your homes. lou dobbs is next on the fox business network. lou: good evening, everybody, and happy thanksgiving eve. we begin with what has been another extraordinary day of records on wall street. the three major stock indexes closing at record highs. later in the broadcast we'll take up what is driving this stock market in this record-setting year. in other breaking news tonight. president trump signed a bill affirming u.s. support for the pro-democracy demonstrators in hong kong. we'll have more on this major development in the broadcast. asia expert gordon ching with us.

the president decided the united states knock longer tolerate the corruption of the next can drug cartels and the deadly consequences of the tens of billions of dollars of illegal drugs those cartels smuggle across our southern border. president trump ran on an agenda of securing the border. since taking office, the president has done just that. the trump administration working tirelessly to stop the flow of illegal immigrants and illegal drugs working with central mayor scan governments and members co, cracking down on caravans and false asylum seekers. the president's pressure on the mexican government led to 27,000 mexican troops on the borders helping curb illegal immigration to the united states. but as aggressive as mexico has been on cracking down on illegal immigration, the government of mexico appears reluctant to take

the same aggressive posture to fight the violence of the drug cartels. 80% of mexico is controlled or disputed by the cartels, even though the murder rate in mexico is on pace yet again for a record-setting year, through october. more than 29,000 people have been killed, up from 28,869 over the same period a year ago. president trump is suggesting he will designate those cartels as terrorist organizations. mexican president man well lopez obrador says he will cooperate with the united states but rejects the idea of ier vengs by the united states. joining us is tom homan to take up this issue.

the president is standing up and taking on the cartels despite the protestations originally by manuel lopez obrador. >> he's right on this issue. mexico can't dough feet the cartels without us. we have an experience we did it with noriega and colombia. we have a sophistication in our investigations. we have the forensics of financial investigations. we have talented investigators, talented prosecutors. mexico cannot succeed without us on this issue. lou: mexico can't succeed and the cartels depend on this country to succeed with their sex trafficking, their human

smuggling, the deadly drugs. and the dead lire violence mexico is exporting into this country. the deadly fentanyl china is exporting to mexico for distribution into the united states. this nonsense the president has decided is at an end, doing what as you correctly point out what every one of his predecessors look lacks the courage and principles to do and that is shut it down. >> i will tell you something, lou. i haven't been wrong yet when i tell you what's going to happen at this border. the cartels, they will get more violent. more crimes, more homicide. that's what the left is looking for. they want mexico to be

designated. if a judge agrees with that. the day that happens, the central american caravans will start up again. this isn't just about drugs and crime. it's about the left working hard to undo the remain in mexico program and designate that country as an unsafe country. that's another reason why we need to attack these cartels. lou: what is it you are predict. >> the left is trying hard. the number of mexicans claiming fear. it's climbing steadily at a great pace. people from southern mexico couple and claim fear. if the cartels keep this violent action, the left, they go to federal court and ask a federal

judge who they will shop in the 9th circuit and have it declared that mexico is no longer a safe third country. lou: the president last night in sunrise, florida as he's rallying with tens of thousands of people in the audience. here is what he had to say addressing the issue of of border security. >> we are doing great on the border. we are doing great on the border. on no issue have democrat politicians become more dangerous than immigration. the democrat party wants open borders, which is a betrayal of every mother and father who wants deadly drugs to be kept out of their community. they want open borders. lou: open borders is what the democrats are running on.

it what's they are responsible for. and it's an awful record to seek votes in this environment. where we both discussed, 70,000 overdose deaths. fentanyl coming into this country at rates that would kill literally hundreds of millions of americans if distributed object to the streets. by the way, china is the source of that fentanyl, or at least nearly all of it. this is a major moment for the united states and for ought government of mexico, and i have to say, i'm even counseled because lopez obrador and the president threatened tariffs if he did not combine to take a mature and responsible position on securing that border. but now he's cooperating with this president to end the deadly violence that drained the blood from' of mexico for 40 years for

crying out loud. >> i think the president of mexico understands he cannot beat the cartels without us. corruption in the mexican military and law enforcement, not all of them. but we have proven in other countries we can do this. er person running for the democratic ticket, they are not even hiding it. they are pushing open borders, abolish i.c.e. that's why i want to keep talking like that because it will help this president win by a landslide in 2020. americans want a secure border. lou: up next, top officials from the united states and mexico and canada meeting. they are in last-minute talks about the usmca. and we'll have a live report on the latest developments as

robert lighthizer, the u.s. trade representative is trying to negotiate a deal that will win speaker pelosi's enthusiasm. a major development in the case of general michael flynn. his former subordinate, kt mcfarland. we'll be right back.

