All that is coming up. Melissa back to the markets. The dow ending the daylightly in the red with one trading day in the year. Phil flynn, price futures group, fox news contributor. Watching action in oil and gold from the cme. Nicole petallides from the floor of the new york stock exchange. Nicole, start with you, talk to me about the trading days. We lost two. Melissa all right, i cant hear anything. David i couldnt hear anything either. Melissa well try to straighten that out and go back to it. David meantime well go to phil flynn and phils checking out commodities, phil. Lets start with gold. It was popping today. Whats happening . It wasp toking like crazy da dave. We have fourday winning streak going on in the gold market. We havent seen that in a while. Wasnt too long ago we had the worst selloff in 20 years. Tell you what, it has a lot to do with the dollar and a lot to do with expectations that maybe well see some inflation. Face it, dave, within the last 24, 48 hours the world has become a more dangerous place. Sanctions on russia. Concerns what is happening with israel. The tougher line the u. S. Is taking against israel. Weve seen that fear trade come back into the market and when we saw the announcement on those sanctions in russia, gold really gained more momentum. We saw the dollar drop some more and gold go up. Were already moving in that direction, but it seems to being accentuating this. The traders in gold, recently, boy, what a terrible year on gold but really not. It looks like were on track to have a stronger close for the year for gold for the first time in two years. Only a small percentage point like 8 . For the first time gold may end up with an up year. Well see if we keep it going tomorrow. David phil flynn, lets dry to do that. Nicole went to a duane reade. Got a couple double a batteries. Put them in her microphone. I understand we can hear you. Thats right. Is it thing on . Talk about the dow is down 13 points. We went over the unchanged line throughout the day. Dont forget last friday we went over the unchanged line 111 points. The road to 20,000 is just not so easy. You have none commit directionless market that doesnt have catalyst to push it up and over. Good Economic News is not enough. Maybe headlines from donald trump. Something else needs to give us the push. Tomorrow you might have the push. A few traders still believe its tomorrow. If you want to keep the hope in your heart tomorrow, go right ahead. David last trading day of the year. We dont want to miss it. Melissa. Melissa president elect donald trump making good on his promise to bring jobs back to america. Because of whats happening and the spirit and the hope i was just called by the head people at sprint and theyre going to be bringing 5000 jobs back to the United States, and also oneweb, a new company will be hiring 3,000 people. So that is very exciting. Fox businesss blake burman is in d. C. With the latest on this one. Do we have anymore details, blake . Reporter here are the numbers, melissa, yes. Sprint says it will bring 5000 jobs back into the United States. Start up, oneweb, another 3,000. These companies are tied to the softbank ceo, massa joshi son. Pledge to create 50,000 United States jobs. N tolde earlier this month, the executive of oneweb telling connell on coast to coast earlier this year, that the view will be a positive economic climate in the upcoming year. Take a listen. Im certain there wouldnt be that much in the works without donald trump and president elect trump. What he want to do is inspire and create in people to get people motivated to invest in building the jobs and seems to be happening. Reporter now Incoming White House press Secretary Sean Spicer said earlier today, announcements like this are just quote, the tip of the iceberg. Meantime earlier today, mr. Trump released a social media post saying, as you can see here, his administration will follow two simple rules, buy american, hire american. Send it back to you, melissa. Melissa there you go, very clear. Thanks, blake. David lets bring in our market panel for reaction. Scott martin, kingsview asset management, fox news contributor, veronica daguerre, wall street journal, also host of watching your wealth podcast. Scott, i know the argument, a couple of thousand jobs, just kind of a drop in the desert. We need millions of more new jobs. This is the beginning and he is not president yet, at least got plaudits from one of the guys who claims yes, trump is why the guy is hiring. Remind me debt and deficit talk last couple years, couple billion here, couple billion there you get real money over time. That is what the jobs picture what president elect trump is doing. You know, he is getting these business, david, refocus on not moving production and labor outside of america and but bring it back in and work within the confines of this great country and Capitalistic Society we have running here. That helps a lot for the stock market and Small Businesses consumers, investing in america and being happy with someone in the white house that finally cares about business. David veronica, i talked to a number of companies, managers who have businesses or operations overseas, they would love an opportunity to bring some of those jobs back here because frankly, they dont like managing from overseas. It is difficult to do. It is easier when youre managing in our own country with your own people. If there are enough incentives there, dont you think there will be a swarm of jobs coming back . I think so. The incentives are key and thats what we need to hear more about. We also need to hear about, this ties in with tax reform will Companies Get to repatriate all the cashing they have overseas . What are incentives they have to create jobs . Weve seen so Many Companies do