104? >> good italian living there. stuart: piniella, that works. happy birthday to you. hope you watch the program for a long time to come. you're a varney viewer. that makes you special to all of us, and to your granddaughter chrissie. david asman, what is secret to the great age you're at? david: i knew you were going to get that one in there. i was going to throw one your way. i i will leave it at that, being the gentleman we are. i'm david asman in for neil cavuto on coys to coast. president biden taking new steps to ease energy and gas prices but some are saying could make matters worse. plus the timing couldn't be worse. members of the progressive "squad" calling for more bail and prison reform after we're learning the wisconsin parade suspect was out on a very low

bond. olympic boycott calls growing some wonder whether or not the chinese tennis star is still under some kind of a threat from her government. we have the very latest on that. but to our top story this hour, president biden announcing he is releasing 50 million barrels of oil from the strategic petroleum reserve in an effort to help lower gas prices. edward lawrence is at the white house with the very latest on this. hi, edward. reporter: david, in that release the president is saying he is doing everything he can to get gas prices to come back down. that announcement of 50 million barrels from the strategic petroleum reserve. 32 million of those barrels will be replaced at some time in the future. 18 million of those barrels authorized by congress will be advanced into this year and not be replaced. this action taken mid to late december in coordination with china, india, japan, south korea and the united kingdom. the administration says this will lower prices quickly.

backlash starting to grow. in a strongly worded statement the u.s. chamber of commerce says all the administration has done is threaten energy production on federal lands, cancel pipelines and beg saudi arabia and russia for more oil. it is time toe unleash america's full potential to meet the world's energy needs. ranking member on the senate energy committee john barrasso this is a biden-caused disaster, adding tapping the strategic petroleum reserve will not fix the problem. we're experiencing higher prices because the administration and democrats in congress are waging a on on american energy. senator pat toomey we may eventually all drive electric cars but forcing the move through regulations is not the best option. >> whether our progressive friends want to accept it for not, people are as we speak, driving cars. that is happening. products that we want to buy are actually moving in trucks on our roads. it is happening now. it will be happening tomorrow. it is going to continue for some

time. reporter: we will hear the president directly on this in about two hours. he will talk about the economy and gas prices. david? david: edward, thank you very much. in addition to worries at the gas pump there are also winter heating bill worries. senators concerned about rising prices as the energy information administration predicts u.s. home heating costs will be up from a year ago. fox news congressional correspondent aishah hasnie has the details from d.c. hi, aash shah. reporter: david, millions of americans may have to turn their heat down this winter to lower their bills. last month the energy information predicted home heating bills will be up 43%. natural gas up 33%, electricity up 6% from just a year ago. it is only going to get worse if it is colder than last year two. democrats, republicans alike are deeply worried about this. in fact senator susan collins

and jack reed sent over a bipartisan letter urging him to release funding from the weatherization assistance program to help families with home heating bills as republicans blast the administration for not taking swift action. >> this thanks giving in colder areas they will endure 30% increase in heating costs. it will be a colder thanksgiving than it was last year. what does that do to people on fixed incomes? what does it do to people living on 1200-dollar social security checks? reporter: gas prices also hitting the wallet hard. trip you pill a says the average price of unlidded at pump is higher than this time last year. amid mounting pressure from republicans president releasing barrels of oil, millions of barrels of oil from the strategic petroleum reserve. the question though will it bring enough relief in time for families driving for the

thanksgiving holiday? we shall see. senator dan sullivan accusing the administration trying to transition to renewable energy. >> this is purposeful policy. the white house isn't a bun. of dummies. they are purposely driving up prices on americans for energy. reporter: democrats deny any climate action would come at the expense of the economy. david? david: just to put that 50 million barrels in context, the united states uses about 20 million barrels a day. so this is about five days worth of full use of all the oil that we have here. reporter: there you go. david: good to see, ashiah. "the hill" obtaining memo, democrats are told to zero in on cost of living issue to pass the president's agenda. joining us "the hill" editor-in-chief bob cusack. bob, thanks for coming in. a big question here about this new strategy, how can they

possibly bring up the cost of living without throwing some light on their own role in raising the cost of living through inflation. >> well, i think this memo shows, david, they're all in for build back better. they have got to pass it. remember the senate campaigns, they're run by leadership this is basically run by senator schumer but you know the good news for democrats the bill right now is above water. it has more support than opposition. however, polls also show that most people think it would add to inflation. if inflation is not down in a year, if gas prices are still as high as they are now, that is going to spell real trouble for democrats. david: the bottom line, bob, is that the person or administration that is being blamed for inflation is the biden administration. by a recent poll by cbs show 67% of americans blame biden administration policies for inflation. so i mean if inflation is a

problem, the american public by big majority blame the biden administration for it. >> it could get worse, david, because i do think they will pass something when all is said and done whether before the end of the year or early in january. then they have raised expectations. you got to be careful when you raise expectation this is bill will solve a lot of the problems including inflation. i think that the white house going after corporate america, kind of blaming corporate america for inflation, well that is not work and those polls show that when they pass this bill, if it doesn't succeed greatly, then you have really raised expectations and you have not met them. david: let me ask about whether democrats may be the biggest stumbling block for passing the bill. we saw aoc, other members of the squad and more liberal than progressive members are also complaining about the possibility that joe manchin

might downsize the bbb plan so much that they could conceivably vote against it. we know squad members voted against the infrastructure bill. there were enough republicans to cancel out their negative votes but we have 100% of republicans will vote against build back better plan. they can't afford to lose many democrats. >> that's right. they have really no margin of error in the house and senate. remember the senate is going to change this bill. it will have to pass the senate, which is a big if. then it will go back to the house and aoc and other progressives will have to support it. there will be changes on immigration and climate change because of manchin. there will be tension in the democratic party before christmas and possibly afterwards. david: could be possible that progressives vote no on build back better plan a smaller size plan once it gets through the joe manchin pen. >> david, certainly possible.

you could have three or four progressives, a lot could vote for it but a handful in the house is saying not good enough, not as big as i want it, they don't have the votes, no republican, raises taxes, nonstarter for republicans. no republican will vote for this in the house and senate. david: you mentioned before administration trying to shift blame for inflation on to companies. they did that last week. the president suggested that oil companies were doing price gouging. some people are concerned that this may be the first step towards instituting some form of price controls. the concern is that price controls, whenever they have put in power whether by democrats or republicans, remember nixon did it back in the '70s, lead to shortages. we already have shortages because of the supply chain problems. if we have shortages on top of those shortages, we'll see a lot of bare shelves in this nation. >> you have that debate going on with drug pricing right now.

aarp pushing for it. pharma battling against it. everything is on the table for the administration because they know this nation has problems. they said they will fix them. the president's numbers, his honeymoon ended months ago, are really sinking even though he has had good headlines recently, transportation bill, build back better passed the house. his numbers are still low. that is problem for white house and senate democrats. they have slim majorities they have to defend. david: forgive my ignorance, i don't know the answer to this, possibly you do, i don't want to sandbag you, would the president by executive order be able to institute price controls? >> i think very susceptible in court. i think it would be challenged. david: that hasn't stopped them in the past a couple times. >> that's true. even on a couple occasions the president himself said i'm not sure this is going to make it in court. obviously they have the votes in congress. they have got to get them to unite but that is a big task, to unite the democratic party.

