Skip to main content

tv   Varney Company  FOX Business  December 8, 2021 9:00am-12:00pm EST

9:00 am
the morning, gymnast sitting his second world record, 31 backhand springs in a row while switching hands. dagen: this is epic, i can't even touch my toes. maria: i love it. that is callous. >> the record he broke was by stuart varney who did this 30 times. maria: joe concha, dagan mcdowell, hope you heard those comments. stuart: i will never forget them. good morning, everyone. and announcement from pfizer making waves. three doses of vaccine, in advanced development of omicron specific vaccine.
9:01 am
investors like this news, the dallas up 1000 points, continues to gain some ground. the 36,000 level is double what it was when donald trump was elected president five years ago. the s&p going higher, maybe 7, nasdaq up 16, some limited green on the left-hand side of the green. bitcoin gain no benefit from pfizer's news of dropping below 50,$000 earlier today, it is at 39,$000 per coin. the vaccine mandates getting serious pushback in the courts was a federal judge halted biden's mandate on federal contractors, a court rules blocked a court ruling blocked the mandate on healthcare workers. last month a federal appeals court shutdown the mandate on private is this is. in new york a judge with your challenge to the city's vaccination and, postponing it until next year.
9:02 am
those mandates would have kept workers off the job blocking them, helps employers get workers to work and that is part of the stock market rally. the mayhem continues in democrat run cities. in los angeles armed robbers are following people into wealthy residential areas robbing them at gunpoint. in chicago the mayor is blaming retailers for the ration organized looting. lori lightfoot says they should be hiring more security guards and those retailers should keep those expensive bags and purses chained up. blame the victim. i'm sorry to say we have to show you this, mid need tuesday, a man tried to burn down the christmas tree outside our studios in new york city. it had become a tourist attraction and it is a black and wreck. that tree will be replaced immediately, our version of build back bigger.
9:03 am
"varney and company" is about to begin. ♪♪ stuart: that is all that is left of it, a broken holcomb. that was fox's all-american christmas tree burned. good morning, what else do we know about this? >> a 49-year-old homeless man set the christmas tree on fire. he's charged with, mischief, reckless endangerment, arson, criminal trespass, criminal tampering and disorderly conduct and is expected to appear in court today. he allegedly has three prioress, three drug possession, one for public intoxication. his motive unclear. this speaks to the crime in new york city, safety of residents,
9:04 am
employees and tourists. we are rebuilding the christmas tree but those are images from just after midnight. stuart: the city is out of control. i am waiting for a statement from mayor bill deblasio. what will he say about this? >> a tourist come to take pictures in front of this tree. stuart: hundreds of children out there every single day coming to see our tree. i'm going to move on. let's have a look at the stock market, futures indicate minor gains. this is the third day in a row but we are up at "the opening bell". jpmorgan says in 2022 next year there will be a full global recovery and the end to the pandemic and return to normal market conditions. that's quite a statement from morgan. shah gilani, i take it you agree with that because you've been bullish for a long time.
9:05 am
>> distance was up, up, and away. the rebound is pretty encouraging, for the november high, that was a dramatic push down and all of a sudden we are 2.2% from the all-time highs. retail has come in which i love to see. a good and healthy 2022 for the market. stuart: a rally this morning, modest rally following today's of major rallies but the pfizer news, neutralize omicron, working on an omicron, are we up with it today? >> it has to be the reason it is a good enough reason. the new variant, it was looking good again.
9:06 am
and not sure what those doses do neutralizing it completely and that is incredible news and markets will rally. stuart: we have a banner on the bottom of the screen that says shah gilani says if we don't hit new highs we will see a dip. have we got that right? >> given the rebound we've had we've had a nasty selloff in early october, and this nasty selloff once again. things that are bothering me still exists and they are primarily the fact we are going to see rising rates and if we have a resolution to the virus we are deftly going to see it because the economy will continue to grow so that spread to the market. i would like to see us make new highs in which case if we do, going to have a volatile next couple weeks. stuart: are you selling anything now?
