varney today. charles: i will be your final judge. maria: have a wonderful and safe holiday. charles: today is thanksgiving eve. for a lot of you, it is actually turning in to a travel night air. a reminder, this is the busiest travel day of the year. varney and company is about to begin. ♪ charles: let's head straight to reagan international airport.

>> i think that they will start getting worse here. starting to snow here in washington. kind of a slushy, when to remix. this is what the airport folks were worried about. you have to worry about deicing. it is the busiest travel day of the year. the highest since 2007. all of this thanks to the improving economy. so far, we have about 1000 delays here in the u.s. about 400 cancellation. this is from flight aware.com.

it takes all this data and puts it into what they call the misery map for travelers. this nor'easter is moving up. right now, the both cancellations are right there in your backyard at newark. charles: you started breaking up. whether it is rain, snow, it is always visible at newark airport. thanks a lot. let's check on the big board. relatively flat. all the action has been on the s&p and nasdaq. what take a look at the s&p 500. it is edging a little bit higher.

the national average for a gallon of regular is still holding steady. now we are up to 40 states and the $2 club. the average price of regular gas is below $3 in so many places. nicole petallides on the floor of the new york stock exchange. >> the stock is down 1.6%. the grain prices, though corn prices have been falling. with this in the future going forward, it is somewhat of a concern. they do not have the cash to buy this you quit that.

deer came in with numbers weaker than expected. charles: doubling its valuation to $40 billion. stuart said there is no way. >> they have a very high and user base. i know that some of them are pitching off and two papers. the cops are pretty clean. easy to use. i am willing to pay for it.

>> they are absolutely brilliant. one of the things, if you are a mom and you take your kids to school, you could run off to the airport. i got in the car the other night and the guy said, i am a college student. >> one more contradiction. look who is running it. he is one of the main lobbyists for them. charles: they are brilliant.

now, back to the "wall street journal." not with immigrants. i just sat down and made it quick. the distortions of obamacare. pricing. investment. hiring. the pool of people that sign up for it. >> what you are doing is incentives i think illegal

behavior. not to hire workers full-time. when a firm says we will not provide insurance, they have to pay a fine per worker. on top of this, these people will work for less money. you talk about distortion. >> look at all these part-time jobs that we are creating. that is not an accident. >> i love the "wall street journal" editorial page. this is where i disagree with

them. you must open. >> we stand for free markets, free people. it applies no sort. that is not what we stand for. charles: a prominent democrat turned on president obama. listen to what chuck schumer had to say about obamacare. roll the tape. >> we took their mandate and put all of our focus on the wrong problem. health care reform. charles: what he is saying to me, we went with obama's ego.

the middle of the recession. something that did nothing for the job market. >> i have been saying this for a long time. think about all of the stupid things that obama did. i covered the financial crisis. we were in desperate shape. he tried to raise taxes. he did obamacare. he did dodd-frank. it's schizophrenic. it made no sense. charles: harry reid cut a deal with the gop.

>> obama will say no to that. he understands the tide of the country is turning against him. this property is polling so far to the left. >> remember why he is wrong. it is not just obamacare. these guys came in and raise taxes. the democratic party, by the way, his friends on wall street have been warning him for years. it will not run forever.

>> i think it is good news. we have been debating whether or not obama will pull a bill clinton. i will be around more than 10 years from now. maybe i will play ball. at last, last count, 44 people arrested in the last 24 hours. last night was a bob ward subdued. they were posted throughout ferguson. meanwhile, protests across the country

colonel ralph peters is here after the break and he is fired up about this one. ♪

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how couin jellyfish, protein impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.

charles: let's check on the big board. time for your morning cooled report. the ocean drillers having a tough time. the stock is being crushed. hitting new lows. you would have thought this according to the street. look at the stock. hitting a new high. go pro planning is own line of drones. $500-$1000. congress, they had planned to renew tax breaks. the white house immediately weighed in. obama administration, they do want generous tax credits or the working poor. this was an amazing deal.

