government on what c2 peter barnes, thank you. morgan some warnings about the truck possibly coming to talk a crowd earlier this week. how do you prepare. obviously they were unable how do you prepare for warnings like that. >> is difficult to prepare even when you have very specific intelligence. end of course the enemy at this point there is a natural vulnerability. people are in the holiday spirit. they are not as alert as they would be. attacks like this before. in europe has made themselves more vulnerable to these things with the open borders in the problem with the migration out of the war zone. >> we've course also had to deal with this assassination in turkey today. the russian ambassador in getting shot in a very public event by a security guard any relation do you see at all between these two events? >> there is difficult to know if there is any operational investigation. most likely they have some relation to the tragedy is syria . that is what is produced. that is destabilizing. i was the turkish government and what i

okay, peter barnes on the president-elect and the back and forth there. the back and forth here, the dow making something of a comeback in late trading. just about flat for the day as we try to snap a two-day losing streak. the trading range has been beyond narrow, it's the narrowest at the moment, one day trading range we've seen in three years, believe it or not. with that, the dow jones industrial average is still up by 14% this year. we've sent adam shapiro from our main post at the new york stock exchange to post 5 to look at the market movers, whatf overall sales are somehow related to the michael jordan branding. the shoes and the different products that they sell, nike trying to turn itself around l . revenue was over a quarter billion dollars but nike down 19%. connell: adam shapiro with me at the new york stock exchange as we look at the markets further. microsoft and other laggards today, talking about that, and we'll also be talking about the travel. forget about a white christmas, how about blizzard conditions, having a hard time doing it tha

lauren: thank you, peter barnes. nicole: let's get you caught up on the global market action overnight. right now shanghai composite index in china closes up almost two tenths of 1%. leaders in beijing that gave a pooft growth outlook. nikkei in japan up three quarters of 1%, highest levels of the year. lauren: flipping over the europe, you can see the fbi is up 5 points. the dax in germany up 10 and the cac if paris down ten points today. nicole: looking at futures. up arrow, dow futures up 14, s&p futures half a point and nasdaq up 2. gains today which actually means new records. lauren: watch volume. all right, gold is up $7. 11.36 an ounce. oil has a dune arrow once again. down 36. goldman sachs upping the forecast for the price of oil towards the end of next year to $57 and 56 cents a barrel. nicole: bad news for yahoo. the white house says the fbi is launching an investigation into the massive hack of one billion accounts. one report says that verizon is looking to bargain down the price its paying for -- check

peter barnes from dc. a lot of names floated for this position, peter, tell us the latest on the search. peter: that's right. this is an important name because admiral allen was the official who was in charge of cleaning up the bp oil spill several years ago and he's executive vice president at consulting firm. he's one of four names that have been out there and have been floated, three of the others are in -- are michelle, current navy commander, michelle admiral michelle -- michelle howard, rather. first african-american woman to command a naval ship. she's doing triple duty right now in naples, florida. mr. trump also said to be considering pete hegseth as you know from fox news, a fox news contributor and army veteran of the wars from afghanistan and iraq and also still under contention massachusetts, former massachusetts senator scott brown. no comment on the timing of the announcement for this va pick, but sounds like it's getting close. president elect mike pence is meeting with former secretary of

here is peter barnes. reporter: last night the house passed a sweeping $6 billion bill that supporters will improve medical innovation, speed access to new drugs, expand access to mental health treatment and find the apparent epidemic. it's called the 21st century's contract with the broad partisan support in both chambers and president obama will become law in part because it provides $1.8 billion for the administration skates in the shot and gives an extra 4.8 billion a billion more for his date grace to battle opioid and heroin abuse and 500 million more to the food and drug administration to streamline the clinical trial process and having his staff. >> a bipartisan bill will ensure health system can keep pace with incredible event has been science and technology. we've got a medical innovation game changers doubled lover hope to patients across the country. >> critics say will lower standards and jeopardize patient safety. >> the president protects those have on the health care system and reduces the

has launched a protest with the chinese, and demanded that it return that drone. >> thank you peter barnes. stay warm. adam: joining me now. former air force vice chief of staff, thomas mcnerney. this taking of a u.s. drone. is this a sign of aggression? should it concern us? it seems to be an infraction of international protocol. >> it is, question, is it a signal to president-elect trump or signal to president obama as he walks out the door as we treated you when we did not provide steps for when you air force one landed in china, we'll take a drone. it is trying to humiliate him as he leaves, and america. or sending a signal to president trump? i think they want to be careful what kind of signals they send to president trump, they got away with building airbases in middle of south china sea. adam: we just showed map, shinchina lays claim. >> right, that is the wrong thing. it is not their waters. we should contest it. we have to do a number of things, but it should have been done when a started, and that dodg administration did nothing. adam: so how should we respond, president is still

