Despite federal assurances that United States’ food supply was safe, the first suspected case of mad cow (search) disease in the U.S. has sent shivers across the world.

As Asian nations begin to block U.S. beef imports, we’ll examine whether the situation is contained with Dale Steenbergen, a fifth generation cattle rancher and member of the Oklahoma Cattleman's Beef Association.

Will the scare be a lump of coal in investors’ holiday stockings? We’ll take the market’s temperature with Jonathan Hoenig, portfolio manager of Capitalist Pig Asset Management, and Paul Rabbitt, president of RabbitAnalytics.com.

Plus, what does a popular steakhouse chain do when its menu relies on a large amount of beef? We’ll get insight from Ron Stevinson, purchasing manager at Gallagher's Steak House in New York.

This holiday season, why is the little town of Bethlehem nearly deserted? We’ll ask Hanna Nasser, mayor of Bethlehem.

Plus, we’ll pay tribute to our troops overseas with retired U.S. Marine Corps. Lt. Col. Bill Cowan.

And, the Democrats continue to criticize President Bush (search). But will negative campaigning have a positive result at the polls? The Weekly Standard’s Bill Kristol weighs in on this Christmas Eve edition of Your World with Cavuto.

About Your World...

More than just facts and figures, Your World with Cavuto gets to the heart of the matter with in-depth analysis from our FOX Business News All-Stars:

Terry Keenan, host of Cashin' In
Brenda Buttner, host of Bulls & Bears
David Asman, host of Forbes on Fox