more importantly, harry reid and the republicans came up with an agreement on something. the first thing obama said was, no, i will veto this. >> there is only one democrat that really matters in this country and that is the president. i said it on this show, his policies, which involve the executive orders and zero compromise with republicans and even people in his own party, they will eventually hurt hillary clinton's chances in 2016. charles: a lot of things that the president likes, $4000 for sending your kids to college, those kind of things, he wants

renewed. all of these things expired december 31. he has boxed himself in a corner here. >> yes, he has. kent baucus did it two years ago. it was a terrific reform. it was not perfect, but it was a big package. >> just step back a minute. i am trying to be respectful. there is a petulance here. if you get five or six things, something with obamacare, maybe getting rid of the device packs, there would be agreement it would help the economy. charles: he got tired of

congress. it is my way or the highway. more regulations from the obama administration. they will hit power plants and fact trees across the midwest really hard. colonel ralph peters is here to weigh in. china cut a deal two days later with australia that was absolutely amazing. in the meantime, we are putting in these requests or demands while they pollute and all they want until 2030. >> i do not understand how they took a victory lap. since china is destroying their environment, we should destroy

towers to? >> no. why should we destroy our economy? >> charles, i am sick and tired of this. i stand for america the beautiful. i think clean air is patriotic. the issue is not either or. intelligent, and he said people have to come together. we do not want radical environmentalists making the rules. i also do not want peabody coal. >> if you wait long enough, they will go out of business. we put thousands of americans out of business. >> follow me on this.

it cannot be done in the time span that they did it on. >> i am not defending the policies. >> i know cool. hard cold, hard people. the power companies that use cool, they are lying to the american people. we do have cleaned coal burning technology. i go hiking with my wife in the blue ridge. west, northwest to the ohio valley. i see a brown smog 100 miles away. i want them to do their part for this country. stop lying.

charles: even coal companies are willing to make the adjustmentse overnight. i think that is the problem. these are powerful fuels. are they unpatriotic? >> a very one-sided issue. if we can get clean air, two,

what is wrong with it? member out detroit screamed and cried. guess what -- charles: we are getting a bad signal. i really love this discussion with you. we have to pick this up another time. we are asking people, what do you think? this is a great holiday. we will have responses right after this.

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>> i am thankful for my family. thankful that i have a house and a place to live in. >> being healthy enough to travel. we are very fortunate. charles: those are some great answers. that little girl hit it on the head, though. >> family, friends, health. all of the heap of the above. charles: coming up next hour, we will discuss being thankful. [laughter] charles: i want to get to the

question that has been firing our production staff all morning long. we will ask you about this. barbara disagrees with the idea. you take a day to give thanks for all that has been provided. let us know what you think, if you have not already. this storm could put a damper on your holiday travel plans. drivers being worn to stay off the roads. we will have a live report. ♪

charles: take a look at the s&p 500. that is up. great news for your wallet. the national average for a gallon of regular still holding

steady. we are now up to 40 states in the $2 club. averaging above $3 a gallon. rain or snow hitting the east coast on the busiest travel day of the year. maria molina is live in the travel center. >> we still have areas of rain across parts of florida open to the carolinas. this white stuff here. also picking up that snowfall. especially along some of those higher elevations. you can see more than three hours on average.

a big concern out here is not just the rain and snow. the very strong wind. that in itself will cause travel delays. all the way down through parts of virginia and west virginia. a bit tricky part of the forecast today is what will happen as far as snowfall accumulation. we have that rain, snow line right along these areas. you see snow mixing into that rain in new york city. some of the darker blue is accumulations. very significant out there.

farther off towards the west, we also have a clipper system moving through. very cold temperatures and gusty wind. parts of the northern rockies northern rockies also looking at some snow moving through. take a look at the rest of the country. looking pretty good. sixtys and 70s out there. not everyone is dealing with that travel weather. >> that is right. you get laguardia and jfk shut down, that shuts down everyone. golden corral. picking up 50,000 turkeys. off to serve tomorrow.

open on thanksgiving. it almost sounds counterintuitive. >> it has. first of all, happy things giving to you, charles. we have been open for 20 years on thanksgiving day. no other restaurants or a few other restaurants were open. in fact now, most all restaurants are open. the industry is looking for a big day tomorrow. what makes this so special? >> the business is really good. the reason is because people want to spend time with their

family. when there is an opportunity to spend time with your family before the meal at home and not cooking. charles: this trend is more prevalent with younger families. have we seen some sort of paradigm shift, if you will with americans willing to eat out more and more no matter what the cost. >> though one point oh, one of the points they came up with is there is more interest in dining out during the holidays. we see that in our own business. it is very strong. mother's day is our biggest day. father's day is next.

