tv Cavuto Coast to Coast FOX Business November 23, 2016 12:00pm-2:01pm EST
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what did ashley say? $59, that is right up your alley. and italian would look at that and say, you know -- stuart: five seconds left in this broadcast and i remember when turkey was $.69 a pound. neil: i remember you were walking to school both ways, uphill. have a great one. ashley, just deal. ashley: i will deal. neil: everyone focusing on the big day. the only route you choose will be crowded. denver and lax, and in new york, it doesn't look crowded, this is a live shot that doesn't empathize my point that it will
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be very crowded but trust me, within minutes of taking this down the crowds are going to come. just you wait. a point of reference, for next year we put in crowded shots. in the meantime donald trump is away from this madness. we got a lot into what he is planning to do. he is already leaking out the names that will populate his cabinet, top advisers, chief among them the ambassador to the united nations, charlie gasparino, managing editor, other names popping up and what they make early on, the names they have seen so far. what do you think? >> a tale of two beginnings.
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if you look at his cabinet choices including mitt romney, rudy giuliani, steve mnuchin, rudy giuliani will be homeland security or a battle going on, those are pretty strong people. jeff sessions will be a law and order a g and that is the good start. the bad start for donald trump is some of his waffling on key positions, you don't have to believe the new york times. a lot of viewers mistrust anything the new york times reports, but go to the transcript and listen to donald trump on bended knee at the new york times do a 180 on a lot of policy positions and clearly softening. he is not even in office yet technically. he is president-elect, bad sign when you start say i won't indict someone i call the crook
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for many years, won't get rid of obamacare, won't repeal it, not going to build a wall, maybe a fence. neil: there are things where he is pivoting to put it mildly, reading those remarks as did you, left with a clear impression there are no guaranteed bets here and maybe the choice of people is an early indicator of that. neil: i already spent that money. neil: a fox news alert for you. one thing i noted when i was listening to mark levin, popular radio host in the conservative committee and he was calling this president elect nixonian more than ronald reagan, not so much for watergate for the moderate to moderate liberal positions he seems to be taking on climate change, looking or talking to someone like mitt
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romney and disappointing those who thought he was going gangbusters on a lot of issues that defined his campaign including the wall thing or he is pivoting but there are a lot of ticks off conservatives. >> there is a lot going on and a lot to discuss. nikki haley's appointment proves that you can criticize trump as a republican during the campaign and end up on his team. she was one of his harshest critics early on in the primary, supported marco rubio, ted cruz, and as a governor he's not the kind of guy you want to see as president and when he won the nomination she backed off a bit, but her appointment coming now at an interesting time, we are getting all these people asking trump, demanding trump say something to denounce the white nationalists that are suddenly in the news all over the place. actions speak louder than words.
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and it was very big to people. >> those who bristled in the past, they are happy with that, not so conservatives and to an early point they are the ones very much part of that faction within the trump team, dead set oppo romney, dead set opposed to those who would be your mainstream choices for cabinet. they want the rowdy rabble-rousers, newt gingrich said, not be my first choice referring to romney, secretary of state, a bit of a tempest in a teapot. >> choices are the good part, those conservatives, depends on how you define conservative, someone as far right as keith bannon, who i like but i know
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his brand of politics. if you want to define him as conservative, he is far right, the mainstream consensus would be mitt romney would be a good secretary of state, very forceful. neil: there are factions and you know them better than i do, look at the stuff he said during the campaign, that is what they remember here but it will be tried hard to put a toothpaste back in the tube. they always find a way to do that but this wasn't just someone cutting the eventual nominee some sharp elbows. >> there are a few things going on with the romney possibility. first of all, maybe he is smarting than we are thinking if he is eliminating what might be a source of criticism. the team of rivals, getting people that might be critical,
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the other interesting thing is people throughout trump's campaign wondered how much he says he really believes, how much will the act on? neil: i use him as a proxy and he sounded pretty angry, overture to liberals and everything from climate change to how we deal with isis, you name it. might be more a fence. these are reversals that are fairly significant. >> the problem donald trump has with conservatives, mainstream conservatives, they are not conservatives has been the fact he was a liberal two years ago. he was for open borders. remember his explanation about abortion, what to do, you punish women for abortion, a liberal was telling, he said the woman deserves some punishment, that is something liberals have said for many years that conservatives never believed
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women who get abortions to be punished, they believe the doctor should be sanctioned. he was a liberal very recently. so that has someone like me, i am conservative, i look at certain policies, never wanted a wall but i'm for immigration control. neil: i am not trying to judge what he should be, but he is very different than what he campaigned as. he might be focusing on bigger issues that can bring home disaffected voters that go to him. but i am telling you these are pronounced steps in an opposite direction that have folks wondering where you are going. >> the romney thing is a perfect example because trump said he wanted to get friendlier with russia, spoke highly of vladimir putin and romney in 2012 said russia is our biggest geopolitical foe. at that time democrats made fun
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of him but how many options does he have? that might be something we are forgetting. i don't think he has a lot of people who are trump loyalists that would do a good job in something as important as being secretary of state. rudy giuliani, the guy, contracts, and could be a real problem, but i that new english, he wants rudy giuliani over mitt romney. stuart: you don't want to populate with vanilla candidates, judicial -- a difficult cabinet, stocking it with very much team of rivals, what abraham lincoln said, the base is scratching its head on this. charles: the other thing, people
