story. i don't know. we'll have to look at that angle but we are about 30 minutes away from the opening bell. check markets here. the dow industrials right now higher, near the highs of the morning, after we got some data out earlier although we are off of that now up 95. the nasdaq is now negative down 10.5 points a big show coming up on monday. ice cube will be one of my guests. we'll talk about his new award and also take a look at black support for president trump, get his take on all that. ice cube, cube will be my special guest here. 8:30 a.m. eastern. have a great weekend, everybody. and we will see you next week. joe borelli and ryan payne, have a happy thanksgiving. >> you too. >> thank you, maria. maria: have a good day. "varney" & company picks it up. stu take it away. stuart: good morning, maria and good morning, everyone. the latest fox poll spell more bad news for president biden and his policies. an overwhelming majority, 78%,

have a negative view of the economy. they're just not buying bidenomics. two out of three say the worst is yet to come. on every major issue, republican s hold a commanding lead. their biggest lead is on border policy where they are ahead 24 points, ahead of the democrats. maybe that's why donald trump will go to the border this weekend. i'm not sure that any of this has much impact on the market but it is rallying again. looks like we have a third week of gains. the dow looks to be up about 100 at the opening bell. minor loss for the nasdaq. interest rates staying at these lower levels. the 10 year dropped below 4.4% earlier this morning. right now you've got it at 4.43. the two year way below 5% at 4.87 as we speak. that yield rising a bit. oil down to its new lower level, $73 a barrel. gas has been falling $0.01 a day , same today down to an average 3.33. ten states now below $3 a gallon

diesel down $0.01 at 4.31. bitcoin has had a really good rally recently. this morning it's at 36.3 that's right. all right politics. the president waves oil sanctions on iran. that means they can sell more of their oil and use the proceeds to fund the tax on america and israel. that, to me, is inexplicable. anti-israel protests across the country deliberately shutting down traffic causing chaos. at osama bin laden's letter to america goes viral on tiktok. the letter is all about destroy ing israel, keeping women out of school and yet, it's getting support from young americans. on the show today, the cost of the migrant crisis, new york announces deep cuts to police, firefighters, and the schools. the mayor needs that money to take care of migrants. the las vegas grand prix is this weekend. all the top drivers will be there including max verstaffen, i've got it, the superstar of

formula 1, so why are ticket prices tumbling? it's friday, november 17, 2023. "varney" & company is about to begin. ♪ we will learn together, so come come, don't you say never ♪ stuart: so is it friday, forever , never heard of that song or the band. >> what a way to start a show. stuart: it's friday. only 25% of the people in new york in the office buildings come to work on -- >> i live for fridays but you aren't supposed to live for the weekend because then you rush your life away. stuart: that's a song but you have to go back to my generation let's get on with this thing. we're starting with the pulse of the people. we have new fox polls on the

economy. all right, lauren, go through it all, please. >> clearly the economy is biden 's biggest challenge going into 24. 78% of voters say they have a negative view of it, just 20% say it's good. 89% of voters worry about inflation, even as prices are starting to tick down. last poll. most think the worst is still yet to come. 67% say the economy has not turned a corner. so, what is all this doing? it's fueling more calls from within biden's own party that he might need to step aside. as for the issues you brought them up in your intro. republicans do lead when it comes to inflation and the economy as well as the border, and democrats lead on the social issues like abortion, which motivates voters to the polls as well as climate change. stuart: you're right. okay, president biden made this admission about the economy roll tape. >> we now have the lowest inflation of any lowest inflation rate of any advanced economy in the world.

i acknowledge there's a disconnect between the numbers and how people feel about their place in the world right now and we can deal with the second part as well. we still have work to do, but our model for growing is delivering real results for all americans. significant black unemployment, latino unemployment, et cetera. stuart: tammy bruce is here, fired up by the look on your face. >> the patronizing, you're place in the world. our place in the world right now is trying to figure out if we can afford thanksgiving dinner. that's our place in the world. whether or not we can actually go somewhere to see the family still because of gas prices. stuart: you're right. >> that's our place in the world. you stop it with this patroniz ing garbage and it's not just the economy. it is number one. americans are concerned about, it's the number one concern but they're concerned about our rights and freedoms. that is 82% concerned. higher crime 82% concerned. political divisions 82%