the next day is thanksgiving day. these new regulations, they require restaurant chains like yours to post these calorie counts. and lots of smaller restaurants are sending this is too much. >> first of all, the law only applies to chains of 20 restaurants or more. the small independents are not covered in this legislation. the industry should not be surprised. this is part of the affordable care act. they participated in the development of the legislation. this really is not news to us. we have been working on this for a long time. how do we tell people how many calories are in the food they

are eating? charles: how do you do that? it is like every man for himself. [laughter] >> we decided to put the calories and some identifiable quantity. you can get an idea of how it will work for them. charles: thank you very much. happy thanksgiving. good luck tomorrow. it sounds like you have everything covered. >> thank you, charles. thank you for having me. and australian made his case for why we live in the greatest country in the world.

for. ♪ >> back and forth action today after some mixed economic news. the dow is down. the s&p and nasdaq to have up arrows. some of the dow winners hitting highs including cisco systems, disney, united healthcare and also the self. energy under pressure. oil at 74.05 right now. hewlett-packard profit dropped. the stock is gaining. of about 3.5%.

dreamworks, morgan stanley moving it to overweight. "varney & company" is coming up. ♪ you pay your auto insurance premium every month on the dot. you're like the poster child for paying on time. up nce if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, or new light. liberty mutual insurance.

♪ (holiday mhey! is playing) i guess we're going to need a new santa ♪(the music builds to a climax.) more people are coming to audi than ever before. see why now is the best time. audi will cover your first month's payment on select models at the season of audi sales event. visit audioffers.com today. charles: protesters aiming to hurt retailers over the michael brown shooting.

we are always seeing this taken advantage of a strategy. >> no justice. no profit. that is just ridiculous. this grand jury stopped for three months. they released 24 volumes of testimony. we now know exactly what happened. you are right. it is being diverted. this is being used. it is quite destructive. what is the point of boycotting stores? you are hurting the livelihood of ordinary people. both the workers and the owners. charles: anger and hatred. the obama administration quietly debuts 3400 new regulations.

everything from rules to population to what kind of fabric your couch is made out of. nick adams is the author of the american boomerang and he joins us now. they have new regulations on lance, ice makers, opal upholstery. a lot of people feel like they have lost their freedom. >> do not give up yet. it is exactly what we saw last night. america they are being deceived by a heavy burden. the fear is warranted with what we saw last night.

the burden of america is strangling america's prosperity. charles: i talk about this a lot on my show. americans still believe that a work at athletic can get you ahead. fewer and fewer people are believing and a main cornerstone of what made us great in the first place. less than 50% believe this, we cannot make it happen. >> yes. that is why america is in trouble. they are what makes america great. it dampens creativity. it creates uncertainty. it lowers the standard of living for all americans. the burden will lead to wage

growth and for product unity. charles: it looks like you want to get in here. >> it did not work. it is there for everyone to see. the average american understands that this is not normal. our 2% of economy is not normal. americans obviously hate this. they will vote somebody else in 2016. >> i hope it is not president clinton. >> she is a horrible politician. who is going to vote for her? >> mary is okay with open border. >> this is the place where it is

at, charles. >> best buy, one of the top black friday destinations. up next, our own lauren simonetti has a behind-the-scenes look at what best buy has to do to prepare for this big day. ♪

you don't need to think that makes our lives possible. because we do. we're exxonmobil... and powering the world responsibly is our job. because boiling an egg...

isn't as simple as just boiling an egg. life takes energy. energy lives here.

>> looking at the big board. lackluster trading. the nasdaq up really big. remember a couple of years ago, they were supposed to go out of business. the biggest shopping day of the year. looking at what they are doing to prepare for black friday. check this out. >> this is the first time best buy has ever let a camera and tied it stores to film the chaos.

>> we only allow a certain amount of people in the store to keep it smooth. we make sure everybody knows what we have in stock. >> how big does the line get feedback anywhere from 1023, 4000. >> this is what the door buster ticket looks like. this is for the apple ipad heir to. >> that is right. just go to the designated area. it has your name on it. you are ready to go. what is the best reaction you have gotten from somebody online? customers know that we have a limited amount.

