Our Security Panel will tell us big business is on the right path. President trump working on his new 200018 agenda again. Plans to make it easier for people to get cheap healthcare. All the tax as experts race in. We will tell you how you can do it too. Hollywood may need to use the force to turn its business around. The last jet i still wont be able to say a horrible a Box Box Office for 2017. And the Kim Kardashian effect extend to wall street. Healthcare in Technology Stocks leading the way. We are less than an hour the closing bell. And some breaking is to bring to you right now. At least ten people have been injured the russian News Agencies are reporting that the device containing about 200 grams of explosives went off in the storage area for customers and bags. Bags. No one has claimed responsibility for the explosion at this time. We will keep you updated as we get more details coming in. Meanwhile here at home on wall street the markets losing steam heading into the final hour of trade. But still we are looking to add to the weekly winning streak. Right in front of your eyes. Take a look at some of the winners. They are doing something at this hour. This 24 hours ago of the stock was doing pretty darn well. It was now the worst performer. Macys is a stock to watch. They are also hitting the brakes on tesla. They had slashed the fourthquarter forecast by nearly 70 . Is pretty rough. The bombshell downgrade coming just one day after elon musk promise on twitter and electric pickup truck that would challenge the best selling truck in the u. S. A big dream we will see if we can make it a reality. As been one of the most popular selling trucks for decades. Lets focus on whats happening in the next few days here. The preparations in times square are in full swing at this hour. It was lifted into place earlier today. Are we as we are getting some new threats from isis. One of the biggest targets of course. Plants have the most heightened security ever this year. But the big apple is not the only place tightening security today. Disney resorts have announced new Security Policies which will include removing all do not disturb signs. There is a question here about privacy. Are there security measures enough to keep the public and the hotel guest safe. He is also the former nfl chief Security Officer and dave shepard is here. Gentlemen, its good to have you both here. Dave i want to start with you on this issue of the hotels and then we will get to times square. Is not saying why theyve made this change. That shooters room was not entered into by hotel staff for a week. You look at the safety of people. If they mesh together is their decision to do. If other Companies Start to follow suit the same way. You work for the nfl security of course. This is a very interesting move by disney. Do you think they need to really step up the game when it comes to security. I am a big proponent of making sure all of the hotel staff maintenance staff all of them are trained in what to look for. That they then need to report up through their chain and it needs to be resolved. I think that is a step in this direction. Certainly someone who is planning an attack may be deterred from utilizing a hotel room to launch the attack if they know that that room will be entered at least once per day. It does give you a chance if you train your employees properly to disrupt a potential attack before it is launched. Lets move over to the issue of whats happening here in new york city. Unfortunately they had put out a new video and it basically showed drunken celebrants. They are calling out to their followers. Isis itself has all but been destroyed. How worried should we be about new years eve and security. Right now we head about every Law Enforcement agency is gonna be present. A lot more coordination is going on. Anything that has happened now we have more people that arent sitting by their actually helping their fellow men to go ahead and get through these situations. Weve had to attack here in new york city and is the last few months. One at penn station here in new york city. Several people i didnt didnt lose their lives. Both people that were living here in new york city. It is pretty fair that new york city will be on high alert on new years eve. Is one of the most but professional Police Organizations in the world. They have the resources to throw at situations just like this. But what i think we need to focus on away from up place like new york. Any type of a new years eve celebration if i could to say two quick things that people need to be looking out for and that is separate separating vehicles and pedestrians. And making sure that you dont allow someone to carry a bag capable of concealing an explosive device into an area where people are gathered in mass. If you have it screening process on the outside of that then people can take reasonable size bags in. A vehicle ramming attack that we have seen 70 times around the world. They have frankly gotten very good at using whether it was for the marathon or the macys thanksgiving day parade. They had been on their a game. Thank you very much. I appreciate it. The bone chilling weather is a hazard to your health today. Your brutal temperatures you brutal temperatures all across the country. The wind chills are falling into the teens. And even lower in some states. We hope to get it for next year. They might be shattered. 