concerned. israel hamas war 74% concerned. terrorist attacks 73% concerned. that is joe biden's problem. stuart: so it's not voters that are disconnected. it's biden that's disconnected. >> well, clearly. now, this , i know he's got cognitive issues but he still understands the world around him he's been in politics for 50 years. shame on him because he knows what's going on. he knows what he's doing, but he's allowing whoever this crowd is on the far left to direct the nature of policy. these are policies and that's the democratic problem. they say it's biden's age. being older doesn't mean you turn into hating the country and don't mind if you destroy the economy. these are the democratic policies but they have to say it's age because otherwise they have to address the fact that they are for the very same policies that have done this to the country. stuart: but you didn't think much to his delivery and the sound bite that we played. >> the delivery, the delivery

in and of itself is a problem but the content. the gaslighting. it's like -- we've got the best rate of inflation in the world. that's not helpful and then you've got democrats saying the rate, the rate of inflation is going down. it literally, it's not that inflation is going down. the speed in which it's going up has slowed. stuart: that is true. >> so and we see this. we don't need to see statistics. americans still go to the grocery store every day. thanksgiving is coming up. people are beginning to look at, you know, it's like black friday is either this friday or next friday, but people are starting to think about christmas present s. hanukkah is coming up, and so now, it's like why is -- why are things still not on the shelves? things that are still being ignored and then the cost of what the presents will be and whether or not you can even travel if it's going to be safe to travel, issues.

for americans to be worried about terrorism at 73% is a remarkable thing and the democrats have to realize that americans also, the sentiment -- we believe it's going to get worse but as frank sinatra would say the best is yet to come after the election. stuart: [laughter] tammy bruce on the great disconnect. >> thank you. stuart: you have a great weekend if i don't see you enjoy thanksgiving. >> thank you, sir. stuart: billion billionaire ceo ken griffin is hitting the president on bidenomics. what's he saying? >> it's a failed brand. watch. >> the american public knows things aren't working in this economy for them, and they actually ask, well who is it working for? they had this misplaced idea it works for wall street. it's working for no one. this is the price of bad economic policies. i mean, whoever told them about bidenomics has no idea how to read an economics textbook. >> well he does.

he's worth $35 billion but look, this is his second warning shot in two weeks time. first he said the u.s. is spending like a drunken sailor that drives up the debt and keeps inflation high and now calling out president biden saying your economic policies are not fooling anybody. not on main street. not on wall street, where he is. stuart: and he's worth 35 billion. >> i think a little bit more than that. stuart: okay. i'll take it. check those markets, please. yeah, i see green for the dow, green for the s&p. minor a little bit of red there for the nasdaq. kenny polcari is with us this morning. all right, kenny. we've got a pretty good rally for the last two weeks and it looks like we'll have a rally into the third week. does this have legs? >> yeah, so listen. i think it's going to end higher today. it seems that they put a lot of the geopolitical stuff at least behind them for now. do i think the rally has legs? i do think we'll rally into the end of the year but we're in a little bit of an overbought position, i think after the action we saw, but look, here is going to be the

issue. at 45.30 which is the september high, if we break up and threw that, that only leaves 46.08 which is the 2023 high and the algos for no other reason will take it there to prove they can so i would expect if we go through the 45.30 there's another push by the algos to go higher and then we tap out because we are ahead of ourselves. stuart: okay, i know that you've been buying some stocks on weakness. did you buy apple? >> so, i bought apple. these are all names that i own, so i add to them like you and i had this discussion on weakness. last time the market went lower a couple webbings ago, i bought apple, amazon, bank of america and you talked about amr and rtx names into the end of the year. i bought both so i'm up on the amr, down on the rtx, but i still have three or four weeks to go. stuart: okay, here is one that intrigues me. i shares russel 2,000 etf,