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forget donald, these are his cabinet choices, the buck stops with him. he is going to run it as a ceo so no matter who he puts in he will only listen to himself and maybe his wife and not even them. if you know buddy buddy in the campaign, everybody was pretty and seek we us to donald trump. neil: everyone who second-guessed him, watch closely, in the meantime ben carson saying, telling me yesterday, thinking about that, housing and urban development, remember this? they are interested in having you to be a hud secretary. >> so many promises made over decades and nothing has been done. it has been a long-term interest
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of mine and i am thinking and praying seriously, we had offers. stuart: a hud position? >> if i would say that is one of the offers on the table. neil: doctor carson -- what do you make of that? he has been criticized for not having the background but made a good point with me, i grew up in an urban area, with crime and all the problems. that made me think, from the school of life, he knows the territory well but is that enough? >> happy thanksgiving. from the school of life, someone like doctor carson, there is not one thing he attempted in life that he has not successfully
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accomplished. hud secretary, anything this man cannot do, he has spent the better part of 30 years solving the most complex problems the medical world has ever known. he is up to the task of solving these problems as well. neil: health and human services, a top neurosurgeon would be more comfortable, a huge bureaucracy, and it is a hornet's nest. what do you think worked, his thinking on this? >> doctor carson's background, upbringing, being born in inner-city, detroit, understanding the problems that face inner cities, he definitely have a passion for advancing opportunities to underserved communities, he did that with cars and scholar fund, doctor
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carson has a big heart and is a problem solver and those of the things he is considering as this weekend. neil: i had a chance to get to know him over the course of this campaign dating back to when he challenged barack obama at that healthcare event. the one thing i noticed is he is such a gentleman, a dignified individual, you know the washington world, sharp elbows, get out of my way, this is my bureaucracy and before you got here, that could be a very different world. couldn't it? >> doctor carson is a gentleman, a statesman and my belief is that is what we need in washington, our government, and
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-- but -- with all due respect and be perceived by doctor carson's calm manner. he is a strong leader and while he speaks softly he commands respect and in my experience with him, he does not need to raise his voice to get things done and that is what i appreciate about being on his team. he's a great leader and has done amazing things. he would not have been accomplished the different things he has done in his life and building the reputation of the department of pediatric neurosurgery at johns hopkins, people will be surprised when they work with him because he does speak softly but he is a very amazing man, he would not have been able to accomplish the things he has done. neil: he stayed very calm,
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during surgery he separated more than his share of conjoined twins. to the best of my memory, in the history of seeking this office no one has done that. we will watch closely, thank you very much. take a look at chicago's o'hare airport. i know what you are thinking, doesn't look too crazy. in second it is going to get nuts. dave:
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neil: more people will be flying this thanksgiving extended weekend than we have seen in the past we 9 years, millions will take to the skies today and tomorrow, adam schapiro has more on what is going on. lou: it is calm. you can see there are people here but we haven't seen predictions like this about crowds and hassle since the presidential election results three weeks ago but they are expected to be crowd later this afternoon according to people at united and to look at the line we fire earlier this morning at airports across the country. 3.7 million people will fly over the next few days and over a 12 a period according to airlines for america 27 million people will be traveling. when you add up all the people traveling for the thanksgiving holiday by car, train, plane or bus it will be close to 49 million people according to aaa. the vast majority going by car. that said this is the most we have seen as far as people
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traveling since 2007 up over 2% and at newark liberty international airport it is smooth sailing. i want you to see this. you could book a ticket and get out with no hassle, no problem. what is to be mad about that? neil: the same people who forecast the election results were on top of the thanksgiving day crowd. any second, the very second we leave you. >> we can zoom in and make it look worse if you want. neil: my goal is to panic people. things are okay right now. thank you, adam schapiro. we are getting signs the weather could play into travel plans. >> i will bring everybody down again on the weather side, not bad, one store moving across the central part of the country, a
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similar set up last week which was a stronger storm fortunately, rain and snow and airports all green across the map, little delay at lax due to construction and a 15 minute delay going on in laguardia and that is where it was going. we might see delays later on around detroit and chicago but none should be that bad. the system moving through is strong, the rain not making its way to the southeast much, snow three photo five inches in places that can handle snow. this is how it plays through the day, the storm, center of low-pressure pools off to the north, the rain moving across the ohio valley, slick spots on the roads as you are driving and a little snow across parts of michigan in northern parts of wisconsin. tomorrow this storm we can do a lot but moves to the east coast. precipitation totals not that extreme and that is good news,
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thanksgiving day, precipitationwise not much going on, a little snow, a little bit of rain across coastal areas and snow across areas of maine and our attention will turn across the west, big storms moving into the west, rain or snow in the west anytime, that is something to be thankful for, we definitely need it. neil: two feet of snow. thank you very much. you are probably aware the markets have been running crazy since donald trump got elected president of the united states the giving up a little ground today but a lot of folks are confident is continues on and on through small stocks and that could be very good, when retailers hope the wind at their back.
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neil: looking at the dow jones industrial continuing to run up adding to record territory here. a little are for those traveling, if your sites include germany, pilots in germany will extend 24 hours, that is sort of the method by which you get in and out of germany, tangentially a european problem. and update, the pilot strike has extended another 24 hours looking for better pay, better benefits. this run-up in stocks has a lot to do with confidence, a better environment and fewer regulations in that environment.
