sean: welcome to the week that was and helping you for the week ahead. i'm cheryl kansas city chiefs kn for maria bartiromo. december has now set the record for the most monthly border encounters in u.s. history. even democrats are calling for more government action. >> this is unacceptable what's going on here in eagle pass, we feel ignored by the federal government. >> without real significant investment from the federal government, it won't be the city of chicago that won't be able to maintain the mission. it's the entire country that's now at stake. >> denver is ground zero and we need more government support.

>> those that should be helping us in government every step of the way critiqued us. i'm not seeing the light at the end of the tunnel. cheryl: this as a select group of senators back in negotiations pushing for enhanced border security to be includ includ ind resumed funding for ukraine, israel and taiwan. senator ron johnson sits on the homeland security chit tee. he joins me now. hello. >> hi, cheryl. cheryl: what we heard from was three different democrat mayors saying they're being crushed fiscally from these migrant buses in many cases coming into the cities and they want more money from the federal government so far theploiden administration saying no. >> the solution is wanting more money and we're plundering and

working and most of the president has his solution and more funding. more investment. the solution is stopping the flow, and i think the problem we have is such an order made to a larger problem even than under obama and president trump because joe biden wants an open border. joe biden and his allies in congress cause this. they are the root cause and so now they're finally addressing this because the action and solutions that are more funding and president biden and ukraine and israel and taiwan and funding was another $14 billion and approving the order or what'sen or make more -- massen or disburse. we need to shut this down. this is unprecedented level of migration that's going to require unprecedented action to shut it down, to stop the flow. that's what we need to do.

cheryl: how do you do that, senator, when the deputies control the senate? a democratic president and the house controls the pursestring asks that's a financial issue and in particular when you've got the biden administration that's looking basically for more money. they want to hire more lawyers to aid in processing. tens of thousands of migrants that are coming across the southern border. is there any type of bipartisanship in the senate with any of your democratic legs that understand what's happening at the boarder and also realize this is a political risk for democrats in 2024? >> we're certainly trying to use the administration design for leverage and trying to force administration to secure the border. i think kirstin sinema is serious about helping this and reducing the flow down from 14,000 a day down to 10. jay johnson said a thousand

myograns a day being encountered overwhelm the system. it's not just cvp and our bordel being overwhelmed here. it's overwhelming mayors in every type of city, large and small. it'll overwhelm education and law enforcement systems and public safety. 6 million migrants posted 2 million what they call got aways and known got aways and that's where we have no idea who the people are and going close to 6 million people went to honestly. this is going to have a repercussions for not only years and maybe decades to come. this is a disastrous kansas cite and democrats have to understand what a kansas city chiefs it's fio is and the -- catastrophe they've created and they want to go through the money and problem and that's not going to work. cheryl: good to hear that kirstin sinema from arizona is helping with this. those are senators understanding what's happening there as well.

we shall see but certainly this trip for mayorkas and blinken didn't seem to come up with anything and maybe a photo op and end of the day, and more about the fellow senator rick scott from florida. he is the most resent republican lawmaker to be swatted. this is a false 9-1-1 call claiming there was a shooting in his home. he says the victims are being specifically targeted, watch this. >> the whole goal is creating a deadly situation where somebody does something wrong and it puts every, put my family at risk if we were there. they want to terrorize our families and they put law enforcement at resident and can seems like it's people that supported israel and trump supporters and people like me up for reelection that they're going after because they want something bad to happen. they want to have a deadly incident.

cheryl: this after brandon williams and marjorie taylor green swatted on christmas day and happening to every day americans and serving jewish institutions in the country and risking people's lives as senator scott said and wasting time and wasting presence resources for law enforcement -- precious resources for lawsuit and is there anything that congress and senate can do about this because this is happening to lawmakers but also happening to many average american z as well. >> it's republican re-hence and will it's meant to create a deadly situation. we need the fbi putting a approximate of the effort they put enteronning up january 6 protesters to rounding up and bringing people to justice. who is doing the swatting ask and we need to throw the book at them and prosecute them and throw them in jail so it stops.