cheryl: so much to look at that with that plan by president-elect trump, peter barnes, thank you very much. here we go. i'm hearing a lot lights. dow up 21 points. 19,955. who knows, 45 points, you have half an hour to go. we shall see. coming up next, it is time to round up your ugly sweaters, you probably don't cook, classic board games you're never going to play and head to the mall to swap them out, retailers are hoping you're going to make a purchase while you are there. map cols, a whole new meaning in shopping malls across the country. jeff flock on violence on local malls of america. [vo] quickbooks introduces rodney. he has a new business teaching lessons. rodney wanted to know how his business was doing... ...so he got quickbooks. it organizes all his accounts, so he knows where he stands. ahhh...that's a profit. way to grow, rodney! visit quickbooks.com. . . cheryl: tis the season to return the gifts you don't want. the national retail federation says 10% of all store purchases are returned each year and that number, jumps to to% -- 30% for online purchases. 90% of online p

peter barnes, thank you so much. well, ellis, can you give him a little credit for this, we shouldn't be paying more than we have to for anything? >> absolutely not. i love the sound, the rhetoric is great. i appreciate the enthusiasm. maybe one small note of caution, guys, remember a couple of weeks we heard about a great deal that was struck by carrier and we got into the details and turned out it was a whole lot fewer jobs than we hoped. trish: i'm going to jump in. this conversation is not about carrier but i would point out that he saved 800 jobs. for those 800 families, ellis, that's a big deal. >> if i can urge -- trish: a good feeling as you go into the holiday season. anyway, we are talking about boeing and lockheed martin. >> the point that i'm making if i might get through it -- trish: let him finish his point. i want to hear, go ahead, ellis. >> enthusiasm about this, let us be cautious since we have had fresh experience with these things being overhyped. i'm trying to protect you guys from embarrassing t

for us, peter barnes. >> reporter: president-elect trump said that president obama's financial reform law and regulations hurt economic growth. >> dodd-frank has been a disaster making it harder for small businesses to get the credit they need. >> we have to get rid of dodd-frank, the regulators are running the banks. >> reporter: mr. trump and republicans in congress want to repeal and replace dodd-frank which president obama signed into law after the financial crisis and billions in taxpayer-funded bank bailouts. it put limits on riskier bank activities such as trading in derivative securities, created regulatory bodies including the consumer financial protection bureau and beefed up powers for the federal reserve and other agencies, earlier in transition, mr. trump's transition website said the dodd-frank economy does not work for working people. bureaucratic red tape and washington mandates are not the answer. generally republicans have favored increasing bank capital as part of replacing dodd-frank, bigger cash cushions to absorb bank losses from mistakes, dodd-frank reporters ca

peter barnes and jeff flock on the case for us today. here we go, less than an hour to the closing bell on wall street, i'm connell mcshane in for liz claman, we're live from the floor of the new york stock exchange. will we see history? let's start the "countdown." >> all right, 44 years since the dow hit 1,000, 17 years since it crossed 10,000 and approaching what would be another historic milestone, dow 20,000. and since the lows of the financial crisis alone, the blue chips have added more than 13,400 points. if you bought the dow 30 in march of 2009, you would have a return north of 200%. not bad. >>> since the dow touched 19,000, november 22nd, five stocks have propelled the average towards this 20,000 number. the five, goldman sachs, united health group, travelers and boeing. so we've been highlighting those today, financials in particular, though, following in goldman sachs' footsteps the ones to watch, wells fargo, jpmorgan, citigroup, all are marching higher right now and have been since the election. investors are watching a g

peter barnes, fox news. >>> nearly 100 million american families decorated a christmas tree this year. so coming up, we'll take a closer look at how the popular holiday tradition helps drive the american economy. >> i'm currently located at bahrain and i would like to wish my family and friends in new orleans, louisiana, and houston, texas, a happy holidays and a happy birthday to my mom. i love and miss you guys and i can't wait to see you when i get home. ♪ ♪ i've got to have faith >>> we bring you a fox news urgent, of course you recognize that song, iconic singer george michael who wrote it has died. the star's publicist saying he passed away peacefully at home but he did not go into detail about the cause of death. george michael selling more than 100 million records. his debut solo album "faith" had eight number one hits on the top 100 billboard. and he also wrote and produced all of the tracts except one which he cowrote and played many of the instruments himself. joining me now by phone is gerald brunner, a contributor for parade magazine, author of my city, my new york an