we have to get all hands on deck this year. >> how do you guys sleep? how do you figure out the schedules to make sure that you get sleep? [laughter] charles: i have been asking the same question for a long time now. [laughter] >> it was cool. you think about these frenzied lines and mad dashes of people. they rehearse. it is very smooth. everyone stays safe. it is organized. charles: two years ago, i think, "varney & company" had black friday on death watch. how did they turn this around? why are 1000 people waiting in

line in the cold? >> that ipad heir to, $100 off. that is a great deal. they are also looking at the competition. they opened up on thanksgiving a lot earlier than best buy did. best buy lost business. they have to please their shareholders. they have to get to a half billion dollars. they need to get some of that. they are open. maybe reluctantly, but they are opening in the right way. it is organized. >> did you get a sense on that curved tv get? >> i did not really look for that one.

charles: i think it looks cool in the commercials. i am always late to test knowledge he and everything. i just bought my wife a new apple computer. everyone is up to date, but i am not. >> 50% off the entire site today. i wonder what the do will be like thursday and friday. president obama threatens a veto on a bill. has the president lost his party? the "wall street journal," he is up next. the second hour just minutes away. ♪ textile production in spain, and the use of medical technology in the u.s.?

at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of r mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscleid loy for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use

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learning being a lame duck takes a lot of work as he and his team work the phones feverishly to stave off a potential bipartisan tax bill, vowing to veto it if it hits his desk. harry reid is the architect of this major tax bill and he works closely with republicans to make it happen. the deal seek to make permanent 55 tax breaks scheduled to expire in december telling them for $40 billion and include break near and dear to both sides of the aisle. here are some of them. $156 billion tax credit, $73 billion for small business investments, $97 billion college costs called the american opportunity tax credit, $16 billion in charitable giving coupled with comments from prominent democratic senator chuck schumer and it seems the obama legacy is taking a licking as the troops abandon ship. here is what the senator had to say. >> democrats blew the opportunity the american people

gave. we took their mandate and put their focus on the wrong problem. health-care reform. americans were crying out for the end to the recession. for better wages and more jobs, not changes in health care. ♪ >> the wall street journal's dan henninger is here. i got to tell you something. it seems like the democrats are in full on revolts of president obama, distancing themselves, harry reid cutting a bill with the democrats and of course chuck schumer saying we blew it with obamacare. >> president obama was going to change washington. i tell you something, this tax bill is perfect. this is what used to be known in washington as a christmas tree bill. it has a little something on it

for everyone and your description just touched the tip of the christmas tree. you know why harry reid is supporting this bill is to include a deduction for sales tax in nevada. that is a christmas tree bill. some of these make economic sense and what they're trying to do. the reason that exists is the corporate tax rate in the united states, is the highest in the industrial world. income-tax rates are high at the high end as well. it has always been understood in washington that you cannot have these high tax rates unless you create all of these exemptions and loopholes. that is what the tax cut is the mess that it is. charles: the president comes in, the tax code, make it simpler but it is ultimately going to become more complicated whether

now or somewhere down all roads to adjust to policies. >> the white house, a child tax credits and income-tax credit pushed into this bill and they are saying it only benefits well-heeled well-connected corporations. every provision in that bill whether it is helping poor people or corporations, has a lobbyist behind it. it will heal the lobbyists pushing for it and that is the way the tax system works in washington. president obama was embarrassed in the middle of the least attractive aspects of what washington had become. now we have people like chuck schumer saying we are getting off the obama train all together. charles: you just brought it up. there are things in this bill that obama wants desperately and they expire dec. 31st. what happens if there is no extension of the earned income tax credit, the suit covers and he put in war the child tax

credit or $4,000 deduction for college costs and those things. what happens? is he willing to roll the dice and let that expire as well? >> it is a game of chicken. when they come back in january the senate has it within its power to act but it may not have everything in it that president obama wants. does he want to get into a long-term game of chicken, so many participants waiting? these apply to tax bills this year in 2014. i think the solution is to go forward and do what some republicans like dave camp of house ways and means, paul ryan wants to get a complete new tax bill, rationalize the tax code, you have to get rid of a lot of these cats and dogs so you can lower rates and not have to engage in this unseemly horsetrading. charles: can that happen with the president still in the white house? >> it will be difficult because

the president could have had a lower corporate tax rate for the last five years but because he wants corporations to pay higher rates by including these exemptions they haven't been able to get that deal done. charles: how does it feel? you were spot on from day one. as the clock went on we have seen everything you want about come to fruition. is there any satisfaction with that or is it bittersweet? >> there is some satisfaction. the midterm elections suggest the american people themselves have decided that a lot of these promises and claims that big government was making in terms of benefiting them simply were not coming true. chuck schumer said in that speech the democrats are the party of government. they have to show how government

