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stuart: that is a slow-moving song to get dynamic financial -- lauren: i feel it is anticipation of something. stuart: we will go with it. good morning. it is 10:00 eastern. the markets for half an hour, a tiny bit of red ink, not much. dow is down 7 on the dow, 30 points on the nasdaq. show me the 10 year treasury, 4.39%. the price of oil $75 a barrel. bitcoin nice rally, keep going, $37,300. important numbers just released, the consumer confidence number. lauren: better-than-expected coming in at 102. it was 99.1 in october but the number is the lowest. stuart: no impact on the market.

consumer confidence is down implying the economy might slow so the fed will lower rates. no impact on wall street. a long way of saying something. car dealers across 50 state sent a letter to president biden letting him know the challenges they face selling electric vehicles. lauren: the president has not responded but 3,000 dealerships across 50 states signed on asking the president to back off his ev mandates. fox business obtained this letter, quote, the goals of the regulations are admirable they require consumer acceptance to be reality. with each day it becomes more apparent this attempt at electric vehicle mandate is unrealistic based on current and forecast customer demand. electric vehicles are stacking up on our lots which is the best indicator of customer demand in the marketplace. the dealers are asking the president to tap the brakes on the ev mandate.

>> reporter: the evs are 20% to 25% cost over a gas vehicle or hybrid. the consumer walks in, they don't want to even test drive the. they have range anxiety, worried about the infrastructure aware they will charge it. there is no charging. >> reporter: ford and gm announced a reduction in evs and scaling back some projects. the president told his top aides to speed up the transition. >> president biden: together we made progress. from turkey to air travel to a tank of gas costs went down. when people make a lot of money that doesn't matter a lot because costs are relatively small. >> reporter: normally car dealers have a 90 day supply of cars on their lots, the evs are

sitting 12 to 16 months. some car dealers saying they are turning away the evs being made from the manufacturers and not accepting the new ones because they can't tell what is already there. stuart: want to bring in scott shelladdy, the ev push is not working. is that on the verge of collapse? >> i've never been a big fan. i have been saying for 10 months what happened to the hybrid? wouldn't that have been a better step on your way to the ev instead of jamming evs down our throat when we don't have the infrastructure for it? only one guy is on board with me, not that we have talked, but x ceo of toyota who is now the chairman. he was a little bit vocal about this. they moved him aside to be the chairman because he said evs

warrant the future. he was going for hybrids. now hybrids are starting to take off again. if you want the ev feeling but that sure ready you can get your car started and go someplace the hybrid is something folks want to have. i understand how these are sitting around the lots and other western countries that have had these mandates stepping back from them making it the next guy's problem. mandates, $50,000 worth of incentives in these cars but they are bribes. let's call it what it is. i've read a lot about this but when we got off the horse and got into the car there weren't a lot of bribes. it was a better idea. electric vehicle is not yet a better idea. stuart: i've got some more for you later. now this.

it is 11:00 in in the morning on november 20th. hillcrest high school in queens, new york. the organizers of appropriate listening and walk out sent a message on social media. the protest is on. hundreds of students ran out of class and rampaged through the school looking for a jewish teacher, i stand with israel. he had to she had to be taken to a secure location. anti-semitism by a mob consisting almost entirely of -- this week the authority started to respond. david banks, the school chancellor, said targeting the teacher because for jewish identity was unacceptable but he said the teacher was never in direct danger even though she said she had been shaken to the core. banks also said the students have a kindred spirit with folks in the palestinian community. that sounds like an excuse. some of the teachers suggested the school had not handled the situation well. the student government president saying it was meant

to be a peaceful protest but some of these students lacked maturity. not good enough. nowhere is there an explanation why so many black and hispanic students should be so anti-semitic, nowhere next nation about anyone who showed support for terrorists of hamas. nobody is pointing out the lies put out by the squad in congress and nobody has any clue how to restore decency and civility. jason rantz with me now. why are people of color taking the side of hamas? >> you break it down to grievance politics. that is incredibly powerful especially among young people. this movement that basically creates victims or marginalized communities so they end up identifying with others that they have been taught are marginalized. this is all being taught to these kids. when you look post 1967 and the