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things are going to pick up for the economy under president trump. do you agree with that? >> we are thrilled with the progress we made, employees have done a nice of the last couple weeks, no question that our business has picked up over the last few weeks which we are encouraged by our progress in the fresh food portfolio and try to approaches, businesses like tvs and electronic started to pick up so we are encouraged by our progress and think there's a lot of upside going forward. neil: this is not political, what is going on shows consumer spending again. >> the consumer is moving forward, our business get stronger and stronger. no question that our traffic over the last few weeks has been very encouraging and consumers are looking for value and as they become more informed and educated where to find value our businesses responded very well.
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we are encouraged by that. neil: trend that may or may not help you, the number of online shopping by friday at 1:00 and four shoppers now it used to be close to half of them a few years ago. what is going on? is it friday itself not as significant or is it an every day event? >> in the macro what we have seen is what used to be a one day events turned into a couple weeks events and that is good for us. consumer's ability to find information about value benefits us a lot. our prices are better than most of our competitors so as consumers go online to research where to find the best value, it wins almost every time. the extension of the black friday holiday from what used to be a 1-day event to multi-week event helps us because we have a big vibrant growing fresh food
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business that before the holiday takes off and as we close tomorrow for thanksgiving day we get set up for friday morning where electronic business will explode so we are encouraged by that. neil: you stood by that trying to give your workers the day off, the opposite of the trend we saw going on as recently as last year. of the retailers following suit. what do you make of that? >> that is the easiest decision, we have been closed for ten years. it is the right thing to do. our employees have done a wonderful job serving our customers. i don't know if you worked in the retail store the whole day but you sleep that night, working really hard to serve our customers and we think it is the right thing to do to give him the holiday off, bright and early friday morning to serve our customers again but our employees will end up being more
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refreshed and able to serve our customers really well if we give them that day so we think it is the right thing to do and we will continue to do it as long as i can. neil: you assume they like being with their family but it depends. >> that is true. neil: have a great thanksgiving, thank you very much. >> have a great day. neil: there is one industry that is thankful about the election results and that is the goal industry benefiting right now from donald trump might with a wave of his hand onto the very regulations that put that industry under the gun. and in the immediate spotlight. after this. i love getting more for less.
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neil: call, call related investments in leon again in the coal industry look promising and like it have a future despite a president many argue is out to kill it, the president-elect very eager in reviving it, the west virginia coal association president, good to have you. it is good to have you back. we have a slight delay so i won't interrupt but let me ask you a little bit about what you make of mister trump's promised to help your industry on day one rescind the regulations the president put in place about the epa, many in the industry felt
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targeted them. >> we have been targeted for the last eight years for the war on call, we have been under assault and everything that has occurred has been administrative, regulations, rules, agency behavior so whoever is sitting in the white house, we are pleased donald trump won the election because he came through here and gave everyone a lot of hope that we are going to see a different day as regards to positive treatment of the coal industry and the coal generating electricity industry that uses coal to make its product and that is what we are hopeful, the infrastructure part he talks about will have new plants that will increase the demand that has diminished so much under the obama administration and we lost about 8000 jobs over the last eight years right here in west
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virginia and multiply that somewhere between five is a good number to use, more if you are close to the mining operations, it is very significant and there is more hope in west virginia today than there has been for a long time. they are very enthusiastic about it and looking forward to president trump and the things he can do, positive treatment of that, looking at it and raising everyone's positive attitude about the coal industry will be very good. neil: nevertheless, i am sure your industry is concerned about what seems to be a pivot. others call it a reversal on the part of the president-elect being with the new york times board of editors saying when it came to climate change he is apparently reassessing that but might be human activity that interacts affect our climate and gave people pause, maybe he wouldn't be zealous in ripping apart whatever we have on the subject with the rest of the
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world and maybe won't be as friendly to your industry as he appeared to be during the campaign. are you worried about that? >> gives you some concern but you got to think humans have something to do with this but no reason to punish the coal miners and the people here in appalachia as has been done over the last eight years and certainly since the introduction of the clean powerplant, negative answer around the coal industry, i am looking, president trump hopefully at least when he was here in may was so reassuring that he is going to do everything he can to put the coal miners back to work, we are certainly depending on that. if we look at everything else and take reasonable approaches to that, that is another world we have not had for the last almost eight years. neil: we will watch closely, have a great thanksgiving.
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>> i hope you have a good one, thank you. neil: new york city setting up security had of a big parade, marching behind me here, precautions they are taking this year below all others away. we will tell you about it after this. lytics help companies provide a better and faster customer experience. hello mr. kent. can i rebook your flight? i'm here! xerox customer care services... ...soon to be conduent. wait i'm here! mr. kent? (gasp) shark diving! xerox personalized employee portals help companies make benefits simple and accessible... from anywhere. hula dancing? cliff jumping! xerox human resource services... ...soon to be conduent. we asked people to write down
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nicole: your foxbusiness brief, we are seeing the dow off 25 points, holding that 19,000 mark, a record once again. it is a third straight record, the small-cap up every single day since the election. small caps, under that scenario. 11% throughout the day, drug trials fail and stock is down and taking this down, the healthcare stocks all along, and those are to the downside. holding on to down 19,000, it is down. because they know a deal is only as good as the network it's on. verizon gives you the best network and a lot more. our best deals of the year on top android phones. like the pixel, phone by google and the samsung galaxy s7. $10 per month and no trade-in required.
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neil: did you hear about a left-wing billionaire and the political strategies meet in a bar, this is a picture courtesy tmc, you see another guy on the left, mark cuban, steve and on the right, dining not far the hotel, what are they talking about? i can't read lips and if i could it is a freeze trained. it is odd, it is weird, what does that mean? we are reaching out and got some answers.