works. charles: >> the snow just started. it is very dark in new york city, could cause major headaches on the busiest travel day of the year. meteorologist janice dean is live in the weather center. i'm getting nervous about people who didn't make it to groundhogs. >> major delays at the airport, and traveling today, make sure you are aware there are a big delays, up until the i-95 cord or causes a ripple effect across the u.s. and the clippers system over the midwest will cause some delays for areas like chicago. here is the big system. area of low pressure developing off the coast and we're seeing the "imus in the morning" snow event west of i-95 the we are getting some mixing here. let's look at it right now. light green being reported in d.c. snow in philadelphia and rain in new york, it was

snowing. right on the line of rain and snow and that could cut back snow totals. and that is on average for philadelphia, an hour-and-a-half and this is 12:00, and we will see more delays, it is going to wind up through the evening and up towards the new england area. this is an interior section. that will cause delays but in terms of big snow totals is west of the i 95 corridor, with big cities, and would really depends on where that snow, rain line sets up. we up those snow totals if that rain and snow line waivers so we are into a now casting situations throughout the day where we are going moment by moment. thanksgiving day lot of people watching macy's thanksgiving day

parade in new york, a little windy but it won't affect the balloons. it will be a little chilly across the rest of the u.s. very nice for the southeast, chilly conditions here. we will watch a big storm system pushed to the north west down into central california and southern california for the weekend. otherwise a much quieter forecast but for now again, i 95, east coast, not fun. they say pack your patience, pack more than that i think. charles: have a great thanksgiving, appreciate it. want to check the big board. relatively quiet day, it was awful lot more. check out the nasdaq. was on a tear up 15 points. i got to tell you go pro is rocking, a lot of these names are up huge today. we will keep an eye on that. do you plan to hit the road for thanksgiving? regular gas holding steady at

$2.81 and now we are up to 40 states and the $2 club. when the average price of regular gas, we still have a few, over $3, a for the most part, 46 under three. would you buy a go pro drone? after the news broke the stock hop to. how high is the stock now? >> it is up 4% moment ago coming off of highs earlier but this news about drones broke on "varney and company," we saw stocks getting a jump that moved the nasdaq to highs we have not seen, let me tell you about go pro, you think of the cameras and while you are biking or surfing or real enthusiasts, but most talking about their own line of commercial drones. commercial drones are used for film making and construction and mining and it is an effective ban on their usage ndf a will be meeting next month to discuss

some rules for these multi order helicopters that are unmanned and this is what they are working on and the pricetag is between $500, and $1,000 and go pro continues to be the leader in wearable cameras. they face competition from sony and that is that year over year growth on those and they are delving into those as well. charles: let's stay on your money and bring in harry dent from tampa. you have two areas for the dow jones industrials that you see playing out over the next six months or so but neither ends well. want to explain it to us? >> we have been saying for months this is a bubble, keeps getting exponential, this recent superstar surge is the sharpest gain in the market in five weeks in the history of the stock market confirms we are in the late stage of the bible but the strength of the surge broke some key resistance levels, we're probably going to go higher

before this peaks so we look at this chart and we can bring it up. i see two scenarios, we have a supersharp surge. if we get a sharp crash again it goes below the last low, 15,800 on the dow that would say we peaked. if we get a more minor correction we are likely in the next four weeks or so going to surge in february, march, we could see a high as high as 19,000 on the dow. the resistance is the old high from the tech bubble and the nasdaq in early 2000, 5,050. that is 5% to 6%, more potential for this bubble, we are looking for a bigger crash if we go up that high in the next summit months. charles: the nasdaq has been on fire, the blue chips are relatively flat. you don't make any adjustments for inflation.