like herding cats. david: if one thing, economists are all over the place, one thing they agree on price controls lead to shortages. if companies can't produce at a profit, they won't produce and that means a shortage. so i hope it doesn't come down to that. bob, great to see you. thank you very much, busy, busy thanksgiving week. appreciate you being here. coming up the wisconsin parade suspect's require bail is drawing major backlash. we're live in which is with in wisconsin with the details after this. what's strong with me?

i know when i'm ready for a rest day. ...so i can be ready for anything... tomorrow. find out what's strong with you with fitbit sense and daily readiness. (vo) the more we do with our phones, the more network quality and reliability matter. and only verizon has been the most awarded for network quality 27 times in a row. that means the best experience with calls, texts and data usage of any major carrier, according to customers. there's only one best network. the only one ranked #1 in reliability 16 times in a row. we are building 5g right. there's a different way to treat hiv. it's once-monthly injectable cabenuva. cabenuva is the only once-a-month, complete hiv treatment for adults who are undetectable. cabenuva helps keep me undetectable. it's two injections, given by a healthcare provider once a month. hiv pills aren't on my mind.

i love being able to pick up and go. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may interact with cabenuva. serious side effects include allergic reactions post-injection reactions, liver problems,...and depression. if you have a rash and other allergic reaction symptoms, stop cabenuva and get medical help right away. tell your doctor if you have liver problems or mental health concerns, and if you are pregnant, breastfeeding, or considering pregnancy. some of the most common side effects include injection site reactions, fever, and tiredness. if you switch to cabenuva, attend all treatment appointments. with once-a-month cabenuva, i'm good to go. ask your doctor about once-monthly cabenuva.

every day in business brings something new. with once-a-month cabenuva, i'm good to go. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities.

♪. david: we are learning more about the criminal history and prior bail for 39-year-old darrell brooks, the man accused of driving into a wisconsin holiday parade and killing bystanders. grady trimble is on the ground in waukesha with the very latest. a lot of this is pretty outrageous stuff, grady. reporter: it is, david. when he committed the horrific attack here in waukesha we're also learning darrell brooks was out on bail after allegedly running over the mother of his child with quite possibly the same suv he used in the parade attack. that was just earlier this month. the bail set at just $1000. and now the district attorney

whose office set that bail admits it was inappropriately low and is reviewing how it happened given the severity of charges and brooks' lengthy rap sheet dating back to 1999. you saw the video from somebody's doorbell. brooks fled the scene of the parade route's attack, went to a stranger's home, told him he was homeless, asked to use a uber and cops showed up to arrest him. community in waukesha is mourning the loss of five people ranging in age from 52 to 81. they held a prayer vigil in this area last night, mourning their loss. also keeping in mind the 48 other people injured including 18 children, six of them in critical condition. >> went from a situation of just exuberance, thrilled children, to calamity. >> we grieve right now.

we'll heal together who having forward. reporter: brooks is facing five counts of intentional homicide. he could face more charges as well. his first court appearance is 4:00 central time this afternoon. david that is how the community came together after this. we just learned the fund set up for the victims and those who were injured in this attack has already raised almost $700,000. david: grady, thank you very much. unspeakable tragedy there. talk about timing, alexandria ocasio-cortez and "squad" members demanding even more bail reform so-called following this horrific crime. joining me now is former u.s. attorney guy lewis. guy, before we get to aoc, i just want to, people in new york and people in los angeles and people in chicago have been dealing with this for a long time, for years now. the requested of this so-called bail reform which actually

allows hardened criminals, many of them very violent, out much too early before they have paid for the crime, while they still have a chance to do more violent crime to innocent bystanders. this however was in a small town which hadn't seen any of this. i'm just wondering if this whole idea of so-called bail reform has become a wake-up call for middle america after what happened in waukesha? >> that is a great question, david. i believe it has become a wake-up call. indeed what is shocking to think about this, this guy will walk into court tomorrow with, facing five intentional homicide charges and he is not going to be subject to automatic detention. he is going to be subject to bail. now i don't think he will get it but, it just makes it discuss so ridiculous that a guy with this kind of a record and this kind

of past, this kind of criminal history, is even subject to bail on these kind of charges. david: well i just have to make a fine point here, there is no chance, is there, of him getting bail? i mean after what he has done here, what he is charged with doing? >> that is exactly right, david. that is a great point. put you -- but you would think in the previous instances, whether beating his ex-girlfriend, running her over. david: yeah. >> the sex offender crimes in nevada. the warrant out for arrest in nevada. on and on and on for over a decade, this guy is a criminal crime wave and he has been getting bond after bond after bond and i just don't understand it. it doesn't make sense. david: now in light of all this, again, folks in big cities, new york, l.a., chicago have known about this for years, in light of what happened in

waukesha, the timing couldn't be worse for what aoc and "the squad" are trying to do. i just want to clarify what it is they're trying to do. are they trying to federalize some of these so-called bail reform laws that have been tried out locally? >> so, david, let's keep our fingers crossed that they are actually trying to federalize it. that is not what they're trying to do. they're trying to lib alize it so you get arrested, you get automatic bail. you can't be held. in the federal system where i grew up and practiced so much there was a thing called pretrial detention. so david, if you were a danger to the community, or if you were a risk of flight, which clearly this guy was without question in the federal system, no bail, no relief. you go straight to jail, you're in jail, until your trial, whether it's a year or two years down the road. you remain in custody for the

safety of the community and that is what we need frankly, i think in some of these states that need to be more right thinking. david: guy, finally, we've seen a pushback by, by america now. we saw it in the elections a couple weeks ago although there were, they were relatively minor elections but there is a general consensus now in america that a lot of these woke so-called reforms have gone too far. do you think that the move towards these pail laws that let violent criminals out too soon is going to reverse some of the policies that have been instituted over the past several years? >> i do, david. you're going to see some of these states, not in the federal system but some of these states where there is no automatic detention. you're released for $1,000 or $500 after you commit an offense with a gun. think about it, david, this guy

committed an offense with a weapon, with a weapon, illegally. how does he possess, not like the case we watched where they claim the kid possess ad weapon illegally, but this guy who has got a record. he has no business near a gun. he has got no business getting out of custody facing trail under any circumstances. david: he had no business being in a car, he used his car as a weapon before against the mother of his children. i mean that, that, a weapon is can take many forms and we saw that tragically unfold on sunday. guy lewis, we have to leave it there. thanks so much for coming in. appreciate it. 10-year treasury yield rising today as investors digest jerome powell's renomination. why our next guest says the confirmation for his second-in-command may not yet be a done deal.