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i do know their breakfasts or ungodly expenses but that is just me. a live shot in palm beach, florida. a vacation home of the president, now the president-elect owns the place so it is like his place. he is visiting what was a vacation home for presidents at his own home. do we find this a sentiment? a humongous place twice the size of the white house, huge. you are looking at times square and it will be a busy place the next 24 hours out of the big parade tomorrow and all sorts of safety precautions, a truck rammed into crowds and killed dozens. former nypd officer right now,
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the block off streets, some nutcase can't do what was done in nice, they put up everything but what do you think? >> the nypd, it is no longer about prevention but preparation, it is about prevention. puts everything in a different perspective and you have the added, this is important, threat of the incoming first family in new york city. we know melania and baron trump will stay there to finish school so the nypd is on lightened alerts and getting decreased cooperation from federal partners over the next several minutes. stuart: neil: it is more crowded than it has ever been. a lot of folks here you have the added element, the president is a fixture after the transition period, his wife and son remain here. he intimated he might be
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spending a lot of days up here. who is responsible for locking that area down in those events, who is in charge of what? >> the nypd would read responsible for the city at large, the secret service would be responsible for the immediate area in the bubble surrounding the president, wherever the president moves. in tactical command to shut down the streets, pedestrian walkways and that sort of thing. neil: i talked with other authorities in the past, new york is famous for funding, say something and almost everything you see around here would warrant saying something. very cold weather as new york has been experiencing of late, what do you look for? >> the nypd is one of the most well-trained agencies in the world has interdicting illegal firearms. we have a street crime unit, highly effective unit and from
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day one of the academy you are trained to observe, look at the bulge in the waistband, the pocket of the coat grouping a little bit, somebody walking in a manner that might indicate they have something rigid in their pocket or down there and leg and nypd units are world-class experts at observing and interdicting these kinds of things was that is what they are looking for, using technology, it is a multilayered approach for every uniformed cop you see there are 6 or 7 layers you won't cnn is a good thing, we don't want the bad guys knowing what we are doing. neil: along the parade route, sixth avenue and central park, they will have the sand trucks set up on intersecting streets so that someone can't come charging through, get on the main avenue and do what they did in nice. it will be a lot of trouble covering a lot of streets and checking out a lot of individual folks walking and waiting on those streets, right?
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>> that is another place, another area where new york city is fortunate, they have a very large debarment of sanitation, department of transportation, thousands and thousands of trucks at their disposal they can fill with sand, fill with dirt, water, many cities don't have those resources at their immediate disposal that can be placed under the tactical command of the nypd. neil: i am sure it will work out, good chatting with you. overtime regulation the obama administration forced through voted by executive -- where essentially doubled the pay level at which overtime would take in. it used to be if you work more than 40 hours and earn $23,000 or so. overtime would kick in. the president redefined that to make it $47,000, now a judge is saying not so fast. he didn't say -- he said mister president.
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call unitedhealthcare today to learn more about your prescription drug options and find the plan that's right for you. ♪ neil: don't be fooled by the picture showing everything calm at chicago's o'hare. that music, is that what they are playing at both airports? that brings home the theme, it is not crazy, media reports to the contrary, it is very peaceful but here is what i know will be the case any minute. you know it, i know it. that is what they will be facing. we are not going to put a bug up here. let's just say it is filed but we don't know where we got the file.
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north do you or can you assume you won't be facing this. again, we got -- that is so in your future. we are keeping an eye on that. and the bond market as well, stocks racing highs, bonds holding their own, but they are going up and yield and down in price is normally what happens when the bond market, recovery coming along to pick up inflation, have mortgages north of 4%, people freaking up about that. and something better around the corner. a tad bit of inflation. and long before we see the new president-elect become president of the united states who is no fan of them including the overtime regulations that will double pay at which overtime will kick in, $24,000 to double that but the judges essentially
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said not so fast to gerri willis with all the details. gerri: from that the purpose of labor, it is not stopped in its tracks but it is on hold, suspended for now and here's what the rule would do, salaried workers making $47,476 or less per year would be eligible for overtime pay. why is this a big deal? overtime pay for a long time, $23,660, a juggling that level. president obama, one of the signature moves, why did he want to do that? to increase wages earned at the nation's fast food outlets in retail stores across the country. people on the other side of the equation, the business, chamber of commerce and others come of this is a big downer for people who own businesses, doubling that threshold of the problem.
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the judge overturned in texas, ironically appointee and overturned, not because of that doubling of the threshold but because it would go up every three years automatically, that is the part which he said it looked like the department of labor overstepping their bounds but we will keep an eye on this, businesses are moving in this direction because the deadline was december 1st so walmart for example has taken salaries of their assistant managers and moved them just over the threshold to $48,500 from $45,000. lots of businesses don't know what to do, concerned what steps to take next, not clear what will happen in the end. neil: if donald trump takes over and does what he said he was going to do it rescind that and he do that by executive order, the judge seems to be calling not so much early itself but keeping it in perpetuity and raising every few years, could president trump undo the whole
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thing? >> my understanding is he could come executive order would work in this case was i'm no expert on executive orders but that is what i am hearing from folks that yes he could, he could get in there and make a decision, we don't know yet, lots of concerns about this, two cases that arose out of this rule is one of those by a judge in texas who says you overstepped your bounds, we have to see if it is the last word on this. neil: a judge apparently did not say you step too far, sparky but i want to let you know the irony will be a president-elect trump who comes in a guest of executive orders and doing them by executive orders, it would be funny to see but we will see how that plays in washington, democrats seem to like them.