whether you're out here on lte. or here on a wifi hotspot. xfinity mobile has more coverage to keep you connected to what matters most. that's because it's the only wireless network that automatically connects you to millions of secure wifi hotspots and the best lte everywhere else. and now get $250 off when you buy a new samsung phone during xfinity mobile beyond black friday. plus, you can save up to $400 a year. click, call or visit a store today.

lou: top officials from the united states, mexico and canada meeting today in washington. they are trying to come up with a negotiated compromise that would allow speaker pelosi to sign it at least get a vote on it, usmca trade deal moving ahead apparently. let's find out what's going on. hillary vaughn with the latest with washington. reporter: they did make progress hammering out some details. but the deal is not done yet. canadian deputy prime minister arrived this evening with a rare warm welcome from ambassador robert lighthizer. three kisses on the cheek and a warm embrace. she left the negotiations iing

the talks are done. >> we committed to each other that we'll continue working hard, whether on the phone or in person very intensely the next few days. reporter: mexico's trade team said they made progress on one point. labor standard enforcement that democrats want looped into the agreement before a house vote. stopping goods at the border that won't meet their labor standard or sending inspectors into mexico if he thinks there are labor violations. i asked if democrats are asking too much?

>> [inaudible] a solution is going in the right direction. reporter: mexico's team says they will not agree to any enforcement mechanism for labor standards. so they proposed that a panel be used for any labor disputes in question and allow that panel to investigate any complaints of violation. but mexico is not positive speaker pelosi will get this done before the end of the year. i asked a trade representative if he thinks they will be able to get this deal done by christmas. his response to me was which christmas? lou: robert lighthizer the u.s. trade representative with a great sense of humor. on wall street stocks hit record highs for the third straight day. it's incredible, that ties a number of record closes for all

of 2018. the s. -- the s & p up 13 points. president trump earlier today summing up the markets strong performance. he tweeted this. new stock market regard again today. congratulations, u.s.a.! gold down half a percent, silver down half a percent. consumer spending, strong inventory investment driving stronger gdp growth. a reminder to listen to my reports three times a day coast to coast on the salem radio

network. john bolton taking to twitter to issue a warning about america's national security. he said it probably goes without saying that our national security priorities is under attack from within. america is distracted. our enemies are not. a judge delaying the' decision on general michael flynn until after the horowitz report on fisa abuse. the report will be released december 9. the judge will determine then what the prosecutors do. let's turn to kt mcfarland who served as deputy national security advisor to among others, general michael flynn. great to see you, kt.

your thoughts on -- >> happy thanksgiving. >> happy thanksgiving. it's great to see you, and also to see there are more developments in the michael flynn case which looks as if it could well be flown out all together. and this delay on the inspector general's report. give us your insight as to what is at play there. >> i should point out that i have not seen michael flynn since the night he was fired and walked out of the white house. but he has a new lawyer, sidney powell, who you have on the show frequently. she is a cracker jack. she made her reputation getting cases and getting them reversed on the basis of abuse of power. the claim is michael flynn was ambushed and targeted and was not allowed access to his

records. she thinks that's an abuse of power. if it's anything like my experience with the justice department, it was. lou: you had to put up with it for months on end. >> yeah. lou: i am not going to put words in your mouth. how would you describe the experience, fair? due process assured? what people think of in america as justice? >> we have viewed the justice department -- we embeaut the justice department and the national intelligence community a lot of power. here is what happened to me. i was at my house in long island. and unannounced, fbi agents showed up at my door. i asked them what is this about? do i need a lawyer? >> they said you we can't tell you not to get a lawyer.