war, you see a shift with the black activists starting to turn on, quote, zionism. now you see at rear its ugly head. a lot of folks comparing what they perceived to be going on in the united states between black americans and police with brutality, trying to ascribe that same issue to israel versus palestinians. stuart: incredibly divisive especially in a city like new york which has a large jewish population. once kids are in school with this kind of thing going on, i don't see any way of bringing the city or bringing america together when you have this kind of activity. >> one way we can bring people together is to remind folks that the majority of this country according to all the polls remain pro israel. it is contingent on all of us to step up.

we are seeing large rallies around the world speaking out against anti-semitism and unfortunately the loudest voices in the united states are coming from the pro-hamas side. they are rallying every weekend, marching without any opposition. i would argue maybe it is contingent on us to say we are going to get organized and speak up. we are going to rally and make sure the world knows where it is we stand. what i don't want to be defined by are the lunatics who are showing up siding with hamas. stuart: i've got to remind everyone over 100,000 people marched against anti-semitism in london. the largest demonstrations against anti-semitism since the 1930s and a contrast to the anti-israel protests we have seen in the us. it is good to see a strong and peaceful response to these outrageous demonstrations in america. last word to you. >> i hope media outlets start paying close attention to this.

instead of both sideing this issue they need to call out the hamas talking points and propaganda. we are losing this battle when it comes to social media. the general mainstream media is not doing a good job covering this, calling out the lies, pointing out the actual propaganda. i wish they would but they are too scared. stuart: you are precisely right. thanks for being with us this morning. back to the markets. scott shelladdy. red ink on the screen, seems like this market wants to go up. what say you? >> it is pretty resilient. a lot of money on the sidelines. people talking about the santa claus rally. there's a difference between what the economy is doing and but the market was doing. the market can continue to do it, whistling by the graveyard as this economy starts to leak

away. we have the leading economic indicators down 19 months in a row. ism institute, manufacturing index below 5012 months in a row. every time that happened in the past we had recession. how about the unemployment rate through its two year moving average. that' s a recession indicator. we are talking about this recession, the mistake was everyone thought it would happen sooner than it is going to happen. i think it is going to happen, the question is where the deck chairs go on the titanic, not whether the boat is going to sink. stuart: we are not sure when and how severe. thanks for being with us. to the market, individual stocks that are moving, we saw that earlier, 18%. lauren: chinese shopping platform, this is the stock we

have been talking about. a cheaper version of amazon if you will. it is booming in the us. you can get anything on it for a very low price. it was a major driver in growth for the quarter. new high for the stock up 18%. %. stuart: wise amazon down? lauren: they had a nice run. they announced 11 days of deals where customers saved 70% between november 17th and november 27th. one billion items sold and they will continue these deals driving traffic, prices hurt their margins. stuart: crocs, shoes they don't care for, have done incredibly well, 3%. lauren: what do you should call those little things you put in circles? gibbet's. they are expensive. raymond james not only says barcroft, they are updating to for strong buy, they like to send it for next year, stop going to $150,000 a share,

increase of 17%. %. stuart: a lady who started a basis making of those. she did very well. she sold the company. thanks. now this. the us military's involvement in the middle east deepened after a new confrontation off the coast of yemen. details on the latest act of aggression. president biden faces fierce criticism over the lack of americans in the hostage deal with hamas. keith kellogg deals with that. israel says hamas has violated the cease-fire terms following three detonations and gunfire near idf soldiers. nate foy has the latest next. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim:

