consumer can't issue a containment resolution, right, to pay their bills. maria: yeah. it's really distressing. great conversation, everybody. we so appreciate your time, alfredo, joe, steve, john, cheryl, thank you so much. we are about 30 minutes away from the opening bell for a friday. the dow industrials right now down about 50 points off of the lows, off of the highs. the nasdaq right now down 73, and the s&p 500 down 8. we will continue to cover this tonight on maria bartiromo's "wall street." i will see you tonight on fox business at 7 p.m. and sunday morning on "sunday morning futures" on fox news. stuart, take it away. stuart: good morning, everyone. yes, it is jobs friday, and here's the news: 199,000 jobs added in november. the up employment rate came dowe down to 3.7%. the labor participation rate, 62.8%. now, you add it all up and this

shows a firm and resill e cent labor market. that would be my opinion. and president biden will no doubt can say it is the result of bidenomics. we expect manager from him later on today. 3.7% unemployment, we'll concentrate on that. here's the market's reaction, the dow, s&p and nasdaq down just a little. the theory being that a fairly firm labor market will not allow the federal reserve to lower interest rates anytime soon, so stocks marginally lower in this, in the morning session. interest rates, where are they going this morning? they're going up, actually. we have the yield on the 10-year treasury at 4.23%, that's a up 8 basis points. that's a move. and the 2-year, 4.68, up 9 basis points. again, that is a move to the upside. as for bitcoin, coming in now at $42 -- 43,600 each. gas, interesting, keeps on coming down. down almost one cent almost every day. you're at $3.18 for regular now, and it was down 2 cents overnight.

and, by the way, we still have 11 states under $3 a gallon. diesel down 2 cents overnight, $4.4 is the average on diesel -- 4.14, is the arm on diesel. politics, hunter biden indicted on tax charges. he owed $7 million from a ukrainian energy company and a chinese private equity firm. he spent it on sex, drugs and lavish living, but he didn't pay his taxes. this will play out as his father runs for re-election. it's been a very bad week for the president. he will close the week, by the way, with a fund raising trip to nevada and california. ticket toss a star-stud -- can tickets for a star-studded hollywood event up to a million dollars. an apolo sky from harvard's president, she had been asked if calling for the genocide of jews violated harvard's rules on harassment. he did not give a clear answer, and she now says, i'm sorry, words matter. ends quote. on the show today, vivek ramaswamy. after this week's debate he's

been called a blowhard and a little bastard. and he's way town in the polls too. what is his survival strategy? i'llly ask him. -- i'll ask him. and we will ask if college is worth it. friday, decemberth, 2023 -- december 8th, 2023. "varney & company" is about to begin. ♪ ♪ ♪ whoo's gonna work for the working man ♪ stuart: working man, bonn joe i have -- bon jovi. so we'd be start right there. we're going the start with the jobs report. 199 ,000 jobs added in november, the unemployment rate came down to 3.7%. take us all the way through it, lauren. lauren: let me point out the labor force participation rate staying at the pandemic high of

62.if 8%. that's a sign, a goodstein, that folks are looking for jobs and finding them. so where are they finding their jobs? 49,000 in government, 40,000 in leisure and hospital i think, that stayed strong. then you have the strikes being over, so you get 28,000 coming in in manufacturing, 17,000 in movies because the writers have returned. 38,000 in retail. these workers are making more money. wage growth up 4% annually. that is above the pace of inflation. it is a decent jobs report as i see it, and it sends the message next week to the fed jay powell at least sounds -- [laughter] hawkish because you haven't killed the labor market yet. stuart: that's right. he has not. that's correct. brian men if berg with us this morning. what's your takeaway? >> i think if it was a really strong job ises report, that dow futures number would be a lot lower than it is. it kind of popped down, it's come back up because 1 is out of 4 jobs were government jobs. that's not private sector hiring, that's not the strength

of the economy, that's government spending. so when i look at this report, i look at that government number, and i look at how the market's reacting. i don't see investor sayss -- investors saying this is a blow without report. stuart: it's a resilient labor market, right? >> i give you maybe resilient, but 1 out of 4 government jobs, stuart? that's not the capitalism, that's social isism. stuart you're hard to please. lauren: the labor force participation for women ages 25-554 is high, i don't know if that's good. one income isn't always cutting it. stuart: let's look at the market. some red ink, not a whole lot. i think you're right, brian, if it was a really strong labor market, those numbers would be much lower. down 60 on the dow, 70 on the nasdaq. scott shellady with us this friday morning. will the fed be cutting interest rates anytime soon after this labor report? >> no, is the answer, stuart.