because it's not the magnificent seven. it's the other end of the market the small caps end. that's done pretty well, so you've shifted not out of big tech but more shifting into fresh money into the small caps. >> right. so and you and i have discussed that, right? you're looking for opportunities. remember, the small caps and the mid caps had really gotten crushed as we moved into the fall. they were down big and so there was an opportunity to take new money and put it in an area that i think was overdone to the downside. i didn't sell any of my tech. i didn't get out of any of my tech names, not at all and matter of fact like i just said on weakness i bought more of them but i did put new money into some of the small and mid cap. well, i small and mid cap etf. stuart: kenny polcari, i want you to have an absolutely wonderful thanksgiving if i don't see you beforehand. thanks for the cake you sent me. i'll eat it. kenny you're all right i'll see

you soon. thanks a lot. >> you're welcome. stuart: coming up, more than 100 professors at harvard condemn their university and their president because of the statement that opposed anti-semitism on campus. they say free speech has become one-sided. osama bin laden's letter to america went viral on tiktok. some young people say they sympathize with this notorious terrorist behind the 9/11 attacks. tiktok is trying to get a handle on it. the "wall street journal" editorial board says $10 billion more for iran. biden renews a sanctions waiver that helps fund terrorism. senator bill cassidy from the energy state, louisiana, i want to know what he thinks of this. the senator is next. ♪ you can't buy great conversations

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hellomedicare licensed insurance agents. and say hello to an easier way to do medicare. stuart: 15 minutes to go before the market opens and i've got green for the dow, green for the s&p, a tiny bit of red for the nasdaq. you know, we all saw it. top u.s. ceo's giving china's xi-jinping a standing ovation in san francisco. edward lawrence is with me. you've been digging into u.s. investments flowing in and out of china. where does that stand? reporter: yeah, and the numbers show, stu, why the chinese president is here. for the first time in 25 years, the out flow of investments from the united states to china in the third quarter actually shran k. in fact the chinese have seen three direct quarters of negative direct financial investment from the u.s.. now, business leaders here say that puts the u.s. in a very strong position to force changes in china if they push.

in an exclusive interview with the u.s. ambassador to china, nick burns, says the u.s. will trust but verify adding in addition to other members of the administration, he personal ly has been pushing the chinese to make reforms that protect u.s. companies. >> do you feel like there is that willingness to make this move for them, protecting intellectual property, the markets, those kind of things. >> we have made a big effort over the last several months to convince the government in china they've got to do a better job of treating our businesses equally, fairly, and so the only , we can't trust that that's going to happen. we have to see practical results on the ground. reporter: so far, those reforms have not come in china and president biden talking about finding areas of cooperation, not changing the u.s. and chinese system. his advisors say we need more protection with the growth we see in other countries. >> it's important that as we drive these kind of investments, that we also have the kind of

protections that are there for workers and communities around them, and from what i can see from the profits that they are announcing, i think they're doing fine. they're doing well. reporter: so the president has a bilateral meeting this morning with the mexican president. he then has a leaders retreat here before leaving san francisco. stu? stuart: thanks very much, edward take a look at this op-ed from the "wall street journal" editorial board. it's a very important story. $10 billion more for iran. biden renews a sanctions waiver that helps fund terrorism. louisiana senator bill cassidy joins me now. mr. senator, i really don't understand this. why is the president doing this? funneling money to our enemy? >> i'm sure he has a rationale but it's very clear that they've been kind of wrong about iran all along and that editorial points out they are trying to continue the obama policies hoping to engage, hoping by

engagement it makes them more peaceful. it appears whenever they get more money they fund more terrorism and the president is wrong on this episode has he has been on others. stuart: he's going to have serious consequences. all that money keeps flowing to hamas and hezbollah and they are attacking americans. wouldn't this provoke a more aggressive response from america >> absolutely. i think one of the reasons that joe biden is doing so poorly in the polling is that people understand that if you're going to deal with a country like -- iranian leadership, the iranian people are good, leadership not so much, that you've got to be far-leaning. it's not just a one for one, an eye for an eye. it's two eyes for one eye and the iranians understand that they lose two eyes for every one eye they take out, boom. they're going to stop it and i don't think this administration gets that. stuart: i'm going to change the subject for a second, senator. the latest fox poll shows that 78% of voters say the economy is in poor shape. biden admitted there's a

disconnect and the messaging isn't getting through. he said that. mr. senator, is it voters or is it biden whose disconnected with reality. >> it's totally biden. he's looking at some top line number, not realizing the people going to the grocery store can't buy the groceries they once bought, and the people who are going to live life cannot, they're not going to a restaurant, for example,, not buying hamburgers, they are buying hot dogs. he doesn't get that and his advisors don't get that, they are in washington d.c. living on the government. if he got to where real people were, he would understand real people are hurting. stuart: mr. senator, thanks very much indeed for joining us from louisiana this moring. it's an energy state and you have a lot at stake with the iran oil sanctions waiver. thank you for joining us and have a great thanksgiving. >> thank you, sir, you too. stuart: got it. next on the docket for congress. a defense bill. the house and senate will meet in a conference to discuss an agreement. lauren when does that happen?

