Begin. Ice cold in the snow. How could it be so . It came without thanks. It came without packages, boxes or bags. It look like the grinch stole christmas. Retail sales down 1 . Not having a positive impact on the stock market. Down 183 points. How about the price of oil. Where are we now . That is within shouting distance of a six year low. Here is the story. Commodity prices are falling. Copper is leading the way. The price of gas continues to fall. Down another penny overnight. 338 year ago. Down 128 gallons. Here is the key indicator. Interest rates. It bounced back. Historically, a very low level. Our go to guy on commodities. Eric, i want to stay away from technical details. What is your evidence that prices are falling . I am not claiming deflation is in play. Prices fall too hard, too fast. Hearing people talk about deflation. Leading in some air out of the bubble. That is a good thing. The grinch as the analogy. I look at it this way. The grinch comes around at the end of the story. That is what is going to happen. If you extend that to the fold here, for the whole 2015, you are talking about 225 billion. This is a consumer economy. That grinch will turn out. Christmas 2015. Wonderful thing. We all cash in. Look at what is happening. The oil prices are dragging down. People are pulling money out of everything. Global economy must be slowing down. I will stop pulling money out of everything that moves. This is a temporary thing. There is all this spending power out there. They will be able to increase the prices. Look for quarterly profits. I think that there is zero inflation. , play a perfect scenario. Look at the longterm. Interest rates are low. Going forward, this is all good for the economy. Stuart thank you very much. More security screening at airports. You will probably have to wait a little bit longer. Published instructions on how to make a hard to detect bomb. It says it could be used by all. It looks to me like they are jumping because a Magazine Article came out. No longer need to be a part of what is going on in yemen. You do not have to be a part of it. You do not have to travel there. You can get 828 your self bomb. Learn how to do this. This is a serious problem for the united states. Yes, it is. The bad guys are leading this. We appear to be in retreat. They come out with a Magazine Article about a hard to detect bomb. We will jump through hoops. We are not winning. We are not this. We are retreating. We are reacting to them. We are totally defensive. If we have a strategy that tries to pat patdown people at the airport to find the bomb, we are already losing. You have to get that guy while he is making the bomb. Before he gets into the plane. I know a lot of people do not like the united nations. The Security Council to me, is a Perfect Place to call an emergency meeting. That is where we should have pressure on them. Samantha power was in kentucky giving a speech. John kerry is in india talking about climate change. This is an administration that believes the more we talk about islamic they are trying to downplay it i ignoring it. Looking at violent extremism. Invited to that conference will be until Health Professionals social workers, that kind of attendees. We will try to understand them. If we could just use the appropriate language. These guys would understand that they need to calm down. I think it is a crazy idea. We need to invite Arab Government and arab growth. This is fundamentally in your backyard. We will support you and do what we can. I am not sure if this is the low of the day. One and a quarter percent. Seven teen, 300 is where we are now. The gop congress is moving ahead with a number of votes that will surely make the president angry. A long line of details. Vetoes of the keystone pipeline. Vetoes of the 40 hour workweek. Vetoes on immigration. Youre taking, your idea, it is to take out funding for the president executive action on immigration. It is pretty much the strategy of the house and senate leadership. You have a president that is in violation of federal statutes. Passing legislation that will bar the president from using money. Stuart is this the plan to set up a line of vetoes . The president being pushed to veto the pipeline. Veto the 40 hour work week. See how far it can go. The hope is democrats will come across. We have a lot of americans struggling to find good paying jobs needed to support their families. Helping us override these details. Then we can implement legislation put into law a statute that bars the president from doing what he is doing because he does not have the money to do it. Will they put the blinders on and only focus on illegal aliens . Stuart are you comfortable . Do you think you have enough democrats to support you . It will be close. Not enough to get to the two thirds threshold. Debating the issue as we speak. I do not know what the final outlook will be. Stuart what is coming down the pipe here . That is what is likely to have been in the immediate future. Act in contrary regarding to the witches of the american people. You may see a president that acts on behalf of the american people. Take you very much for joining us sir. Elizabeth lawrence war on wall street. We have that story coming up for you. First, i will brag about my daughter jill. I am proud to say she won the Hotel Showdown on the travel channel last night. She won 25,000. Isnt she great. Threetwoone. Go. [cheering] it is so nice to meet you. Coming out on top. 1238 pounds now. Bad retail Sales Numbers for december. Sales were down 1 . Clearly hitting retail box. Give me the list of losers. Nicole more cautious towards the end of the Holiday Season for whatever reason. Walmart and target macys, all down more than 2 . Much like sears, jcpenney. Down 1. 