You can see crowds starting to choke the area just one block away from our fox business studios to time square where police are you know what . Lets call it cautiously optimistic but well see safe event end of 2015. What you dont see in this shot, Police Snipers on rooftops and more than 1,000 police cameras. What will you see . 6,000 Police Officers on site to secure the area and maintain order. Former chief of staff general jack keane has the threat analysis. Live with us. Also breaking at this hour. The man who made nbc a lot of money in the 80s and 90s playing the ultimate dad, charged with Sexual Assault. Bill cosby has been relieved of his passport at this hour. He just left Court Moments ago. Those are the pictures of him. Hes being assisted by his attorney. He had to answer to a pennsylvania judge the charges. Cosby posting 100,000 bail, surrendering that passport. We have the latest developments in just a moment. Recording flooding in missouri. The situation is expected only to get worse. Were going to have a live report from one of the towns hardest hit. Now, while Mother Nature is killing the ski industry but their fortune may be charged. Where theyre not waiting for nature to ice the mountain cake. And a fox business exclusive. We have infiltrated the milliondollar view of the new years eve ball drop in new york city that will set you back 400 at olive garden in time square. With or without the breadsticks. We have the chair now known as the front seat. Its a countdown to the st. Louis. And catalyst for the markets today, black gold is dump winning so as the Dow Jones Industrial one hour and one trading day left to turn it around. Stay with me were less than an hour away from the closing bell. Lets start the countdown. Liz just under seven and a half hours left to trade in 2015. Were so glad to trade, its looking less likely that the dow will close in the green. Now, it ends the year 17823 would be were at 17,660 now. Not there yet. The s p needs to be at 2,059. The nasdaq needs to be and already is above 4,736. So that is the good news the nasdaq coming through for us. Right now you can see the markets lower today, but that s p 2,070, all vectors down today but names like exxon mobile, chevron are all lower. Youve got morgan down 4 and we have a winner. Carl icahn has defeated bridgestone in the battle over pep boys. Bridgestone declined. To top the investor 18. 50 an offer, you said you can take it, uncle carl. Has been the company to buy. And total he paid about 1 billion for the company as well as a 40 million termination fee to bridgestone. Pulling back about two and threequarters percent but icon interprices is up just a fraction. Speaking of just. Just in time a major crack down on terror foiling two isisrelated attacks that were set for new years eve. First in belgium breaking news as i mentioned at the top of the show. Brussels canceled their new years celebration. Comes after two attackers planning a horror show just like the one last month that killed 130 people. Police found propaganda inside the suspects homes. Now, to turkey a pair of suicide bombers who were planning to target new years eve events. Back in the u. S. A different story were thankful to say ahead of time square new yorks top antiterror chief reassuring the public there will be no safer place than tomorrow night in new york city. Listen. Theres no Police Department in america that can match what we can put out on the street. Those 6,000 officers will be here. And just about three or four Police Departments in the United States. We are very, very confident that new years eve in new york city will be the safest place in the world to be. 500 specially trained Counter Terror officials will be on the scene. But we want to bring in former u. S. Army retired general jack keane. Jack, i have to ask because where there is smoke, there is fire. We go to belgium, turkey, and you see that there are four people. Does that mean like cockroaches there must be more. Well, certainly in belgium thats the case. They wouldnt shut that down if they didnt have intelligence likely from talking from these two individuals theyve got in custody that theres Something Else out there. To be to public about Something Like that and tell the people that they fear for their lives an event like that means theyve got good intelligence. And, listen, both of these lets give them credit here. In both places in turkey and also in belgium, good police work, good intelligence to stop these events. Yeah. Liz and the other thing that it benefits from has sent an alarm bell out to every targeted isis country in the world that this threat is real, reminds everybody about determination, focus, and thats a good thing and certainly happening here in the United States. Liz to time square. And weve got live cameras across the United States, looks like a lot of excitement in the area. But i have to say, you know, this in ypds first rodeo but the backdrop of the San Bernardino murders, the paris murders, its not surprising theyre pouring all the effort into these areas, bombsniffing dogs, rooftop patrols, theres a limit, though, to what new york city can really do . Well, theres a limit to what our