lauren: sometime after thanksgiving so let's say two weeks. the senate passed its version. it's an $886 billion bill devoid of cultural issues for the most part. it was an increase from the previous fiscal year. ditto in the house, however it had cultural issues including for instance having an inspector general look at the funding that goes to ukraine. now they need to merge the two bills to be able to continuously fund the government. stuart: they will. they'll do it. lauren: i should say the defense department. stuart: one more time check futures, please, before we get to the opening bell on wall street. i see green for the dow and the s&p. tiny bit of red for the nasdaq. back in a moment. ♪

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stuart: all right, four minutes to go. we open the market dow down, sorry, dow up about 70 points as we speak. mark mahaney with us as he's always with us on a friday morning. he's got his large cap picks and his number one pick is amazon.

okay, is that still going to 195 , mark? >> yeah, we did shuffle our picks a little bit but we're sticking with amazon as our number one pick, then uber and meta and the new change is we added doordash as one of our top picks replacing spotify but the amazon piece real quickly hasn't changed. we're waiting for the year of acceleration. next year we think retail sales can potentially accelerate. cloud will almost certainly accelerate the aws amazon web services business and amazon's adds business can also accelerate going into next year. we want to be long amazon in advance of that. stuart: you're looking at 195 within the next 12 months for amazon. right? >> that's right, stu. stuart: okay. uber. i own a thin sliver of it. you say it's going to 75 currently at 54. a nice gain since you recommended it a week or so ago reasoning is it's going to 75. >> we still have these value catalysts ahead of it, so we

think starting with the december quarter, they are going to start buying back stock. it'll be the first time. i'm sure they won't buy a lot of their stock back but that's the pattern that you want to see and buying a stock in advance of when the company does and then the second thing is we think there's a probability now. greater than 50% chance, that they get added to the s&p 500 index. i think that happens in the march quarter, so the indexes will start buying uber so my recommendation is you buy before the indexes do. also just fundamentally the story does get better. free cash flow and ebitda have been rising every quarter so valuation is becoming increasingly less aggressive and increasingly more realistic. stuart: it's a terrific company. the service is really good. you know? >> it's a utility, and there's one of the favorite data points about uber is this. in their largest markets less than 10% of adults use uber on a weekly basis. my guess is several years from

now, five years from now, that number will be more like one- third because when you think about the number of times you you order from uber or doordash , whether it's restaurant meals or anything else, groceries, pet supplies et cetera or the number of times during the week you could potentially order an uber to go to work, go out on a friday night, et cetera, go to the airport, it's a broad enough utility that you'll see an increasing percentage of people use it on a weekly basis. you want to be long. those kind of consumer utilities , there's very few of them that are really long growth runways. uber is one of those. stuart: you like meta, which is currently i'm not sure where it is right now, meta is around 3.30 and you think it's going to 4.25. make your case. >> yeah, that's a big upside case, but this still remains despite the dramatic ramp up into shares year-to-date, it still remains the cheapest high-quality tech stock out there so don't look at the past chart. focus on what the valuation is today and what the fundamentals are going forward.

it's kind of like focus on where the puck is going or what's the next play and with meta you've got this confluence of product cycles improving their a d tech stack, monetize reals, short form videos if on facebook or instagram, you know what i'm talking about and this click-to-message functionality very popular in emerging markets and those three product cycles are leading to this kind of 20%-plus revenue growth. it's the best ad digital revenue growth story out there on the internet today. we think fundamentals get better going into next year. the year of efficiency is turning into more years of efficiency. it's cheap. i like meta. stuart: you make a solid case. >> [opening bell ringing] stuart: that bell you hear ring ing in the background signals the coming opening of the market. ten seconds before the market opens. he presses the button, the market is open in the very early going the dow is moving up 70-odd points. lauren: up three weeks in a row.

