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San bernardino. it has to do with the return of american fears about terrorism. i mean, you have an economy that while not working brilliantly for everyone, on a macro economic level, the economy is really good, extremely low unemployment. a wall street, dow index that s record highs, as a matter of fact. the macro picture for the economy is good and generally gives presidents a decent approval rating in the high 40s and seen a turn down for him as the focus has become on terrorism. because this president, quite frankly, came in opposing the iraq war and consistent in refusing, stubbornly refusing to be pushed into another land or ground war in the middle east including deploying large numbers of troops to fight isil as he calls them and americans call isis. this is a president that s just going to stand on that position, not going to give in to this idea of having another war. and it was interesting to hear him talk about fighting ....
Also, eric cantor is very tied in to wall street. and a lot of finance republicans, the ones i talk to who talk to those guys from the big banks, they did not want to see the markets open tomorrow with this deal up in the air there was definitely a pushback from that community as these negotiations move forward. we saw the dow react positively there the other day. and then it could go negative again after we have seen a long string of decreases in the dow index leading up to this vote. and that one pop in the dow of over 100 points. right. because there was word of a deal coming through there. they re feeling very positive about that. and foreign markets are opening, as i m sure are open now in some parts of the world there is that fear that the foreign markets will start to go down on the u.s., and that it could lead to it all going to haywire tomorrow. january 2nd in many parts of the world. now one of the just to drill down a little more on this hiccup, and those who wer ....
At 90 calories, the only thing between you and chocolaty brownies is a nicely designed package. now you can have brownies again. new fiber one 90 calorie brownies. in the granola bar aisle. megyn: fox news alert as we await remarks from the president investors are now hammering the dow index. the market falling below the 400 mark. look at that. 402 down. bret baier anchor of special report joins me now. good to see you. this is not the direction anybody wanted to see the dow go in and yet it happened thursday and rebounded and recovered all the losses the very next day, so what do you make of it? well first of all welcome back. it s a busy time, it s good to have you back in the chair. megyn: thank you very much. reporter: i tell you what, this is a major event, and there are a lot of things happening, ....
Like this happen last thursday, made it up by friday. out this in perspective. reporter: i do find it odd that you return and the markets fall apart. megyn: can i just point out when the market went down precipitously a year ago, do you remember that? reporter: yeah. you re one nut to avoid megyn: is it me? go up, go up! reporter: it s not happening. but welcome back, megyn. megyn: thank you. reporter: you re quite right, we re getting very near bear market territory, megyn. you probably heard a lot of that today. we re within a few percentage points of what would be officially a bear market certainly for the dow, more than half the issues that trade within the s&p 500 are well into that territory. but i only say it because for some of these guys that would be a seminal development and maybe a reason to cool it off that. but when you re down 20% from highs reached little more than about seen weeks seven weeks ago, you are in bear market territory. between 10 and 19% is cons ....
Something happened on wall street that hasn t happened in the better part of ten months, and that is the dow dipped below 11,000. that s, well, there it s at 11,025. but it was down as low as 10, 994 at one point while the president was speaking. and the last time the dow has fallen below the 11,000 mark was about ten months ago, october 19th of 2010. what is the significance of that? you heard the president citing numerous factors globally, nationally, pretty create and so on to explain some of what we re seeing, not just from standard & poor s, but on wall street with respect to our 401(k)s and so on. but we re going to have more on exactly what we re seeing and how it effects you and your wallet in about 20 minutes at the bottom of the hour, our power panel on the fallout for main street. and, folks, we d love to hear from you on this. after the s&p downgrade, are you changing your investment strategy? do you still believe in investing in the good old us of a? are you going for go ....