that's a question that i pose if to a lot of the guests on my show, the same thing. look, i don't know when these folks think we're going to cut rates by march and cut them five times. i've asked the question, they say because the fed has said that they've raised rates to bring inflation down. well, or inflation's coming down, but your prices are still going up, right? the rate of change is coming down, but our prices in the grocery store are still going up. so now that we've come to a level where we've got inflation at 3.2%, does that mean they can start cutting? no, they have the keep them there. and you you know the band is 5-5 a.25, the fed funds rate. do you know what the average is over the last a 50 years? 5.42, so the idea should probably be replaced with normal for long or. i don't think we're going to get rate cuts because that means one of two things. number one, we've seen some sort of economic armageddon, right? and that's not good. and, number two, if we have, if

we're cutting rates, that means we've seen some sort of deflation. so i don't think that's going to bees case. i think we're going to be at this level for a long time, and that's not good for small business or the consumer. but what needs to be said real quick, stuart, is when we talk about inflation coming down, the prices a still going up but at a slower pace. the media a wants to make you think that's a good thing. that's like me telling you i'm gaining weight this year at a lesser rate than last year, so i'm getting skinnier. [laughter] stuart: i like that one. well done. separate subject for a second, but it's related. edward lawrence pressed the white house on president biden appearing to move away from using the expression bidenomics and all the buy mommics brand. -- bidenomics brand. watch this. >> reporter: the president has not said e that word since november 1st in a speech. he moving away from that term because it's not moving the poll numbers? >> so, look, let me just say last week we learned economic growth was higher. the president certainly has led on and talked about all the

time, very, very consistently. so when he talks about the economy, that is bidenomics. when he talks about what we're doing and how we're delivering for the american people, that is bidenomics. stuart okay, scott. do you think that biden finally realizes the economy is a losing issue for him? after today's jobs report, i don't think he thinks that. i think he says it's a winning issue for him. >> well, that'll be a mistake because, you know, we talk about the s&p 493, right? there's 7 stocks holding everything up. we talk about the s&p 493, it's a different story. that's what i said in the last segment there. the fact of the matter is this: we have compounding inflation. 3.2%, the inflation number we just got for november, that's on top of 7.7% last year, right? if so when you have compounding inflation just like you see compounding interest, that's why consumers are saying, hey, i'm paying 25% more at the grocery store. this ain't working out. prices respect coming down, they're just going up at a slower pace. bidenomics is a failure.

stuart: okay. we'll leave it right there, failure. i heard you. lauren: his e fringe on his jacket -- stuart: what's he got? lauren: it's new, i believe. stuart that's right. that's not your normal jacket. what is this? >> a little nod to gnash nashville. [laughter] stuart: okay. lauren: i had to point it out. stuart: when do you get back to your cow jacket. >> the audience has something to say. >> you know, the anniversary of my show is next month, been in nashville for almost three years, this was a little old to nashville, i put some fringe on it, a little bit of glitter, maybe you can call me the ripestone -- rhinestone cow guy. [laughter] stuart: we'll pass some judgment on your sartorial elegance next week. we'll do that. >> all right. stuart: all right. check futures real fast, please, because we're looking at some red red ink. i see the dow down 54 points as we speak. that's premarket. of. coming up, charlemagne the

god wants president biden to give the country the ultimate christmas gift. roll tape. >> biden's not getting any younger, here is not going to get -- he's not going to get any more popular so is, please, mr. president, give america the ultimate christmas gift and step aside. [applause] stuart whoa. i wonder if biden listens to charlemagne the god? trump was the overwhelming favorite in the fourth gop debate even though he wasn't there. presidential hopeful vivek ramaswamy, he's getting a lot of opposition. how does he plan to catch up? he's here after this. ♪ it's me, hi ♪ ♪