cheryl: before you run, senator, there's going to be a lot of legislative priorities on the docket for you and your colleague when is you return for 2024 and what's your biggest priority right now, sir? >> has to be securing the border. biden open border policies is clear and present danger and that's the number one priority and republicans and other things we need to dorks fund the government and whole list of things to do but we need to keep our nation safe and secure. we have director wray talking about the greatest threat from foreign terrorist osars and facing americans since he was in office. i wonder how the foreign terrorists come into the country and make sure the administration take this is seriously and i'm not sure they are but has to be a tom priority and all the fentanyl and chinese nationals

and security threat and national security threat at border. senator johnson, we appreciate your voice on all this. thank you for being here. >> have a happy new year. cheryl: all right, you too. well, a banner year for what you recollect thes. as we close out 2023 market strategist kenmy they're waiting for you. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow. with everything you need to deliver, you guessed it... more. one more thing... who's your rock? learn more at prudential.com ♪ students... students of any age, from anywhere. students in a new kind of classroom. ♪

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cheryl: the nasdaq logging best year in two decades and joining me is slate stone chief strategist kenny polcari. good to see you. >> happy new year. cheryl: happy new year. all the progress that's caters in 2023 and prognostic people.

everyone is looking for potential rate cuts and what's the outlooking look going to be and more importantly to make money in 2024. what are you seeing? >> i'm amazed we went for higher for longer and not talking about it and maybe two cuts and certainly six or seven and amazing what's happened over the last week and a half and the market is almost forcing that issue, i would say to people, be careful what you wish for and six or seven cuts would suggest we're in trouble and not that things are good. one or two cuts might say, we're tweaking a little bit and six or seven cuts will send the wrong message. that being said, do i think 2024 will be a good year? i do. like a repeat of 202?

no, not at all. it's an election year and let's be honest. markets go up in election year and they do. but let's also be honest and if the fed cuts, they'll cut in march and through the election and something they shouldn't do but i think that's going to help support the market in the long term. i suspect that if we see a back to normal 10-12% increase in the s&p which would take us to about a 52, 53, 5400 and some calling far 10% decline and taking us back to 4200 level and others calling for 15% advance and it's a wide range for sure. i'm in the camp that after we get through a difficult first quarter and second quarter, we rally in the second half of the year and have a 0 or 12% on the market as a whole. cheryl: that would make sense. the big story for 2023 was ai. nvidia, i mean the magnificent

seven but really about ai and so many that surrounded and the question mark for 2024 will be how does ai play out into other sectors that aren't technology. you know, is it mcdonalds, wal-mart, consumer companies, is it regular corporations utilizing ai to their benefit to boost their profits? i mean, what does that look like to you, kenny? >> i think that's right. ai will continue to be the story in 2024 and beyond. it's here to stay. it's not going away and just a matter of how much more economist indicated it and how different companies use and incorporate it and exposure to ai and bank and healthcare company and lo jazz ibrams and using ai to help manage your business. it's going to be about the sophistication of it and as we move forward and i think it's a story that's here to stay and all the sectors will benefit

whether it's oil expiration and services, whether it's mcdonalds and retailers, whether it's healthcare and i think they're all going to start using more and more. it's going to create opportunity across the boarder and i think technology will benefit and i'm not chasing technology and it's a great run and i own a budget technology and i'll continue to own them and not going to chase them and i look to put money in financials and benefit next year and healthcare with the performer and in 2023 and flat on the year dis ' change in 2024 and technology and starting to use technology and smart technology and ai and more in the process. cheryl: would you move money out of the more profitable trades and move it over. is that maybe sell some of the tactic a bit?