♪. >> we know that high inflation takes a toll on families, especially those less able to meet the higher cost of essentials, like food, housing transportation. we use our tools to support the economy and strong labor market and prevent higher inflation from becoming entrenched. david: markets as you can see dow is up a bit. it was negative. nasdaq is way down as investors digest a second term for jay powell at the fed. the pick for vice-chair will push hard for climate change policies and heavy regulations on financial companies. reaction from former dallas fed advisor danielle dimartino booth. good to see you. you say it israel brainard's confirmation may not be a done deal, is that right? >> i'm just saying it shouldn't be an assumption going forward. i have been listening a lot to

pat toomey. obviously he has big sway in his position in the senate banking committee. i've been listening to him quite a bit and he made a few points she is really looking at the fed as an institution that can address climate change, when it can't. it doesn't have the tools to address climate change. that is a ridiculous notion. brain advocated for inclusiveness aspect to the employment rate being included in the fed's mandate. it is not that we don't need to be adamant and diligent about getting african-american and latin unemployment rates down. it is just a tool, the fed does not have the proper tools to do this. these are more in the congressional purview and i think there are some concerns among jon tester of montana, sinema, manchin, among moderate democrats brainard might not be necessarily the right person, to be as you said powell's second in command. david: that is very interesting.

some people, "the wall street journal" had an editorial about what happened at the fed and suggested that in many ways it may not be true that powell is more independent than brainard would be. that is you look at his track record over the past couple of years, whether if was donald trump or whether it was, i mean, yes he showed some spine with regard to donald trump but hasn't shown a lot of it with regard to our current president and you i mean, is it really a sure bet that she would, that he would be any less accommodating than she would be? >> oh, david, please don't let me cast lael brainard necessarily bad for the federal reserve and powell being good for the federal reserve. you've got american families right now choking on 6.2% inflation. david: right. >> david: which by the way is three times what the fed says it should be. so by their own rules they're three times worse than they should be. >> exactly. so it appears powell has disregarded the inflation

mandate to the detriment of the lowest in income earners in america headed into this holiday season so sadly, when most lowest income earning families will spend 22% less this holiday season because inflation is eating them alive. powell, is way, way, way late to begin tightening. forget about tapering or reduction in purchases. he is so far behind the ball raising interest rates, now if it appears he raises interest rates it harms the economy, fed might be damned if they do, and damned if they don't. powell is overly accomodative. i agree with the editors at "the wall street journal" he has been politicized to a certain amount and had he been more independent as chair of the fed we would not have the inflation running wild that we do today. david: we started this segment with his comments saying that he will somehow quote, use fed tools to slow inflation.

well he hasn't done so so far, to any extent it affected inflation. what tools is he talking about? >> you know what? right now jay powell's tool box is almost on empty. the only thing that can help inflation the fact congress is dysfunctional and there appears to be no chance of legislating any future fiscal relief that gives money directly to the people. when you direct deposit into americans checking accounts money they don't need, lo and behold they will go out to spend it. of course jay powell is complicit, he monetized every last penny of fiscal spending that was ill conceived to begin with. i can't tell you, david, how many american working families tell me they don't need the child tax credit in cash deposited every single month. i hope that individuals like joe manchin will be more thoughtful with this next proposed stimulus plan, to say we need to make sure the only people receiving aid from the

government are ones who need it as opposed to giving money to people who doesn't need it which really reignites and has reignited inflation. it is a fiscal and monetary mess. david: danielle dimartino booth, i wish we could end on a lighter note but we have to leave it at that. >> happy hanks giving? david: that is a good way to end. getting out the vote may soon apply to even non-citizens in new york city if the city council has its way next month. it looks like it will. we'll bring you shocking details after a break. ♪. i promise - as an independent advisor - to put the financial well-being of you

and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged: kindness, honesty and hard work. over time, i've come to add a fourth: be curious. be curious about the world around us, and then go. go with an open heart, and you will find inspiration anew. viking. exploring the world in comfort.

hearing is important to living life to the fullest. that's why inside every miracle-ear store,

you'll find a better life. it all starts with the most innovative technology. like the new miracle-earmini, available exclusively at miracle-ear. so small that no one will see it, but you'll notice the difference. and now, miracle-ear is offering a thirty-day risk-free trial. you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. so many people are overweight now, and asking themselves, you can experience better hearing with no obligation. "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat all while controlling stress and emotional eating. at last, a diet pill that actually works. go to golo.com to get yours.

♪. david: well big changes could be coming to the big apple. new york city lawmakers are poised to allow 800,000 non-citizens to vote in local elections. now this includes anyone with a green card or legal right to work in the united states. david lee miller has the details on all of this. hi, david. reporter: david. that's right, if some new york city lawmakers get their way more than 800,000 residents, although not citizens will be allowed to vote in local elections. a bill before the city council has enough support to pass even if vetoed by mayor de blasio who expressed doubts about legality of the legislation. critics say it devalues value of citizenship. anyone who lives in the city 30 days, as you mentioned has a green card or work visa will be able to cast a ballot for five local officials including office of mayor. it would not allow participation in state or federal elections.

the bill's passage would make new york the largest city in the country to allow northern -- non-citizens to vote. other municipalities passed city laws. the man behind the legislation is quoted as saying this is not a favor but about taxation without representation. the majority of new york foreign-born residents come from dominican republic, china, mexico. as a record number of immigrants are trying to enter the u.s. some opponents say it diminishes incentive for pursuing citizenship and gives immigrants too much say in local issues. >> this bill who allowed people who lived here for a total of 30 days, literally a month to weigh in on the city's elections of the future of new york city, the amount of debt we leverage, the amount of spending we do, the amount of taxes we have. these are people who lived here literally a month. reporter: coins skill man boar

city should hold a referendum. they are expected to vote the on the legislation next month t has support of incoming mayor eric adams. david: unbelievable. interesting stuff. david lee miller. appreciate it. inflation is all the talk on mainstream media right now but not really reflecting the genuine concern of americans. one nbc reporter has a suggestion how to cut down your cost this is thanksgiving. i want you to hear this. take a listen. >> perhaps forgo the turkey. bear with me. i know that is the staple of the thanksgiving meal, however, some people think turkey is overrated and so it tends to be the most expensive thing on the table. maybe you do an italian feast instead. i will say this, if you tell everyone you're having a thanksgiving without turkey, some guests may drop off the list that is a way to cut costs too. david: italian feasts might cost more. hill media columnist, joe concha

to talk about this. this is a twist on let them eat cake, is it not. eat tofu as something other than turkey that will solve the problem. >> david, let them eat dominoes on thanksgiving? 30 minutes or less. cuts down the whole prep. i don't know if you saw this, david, i pardoned two turkeys on "fox & friends" weekend. david: i missed that. >> on youtube. send you a clip. i also hosted a trivia segment on thanksgiving and i learned a couple things. do you know 88% of americans have turkey on thanksgiving. now an nbc reporter advocates eliminating that from the menu almost nine in 10 people. no bourbon, no cowboys, no lions. i could do without the lions. no one is forfeiting turkey. it is essential piece. if 45th president, trump was still in office i can guarranty you we would be reading reports about the trump administration ruined thanksgiving and inflation made it only a rich