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stuart: hunter biden has been indicted on nine tax-related charges. jonathan hunt with us now. take us through what we know, please, jonathan. >> reporter: stu, good morning to you. behind me is the federal court building in downtown los angeles where hunter biden make his first court appearance on those nine tax charges with include -- which include threenies. the bottom line here -- three felonies. the bottom line according to special prosecutor david weiss is, quote, hunter biden spent millions of dollars on an extravagant lifestyle rather than paying his tax bills. and where the money was going makes for fascinating reading in the indictment. quote: between 2016 and october 15, 2020, the defendant spent this money on drugs, escorts and

girlfriends, luxury e hotels and rental properties, exotic cars, clothing and other items of a personal nature. in short, everything but his taxes. and here's just one fascinating payment detail. quote: a $1500 venmo payment on august 14, 2018. that payment, the indictment says, was to an exotic dancer at a strip club. the defendant described the payment mt. venmo transaction as for artwork. the exotic dancer had not sold him any artwork. now, hunter biden's attorneys have dismissed the entire case as much ado about pretty much nothing, saying that it should have been wrapped up with the priest misdemeanor deal and -- previous misdemeanor deal and that if hunter's last name was not bind, there would be no case. adding, quote, after five years of investigating with no new evidence and two years after a hunter paid his taxes in full, the u.s. attorney has piled on

nine new charges when he had agreed just months ago to resolve this matter with a pair of misdemeanors. now, it's important to point out, stu, that nowhere in the 56-page indictment is president biden mentioned, and there are certainly no accusation of any wrong doing on the part of the president. but as this begins to play out in the courts now with, as i say, an initial aexperience here at federal court in l.a., there will obviously be ramifications on the presidential campaign trail. by coincidence, president biden is due here in l.a. later today for two campaign fund raising events. we have no word, stu, on whether he will now meet with his now-indicted son. stu? stuart: jonathan hunt, or thank you very much, or indeed. okay, that's the president's son side of things, now let's go to the president. house are republicans plan to formalize their impeachment inquiry into president biden early next weak.

peter doocy joins us. what's the response from the white house to this, peter? >> reporter: stu, house republicans are still trying to connect, they're trying to trace money that originated overseas and went into hunter biden's accounts to accounts controlled by joe biden. >> we have now deposed witnesses who have thed under oath that he a talked to them on the phone. the evidence is overwhelming, and the american people see through this. it's time for the bidens to tell the truth. i mean, they cannot lie to the american people anymore. the walls are closing in on the president of the united states. >> reporter: here's that white house response: this baseless stunt is not rooted in facts or real estate, but -- reality, but in shameless desire to use their power to scare president biden. and it's worth noting in this latest 56-page indictment the only biden accused of wrongdoing is hunter. >> that remains to be seen. you know, the charges are against hunter biden. i have seen no indication that

there's any kind of connection between the president and the actions for which his son has been charged. that doesn't mean, however, that donald trump or republicans are not going to try to draw those connections. they've tried to weaponize, i think, the justice department in ways that is inconsistent with the best traditions of the department. we'll have to see how successful they are. but, again, i don't think there is any proof, any proof at this point that this is a connection between, you know, the allegations involving hunter biden and his father, the president of the united states. >> reporter: the house oversight committee has been at this for years, and they have so far not been able to provide any con create evidence that joe biden -- concrete evidence that joe biden profited from hunt orer's overseas business, but they are going to try with this impeachment inquiry set to start next week. stu. stuart: peter, thanks very much. how about this? a whopping 67% of an nbc focus group says donald trump won wednesday's debate even though he wasn't on the stage.

