East peace is in jeopardy and a fiery speech, he defended the obama administrations policies for israel and the palestinians. Backlash from the jewish state and americas incoming president seemingly boiling over with the white house. Mr. Trump calling out president obama and the u. N. In a new series of tweets promising change after january 20th. Well talk about it. In jerusalem, you may have seen, this Prime MinisterBenjamin Netanyahu issuing his own televised statement condemning mr. Kerrys comments as antiisrael. A lot of back and forth between ourselves and israel today. Back on the home front, though, amazon facing off against Law Enforcement and bentonville, arkansas. The Online Shopping giant echo device and alexa feature seen as the key to solving a murder. Why isnt amazon going to help the police out . The right to privacy versus Public Safety debate. Im Cheryl Casone in for liz claman on the floor of the New York Stock Exchange. Lets start our countdown. Breaking news wall street losses actually accelerating. Less than an hour to go until that closing bell, and its been a rough day for the markets. Started in the green, 9 30 a. M. Eastern time, sentiment going away. The sales number, negative number for the year. That took the sheen off of the markets today, and one point the blue chip was only 18 points away from yes, 20,000. The hopes of dow 20,000 slipping away in the last hour. We shall see what happens. Whats dragging the dow lower . Big names, caterpillar, intel, American Express firmly in the red, and yesterdays big performer losing glimmer today, graphics chipmaker, worse performer after short seller citron slammed the stock saying it is headed to 90 bucks next year. Flipping over to a name posting blockbuster gains, take a look at, i love these guys, shares of kate spade jumping 22 after the wall street journal reported the hand bag and accessories maker is working with a bank to look at possible acquirors. Kate spade may be up for sea. We shall see who the bidder will be. Lets bring in floor show. Weve got traders in the New York Stock Exchange and the cme group. Teddy weisberg here with me at the New York Stock Exchange. Its been a while. I thought you didnt like me, i guess you are back. Light volume. I wonder if this is a sign with the resistance to 20,000, talking about a president coming in and having the president make the change as he promises, is there nervous balance president elect trump . Always nervousness when we change personalities, the market is on a tear since the election. Perhaps its a little geopolitical stuff today. Who knows . We can give a little back. I remember it took 12 years for the dow to get to 1,000 going from the late 60s up to 1980. Not going to take 12 years to get on 20,000. It will happen when were not looking. Then you remember, it took about a month to get from 10,000 to 11,000, that was a slow slog. This wait and see, wait and see on a daytoday basis. Looking at real estate and technology, do you look at the sectors and say i know real estate is going to do well, technology, im thinking youre buying something because the market is coming back . You have to look longer term. I think the election was a gamechanger, interests work higher and a lot faster than people think, i think its the same sectors, the financials, the insurance companies. And i think this change that were going to go through is not a couple of months, its going play out over five or ten years, i think were going to the other side of the mountain. Connell thats good we like that, and the financials have had a big move, i think were at the beginning of that. Interesting you bring that up. I want to go to Alan Knuckman at the cme. Goldman sachs, the 1600 points gained in the dow have been Goldman Sachs. The three potential interest rates, we could be facing next year. Some say not worried about it, some say could this be a problem for the economy. What do you say . Im not so much worried about it. I agree with teddy, the financials have upside. They recently passed the halfway recovery point from the 2007 highs and the 2009 lose. They have a lot more upside potential, and i think theyre getting a bounce because were seeing oil stabilize, thats one Sector Holding the banks back because they had a lot of exposure and there were bankruptcy concerns. That is alleviated, higher crude prices help out the energy stocks, some of the sectors have more upside. Oil going towards 54. You got higher oil, might have higher gasoline, i worry about the small business. Thats just me. Guys, thank you very much. Teddy and alan, thank you very much. Happy new year. Happy new year to you, we got two more trading days. Maybe for you. Im done. Teddy is out. Drop the mic and go. Good to see you. Lets move to other big headlines were following today. Big news day, in fact. A war of words erupting between u. S. Secretary of state john kerry and israeli Prime MinisterBenjamin Netanyahu. Kerry addressing reporters at the state department playing in an animated way whether the u. S. Chose to abstain during the recent u. N. Resolution vote. Netanyahu wasted no time responding. Listen to all this. I know that the Incoming Administration has signalled that they may take a different path, and even suggested breaking from the longstanding u. S. Policies on settlements. Jerusalem and the possibility of a twostate solution. That is for them to decide. Thats how we work. But we cannot, in good conscience do nothing and say nothing when we see the hope of peace slipping away. Were not about to be swayed by mistaken policies that have caused great, great damage. Israelis do not need to be lectured about the importance of piece by foreign leaders. Joining us to weigh