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don't know if -- attorney general is one of those who lead the charge in a lawsuit against the overtime rule saying the president was going too far and he did call him sparky, more after this. ted to tyour support for walking me through my first options trade. we only do it for everyone gary. well, i feel pretty smart. well, we're all about educating people on options strategies. well, don't worry, i won't let this accomplishment go to my head. i'm still the same old gary. wait, you forgot your french dictionary. oh, mucho gracias. get help on options trading with thinkorswim, only at td ameritrade.
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this is the bridge not too far from here. another one of the ways out of town for new yorkers who are starting their thanksgiving rush. the roads don't seem particularly crowded so i do keep talking about crowded roads. we are warning you. we should have footage from 1968. this could happen any second.
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we will also put you on the latest here. i think it's come up a l business operations. have he disentangled yourself from the. i have no intention of doing that. the traffic is moving will because a certain governor is not doing a traffic study. everybody should read the times transcript. of the sitdown they head with donald trump. i don't like the way and they ganged up on trumpet and didn't do the equal stuff but they did a smart thing the tv people should done the day before. go on the record with our reporters and that's what he
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did. and he revealed a lot of stuff about potential flip-flops that are coming. and also his business. makes no sense to me that there would not be that separation. in theory i can beat president of the united states and run my business 100 percent. i am phasing out very rapidly. i signed checks. kind of a stream of consciousness. here is the problem you can't run a business out of the white house. there are all of these anti- bribery statues that will trip you up. and they are leveraging off that . here's the interesting thing i think. why did he do the 180 on
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hillary clinton. people thought he would appoint a special prosecutor. he would continue to look at the co- mingling of hillary clinton's role as secretary of state plus the clinton foundation governments they gave money to her. he said his neck in a pursue that. that's another fascinating things. maybe he's going easy on her because he knows if he runs his business out of the white house what you want to avoid the appearance of that. abc's dollar signs. i don't know how he does totally. you put the kids in charge.
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they are doing government meetings. he's been have to figure out a chinese wall or he will get in trouble. even hillary who hit it. we can and kinda know what's going on. donald didn't hide the step. hillary clinton hit her behind-the-scenes notions. it's can be very problematic. every lawyer we spoke to said that there are these bright brief statutes that the minute you start doing business with someone and that person might have any sort of connection to government it will always be that jaded view. he should disentangle himself. i guess the easiest way to do it would be to separate all of his family members from the white house stuff. and head that.
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it's not as if you don't talk to your kids and give advice. you talk to a lobbyist. that is a conflict because that person has a business interest. if you help them out you might think it's good for the country it was nothing like that. >> we haven't have this in years. my father is still doing his thing. there was no blind trust. i'm wondering how he dances around this. i think you and i will be talking about this a lot. i think if he is smart he will separate them out of
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government. you can be peer. it's impossible. i want government to be smaller. and they have grown immensely since the election. it's off the charts right now. thank you very much. they reportedly join in the likes of webster university declaring itself a sanctuary campus. richard, i believe you are a graduate. with this sort of stuff happening back in your days.
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setting up the sanctuary. i think this whole sanctuary term has been taken out of there. we're talking about the best students. in a debate where megan callan was moderating. donald trump said to her we need to keep these great students or than nationally born students. they are the ones that are in a make the economy better. so the notion that somehow we can have these rates and they are saying when i cannot willingly turn over information if there is some sort of warrant or subpoena of course. when i can make life easier to deport these kids who are the best and the brightest.
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obviously they must be. they are taking extra efforts to make sure they are protected. they set this assent to students in an e-mail. that the university would not let immigration officials onto the campus without a warrant to provide the information. i can without a court order subpoena if you suspect that there are illegals there. they can't have it both ways. as long as they are receiving money from the department of education whether it be grants or subsidized student loans i believe they have to comply with federal immigration. no one's talking about massive raids or mass deportations. were talking about enforcing the law on the books and where columbia university and many other campuses across the country had stated this they cannot have it both ways.
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they can take money from the federal government and be able to charge excessive tuition and had the subsidized college education costs and then also go to the department and say we're not going to do that. enforcing the law the law that is on the books. what if it wasn't the best schools. were talking about principle were talking about the schools get money from the federal government could beat people be people who are working at the university. it could be staff members or there who are working. we do have this thing called a constitution and we do have laws that protect american citizens but not those who are not. when universities follow the likes of cities and whole regions that ignore that because they think that would
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be intimidating in run are they saying we find the constitution itself intimidating and wrong. all i was quoted earlier. after he deported. they were aspiring technology there might be others in the population there. >> their crime was being brought to this country by undocumented parents. they've got through public high schools. >> how do you know that the kids of undocumented aliens why can't it be the that undocumented folks themselves. columbia won't let you.
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all they're talking about. were talking about after these two to 3 million gang members the criminals that are going to be the first wave we are imagining this whole sanctuary discussion. we are imagining this whole sanctuary discussion. if you think they're hanging out in the cafeterias or in the classroom how would you know. if there is reason to think that they are there and the authorities have some authorization to come in. all these universities are saying is when i can make it easy for you. actually in a college setting. >> there making people go through hoops for something that is already u.s. law.
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>> it columbia really one to take a principled stand. were when i can and take subsidized student loans. in subsidized student loans. where to make it very difficult. it's completely hypocritical. i don't think it's a difficult. is just compliant with a federal authority. they have overstated work visas. let's say someone defied it for six years. they should be investigated. none to someone who is brought across the border 12 or 15 years ago.