9:07 am
>> stocks are taking out, build some stuff on the dip, some more pfizer, we bought more pfizer. the reopening stocks, i am positive on the market going forward and if i see new highs we will see another leg further higher. stuart: thanks very much, see you again soon. saul omarroba's nomination has been withdrawn. >> withdrew her name, couldn't afford one democratic defection in the senate, a few moderates like john tester and mark warner a poster nomination, breaking up the big banks, to preserve public bank accounts
9:08 am
and she came from the soviet union at moscow state university. stuart: she's not going to control the currency. stuart: businesses in major cities, grappling with a sharp rise in smash and grab robberies but who the mayor of chicago is blaming, have it please. >> retailers downtown in michigan avenue, i am disappointed they are not doing more, to make it a priority. retailers won't institute plans like having security officers restored. locking of their merchandise at night, shaming, these purses seem to be having something that is attractive a lot of attention organize retail effectiveness. stuart: chain of those purses. matt schlapp, the dental and on the right-hand side of the screen is with us now. we are looking at democrat run big cities out of control.
9:09 am
can you tell me what the political consequences of this are? >> the political consequences is a lot of people voting democrat for decades, that is why we have those big victories across the country. i'm a partisan republican so i am happy about that, all over the country, and in virginia where a lot of my neighbors who don't like my politics all the time voted for glenn youngkin because they think democrats of gone crazy. stuart: a political response in favor of the republicans. we haven't seen much of it. >> these cities, i remember living outside new york city, and happen to a lack inspirational leaders. it will be that type of leader, the people who love their
9:10 am
cities, people who love chicago realize poor leadership like lori lightfoot is providing, blaming victims of crime and refusing to call out the criminals, she's been coddling violent criminals since the black lives matter summer violent protests and the consequences are you lose businesses. people who are law-abiding flea and when you put that in combination with this ridiculous crap they are teaching in our schools that we all pay for people are fleeing these cities and their tax base will break down and there will be huge budget shortfalls and it will come to a republican congress next year. will we bail them out? stuart: i hope we don't. the homeless man climbed the fox tree outside the studios, lit it on fire because of the bail reform laws, this man may be back on the street. it is another example of big cities, democrat run, out of
9:11 am
control. >> the christmas season, the feast of the immaculate conception. the war on religion and desecration of faith has to end in this country. we have to go back to having tolerance and acceptance. for these violent criminals and these criminals taking on important religious images and fox news, that was an attack on fox news from my perspective they need to spend a lot of time in prison and these democratic leaders the believe they should be out on the street, we have to stop this because it is dangerous to the idea of having a nation where we have acceptance, understanding, and growing. i would like to see them growing and getting better. stuart: we do not know the motivation of the suspect, no doubt we will find that out. matt schlapp, thanks for being here. >> i know it wasn't good. stuart: i think you are right.
9:12 am
stuart: a little bit of green across the board. a day after the biden prudent meeting, more force than obama did in 2014 when moscow invaded crimea. watch this. >> i will look you in the eye and tell you is president biden looked president putin in the eye and told him things we did not do in 2015, we are prepared to do now. stuart: does that mean american boots on the ground, would that be a realistic threat? covid optimism, absent another variant, things are under control by this coming summer, infectious disease expert doctor matt mccarthy, the doctor is in, after this. as yo.
9:13 am
that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. what's strong with me? i'm ready for anything. find out what's strong with you with fitbit charge 5 and daily readiness. (vo) what's better than giving a better phone this holiday season? oh! i know, i know. giving a better phone on a better network. how much better? ranked #1 in network reliability 16 times in a row better. the most awarded for network quality a whopping 27 times by j.d. power better. yeah.
9:14 am
and verizon is ranked #1 in customer satisfaction for small business wireless service better. this round's on me. holiday better with 5g from america's most reliable network. because everyone deserves better. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
9:15 am
♪♪ 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.
9:16 am
9:17 am
stuart: residents of maple grove, minnesota wishing for who -- here comes the sun. the temperature, one degree. i call that rather chilly. the ceo of pfizer revealing what he thinks is good news about covid. >> in mind every day, this is absent variant. we were in a good path to have things under control.