Intelligent Police can do. Certainly. But some really good things have happened here as a result of San Bernardino and isis at large. And there are absolutely the best intelligence we have because they will be usually closer to this terrorist before the act actually take place. So thats a good thing. Theyre on their guard and certainly at major events like new years eve celebrations, we can put lots of police. But lets be honest. This terrorist threat can find groups of people very easily in any place in america like San Bernardino. Liz and theyre smart. They go for soft targets that people arent expecting. By the way, a lot of people going to the theater. Every broadway theater is doing bag checks right now. But lets take it now to another pretty significant hot spot and that would be the straight move. And we dont want to ignore this because iran came within 1,500 yards i believe of striking a uss ship. You have the Theodore Rose very late. This is the third type of incident, this aggressive incident that iran is trying to pull off. Does it really signify that the Iran Nuclear Deal basically leaves us i hate to say it but as fools and with the israelis shaking their head saying told told you so. Let me get to that in a second because i want to finish something in the last segment. The American People are very much away of this threat. They understand it, theyre intelligent, and they also balance it against what is the likelihood of impacting on their lives. So the good news is given the strong constitution the person people have, theyre going about their lives and thats why theres going to be the crowd in time square and theyre going to go out and do what they normally do and thats a good thing, and it says a lot about who we are. Based on who the iranians are up to. Listen, this thing certainly is provocation. But heres why. The iranians told me if they were doing a war game, they would do this when theres no ships around. But they want the message, they want the publicity that they got around u. S. And french warships. Why . Because theyre sending a loud message to the gulf states and to their allies, principally the United States that theyre taking the gloves off now that the nuclear deal is done. And they are back on message and back in play trying to achieve their strategic objectives in the region, which is regional domination. The two missile test firing that took place a few weeks ago. Further testimony of what theyre truly up to. Liz yeah, i agree. It just shows that the un in a way has been duked. I hate to say it. But, general, great to see you. I wish you a happy new year. Same to you, liz. Happy new year. Liz traders and investors, you have just one hour and one session left to close out your positions for 2015. So what is the trade thats just under the wire . Lets get right to the floor, traders of the new york stock exchange. Okay, sergeant, you get first crack here. What are you buying in 2016 . We have to stick to consumer here, i like the staples over the discretionaries because i think people are going to have to borrow a little bit more to maintain their standard of living and stay away from health care being that this is an election year, and its going to fight over. Liz yes. I like that. Definitely, but i look at these consumers names, theyre swimming right now. But when you look at the tiffanys and the coaches of the world, havent they been in rubble . Yeah. I think youre going to be buying things like food and clothing. Less video games and luxuries in 2016. Liz by the way, speaking of later in the show i dont know if you play video games, either of you guys, but its now the Virtual Reality game for 2016. And were going to give the names of the hottest Virtual Reality investments. You have to stay tuned for that. Chris, to you. Is it treasuries . Is it commodities that have been beaten down . Or is it Something Else that you think will be the big trade of 2016 . Well, you have to look at the commodity story is wellknown, at sixyear lows across the board. Thats something that i think the money flow is going to watch. Also if you look at where the stock is. Were still very close to record highs. The s p flirting with 2,100 level, the dow trading with around 17. 8. 18,000. Liz uhhuh. I would anticipate moving forward. Its going to be election year. Probably going to see more volatility. Weve been at the 800 trading range in the dow for a while. Around 4. 