peter barnes, thank you. here to react, noel, jessica, democratic pollster and strategist, jessica, there was like a very brief "kumbaya" time here where it seemed like president obama and donald trump, very nice to each other. it was going along smoothly, we were kind of coming together, and then now it's gotten all contentious again. >> yeah. it definitely felt like a continuation of "the twilight zone" which began with donald trump winning the presidency for those of us on the heft. [laughter] i understand concern on the left. i understand. i was wondering how long it was going to last. i was very impressed with how president obama handled it at first, because we know he felt very passionately about his legacy and the role that hillary clinton's presidency would play in cementing that legacy -- melissa: and now not so much. >> and a huge letdown. melissa: yeah. >> we'll see where it goes. i think when he's on vacation, he's really going to be on vacation, and we'll see what happens in the last 20 days befo

peter barnes, fox news. >>> nearly 100 million american families decorated a christmas tree this year. so coming up, we'll take a closer look at how the popular holiday tradition helps drive the american economy. >> i'm currently located at bahrain and i would like to wish my family and friends in new orleans, louisiana, and houston, texas, a happy holidays and a happy birthday to my mom. i love and miss you guys and i can't wait to see you when i get home. when you have a cold, you just want powerful relief. only new alka-seltzer plus free of artificial dyes and preservatives liquid gels delivers the powerful cold symptom relief you need without the unnecessary additives you don't. store manager: clean up, aisle 4. alka-seltzer plus liquid gels. mone hundredts thousand times a day, sending oxygen to my muscles. again! so i can lift even the most demanding weight. take care of all your most important parts with centrum. now verified non gmo and gluten free. ♪ ♪ i've got to have faith >>> we bring you a fox news urgent, of course you recognize that song, iconic singer george michae

david: peter barnes, thank you very much. apparently the u.s. mint can't squeeze value out. penny. it costs more to make than it is worth. the cost to produce the one-cent coin rose to 1 1/2 cents during the 2016 fiscal year. as inflation and commodities increased. spokesman for the mint says costs for its productions have gone up since 2011. >>> a fight back to the battlefield. president obama's midnight push to close guantanamo bay for good but can we actually stop these prisoners from returning to terror? next captain chuck nash is here to sound off. 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 yo we can help you reach your goals. call us or your advisor t. rowe price. invest with confidence. (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. with toothpaste or plain water.an their dentures and even th

peter barnes, still standing by there in the fed lockup room, no longer locked up. 4.5% what they're anticipating by the end of 2017 on the employment rate. give us details. >> the economic forecast did not change much, they see unemployment going to 4.5%, trish, which is close to what they call full employment. despite all the problems with that number and, you know, part-time workers and all the people dropped out of it, out of the workforce. they see the economy getting their full employment target, and they say they see inflation getting closer to 2% target and note here in the statement on the economic analysis that market expectations for inflation have, quote, moved up considerably. moved up considerably. so that may be one reason why we see them looking at three rate hikes in 2017 instead of two. trish: brian, we're up better than 8.5%? just since donald trump was elected. so clearly there's more optimism in the markets overall. why does the fed want to temper that so much? >> i don't think they want to temper it. remember, they're behind the curve. so raising rates, even thr

anyway, peter barnes, thank you very much so much. we are continuing to here to wait for donald trump who is going to be addressing those workers at carrier in indianapolis, indiana. we are going to go as soon as it happens but i want to talk a little bit more about not just that, not just what's happening in indiana, but the overall economic future and what you can anticipate for your tax bill. here with me former campaign director for ronal reagan ed rollins, ed, it's an an ambitious plan. >> it's an ambitious plan. obviously get 15% business tax. you can get people, reemploying people, doing well particularly small business, creating jobs, you have more taxpayers. you can create growth. trish: this is what you guys did so successfully in the reagan administration? >> the reality was a tough hard fight. we did it twice. 7 brackets to 3. there's a long-term planning that you can do, today we've gone all additional brackets and additional taxes, the idea that you as a business can know i've got to pay 15% tax on business, small big, w

peter barnes following janet yellen very close late. about week right now. she's in the telegraph a few days ago. rate hikes to come. >> she doesn't say that when the timing of the next rate hike could come, but she does give insight into her thinking on the current state of economy after the first rate hike in the year last week. she is speaking at commencement at the university of baltimore and she says in her prepared tax the challenge is to remain including disappointing product dignity and that the recovery, the growth of this economic recovery has been slower than in past economic recovery. the job market is strongest in nearly a decade and job creation continues at a steady pace and wage growth is picking up and the layoff rate is low. good news for graduates. train to any concerns that maybe things are running a little bit more than she thought, then the. but turned around, whatever you want to call it is giving us an extra boost they didn't count on? >> right now she's saying challenges to continue and then her remarks last week she kind of downplay