200 plus points. We heard from that producer it was negative four in chicago. Like you said in your intro you do worry about the health and safety of people when these temperatures get so low. Not only are we maybe not going to hit that if calls for next year. It has been a spectacular year for a lot of folks a rising tide has not flowed at all. Youve have a pretty good year. I wouldnt really worry about the next few days. The positive outcome for the tax bill. I would say on balance clearly and there are some tax maneuvering going on this week. And may be in the early part of january. People would be switching some profits into 18. Any sell off will probably be a pretty good by opportunity. But the seatbelt on and hang on. I think we are going higher. We like that idea. Phil, let me ask you about whats going on with the oil markets. What is interesting about the production story is we still import about half of all of the crude that we use in the united states. We are still a dependent on dependent on what is happening overseas. And even more so as u. S. Inventories had fallen in a record pace this year. It was just a few months ago where we were talking about all my gosh weve so much oil we wont get it. About a hundred Million Barrels in less than a year. That is incredible. Weve never seen that kind of a drawdown before. And its not just a u. S. Phenomenon. We are seen it around the globe. And the reason is it is demand. Global economies on fire. Its one of the reasons why they are as high as they are. We are still close. Stay warm. Lets take a look at the big board one more time. Again it is nice to see these markets. He has been an incredible year of trading. Hollywood is in the middle of its own or a story. The summer blockbuster season in years. Can anybody say baywatch. They also get people here are reason to have to the theater. Are they ready to fight back. Weve Claudia Cowan coming up with that story. It has been the fractures versus the salaries. Could there be a shift in the new year we will look into our crystal borrow ball annex. Republicans close at 2017 with a big tax victory. Can they carry the momentum into the new year. I just finished months of chemo. But i dont want to talk about months. I want to talk about years. Treatments have gotten better, so. Im hoping for good years ahead. Thats thanks to Research Funded by the American Cancer Society. The same folks giving me free rides to treatments, insurance advice,and a place to stay during chemo. I need that stuff like you dont know. And now that you do, please give. Call 18004164357 today. Your contributions to the American Cancer Society fund valuable research but thats just the beginning. A cancer diagnosis can kick off years of challenge. And thats where your donation truly shines. You help us fund free rides to treatment. A live 24 7 help line, free lodging near treatment centers, and even efforts to expand access to insurance. So, please donate today at cancer. Org and help attack cancer from every angle. When it comes to travel, i sweat the details. Late checkout. Downalternative pillows. And of course, price. Tripadvisor helps you book a. Hotel without breaking a sweat. Because we now instantly. Search over 200 booking sites. To find you the lowest price. On the hotel you want. Dont sweat your booking. Tripadvisor. The latest reviews. The lowest prices. Or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. U. S. Crude Oil Per Barrel today. Even if these prices. Crude prices up more than 16 . The oil forecast said that they will increase oil revenues. They said it will come from charging 75 per barrel. What is Energy Outlook from 2018. Great to be here. Weve seen them make a lot of rosy forecast before. That aside what you make of this 75 dollar per barrel target that theyre putting. If to keep in mind the only reason why we have longterm economic form is to have it look respectable. We have to keep in mind how the market has changed. The elasticity of demand. We have definitely have the peaks and troughs in this market. And that as a substitute. And of course what im talking about is the growth. They are well above 10 million per barrel. That said as we wean ourselves off of oil lets keep in mind that the major u. S. Oil companies in the west are now rebranding themselves they are no longer identifying themselves as Oil Companies but rather natural gas companies. In the Seismic Shift now we are getting ourselves away from crude oil. You mentioned saudi arabia. It is the ritz color too. They want him to fork over 6 billion. What do you make of what you are seen in saudi. Could this destabilize the oil market anyway. That is the biggest black swan. You also have the growing rift of them differ dislocating themselves. What we have seen over the past two and half years as it begins to grow. And weve already seen this. When the Obama Administration gives iran the green light. Youre gonna see this continue to grow. We can see a Greater Coalition between each side. For the potential upheaval. Stephen thank you very much. Its good to have you on. Take a look at the dallas 30 right now. We are going to be following the stocks. About 30 minutes ago. Two more of it dealership. By teaching more people they are down a little more than one and a quarter percent. In hollywood they are to the domination. Its not enough. And since a town about to change the way of the business. We alive report straightahead. Think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp let the past and i he just said. Should hollywood be taking his advice. It stays in the global block box office. From a horrible year. Tinseltown revenue dropping by 2 for the year. Claudia cowan is here to tell us about such the big client declined for the industry. It is not the kind of ending that hollywood likes to see. A more platforms more than any other time in history. While the Movie Theater experience remains essential is not the only game in town. They are facing filmmakers. They now had more tools to help them decide how to spend their time and money. Internet buzz. Fight like rotten tomatoes. They know its gonna be good before it opens. Netflix thats a great point. Its not just the movies that attract audiences. Todays audiences are looking for an exciting experience that is better than what they get if they get a movie at home. A lot of it has to do with the theater. Premium premium premium. You have to have that fancy feet. When you are in a complex that is kind of old in a cruddy and the seats arent so hot. You notice that is the severe pain 15 bucks. One movie they are wanting to see star wars the last jedi its on track to receive 1 million in ticket sales. The biggest movie of the year. Thank you so much. It just makes me happy. A box full of stocks. We have the midas touch when it comes to investing. Just four days left until the end of the year. Take a twinge of super tax holes. Building a website in under an hour is easy with gocentral. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. The clock is ticking for those who are rushing to preach pay their property taxes on january 1. Take a listen to what he called the gop tax plan as it involves homeowners. They would be more difficult to maintain. They can finally begin to write in spending and tax. It might be a gift eventually. Thats good to blake burman who is outside the white house. They are considering rewriting rules i cant wait to hear about this. The administration with the year the white house over the weekend say that they might dip into executive orders. Maybe they could work with democrats and republicans on a way forward healthcare. The latest report of the acknowledgment of the trumpet menstruation they are considering at least rewriting some of the rules so they can make it easier trying to lower the payments. That could come in january would have to see whether this develops when the president gets back here to the white house next month. We are following something that is happening all across this country right now. That is taxpayers especially homeowners who are considering prepaying their 2018 property taxes. About 6 miles north if you go into montgomery county. This especially touches those in the high tax states. New york, new jersey illinois who are essentially homeowners. Now to pay their 2018 bill to bring as many deductions into the fold this year. He is never seen anything like this. Making prepayments. It turns into a trickle and then a stream. We did not anticipate that. Today much less. The new jersey governor following suit as well. I could decipher myself my property taxes are 41,000 per year. I was able to fully deduct us. I can only and i can only deduct ten. Some owners for the federal government come next year this could mean a slight lowering and revenues potentially. Well had to see how much. And from homeowners it remains a call your accountant scenario. They are pretty busy this time of years. Its true. It gets a crazy. Blake burman think you so much. While the historic tax or from measure plans to benefit working families and boost job growth. Big loans from big homes jumbo mortgages they are called. Could be her under the new tax bill. They are finding their getting the short end of the stick they do business and they are two businesses that are can have i can have a huge fourthquarter hit. Do companies have a case against the tax reform plan. Good to see you. Glad to be here. Let me start with that letter question. Do now because of u. S. Tax reform. Could should they be concerned and the Global Growth is actually going to slow. Because of what we are doing in this country. As with many things we can have to take a wait and see approach to see how the implications are going to play out as the slot just went into effect. The ramifications of it are going to be trickle out. And we will see some of the maneuvers that Companies Make and corporations make. And make investments back into employees. Others are making headway as to how they are going to handle the new Corporate Tax rate that will be dropping. There will be some cash flow. Or it could be bad news for investors depending on how it plays out. Maybe in the longer term this would be good for us in the operations. That is a hit for the earnings. Lets talk about some things that people can do. Obviously everyone is trying to figure what it means for them. Its a lot to go through. But you say that there are some things that we should really be looking at incarnate including the earned income tax. 6,318. That is one of the things that we should be looking at. If you are a huber driver. Lets talk about some of these things. There are certainly some things as every year we get to this they get to figure how to make that provisions for the 2017 tax bill. A lot of the things that you can do one of the things that they estimate is. It puts a lot of money in the low to middle income earners each year. As a newbury driver for instance. Some of the things to Pay Attention to those are scheduled to go away under the new tax provision. You want to make sure that you include all of those this year. I think its good advice to go through those things now weve talked about it on the business network. Now is a time before the end of the year. I want to ask about what the bill could do to charities. There wasnt really interesting la times oped about the tax reform bill and it basically said that charities will be devastated because of the gop tax reform bill. Those that are wealthier are can have the incentive to get. Well had to wait to see how that plays out. The itemized deduction will be rising. Its only 30 of taxpayers they already took the standard deduction. That is the impact that we are looking at. Do you think of the the business will be heard under that. You can deduct the mortgage interest for up to a million dollars. All of them would be grandfathered in. Over 750,000. A lot of banks have been chasing those buyers and thats can hurt on the banking side. A lot to go through. Not this year or next year. Take a look at the big board. We are up seven points. At to 75 in change. We have a warning to you. Why it is supposed to protect you from. Every day at 5 00 a. M. Right here on foxbusiness. Everything you need to note know before the opening bell rings. Countdown coming right back. Pul, its a race against time. And keeping it in the right conditions is the best way to get that fish to your plate safely. dane chauvel sometimes the product arrives, and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. tom villa we took our world class network, and we developed devices to track environmental conditions. This device allows people to understand whats happening with the location, but also if its too hot, if its too cold, if its been dropped. Its completely unique. dennis woloshuck if you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. Who knew a tiny sensor could help keep the food chain safe . Could the fda because in you to get sick. The department of health and Human Services feared the majority of the countrys food is so slow that it can take several months for unsafe products to be more details on this disturbing report. It is pretty disturbing. From dangerous and contaminated food. The fda is not tracking recalled products to make sure stores are removing them from the stock and also to make sure that they arent shipping them out. They used they missed the audit. 