9:18 am
stuart: under control by the end of next year. i believe you were skeptical about this, don't think we will get things under control in the next year? >> the way we talk about getting things under control as we are seeing 10,000 new cases nationally, what the ceo is pointing to is around 10,000 new cases by the middle of the summer. the problem is this pandemic is not just about new cases. as more people get immune, living we have to deal with is how disruptive a positive case is. the problem is the cdc requires fully vaccinated people who test positive to quarantine or isolate for 10 days. if next summer we are down to 10,000 cases and still
9:19 am
requiring people to isolate for 10 days we are not going to be in a good place. what i encourage the cdc to do is look at ways for people to test out. we know if vaccinated person is not as contagious as an unvaccinated person. i see a change in the messaging so we are not focusing on the number of new cases which will certainly be low in the summer but to focus on how disruptive a positive case can be, how kids are missing school, people missing work and we've got to come up with the infrastructure and testing capabilities so people contest of quarantine and isolation and get back to normal life. that is when - stuart: 3 doses of the pfizer vaccine would neutralize omicron and pfizer is working on in omicron specific booster. investors are taking that is good news. what about the medical economy? good news? >> this was great news. these and revising antibody studies.
9:20 am
3 doses were shown to be protective just yet, making that inference based on hybrid immunity, studies that came out yesterday, if you got to doses of the vaccine, the headline is we are very encouraged, it might evade the immune system completely, that's not the case. i was reassured, the medical community as a whole is reassured. this is leading to is you need to get a third dose, you need 3 doses. that message hasn't crept up yet but in the medical center, this is a 3 dose vaccine, a
9:21 am
very difficult message, so many who are unvaccinated to say we are shifting the goalposts again and it is a 3 dose vaccine. when i looked at the data yesterday in those graphs the thing that rang out to me more than anything was this is going to be a 3 dose vaccine. big picture, good news, reassured, the third, delighted to have the tools. stuart: doctor matt mccarthy, thanks for joining us, see you again soon. the vaccine mandates is in trouble. this is about the jab requirement for new york police officers. >> and all city workers. new york supreme court justice granted a hearing that could lead to a restraining order against that mandate and that hearing but will decide for december 14th, the judge will make his decision to block or not mandatory vaccinations. this doesn't include private sector workers but you can bet it will set precedent.
9:22 am
stuart: delays until january of next year. >> if you are holding on getting vaccinated. we when you can hold out longer. which is good news for the city, for the police officer and firefighter. >> what does it say about the paychecks? a lot of them are unpaid leave and haven't been paid since december 1st. stuart: that is a complicated thing. unvaccinated covid patients in illinois could be presented with a medical bill. this breaks new ground. if unvaccinated people get covid they are going to be told you've got to pay your medical bill. lauren: comes from democratic state senator, it is punitive. if you show up in the hospital and you are unvaccinated and require services we are going to bill you the average fee which comes from centers for medicare and dedicate services of 24,$000. how do you think people -- do you think the senator will get reelected with such a punitive approach? stuart: i don't think so.
9:23 am
i don't have a sense where voters are on this. lauren: the mandates and sticks, on the line, the population that says never leave me alone and in their heels and further it won't get vaccinated and maybe actually can pass 24,$000. stuart: the economy suffers and you get more inflation. the rule of unintended consequences. he wants to get vaccinated you get inflation. check those futures, there's not much green compared to the last couple days. "the opening bell" is next. ♪♪
9:24 am
(vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. (judith) in this market, you'll find fisher investments is 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.
9:25 am
at fisher investments we're clearly different. when i heard about the science behind the new sensodyne repair and protect with deep repair i was super excited about it. it shows that the toothpaste goes deep inside the exposed dentin to help repair sensitive teeth. life is just too short to miss out on simple things like drinking that cold cup of water or having a sip of hot coffee. i have the science to prove it, i can see that it works and i feel confident recommending it to my patients. i'm really excited to recommend new sensodyne repair and protect with deep repair.
9:26 am
9:27 am
stuart: eddie go bore is our market watcher this morning. i believe you are doing some selling during this different. not like you. tell me more and tell me why. >> last week i share with your
9:28 am
viewers buying the dip in large mega tech stocks and a great opportunity. we are selling the risk, this is gift we've gotten this week and selling high risk assets. the things that work the first 6 months of this year in our opinion is not going to work the next 6 months, so reducing high data, increased cash here yesterday and started to rotate into the lower beta way. i don't want to be overly exposed to risk, the number that comes out friday. now the conversation will come to accelerating tapering because the fed has missed the call on inflation and so a set up for me in the near term, we have been selling. stuart: so your big concern, the dark cloud on the horizon which everybody is talking about, that dark cloud is when
9:29 am
the federal reserve stops printing so much money, or stops it completely and starts to raise rates, that's your problem. >> exactly right. the fed has made policy errors in the past and we are heading into a time period we have the most massive amount of money printing in history of this country. what is the probability they tighten and taper in a manner that doesn't disrupt the market. that is not something i'm willing to take, we have a gdp that will be slowing down while the fed attempts to taper a massive amount of debt, don't see how this is going to happen. investors made a lot of money this year. it is prudent to be very active and make changes the portfolios while -- before you have a major correction. stuart: a lot of viewers invested heavily in big tech and made a lot of money on it. should you, should they be selling any of their big tech.