peter barnes live in washington with more, peter? >> his comments invest are causing confusion in washington because they differ from what the trump campaign appearing to lower taxpayments for everyone. >> on the upper end, we'll cut the tax rate and offset with a significant reduction of deductions. and so for the upper it will lower the marginal rate to spur investment. >> but republican kevin brady echoed the comments this morning. >> we have lower rates for everybody to eliminate the special tax provisions for some. that is what we are proposing significant tradeoffses to move to this. >> republicans here are waiting for more guidance on how to proceed. they are talking now. and the tax outlined the tax that trumpy released and suggested that top earners would get a lower tax bill p in his administration and the income thresholds would be similar to the house republican plan that has the same tax rates as mr. trump. these are the thresholds of what you pay if that passes congress. a couple making 75000 would pay 12 percent in tax

neil: peter barnes, thank you very much. incidents like this happening abroad has the u.s. government asking foreign travelers for their social media pages to check out what they're saying online. to the hill's national security reporter katie bo williams in the latest wrinkle over the battle over privacy. what do you make of this, katie and others are going to screen these as privacy issues, you're going too far, what are they doing? >> part of the larger conversation they think swells up every time there's a lone-wolf attack, which is what are authorities missing? what are investigators missing? is there a piece of the puzzle that they are not able to see or they should be looking at? and i certainly think that you're going to continue to see this play out through the opening years of donald trump's presidency because he certainly has indicated that he sees the key to sort of stopping these lone-wolf attacks, attacks by guys have been potentially self-radicalized as a more robust surveillance apparatus, and whether that means looking at social media, whether that means lo

sprey peter barnes "fox business" and to follow up on the question of financial markets. the dell is about to hit 20,000 and substantially since election on investor optimism about the impact of president elect trumps policies on the economy and an improving economy through their wonder few share that optimism number one and if not we have seen a rational exuberance right now or are you concerned at all about a bubble and equity prices that could create some financial instability in the economy class >> i really don't want to comment on the level of stock prices. they may have been boosted by expectations about tax policy and cuts in corporate tax rates that have been much discussed or by expectations about possible reductions in downside risks to the economy but you know these are things that market participants are trying to review a long with a likely path of interest rates and i think all of that factors in two movements and stock valuations but i don't want to offer a view as to whether they are appropriate. [inaudible] >> on equity prices you talk about whether or n

peter barnes explains. >> raised by a quarter-point wednesday is it. if that is short-term fed funds rate higher for the first time in a year singing the increase was warranted by an improving jobs are getting slightly higher inflation. the fed wants to make sure the economy does not overheat if president-elect trump delivers tax cuts in infrastructure spending to stimulate the economy. >> the federal funds rate is at procreate in light of the solid progress we've seen towards our goals of maximum employment and 2% inflation. we continue to expect the evolution of economy and the federal funds rate over time to maintain object is. train that higher borrowing costs on business loans and home loans and credit cards. in part because of the prospects for mr. trump's possible stimulus pending and a stronger economy extra raise interest rates through my times in 2017 another quarter point each time. his previous economic forecast had expected to hikes. back to you in new york. >> nebraska might thank you did james hughes, chief market analyst in just a coupl

lea: peter barnes will have the story. a storm story. it's drinks en masse across the country later this week. fox news senior meteorologist janice dean has her forecast. u.s. stock market futures added the opening bell. dow futures higher by 67. nasdaq higher by 16. you are watching "fbn:am," your first look at morning markets and breaking news. oil is up for you 5303 a barrel. ♪ [vo] quickbooks introduces jeanette. and her new business: i do, to go. jeanette was excellent at marrying people. but had trouble getting paid. not a good time, jeanette. even worse. now i'm uncomfortable. but here's the good news, jeanette got quickbooks. send that invoice, jeanette. looks like they viewed it. and, ta-da! paid twice as fast. oh, she's an efficient officiant. way to grow, jeanette. get paid twice as fast. visit quickbooks-dot-com. lauren: good morning. quarter to 6:00 in new york could president-elect donald trump expected to announce a nominate for secretary of state finally today. the transition tells fox news that exxonmobil ceo rex tille