stuart: yes. if it closes at this level it'll be up three weeks in a row. that's a strong rally actually. the dow 30, overwhelmingly in the green. that means we're buying. the dow at this point is up 74 points. move on to the s&p 500 please. small gain there. very small .11%. 4,500 though is the level. the nasdaq is down .10% at 14, 100. show me big tech. apple leads it at 190 per share. amazon is at 142. microsoft 374.a at 330. okay. let's start and go back to amazon. i've got a question for you. you know this. can i buy a car on amazon? lauren: you can in january. stuart: really? lauren: yeah, you might get two day delivery, but you have to go to the dealership to pick it up. this is a partnership that amazon has with hyundai and as part of this partnership, the hyundai cars will have alexa

built into them. breaking news right now. this could be affecting why the stock is flat, weighing good news with bad news. that alexa unit, there are job cuts there according to reuters happening several hundred of jobs being cut from the alexa division. stuart: okay, got it. huge gain for the retailer. gap. they had a pretty good report i guess, because that's up 18%. lauren: about time. i mean, gap -- stuart: buying jeans again? lauren: no i'm going with hoodie s and lounge wear and that's what's in style and gap has a lot of it. their comps still were down, but just 2%. the street was looking for a lot worse than that. it's also a great start for the new ceo, richard dixon, came from mattel. he reinvigorated barbie. he's trying to do the same at the gap. he's there for one full quarter now. old navy, really solid results there. their comps actually rose for the first time in 10 months. old navy comp sales rose by 1%.

all together across gap brands, better inventory management. fewer discounts which is great for their margins and their bottom line. stuart: gap coming back. got it. and then there's the bulk discount at bj's they reported before the bell. by the looks of that stock they aren't doing very well. lauren: they offer bulk, therefore, value, and this is when wall street is getting very picky. so bj's came out and they trim med their guidance for the year. they said yeah, sales are going to increase by maybe 1-1.8%, but their prior call was for 2%, so that trimming really disappoints wall street when it comes to the stocks where consumers can get more for their money. stuart: don't trim. no matter what. lauren: not a slashing, just a little, you know. stuart: what's google's chief executive saying? lauren: he compares it to climate change. stuart: what? lauren: this is the thinking. if a.i. goes wrong in one country, all countries could feel the effects of that so he was asked a question and the question from the interviewer was exactly this

what do you know about china's investments in artificial intelligence. meaning can we trust china to be , to tell us exactly what they're doing? and his answer was -- china is going to be at the forefront of a.i. they're investing big in it and that's a "given" so we have to work with china to set guardrails to co-exist peaceful ly when it comes to the next new technology. stuart: an all good comparison to climate change though. lauren: well, yeah. i think he meant, you know, if the u.s. is not polluting or restricting pollutions in china is, where do you get it. stuart: got it. now, disney stock has gone back up to $95 a share. is that why they're holding a town hall? lauren: well, exactly reportedly , bob iger will hold a town hall at noon on november 28 that's one year to the date after his last town hall. disney stock is up on the year about 8-9% but there's a lot of

activist investors and a lot of shareholders who want more from disney. unlock your brands. boost your value. so reportedly at this town hall, they are going to have the heads of the key divisions. tv, parks, entertainment. many of those divisions are struggling, especially since covid. so what can he say now that he's back in the driver's seat at disney, to convince those activist investors and their shareholders that he's writing the ship? stuart: what will he say? i don't know. lauren: something on espn maybe? stuart: yeah. let's get back to alibaba. yesterday you reported that there, they canceled their spin-off of the cloud unit. that must have cost them a lot of money. lauren: $20 billion in market value. that's for trading in hong kong. so, we reported that news yesterday and here in the u.s. , shares were down 9% yesterday. they are down 1.5% today so two days steep selling but asia finally got to respond today and in hong kong shares fell 10%. the reason for canceling or putting the spin-off on ice is