9:30 am
>> increased big tech, our targets is more the second part of the first quarter with mega tax. the reflation trade, they need to focus on reducing. stuart: thanks for being here, see you again soon. it is wednesday december 8th, the market is up and running. the doubt from the start, 60 points but a majority, 2 thirds of the dow 30 are in the green and the dow is up 70 points. the s&p 500, 0.13%, the nasdaq is dead flat. i will call that absolutely dead flat. we would like to show you this,
9:31 am
all the big tech stocks are up this morning. it is not a huge gain but they are up and apple his hit an all-time high, 171 on apple, one third of one%, $0.56 and that is $171 per share. apple could hit a new milestone today. >> the world's first $3 trillion company and what do they need to get there? stock price of $182.86 or game of 7%. might not happen today but that happened this week. stuart: 182 makes it 3 trillion. >> the products coming. >> 171, let's look beyond meet, they've got their problems recently, hired top executives from tyson foods. >> two to be exact, ramsey as chief operating officer. at tyson he worked with mcdonald's and there's a lot of
9:32 am
fast food relationships. the chief supply chain officer, a new role, beyond meet is getting ready in 2022 from mcdonald's, yum brands, pepsi and executives to help them. stuart: beyond meet is not been a wild success as it was promoted as being in nearly days. lauren: i have yet to be behind someone in the grocery store or in line that orders beyond. stuart: would you go to a fast food operation and say give me a fast food burger? >> absolutely not. stuart: beyond meet is dead flat. blackstone, full disclosure, i own some blackstone and it is down 3.5%. >> retiring, the firm is up
9:33 am
$5 million in common stock, retaining 80% in personal holdings, blackstone repurchasing $2 billion of common stock, stock is down 3%. stuart: i don't see the negative, when you are buying stock, that is usually good, there's got to be another reason but it is down 3.5%. stitch down 26%. this is the online clothing people. >> a couple pieces of bad news. they only added 15,000 new customers in the past quarter. you want to see a bigger build it cuts the outlook for the year, the street never liked it but they introduced a different type of shopping experience. more freestyle. it confused people and you didn't have to be a loyal member, you can shop once and leave and that is what customers did. they didn't get to retain them with those fees, i am out. that is what happens. of the stock is down 28%.
9:34 am
they were a reopening trade, they did well and why are they up another 5%? >> a third of total revenue, they stored 180% in the past year, amusement up 200% and the board approved $100 million share buyback program. stuart: $100 million share buyback works every time except for blackstone. >> i will see if we see anything else? >> toll brothers down today, didn't they see a huge increase in profits. >> profits nearly doubled, they expect to deliver 12,000 euros this year at an average price of 880,$000, the range is 8752895, home prices are going up and they see 20% growth next year. the housing market is strong. stuart: a contradiction today. i do see the dow opening with a 100 point gain up 96 points,
9:35 am
some green right there. campbell soup up 2.5%, they do more than soup. >> prego pasta sauces, costs are going up which sensed their margins the passing along higher cost in the form of price increases for consumers and we accept them after earnings. >> the dow up 80 to 90 points in the first 5 minutes of business. winning stocks among the dow 30 are amjen at the top of the list, american express is there. merck is there and so is chevron. s&p 500 winners, see anything interesting? black and decker, norwegian cruise lines. the cruise lines are back but they never really came back. diane: has been very choppy waters for them. stuart: nasdaq winners. tell me was on that.
9:36 am
>> rightly automotive booking holdings, research. stuart: remember the days when it was apple, microsoft, amazon? neil: apple had a record high of 172 going to 200. maybe 225. do we have to talk about microsoft with a new high every single day? stuart: i would love it. the producer is saying move on. check the big board, up 28 points, 35,00748. the 10 year treasury yield is one.49%. the price of gold hasn't done much these days, 1781. bitcoin dropped below 50 grand, now is 50,170. oil on the upside or the downside. it was up, nauert is down $0.40, $71 a barrel.