but we want to ask you a few questions to get background on what was going on at trump tower or the administration. i asked if i could have access to my files which they had. they said no, we'll jeff gift you what you need. unannounced think started asking me questions. i didn't remember things perfectly. they can take your accidental misremembering and paint a picture that that's a lie. that you committed perjury. >> tell me you got an attorney. >> i have dish ended up getting the most cracker jack attorney in america taken was able to repair the damage. but i had been targeted by them. i hadn't even met any russians, but they were eager to find a crime and connect me as the missing link between flynn and

trump and russia. it failed miserably for them. lou: to think of what the president went through with the so-called special counsel. to think of what you went through. sidney powell is reviewing one act of corruption. corruption and incompetence is a toxic combination. but that appears to be precisely what was at work in the prosecution of general flynn. and you, it's terrible. i have got to ask you about another national security advisor, that's john bolton. he's sending out messages, he says it probably goes without saying but then he goes on to tweet. the country's commitment to our national security priorities is under attack from within. i would agree the entire country is under attack. but in my opinion, kt, it's

under attack by dimms who are relentlessly going after this president and trying to stop his administration and a justice department and fbi that still require a tremendous rehabilitation if they are to ever have a public image of integrity again. >> i think what people fail to realize, or maybe they don't care. these impeachment hearings. these continuous investigation when they are smoke in mirrors. if america is weak at home or divide at home. our adversaries see that. they think this is my moment. i will take advantage of america because it's dysfunctional. who knows what the north koreans might have done. trump is tough. he asked them -- lou: and he's smart as hell and he's standing up for this

country at every turn. you know what i find interesting about the radical dimms on capitol hill? why isn't there an investigation of them? what they are doing is dividing the country, third ones attacking the president of the united states. they are the ones serving the interests of russia and communist china. they are the ones dividing the country and creating just a mess. if i have ever sooner any reason to suspect collusion, it would be this instance in which they seem to be the radical dimms doing the bidding of russia and china. >> when they have these hearings they can't wait to rush out to the cameras and make a case and send out fundraising appeals. they are making money and raising their profiles off the fact i think they are endangering american national security. it's very sad. >> thanks for getting that

attorney. >> thank you. i would be in an orange jumpsuit if i hadn't gotten bob jeffress as my lawyer. lou: we'll be right back. stay with us.

lou: the white house budget official mark sandy says aid to ukraine was held up because other countries were not contributing enough to ukraine. sandy noted the restrictions on those funds didn't stop the department of defense from planning to use the funds as

planned. a federal judge blocked president's executive order for immigrants to prove they have health insurance. support for impeachment continues to fall. researchers from quinnipiac found support dropped from 48% to 44%. that's the lowest level of support since nancy pelosi announced the so-called inquiry back in september. joining us the senior counsel for investigations for the house and senate. let's start with what we are watching here. the president's approval ratings are rising over this two-week period. the support for impeachment is falling. would you say the democrats are in significant political peril

here? >> good evening and thank you for having me. i do think that yeah there is a political risk sheer. and the polls are certainly not going the direction they would want them to go. when you are running an investigation like this and holding hearings like this, after every hearing you want to take stock, what worked, what didn't. the is indicating not much worked here. >> jerrold nadler is supposedly, he's going to be taking the baton from the absurdist radical dimms on the impeachment inquiry nonsense. who does he think he is issuing and i invitation to the united states and his counsel. this is a perceived farce by the american public. what is the source of his

ridiculous behavior. >> to me it seems likely stick on a pig. you look at how it unfolded. chairman nadler started an investigation and he didn't have legal standing to do so. you the president was dee need the due process the republican congress thought was essential for president clinton. as someone who constructed investigation. i'm not sure where we are here. the proseeding has been stacked. so everything is over. counsel comes in at last minute as window dressing. lou: and nadler as far as we know, doesn't have any material witnesses, that is, fact witnesses of any kind. it looks as if they are persisting because they are trying to say, i was going to i

save face, but save lipstick on that pig. >> as someone who used to put these things together and plan out how we dock an investigation, i'm not quite sure where we are going. i think we'll have a few hearings. i don't think there will be witnesses. i think there will be a discussion of the law. but i think it only coherent theme will be a continuation of what we have seen is what we have seen out of alice and wonderland. sentence first, verdict afterwards. >> it's ironic that there would and hear being the law which this group of radical dimms decided to simply ignore and frankly just insult throughout this entire process. i want to turn to the inspector general report that michael horowitz expects to be out on the 9th of december. we have some evidence there will be some action recommended

against kevin clinesmith, the fbi attorney. it looks like the battle is being prepared for the american public to expect no recommendation of action whatsoever. your thoughts? >> i'm not 100% sure what is going to come out in the ig report. i do think it will be interesting to see does the i.g. provide any leads to the independent investigation, attorney general barr's orders and the investigation' john durham is taking. what we know know now is a federal grand jury investigation, an investigation the attorney general ordered. what may x see there?