5 . So i would look for moves in commodities, and i would look for continued volatility in these stock indexes as we knead an election year. Liz are you guys both working tomorrow . Because i am. Ill be working. I am. Yeah. Absolutely. Liz great. There you are. Were the hard ear bunch here. So good to see you. Chris and steven robinson. Were 48 minutes away. The dow down 63 points. Americas favorite hot tv dad isnt in hot water. But in boiling water. The charges against bill cosby as he showed up to a courtroom in the last hour relieved of his passport. Surrounded by the media. How much prison time could he be facing . And for what . And its been all downhill for eastern ski slopes this year. Make that uphill. But the recent weather may be a change of fortune. Theyre not waiting around. Theyve been struggling too long, so theyre celebrating in a different way. Pulling out the big guns. The snow guns. Taking you there live. Countdown to the closing bell. Well be right back we live in a pick and choose world. Choose, choose, choose. But at bedtime . Why settle for this . Enter sleep number, and the lowest prices of the season. Sleepiq technology tells you how well you slept and what adjustments you can make. You like the bed soft. Hes more hardcore. So your sleep goes from good to great to wow only at a sleep number store, find the lowest prices of the season. Save 600 on the 1 rated i8 bed, plus no interest until january 2018. Know better sleep with sleep number. Some of these experimentsere notmay not work. Il. But a few might shape the future. Like turning algae into biofuel. New technology for capturing co2 emissions. And cars twice as efficient as the average car today. Ideas exxonmobil scientists are working on to make energy go further. No matter how many tries it takes. Energy lives here. You premium like clockwork. Month after month. Year after year. Then one night, you hydroplane into a ditch. Yeah. Surprise. Your Insurance Company tells you to pay up again. Why pay for insurance if you have to pay even more for using it . If you have Liberty Mutual deductible fund™, you could pay no deductible at all. Sign up to immediately lower your deductible by 100. And keep lowering it 100 annually, until its gone. Then continue to earn that 100 every year. Theres no limit to how much you can earn and this savings applies to every vehicle on your policy. Call to learn more. Switch to Liberty Mutual and you could save up to 509. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Liz weve got this breaking video just in. Americas once favorite dad bill cosby exiting a courthouse in elkins park, pennsylvania. He had to post 100,000 bail after being arraigned in a pennsylvania courtroom on Sexual Assault charges. Also had to cough up his passport on fears he might leave the country. Here are the charges. They stem from a 10yearold complaint by a former employee at temple university. Her name is andrea. Her accusation that the comedian drugged and violated her at her home in philadelphia. She was there, he told her to give her wine and take three pills and she doesnt remember. Charging the comedian in 2005, the case has been reopened following new evidence and misconduct claims by dozens of other women. Cosby could face up to ten years women on indecent assault. Cosby has in turn sued seven of his could you sayers saying theyre lying and hurting his reputation. And the iea, the energy administration, it reported that inventory surprised were so shock shocked rose by 2. 6 Million Barrels in the last week. Analysts were expecting a decrease. But Oil Companies and oil pumpers have not been able to show religion at all. They keep putting out too much. Ready to make a bold contrary and one of the smartest in the business. Everybody think so its going lower and lower because saudi arabia refuses to cut its production, the u. S. Keeps producing but youre are ready to say what . Where is oil going next . Well, i think the first looks really sloppy down to about 32. 50. But by the end of 2016 and into 2017, i think well get to 50 a barrel because supply and demand will start looking better in balance. Liz why . Ive heard that all year. Supply is going to look better. Suddenly people will realize if we want prices to go higher, we will stop producing as much, and then they dont. Well, i think if you look from the producer side, theyre really running out of money. They no longer have hedges that cushion them from the fall in 2015. The banks are cutting credit, thats going to continue into 2016. Some drilling has been occurring so that they preserve their leases. But they havent been completing their wells. So actually i think in the u. S. Were going to surprise to the downside as far as production goes throughout 2016. On the other side of the equation weve got demand. Demand was great in 2015. It was up 3 in gasoline in the u. S. Worldwide up 1. 8 Million Barrels per day year on year. That trend is going to continue and if you look around the world, were seeing really good demand from china, india, elsewhere in asia and here in the u. S. Liz were ending 2015 with extremely low prices at the pump. I believe today the average price per gallon was pretty much an even 2. That is great for the consumer. This is an old conversation. Terrible for the companies. Help us make money right now, andy. Who does well . Is it the big integrated oils like exxon mobile or is it the Oil Services Companies . Or to me i look at the refiners, and i think that might be the place because there arent a lot of them. Its hard to build new refiners. Well, the refiners are going to have a good 2016. Maybe not as good as 2015. Liz do i buy. I would like at buying some of the independents, yes, like the valero, phillips, i think theyre going to perform well in 2016 because on the back of gasoline, demand is so good. Thats going to help them. On the integrated majors the one thats going to survive obviously is exxon. The other producers im very concerned