9:37 am
natural gas only $3.89 per british thermal units. if the weather turns gold that price will go up. the average price for a gallon of regular gas 334 and in california it is $4.69. police chief in beverly hills, california, where it is probably $6 a gallon, says liberal policies are reason they are seeing a spike in violent crime. watch this. >> couching the criminals and the problem is catching them over and over again, being released quickly without bail and not staying in prison but we continue to deal with the same people again and again. anyone decline of democrat run cities in the governor of what i call the formerly:status taking a break from the crime crisis going on a book tour. president biden warns russia's vladimir putin against invading ukraine. any options on the table to deter them? ♪♪
9:38 am
♪♪ - hi, i'm steve. - i'm lea. and we live in north pole, alaska. - i'm a retired school counselor. [lea] i'm a retired art teacher. [steve] we met online about 10 years ago. as i got older, my hearing was not so good so i got hearing aids. my vision was not as good as it used to be, got a change in prescription. but the thing missing was my memory. i saw a prevagen commercial and i thought, "that makes sense." i just didn't have to work so hard to remember things.
9:39 am
prevagen. healthier brain. better life.
9:40 am
9:41 am
9:42 am
stuart: that is the white house, dc as of right now. jake sullivan says president biden hinted at boots on the ground if russia invades ukraine and also hinted at lord - it should speed natural gas to the europeans, that could be shutdown. he's hinting at that. what do you have for us? >> reporter: high-stakes video call between president biden and president putin appears to have been productive according to white house readouts.
9:43 am
president biden voiced deep concern over the movement of russian forces near ukraine adding the president make clear russia would be felt economic and other responses of military escalation takes place. >> i will can the eye and tell us president biden looked president putin in the face and told him today things we did not do in 2014 we are prepared to do now. the gas is not currently flowing through the nordstrom team pipeline, it leveraged for the west because if flammable wants to see gas flow through that pipeline he might not want to take the risk of invading ukraine. >> reporter: the kremlin says president putin asked for assurances from nato expansion eastward and putting offensive weapon systems near russia. this comes as 100,000 russian troops are on ukraine's bordering us intelligence officials believe russia has planes to invade early next year. we saw ukraine marked army day,
9:44 am
visiting troops near the front line. >> we are concerned about security, they will seek we expect additional capabilities and deployment and the united states will respond positively. >> president putin speaking in russia, calling talks with president biden open and constructive and the russians plan to send a proposal to washington over the next week about their own demands. stuart: thank you very much. national security guy, our american boots on the ground and shutting down nordstream are those credible threats from this president? >> great question and that is what vladimir putin is trying to assess. would president biden put
9:45 am
american troops having withdrawn from afghanistan so precipitously on the ground? my guess is he assesses he is not and the question is are economic sanctions and nordstream 2 enough to pressure putin to not invade? stuart: on the nordstream 2 question we are relying on the germans to say, let the gas flow. that would be cutting off europe from the supply of natural gas coming from russia. they wouldn't do that, would they? >> that is the problem. we have seen this problem coming at us for years. we've known about nordstream, we haven't built alternative pipelines, haven't given liquid natural gas capability to the europeans to bring liquid natural gas over to the europeans and so we put ourselves in position where the europeans are reliant, they may be willing to shut down nordstream 2 for some time it will be a hard long-term effort
9:46 am
and if we don't have alternatives for the europeans. stuart: we don't have leverage. it seems like to hold the cards. grandiose statements hinting boots on the ground and shutting off the pipeline, but those are grandiose threats which putin could humiliate us over if we can't follow through. >> exactly right and that is the biggest challenge we face today. the president having made these points has to stand by them. we can't have another syria red line where we make a statement and don't stand by it, china is watching. with respect to taiwan they are thinking about standing up for ukraine the way we said we're going to do that will be a challenge for china. we got to stand by at this point. stuart: your opinion who won? did anybody win yesterday? >> vladimir putin did get what he was looking for which was an agreement to talk about nato expansion, nato and american weaponry on ukraine soil, he won that piece of it.