5,050, shouldn't that be a lot higher number if you adjust for inflation or doesn't matter with technical analysis? >> technical analysis, we do both, we look at charts with inflation-adjusted and not. we call it in silver, $49 was testing the high from the last bubble at $49 and 1980, that was an adjusted for inflation. i do think that this is the last major resistance in the stock market. it is a corrective wave and this is strong resistance that is only 5% higher than here. i think the market is due for a correction short-term but that correction will tell if it is going higher and as bearish as i and i favor we will go higher. charles: here is the key take away. audience should know 15,800 is the key number, we get there, that is when you want to take profits. weaken prop this all day long

but we are being told to rat. we will talk again. let's bring in tres knippa in chicago. i don't know if you were listening but what do you think of his comments? >> i want to know if we are going out on a limb. the market might go up or might go down. i like that. i am a big fan, i read a lot of his work, the work he has done on population dynamics is second to none. he is the expert in that space. i respect his opinion. i will point out one thing. if we take out the october lows that is a big problem, 100% agreed but let me tell you something else, taking jobs and taking bottoms is very difficult. if you think a sharp correction, look how cheap the vix is, the bottom of the screen the vix is trading below 12 if he needs and insurance policies on your

existing equity holdings you can buy options and options are very reasonably priced so if you think the car is going to crash and wants to buy insurance against the car, i am using the metaphor. you can buy these options, and the volatilities low. and a big nasty correction encounter coming, that is the option to go here. charles: everyone missed the rally because the crashes around the corner. have a great thanksgiving, appreciate it. >> in honor of thanksgiving we will look back at one of our all-time favorite reports from jeff flock. ♪

charles: we will talk turkey with jeff flock but first we have to bring it back to our

first thanksgiving on fox business. roll the tape. >> this is where turkeys are affected. this gentleman here vacuuming out the carpet. like a giant vacuum cleaner. charles: the man himself joins us from chicago. good memories. jeff: we try to break new ground and take you behind the scenes and sometimes there's a line there and often i don't know where that is until i have gone across the line. i can tell you is that since then, maybe this was a result of that report, turkey production in this country is at a low that it hasn't been since 1986. i hope it is not thanks to me and our trip to the farmers but there you go. despite that, prices have

remained steady. farm bureau does the survey, $0.11 down this year, the price of the average turkey, $21.65. the other big bargain for you this thanksgiving as you pointed out earlier if you're going to go somewhere nine of ten people travel by car. they're getting a rebate because gas prices are below $3 a gallon at every state in the union. overall cost of the thanksgiving meal, you see it there, pretty steady actually and somebody did it take out on comparing this, inflation adjusted dollars compared to what we spent in 1911. if the same meal was eaten today, $167.77 with inflation is what it would have cost in 1911 so we are getting a deal. we produce a lot of food in this country.

charles: i don't want to blame you but when p.m. i were vacuuming that turkey lost a few converts on that one. >> my phone or aimed from the highest levels of executive levels of the fox business network, you went over the line. i didn't know where the line was. charles: have a great thanksgiving. the drone industry, everybody is talking about it but it is struggling on tough f a a regulations and high costs so let's talk realistically about where the market is going and busts of the height we have been hearing, sky catch is one of the leading drone start ups. let's go through some of these myths, america is the world drone industry, isn't that true? >> thanks for having me. in many ways, the u.s. is one of the most advanced countries when

it comes to technology but when it comes to this area of regulation we are behind the rest of the world. charles: question number 2, home deliveries and drones, and right around the corner may be next christmas, true? >> it is going to be a while before we see yet sustainable solution for carrying products. it is not practical want the technology cost safety side. we see that amazon, lots of awareness into the drone industry and that is beneficial but the real important thing here is to know that flank of commercial drone is not very easy, requires a lot of skills and experience and this is why we put together a program called workload, rent a pilot and a drone suited for business owners

with short-term projects. charles: no doubt you guys benefit. that brings me to the last one, drones. the magic industrial even syria that they will revolutionize every industry. is that true? >> obviously i have a drone but. i love drone. i love technology but it is time for everyone to be realistic about the real use of drones and we believe the drones will be mostly used for collecting data for agriculture, planning, surveying, that is a real use of drones. the most important here is we need to move the faa to a more progressive technology friendly policies stand in order for us to truly see the true potential of the new drone market. charles: all right, you know what? i am still going to believe the hype the little bit. thanks a lot. obviously you guys have some big opportunities. appreciate you taking the time today. we hit the streets asking you

what your most thankful for this holiday and after the break we will play our favorite responses and dr. keith ablow will tell us what he is most painful for but first a piece of thanksgiving trivia. how many turkeys are sold annually in the united states for thanksgiving? 2 to deegan to 70, 281,285 million. send your answers on facebook or twitter. we will reveal the answer right after the break.

charles: there you have it. we ask if you knew how many turkeys were sold annually across the country. drum roll, 280 million. congratulations for being the first viewer to correctly guessed that on social media. i want to play more, what some people were most thankful for for the year. wrote it. >> health and relative peace in our country. >> my children and my health. >> i am thankful to be in the city. >> thank you for the wi-fi have been given. i am thankful to be here. to learn, absorb information. >> being here together, from two different places.