and look at this, this is the real clear politics polling. the average puts trump nearly 50 points ahead of second place ron desantis, and trump has, what, a 55-point lead against vivek ramaswamy who just happens to join us now. vi vehicle -- vivek, i don't see how you can even come in second place in this race. are you bitting at all on -- betting at all on iowa? >> we're betting heavily on iowa, to be frank ab that, stuart. that's where i'm talking to you from now. my view is this: many of the people coming to our events, and we're seeing large crowd sizes, many of them are first-time caucus goers. there are not bold, and i think that's unique to me -- polled. and that's unique to me in this race, many voters when are non-traditional republicans but care about america first values. we're seeing them come out in droves. we're going to see a major surprise on january 15th if we're right about that. i expect we're going to shatter expectations, and that's going

to propel us forward. we've seen that happen in iowa before, and i think that's what we're going stood. stuart: -- going to do. >> i've never seen anybody overcome a 55-point deficit. why don't you just drop out? >> well, look, stuart, i think that the america first movement deserves a candidate from the next generation. i have fresh legs. i come from the outside. i think it is going to take an outsider to get this job done. you get to be an outsider once, and i'm the outsider in this race. my suggestion is let's leave it to the voters where we've seen time and again how these polls running into the iowa a caucus have been dead wrong. i love where we're sitting in terms of expectations. iowa's initially a place that win knows down the field. i think in this particular place we're going to shatter the media's expectations, and on january 16th you and i have going to be having a very different conversation as many of those first-time, non-traditional caucus goers come out for us, and i remain

confident i'm going to be the nominee and the next president. stuart: you're nation a lot of criticism recently. the ceo of blackrock says you made false claims about him. chris christie called you a little bastard, and van jones says you're dangerous. you've got a lot of opposition here. how come you're drawing so much hostility? >> i think it's because when you speak the truth with conviction, it draws hostility from the likes of larry fink and van jones. the truth of the matter is larry fink has been abusing the money of american pensioners and are retirees for years, voting for political policies in corporate america's to boardrooms that most americans including his own clients and retirees that he represents do not agree with. so that's a may sure -- major failure he'd rather cover up by propping up, frankly, candidates in both parties hostile to the interests of most americans. van jones criticized me for making a simple statement about the democratic party's immigration platform that he himself was advancing several years ago but calls it the

equivalent of a conspiracy theory when i say it. so you're right, stuart, i am taking criticism what i view is from the right kind of people. bring it. in my case, i'm representing the people of this country. i don't report to any of them, i report to the people, and i think we're going to be successful. stuart: in 30 seconds, if trump wins, would you take a position in a trump cab met? -- cabinet? >> trump would have new full support as the nominee, but i'm not a plan b person, stuart. i didn't get to where i am at the age of 38 building multibillion dollar businesses and having the success i have by being a plan b person. i believe we're going to succeed in the mission, that's what i'm focused on. stuart: vivek ramaswamy, i hope we do have an interesting conversation right after the iowa caucuses. i'll hold you to it. >> i think we will. stuart see you later. quick check of futures, please. it's friday morning. seven minutes to go til the opening bell. we're down 80 on the nasdaq, of

60 on the dow. we'll be back. ♪ ♪ trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab.

stuart: all right, three minutes to go. we're looking at a minors loss on wall street when we open up trading. down about 100 for the nasdaq, down 70 for the dow. mark mahaney with us again. mark is reiterating his price target for netflix. i believe it's still $500. all right? by when? >> 12 months. that doesn't necessarily give you a lot of upside from here. we're at 450 now, so what's e that? 10% upside. i think the stock -- earnings estimates based on recent survey work we did are probably a little too conservative on the street. i think this stock can do, the company can do more like $20-22 earnings and the desperate 's closer to $19 -- the street's closer to $19. so maybe 2010-20% upside. to me, it speaks broadly about technology. we're in compounding land. we're no longer in a place of rerating where multiples are going to go up materially. that move happened this last year: looking forward now, it's