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i'm not so sure. have a great thanksgiving. ever since donald trump's election. they're questioning why that is. what is really remarkable of what has gone on with small structs -- small stocks. it has been going at a pace that is nothing less than breakneck. it goes to 18%. what's going on here. more than half of that game just since donald trump -- was elected.
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we are getting word of another potential trump appointment she was have of the republican party for a while. she is a big advocate of school choice. it didn't go anywhere but she has nonetheless been very outspoken about the need for that. donald trump very impressed with her. very much a lightning rod within the educational community. michelle read the democrat was also in the running for this position but it would appear that that post is can it go to betsy for education secretary.
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mitt romney has been is being considered for the secretary of state position. charles payne looking and all of these developments in the market reaction. they have largely been favorable. what do you think. >> wall street has been a plotting thus far. i think this is probably with respect to education was the best choice. cheryl reed was a maverick. and she went through hell and washington dc but i think this is the right choice and echoes the thing that a lot of people want ultimately, we talk about the rustbelt and what's happened with manufacturing we must understand the next 100 years is the knowledge century. it's all about what we can do it with respect to coding and those can the things our schools particularly are in a disaster. they make a difference in kids lives.
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they make a difference in kids lives. what is so awful was just with just giving them a choice. you have to go to this ridiculous public school that's in your area you have a choice to make here and obviously would be performance-based and if you have a good public school there gonna want that school. and what what makes the public school better. the teachers union as an externally powerful union. there are places in chicago she has put herself in teachers and their pensions and have of the well-being of students. i can tell you even from personal experiences. all we had was x school teachers. and eventually they all quit. people that weren't looking at the clock who weren't used to
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this friends -- fringe benefits that you get. you need that sort of passion if you can ignite our kids to be competitive over the next 100 years. >> do you think they've gotten ahead of themselves. with all of those small cap stocks that had jumped about 12%. it's up almost 19% on the year. it's double what the dow and s&p have been doing. what the dow and s&p have been doing. first of all there was some momentum building into this economy right before the election. we've seen it with the retail cells and wages. there's also belief that donald trump will unlock something. we know that works. but unlocking something that has been locked away for eight years and as a key component.
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the self fulfilling aspect i think animal spirits. we saw with the consumer confidence report. and we are writing our wave. i cautioned the audience because my business has gone through the roof. and looking at portfolios and people who mostly sold all of the stocks at the low and realize they made a mistake keep in mind this is can be a long-term endeavor. i will admit. we talked about it on election night. i had people in the stock. it went up another three bucks yesterday. some of these are up a lot. ultimately build a portfolio around industrial names. and also the revival of main street i think you are can be very happy i do believe we are on the right track and i think most of america is buying into it.
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in the 1960s the average person heard a stock for three years. now it's three months. we remind them you stick around long term and you can change your life. >> we will see what happens. happy things giving. thank you for all of your great insight. boy does he ever live up to that. okay. that is leaving the peer but it doesn't seem like it's much traffic for now. ♪
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and following the throngs who have already left. and began a little early on things giving. how are things looking down there. there is a fairly big line outside of the tunnel. all of these people are anxious to get out to grandma's house to talk about the election. i have to tell you the productions that aaa has put out is that we will have record travel. most of them take their cars. i'm told. this particular heil -- this particular holiday. it may have to do with gas prices. it's like the second year in a row we've have relatively low gas prices. the last two years we've have very low gas prices.
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i will leave you with this with a look at a map we put together. they have all of the data on this. it could be frustrating to some. if you're watching summer we hope that you are saying i already am where i want to be. the worst time is now. maybe a few hours from now. i provided information at no cost and i tell you it supposed to be a record travel year. get out there and travel. good luck. they can listen on satellite radio.
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okay fine. thank you very much. have a great thanksgiving my friend. they are spending a million dollars per day in new york city in the middle of all of this just to protect donald trump and his family. we have more information coming up on that. we can have the complications of having his wife and his son stayed behind at the trump tower at least initially. how does that complicate things for enforcement folks. >> positives and negatives. the complications are urine trump tower fifth and 56.
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extremely densely populated. the moving of people in the closing off of traffic lights is can a cause some headaches. and frankly just for people driving through manhattan in a general area. having her up in new york although the million dollars a day figure is rather large had to say from an insider's perspective. the first lady in washington dc i standard first lady outfit where she's doing some traveling around the country those trips all cost a lot of money. she just ain't in new york and taking barron to school and back. budget wise is not that bad. the figure seems more impressive than it really is.
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>> obviously he has his apartment in new york in a home in florida. he doesn't strike me as i camp david guy camp david guy i could be wrong. he will have multiple venues to go to. kinda kind of like jfk. who have a florida compound and also this guy has multiple compounds and they're all quite large. and they're all in very public areas. what you do? >> and they all present different problems. you can't have an agent post you need we don't clone our people. it's difficult you're right. to compare it to what. if he's in a keep a really intense international travel schedule on a domestic travel schedule and he does think you two are you looking at a pretty serious manpower constraint based on exactly what you said the premise of a number different residences
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all over. and bush who really stayed in waco or dc. keep in mind one more thing about this. the new york field office can handle trump towers. they do it all the time. it's can be a bit of a manpower strain. the sense of urgency i don't live too far from there. i do listen to you on satellite radio i want that on the record he may be spinning his wheels but i'm not. thank you very much.