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stuart: israel says hamas violated the cease-fire. explosives were detonated causing some injuries. nate foy, the latest please. >> reporter: good morning. today, both of the idf and hamas blamed the other of her violating the terms of this temporary cease-fire. the idf says three explosions in the northern gaza strip injured several israeli troops and at one point lead to a gunfight in the northern gaza strip between idf soldiers and hamas terrorists. it hasn't escalated beyond that. we will see how it will impact the expected prisoner hostage exchange later today. it comes as cia director bill

burns is negotiating with qatar and israeli officials to possibly extend the cease-fire past what it has been extended, two days past the original four and under the terms of this agreement i mentioned the exchange expect it later today. ten israeli hostages expected to be released from gaza, 30 palestinian prisoners. in the past four days leading up to today, 51 israeli hostages have been returned with 18 hostages from other countries. the white house estimates 8 or nine american hostages remain in gaza the majority of whom are believed to be men. so far, hamas is only exchanging women and children, like 4-year-old abigail idan and an israeli baby in his 4-year-old brother, still being held in gaza along with 150 other hostages. years two members of the boy's family.

>> psychological war against us is working really good. >> 52 days. there is no president in modern history for something like this. >> reporter: more tensions on the northern border, lebanon media is reporting an israeli shell landed in southern lebanon. the idf hasn't confirmed that. no escalation beyond those reports from lebanese media but we will see how the situation in the northern gaza strip affect the expected exchange that is set to happen later today. coming home from gaza. stuart: thank you very much. general keith kellogg joins me now. this is my opinion here. on the ground it looks like

israel is winning the war. there's no extension of the war in lebanon. gaza is trouble. on the ground, israelis are winning. would you agree? >> thanks for having me. you are absolutely right. they prosecuted this war very well. with a solid plan when they went in, basically cut the gaza strip in half and focused on the north on gaza city and gaza city going through it block by block, street by street, house by house, doing a very good job. that is probably the biggest concern about the cease-fire being extended because the initiative goes away from the israelis and back to hamas. the longer this goes on does not go well for the israelis. i would have preferred they continue the assault. i understand the issue of hostages. i know there's a concern but

they have got to eliminate hamas as a military organization. if they don't do it now, it will drag itself out. stuart: we have one american hostage released at this point. we don't have the exact number. the president doesn't say anything about this. he doesn't mention american hostages. is it that he doesn't want to put himself in the pose addition of jimmy carter where his administration was torn to pieces by hostages taken by iran? >> there is a bigger story here. the bigger story is i don't think they know where the hostages are. how many they have got. i don't think they know what groups they've got. they weren't taken by one group. it is several groups in hamas. we don't know where they are and i don't think they know either. that's why it takes a while for the hostages to come out. i would prefer to they say

okay, here's the 215 hostages, here's their names and release dates. right now your guess is as good as mine. we don't know how many hostages they hold that are americans. on 7 october they killed 31 americans. keep that in the back of your mind. stuart: hostagetaking is an effective strategy when you are taking on a democracy. they are exploiting our democracy. that is the way it is. >> that is where you have good advisors in the white house. in the situation room. the advisors lay out the good, the bad, the pros and cons. my concern is president biden has a lot of enablers telling him this is a good idea. peter drucker, a big management specialist, if everybody in the room agrees with you, fire

everybody. he needs to have that. he needs to have pushback. i am not sure he is getting that. hostagetaking is a moneymaking deal for him. they will continue to do it. stuart: thanks for joining us. two ballistic missiles were fired towards u.s. navy warships in the middle east. do we know who is responsible? ashley: those two missiles came from areas controlled by houthi rebels in yemen. the uss mason was responding to a distress call from a commercial tanker in the gulf of aden that said it was under attack. the u.s. navy warship eventually captured all five armed attackers of that commercial ship. as for those two ballistic missiles they landed in the golf ten article miles away. no damage or injuries reported.