person's holiday. instead under this president, biden, the mantra, lower expectations, greedy americans and embrace the european socialist model. you will not get the particular gift by thanksgiving because of the supply chain crisis, because you didn't plan far enough in advance. you didn't plan, it is too expensive. go have some lasagna. david: they are going so far against the grain. we have a fox poll out showing concerns of americans about inflation. grocery prices, 73% of americans are now very concerned about the rise of grocery prices. they're just making light of it. in fact they are mocking the concerns of americans. there is the poll, 73% grocery prices, gas prices 72%. you can't tell 73% of america that they're being ridiculous about this, that they're being hysterical about it. >> it is 3/4 basically of the country, right? no longer about conservatives,

republicans, the right. it is everybody, basically concerned about this, david. it is funny, a lot of people in this business, not all, those who are on the air, tend to be in the richest 1% or somewhere on the green near it. it is easy for them to say, hey, don't worry about this stuff. you should be able to absorb it. for low, middle income families they don't have the extra money to say all right, we'll half our savings. it doesn't work that way. when you drive over to grandma's house that will cost more money. when you make the food, that will cost more money f you try to heat your home, it is cold out. prices are up more than 50% this winter. that is back breaking kind of stuff. for the media to forgive it because there is a democrat in office, tells you where the industry is. it is not about journalism but activism. david: headlines caught my attention, "new york times," 179 reasons you probably don't need to panic in inflation that was in august. i think now maybe even some

people in "the new york times" are beginning to panic. we've seen the administration switch their gears. now they are concerned about inflation. they're suggesting that the best way to deal with it is to spend trillions more on build back better. whatever. the point is, they're taking it more seriously. has the media got to take this more seriously now? >> first they embrace inflation really wasn't a thing. no, they took the administration's word for it. it is transitory. now they're finally embracing it because it is out there. you can't, like saying your team is down 42-0. don't worry about the scoreboard. everything is okay right now. of course not. a lot of football analogies in the segment, david, sorry about that but that is where we are at this point. david: i want to switch to the posttrial fallout of the rid rittenhouse trial. extraordinary about the media flat out lying of details of the case that came out and

emphasized by the evidence brought in the case, even "politifact," so-called fact-checking sites, were caught with terrible information, 180 degrees wrong about whether or not he brought guns over state lines, et cetera. whether he was attacked or not. is, are they liable? is it conceivable a case could be made some of these organizations could be liable if rittenhouse wants to go that route? >> if you asked me this a couple years ago i would say it is really hard to prove defamation cases you have to prove malice, permanent injury. then i saw what happened with nicholas sandmann, when he sued cnn and "washington post" for hundreds of millions of dollars. i think 250, $275 million each. they were forced to settle because they saw really bad pr for them or knew they had a losing hand. sandmann could win because he was portrayed racist.

a case where a white guy shoots three other white guys, many, not all, made the central theme about race, racism. that is a whole ball of wrong that only do i have provides the country, david. david: that is an issue we'll deal next hour with alveda king. she is prepped to speak about that. joe concha, thanks for being here. have a good thanksgiving. i hope you can afford it. >> gobble, gobble. makers mark, great combination. david: thanks, joe. coming up used car prices soaring as the chip crunch drags on for carmakers. the ceo of carmax is here when we come back.

[energetic music throughout] what's strong with me? i know when i'm ready to run. what's strong with me? i can find strength in a rest day. what's strong with me? there are some nights i sleep so well... i'm ready for anything. find out what's strong with you with daily readiness on fitbit. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care,

you get a different kind of bank. truist. born to care. this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities.

♪. david: well as you well know the supply chain crisis has crippled production and distribution for manufacturers all over the world but one american company is stepping up, using its own homegrown assets to keep things moving. lydia hu is live in moulton, alabama, at red land cotton with the story. hi, lydia. reporter: hey there, david. we are in what is called the cut and sew where professional seamstresses just like miss dorothy here are hand cutting

and stretching beautiful linens from red land cotton. these textiles start long before the reach cut and sew, the cotton is grown on the yeager family farm just down the street. we are joined by mark yeager, cofounder of red land cotton. thanks for being with us here, mark. >> thank you. reporter: you've been growing cotton 40 years. five years ago you got into the business making textiles for sheets and towels. why did you get into the cotton growing business? >> we take so of what the new york mercantile exchange says and sometimes that is losing position. i wanted to vertically integrate and create a product to bring it to retail with cotton. reporter: you saw an opportunity, and you jumped on it. you almost all part the of our distribution and supply chain. you grow the cotton in alabama. spinning thread and weaving

fabric in south carolina and bringing it back to stitch your products. is that proving to be an advantage right now, having control of the supply chain? >> i think so. we're not in a container on a ship somewhere. our supply chain from the carolinas basically to here is all trucking. even though trucking has gone up, we're doing pretty good in our supply chain. reporter: now you still sell some of your, a lot of your cotton into the market but this coming year you will withhold more of it to put it into product development. some people might say, hey, look at cotton prices are in record territory. you ought to sell more raw cotton in the market. that is opportunity cost but what are you thinking about when investing into the product line? >> well our company has grown from 2015 every year and we're up to this year, we're going to put a million pounds of yarn in our sheet fabric. so i know prices are higher this year but i think, history would

tell us that they're coming back down at some point. so we're in it for the long haul. reporter: we wish you the best, mark. you know, david, what i'm hearing here at redland cotton, demand for made in america products are up. sales are up 15%. they increased their workforce by six fold during the pandemic, even opening their own distribution center. seems like made in america business is on the way up. david: good for them. what a great story, lydia. to own your own supply chain. you don't have to worry about the supply chain problems in the world. that is incredible. red land cotton is the name of the company for those folks that missed it. from cotton producers to car producers new cars are expected to be scarce going into the new year because of growing chip shortages. what does that mean for the used car market? we have carmax ceo bill nash. good to see you. supply demand, fewer cars, more demand than ever.

that means a lot higher prices, right, bill? >> yeah. it is interesting, david, thank you for having me on the show. >> of course. >> exactly right. the chip shortage caused for a shortage of new cars. the customers in the market for a new car are looking for larger selection and they're going down to the used cars. you have fleet providers, if you think about rental car companies, they're looking to restock their fleets. they're also looking for used cars. all of that put pressure on used car prices for sure. that is one of the reasons we stay really focused trying to make sure we pass efficiencies along to customers to make sure prices remain affordable for customers. david: looking at the first half of november, increase of 5% for used car prices. how much has it been year-over-year? i've been hearing 25% and up year-over-year for used car prices. what are you hearing? i think probably in that ballpark, 25 to 30% up year-over-year. david: wow.