u.s. export curves that affect its cloud business so it's no longer going to spin that off. you can make the argument that wall street really hasn't blinked right now. i looked at two dozen analyst calls. they all keep their buy ratings but cutting their price targets. stuart: okay. lauren: so 20 billion evaporated like that but wall street is not blinking. stuart: check the big board. we've been in business for five and a half minutes. we're down a couple of points. 34, 900. the dow winners topping that list caterpillar, american express is there, walgreens boots, chevron, goldman sachs. s&p 500 the winners, please. ross stores, interesting. hca holdings, expedia, and the nasdaq winners headed by ross stores, another retailer doing well with clothing. lauren: discount retailer too. stuart: is it? okay. now, the yield on the 10 year treasury that's at 4.43%, down a fraction. checking the price of gold. getting a bit closer to 2,000 bucks an ounce, 1,985.

bitcoin last time we checked it was, sorry, 36 and change. 36.3 right now. oil yesterday it really took a tumble down to 72. it's back to 74 at this moment still a relatively low level. 295 on nat gas moves below $3. gasoline $3.33 per gallon. that's the national average for regular. diesel coming down one cents overnight, again 4.31. coming up it's finally friday so don't forget to send in your friday feedback. kevin o'leary said we are buying too much stupid stuff. what stupid stuff are you prepared to admit that you're buying? e-mail us at varneyviewers otero fox.com. is anybody going to admit? lauren: big items? stupid purchases like that? no. stuart: i've done a few of them. now, get ready for it. taylor swift is taking over the land and the sea. swifties will get a chance to shake off their troubles and relax on a swift-themed four-

night cruise. i doubt she'll be on board. lauren: she could be because it coincides with the end of her miami tour. stuart: okay. i'd like to see the ticket prices for that little cruise. lauren: i have the answer coming up. stuart: america's largest police force taking a massive hit because of the migrant crisis. new york's mayor eric adams slashing the nypd headcount. a report on that is next. ♪ (sfx: stone wheel crafting) ♪

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nypd headcount. gerri willis is with me. how many offices will be left? gerri: well, we're looking at less than 30,000 police officers and that may sound like a lot but let me give you the numbers. in 2019, there were 36, 289 and in 1995 there were 37, 578 so you can see it's a big hair cut. look, overall, over the fiscal year, police department will be cut by $132 million overall. that includes 42 million for the new nypd classes and i have to tell you, this is going to hit every single department. the department of education will get cut by 547 million. the fdny will get cut by 74 million. social services will get cut by 322 million. these are big changes. now, let's dig down into the nypd. we're saying over the next three years and into 2025, a 13.5%

decrease in headcount, in personnel, a huge cut and what does that really mean to people? well we talked about the fact there will be some 30,000, just under 30,000 cops on the beat, walking the street to new york city, and that means we're going back to the 1990s. the david denkins era that's what we're looking at when it comes to the numbers. i want you to hear from the mayor himself about what he had to say about these budget cuts. listen. >> for months, you've heard me talk about the fiscal challenges our city is facing as the cost of the asylum seeker humanitarian crisis has sky rocketed placing great strain on our budget. we have been clear that without significant timely action from our state and federal partners, we will be forced to make some tough choices. gerri: and of course we see that new yorker's safety hangs in the balance here.

here is a statement from patrick hendry. the president of the police association. he says this is going to turn the nypd staffing crisis into a public safety disaster. our police officers are being worked to exhaustion and 911 response times are already ris ing. now, i just want to say before i go here. we know there are lots of threats out there to new yorkers we saw a tweet recently that called for a general against three institutions here in new york, so all eyes on these nypd cuts. stuart, back to you. stuart: got it, thanks, gerri. former acting dhs secretary chad wolf joins me now. more than 300,000 migrants crossed the border just in the month of october. it was the second busiest month in history. when does this come to an end? >> well, stuart, i think it comes to the end when joe biden leaves office, unfortunately, at the end of the day because what we've seen over the last 34 months is that this administration is going to

continue along this failed border strategy and there's no end in sight. they've had multiple chances and multiple opportunities to change their strategy and they keep doubling down on it and the numbers that you just cited are a perfect example of that. month after month after month the numbers stay at astronomically high level or they continue to rise and now we're seeing downstream effects of what happens when you have an open border to places like new york city where they're having to cut some of their social services and obviously, stop hiring police officers. stuart: chad, donald trump is going to the border this weekend i'm sure when he gets there, he'll say, do you remember when i was president? and migration slowed to a trickle? he's bound to do that. he's going to get brownie points out of this. >> i think he should do that. look, he tackled a very difficult issue that previous administrations really didn't want to tackle head on, and he was able to solve a lot of these issues and bring some order back