. >> peter barnes, thank you. >> risen to 11, the wild fires also damage hundreds of homes and businesses. >> galintburg is the people. it's not the buildings, it's not the stuff in the buildings, it's not anything else but it's the people and we are the strongest community i've ever seen. >> it is certainly a dye stressing time for all of us. lauren: dye stressing is an understatement, in gatlinburg get their first chance to see if properties withstood flames. nicole: labor department will release labor report this morning. economists expect 175 jobs were added last month. unemployment rate expected to hold steady at 4.9%. fed is widely expected to raise benchmark interest rate for the first time in a year and we will have full coverage and analysis of the november job's report on mornings with maria starting at 8:00 a.m. eastern time. jobs in america. lauren: howard is stepping down at ceo of starbucks. schultz will focus on high-end reserve coffee shops. he transformed the coffee chain into an international giant. more than 25,000 locations, he's handing over the ceo role of kevin john

. >> peter barnes, foxbusiness. the dow is about to hit 20,000. it is up substantially on investor optimism about the potential impact of president-elect trump's policies on the economy. i wonder if you share that optimism. about not, are we seeing of rational exuberance right now or are you concerned about a bubble in a prices that could create financial instability? i don't want to comment on the level of stock prices. they may have been boosted by expectations about tax policy. possible cuts in corporate tax rates that have been much discussed. growth.pectations about possible reductions in downside risk to the economy. these are things that market participants are trying to view along with the likely path of interest rates. all of that factors into .ovements i don't want to offer a view on if they are appropriate. >> you have talked about if they are historical ranges or norms. is this kind of within the historical norms? the return of the stock market relative to -- remember the level of interest rates is low in taking that into account. to s

fox business's peter barnes has some of the details. peter? >> well, president-elect trump is promisings to upend trade relationships covering more than a trillion 1/2 dollars in imports and exports each year, a top target, the proposed trans-pacific partnership or tpp. pushed hard by president obama, it would create a giant free trade zone around the pacific rim. after this election it won't be include the u.s. >> i will issue notification of intent to withdraw from the trans-pacific partnership, a potential disaster for our country. instead, we will negotiate fair, bilateral trade deals that bring jobs and industry back on to american shores. >> mr. trump says he is just trying to fix broken trade deals and trade talks to also help reduce america's trade deficit with the rest of the world. it totaled more than $758 billion last year for goods, with china alone accounting for about half of the imbalanced. china was not a party to the tpp. it has been trying to sink that deal by pushing its own regional free-trade agreement for asia, which ala

peter barnes joins me with the holiday. anything we can expect in terms of va? pirate peter according to senior transition sources, president-elect trump is looking at united states coast guard, admiral and is looking with trump in mar-a-lago and is currently an executive vice president and considering howard, first african-american woman to command navy ship. three operations for the navy. mr. trump is also considering pete hegseth. fox news contributor and he is also considering massachusetts, former massachusetts senator scott brown. no timing on the va announcement. sounds like it's getting close. trish: all right, lots to look forward to. trump's thank you tour included energetic rallies and they are designed to be a tribute to supporters, critics say they show few signs of trying to unit a divided nation. watch this. >> the thank you tour, i'm watching that yesterday, the themes of that were so strikingly similar to him as candidate, still aimed at that 46% that elected him. he's in in good stand. he's still talking to his electoral. >> he hasn't expanded

peter barnes, live in washington. peter? >> reporter: comments from mnuchin on higher income workers and taxes are causing confusion because they differ from what the trump campaign outlined this summer and appearing to promise lower tax payments for everyone. >> on the upper end, not that we'll cut the tax rate but it will by offset with a significant reduction of deductions. so for the upper cass not a tax but but a simplification and will recovery the rate. >> reporter: but the top tax writer in the house, kevin brady, chairman of the house ways and means committee, echoed mnuchin's commentses this morning. >> the only way to lower rates for everybody is to eliminate the hundreds of special tax provisions for some, and so that's what we're proposing to you, significant tradeoffs to move for this. >> reporter: brady said republicans are waiting on more guidance from the trump team how to proceed on tax reform. the two sides are talking now. the tax outline mr. trump released in august when he was campaigning, suggested eve

peter barnes has the latest on this. it keeps changing this story. good to see you. >> that's right. isis is now claiming responsibility for this attack in berlin through its propaganda agency saying the executer in berlin is a soldier of the islamic state and the so-called response to target the coalition countries, the countries fighting bombing in syria. german investors and other investigators will have to confirm that. and one official says that isis often claims credit for things it may not be involved with at all. german authorities are calling the truck attack an act of terrorism. that had all the hall marks of islamic extremism. and they could not rule out that a suspect or suspects involved in the attack may still be at large following the release of that pakistani man arrested last night after the ait can. he was released today. the country is still on high alert. the white house said today that president obama spoke by phone last night with german chancellor angela merkel offering his and american's condolences. >> we're on high alert at