>> together to new york for thanksgiving. charles: family, learning. i know one guy we are thankful for at "varney and company" and that is dr. keith ablow. no psychological tricks here, what are you most thankful for this year? >> my kids are healthy, thank god. the rest of my family is healthy thank god. so really i think you can clarify some of this by saying relief is almost better than celebration. you almost have to invoke conlan ready in your life to say what would i have time for 5 was on the phone with a pediatrician giving the bad news? the answer is not much. you wouldn't rate trouble in business or other kinds of problems, they wouldn't touch the richter scale. i am thankful those are not

issues for me. i -- my heart goes out to people for the they are. charles: that is always an issue for somebody somewhere and even for time to time almost every one. i love the way you broke that down. i got to get your take on this. what is it about the holiday season in general. why is it we picked this time to be our best selves? you can set aside some and say i am looking forward to the next, people can say if you are in pretty good shape it is a nice time to be able to say i am a lucky guy or lucky woman. so that is one reason people can come out of themselves but i wish it could go viral to every day. charles: a lot of people not in the best of positions harden

very well. showing just how good they have it, i think. >> i tell people life is a labyrinth. keep stepping forward, it always goes to the center. charles: up next, fox business sector report. 17 of these stocks hit new all-time highs yesterday after this. 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500, its yield is doing a lot better... if you've had to become your own investment expert, maybe it's time for bny mellon, a different kind of wealth manager ...and black swans are unpredictable.

charles: check out the big board, same story, down 76, seven points but a really nice rally on the nasdaq driven by all the names you know. go pro, twitter, although stocks are up huge driving it higher. lower gas prices means more money in your pocket. still holding $32.81, now 40 states and the $2 club. the west coast some catching up to do. first we are going to focus on the retail sector joining us from san francisco area did michael, you have two big names wants to start with i think apple is the main one, right? >> yes, it is, people forget apple is a great retail operation to owners of the stores in the united states, merchandise moving like crazy,

great customer service, they had the former ceo to run retail. it shows how serious they are, and fantastic numbers. three times as much almost as michael kors or coach. they take retail operations very seriously and it is a big part of their sales success and when he started in the early to thousands, a lot of people were saying doomed to failure but instead one of the best retailers in the world. charles: the guy who created it got a pretty good deal, jcpenney, but they did not like the jcpenney material the way they did the iphone or the laptop. lot of investors who have missed this are wondering should they still chase it. what would you tell them? >> i still have it split adjusted price equivalent to

$1000 $1000 began predicting ine 2013. if you're worried about it, a cowboy split would work well where maybe you by half your normal position today and put in lowball. that is how i would play it, but i would not be sitting on the sidelines watching apple continue to go up. charles: i thought it was an absolute amazing report for several reasons. tell us why you like it. >> i like an ecosystem play and pictaken shuffle play. whether it is coach or apple, any time those cars go through there, you are getting a cut of the action. this is a really good technology company. they really know what they are doing, this vast network, data analytics. half of the office in the united states use it. and hooking up with apple pay,

continue to keep at the forefront of what is happening technologically and the margins are insane, almost a 60% operating margin. charles: what i saw the last quarter, the use of credit cards in the u.s. double the rate of debit cards. if that reverses and people start going i will start to use credit cards, this thing could go so much higher. >> yes, it is a good stable company so still a little bit of a safety element again. some people concerned with will happen with market in 2015. if there is a correction these names will go down a lot less than other names are. these a is a good play for the long haul because the use credit cards and apple pay is going to be important for this relationship with apple.

charles: they have it all covered, so do you. have a great holiday. next up, the housing sector. a lot of housing numbers out this morning. cheryl casone watches real estate. home sales came in somewhat disappointing. >> new-home sales a rise for october rising down. this is a trend we are seeing month over month advising the data. mortgage apps, pressure there. refinancing all of those deals, those are really drying up. and wages aren't keeping up. saw the jump. that shows he people are filingr employment. all of this means housing is under pressure. one of the things that hurt housing has been the fact i you see prices rise. all those investors who went

into flip the houses, that is all floyd down as well so if we could see prices at least even out in some parts of the country, the house recovery will get a little bit better. charles: i saw this report jump dramatically over 300,000 like the median price. one part that it is okay, but for the industry itself for people who think they missed the housing rebound, they want the prices to trip a little bit. >> the builders have been trying to play catch-up the last few quarters because they could not get the land deal, now that is all kind of flushing out. i think that is going to be a good thing because more americans can buy homes be at millennials are renting or living with mom and dad. this time for you to go, out of here.