9:47 am
we don't want cards on the table we can effectively use and the question is will president biden be willing to stand behind his words? the hope is we want needs to because if he doesn't vladimir putin will roll over and i worry more about china and president xi. stuart: all-americans want to see our president stand tall and strong in the face of hostile dictators. we support the man but you got to be worried whether his threats are credible or not. thanks for being with us. stuart: more countries joining the diplomatic boycott of aging winter olympics which is joining? >> australia, the uk and scotland are not sending government officials, they are sending athletes but they are calling out human rights abuses as the reason, our diplomatic boycott of aging games in less than two month is starting to get teeth as more countries are protesting what we are seeing. stuart: we don't know what
9:48 am
china, beijing, is doing in response to this. we don't know. replay to retaliatory threats but we don't know what they are they might be nothing. stuart: thanks very much. we told you about the ceo who fired 900 employees right before the holidays on a zoom call. watch this again. >> >> if you are on this call, you are part of the unlucky group being laid off. stuart: that is not the end of the story but wait until you hear what happened next. new york city on the verge of giving noncitizens the right to vote in local elections. outgoing mayor deblasio supports the move. i will say this man is the worst mayor new york city ever had. ♪♪
9:49 am
just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. (vo)sit indeed.com/hire t-mobile for business helps small business owners prosper during their most important time of year. when you switch and bring your own device, we'll pay off your phone up to $1000. you can keep your phone and keep your number. visit your local t-mobile store today.
9:50 am
what's strong with me? yoi know when i'm ready and kefor a rest day. so i can be ready for anything... tomorrow. find out what's strong with you with fitbit sense and daily readiness. as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime.
9:51 am
it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.
9:52 am
3 outside our studios was a beautiful christmas tree. it was burned last night. you are looking at the black
9:53 am
and hold, the middle frame. the good news is we are replacing it immediately. at 2:00 pm tomorrow we hope to have the whole thing replay stand at 5:00 pm tomorrow afternoon we hope to have a new tree lighting ceremony. that's the good news. deblasio, the mayor of new york is holding a press conference. he did not address this outrage to my knowledge but he did say new york city is one of the safest places in america. he also said today, he's the outgoing mayor, today's the last day his administration will address crime and public safety. now this. only 12% of the world's semiconductors are manufactured in america. the governor of texas wants to change it. lidia is at a chp plant in austin, texas. what is the governor planning? >> governor greg abbott is planning to continue the momentum since samsung announced plans to build a
9:54 am
$17 billion chip manufacturing facility in texas. we are at a fabrication plant where they had the operation going for 26 years and executives say they agree texas is a great place for chip manufacturing. is the professional expertise that sets the state apart. >> the infancy of the chip business, started in texas, we have the expertise to do it. >> reporter: we got an exclusive look at the painstaking process that happens here, 24 hours a day 7 days a week to produce these semiconductor chips. in an effort to keep up with global demand making a single chip for a car can take as long as three months under a rigorous process. we know the auto industry could use as many chips as it could
9:55 am
get, an estimate from auto forecast solutions show 6.3 million cars won't be made this year because of the chip shortage, with the push toward electric vehicles we know the appetite and the need for chips is only going to grow, making texas the capital of chip manufacturing would be a great boost for the state economy. stuart: thanks very much. check those markets, we have some green, not that much, the dow is up 50. new york congresswoman, laura trump, larry alert, the 10:00 hour of varney is coming up next. ♪♪
9:56 am
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 . . ranked #1 in network reliability 16 times in a row better. the most awarded for network quality a whopping 27 times by j.d. power better. yeah. and verizon is ranked #1 in customer satisfaction for small business wireless service better. this round's on me. holiday better with 5g from america's most reliable network. because everyone deserves better.
9:57 am
9:58 am
9:59 am
as a professional bull-rider i'm used to taking chances. but when it comes to my insurance i don't. i use liberty mutual, they customize your car insurance, so you only pay for what you need. wooo, yeaa, woooooo and, by switching you could even save 665 dollars. hey tex, can someone else get a turn? yeah, hang on, i'm about to break my own record. yeah. only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ ♪. stuart: okay. they're doing they're best to cheer me up with some beatles and it works, ladies and gentlemen. good morning, everyone. 10:00 eastern, straight to your money. not that much movement for stock prices. most of it to the upside but only just. dow up 20, s&p 2, nasdaq down
10:00 am
16. big tech all over the place, mostly higher. amazon, microsoft, mostly lower. yield on 10-year treasury as of now, 1.50%. that is why big tech is not doing that well this morning. when yields rise, big tech doesn't do well. bitcoin, $58,800 this morning. an important number released, the jolts reports. number of job openings, vacancies you can call it, unfilled jobs. it is usually a big number. we got that number within a few seconds. did we get it? lauren: i'm waiting on the number. i can tap dance. it is expect to fall for three months in a row. so if you look at a situation, the jobs report on friday showed us 6.88 million people without a job actively looking for a job. then we find out how many jobs are open, there is a mismatch. why can't you get one of those.