the pentagon says the hijacking of the commercial ship with ties to an israeli owned company appears to be carried out by five somali individuals. that was the case of piracy. ashley: got it. stuart: the army facing a dire recruiting crisis is inviting soldiers discharged for refusing the covid vaccine to return. senator eric schmidt wants back pay for the thousands who were booted. he joins me now. yesterday i said consumer spending had been solid over the thanksgiving weekend. retail expert gerald store says i got it wrong. the real consumer picture after this. ♪ can't buy me love ♪ love ♪ can't buy me love ♪ by you a diamond ring my friend ♪ if it makes you feel all right

♪ i will gift you anything my friend ♪ if it makes you feel all right ♪ i don't care too much for money ♪ money can't buy me love ♪ (♪) (♪) (♪) (♪) (♪) (♪)

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26, nasdaq down, i keep saying this but there' s not much price movements. lauren is looking at the movers. we better start with the scaler. stuart: lauren: cloud security company really great, earnings grew 130%, revenue 40% in the quarter. but they do not, investors are picky, they don't increase their billings guidance, kept a 25% growth. 130% and stock is down 30%. stuart: micron. lauren: they updated their forecast, they expect higher expenses, $90 million higher than first thought. enough to take it down 4%. stuart: where does rbc think boeing is going? lauren: $275 a share. a popular plane, they see

strong demand being sustained, record travel we are seeing, they expect to continue. stuart: haven't got news on deals. lauren: black friday and cyber monday, started looking around, you have to search for deals. i like them for that. stuart: thanks. record number of shoppers turning to their buy now pay later apps. could this payment method land people in more debt? lauren: that is essentially a new form of debt repackaged to. it is alone typically with no interest as long as you make your payments on time each month and it is getting more and more popular. adobe says it contributed to $940 million in online spending this cyber monday, up a

whopping 42.5% a year ago. despite its growing popularity, people we spoke to in dc are not fans. >> yesterday, i saw that maybe i should pull the trigger on that. safe to say i would consider it. you forget you haven't paid for it. still got to pay for it. if you can't get on the credit card online. >> sound like a trap spent too much. i want to pay with a debit card only the money i have. >> reporter: sounds like good financial advice. shoppers spent $12.4 billion yesterday, increase of 10% compared to last cyber monday. that doesn't mean everything is rosy this holiday shopping season. fed data shows credit card debt is as high as it has ever been

a rate at which people are falling behind on monthly credit card payments is also up. this morning we got new consumer confidence numbers. it rose and excitedly in november but only because last month's number was revised to the lowest it has been since last summer. i would say that aligns with the people we talk to this morning who said they are still spending big this holiday season but they are looking more carefully for deals and in some cases they might be buying fewer gifts compared to last christmas or the christmas before. stuart: i will follow up on that. gerald storch is with me. we just lost the video feed. what happened yesterday? he is back. can he hear me? yes. i used the expression strong to describe consumer spending over the thanksgiving weekend. you are retail expert and you

say i got it totally wrong. straighten me out. go right ahead. >> i would never say totally wrong. i know how much i love facts. the report everyone is referencing from adobe analytics only covers e-commerce and online sales are at a record. they are not growing, nothing is growing. they are taking massive market share, september of this year online sales 87% versus last year. last month up 7 points. lack -- black friday was 7%. the same increase we see for a long time. e-commerce is only 1/4 of all retail sales. the rest happen in brick and mortar stores. the closer we get this to christmas the closer we come. what happens over the weekend in physical stores when everyone was shopping online on their mobile phone. the answer is not much.