fox business network senior washington correspondent peter barnes has been watching the markets all day. oh, so close. >> oh, so close, bret. the dow getting within 13 points at one point in trading today of the magic 20,000 mark. analysts project that the dow will close above 20,000. at some point. maybe tomorrow. who knows. 20,000 is partly a psychological milestone, a nice round number. it took 17 years to get here from dow 10,000, however. but no question, stocks have been on a tear lately especially since the election and donald trump's victory. the dow is up 9% since election day. up 15% year to date. mr. trump has proposed deregulation, tax cuts and tax reform to help spur growth in the economy. investors are betting it's going to get done. >> but that hasn't happened yet. so this is a classic buy the rumor, sell the fact environment, but if you stand in front of that and sell now, that's not going to work. you have to go with the trend right now and you know what, the only thing that's going to stop this rally dead in its tracks is if u.s. interest rates really, really continue

tonight fox business network senior washington correspondent peter barnes looks at what republicans are hoping for and what may be realistic. >> we'll be reducing regulations. now, those are the nice ways of doing it, and everyone loves it, and everyone's happy. >> president-elect donald trump continues his support for cutting regulation to boost the economy. estimates of the annual cost of regulation run from tens of billions of dollars from the obama administration to $2 trillion according to one private study. one measure of regulation is the federal register, the official publication for all government rules. under president obama, it swelled nearly 30% from about 69,000 pages to nearly 90,000. >> i would say 70% of the regulations can go. it's just stopping businesses from growing. >> reporter: as a candidate, mr. trump targeted numerous obama regulations, including under obamacare, the clean power plan, the clean water rule, the fracking rule, and dodd/frank financial regulations. mr. trump will be able to repeal some obama rules by executive order the day he takes office. but oth

when they cast their votes, peter barnes with the latest o that angle from washington. peter, good morning. >> that's right maria electors from 50 states in district of columbia though not without some drama. lek force in pennsylvania will get police protection as they cast their ballots today according to the pittsburgh post gazette one pennsylvania elector said he receives -- has been receiving thousands of e-mails day trying to sway his vote. some messages include death threats so the state's 20 electors will have state troopers escorting them today to the state capitol in harrisburg. one republican elector in michigan has received death threats as well. also there could be some faithless lek force as reince priebus talking about people who might choose someone other than the person chosen by the voters of his or her state for president. 37 republican lek force qowld have to cast ballots against trump to drop him below the 270 vote threshold needed for victory so far only one texas elector is indicated he will not vote for trump who won his state. chances of another

tonight fox business network senior washington correspondent peter barnes looks at what republicans are hoping for and what may be realistic. >> we'll be reducing regulations. now, those are the nice ways of doing it, and everyone loves it, and everyone's happy. >> president-elect donald trump continues his support for cutting regulation to boost the economy. estimates of the annual cost of regulation run from tens of billions of dollars from the obama administration to $2 trillion according to one private study. one measure of regulation is the federal register, the official publication for all government rules. under president obama, it swelled nearly 30% from about 69,000 pages to nearly 90,000. >> i would say 70% of the regulations can go. it's just stopping businesses from growing. >> reporter: as a candidate, mr. trump targeted numerous obama regulations, including under obamacare, the clean power plan, the clean water rule, the fracking rule, and dodd/frank financial regulations. mr. trump will be able to repeal some obama rules by executive order the day he takes office. but oth

barnes. one would think he'll have to address the situation there that we have seen unfold out of china, lot of concerns about russia right now and expectation he'll be talking about the economy too? >> reporter: yeah, and i think the foreign policy questions will dominate this press conference. if the president doesn't address the china situation in opening statement. it will be the first question that he gets from reporters. we also do expect him to be asked about this escalating war of words between the obama white house and the trump -- president-elect trump's transition and the president-elect himself over the russian hack of democratic e-mails during the election. earlier this week, white house spokesman josh earnest accused president-elect trump not only of knowing about russia's hacks during the election but encouraging them. that set off a back-and-forth between josh earnest and mr. trump. >> mr. trump was obviously aware of the fact that russia was engaged in malicious cyberactivity

