Peter Barns News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Minutes. back in u.s. the traditional indy race car drop pays tribute to the indianapolis 500 suspending a race car and dropping it instead of a ball. further south it is all about the orange. thousands turned out in atlanta, florida to watch the orange drop 120 feet. it was a color bowl celebration on the west coast invegas. new year's celebrations going off there about two hours ago. >> beautiful. >> new year new laws nationwide from gun control to hoover board safety. peter barns from our sister network fox business is here to break it down for us. peter? >> as the ball dropped thousands of...

Fiscal cliff. >> when john boehner is no longer speaker of the house. it will be fascinating to watch. thank you, bret baier. tune into special report as brett mentioned he has a live and exclusive many who are calling to be favorite for the next speaker of the house. the third person from the president. majority leader kevin mccarthy. and donald trump unveiling his tax plan today. he gave a little bit of a hint as to what would be in it yesterday saying certain americans would be exempt from paying taxes all together. simple, easy and fair is what he said his tax plan is about. peter barns ...

What do you think about that. >> i understand that. every other country have been wheeling and dealing and visiting the great beaches of cuba for all of those years. they have have been in true engagement in cuba and nothing has changed in cuba. it won't be the united states that will make cuba change. cuba has to change from within. the castro brothers have to go. we want freedom and human rights respected. this president is not going to get them to this point. martha: we are waiting for a news conference by the police outside of the navy yard where there is a strong presence. but it seems to...

A decade. >> fox business network peter barns explains what's happening and what it means for 2015. >> the u.s. economy could heat up in 2015 if millennials sell more houses and tractors in china and disney still has more to do with the animated hit "pro "frozen" short term moran gnaw towel in a franchise. >> economists are optimistic the economy will grow faster in 2015 at least in part because of lower oil and gas prices. >> it is something that is certainly good for families, for households. it is putting more money in their pockets, having to spend lesson gas and energy. so in that sense i...

That was a fly in the ointment somewhere. peter barns is here to tell us what's happening and why it looks like a green christmas here. >> it does. a santa claus rally. beyond that gdp number was the best quarterly showing coming well above economists forecasts. that helped the dow industrials close above 18,000 for the very first time, it's up 8% this year and that gdp report was for economic activity over this past summer before oil and gas prices really started to drop. that's just one thing that should help fuel growth in the economy, incomes and jobs in 2015. >> reporter: the u.s. economy...