>> first-time buyers under 3% for a long stretch, that number in a long stretch is like 30%. people complain about these banks. the lending standards are pretty tough. >> the lending standards are still pretty tight. there has been some as far as the threshold go, that has helped a little bit. banks are still pretty nervous. because you don't have an economy as you talk about you don't have an economy strengthening the way it should have been three or four years ago. charles: wages, wages, wages. the recovery is four years behind. thanks a lot, cheryl. buffalo still digging out from the devastating winter storm and we have more bad weather heading our way. up next the maker of an app who says early snow has been great for his business. how could switchgrass

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dupont down a half of 1%. getting orders for body cameras. also gaining 6.5% to the upside. after ferguson a lot of news pending there. stocks jumping. also, netflix suing the former vice president of operation saying he allegedly allowed kickbacks from vendors. tivo under pressure after a week outlook. more coming up. more "varney & company" after this. ♪

16 paying giving day known for three things. food, family and football. telling us about all of this. all three of these look like pretty good games. >> three divisional rivals going at it. you have to live and bears in detroit. you have to team set out to her father. the seattle for going up to play against the san francisco 49ers. there is no football viewing day.

it is so tightly impact right now. the arizona cardinals are randomly the best in that division. those two coaches, there is no love lost between them. now the rivals, two guys that don't like each other. charles: i sense a little cynicism. arizona audience. who is the real deal? the cowboys are for real. one week to another, you are not really sure.

>> on sunday there is a packers patriots game. mark sanchez, two years ago had the thought that both. this has been an amazing football season. >> i asked a lot of former nfl wide receivers. >> this is a loss. it is great for twitter. great for nike.

charles: actually pretty happy about all of this snow. and on-demand lawnmowing and snow plowing service. >> if every winter he shovels his house. i love this kid. tell us how this works for you. >> the app is really simple. it is available for both the apple and android system. when the file provider comes out, it is done all through the app.

>> what does that mean? >> we have providers in 30 countries right now. >> i have a pickup truck and i throw a pile in front. >> they all have general liability insurance and they have commercial grade equipment. >> we have to find something to do. >> sure. we are in the buffalo market. if a real good opportunity for us. charles: you guys rallied the troops from different states? >> we sure did. charles: you may win the nobel peace prize and make money.

someone offers you 100 million right now for the business, would you take it? >> i would think about it. i think it could be a $300 million business. what we are seeing right now is amazing. every week our customer base continues to grow. >> great idea. again, i am jealous. requiring restaurants to display calorie information for anything that they sell. these regulations will cost big time. ♪

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charles: lots of retail and restaurant workers have to report to duty for the holidays. the ceo of boston markets. he is doing just that. a lot of push back this year. all of a sudden it is the worst

thing in the world to tell someone to come in and work on thanksgiving. >> i have done that for 40 years. my wife volunteers so she works alongside of me. we love it. charles: how did you come up with that? >> that is how i started the business at some point in my life. they can still go home and have a thanksgiving meal with their

families. charles: the fact you started as an hourly worker means something. it is not really an argument for that, but an argument that our system is wrong. i think you are that appeared in the open what works. they have become this of the company. we encourage that. we want our companies to continue moving forward. you also get your results. you get the feedback almost instantaneously. it is a very rewarding experience. charles: it looks absolutely

fantastic. getting mentally prepared for tomorrow. calorie counts coming in. this hurts our business. the average person understands the difference in calories. what is the impact? >> we always want our customers to know what they are putting into their bodies. it is very important for us to share that with our customers. we do everything through the rotisserie. we provide healthier food. charles: thank you very much. appreciate it. more varney baxter. ♪

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16 thank you for watching. here is the you drop bolted. deirdre: global head of real estate and how it affects the decisions in the region. close to raising a new round of funding. speaking of. business, worth $60 billion. the cofounder and ceo is on with what part of that market he is capturing so far. it is a big face-off between government and google. the argument, google is unfairly steiff erring. the u.s. government is backing google. a similar proposal would