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Detailed text transcripts for TV channel - FOXNEWS - 20120102:16:25:00

strait where 1/6 of the world's oil passes it. could threaten navy ship in the region. it is name means capable of farsi. this cruise missile has a range of 124 miles. the u.s. navy fifth fleet is based in bahrain which is 150 miles from iranian shores. the missile was tested as part of these navy drills which one member of parliament in iran was designed to practice taking control of the strait of hormuz which the u.s. would consider an ability of war. the missile was added to iran's arsenal in see. according to iranian navy spokesman it has been upgraded in materials of radar and satellite communications and has according to the iranians a radar-evading mechanism. a total of four missiles were launched by iran today but they were not the longer range missiles that could hit is rails. all this sabre rattling comes one day after the iranians surprised the west announcing they had moved further along in their

World , Oil , Region , Cruise-missile , Name , Fifth-fleet , Range , Ship , Us-navy , Farsi , Bahrain , 1-6

Detailed text transcripts for TV channel - FOXNEWS - 20120102:10:23:00

lashing out. it lends credence to the theory. iran carried out that test today a launch of a missile designed to avoid radar. they also said they have a fuk layer fuelled rod that provide fuel for nuclear reactors. that is an achievement they believed iran was not yet capable of. john bolton says this nature res t -- narrows the time for them to have a nuclear reactor. >> i think 2012 could be a very important year if israel reads the situation the sap way secretary pineda the time in which they have to take military action the time the nuclear weapons program is very, very short. >> the construction of nuclear fuel rods comes a day after

Iran , Credence , Missile , Lashing , Theory , Test , Launch , Rod , Radar , Fuel , Achievement , Reactors

Detailed text transcripts for TV channel - FOXNEWS - 20120102:00:23:00

today's new provocation lends credence to that theory. after announcing postponement. iran carried that out today. and a medium sea to air missile designed to avoid radar. at the same time aran announced the first nuclear fuel ride. of that provides fuel for nuclear reactors, an achievement that many western experts did not believe that iran was capable of. u.n. ambassador bolten says it narrows the window of time for the west to act before iran becomes a nuclear power. >> and said a month or so ago, he thought iran could have a nuclear weapon in a year and i suspect it's less than that and i think that 2012 could be a very important year if israel reads the situation the same way as secretary panetta, the timing which they have to take military action against iran in a nuclear weapons program is very, very short. the missile test and announcement of nuclear fuel residence come just a day

Iran , Radar , Missile , Credence , Postponement , Theory , Provocation , Sea , Aran , Bolten , Experts , Nuclear-fuel-ride

Detailed text transcripts for TV channel - FOXNEWS - 20120102:16:11:00

white house posted a lengthy three-page statement to justify the president's decision to sign the act containing the controversial provisions t reads in part, quote my administration will interpret and implement the provisions in a manner that bests preserves the flexibility on which our safety depends and upholds the values which this country was found and this issue will come to a head next week when we mark the 10th anniversary of establishment of detention camps at guantanamo bay. jon: catherine herridge, interesting developments out of washington. >> reporter: for sure. jon: thank you. >> reporter: you're welcome. jenna: big develop months out of iran toes firing new long-range missiles the country reaching a new milestone for its long-range missile program. what this means for the region and what it means for our national security. we'll take a close look coming up. jon: california burning. almost a dozen more suspected arson fires breaking out overnight. there is a big break in the case. jenna: hopefully that is the break. we'll see when we talk to a member of the los angeles fire department. the ever-changing

President-obama , Part , Provisions , Statement , Administration , White-house , Decision , Act , Flexibility , Manner , Three , Jon-scott

Detailed text transcripts for TV channel - FOXNEWS - 20120102:03:23:00

lashing out. it lends credence to the theory. iran carried out that test today a launch of a missile designed to avoid radar. they also said they have a fuk layer fuelled rod that provide fuel for nuclear reactors. that is an achievement they believed iran was not yet capable of. john bolton says this nature res t -- narrows the time for them to have a nuclear reactor. >> i think 2012 could be a very important year if israel reads the situation the sap way secretary pineda the time in which they have to take military action the time the nuclear weapons program is very, very short. >> the construction of nuclear

Iran , Credence , Missile , Lashing , Theory , Launch , Test , Rod , Radar , Fuel , Achievement , Reactors