all about where are the highest quality assets that you can pound, that'll hold their multiple and the stock will go up as the earnings or free cash flow grows. stuart: yeah. the magnificent seven really spoiled us, didn't they? they went straight up and did well. talk to me about uber. you say it's turning a corner. it's priced at $60 a share now, up about $20 in the last 2 or 3 months, what's your price target in 2024? >> well, it's a 12-month price target of $75. and since we last talked, stu, the big news is they finally got added to the s&p 500. frankly, it occurred a few months like i -- than i thought it would, i thought it was a march quarter event, but it speaks volumes to the quality of the business. they've been rising up cash flow every quarter, so the s&p 500 committee has said this is a real business, and that's true. i also think there's just a lot of growth to come out of a name like uber just because it's such a broad utility in terms of offering you mobility, you know? those rides you need on friday

social nights, to the airport occasionally commuting like i do quite a lot, and they've also got delivery. and it's not just restaurants. it's going to be -- it's increasingly pet foods, groceries, itself it's no awe yahoo! -- etc. it's a utility that's addressing a $2 trillion damns. -- tams. i think we're going to look back on this, and it's going to be half a trillion market cap name in 5-10 is years. it's got that order of mag magnitude of upside. i like uber. stuart: well, i bought it a few days ago, a couple of weeks ago as a well, on your recommendation, mahaney, so you've got a lot rising -- riding on this. mark you're all right. okay. the bell is ringing. the backdrop for today's market action is the jobs report. the unemployment rate went down to 3.7%. number of jobs added to the economy, 199,000. a firm labor market. that's the backdrop for the market action today. the market is now open, and we've started on the dow with a

loss of just 40 points, that's a it. about two-thirds of the dow 30 are down, one-third up. the dow is down 45 points. move on to the s&p 500, please. it is down a tiny fraction, .18%. as for the nasdaq come positive is sit, where's that this morning? nearly half a percentage point which implies big tech's not doing well. show me, please. big with tech is down across the board. apple back to 193. microsoft, 368. meta, 323. amazon, 145. and alphabet, as in google, 134. apple just turned positive. let's start with lululemon. i used to call them the yoga pants people, but they're more than that now aty das -- nowadays. lauren, are they optimistic? doesn't look like they are. lauren: they said black friday was their biggest day ever, strongest day on record for them. if their third quarter was strong too. but that was up a double dose of good news and then they came out and said, well, our overall

holiday quarter forecast is just tepid, and down goes the stock. jeffreys is a major bear. they say sell lululemon and their price target, so the stock's at $4.52, $450, theirs is $250. it's a brand with, but they think the expectations have gotten too high for them, and there's so much competition. stuart: did they actually say it's going to go down to 250? lauren: stuart: really? that's a dramatic move. palantir, they want to help students flee anti-semitism on campus, so what are they doing? lauren: offering jobs to them, 180 of them. ing palantir is cofounded by peter thiel, a free speech absolutist, and its ceo, or alex carp, is jewish -- alex karp, is jewish. and he heard what the college presidents said on wednesday, and he said these schools are, quote, structurally incapable of taking steps to reform themselves. so if you're a jew on campus and

you don't feel safe, come to palantir. we will find a job for you. the company has been very outspoken in its support explicitly for israel, running full-page ads in newspapers, and they made all of hair battlefield management -- their battlefield software management tools available to israel. stuart: what do you say? >> is watch this space. more companies are hiring more kids without a college degree because they say we're better off if they don't get this indoctrination. stuart: show me broadcom, please. i think they're up this morning, and i think it's because of -- can larp a larp they were up and down in the premarket. yes, they have a strong a.i. forecast. one-quarter of their business will be a.i.ps next year. it's 15% now. so that's bullish. but theyal noted a cautious consumer. they raised their dividend by 14% to $5.25, and, of course, they've acquired a competitor, vmware, and the ceo says that

