on the downside, nike and american express. extending parental leave to, i kid you not, 20 weeks for moms and dads. the story with oil today, you've got an opec agreement to cut production, and that's giving a boost to major oil producers. conocophillips up 3%. time to get you back now to "varney & company." stuart: well, i've been looking at voting patterns, and i've seen a big shift. the elites, yes, the upper class now vote democrat. the richest city, san francisco, went to hillary 85-9. manhattan, new york city, 87-10. and hillary won 15 of the 25 richest counties in the country. fascinating, isn't it? 43 years ago all you heard about was country club republicans. the right got the votes of the wealthy. here i am back in reality. that was my take at the top of the hour, last hour, i should say. new voting patterns. the elite, the wealthiest people in the country, they vote democrat, okay? that's what we've found. hillary clinton got the votes of the elite. look who's here, janine turner, actress and radio host. janine, welcome back. great to see yo

stocks that are lower for 2016. nike coca-cola and disney i will say in jpmorgan note this morning they talk about the idea of trump, ryeon putting ideas to gop platform bus they really underpin sentiment and that gives a boost. but the realize of those great ideas from corporate to loring taxes and infrastructure, there is some worry in the new year whether or not that could actually m come to fruition so in that jpmorgan note they said it could be a major equity risk during ohming months of 2017 so -- i hope question get -- i hope we get 20,000 and not never see it. that's a double negative but you know what i mean. >> thank you very much. >> we have the hat. you don't make hats you don't use them. we're going to get you there. don't you worry. environment administration looking to extend policy on israel. israel prime minister netanyahu is not a happy man. more varney, next. ♪ >> the obama administration about to defend its decision to on stain from the united nations security counsel vote on israel settlements congressman calls it vein dig vindictive. here's what we said next

record close once again. here's a look at some of the dow winners. nike got positive comments and a buy rating from hsbc, also goldman sachs and a lot of the market jumping on comments from chicago fed president charles evans talking about inflation targets, they could be back to 2% for the fed, and microsoft among the other leaders. under armour, well, this is a big one. made a first major sports deal, ten-year deal, major league baseball. they've already had four different players, but now they've gotten the deal for the uniforms, and they have bryce harper, for example. watching oil which has surged to highs we haven't seen in 17 months, and the natural gas average, $2.18. stuart: all change at trump tower, radically different than president-elects in their selection of a campaign -- cabinet, i should say. house minority leader nancy pelosi, she said this: >> well, i don't think that people want a new direction. our values unify us, and our values are about supporting america's working families. that is one that everyone is in agreement on. what we want is a better connection of our

, talking about the banks. nike has been a major underperforming, if they're able to turn things around. if the event we don't break through 20 today. we could-- >> isn't it true, sorry about that, that bear markets are created by recession. what would create a recession here? you were talking about growth pushing forward. we're out of a revenue recession, we were out of a revenue recession and that's no longer the case. >> there's no recession out there, looking for growth. the market, the rally in the last six weeks, i think the markets pricing that in already and when we get ahead of ourselves. stuart: hold on a second, a new face is going to appear on your screens as we head towards 20,000, we think we are. he runs boxed. che is an exceptionally wealthy young man he founded this juggernaut and is doing well. i want you to comment not on the stock market, but on the growth that you see. i know you're expanding your facilities and you must be doing that because you see growth in the future. >> stuart, you know i've been a viewer for many years and a guest for many years. stuart: yes.