we may see indictments eventually. lou: we are over three years into this administration. he has been persecuted throughout by the dimms. they call it nicely a resistance it's an absolute effort of subversion and the overthrow of a president. now that we have the long awaited inspector general report and we are going to wait for the special report from john durham. it's a sad sad sorry process indeed for this country. sam dewey, thanks. >> have a very good holiday. lou: happy thanksgiving. an explosion at a chemical plant near houston texas. it was caught on video. the house door blown off at the moment of the blast. three workers were injured in an explosion. a number of homes nearby were

damaged and felt miles and miles away. the first blast at 1:00 a.m., a second explosion occurred 12 hours later. neighbors within four miles of the plant evacuated. we would like you to share your comments on facebook, twitter and instagram. stay with us for much more here tonight. something that hasn't happened at duke university in almost 20 years. ñ??w

lou: new reports on china's economy. the economy suffering and dramatically so. data from the bureau of statistics found their prowf fits showing the steepest decline in 8 months. china wants to leave the u.n. organization that protects intellectual property. china nominating its own

candidate to lead the intellectual property organization. imagine that. we'll take that up with gordon chang who is joining us here tonight. gordon, to see what china is suggesting. the world intellectual property organization. they want to lead it, and they are the leading they have of intellectual property in the world. every chinese national is required to spy if requested. now you will have one as the head of the world organization. it makes no sense. when you look at all this. when chinese nationals headed multi lateral organizations like interpol, always a disaster occurs. >> do you really think there is a chance in the world that even the u.n. would be dumb enough to elect a chinese national to the

intellectual property organization? >> i don't think that will occur because the united states and other countries are putting their weight behind the candidate from singapore. but it shows boldness that defies anything. >> singapore is one of the major sources of counterfeit goods that are exported into the united states. it gets complicated. it's getting simplified. the president has signed the shopping congress human rights and democracy act. and it is now law. he acknowledges that it complicates the u.s.-chain a trade discussions. but he signed it. he's standing up. this country is standing up for those no democracy forces in hong kong. and if xi jinping is upset about it, that's too bad. that's who we are.

>> for four decade elites in this country said we could not afford to upset china. president trump, you know, he's doing something his predecessors would not do, and that's defend america. the same power encroaching on hong kong's economy is attacking ours across the board. this is a great day for every free society around the world. lou: for this president to stand tall for american values, and our fundamental values of freedom and liberty, and certainly law, is critically important. i'm very proud of this president, and i'm proud of this country in doing so. we are in the middle of these discussions right now with china. there is a deadline within this. it is a bit of a time bomb in

point of fact. in four daysa laws go into effect in the people's republic of china that will expose every american company doing business there. every foreign company. their data, their intellectual property in every form will be wide open to china. >> december one you have the multi level protection scheme going into effect. it requires three standard and these standard mean no encryption. companies can't use encryption. they can't use virtual private networks to protect their data. and there are no private servers, so china will see everything. and they can turn the data over to state enterprises that compete against our companies. lou: we are four days away from

the deadline. do you think we are adequately prepared to withdraw u.s. company's data and information, get out of mainland china in time. >> no, i don't think so. i think there have been behind the scenes discussions between the trump administration and xi jinping. those discussions have gone on for years. there is another deadline which is january when china's encryption law goes into effect. you can't have encryption under the december rules any way. but china is attacking foreign companies across the board. once china gets into the networks, it will have all the information of u.s. companies in china and around the world. this sort of facilitates it of course. this gives it color of law.