in what he makes from the comments from kerry and netanyahu, jamil jefford. I want to start with secretary kerry, well get to netanyahu. Secretary kerry was incredibly bombastic, defensive, defending himself, his boss, is he worried about his own legacy in the middle of all this . No doubt, cheryl, thanks for having me. No doubt they are trying to defend the legacy. The administration and israel has been a disaster the last eight years, he backed the effort to achieve middle east peace and recriminations why that, and you see the secretary of state defending himself. This is a large part to pursue aggressive policy against isil and getting peace to the middle east. They havent done that and looking to blame everyone for the problem. Interesting secretary kerry kept talking about the president s of other managers but this administration, the israelis said weve been dealing with this for eight years and feel shut out, netanyahu was snubbed by president obama when he came to d. C. , wouldnt meet with him. Do you think there is more to repair the hand at task for president elect trump considering the rhetoric we heard today . There is no doubt its going to be a hard process to repair the relationship. A strong relationship historically. We need to return the strong relationship. Without a strong relationship between the United States and israel, were not going to get to middle east peace. In the last waning days of the administration, its shocking to hear this aggressive turn in the administrations policy that really, when theyre at fault for this complete failure of policy, and its really concern. Benjamin netanyahu, a historic figure, shimon peres and netanyahu running the country together for so many years but seems to be dissent within the Israeli Government when it comes to netanyahu. He does have his foes. Is that a problem for him as he ramps up this anger toward the 12 nations . Netanyahu is a controversial figure here in the United States and abroad. The truth is hes a strong leader for israel and fighting for what they see as play in this effort, and theres nothing wrong with that. The reality is the u. S. Has a role to play but a constructive role, bring the two parties together and find the vital center. The problem is this administration had a polarized view and impossible to get a deal if you have polarization one way or the other. Thats exactly what theyre doing here in the waning days of the last three weeks of this administration. I have to say president elect was on twitter, which has become a normal occurrence on a daily basis. You probably saw it, we cannot let israel to be treated with total disdain and disrespect. They used to have a great friend in the u. S. , not anymore, the beginning of the end of the iran deal. Now january 20th fast approaching. If hes going to be so proisrael as that tweet seems to say, does the president elect have any chance of brokering peace between the israelis and the palestinians. If the settlement stops well go back to the table. Does trump get in the middle of that, do you think . The president elect h run the policy the way he wants to. In order to make peace in the middle east, youve got to find the vital center and for the president cant be vital to one side or the other, if hes going to make a deal. Other president views it the other way. Donald trump made it clear, he intends to change the current u. S. Policy. That doesnt mean you meet in the middle. There is a chance for middle east peace, if donald trump can do it, thats great, hes a deal maker, lets see him do it. What gives me positive feeling donald trump has a reputation hes very measured when you are in a room with him and takes all sides into consideration but he listens, maybe that will be an asset after january 20th. Seems to be so far. Jamil jafr, thank you. Youre welcome. You want to keep your televisions on countdown tomorrow, guess whos coming back . Shes back. Liz claman fresh off a trip from israel. Joined in an exclusive interview by former ambassador to the united nations, he is going to talk to her where he thinks the relationship between the u. S. And israel and unis headed. Liz was in jerusalem getting introduce. So much to tell you about tomorrow. Closing bell is ringing, we are about 50 minute away. Weve got some other thing were looking at today. Travelers, one of the few names making investor money. The insurance giant one of the star performers since trumps election victory surging 15 since november 8th. And winter has come early for hbos Parent Company time warner for the second year in a row. Game of thrones took the top spot as the most pirated show of the year. I dont get it but you all love it. And the walking dead coming in second place. Time warner amc entertainment, both lower today. Coming up next, deregulating america. Incoming President Donald Trump made it clear rolling back regulation says on the top of the agenda and the controversial doddfrank could be one of the first to go. What will this mean for the future of wall street . Were going to talk about it. Your Insurance Company wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Make the switch and find out why 96 of our customers are satisfied with Liberty Mutual. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Cheryl well, welcome back, Delta Air Lines has officially canceled order for 18 boeing 787 dreamliner jets worth 4 billion. They were all for the order but Nicole Petallides at the Delta Air Lines post. Shes got more on the story. Not good for them. Reporter thats right, not good news for boeing. Delta says no, thank you, boeing, i know we acquired northwest back in 2008, and part of that deal was getting this order for boeing planes, 18 787 dreamliners, they canceled. That theyre going to continue to have wide body aircraft from airbus, 25 over the next decade but the truth of the matter is they dont want this part of the deal, and so theyre bailing out. One of the reasons that some of the airliners just dont want to increase their fleet is they still face high costs, airfares which they are not able to raise, and so a lot of the airlines are not rushing to order new planes. So with this cancellation weve seen boeing down and delta is lower today. Boeing, i will note is the third best performer for the dow behind only Goldman Sachs and jpmorgan. Boeing doing all right in the back half of the year. Delta is down 1. 5 , cheryl . Cheryl made sense, northwest did it years ago, you cant blame delta, good for airbus. Nicole, see you towards the end of the show as we see you on the floor of the New York Stock Exchange we are live for countdown. Looking to ramp up our economy, president elects trump pledged to roll back regulations strangling businesses, financial reform law doddfrank, is that going to change . Fox news Senior Business correspondent in washington, d. C. For us, peter barnes. Reporter president elect trump said that president obamas financial reform law and regulations hurt economic growth. Doddfrank has been a disaster making it harder for Small Businesses to get the credit they need. We have to get rid of doddfrank, the regulators are running the banks. Reporter mr. Trump and republicans in Congress Want to repeal and replace doddfrank which president obama signed into law after the financial crisis and billions in taxpayerfunded bank bailouts. It put limits on riskier Bank Activities such as trading in derivative securities, created regulatory bodies including the Consumer FinancialProtection Bureau and beefed up powers for the Federal Reserve and other agencies, earlier in transition, mr. Trumps transition website said the doddfrank economy does not work for working people. Bureaucratic red tape and washington mandates are not the answer. Generally republicans have favored increasing bank capital as part of replacing doddfrank, bigger cash cushions to absorb bank losses from mistakes, doddfrank reporters caution mr. Trump into rolling back the law. Doddfrank came into place after one of the worst collapses in decades there. Was lacks regulation, that the banks were getting away scotfree and there rules on the books for citizens to protect savings, to protect mortgages and main street americans suffered. Reporter mr. Trump may not favor total deregulation of banks, in october he criticized president clintons reform of the glasssteagall act by spinning off banking operations, mr. Trump supports a 21st century version of glasssteagall. Back to you. Cheryl so much to follow. Peter barnes out of d. C. , thank you. Weve got the closing bell ringing, about 40 minutes to go. You know most of you have bought an echo from amazon over the holiday. But can the echo and alexa the digital assistant solve a murder . Police in arkansas say the answer may be yes. Why is amazon refusing to help the police . Fox business jeff flock is on the case for us. And a busy day for donald trump. The president elect expected to make new comments on the economy in the next hour. Were going to be listening. A potential roadblock on cabinet pick hurt mr. Trumps plans to kick the economy into high gear. We have a Political Panel tackling that question and a lot more. Countdown is live from the floor of the New York Stock Exchange. Were coming right back. Cheryl all right, were getting some breaking news on the floor right now. Japans troubled Auto Parts Company takata, were told is nearing a settlement with the u. S. Department of justice. This would resolve allegations of criminal wrongdoing how they handled the ruptureprone airbags linked to several deaths and injuries. The agreement expected to be reached next year, they would pay up to one billion and agree to criminal misconduct. It may take a little longer to reach a final outcome but that news just breaking. Wanted to bring that to you. In this news were following. Bentonville, arkansas detectives are asking for a recording to solve a murder. Victor collins was found dead in a hot tub at james bates house and alexa was in the room the whole time, may provide some clues what happened. A warrant was issued but amazon actually refused to comply. Jeff flock joins us with the late on the case. Here we go again with privacy versus safety. Amazon is saying not so fast. Reporter major can of worms on this one, cheryl. No easy answer to it. I suspect well get one, but case of james andrew bates. He had a fellow, friend allegedly turned up strangled and drowned in his hot tub. Mr. Bates has been charged with murder but they have mainly circumstantial evidence. They want a subpoena a lexsa shes the voice on that amazon echo. You know you ask things like, you know, who won the world series in 1963, and how do i drown a guy in my hot tub or Something Like that. At any rate, that stuff is recorded when you have a conversation with alexa. That goes up to the cloud and the folks in arkansas would like to have access to that. Amazon says no. Heres their statement, just so you know where they stand. Amazon says it will not release customer information without a valid and Binding Legal demand properly served on us. They object to overbroad or inappropriate demands. This could have a big impact on the sales of the echo. That is because if you think, well, it is listening to you all the time, which it is not it is listening to you all the time. I should make that clear. This is how the echo works. It listens all the time and records last 60 seconds to what you said.