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hud department, housing and urban development. at first blush, what does a top neurosurgeon have to do with the housing and urban development, growing up on the streets of detroit the rough life taught him about the problems. karen benjamin on that. good to have you. >> thanks. neil: if it turns out to be dr. carson what do you make of that as a choice to head hud? >> definitely an interesting choice. i think his remarks that he made or that one of his spokespeople made he didn't feel qualified to run a federal agency, we kind of had some of the same concerns. we want to make sure the presidency is firing on all cylinders because people in america's largest cities need that to happen. we need them firing on all four cylinders. neil: what dr. carson was raising with me about this position for which at first blush he didn't seem qualified, you could make that about a lot
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of positions that people step into and mold it in their interests and liking, that he knows the shortcomings and how kids, particularly minority kids, get overlooked, and how the widening gap between the rich and the poor is most pronounceed in urban areas. what do you make of that and what if anything an administration or in this case a hud secretary can do about that? >> i think there is definitely room for some innovation. i think, there is no question that the next hud secretary is going to have a lot of chal mean. let's not forget about the large homelessness problems in some of america's largest cities. there is also a housing crunch, when you look at the biggest cities, only d.c. has lower vacancy rate over last several years. only atlanta seen housing production outpace the rental market. i think there is that. there is also though with his
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history in health care i think there is inextricable link, especially thinking about people living with chronic medical conditions between housing and health care. so hopefully he understands that and we think that there is some huge gains can be made. maybe even cost savings that can happen in madison. neil: i never thought of that but that is a very good point. one of the arguments that donald trump has been making through the whole campaign since becoming president-elect and i guess as president, he will push to this point a rising economic ship will lift all boats, or rising economic tide, and that that will help in this area, that you just spoke of. and that if you improve the economy enough and he have one can sense that and see that, everything's sort of falls in line with that, more housing because there will be more interest in building housing. more people can afford the housing, rents or owning it. what do you make of that argument? >> i think in a broad stroke that makes a lot of sense but i
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think that especially when we're talking about hud, we have to make sure that the most marginalized folks have an opportunity as well. you know, i spoke earlier with people living with chronic conditions, especially thinking about hiv and aids. folks living with hiv need to stay connected to care and having safe, stable, affordable housing is paramount to that. they can get to their doctors more frequently. they can, they're more likely to adhere to it treatment that is prescribed and less likely to access the e.r. as, instead of going to their primary care appointment. so i think that they have got to be really intentional about how they're building or how this rises. we don't want to see the people that have been left behind continue to be left behind. neil: well-put, jared, thank you for your time. hope you have a good thanksgiving. >> have a happy thanksgiving to you too.
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neil: jared benjamin. overtime rules blocked by a federal court. meet the guy that made that happen because he was first to raise the fight. nevada attorney general who is here and only here. [pony neighing] what? hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets you chat and share your screen directly with a live person right from the app, so you don't need a comfort pony. oh, so what about my motivational meerkat? in-app chat on thinkorswim. only at td ameritrade.
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closing the regular session, closing above 2200 first time. s&p down by a fraction of one point. there is still time to go during this trading session. look at two package delivery stocks well-outperforming the broad market index today. on the heels of black friday. the all-important holiday spending season is upon us. fedex and ups hitting lifetime highs. fedex up 1%. ups up well about 1%. as for comes of both companies year-to-date, both performing pretty well. fedex is the outperformer especially considering the s&p 500 index is up about 7.7% year-to-date. we'll have full black friday coverage here on fox business.
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neil: all right. well here's the thing about executive orders. they can sometimes be undone. meet a guy who made this one possible, where a judge slapped down what president obama wanted to do about essentially doubling the amount at which it would take for overtime to kick in. nevada attorney general joining us right now. applauding a judge's ruling that effectively puts kibosh on this but i understand, attorney general, only for now. he wants some language clarified. so he could reinstate it, right? >> no. the ruling was a great ruling for businesses and for states
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and for workers all across the country. you know, we obviously to the for -- fought for this. which felt it was important. this is type of rule we've seen out of this president. rules attorney generals fight against, rules out the scope of what federal authorities allow the department of labor to do. we think it's a tremendous victory. we hope this gives the trump administration time to address this issue and give our businesses and our states some relief. neil: now you know this issue intimately but one of the arguments for the judge sort of dismissing this for now, he didn't like the feature wherever few years you can index or raise that level at which overtime would kick in. that would lead me to believe, that the administration or lawyers around the administration were to straighten that language out it could be reimposed. what do you think? >> i don't see anything like that going on. they did issue a nationwide
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injunction. one. primary arguments that the judge accepted was that they did not have the authority to basically overrule the white-collar exemption. and so this has been in place for decades, and now they arbitrarily draw the line at 47,000. anyone making 45,000 and was a white-collar employee, the administration basically said, too bad, we'll not allow businesses to treat you that way. so that's a core part of the argument and that can't be fixed. the ratcheting that you're mentioning, yes, sort of shocking they stuck in there that they were going to raise it every three years. they were going to automatically raise it. and the department of labor said, in the recent past they had no congressional authority to do that and there is no way they could do that. whether we were in a boom or a bust, imagine three years from now, this just moves up. neil: just keeping moving it up. like alternative minimum tax deal. becomes its own monster.