share buybacks, and thats fine for shareholders you but that is not necessarily good for american workers. How do we get ceos motivated to use the money for good, high quality paying positions. Right. Roadblock for trumps tax plan. His tax overhaul could hinge on approval from obscure congressional committee. Scott, this is the joint committee on taxation. This goes down to the same dispute on this front, how do you score tax cuts and account for what the debt incurred as a result will be . Do you use dynamic accounting, static accounting, how do you quantify how much growth will come as a result. They will try to do it and try to decide whether the tax cut makes sense. Hmmm, worrisome, yes . Yeah. I mean, it is worrisome. The word obscure is funny one there. I can think of other euphemism ins i will leave in the back of my mind. What is funny, melissa, youre right, dynamic score something louder and louder argument but it is really you tough you cant exactly predict what behavior will be like on Capital Expenditure basis, on Consumer Spending basis depending on what the economic climate is. I will tell you, cure for all of this, debt, deficits and tax cuts, it will cure it. That is very true. Goes back to the thing, veronica, on the right you generally how much it will cost before you agree to it. At same time you really cant do that because you have no idea how much growth is going to result. I think there will be a lot of growth but i wouldnt even dream of trying to quantify it. Right. There are so much complicating different factors, estimates how do you predict that. Other things factor in, higher Interest Rates and affect deficit and payments on interest of the deficit. So it is very difficult for lawmakers to figure out. I think people need to realize, while tax reform is likely to happen sometime next year, im not sure if it will necessarily happen in the first half of the year. Melissa dont say that. Some of these complexities. I think there may need more political will to get things done, repeal and replace obamacare, get regulations, taking care of certain areas first before we see tax reform because some of these complexities. Melissa no, tax reform first. But i hear what youre saying, veronica. Thank you. Thanks guys. David, you were shaking your head. David if we dont have tax reform in the first half of the year, were going to slow the process of growth unnecessarily. We can get moving quickly if we get tax reform in the first 100 days. Melissa her points are right how complicated it will be in other things to do but we got to do it. David it take as person who cuts through the swamp in order to get what he wants. Hopefully tax reform is one of those things. To putin with punishment. White house striking back against russias efforts to influence our president ial election. Walid phares, advisor to trump president ial campaign talks about that. Melissa theyre taking aim at john kerrys harshords at presidennetanyahu. John bolton, former ambassador to the u. N. Responds. David the divide on main street, how fight for higher minimum wage is creating havoc for businesses literally on opposite sides of the same treat. [shouting] same street. David breaking news, president obama signing a new executive order. The Obama Administration announcing sanctions against russia in response to what it says were efforts to interfere with the u. S. Election. Blake burman in d. C. With details on this. We knew it was coming but it is pretty wide, blake. Reporter it is wide, Senior Administration officials were very clear just a while ago on Conference Call with reporters we were listening into. They say this is just retaliation that can be made known publicly. They say it is not the sum of all of the measures that are being taken. This is really twofold. The first deals with sanctions, that are being levied for what u. S. Intelligence agencies view as russian cyber interference in the leadup to the november election and the sanctions target the following. Multiple russian agencies, four of the top leaders in that countrys main military Intelligence Agency along with other russian businesses. The United States department of Homeland Security and the fbi also released a joint report which lays out how to better protect against cyber intrusions by russian intelligence agencies. In addition to that, the Obama Administration is also responding to what it calls the harrassment of u. S. Diplomats in russia. As a result, 35 Russian Diplomats have been now expelled from the United States, and, russian compounds in both maryland and new york will be closed as of tomorrow. President obama released a very lengthy statement earlier this afternoon in which it says, i will read you the following in part, quote. These actions followed repeated private and public warnings that we have issued to the russian government and are a necessary and appropriate response to efforts to harm u. S. Interests in violation of established International Norms of behavior. He goes on to say, all americans should be alarmed by russias actions. By the way, david, the Associated Press is now saying that a spokesperson there in moscow says that they basically feel that this is just an interference leading up to the new incoming president , that being president elect trump. David pretty strong stuff. Blake, thank you very much. Melissa . Melissa here to react is ambassador john bolton, former u. S. Ambassador to the un, iea fell and fox news contributor. Give me your reaction. I think the sanctions that the Obama White House announced are like playing pattycake. Look, in fact the information they have is that russia tried to meddle in our elections, whether they succeeded or not, whatever the extent of it, we dont know, but if they feel this was a serious act, this is not a Law