acquisition will boost broadcom revenue to $50 billion next year. stuart: not bad. it's up, what, 1.25% there. i'm interested in this and don't quite understand it. doordash. they're taking away the option to tip when wow check out. this is the just in new york city. let's get that clear. does that mean cheaper food? cheap or delivery? lauren: well -- stuart: no. [laughter] lauren: no, because they're adding service fee. this is doordash, uber eats and grubhub. a few weeks ago the three of us were sitting here and talking about the companies, these same companies that we're talking about now saying if you tip our drivers more, they'll be incentivized to ping your order faster. stuart: yes. lauren: and you guys said is, oh, i tip so big. and i was, like, how much is this worth? as of this past monday if you are a delivery person in new york city, you make $18 ab hour. doordash, uber eats, they want nothing to do with that. it's being forced upon them. so they've changed their tipping

rules. on doordash, you can tip after the check, and on uber eats you tip after you receive your food. the drivers are mad. they're calling this a trick. bottom line is, policies have consequences. you just added the cost to these cost for these companies to operate much more expensive. they don't want to completely gouge the consumer, so add a little service fee, tipping is optional. stuart that's interesting. >> they're letting consumers cut their own costs, basically, by tipping on the back end because they know consumers say if i've got to pay a lot for the delivery, i might walk down to the place, get my own food, stuart. stuart: is this a big deal? lauren: well, you were so confident that you should tip on the front end, remember? stuart no, i don't remember. lauren: he was. >> banging the table, i am a great tipper. i am a great tipper, stuart varney. stuart: but i've never had food delivered, ever. [laughter] i really don't know what you're talking about. all right, i'm -- lauren: aye not -- i'm not

imagining it. i'm not. stuart: i've got a far more interesting story. lauren: this is scary. stuart fedex, they've sent a warning to their contract drivers. what's the warning? lauren: someone might steal what's in your truck and hurt i row in the process. in memphis they surrounded a fedex truck and stole $100,000 of other people's stuff, holiday gifts, okay? so fedex has their own delivery drivers, but they also have about 7,000 contractors who are usually small businesses. this is their busy time of the year. they're sending a message to them, please be careful, reminders, lock the truck. just be very careful because organized crime is a thing, and they're noticing that it's happening. stuart: these stories like on doordash and fedex as well, they're stories which don't affect the stock price, and that's an important point to make. lauren: fuss for the fedex one, yeah. stuart: the we see fedex moving, but it's for other reasons entirely.

then we have stellantis. now, they're cutting some production at their detroit plant. why? lauren: and their toledo, ohio, plant because of california. california's stringent emission rules that other states follow. they're not selling as many gas-powered cars as a result, so they're going to cut jobs at these two plants. together the plants employ 10,000 workers, i don't have of a number for the jobs being cut, but they're hurting. jeep sales in the u.s. are down 4%, and stellantis' overall u.s. sales are 33% lower now than they were back in 2018. stuart: down by a third in five years, four years. that's not good. stuart: 2018 til now. stuart: moving on, stellantis is up 5 cents. coming up, don't forget to send in your friday feedback. e-mail us at varney viewers@fox.com. kansas senator roger marshall, he says the gop primary is a political charade.

he's a trump guy. i'll ask film question his -- he thinks trump is the only one that can beat biden. and an exchange with jason robinson. roll tape. are you an investor? >> i am. stuart: stocks? >> stocks. i have about 200 stocks. you should have me on as a guest and, look, i will speak to the common man who's doing his own stocks and just give a -- or a -- stuart: and now he's going to do just that. he'll speak to the average investor who's picking his or her own stocks. right after this. ♪ tell me that you love me, or yeah ♪

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stuart: 12 minutes into the trading day, not much red ink. down 4 on the dow, 1 on the s&p.