it was pretty much flat. stores may be up 1%. the total, look at all retail sales, between 2, 2.5%, consistent with what we forecast for the year and below 4. 6%. %. inflation is 3.2%. sales are under 3% which they likely were, not even selling the same units. stuart: you mentioned of all retail sales 24% are e-commerce, online sales. about 1/4. do you see that percentage moving up inexorably? >> yeah. every one has sales. you account for automobiles. you can purchase automobiles from carvana. my kids have all their deals

through who burrito and things like that. it ranges from a low of 16%. everything to a high of 27% if they focus on traditional retail goods. that number is 1/4, definitely growing. online it is growing high single digits and the stores are barely up. every year you get another point that shifts the percentage into online. stuart: if i were to report the fact that we spent $12.4 billion on cybermonday, it is up 9.6% from last year. if i say that, cyber sales were strong, correct? >> there were a lot of great deals. not long ago cybermonday was in double digits from 10% to 20% or more. it has slowed down in terms of the pace from the rate because

it is hard to keep going into the sky. it was a healthy number for online sales. the issue is how much were extra sales for the economy. they were taken away from brick and mortar stores. stuart: i consider myself to have been straightened out and i appreciate that. come again before christmas. i want to hear your outlet for the christmas period. coming up, congress, thanksgiving, the george santos saga may be coming to a end. he's a republican, he will be expelled soon. we have a report on that. democrats want to place conditions on military aid to israel. i will ask mike gallagher if that's a good idea. the congressman's next.

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stuart: lawmakers on capitol hill, first time they have been there since the thanksgiving holiday. i don't mean to be sarcastic but are they up to anything useful? >> the president's spending request is the main focus and that will be the rush to christmas. it introduced aid to israel, ukraine, and taiwan. chuck schumer wants the bill on the floor next week. >> i want to be clear that aid to israel, ukraine, humanitarian aid for civilians in gaza and the indo pacific are all related and demand bipartisan cooperation. we don't have the luxury to pick and choose our national security challenges. >> reporter: mike turner believes the tight timeline would make it hard to pass before the holiday. schumer is threatening to keep

the senate in session through christmas to pass the plan. republicans insist the bill address border security. mike johnson signals that enhanced border security is a must if congress is to help ukraine. >> if there is to be additional assistance to ukraine which most of congress believe is important, we must also work at changing our own border support early. there's a lot of thoughtful negotiation ongoing, but most recognize need to work together because we owe that to the american people. >> reporter: the house returns today for the first time in two weeks. also on the docket the possible expulsion of gop representative george santos. stuart: congressman mike gallagher is with us. should be place restrictions on military aid to israel? >> no. there is no purpose, israel is

complying with international law, go above and beyond to do so. i fear this is not only posturing on the part of progressive democratic politicians but a manifestation of the increasing pressure being placed on his real as we have continuing calls for a cease-fire to go longer and longer. every day a cease-fire continues international pressure will grow greater on israel, hamas will grow stronger. we need to resist this movement. is real is following international law. hamas has slaughtered thousands of innocent civilians, using them as human shields, the president while flirting with restrictive when israel has it in his power to put sanctions on hamas for this barbaric practice of using human shields, a bill we passed in congress but he refuses to do so. we need to resist this effort hamstring israel while continuing our support of israel in their efforts to

destroy hamas. stuart: hamas has broken the cease-fire. this may interfere with a hostage deal. the terms of the deal, do you think -- you are not happy with the hostage deal exchange here. >> obviously you, your heart goes out to the families being reunited with their loved ones. if it were my kids all i would be focused on is getting my kids out. i completely understand that. as i read the deal we were supposed to see the red cross visiting the hostages, that didn't happen, hamas was supposed to separate mothers from children and we have reports that violating other aspect of the cease-fire, there is supposed to be in asymmetry. three hardened terrorists for every one innocent israeli civilian including kids, young women that are being released, there's no moral equivalence and there is a broader issue that i worry a cease-fire will become indefinite, allow hamas

to stay in tact and the pressure will build and american support for israel will flag and will allow hamas to remain in control of gaza from which it can further threaten the existence of israel and kill as many jews as possible. early one apart from diplomacy, from hostages, hostagetaking, is israel actually winning on the ground? >> i think so. it won't be easy. this is going to be a long operation. all the more reason we need to be steadfast but the idf has been successful wresting control of northern gaza from hamas terrorists and conducting coordination between ground units and air units as israeli forces have advanced and we see a decrease in rocket attacks in northern gaza but they are in the midst of dealing with a dual challenge of rooting out and entrenched hamas force from an underground terminal at work which was built using funds that were intended to improve the quality of life are gazan civilians, not wage war and israel is preparing for urban warfare. not going to be easy but with