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let me get your read on what legally a new president can do then. can, if you don't like executive orders, not only this, but many others, can you sign executive orders to undo your predecessors orders? >> well the executive orders are probably going to be a lot easier for the new president to overturn. this one actually went through agency rule-making, came out of the department of labor. neil: right. >> so this one will be a little different. overall, i believe this is why president trump was able to swing the rust belt and able to convince voters that we can get the engine going again. we can grow jobs and we can move america forward. i can tell you this rule looks good in washington when it is designed but its actual effect in states like nevada and states across the country means businesses can't hire new workers. people that were previously working x, are now converted to salary. they could actually lose money this is the kind of policy i
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think the country rejected. they don't want washington to fix these things. imagine, neil, do you think the salary is the same in manhattan as small town in nevada called tonopa? them setting a arbitrary rate in washington makes no sense. neil: we'll watch closely. adam laxult, nevada attorney general. >> thanks for having me on. happy thanksgiving. neil: it is called black friday, when stores hope to be in the black when sales get done. here is the thing about black friday. fewers shoppers are choosing that day not to be do much shopping. like drivers crowding the roads, they're already there. when it comes to shopping, they have already done it. the read from the guy who used to run toys "r" us, jerry store much, is next.
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neil: of course tomorrow's thanks giving. the next day is black friday. for retailers it is their holy grail and the unofficial start of the christmas shopping season but what if i told you it doesn't have quite the allure it used to? former ceo toys "r" us, jerry storch. they are taking advantage of sales retailers providing around the clock or around the calendar. am i missing something? >> there is some truth of that. frankly most of that is poppycock. black friday is the biggest shopping event of the year and will continue to be so for almost all retailers. the reason why, it is american tradition. you have a thanksgiving meal, watch football games and go out shopping for black friday. the deals on black friday are unbelievable. they're the hottest deals all year. at saks fifth avenue, you spend
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$175, you get $75 gift card. that is halfback what you spent. lord & taylor, cashmere sweater, 39.99. sachs, up to 85% on friday. what every retailer, people will come out. survey by national retail federation came out earlier this week, more people shop on black friday weekend thans that year. neil: more by percentages i thought were down? you could be right how you entice people in. now they come to expect that sort of thing. i'm wondering if online retailer, amazon, other retailers gotten very good at this eclipses that? >> big weekend for online shopping. you have 90% of the sales on black friday weekend taking place in bricks and mortar retailers. if you want to shop online at sachs.com or lord & taylor.com or gilt.com we love you anyway.
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that is wonderful. we believe meeting needs of customer however she wants to shop. reality, when you look at the math, most of the sales on black friday happen in bricks and mortar stores. there is some confusion, because some retailers moved start of black friday event to thursday evening. that is thursday, that is not black friday. if you look at first few hours of any retailer's black friday event, whether starts thursday night or friday morning, those are biggest hours of the year. neil: what confuses, retailers doing black friday every day. you can't call if doing it on tuesday black friday. >> people know the name means something. it is partially because black friday is so big. it does help those day as little bit. when you help a small day a little bit, nothing like the size of black friday. it is still by far the biggest shopping event of the year at most retailers and for retail economy as a whole. neil: for a lot of people it's a chance to get out. who wouldn't want to get out to rub elbows with thousands of
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other people in a crowded store but what draws people to do this? is it just the deals or the fact that they're gluttons for punishment? >> it is deals. thrill of the hunt. it is social. i go out on black friday and visit multiple retailers whether retailers open on thursday night or retailers on friday morning. you know what i see? i see people having fun. there is joy in their faces. they're laughing, they're giggling. neil: no they're not. >> they are. neil: they're in excruciating agony. they're not having fun. >> one year come out with me and i will show you. neil: it will never happen. what potentially could have been deem ad sexist comment referred to shoppers she, mostly women who get into this and will bravt in that camp would even enjoy it but you're saying that most of the people who are doing this are not doing it, you know, handcuffed to their significant other? >> far from being sexist, i think recognizing the role of
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the woman in most households as chief financial officer. she is the one who makes purchases, we know that. there is no confusion in our mind at retailers who controls thpurse strings and who makes mostf the purchases at retail. it's a female shopper. if you don't understand that you will not go far in retail. neil: you will not go far past the lobby. saks, why do they spray you with perfume? >> i love that store. the cosmetic floor is one of the most exciting places in manhattan. neil: come on. you smell like seven different perfumes. >> part of life's joy. the smell is wonderful. neil: so your prediction this year over next, this year over last year, how much? >> i don't have have a personal prediction but look at surveys that have been done. deloitte says the holiday season up by 4%. national retail federation says holiday season up 3.6%. we'll see how it comes out. frankly it hasn't started yet. that is the key.
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neil: all right. you can see for yourself, the crowds, they're building. the scene in denver and chicago. airports that are bracing for the thousands who will be desending on them in a minute. neil, that does not appear to be case in at least those two cities or dozen or so we pop up on the satellite system here. but i'm told, any minute you will see throngs. i'm also told by the way, that a lot of them are just shy. they're standing back. all right. ashley webster in for trish regan to take you through the next hour.
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sir? ashley: thank you, mr. cavuto. we're waiting for the federal reserve to release minutes of meeting last month. don't get to your turkey dinner until you find out what the fed is thinking. cue up peter barnes with the latest details. peter? reporter: they will be raising rates relatively soon, ashley, as long as incoming data provided some further evidence of continued progress towards the fed's objectives on inflation and on jobs markets. so we hear that phrase, relatively soon, once again. this was the meeting in the beginning of november, just a week before the presidential election. so the fed, as you recall held steady at that time. did not change its benchmark fed funds rate at that time and so now this term, relatively soon, has been interpreted to mean that this, upcoming meeting in december, mid-december, is the likely one for the next rate hike. however, the minutes also show that some participan
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