nasdaq down 19. joining us now, duck family treasure star jase robertson. jase, welcome back to the program. last time you were here you talked about your investments. now you're saying forget the magnificent 7, those big tech stocks, you've got js -- jase's merry 7. these are the stocks you're invested in right now. tell us. >> i do. i own the magnificent 7, but i'm just saying it gets a little annoying when everybody's best idea is amazon and tesla. [laughter] we got it. so i just look back on my portfolio over the last 5 years because, as investors, we're looking out at least 5 years, and i came up with these merry 7. meli, shopify, zscaler which is cybersecurity, e eli lilly, the tradedesk, axon -- which is personal defense, the police use

a lot of weapons that are not lethal -- amd, which is always known as a nvidia's cousin. but when you look back, all of these on average are up 400% over the last 5 years. stuart that's not bad. >> they beat every one of the magnificent 7 except tesla and nvidia. pretty good. [laughter] stuart: and these merry 7, you own them now, and you're going to hold them through next year? there's a 5-year investment for you? if. >> yeah. i'm not -- i've owned them for almost 5 years. i'm not going to sell these. my philosophy is winners keep winning. so so really you find the best companies, get 'em as cheap as possible and just hang on. stuart: how did you -- >> enjoy the ride. stuart: how did you start getting into investing? >> yeah, it's a funny story, you know? i came from nothing, had no money. all of a sudden duck dynasty happened. we convinced a lot of people to buy duck calls who didn't duck

hunt. [laughter] it was a marketing genius. they just saw us on tv. so our business boomed. so i had this money, so i invested it. but i was just noticing that the annual report that my guy had sold apple. and i knew nothing about investing, but i thought whatever decision that you made that led to this because, you know, phones are, like, people's kids now. stuart: yeah, that's true. [laughter] >> so i basically said, you're fired. i'm going to do this on my own. stuart you did it yourself. >> look, there's no fees and there's no charge for trades. stuart: that's right. >> so i'm starting off in the good. stuart: you are doing well. >> and i learn the companies for about a year and, hey, it's been successful. i've got a little group of guys that we bounce ideas off of each other, and it's basically free money. stuart: you've got a new christmas special on fox nation. i've got a clip. roll it, please. roll it. >> now that we're in the christmas spirit, i've got an idea.

gather up with the kids, all my kids. jeff, you bring jessica and your kids. murray, bring sheila. we'll just have a nashville christmas celebration. and we'll start a new tradition. we can treasure hunt in the morning. stuart: all right. what are your family's christmas traditions? if. >> well, the biggest thing on this episode, look, i gotta say we've done a lot of episodes. this is by far my favorite, and i appreciate you having me on because i really want people to see it. i actually got teared up at the end. we focus on jesus, which is all a really, you know, what we're about and gives us hope. and we sang. so i got teared up. but our biggest tradition, i would say, is having crawfish if pie -- crawfish pie and my mom's recipe is just like the holy grail. and so my lovely wife decided to take this project on.

and the cliffhanger of the episode is did she pull it off. yea or nay. it's fascinating. [laughter] stuart: we'll be watching. the christmas tradition, we'll bring it to fox nation. it's on there the now. thanks very much for joining us and come back and see us soon and tell us what else you're investing in. jase robertson, thank you. >> thank you, stuart. stuart: i want to know what people are doing to keep up with their holiday spending. because they're spending a lot of money, how are they keeping up? lauren: 31% are working overtime or taking a second job to pay the christmas bills. i think it's really empty baserring to say the your kids -- embarrassing the say to your kids i have to spend less this year. but the fact of the matter is, we have to spend less. three-quarters of us say inflation is influencing our holiday spending. so instead of trimming the budget, which many people are, a third of people are just working more to do the same thing as they did last year. stuart: what's wrong with that? louvre larp nothing. it's just depressing. you want to get ahead.

the best thing to do is set aside a little bit of money each month. so when christmas or hanukkah comes and all those bills come, you have a little bit of funds there to pay for it. >> but you can't do that when it's december. you ran out of year. lauren: correct. >> i mean, i think it's better for people to go work to pay their bills than to borrow, which is what most people are doing right now, racking up credit card bills. i don't like an economy that requires that, but it's better than borrowing and getting yourself in debt and then getting into 2024 and saying, oh, my goodness, now i've got to pay these bills. stuart: i'm with you on that one. jpmorgan says nearly everyone will be worse off financially next year than they were pre-pandemic. lauren: yeah. stuart: almost everybody? lauren: except the top 1%. because the cushion that we built during or because of lockdown is completely empty. so all those stimulus checks, whatever you had saved, you went true it. jpmorgan, they say everyone except the top 1% will fall