about, you know, pulling credit from the banks and not being able to go forward, and they may go down as a group. On the oil service sector, i would just stay out of it completely. Liz uhhuh. These guys continue to be squeezed on price concession. But not only that, the high cost areas such as the arctic or canada or deep water drilling, theyre still going to be under pressure so that Companies Like transocean, its hard to make a case that these deep water oil rigs are going to be employed in 2016. Liz yeah, i remember it was a hot trade of 2017 and 2014. I would say velaro right now is the only name higher today. Andy, happy new year. Good to see you. Happy new year to you, liz. Thanks for having me. Liz and in a year ill bring you back. Fifty dollars by the end of 2016. Andy, thank you to which. We have the closing bell 39 minutes away. Drivers, droids, dinosaurs, and dominatrix . Those were the four themes making 2015 hollywood hottest year. Were going to tell you how much pulled in and what they expect next year. From the holiday heat to the ice and snow. Jeff flock in wisconsin slow out of the gates. Jeff as he wipes off the lens. Liz, i dont think you can. The snow is flying for the first time all year. But its not god. Its man. Coming back. ,. Liz okay, forget gray. Try 50 shades of green. It has been recordshattering year at the movies. Major blockbusters propelling the Domestic Box Office to recordsetting 11 billion. What got us there . Jurassic world, scoring biggest debut weekend which brought in 650 million. Little bubble they were like a hamster rolling around. However, this was squashed by drum roll, any guesses . So obvious. Star wars. The force awakens. Already more than one billion dollars raked in. Maybe a alltime record when they open in china. What are the Office Box Office hits . Furious 7, inside out. But lets not forecompetent the dominatrix named fifty shades of grey. That brought in millions and millions. It was so cheesy, so bad. All right. Maybe you liked it. Tweet me, liz claman. Liz claman our facebook page. Can i say my name enough here. Im liz claman. I finally did see fifty shades of grey. And it was 50 shadesshades of caka. Maybe weather had long irgolf season, it has been a tough season for ski resorts. Inin the midwest, colorado rockies, resorts are unable to open due to lack of snow. That may change soon. When the going get tough, the tough go to jeff flock at wisconsin ski resort. I cant even see you. Show me you. Reporter like were in a blizzard here but its not gods blizzard. It is mans blizzard. You know, im behind the snow guns. Maybe if im down this way, maybe you san see me. Listen to this, liz. Take a listen. That is the sound of water and compressed air. Together, they make money. Actually they make snow. Finally they will start making money for the guys at these snow resorts in the midwest and in the east. Take a look at a map. Tell you, im up to my knees now. There was almost no snow here this morning. Take a look at a map. Northeast, places like boston, cleveland, indianapolis, to the midwest, zero snow on the ground. Real snow as of yesterday. We had some snow yesterday. But out west they have gotten some. But ill tell you, places like this they had none. They couldnt make any because it was so warm. Now we have finally gotten to 31 degrees. So we can finally start to make snow. This is what is it looks like. That is a snow gun. Ill tell you, can walk into it. And it is like being in a, being in a blizzard right there that is what a snow gun will do. At any rate, this is good news for the snow resort stocks. Takes a look at some of the big ones like vail and peak resorts. Up to today some have not done well. This i think bodes well for the future. Im out of breath. Liz youre walking like sasquatch, jeff, so you know. Reporter it is deep out here. What can i tell you. Liz you and raki are intrepid. He stands right in front of a jet like a little kid. Jeff, we love you and the team out there. Thank you so much for bringing us that story. Finally denver got some snow. Of course colorado is finally getting up to speed. It has been very tough for resorts like intrawest and vail. Closing bell, were 30 minutes away from the exactly last trading session of the year. From snow to floods. We do have record flooding t may have stopped raining but these waters are rising, falling, rising even higher. Devastating communities and business is right now along the mississippi river. Well take you live to the scene for latest what are now deadly floods. Donald trump back on the campaign trail today, again threatening a fullthroated attack on bill clinton if Hillary Clinton tries to call him a sexist. Our Political Panel on whether that sexism strategy really works considering bill clinton was one of the most popular u. S. President s in the last 50 years. And lets take you live, back out to times square. New york getting ready for a big new years eve countdown. We have our own county countdown on fox business. Thanks to you guys. We have our own 400 chair at the olive garden. Youll see. We live in a pick and choose world. Choose, choose, choose. But at bedtime . Why settle for this . Enter sleep number, and the