. >> peter barns sh, rms. many about the potential impact of a president like trump's policies on the economy and an improving kmel. i wonder if you share that appearty am i familiar, number one. and if not are we seeing perhaps a bout of rlt rhigher stock prices in the economy. >> i don't want to talk about stock prices. they may have been boosted by tax policy, cuts in tax rates that have been much discussed, or by expectations about growth, possible reductions in downside risk to the economy. b but, you know, these are things that market participants are trying to view along with the likely paths of interest rates, and i think all of that factors into movements in stock valuations. but i don't -- i won't offer review as to whether they're appropriate. >> you have mentioned -- on equity prices, you have talked about whether valuation prices are within historical ranges and norms. is dow 20,000 kind of in the historical norms? are you comfortable with that? >> i think rates of return in the stock market relat

peter barnes is at the labor department and has the number on november jobs report right now, peter. >> 178,000 new nonfarm payroll jobs in november. maria, 178,000 new jobs, about as expected, but the unemployment rate, taking a big drop to 4.6%. from 4.9% in october, that's the lowest unemployment rate since august 2007. the lowest in nine years. the rate went down in part because about 200,000 people left the labor force last month, pushing the labor force participation right down to 62.7%. 1/10 of a percent drop. so, this will give the fed, of course, some more ammo now to raise rates at its next policy meeting in two weeks. but, average hourly wages unexpectedly fell in november by 1/10 of a percent to 25.89. but it's taken a big pop in october, 0.4% increase then. so a little bit of giveback there. and wages are up 2 1/2% year over year. looking at sectors, professional and business services up. and 44,000, leisure and hospitality plus 29. government and state local 22,000. construction up a nice 19,000 job. mining and logging, 2,000. that's the energy sector. manufacturing cut

donald trump takes office next month repealing obamacare is at top of agenda folks business network peter barnes has a look at what is next, for the affordable care act. >> obamacare has been one of president-elect trump's pop targets. >> we will repeal disaster known as object care create new health care all sorts of reforms that work for you and your family and we are going to be doing it, properly. >> president obama has declared obamacare a success, especially this month as consumers enrolled for coverage in 2017, and as republicans threatened to scrap. >> it one study slows if congress repeals obamacare as they proposed, nearly 30 million americans would lose their coverage. >> 30 million. >> looking at 2015 obamacare repeal plan for clues to how mr. trump may proceed on replacing it came from republican congressman tom price of georgia, mr. trump nominated to be secretary of health and human seniors, would over age just the tax credits for the purse of individual and family health insurance policies, it would to encourage more people to contribute to savings accounts offer grants to

peter morgan had concealed her body in a barn at his family home. this was the moment that peter morgan told police officers what he had done. the trouble was, once i'd sort of attempted to murder her, i'd be in a hell of a lot of trouble for that. and she could have still gone on and blackmailed me, couldn't she? during his trial, thejury had been told that peter morgan had asperger‘s syndrome. he had denied murder on the grounds of diminished responsibility. but the judge told him that the plans that he had made and the steps he had taken to cover up what he'd done showed that he was in control and understood his actions. peter morgan showed no emotion as he was sentenced to life in prison with a minimum of 25 years for the murder of georgina symonds. sian lloyd, bbc news, newport crown court. the headlines on bbc news: german prosecutors have named their prime suspect in the berlin lorry attack. he's a tunisian national, anis amri, and he's 23. a royal marine serving a life sentence for the murder of an injured afghan fighter, has been refused

peter morgan had concealed her body in a barn at his family home. this was the moment that peter morgan told police officers what he'd done. the trouble was, once i'd sort of attempted to murder her, i'd be in a hell of a lot of trouble for that, and she could have still gone on and blackmailed me, couldn't she? during his trial, thejury been told that peter morgan had asperger‘s syndrome. he had denied murder on the grounds of diminished responsibility, but the judge told him that the plans that he had made and the steps he'd taken to cover up what he'd done showed that he was in control and understood his actions. peter morgan showed no emotion as he was sentenced to life in prison with a minimum of 25 years for the murder of georgina symonds. sian lloyd, bbc news, newport crown court. this is outside source live from the bbc newsroom. our lead story is: police in germany are searching for a tunisian man as the main suspect behind the attack on a christmas market on monday. officials say he had been previously monitored by security services. we

peter morgan had concealed her body in a barn at his family home. this was the moment that peter morgan told police officers what he'd done. during his trial, thejury had been told that peter morgan had asperger‘s syndrome. he had denied murder on the grounds of diminished responsibility. but the judge told him that the plans that he'd made and the steps he'd taken to cover up what he'd done, showed he was in control and understood his actions. peter morgan showed no emotion as he was sentenced to life in prison with a minimum of 25 years for the murder of georgina symonds. sian lloyd, bbc news, newport crown court. a brief look at some of the day's other other news stories. in syria, the operation to bring the remaining residents out of the formerly rebel—held areas of eastern aleppo has resumed, after a 24—hour pause. there have been reports saying all rebel fighters are now out, but the us state department says that's not yet clear. syrian army units are waiting to take full control of the city, after four years of intense fighting. a labou