our support i think they can get the job done. we've got to remain committed to dismantling hamas. stuart: thanks very much indeed. education secretary taking heat for flopping one of ronald reagan's iconic lines. years that line. >> the nine most terrifying words in the english language are i am from the government and i am here to help. stuart: we will show you how cardona misstated the former president and got it wrong. a high school in new york under investigation after hunting down a jewish teacher because she supported israel. brian kilmeade on that next. ♪ ♪

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stuart: the dow is now up one hundred points and the s&p is up five and the nasdaq is up 15 points. a modest rally on wall street. brian kilmeade joins us. hillcrest high school, queens, new york, under investigation, students to armed the hallways hunting down a jewish teacher who attended a pro-israel rally. why are so many black and

hispanic students supporting hamas? >> i have no idea why that is, how uneducated they are. to understand hamas, palestinian, the israeli situation, pay attention, understand what happened with the balfour declaration, understand what happened in 1948, understand how the country of israel came to become understand the palestinians walking away from the yala agreement, yasser arafat, hamas winning an election, you have to understand things, you can't just look at it and say i like the other guys. most of these people blocking bridges, storming classrooms, a whole bunch of jewish students hold up in the library trying to protect themselves against other students and we are seeing it again. it has to be organized because if you press these people on what they are standing up for they will embarrass themselves because they feel as though

they just see people bombing gaza as if october 7th didn't exist and it is insane to me. stuart: what are we going to do about this? how do we bring them back together again? how do you do this? brian: i am heartened to see mayor adams as outraged as you. is instant reaction, he speaks about it which he has done in the past. whatever you think of him i appreciate he stood up and spoke out and i don't think the nypd is allowed to act quick enough to bring these people out or stop bringing down posters and doing the things they are doing of hostages but i think it is time to get into the curriculum. in this city, if the mayor is serious and appointed education secretary is serious, start looking at the curriculum right away. it is there curriculum. just want to find out where did

you get this? what do you think happened in world war ii? what does it say here? what are you studying? would love to see a press conference addressing the education system. others like florida, texas, arizona, have school choice, they will pool their kids out and put them here. stuart: education secretary tried to quote reagan's famous line about government, didn't go over well. watch this. >> i think it was president reagan who said we are from the government, we are here to help. there's resources there, technical assistance and a playbook that can support the work you are doing. condé nast is a partner in this. stuart: did he get it wrong. he said government was dangerous, cardona thinks it's just great. how the oaks ln. this? brian: he said the 8 words you hate to hear most i am from the government and i'm here to help. he totally missed it.

it wasn't like i am a treasury secretary, not an english major, this is recent history at he doesn't understand what reagan meant. stuart: deal with this one. less than 50 days to the iowa caucuses, the latest real clear politics average puts trump 30 points ahead of desantis. the koch brothers just endorsed nikki haley and she's meeting with can layingone. what does that tell you? >> the koch brothers were out against trump last time. it didn't work. nikki haley is a good candidate. the more they see the more they like her but the polls are still 49-16 in her home state of south carolina. over 50% of the national paul, a substantial lead in new hampshire and desantis is going all in on iowa. formidable as heck.

nikki haley is trying the only way possible to damage trump. don't insult him directly because his supporters take it personal and you lose them. they will never come to you. trump beats biden, i beat him by more. stuart: hard break coming up. thank you very much indeed. eric schmidt on the need for a stronger us response to iran. jimmy phelan calling the biden presidency a dumpster fire. john katzimatireds. ♪

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>> trying to say that joe biden's presidency is doing well is like the captain of the titanic coming out on the deck as it sinks and saying, folk, i have great news, we have decided to identify this ship as a submarine. >> cons consumers are