>> see, the only reason that i sell is to rebalance and out of balance and the actions had but in my case, i don't even do that and i take new money and put it in the other sectors and that ends up rebalancing my portfolio. i love apple, amazon, nvidia, microsoft, i'm not selling, i'll take to my grave. i'm not selling. cheryl: don't take them to your grave any time soon, we need you, kenny. we need your voice. before you go real quick, i'm putting you on the spot, favorite sector of 2024. what do you say? >> so i'm going to go with financials. cheryl: okay. okay. >> i love tech, but i'm going to financials. doesn't mean i'm not bullish on the other sectors, you said my favorite sector, i'm going with financials. cheryl: all right, there you have it. all right, we'll see how that

goes, kenny polcari, always great to talk to you. >> happy new year. cheryl: happy new year, kenny. taking control of your finances in 2024 as more voters say the american dream is slipping out of reach. the ramsey show cohost and finance expert georg he hits his mark —center stage—and is crushed by a baby grand piano. you're replacing me? customize and save with liberty bibberty. he doesn't even have a mustache. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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a storm ready wifi device. cheryl: more americans are losing faith in the american dream. the recent wall street journal poll finding only 36% believe that anyone who works hard can get ahead and that's down from 53% in 2012. the average age of home buyers is now 49. that is early intervention program from p 1 back in 1981 ad

inflation up more than 17% as biden took office. real wages are down nearly 3% and millions of retirement-aged americans and 50% of women and 47% of men have nothing in their savings accounts and credit card debt has hit a record high of $1.08 trillion. how can americans take control and turn their financial situation around in 2024? joining me now is the ramsey show cohost and personal finance expert george. great to see you. you're the author -- >> good to see you. happy new year. cheryl: congratulations on the new book, breaking free from broke. that launches january 16th. cheryl: these numbers show that americans are very, very nervous

about their financial health. >> oh, yeah, americans chose eyore as spirit animal and the inflation and housing market and thing to hold up the financial mayor and say i'm part of the problem too and it's all my fault and my responsibility to take control. america doesn't have to be land of the free and home of the broke if you choose to make a decision in 2024. cheryl: what's your advice to people struggling and is your advice geared more towards those seeing their sol larra and going as far as it used to, what do you say to that person? >> we take calls on the ramsey show and the issues are higher than they were and issues are i'm drawning in debt payments and the key is to ditch debt and inflation feels more like a pinch instead of a punch and way to do that is using the debt

snowball smallest to largest balance and aggressively attack the smallest debt and overcoming inflation and all the issues are facing inflation and debt is the number one problem we're seeing. cheryl: what did you make about the home ownership rates and mortgage rates in the 6% range, which is -- we're ending the year with -- it was i think in may it was -- may levels for mortgage rates. that's good but a lot of americans look at their home as their biggest investment and for the most part, that's true. it is your biggest financial asset. people are stuck. looking at mortgage rates and down payment and problems out there and do you believe in home ownership? is that part of the american dream in your opinion or no?

at this particular time tell you that renting is not a sin and not a waste of money. you're buying patience and wait till you're out of debt and emergency fund in place and have the down payment and don't buy before you're ready, regardless of what they tell you. in 1970, it was $30,000. that was a different time. cheryl: my parents in the early 80s, their mortgage rate was 14%. at least we're not at 14%. yeah, >> i remember those days. >> you mentioned th callers into the show. what's the concern for americans you're speaking with. >> breaking free from broke and a lot of people are calling in saying you have all these things i'm trying to do and invest and trying to save and trying to save up for vacation and upgrade the car. there's too many things at once and we sell them free come to

spend and for a lot of people, life hits them and they weren't prepared for it and it was a serious situation and put that expense on the credit cards and the payments and too high a payment and mortgage is too much to handle. all the compound as once and in the book i breakthrough and the sectors from the financial worlds and secret loans and awe sew loans and energy investing traps. cheryl: george, great advise and congratulations on the book. thank you for being here. george kamel. >> it's an honor. thank you. cheryl: one important thing that you need t (sfx: stone wheel crafting) ♪

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cheryl: welcome back. one thing to know ahead of next

week is people's goal of move it more. in 2024 a new forbes poll found the ne new year's resolution is improving finance and a few spots -- fitness and and a few spots below and most gyms in a few members within six months and in fact, most resolutions overall fizzle out after just three months and only 6% of people still stick with them. but remember if you ditch your fitness goal, make sure to cancel your jim membership because that's cost americans on average about # $52 a month. save the money. all right, that will do it for us. thank you for watching. have a happy and safe new year. good luck with your resolutions. ♪