what is extraordinary is we never saw this coming. we assumed that the supply chains would be available, the chip supply chains for years, for years we wouldn't have to worry about it. i'm wondering now, we see ford motor company planning to make their own chips. other companies suggesting they may do the same. is it conceivable, how quickly could that happen where we might be able to supply domestically chips we need for our cars? >> yeah. certainly no expert on the chip manufacturing but i can tell you that, i think we're probably looking at pressure here well into a good part of next year before we start to see some relief. you know, latter half, middle, hard to tell. i think this is here to stay for a little while. david: so your stock is up as a result of that. i mean the used car industry has never been in a better position now i would assume than it is and i'm just wondering how much

of your intake has increased? how many more people are recognizing gold in their car, their old car and trying to sell it off to you guys? >> no, you're absolutely right. well, first of all it has been a great year for us, especially the first half of this year. we sold more cars. we bought more cars. to your point, if you have an extra car laying around, now is the time to sell it. you know, with he certainly are in the market every day buying as many cars as we can through our stores, bringing it to our stores which are instant offer but, i think our story is some of it is on the macrofactors like the chip shortages and upping the demand but i think some is also things we're doing internally, investing in some of our strategic initiatives. we think about the consumer, their experience, what they're looking for, we really adjusted pivoted to more omni retail, meet the customer where they are at whether in the store or

online, combination of the two. for us and our success over the last half of the year is based off both macrofactors and many internal factors. david: quickly, you have supply chain issues i assume as well. you have to fix up some of the cars. you need parts and need to use labor. how much of all of that is affecting you very quickly? >> real quick, so, look, we're getting plenty of vehicles, through our own self-sourcing, plenty of vehicles. we do see inflation on parts as bringing cars back up but we'll continue to buy. even today, although inventory is where we would not like it to be, certainly it us the largest inventory in the country at this point. david: congratulations. bill nash from carmax. things going well for you. we'll be right back. they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected.

as a dj, i know all about customization. that's why i love liberty mutual. they customize my car insurance, so i only pay for what i need. how about a throwback? ♪ liberty, liberty, liberty, liberty ♪ only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪

knowing where you came from, it gives you a sense of “this is who i am”. oh my goodness... wow, look at all those! you get hungry for more and then you're just like, “wow, i'm learning about my family.” yeah, yep. which one, what'd you find? lorraine banks, look, county of macomb, michigan?

look at grandma... hey grandma! unbelievable. everybody deserves to know who they are and where they came from. ohhh...cool. this whole journey has been such a huge gift for our family. ♪ ♪♪ for our family. ♪♪

♪♪ ♪ ♪. david: i don't exactly remember that song but i was told it's gasoline a popular song to play. welcome back to the second hour of cavuto "coast to coast" i am in for neil. biden's plan to ease the prices at the pump facing backlash has millions get set to hit the road for thanksgiving. we will break it down starting with what drivers are facing when they fill up jeff flock is driving along pennsylvania turnpike. please don't take your eyes off

the road. >> we got off the turnpike to downtown philadelphia which is interstate 76. people set high gas prices again have an impact on holiday travel at the national average as we look at route 76 which is backed up at the moment national average is $3.40 that is down a penny from what it was last week. that's as highest $3.44 already. our friends at gas buddy did a survey. when they ask people are you going to travel this holiday 32 presented in a travel by car that's compared to 35% last year. fewer people they say, 65%

through the pandemic. we talked to aaa they said just the opposite they think people will not be troubled because the high price of gas and they'll take the trip whether there to pay more or not. >> we have never found that gasoline prices will affect people's travel patterns. once you make the decision you're going to go, considering this vacation or you haven't seen people in your family for a long time, because last year so bad, you are going to go on this trip. >> maybe we come back to life picture, downtown philadelphia looming in the distance. all traffic on the road at the moment. i tell you a lot of reviewers would like to know where is the cheapest gas in the country. only one state averaging under $3 a gallon for gasoline, that would be oklahoma $2.97 in texas is about the same in arkansas

$3. you talk about backlash on spr the price of oil today, you think without announcement today maybe oil would be on the way down but it's up over a dollar today. sell the rumor by the fact. david: it is $1.99, almost $2. it is worth watching and will be talking about that. it's a nice segue. careful of that drive. president biden looking to tap 50 million barrels of oil from the oil reserve as jeff was saying senior analyst and fox news contributor phil flynn joining me now. you say the tapping for the petroleum reserve will make the oil supply situation worse, how

so? >> when you try to cool off a red-hot demand market adding more supply you don't solve the underlying problem. the problem is we don't have enough supply to meet demand in a short-term shot of supply and demand goes up and shuts off extra supplies, what will you do for an encore. all the sudden oil is going to be gone. the amount of oil, 50 million barrels of oil from the reserve but when you break that down in a global market that's 12 hours worth of our daily consumption. what are you going to do for me after lunch tomorrow working anymore oil to replace those reserves. david: it is about five days worth of oil consumption in the united states. we consume between at&t back 20 million of barrels a day. it's just five days of use in the u.s.

if we look at the price of oil we had jeff flock on say it's up it's up to dollars a barrel. is this the effect you were talking about, as oil investors look to the future they see things has a very transitory mood with a oil reserve. >> absolutely right, we sold off in anticipation of this event, we were fearful we didn't know how many barrels and the exact plan, now we see no plant in the market is telling you is going to fail. we will see prices go up higher than they possibly would've been in the first place. another thing we haven't brought up, the next big question for oil traders, how is opec going to respond to this. the whole reason the biden administration decided to go off on releasing oil from the reserve is to send the message to opec but what if they send a message back to us that they

don't care and they may actually cut production in the future. if we do that we waste u.s. taxpayer money by selling oil under market value to a hungry market. i'm afraid the barrels are going to end up in china and india and places with the demand for oil is really crazy and supplies are tight. david: could all of these in-depth discouraging oil production in the united states? >> absolutely when you see the government intervene in a free market, investors pulled back. oil traders or oil producers make money when prices are high. the higher the price the more demand for the product. if you have the government saying you're making too much money were get a release oil and kill your profitability investors will think twice about investing in oil and gas.

the big mistake the biden administration has made is to make an enemy out of u.s. oil and gas producers. if they want a smooth energy transition they should work with u.s. producers not against them. everything they've done this far has only hurt u.s. energy production and discourage investment. david: phil flynn, good to see you. president biden will be given remarks on the economy and is built back better agenda in the next hour. while alexander outclassed to cortez is fuming over a watered-down potential spending package and warning that progressives may not back agenda going forward. reaction to defeat the president chairman ted harvey and democrat strategist laura think. >> is it possible that progressives could vote no on a slimmed-down bill back better plan after senator manchin uses

his pendant to cut out certain things in it? >> i think you will see that pass just like the infrastructure bill passed it will come back to the house and you'll see it passed, progressives are making noise about the things that they care about most. that's a job to represent the constituents. it'll be another biden w by the end of the year end lower healthcare costs of prescription drugs and childcare cost and it will provide preschool for families that will take the pre-under pressure off. those things are going to help lower households for working families and in the hope joe biden and america. david: infrastructure bill remember the squad boycotted and said no to that particular vote they were republicans who voted in favor of infrastructure. i'm wondering since i don't have