3 . There was some decent spending at restaurants and grocery stores. Shoppers are cautious. The economy has been improving ever so slowly with job growth. It is choppy, at best. Stuart ouch. Not that. Thank you. Taking a look at jpmorgan. It is down. It took a mere billiondollar charge in legal fees. Cheryl casale they took off a billion dollars. Senator Elizabeth Warren who has been leading the charge. Seven years after the financial crisis. 10,000 people gone as employees of jpmorgan over the past year. Thank you Elizabeth Warren for that. They actually had a pretty decent number. Making money. The government will not back off. She wants them to continue to go after the bank. This will crush any bank that is trying to actually broke cover and make a profit. Stuart i believe one of Elizabeth Warrens staffers quoted saying we will make them bleed. Referring to other banks Hillary Clintons campaign . I believe that that staff are was referring to the banking industry. You can see the fatigue as you listen to jamie dimon. You have class action lawsuits against jamie morgan. When does it end . She does not want to see it end. I think that is my biggest concern right now. It is hurting the economy. Other banks letting people go. I am sorry. At what price to the economy you win a Political Office . When do you stop . She is not stopping. I hope voters wise enough and see it is a very selfish run she is about to make here. Higher profit. Lending looks less profitable. Wells fargo. Does not help the stock. Take a look at tesla. You lawn musk said sales in china were unexpectedly weak in the holiday quarter. They are now down 190. John boehner. Michael hoyt, a former bartender hatched a plot to poison or shoot the speaker. They say he was hearing voices. He thought john boehner was the devil and responsible for the tram 15 outbreak. President obama some guy called this guy a on political attack dog. Just 46 of American Children live in a socalled Traditional Home with both mother and father in their first rh. Doctor ablow is here in the next hour. Jumping on the bandwagon. Would you drink Gluten Free Beer . Maybe it has something to do with the millennials. Would you drink it . Absolutely. I blame millennials. Pulling the pork from its menus at the restaurants. We will explain that in a moment. Push your enterprise and you can move the world. But to get from the old way to the new youll need the right it infrastructure. From a partner who knows how to make your enterprise more agile, borderless and secure. Hp helps business move on all the possibilities of today. And stay ready for everything that is still to come. You get sick you cant breathe through your nose. Ddenly. Youre a mouthbreather. Well, put on a breathe right strip and instantly open your nose up to 38 more than cold medicines alone so you can breathe and sleep shut your mouth and sleep right. Breathe right. At ally bank no branches equals great rates. Its a fact. Kind of like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. Stuart alley pop. We call it the chinese amazon. Ninetyeight. The ipo price last year was 68. Disney has moved its jungle book we make back. 2016 remake of that wonderful cartoon. 2016, it is coming out. Announcing they will make a new lieutenant free beer. How do you make a beer without barley, wheat or hops . Lauren simonetti is here with some details. How do you make a beer without those gluten loaded ingredients . You replace the barley with brown rice. It has a caravelle undertone. I know. He is laughing. Apparently, it is good. The company is brewing a completely separate from their other beer. You have no gluten contamination whatsoever. Gluten free is a hot trend right now. Stuart i have no problem with it. No problem with me what so ever. I just wonder how it is going to taste. So many people are following a glutenfree diet these days. Either because they have to or they think it is healthier for you. One of the biggest trends in the Health Industry right now. Companies are smart to try to capitalize on it. It could bring millions of dollars in sales. It will probably be a diet fad. A lot of people used the diet to lose weight. Pizza hut coming out with glutenfree products as well. Dunkin donuts did not really succeed here. Stuart look at this. Chipolte. Lauren, what is this all about . They are all about sustainability. A routine spot check. They found one of their pork suppliers used not Sustainable Practices in the raising of pigs. Hundreds of chipolte is showing the sign. Stuart that is probably a good pr move. We are responsible. We support sustainability. Look at us. Come on in. We will not cheat you. A have been a success story. They are doing great. The millennials and other people like how they treat their animals, their food, their people, their farmers etc. Find another supplier that meets their standards. Companies are grabbing onto the organic allnatural products. Stuart another terror threat. And at the air force basically. How to build a bomb that is virtually undetectable, they say. New cause from senator ted cruz. Send all the employees to guard the southern border. Does judge napolitano like the fact . Oh of course he does. He is here after the break. We should abolish the irs. Startupny. Its working for new york state. Already 55 companies are investing over 98 Million Dollars and creating over 2100 jobs. From long island to all across upstate new york, more businesses are coming to new york. They are paying no property taxes no corporate taxes no sales taxes. And with over 300 locations, and 3. 7 million square feet available, theres a place thats right for your business. See if startupny can work for you. Go to startup. Ny. Gov. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. So what about that stock . Sure thing, right . Actually, knowing the kind of risk that youre comfortable with, id steer clear. Really . Really . Straight talk. Now based on your strategy i do have some other thoughts. Multiplied by 13,000 Financial Advisors its a big deal. And its how edward jones makes sense of investing. Stuart consumerism is and retrieve. You are sick and tired of buying a bunch of stuff piling it under the tree. Do i really need the newest iphone . Actually, i do think that people are getting sick of it. Not doing any Holiday Shopping this year. That includes online shopping. Millennials are the ones driving this. American consumers can be discriminating consumers as well. I think they should be. Stuart just maybe. We called it right last month. Buying stuff after stuff. Piling it up under the tree. Sales down 1 . You were right. We did not buy electronics. We did not buy sporting goods. Things that you do not need. Food gasoline, Building Materials of all things, and automobiles. Things that we did not meet in our life, we did not buy as much in the month of december at all. Stuart they did not use that extra money to buy presents for under the tree. They paid down hills with it, but they did not spend it. Putting more money into their savings accounts. Consumerism was not a winner. Al qaeda published what experts say appeared to be a detailed and lethal hit in bomb recipe. A checkpoint here at terminal two at ohare. Armed with escape detection. Looking at that fullbodied scanner back there. A lot of smaller airports do not have that. They have the metallic scanner. Potentially, it could be made with simple Household Goods that are found around the house. They also have a tip about where to put it in this article. Inside the body cavity. They do not specifically say where that would be. I will leave it to you. Stuart all right, jeff, we hear you. Are there any extra search measures taking place at ohare now . More people having their carry on bags go through. Indeed, there are. Patrols by Homeland Security police. I spend a lot of time at the airport and i do not particularly see that. Definitely tighter security. Just in case you need another reason not to like the irs just in case, sort shortages could mean delayed tax refunds. Rolled this tape. The single most important tax reform. We should abolish the irs. There is a powerful populist instinct to take the 110,000 employees at the irs the padlocked building and to put all 110,000 down in our southern borders. [laughter] go, ted go. Stuart wait a minute, judge. This is ridiculous. You know perfectly well that the irs will never ever be abolished. It is a waste of our political enemies. It may be a very good use of Political Energy for this reason. Politicians often put out trial balloons to see how it goes. A conservative Republican Base that will choose the next public and nominate. This is a very popular thing for him to say whether it is popular or not. He is saying there should be a flat tax where instead of in the carney case where your tax return is 16 inches it, you would have an index card you what you earn times. 13 is what you owe. That is it. That is the type of simplicity that i believe mr. Cruise is suggesting. You will see a lot of voters in favor of it. Is that practical . I do not know how that works and i do not know if you could do it overnight. Simpler, less costly, less bureaucracy. Even Stuart Varney may agree. I agree with it. What about the half of the population that works and does not pay a dime in federal income tax. Are you talking about the uber rich that receive money from sources that are not taxable or people below the poverty line . A do not meet the tax threshold. There are a variety of these flat taxes. More than half of the public does not pay any taxes. I will give no one a deductible and tax all income. Even welfare and social security. Everybody now has to pay taxes. That is a good response and the heart of the problem. You have to find sort of a happy medium. Stuart you would agree with that also. Sort of like the british civil servant. Stuart do not put words in my mouth. [laughter] stuart i am interrupting your laughter. [laughter] stuart hold on a second. Stop the beatles. I have breaking news. As expected, the house has voted to undo president obamas immigration orders. Separate out the executive orders. Separate them out from Homeland Security funding. Up next is the bad economy good for the pond business . We have the answer after the break. Once i give you the ticket, we have to own it for two weeks. Nobody ever told me that. Go give me my earrings. How about no. Ca if you have copd, ask your doctor about oncedaily anoro ellipta. It helps people with copd breathe better for a full 24hours. Anoro ellipta is the first fdaapproved product containing two longacting bronchodilators in one inhaler. Anoro is not for asthma. Anoro contains a type of medicine that increases risk of death in people with asthma. It is not known if this risk is increased in copd. Anoro wont replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. Tell your doctor if you have a heart condition, or high Blood Pressure. Tell your doctor if you have glaucoma, prostate or bladder problems, or problems passing urine as anoro may make these problems worse. Call your doctor right away if you have worsened breathing chest pain, swelling of your mouth or tongue, problems urinating or eye problems including vision changes or eye pain while taking anoro. Nothing can reverse copd. The world is filled with air and anoro is helping people with copd breath air better. Get your first prescription free at anoro. Com. Nicole i have your fox this brief. The Dow Jones Industrial average is down. The s p is down 18. The nasdaq composite is down. Jpmorgan, Goldman Sachs walmart, American Express among the loggers. One glimmer of hope with utilities. Con edison of a half percent. Also American Electric power. Of three quarters