lowest prices of the season. Sleepiq technology tells you how well you slept and what adjustments you can make. You like the bed soft. Hes more hardcore. So your sleep goes from good to great to wow only at a sleep number store, find the lowest prices of the season. Save 600 on the 1 rated i8 bed, plus no interest until january 2018. Know better sleep with sleep number. Liz all right. Breaking news. We lost another 40 points in just a few minutes on the Dow Jones Industrials. Make that 60 points. Were suddenly taking a leg down. Excuse me for a minute. Apple down 1 1 3 . These are the laggards. Minnesota mining and manufacturing down a percent. Exon mobile. It is oil, apple, which has been a little bit of a problem. Although as biggest drag on s p and nasdaq, it actually has done pretty well overall when it comes to selling phones. Millions and millions and millions. The dow is swooning. S p down 16. Nasdaq down 40. In about 32 1 2 hours the famed times square new years eve ball will drop. Theyre hoisting it up. Theyre testing it. One of the most spectacular major spectator events in the world, frankly not just new york city. Earlier today, the Waterford Crystal ball had a successful test. One Million People plus are expected to clog to choke into times square to watch 11,875pound ball drop. We know that will be a pain. You dont feel like standing. Youre a little bit cold. You have to go to the bathroom. Youre hearing about places pay a lot to hang out with us. Just a measly 400 per person to party in the olive garden in times square. We sent out one of our producers to scope it out. She found the best seat in the house. She got inside. That is the 400 seat with the Million Dollars view. No breadsticks though, at the table. You dont get allyoucaneat. There is jan. Walked in. Sat down, took the picture, 400 for that seat alone. Look at this. This happened earlier today. A man driving his truck got stranded in st. Louis floodwaters and had to be rescued by emergency services. As you know winter storms are causing rivers to rise from texas to illinois, flooding fields, and roads. They were able to rescue him as his truck continued to get swamped by floodwaters. Dramatic but successful. 18 deaths blamed on flooding in missouri and illinois. Joining us live from one of the worst hit areas, west alton, missouri, is matt flynn. What are you seeing on the ground . Reporter liz, weve been here all day. Were watching water steadily rise. This would have been the edge of the water line. Now it is up to nye knees. To give you example of magnitude of this flooding. Behind my is the intersection of interstate 44 and route 41. Water is inching closer and closer to the top of the traffic lights. Behind the traffic lights you see interstate 44. 24 miles of the interstate are closed. You can imagine the traffic nightmare that is creating. More importantly is peoples safety and homes and businesses. Unfortunately to my left is rather saddening scene we watched as workers rapidly try to, built that wall of sandbags, entrance of the gas station there. Now the Business Owners are sitting back and hoping for the best. To the left of that gas station, a less fortunate scene as the taco bell, Steak N Shake and other restaurants are well underwater. They will probably suffer unfortunately a very large loss. To my left, see the propane tank, silver propane tank. There were firefighters checking on the status to make sure it doesnt float down the river for obvious situation. Water continues to rise. It may not crest until later tonight into tomorrow, liz. Liz lots of terrible pain for these people. Intrepid matt flynn, thanks for bringing the story as only you can. Which appreciate that. We have breaking news when it comes to the political world. It involves jeb bush here is the news. Jeb bushs campaign is going to deploy nearly all of its miami staff to the early states. That of course would be iowa, new hampshire, south carolina. Were going to get to that in just a moment. Were getting more as i speak. Donald trump is also turning up the heat on democratic frontrunner Hillary Clinton, bringing up her husband bill clintons affair this morning again at a rally in south carolina. He explained to reporters why he felt he had to do it. Weve been a little bit, we had to respond to hillary. She came out with that [booing] no, she came out, remember she wrote, she said, hes got, hes demonstrate ad penchant, i demonstrated, a penchant for sexism. Can you believe, me. Nobody respects women more than donald trump. That i can tell you. [cheers and applause] i did have to mention her husbands situation. Liz that of course was this morning. Is that a strategy that will work for the billionaire . Lets bring in fox news political analyst ed rollins and humorist and pundit rob. Get to breaking news. What does this mean for jeb bush . He is taking his miami staff from his headquarters and moving them. Is that normal. That is not unusual because you need bodies. When you get to place like iowa you have no operation, you have 1,000 plus precincts that you have to have people, to bring out people and perform for you. There is 99 counties. 