the margin, virtually every republican i don't know when that's going to vote in favor of bill back better. they don't have the margin so all it takes is a couple of aoc's to vote no again and kill the bill. >> i don't think they have any problem of getting out of the house you're jumping to conclusion to think it's going to get it out of the senate. here the democrats now pointing out the great talking points but they're missing all the radical socialist leftist programs that are in there and nothing more than their wish list that they wanted for decades. i don't believe mansions going to vote for or sinema. they have an election coming up in a year from now and they saw what happened in virginia and are scared to death what would happen in the next election. i don't see them voting for it. david: is there any compromise between what manchin would want this bill to look like and what aoc would wanted to look like? >> i think you're right joe manchin and kyrsten sinema are going to set the terms but you

will see aoc in the progressive caucus vote against infrastructure, childcare, elder drought cost. david: what is manchin cut that out. >> they have proven time and again, that they know how to swallow hard even when their priorities are impacted. they know that they need democrats to retain the house. do not discount their ability to think strategically. right now negotiation mode in a few weeks voting mode. david: what do you think, is there any way there could be too much of a divide between manchin and aoc to get this deal done? >> it doesn't matter what aoc thinks is awkward to get out of the senate they won't get the

votes to get it out. we have election one year from today. democrat senators not just manchin and sinema the other moderator looking what happened two weeks ago across the country and they're scared to death of what will be happening to them in the next election. this will not get through. david: let me move on political fact is pushing back on jen talkies and placing a bill back better comments. >> americans are seeing their dollars in paychecks stretched, why should americans not be concerned about of the $1.75 trillion or more would further raise inflation? >> no economist is projecting that this will have a negative impact on inflation. david: political fact labeling that statement calls. there is a lot of indication that a lot of biden's handling is a problem. how do you deal with all this? >> they gotta be happy they've

can give a false sense of trump menstruation. economist like mark and john chief economic advisor to larry sommer, obama's economic advisor said this will not have an impact on inflation but will have an impact on middle and working income families budgets. this is a real boom to middle-class americans and really having moderate to no impact on inflation over time. if you read the politicfact article they will say it doesn't have an impact on inflation but not every economist says. the fact remains that economist by and large agree that this will have moderate to no impact. david: you have a lot of democrats especially they are concerned from senator manchin to steve bradner to other former members of democratic administrations. the most important number for 67% of americans who disapprove of president biden's handling so

far. i think when americans go to the store if they see things they don't like about the prices they tend to blame the party that's in power. >> without a doubt. if you look at prices now they're shooting through the roof and they are blaming this administration. that's why this administration is going into the reserves, oil reserves and bringing out 500,000 barrels of oil. they're afraid -- they are afraid of what the inflation numbers are going to do this week, much less was going to be next year. when you see shipping container prices go from $4000 per container to $15000 per container that will have a huge impact in six months. the administration is running scared worried about this and you see the press secretary trying to lie to the american people because they cannot back it up.

david: good to see you both, thank you for being here. after the break growing calls for the u.s. to boycott the beijing olympics as the search continues for the missing chinese tennis player. allied report from the state department when we come back. ♪ ♪♪ it starts with a mother's determination to treat her baby's eczema. and grows into a family business that helps thousands more. it starts with an army vet's dream of studying the stars. and grows into a new career as an astrophysicist. it starts with an engineer's desire to start over. and grows into an award-winning restaurant that creates local jobs. they learned how on youtube. what will you learn?

i've spent centuries evolving with the world. that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. (vo) the more we do with our phones, the more network quality and reliability matter.

and only verizon has been the most awarded for network quality 27 times in a row. that means the best experience with calls, texts and data usage of any major carrier, according to customers. there's only one best network. the only one ranked #1 in reliability 16 times in a row. we are building 5g right.

david: not enough. missing chinese tennis player peng shuai has finally appeared in public but critics fear she is not free after accusing a chinese official of sexual assault pre-fox news correspondent benjamin hall is in d.c. with the very latest. >> there are calls for a boycott growing under diplomatic where officials would not travel to china for an olympic boycott. the whereabouts of chinese tennis player peng shuai remain a mystery. we have seen images of her eating at a restaurant in a video between the national limit committee but many believe those were stage, coerced and led the cause for a much tougher response. >> at the chinese communist party will take its own athletes and disappear them and march them out and hostage videos like this, what will they do to our

athletes. this is a regime committing genocide to its own people. we should not be doing anything to celebrate or honor china with the olympic games. >> it is time for us to wake up and speak up, all the gold medals in the world are not worth selling your moral values and principles. where is peng shuai, no beijing 2022. she played for china's three olympic games accused the former senior member of sexual assault on social media before disappearing from public view earlier this month. the chinese ministry of foreign affairs saying people should stop politicizing the issue. marsha blackburn has said she thinks there should be freedom games instead of the olympics from all around the world. senator ted cruz had a different view and said it would be unfair for athletes not to attend him they should go out there and beat the commies. david: thank you very much, the collapse of china author gordon

chang. yet senator cruz, yet jack keene, a number of prominent people who you usually agree with on these things and that we should go forward with the olympic games, maybe have some way of holding back corporations working with the chinese government if that's possible, what do you think? >> first of all the olympics are about the athletes and their safety is paramount. what they did with peng shuai shows that the athletes are not safe. also we are to the genocide convention of 1948, china is committing genocide to article two of the convention. we have an obligation to prevent and punish acts of genocide, that does not include going to the olympics and legitimization to the regime. david: athletes have spent years preparing for the spring this is a culmination of years of work by u.s. athletes and i wonder if

there is some other way to penalize the chinese government for what they have been doing then denying them the right to fulfill those years of training. >> the summer olympics were delayed year why not delay the winter. people are being killed, raped, enslaved, they are having the organs taken from them. the moral outrage has to outweigh the athletes right to compete. they can compete next year and a country not committing genocide with these crimes against humanity. david: we have seen dictatorships use the other pics before. i am persuaded by both sides of this, jack keene made a great point about why not to boycott the olympic games themselves but perhaps there are enough ways to prohibit companies making money working with the chinese government.

but again i go back to the 1936 olympics, i don't think it's dangerous to make analogies with a naughty regime. but i don't think you can ignore that. even during the 36 olympics yet jesse owens the great black athlete of the 1930s during the segregationist era of the u.s. history playing in front of or before the naughty regime that made a statement in itself. would it be possible for some athletes to make statements during their appearance? >> of course we should remember the 2008 summer olympics in beijing were after the games are over despite their promises, they increase their coercion and we've also seen for instance the ioc itself banned south africa's teams because a large portion of the south african population was not allowed to participate in sport, that is true of china. their activities are so far

worse than apartheid. i think the ioc should be in chinese participation. in response to your question, what else can we do. david: everything you say i agree 100% with what the chinese government has done and how horrendous it is and we have to do something about it. i'm just wondering living in the real world as you and i have to, sometimes things don't go our way it's clear that the biden administration is not going to boycott the lipid games, don't you agree? >> there might be a diplomatic boycott as the president said. david: he said he's thinking about that. >> i'm sure he's not going to go under the circumstances. you are right but you have ioc member dick pound saying moving the games would be silly and last week he said there's a possibility that we will move the games away. this is a moving situation.