Detailed text transcripts for TV channel - FOXNEWS - 20120102:14:54:00

missile only had a range of 124 miles which really doesn't make it long-range in our parlance but basically this is a message that iran is sending that it is trying to project to ways. one is that iran is able to block the straits of hormuz if it wants to and it is self-sufficient and making its own missiles, martha. martha: they're testing something else too, right, amy? >> reporter: they did, martha. they produced and test ad nuclear fuel rod. now this is significant because they didn't have this before and when you question iran's nuclear program, even, martha, if you're just talking about its energy program, it has been enriching all this uranium which of course the outside world is concerned will be diverted to a nuclear bomb. if you're considering foreign energy program and iran only has one nuclear energy plant and can't produce fuel rods for it. if in effect it has made the fuel rod it does signify the

Message , Missile , Ways , Iran , Range , Parlance , 124 , Martha-maccallum , Reporter , Something , Test , One

Detailed text transcripts for TV channel - FOXNEWS - 20120102:20:56:00

the bush administration. >> we could see symbolic sanctions, but likely to see big sanctions against iran's main oil customers? it seems unlikely given that waiver provision in there. >>reporter: the threat of sanctions which appear to be the backdrop to all of iran's war games and missile tests and announcements about a new nuclear fuel rod, that it says it can now manufacture, has caused the iranian currency, shep, to drop in value, by 12 percent today. >>shepard: 12 percent is a big number, and thank you, jennifer, happy new year. and happy new year to you and yours, so many of fox people who you do not know and have never seen but are here by the hundreds have worked sear health insurance christmas away from their families and they missed new year's at homes and their kids. they missed it all to get this ready for you. and as one who sits in front of the camera and doesn't work very hard i am very thank will the they have done a spectacular job. that is it from "studio b" this

Reporter , Administration , Oil , Sanctions , Threat , Iran , Customers , Waiver-provision , Bush , Shep , All , Backdrop

Detailed text transcripts for TV channel - FOXNEWS - 20120102:16:26:00

nuclear program claiming to have perfect ad nuclear fuel rod needed for uranium enrichment. at the same time iran asked to resume talks with the united nations about its nuclear program. all this are signs that they are worried about looming sanctions that could target their oil exports, jon. jon: jennifer griffin in washington for us. thank you, jennifer. jenna: a lot to think about there. we'll talk more about this with michael zinc, former director of middle eastern affairs and director of washington institute for nearest policy. michael, good to have you again. >> hi, jenna. jenna: in the past you called these activities, firing of missile, gamesmanship saying they lack credibility s that the case here? >> well it may well be, jenna. this is the same country that has been shown to use photoshop to enhance its military accomplishments. and so we should view all of this with a little bit of a grain of salt. i think it is gamesmanship on both the military and

Iran , Program , Uranium-enrichment , Signs , Talks , United-nations , Nuclear-fuel-rod , Jon-scott , Lot , Jenna-lee , Sanctions , America

Detailed text transcripts for TV channel - FOXNEWS - 20120102:15:39:00

we've got? and they're going to point to a protracted message of failure. that's going to be the battle right down to 2012. i think the president has three significant challenges. even those who think the economy's going to get better expect it to be slow and modest. and the supreme court's going to make a decision on the obama health care reform in june of 2012, and it's going to remind every voter that he spent 15 months doing that and not taking care of jobs. and then lastly, he's got a referendum. so they're going to look back, not forward, and he's got to try to change that. martha: all right. you're right. i think that's the central issue, is the perception of how things are going and what direction we're heading in at that election time. doug holtz-eakin, we'll be talking to you many times, thank you, sir. happy new year and have a good day. bill: a show of force by iran, test firing a new missile near the strait of hormuz, and that is where oil is transported. what are the consequences now of this action? welcome idaho, where they grow america's favorite potoes.

Obama , Economy , Message , Battle , Failure , Challenges , Three , 2012 , Jobs , Supreme-court , Voter , Care

Detailed text transcripts for TV channel - FOXNEWS - 20120102:15:10:00

this manhunt involves 150 officers from several agencies including the washington state patrol, u.s. forest service and fbi. they also have a plane with infrared heat-seeking equipment. the suspect allegedly moving in and out of streams to try to cover his tracks. a tactical team says they've got a good track on their prey, but at last report he was way out in front of them. bill: the very latest on our web site at foxnews.com. we'll keep you posted on the search for that gunman. it's a breaking news story that's happening right now in the state of washington. martha? martha: the other big story we're on today, new threats from iran, a successful test fire of a long-range missile. there's a look at the video. so what does this mean for our security of our allies and here at home? we're going to talk to k.t. mcfarlane about this. bill: also thousands of dead birds falling from the sky in a small town for the second year in a row, same place. what in the world is causing this?

Manhunt , Suspect , Plane , Officers , Streams , Agencies , Equipment , Tracks , Us-forest-service , Washington-state-patrol , Fbi , 150