peter morgan had concealed her body in a barn at his family home. this was the moment that peter morgan told police officers what he'd done. the trouble was, once i'd sort of attempted to murder her, i'd be in a hell of a lot of trouble for that, and she could have still gone on and blackmailed me, couldn't she? during his trial, the jury had been told that peter morgan had asperger‘s syndrome. he had denied murder on the grounds of diminished responsibility, but the judge told him that the plans that he had made and the steps he had taken to cover up what he'd done showed that he was in control and understood his actions. peter morgan showed no emotion as he was sentenced to life in prison with a minimum of 25 years for the murder of georgina symonds. sian lloyd, bbc news, newport crown court. the queen and prince philip have delayed plans to travel to their estate in sandringham in norfolk today, because they both have what buckingham palace described as "heavy colds". the queen, who celebrated her 90th birthday this year, and prince philip, who

peter morgan had hidden her body in the barn next to his home some 20 miles away. he told the court he had heard her threatened to blackmail him and leaving. morgan had been using a bugging device similarto had been using a bugging device similar to this one, disguised as a plug. he was using it to listen in to georgina simmonds‘s conversations. inside there is a sim ca rd conversations. inside there is a sim card and microphone. the property developer can activate it from his own mobile phone. over the two month period he called it 514 times and spent hours on end listening in. this was the moment he told police officers what he had done. the problem was once i had attempted to murder her, i could have got in trouble for that and she would have still gone on and blackmailed me, couldn't she? peter morgan told psychiatrists he was having a midlife crisis. the court was told he had asperger‘s syndrome, but it was not a defence. the murder of georgina simmonds had been carefully planned. the number of victims of historical child sexual abuse in football has grown

peter morgan had hidden her body in the barn next to his home some 20 mimes away. he told the court that he had heard her threaten to blackmail him and then leave him. morgan has been using a bugging device similar to this one. it is disguised as a plug and he was using it to listen in to georgina symonds‘ conversations. inside there is a sim—card and a microphone. the property developer could activate from it his own mobile phone. over a two—month period, he called it 514 times and spent hours on end listening in. this is the moment when he told police officers what he had done. once i attempted murder her he could have still gone and black mailed me. peter morgan had told psychiatrists that he was having a midlife crisis. the court was told that he had asperger‘s syrdrome, but that was not a defence. the murder of georgina symonds had been carefully planned. the european court ofjustice has ruled that the government should not retain internet data under a law which critics call the "snoopers charter". the home office said the government was disappointed w

peter morgan had hidden her body in the barn next to his home some 20 mimes away. he told the court that he had heard her threaten to blackmail him and then leave him. morgan has been using a bugging device similar to this one. it is disguised as a plug and he was using it to listen in to georgina symonds‘ conversations. inside there is a sim—card and a microphone. the property developer could activate from it his own mobile phone. over a two—month period, he called it 514 times and spent hours on end listening in. this is the moment when he told police officers what he had done. the trouble was once i'd attempted murder her, i could be in a hell of a lot of trouble for that. and she could have still gone and blackmailed me, couldn't she7 peter morgan had told psychiatrists that he was having a midlife crisis. the court was told that he had asperger‘s syndrome, but that was not a defence. the murder of georgina symonds had been carefully planned. sian lloyd, bbc news, newport crown court. the evacuation of civilians from the syrian city of aleppo has resume

peter morgan had hidden her body in the barn next to his home some 20 mimes away. he told the court that he had heard her threaten to blackmail him and then leave him. morgan has been using a bugging device similar to this one. it‘s disguised as a plug and he was using it to listen in to georgina symonds‘ conversations. inside there is a sim—card and a microphone. the property developer could activate from it his own mobile phone. over a two—month period, he called it 514 times and spent hours on end listening in. this is the moment when he told police officers what he had done. the trouble is once i attempted murder her he could have still gone and blackmailed me. peter morgan had told psychiatrists that he was having a midlife crisis. the court was told that he had asperger‘s syrdrome, but that was not a defence. the murder of georgina symonds had been carefully planned. thejudge did the judge did speak of that defence. he said that, "i find as a fact you suffered from asperger‘s, but in my judgment only a mild form of that condition. you have committ