Enforcement matter. This is not something of treasury regulations. This is a subject that requires retaliation by the United States. Maybe we dont say it publicly beforehand, probably not. But we ought to make it clear after the fact what we did to show, not just to russia that we can do it, but to show to the rest of the world you do not try to interfere in american elections. There may not be bridges blowing up or airports being bombed but cyber warfare is warfare if in fact thats what the data shows. Melissa they said in the statement that the actions are not sum total response to russias aggressive activities. That they will continue to take a variety of actions of the there is also, the compound outside d. C. And maryland, and also one here in new york we saw earlier, theyre shutting down those compound, declaring them persona non grata, 35 russian intelligence operatives. Were looking video of one of the compounds where theyre basically expelling members that are there and shutting down the whole compound. You say this isnt a whole lot. Doesnt seem like sort of antagonizing the russians and, you know causing all kind of problems on the way out the door as donald trump comes in. To some people like you heard in the report before, looks like vendetta and donald trump and russian president Vladmir Putin might have a different kind of relationship and this is making it as difficult as possible before he takes office . You disagree with that . Well, three things. Really you talked about the statement they made at the end, the Obama Administration made, that more is coming. This is just one step. You know, frankly the Obama Administration has no credibility in terms of its retaliatory actions unless you can see them publicly. As i said before, there may be good and sufficient reason why you dont make it public in ad a vans but until we have some tangible proof that in fact there has been other retaliation, at that i take exemplar what most of obamas Foreign Policy has been which is mere words. Second on the expulsion of the 35 socalled diplomats who were probably declared or undeclared intelligence oratives, they have muddied the waters. They say in the statement that in part declaring these people persona non grata is in response to harrassment of american diplomats in moscow. I have no doubt whatever american diplomats in moscow are being harassed, and this is probably a perfectly appropriate response. The two compounds that are closed i was never invited to either one. They are recreational facilities for Russian Diplomats. Let them live in manhattan for the rest of the winter. Well wake up tomorrow im willing to bet right now and find that some number of american diplomats, 36, have been expelled by the russians. So you know, if this is a serious matter, this cyberattack, then it should not have been confused along with different perhaps equally serious but different matter of harrassment of american diplomats. That is the same confusion and muddied thinking in obamas response weve seen so many times before. Melissa and how we got to this place. I cant let you go without asking you about the other fire that was sort of lit on the way out the door, that has to do with our ally in israel. So the mayor of jerusalem told us his suggestion for president elect donald trump about the, to move embassy, he said it here on after the bell. Lets listen. My recommendation elect trump to move the embassy immediately to the city of jerusalem. Align interest with all moderate arab states against radical islam. Theyre threatening them as much as israel and europe and United States. Melissa ambassador what do you think about that move . Well i think it should be done sooner rather than later. I think this is an important political point for trump that distinguishes him from other president ial candidates, all of whom have said they too would move the embassy and didnt do it. He can do it in the first 24 hours of his presidency by taking down the sign of our consulate in jerusalem and replacing it with a sign, says embassy of the United States of america. He can take somewhat longer term view to put an embassy in west jerusalem. That is to say in territory nobody, i mean nobody ever believes would be part of a socalled palestinian state, and i think it, like his conversation with the president of taiwan, it goes to a very important issue. Nobody tells the United States who to talk to. Nobody tells the United States that they cant put their embassy in the capitol city of the company theyre being represented in. Melissa what is the downside though . People will be up sit including a lot of leftwing intellectuals in the United States. Aggressive diplomacy in the administration to explain to arab countries in particular, this is a matter we consider to be a sovereign decision of the United States. I think it will calm it down and other than the media storm and commentary undoubtedly from former president obama with whom well be graced im afraid for a long time, i dont think it matters much. Melissa ambassador bolton, thank you for your time. We always appreciate it. David very interesting. Almost time to count down to 2017 just as new york city is ready to ring in the new year, the Police Department working overtime to keep the city safe. As va secretary position stays open as of now, the president elect could throw us a curveball with the entire department. Former governor Tommy Thompson from wisconsin is here next to weigh in on that. Your path to retirement may not always be clear. But at t. Rowe price, we can help guide your retirement savings. So wherever your Retirement Journey takes you, we can help you reach your goals. Call us or your advisor t. Rowe price. Invest with confidence. But when we brought our daughter home, that was it. Now i have nicoderm cq