80 of the time. It can take up to ten months for stores to top to stop selling foods it took 57 days for recalls a start. To start. Sometimes with deadly consequences. Listeria was found in cheese products one infant died and two pregnant women lost their unborn children and another and since the fda told a Dietary Supplement Company one of them was not safe for consumption but the Company Continues to give out free sample of the product for eight months. The system they had set up is not working 80 of the time. Its relying on companies to selfreport contamination and also voluntarily call up for recalls. They have not been doing their job and affirms in some cases have been uncooperative and hesitant to pull their products from the shelves the commissioner said the reforms are in the works following this report one big change that a lot of Safety Advocates are calling for is asking them to release names that are selling recalled goods. So far they have not. Is really to read. I hope they can figure this out. Hillary, thank you very much. Lets take one more look at the closing bell. Weve 11 minutes to go. Right now were up by four. In this. We have a best husband a look keeping up with the kardashians and getting a shout out after they get hundreds of thousands of dollars for blue chip stocks for christmas. Will analyze his portfolio straight ahead. He gives me this little box and im like thanks and then i open the next box and it is stuck to amazon where he got that gift card. Stock to apple. Adidas the stock. Achoo snap achoo snap achoo achoo snap snap achoo achoo feel a cold coming on . Zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45 . Shorten your cold with a snap, with zicam. I just finished months of chemo. But i dont want to talk about months. I want to talk about years. Treatments have gotten better, so. Im hoping for good years ahead. Thats thanks to Research Funded by the American Cancer Society. The same folks giving me free rides to treatment, insurance advice,and a place to stay during chemo. I need that stuff like you dont know. And now that you do, please give at cancer. Org the closing bell will be bringing in about seven minutes. They actually just turned a positive to end the day. Up by 12. S p nasdaq is higher again. So far this year nasdaq at a new year high. It is time to return all of those ugly sweaters that your grandmother gave you while retailers take a huge hit from richards one group is celebrating because it means more business for them. Gerri willis, who is it. Ups and fedex they benefit from all of these returns. They have a Holiday Shipping season. It went very well indeed. Theyre very happy about that. They did not share big numbers on this. Mastercard spending plus did give us numbers and they said their Holiday Shipping is because online sales were up that much. Returns are new high as well. 90million in returns think about that. That helps the companies as well. We are returning it because it doesnt fit. Companies make money either way. And they are doing very well. On the floor of the new york stock exchange. When it comes to Holiday Gifts kanye west has no problem keeping up with the kardashians. The wrapper put the stocks in the Stocking Stuffers for his reality superstar wife with hundreds of thousands of dollars. Pretty big names. Apple, amazon netflix and adidas. Hank smith is there to analyze that. I bet you never thought youd get that question. I absolutely did not. I hope its starting a trend. I could not think of a better gift. Just give me stocks. Lets talk about this. I hundred five instagram followers. What did you make of the choices. Did you like the Technology Names that he picked. I agree with you the Blue Chip Companies lets start out with the fact that they are highquality companies they are not speculative companies. The odds are that she could be a longterm shareholder. Its really concentrated in technology in consumer x score discretionary. It is very hard to get a lot of diversification when youre just giving a hand full of stocks i would so give him high marks. What you think is missing. There is nothing in what you would call the defensive areas of Consumer Staples or healthcare they are all companies that do better in an economy that is rising they are probably not going to do as well with an economy that stalls or even contracts a little bit i dont think we have to worry about that for the next year and half to two. Do you think that he paid good prices for this. You can argue that netflix is a tad overvalued and it should be clear. Who knows that. It couldve been a while. Or the prices were last week. Disney was attractively buried. Apple is cheap in our view. And its debatable. Netflix probably a little bit pricey. I keep saying even that weve have a flat day for the markets we were in the red earlier. Even up by 21. Let me ask you in general people are now asking that double digit return trend. How do you answer that question. I think we might youre going to get 10, 15 more earnings power on tom of whats already there. In an economy also growing a little faster. So without any p expansion next year, you can still get a return on low side of 10 and maybe 15 percent on the high side. No pe expansion. Thats a good set up for the market going into the year. On top of that, all of the backdrop for the market is strong. Cheryl i mean, the market gained obviously we didnt really see markets kick in until two months ago many Market Participants said you wont get tax reform. Now they got it. What do they do with tax reform in 2018 . I have about 10 second. The only thing to worry about when will we see volatility because weve gone extraordinarily long time without it. [closing bell rings] at some point well have it. Cheryl we didnt have it today, hank, thanks so much. Were closing in the green on this wednesday. Send it right over to david asman. Lea gabrielle after the bell. Lea another nailbiter heading into the close. Hanging on gains in final moments of trading. Dow closing higher by 25 points. Record highs in 2018 and nasdaq turning positive as well. All major averages on track since 2013. Im Lea Gabrielle in for melissa francis. David im david asman. Glad you could be here. This is after the bell. More on the Market Movers but here is what were covering this hour. Simplifying the tax code, may not turn out that simple. Seems like there are a lot of loopholes
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