1061 Something Like precincts. It is not unusual. I dont think any big deal. The big deal he is way behind in both those states. So it wont make a whole lot of difference. Liz not giving up like miami . No. Miami is march 15th. He has to do well there. That is the alamo. Liz donald trump is continuing to attack bill clinton, who arguably one of the more popular president s in the last 50 years. Will the strategy work for him . Or only will it perhaps backfire on him. What do you think . It will fail miserably. Bill clinton is revered. So he had a mistress. A number of them. So did fdr, eisenhower and john f. Kennedy. I give you a name, morton downey, jr. He is morton downey, jr. Of politics. He burned brightly. People remember him pathetically or dont know who he is. Liz in game of inches he continues to be the frontrunner, ed. At this moment it is not hurting. Unfortunately mort down any burned for a year or two. June 11 he announced candidacy. 70 of the all media coverage. This may not be a good strategy for general election. It is great strategy for republican primary. Republicans want to know if this guy who is looking seriously at, not me, many of them are, can he stand up to hillary . He beat up all the republicans out of the box. I think this is good strategy. Liz rob, what is hillarys best defense . To ignore it . To address it briefly not for sustained period but talk about issue and policy which is something trump never discusses. Quickly, ed, last time you were here or two times ago you called scott walker exiting the race. Since then governor pataki is out. Who is next to leave . I think four or five could leave any given moment. Obviously Mike Huckabee is doing nothing. He said if he doesnt do better than second or third in iowa. He will not do that 8th place. The bottom of that list are three serious candidates at this point in time, cruz, bush, cruz,. Liz rubio. And frontrunner, mort downey. Liz you called the mort downey. Without the cigarettes. Without the cigarettes. Liz who is out quickly . Jeb. Huckabee yes, i agree. I think jeb is just hanging on to, because of the big donors that he had. I just think he is not going anywhere. I think he cant be resurrected. I think rex ryan has bert chance winning super bowl. That is not very good chance. Liz not very good chance, exactly. Great to both of you. Happy new year. Love having you on. Closing bell, were 16 minutes away. Busted south of the border. Socalled affluenza teen and his mom. Hauled back as fugitives and what they did while on the run in mexico. Not all palm trees and coconuts for puerto rico. A new years eve celebration could be a major hangover for the investor in the American Island territory. A deadline is approaching within hours. More countdown on the way. We live in a pick and choose world. Choose, choose, choose. But at bedtime . Why settle for this . Enter sleep number, and the lowest prices of the season. Sleepiq technology tells you how well you slept and what adjustments you can make. You like the bed soft. Hes more hardcore. So your sleep goes from good to great to wow only at a sleep number store, find the lowest prices of the season. Save 600 on the 1 rated i8 bed, plus no interest until january 2018. Know better sleep with sleep number. Perfect driving record. Perfect. No tickets. No accidents. That is until one of you clips a food truck, ruining your perfect record. Yup. Now, you would think your Insurance Company would cut you some slack, right . No. Your insurance rates go through the roof. Your perfect record doesnt get you anything. Anything. Perfect for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claim centers are available to assist you 24 7. For a free quote, call Liberty Mutual at switch to Liberty Mutual and you could save up to 509 call today at see Car Insurance in a whole new light. Liberty mutual insurance. Liz here it is. We knew it was coming. Bill cosbys mug shot has just been released. We have been following the latest details out of the actors arraignment in a pennsylvania courtroom on Sexual Assault charges. Cosby posted 100,000 bail. But the judge ordered his passport removed. Cosby sued seven of his previous accusers saying theyre lying. This latest case goes back to 2004. An event at his philly mansion where he apparently sexually assault ad young lady that worked at temple university. Were watching any breaking developments. Lawyers for the socalled affluenza teen ethan couch, winning delay in deportation from mexico where he was found on the lam with his mother tonya earlier this week. The mother and son had disappeared after a video surfaced ethan playing beer pong at a party. That is clear violation for his role in drunk driving accident that killed four people. An accident lawyer said he wasnt responsible for it because he was too rich and spoiled to no better. That kid plowed into Good Samaritans who stopped to help a stranded motorist. Killed all of them and paralyzed one as well. One of them use ad cell phone to order a pizza. Assist sift approaches the beaches of puerto rico are expected to be crowded for new years toast, there is huge hangover bearing down. The commonwealth facing the Second Credit default this year, agreeing to pay the most important debts on