these are the same people we are negotiating with to stop their $600 billion a year theft of our intellectual property. these are the same people that will be dependent upon their goodwill for enforcement at least as it appears now. troubling days, aren't they. >> we have a president who will stand up for us. the chinese issued a public demand that he not sign it. president trump just defied him. i think we'll have better relations with beijing because they realize they can't mess with this president. lou: i think you are exactly right. but the most recent communication out of beijing was to reassure us they would not be stealing our intellectual property. they promised this 22 types over the course of the past three years. that's what their word is worth,

and it's what makes in part this such a difficult difficult negotiation for even this president. gordon chang, thanks for being here. a major upset in college basketball last night. here we go. >> they have got it! the lumberjacks have done it! this will be the biggest win in program history! lou: number one duke losing at home. duke's first home-court loss to a non-conference opponent since 2000. the man who scored the winning basket lost his family home in the bahamas during the hurricane this year. the number moving up over

$1,000. it had been $2,000. nothing wins like winning. nothing succeed like success. we'll be right back with pastor robert jeffress.

lou: new data shows there are

fewer abortions, according to the cdc. abortions fell 2% from 2016 to 2017. it's the lowest number reported since 1973. the most recent year we have data for, there was a 45% decline in abortions. joining us tonight is pastor robert jeffress. he's a member of the white house faith initiative. fox business contributor. great american. delighted to have you here. you have got to be i think gratified to see that decline in that trajectory over these most recent years. >> absolutely, lou. a lot of this is due to the fact that we have a president who

champions life and is not willing to back down against the attacks of the left that are absolutely determined to dough everything they can to destroy life. lou, when you have every democrat candidate who is standing on that stage saying they believe a child should be murdered up until the moment it is in the mother's birth canal. it's barbaric what the left is proposing. the are said something to us that i thought was very insightful. he said a lot of the reason he thinks he's being attacked from the left is because of his strong pro-life stance. lou: the left is scared to death. think what this president is doing. the asuch shuns he challenged. the orthodox yet is. the singular thinking of whether

it's abortions as if that's the only possible solution for unwanted pregnancies. it's stunning stuff. and this president has shown that you don't need a new federal program. what you need is a new approach like his to watch the economy grow at rights unimagined just a decade ago. and to see unemployment at record lows. it's stunning stuff. the hope. the president -- the pope. the president signing the hong kong democracy legislation, standing with the people of hong kong and pro-democracy groups. pope francis down playing the protests in hong kong. refuse something condemn them or beijing for maintaining a million muslims in the detention

camps. what in the world is going on here? >> i can't figure that out, lou. religious freedom, freedom of worship as our president reminds us so many times is not granted by government, it's granted by god. this is the most basic human right of all. china is one of the chief persecutors of people of faith. you know president trump is concerned about this. he was the first president in history to address the u.n. on the subject of religious liberty. i happened to be mr. when he did that. he's did kateed to preserve religious liberty not just for americans, but for people around the world. we are not going to launch a war against china because they violate' religious freedom. but we need to use every ounce of influence we have to try to affect libber i for people

around the world. pastor robert jeffress, great to have you here. thanks for being with us on this thanksgiving eve. you have a great thanksgiving. we'll be right back with much more. stay with us. i need all the breaks, that i can get. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

this time of year, what do you give? when it's your extra concert, game or special event tickets to vet tix, you're giving our nation's service members and veterans an amazing experience they'll cherish forever. this holiday season, don't just give... vet tix. give something to those who gave. for more information on how you can make a difference right now, go to vettix.org.

lou: president trump signed a bill affirming u.s. support for the pro-democracy protesters demonstrations and people in hong kong. gordon chang on a president who stands up to china. >> for four decades elites in this country said we could not afford to upset china. well, president trump, you know, he's doing something his predecessors would not do. and that's defend america. the same encroachr kroaching on hong kong's society is attack our economy across the board. this is a great day for america and a great day for every free society around the world.

lou: that does it for us tonight. we thank you for joining us. we highly recommend presidential historian doug wead's new book, ♪ [ cheering ] >> the original hoop dream. >> these really are the rules here -- 1891, james naismith. granddad's signature. >> incredible. >> one family's heirloom... >> you think your great-grandfather could ever envision that the game he developed could be what it is today? >> ...goes on one wild ride. >> he starts looking around and thinks, "oh, my goodness. where are the rules?" >> no. >> it's a national treasure with a big price tag. >> you paid more than the emancipation proclamation. >> yeah, well... [ door creaks ] [ wind howls ] [ thunder rumbles ] [ bird caws ] ♪