david: a final question, any movement at all and getting independent investigators into the wuhan lab to check things out to get to the source of the pandemic. >> as long as the communist party rules china, that's not going to happen. david: good to see you, thank you for being here. progressives pushing to put an end to federal prisons. reaction from lb the king right after the short break. ♪ what makes salonpas arthritis gel so good for arthritis pain? salonpas contains the most prescribed topical pain relief ingredient. it's clinically proven, reduces inflammation and comes in original prescription strength. salonpas. it's good medicine.

david: some progressives are calling for bail reform despite a rising crime, gillian turner joining us with the very latest from d.c. >> a group of house democrats is advocating new criminal justice reform measures including a push to close down all federal prisons within the next decade. this comes less than 48 hours

after police took daniel brooks junior in custody after he mowed down parade growers and killed five people. aoc into other reps say they have major concern that excessive bail is created a humanitarian crisis in new york city jail system. there claiming conditions that the new york jails violate inmate civil rights with aoc tweeting more than 75% of individuals in custody have not been convicted of a crime and can find it unsafe conditions simply because they cannot afford cash bail. on sunday representative tlaib said she supports a proposal that will shudder all federal prisons over a decade. >> , did you see how many people are mentally ill in prison right now. >> you propose is so sweeping. what i'm trying to say.

>> within ten years i'll look at a process of how we can get away from mass incarceration. >> terrell brooks himself was out on a thousand dollar bills at the time that he plowed into a waukesha parade. the former district attorney says is outrageous. >> a thousand dollars cash bail is shocking. i imagine he is at shock with a thousand dollars bail when you have two felony cases pending with six felonies altogether, it should've been 10/10 thousand from those cases brooks has to "no cases in milwaukee county right now. david: reaction from the niece of martin luther king jr., alveda king. great to see you. i want to get this in a little different way, i know you support prison ministries, a lot

of people that we have, jack brewer the ex-nfl star, my wife has worked in prisons with inmates and there is also places, you can't get over but there's nothing more awful than what we saw in wisconsin on sunday were somebody getting out that should not of gotten out most down people at a christmas parade including little children. what is the middle ground how do you deal with the realities of prison while at the same time keeping those people like this guy from harming innocent people? >> the justice system, hello and happy thanksgiving. those who have experienced loss of a loved one we are praying with them for you, these are really troublesome times but we have to be kind to each other and love each other. the justice system does work more often than not, sometimes

it's too early and people are not rehabilitated in the very troubled and then we see the consequences of those types of decisions. what were gonna have to do is to seek justice, do it nonviolently, we've got to restore some compassion and human dignity. nonviolence is very, very important. here and around the world people are afraid, tempers are flaring, emotions are in balance. we will have to pay more and you knew i knew i would say that. david: that is always helpful, and addition to prayer, we should not leave that out. you have to deal with recidivists, you have to deal with the fact that new yorkers have been dealing with for years, people in l.a., chicago and now middle america is dealing with the same problem that you have people who are very violent who could do innocent people great harm.

what do you do with them if not putting them in prison? >> i'm not saying that we don't put people in prison. i believe people must be imprisoned at certain times. there needs to be programs in place in the prison were rehabilitating people. so when they are released to return to society they can be productive without being violent and frustrated and dangerous. to rehabilitate is very important, preparing people when at all possible to productive lives in society. david: we seen wonderful examples of reform, people who have turned their lives around thanks to the help of people like yourself and other people that go into the prisons and work with them, simple things like teaching them how to do different mechanical things where they can get a job on the

outside but more fundamental transformations of the character because the spiritual help as well. that is really where the emphasis has to be. i think you would agree with me on that one. david: i would agree, i am so sorry, through violence and covid in other circumstances. we have to have human kindness and human dignity. and to love each other, i have to pray every day to ask god to forgive me for my sins and my wrongdoing so i have a heart that is so compassionate towards others. david: i want to talk about the rittenhouse trial, that raised a lot of ugliness in the united states. particularly bringing race into the situation when it didn't necessarily belong there at all. the accused and the victims, the so-called victims were all white

in the idea of race came into this in terms of the analysis that was done by the media, so-called experts. how do you justify the racial division or pursuing the narrative of racial division when it doesn't belong at all. >> the racial issue does not exist here. and to try to make it a racial issue, mr. rittenhouse is latino, i believe. the people that he shot are caucasian. i think president biden called somebody a white supremacist. that made no sense when you draw the issue of race. it can only get worse. that's what we have seen here. david: how do we stop this? i remember you famously say that

we are one race in this world, that is the human race, every time we try we see members of the media and people for their own political purposes bring racial division back into the conversation. >> we bring the issue of one blood, one race, one america and one world after that. i am the chairman of the center for the american dream first policy institute. we are looking -- when you begin to see people as human beings not by skin color and other issues and conditions, then you can begin to have conversation and opportunity to nonviolently solve our problems. this really can be done. david: we pray for it, we all pray for it. maybe that's what we should pray

for this thanksgiving. great to see you again. my best to you and your family. god bless you. coming up elizabeth holmes taken the stand for a third day of testifying, folding of report after the break. ♪ it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care.

ho ho ho! not again. oh no. for the gifts you won't forget. the mercedes-benz winter event. get a credit toward your first month's payment on select models. there's a different way to treat hiv. it's once-monthly injectable cabenuva. cabenuva is the only once-a-month, complete hiv treatment for adults who are undetectable. cabenuva helps keep me undetectable. it's two injections, given by a healthcare provider once a month. hiv pills aren't on my mind.

i love being able to pick up and go. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may interact with cabenuva. serious side effects include allergic reactions post-injection reactions, liver problems,...and depression. if you have a rash and other allergic reaction symptoms, stop cabenuva and get medical help right away. tell your doctor if you have liver problems or mental health concerns, and if you are pregnant, breastfeeding, or considering pregnancy. some of the most common side effects include injection site reactions, fever, and tiredness. if you switch to cabenuva, attend all treatment appointments. with once-a-month cabenuva, i'm good to go. ask your doctor about once-monthly cabenuva.

(judith) in this market, you'll find fisher investments is with once-a-month cabenuva, i'm good to go. different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest.