to chaos and draw those numbers down to a manageable level that border patrol can actually manage from day-to-day, so he should get a lot of credit for that and a lot of those proven policies were thrown out on day one and i think that's what the american people have to themselves. why is that? why were they thrown out without any analysis on effective measures and what we see now is the biden administration just simply can't find anything that is working for them. stuart: what's your thinking on this? texas passed a law, allowing state police to enforce border law rather than the federal agents. then mexico turns around and says we categorically reject that. where are we? where do we go from here on this >> well, it's unfortunate that the state of texas had to pass a bill like that but again, after three years of inaction by the federal government, the governor there and the state legislature is saying look i need to protect texans.

if the federal government isn't going to do that along that border then i'll step up and do that. now, the government of mexico's response is predictable. it's predictable. i could see it coming. they don't want that. they don't want anything to do with disrupting the flow coming through mexico to the united states and so the fact that they are issuing such statements during the biden administration i think tells you everything about what's going on in that border. they would never issue a statement like that during the trump administration because a, we had a better relationship with them. b a better working relationship with them and we would have explained to them and had them understand that controlling that illegal immigration is actually better for mexico just as it is for the united states. stuart: it is. chad wolf thank you very much for joining us. appreciate it. have a great thanksgiving, please. >> thank you. stuart: back in september, biden allowed some venezuelan migrants to apply for work permits. chicago has what, about 11,000 migrants, so how many applied

for permits? lauren: few. so the reason this happened was to alleviate the pressure on these big cities and their shelter systems. venezuelans were allowed to apply for a work permit immediately and this was two months ago so in two months time we know that very few venezuelan migrants in the city of chicago applied for a work permit. the goal? let's sign up 150 a day. i bet you they've probably signed up 150, 160 total in two months time. why? stuart: why? lauren: a couple things. it's $410 an application fee. that can be waived but think about the confusion and the paperwork required there. problem number two, you need to show id's and more than one form so many migrants do not have identification. stuart: what a mess. thanks lauren. coming up, business schools are embracing critical race theory. criticalrace.org founder william jacobson says there's no place in the education system left

unscathed biracial denomination. donald trump visits the border this weekend seizing the moment. he's up in the polls and will remind everyone when he was president the migrant flood slowed to a trickle. that's my take, top of the hour. stay with us. ♪ this is our moment, this is our time ♪ so, you have diabetes, and your glucose is heading low. [ alert sound ] dexcom g7, the most accurate cgm, can alert you before you go too low. now, that's more peace of mind with dexcom g7. ♪ ♪ ♪

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stuart: the largest out of a good seizure in american history. lauren: $1 billion, a record bust, 219,000 found in one storage facility in new york city. two men were arrested. where are these counterfeit going? stuart: china. lauren: us chamber of commerce estimates beijing's copying of our designer goods boost 12.5% of their total exports and this has economic consequences, lost wages and jobs.

some of these bags look really real and consumers are paying good money because they look so real. it is fake. and this retails for thousand dollars. how much does it cost? $200. this is the louis vuitton pumpkin bag. and fake one was $115. it actually says louis vuitton. you get a great copy, nobody can tell but where's your money? to fund more crime, organized crime, human trafficking, drugs and terrorism. stuart: two youngsters or millennials. they don't talk about that. lauren: half of jen zers are fine with carrying that out and

willing to pay a pretty penny because it looks like the real thing. stuart: $1 billion of these. neil: we can throw up the pictures of these and wait until you see it. it was like looking, i've seen that. they have all the hot items. stuart: i will think differently when i walked down fifth avenue. check the markets, 25 minutes, down on the dow, down on the nasdaq 22 points, not much selling. jen zers are set to surpass them in the next year. that will bury them. a big cultural shift. brian brenberg on that. why is support for israel down among younger people and people of color? i will ask russell fry. young people are praising usama bin laden after his letter to america went viral? never thought i would see the day. see felton takes on the tiktok

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