below the level of liquid assets that they had adjusted for inflation in march of 2020. stuart: wow. lauren: yep. >> how about that, all the government cash runs out, and and guess who are the ones who benefited? the top 1%. they always tell you that government's going to spend money to make the working class better, and here's your data. not true, actually. the 1, great. everyone else, working two jobs, borrow rowing. stuart: but what happened was all this money calm into the economy, and a lot of it went to the stock market, and the top 1% has a big with chunk of the stock market. lauren: and they have real estate. those values have gone straight the up. yeah. stuart: the rich are getting richer. lauren: and 66% of people if you had a surprise $2,000 bill, they couldn't pay it. stuart coming up, president biden's very bad week just got worse. the hunter charges made it the last straw. that will be my take, top of the hour. and there's this, you can check a.i. off your grocery list. i'm sorry cart's a.i.-powered smart cart is rolling out at

select grocery stores. we're going to have a demonstration of it next. ♪ welcome to the future ♪

stuart: all week long fox business has been giving you an inside if look at the a.i. revolution. madison alworth with us now. hey, madison, can you show us that smart cart? >> reporter: absolutely, stuart. this is the cart powered by instacart. this thing scans your items, weighs your produce, totals your bill all in the cart itself. i'm going to show you how it works. the a.i. tech is really in these sensors. when you put your item in, it scams it, recognizes it and add a -- scans it, recognizes it and adds it to your bill. the produce if part is really cool. i'm going to put in my item here, it's going to recognize it as a beefsteak tomato, and when i put it in the cart, there's a scale in the center. it weighs it right in the cart, right there, confirmed, and it's added to your cart just like that. now, these are in fareway here

in new york city, but you take a look at the grocery stores partnering with instacart, this is being rolled out across the country. those are all the retailers in select locations. technology like this, this could be the future of grocery stopping. grocery shopping. >> the future is you imagine walking through aisles of the cookie aisle and recommend other cookies perhaps you haven't bought before or cookies you can't haven't -- you haven't bought in a while. >> reporter: so that next piece, the recommendation, that's going to be the next a.i. revolution of caper. it's going to see your profile and know, suggest things to buy based off what you've bought in the past, your diet, things like that. the thing customers like the most is the total feature. when you talk about grocery shopping, it's gotten so ebbs tensive -- expensive, now you know your total as you're shopping. really cool stuff, stu. i'll send it back to you. stuart: yeah, that is cool stuff. assuming it works all the time. what have you got to say, brian?

>> i think that -- [laughter] they've been talking about this kind of thing for a long time. it's the dream, you know? you just do it all yourself right there in the cart. what happens then that thing breaks down? you know how when the wheels don't work and they can't fix that? lauren: and what problem we trying to of? is it that hard to go to the grocery store and maybe a nice little college kid who puts it in bags -- stuart: gotta go. brian, thank you very much for joining us. >> you bet. stuart: we'll be watching with the the big money show," 1 p.m. eastern here on fox business. still ahead, tammy bruce reacts to hunter biden being indicted on nine new charges. major adams dub mayor adams got a last minute meeting with the white house the discuss the migrant crisis. claudia tenney reacts. is she's from upstate new york. biden heads to california for a weekend of star-studded hollywood fund raisers.

california guy steph hilton on that. senator -- steve hilton on that. senator roger marshall joapted against -- voted against the ukraine and israel aid. he's on the show next. the 10:00 hour starts very soon. i work hard, and i want my money to work hard too. so, i use my freedom unlimited card. earning on my favorite soup. aaaaaah. got it. earning on that éclair. .. -this one? -nope. -this one? -yes. no. what? the big one. they're all the same size. wait! lemme get 'em all. i'm gonna get 'em all! earn big with chase freedom unlimited. how do you cashback? chase. make more of what's yours.

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