(other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. david: amc is urged to adopt a new strategy to shake out the stocks naked short sellers, fox business corresponded charlie gasparino is here in studio, not naked. >> were gonna have a guy that came up with a plan. a short seller known as a prominent short seller, hedge fund manager, he came up with a plan to essentially do what is known a digital dividend on the stock. david: what is that? >> what will happen to get the digital dividend it could

squeeze out the shorts, that's part of the plan i'm going to let it the massive amount of shortselling covering their bets. the minute you offer a digital dividend if you lead the stock out that's what happens when you're short you'd borrow stock, solid and hope to replace it. but the lender would want the stock back to get the digital dividend that would force it to cover in the stocks will go up and you would be exposing whether people are not delivering the stock. if this does happen, we will buy him explain if it does or not. it's also a way to develop a value on the stock as well. this is not a company that can put out the dividend right now. i'm skeptical about this, the

one reason i am i'm going to give the floor to mark. you should know something right now, major amounts of insider selling and amc this year, not just the ceo who announced he's going to be 50 by the end of the year, he sold 25 of his own. insider so far this year i saw a bloomberg story, $70 million worth of stock, that is a lot of stock they have not done this. if this plan had a shot, my guess they would not be selling they would be waiting because the stock is going to go up to digital dividend. one of the things about this country it attracts all the retail people who are doing god's work investing in this. they think they're saving a company and maybe it's great at movie theaters. >> you doing this their investments. as you're buying the average

person the company insiders are selling. in their view, they don't have far to go. >> it's roll the dice. some of the stuff occurs on reddit and all the message boards, they keep talking about the mother of all short squeezes coming. guess what it has never come. the only way it's going to come if you do the digital dividend you might get a short squeeze. it's not coming. there is no evidence at the w squeeze. it sounds a little fishy by the false claims of a mother of all short squeeze. it's probably a book. david: the most point you've made so far is the insiders are selling and probably the only way to get the stock because this been hovering around for a while, it is down today on insider selling.

it's probably coho this is plan, will see if i happens. david: i have to ask this question but were getting into the weeds. what is happening with the company, are people going back to movie theaters? >> people are going back to movie theaters, more now than 2019. if you compared to 2019 and 2018 and 2017 the trend is down significantly, why is that. i don't think it's just covid anymore. you really want to sit in the movie theater and have a guy talk on his cell phone and kick your seat when you can do it at home. if you go to the movie theater for the popcorn they will sell it at the mall you can buy it and then bring it home with you. how is that for diversification. david: we will be watching 345 today on fox business. coming up next the new message morgan stanley is giving its

workers from working from home in the details when we come back. ♪ what's strong with me? i'm ready for anything. find out what's strong with you with fitbit charge 5 and daily readiness.

moving is a handful.

no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving.

david: founder and ceo elizabeth holmes testified for the third day in a criminal fraud trial, gerri willis has the latest on the trial. what a story it keeps on giving. >> it is truly amazing now were hearing from her directly for the third day in a row. what she spending her time on driving to the point that the reports she received about the blood testing technology, she said they were upbeat or was performing in a way that was excellent. she is accused of defrauding investors and an 11 count indictment facing 20 years in prison and a $2.75 million fine if found guilty. the prosecutors have to prove she intentionally tried to defraud investors and that is a very high hurdle.

blood testing would allow diagnosis of severe conditions like diabetes using only a single drop of blood. that was a really big idea, that's how she described on the witness stand but the tests were later proven inaccurate, unreliable and the company dissolves in 2018. home scape charges that her claims to be in business with the defense department was an assertion that persuaded some to invest in your company. she conceded that no partnership was ever struck. likewise she claims of doing business with pfizer and under the microscope but holmes countered the company had changed its focus to retail partners, walgreens and safeway. they offer blood testing through walgreens. they won't face prosecutors until after the thanksgiving weekend that will be fascinating.

her feet will be held to the fire. david: the old phrase, fake it till you make it which was the operative phase for a lot of companies in silicon valley is at stake. the idea being if you think of an idea and fake it long enough, eventually some scientists will be able to make it. depending on how this case goes that phrase could die or be resurrected. >> the stakes are far higher than most companies. here were talking about healthcare products. a product that would diagnose you, if you misdiagnosed the results can be tragic. david: a great story. morgan stanley making a major push to get more of its employees back to their desk. morgan stanley managing director at a conference call. if you are 21 - 35 you are not not to be in the office all the time let's get reaction from

research ceo ray wang. thank you for being here. i'm glad to see you in california i know you had to run to california, we were hoping to get you here but i'm glad you're in california sunshine. it's cold here. as morgan stanley right as are some things that the office has that you cannot afford to be without if you're young and ambitious? >> are definitely right you might have childcare issues you might not have the vaccine or afraid to go the office but the age covid 20 and 35 that is the formative years were your learning from mentors and building relationships in europe 80, 90 hours a week trying to understand the business you chasing the deal don't be an investment banker if you're not what you put in the work. that's why chris was so passionate and the entire team this is the most awesome

opportunity in the last ten years to go after the investment banking deals. i think that's what was behind the passion. david: even people making money off of the stay-at-home pandemic mode like reed hasting. he made a ton more money because people were home so often even read says you've got to get back but it's a tough sell. people have gotten used to it. we in manhattan have offices, 15 or 20% is saying a lot if you can get that many people back to the office. what is it going to take? >> leadership has to be in the office, people often feel comfortable and safe and you have to recruit the right folks. we notice that 47% of the people that were hired post-2020 have left.

that your highest rate of attrition because they did not have the relationships and there was not a mentor or the office culture or the folks to build those relationships. >> it takes a lot of your focus on career and moving ahead in your gonna want to be there. there is a shortage of talent and people are bending over backwards to create different types of conditions that might be great for the short but don't help build your career for the long run. i was doing management consulting in my 20s we put 100 - 120 hour weeks and it was about getting to know the client learning the business and stepping in when senior partners came in so you could hear from them and learn from them and understand the techniques and how to build those relationships, get a technical skill, understand the relationship in the structure that is there. you cannot do that when you're sitting at home, you cannot do that when the entire team is. >> there are certain jobs in certain roles were it might be

more effective instead of during our commute in an hour commute back but for those people who love the business and want to move ahead and see the opportunities out there you will want to be at the office each. david: the people that are coming back, the people that do come back there's something awkward in the relationship with other people, have you noticed that? >> there is, you noticed they were taller shorter than you thought they were. >> building relationships. >> great to see you, thank you very much. . .

hi, my name is cherrie. i'm 76 and i live on the oregon coast. my husband, sam, we've been married 53 years. we love to walk on the beach. i have two daughters and then two granddaughters. i noticed that memories were not there like they were when i was much younger. since taking prevagen, my memory has gotten better and it's like the puzzle pieces have all been [click] put together. prevagen. healthier brain. better life. [gaming sounds] [gaming sounds] [gaming sounds] just think, he'll be driving for real soon.

every new chevy equinox comes standard with chevy safety assist, including automatic emergency braking. find new peace of mind. find new roads. (kate) chevrolet. this black friday, verizon is doing it better. a lot better. because right now, you can get iphone 13 pro on us. just bring in your old or damaged phone and we'll give you the phone everybody wants on america's most reliable network. on any unlimited plan. better? better. and everyone gets up to $800 off when they switch. okay, everyone say betteeeer. (all) betteeeer! (kate) black friday better with verizon. because everyone, everyone, everyone deserves better. shop online, in store, or call today.

♪. david: well just moments away from president biden at the white house addressing the economy as inflation fears continue to run rampant but the market is not doing bad today. at least the dow. not so for the nasdaq. here is charles payne to guide you through the next hour. hey, charles. charles: thank you very much. good afternoon, everyone, i'm charles payne. this is "making money." breaking right now, of a masking broad weakness last week the nasdaq is under huge pressure this week as many are getting smoked. is it time to buy the dip again? time to talk styles, short-term trading and buy and hold. why your temperment may not matter. jay powell 2.0 might be more