time but admitting well have to skip some payments due by january 4th. Puerto rico is u. S. Territory. Back in october i spoke to u. S. Secretary jack lew and whether a taxpayerfunded bailout is on the table. Here is what he said . They have to do a lot of work to be able to understand the state of their budgetary challenges. We continue to provide Technical Support which we will continue to do. Liz so the u. S. Taxpayer will never be on the hook for i see no scenario where there is going to be a federal bailout of puerto rico. Liz okay. We shall see. But the island in total, 72 billion in debt. Peter barnes in washington, d. C. For the latest. Peter, he was very, very intransigent it seemed on the issue, jack lew was. Has anything changed since then . Reporter obviously the situation has gotten more urgent for puerto rico financially. The substance how washington may end up helping puerto rico remains unchanged among both republicans and the white house. No taxpayer bailout. So investors are on edge just what washington will do to help the territory. Roughly 130 Municipal Bond mutual fund in the u. S. Hold bonds issued by puerto rico which is struggling with recession and a financial crisis. Default obviously could hurt millions of americans invested in those funds. And now with a bailout off the table, congress is working on legislation to allow puerto rico to restructure its debt somehow. Theyre making cuts in their budget. Theyre raising taxes. But when youre inch solvent you need restructuring. That requires legislation. Reporter but the fight is over whether to allow puerto rico to use federal Bankruptcy Law for restructuring its debts as the white house wants, or a more modest solution as favored by some republicans. It could take months to hammer out a compromise, leaving investors hanging. Whatever the plan, liz, puerto rico would face a lot tougher budget reforms and oversight by washington. It is next debt payments are due may 1st. Liz may 1st. If there is civil unrest before then, that sometimes gets congress to act. We hope that isnt the case. Peter, thank you very much. Theyre in default. When you shift payments from one creditor another that is in essence defought. Closing bell, were seven 1 2 minutes away. Dow jones industrials down 97 points. S p and nasdaq are sill positive for the year. What will we do . We take a look at top tech trends. I tried this thing. Fox business was the first to strap on the oculus riveter all reality thing. It didnt work back then it, was so new. Is vr is the Top Investment of the year . We have the names to play on it, if you believe. Liz the s p and the nasdaq are still positive for the year. Down not so much. If we figure that hoverboards were holiday gift for 2015, rockberger says its Virtual Reality. First ofll, its till very much in infancy stages, right . Yeah, its really eater. Its just the First Quarter with the xbox and sony device. Liz for people that dont understand, you strap the thing on your head, people say that it is going to be the hottest thing, facebook jumped on the challenge. It was two years ago. I interviewed brenda and it was just a development kit. Its going to be available in just a month or two. How big will it be . Will people snap these thingupe for sports . Absolutely. Two of the areas that are phenomenal without lebron injuring you. And also x games, base jumping or ski jumping. These are going to be amazing as well as vacations as well as many other things. The distribution of vr from a company like facebook, facebook is in a prime position to take advantage of vr. It is like wearing 3d glasses. You can look around and see everything. Its just a totally, i guess, amazing experience and everybody should try. Liz youre not saying invest in facebook, Electronic Arts and activision. First sets are going to be purchased for video game. When you look at games like call of duty with large installedbasis, when you add have you Virtual Reality wait for these things. Liz good to see you. When you saw me putting on the virtual head sets, that was consumer electronic show i am going wednesday january 6th in las vegas to show you the greatest and latest gadgets, etc. Dave and melissa it is your turn. Melissa we blame you for that. David terror attacks in europe as major cities take drastic measures to keep everybody safe. Weve got an update of whats being done here and abroad. Melissa ship has often given a fewminute warnings. We have the details on that one. David try to convince the nfl not to move to teams to los angeles. We are going to speak to the man that knows the situation very well, wide receiver with the rams. Melissa dow nearly 120 points to close as the closing bound sound on wall street right now. S p 500 and nasdaq are still in positive territory for the year, not for the day, for sure. David we have another one to come. Certainly today it was, we knew it was coming because of oil. Oil was down even before the trading began today, down 3 and back brought the stocks with it. Melissa everything that you need to know right now. We have breaking news right now. Terror alert canceling fireworks in brussels due to
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