10:01 am
we're expecting 10.369 million jobs to be open. why can't we get one of those? do we have the number? lauren: not yet. how is my tap dancing? i can keep going if you like. stuart: it was over 10 million for some time. lauren: in september it was 10.4 million. all-time high was july, shy of 11.1 million. obviously companies are having a troubles filling positions, 11 million. this is right near the july all-time high. for october, 11.33 million jobs open. 6., second highest on record. stuart: not a big deal for the market. i think it's a big deal for the economy. the. lauren: the market knows this. but for the economy -- stuart: 11 million jobs available, no takers for 11 million jobs. what is the problem in the economy. you can't get people to go back to work. lauren: the culture has changed,
10:02 am
skillsets necessary for those jobs have changed. a lot of people don't want to go into an office. a lot of companies say you have to come in. stuart: especially in the cities. no reaction immediately on the market. now this. one year into the biden presidency we have lost so much. no wonder so many people think our country is on the wrong track. we used to be energy independent. that's gone. he killed the keystone pipeline. he killed new investment in energy production and then when we're hit with a energy shortage, he begs opec to produce more oil. energy independence was maybe the first thing that we lost. then came the border. closed under trump. open under biden. the walban doned. trump policies reversed. 200,000 illegals coming in. you can't fly into america without vaccination and testing but you can walk across the southern border, no problem. that is a loss of sovereignty. in august the afghan debacle, with that we lost the respect of
10:03 am
the world. under trump our rivals knew we meant business. under biden we're pushed around and threatened. where to now? what is combing at us in the second year? a loss of credibility on the economy? throwing trillions, upon trillions into an economy already has inflation is not the way to inspire confidence. on the virus, biden's vax mandates have been already challenged in the courts. trump gave us vaccines. biden blew it. add it all up, you're looking at a failed presidency. biden has neither the stamina, nor the policies to turn it around. we've lost so much. second hour of "varney" just getting started. ♪. stuart: look at this, an op-ed hearing is titled, progressive policies that permit rising crime must be stopped. voters in these cities say enough. liz peek wrote that and she
10:04 am
joins me now. if the voters are saying enough, what is it your evidence for that? >> well i think we saw in new york that the mayor of new york, the person who won the mayoral race, eric adams, a former cop beat out progressives who were talking about being light on crime, the same thing. and we've also seen that in atlanta again. a non-progressive black man was elected, president, mayor of atlanta last week. again beat out progressives. i think we're seeing in polling, stuart, people have had enough of crime in their streets. they have had enough of this looting. they have had enough of no bail being imposed for even homicides in new york city. it is an sane. people are really fed up. stuart: it is a long way to the next elections in 2022. it is 11 months. 11 months in politics is a very long time. does this voter anguish about what is going on in our city, does it have legs? will it last through 2022?
10:05 am
>> i think it depends what the crime rate looks like going into the election. we've seen this is a very potent weapon that republicans are able to use against democrats, and in particular, it is very powerful with suburban white woman, a group that republicans lost in 2020 and kind of began to lose in 2018. this is a very big deal. people want safe streets. by the way, what community is hurt worse by all this crime? it is minorities, right? stuart: true. >> so we've seen some hispanic and black movement towards republicans. independents certainly that is true. i think that will continue. it is the black neighborhoods in new york city are riddled with kids getting shot for no particular reason exempt -- except they're in the wrong place at the wrong time. it is unconscionable we're paying more attention to protecting criminals instead of our citizens at this point. i think there is a real tidal wave of opposition to it. and by the way the whole thing
10:06 am
is built on a lie. the lie is that all these innocent people are locked up in our federal and state jails for no particular reason. it is not true. mostly these are violent offenders in prison. they should not be let out of prison. that is sort of the big lying perpetrated. stuart: liz, you may have gotten a shock walking into our studios this morning to see the christmas tree. let me update the viewers on this. what you're looking at now, the blackened hulk of a christmas tree was burnt down last night. that tree was a tourist attraction outside 6th avenue in the middle of new york city. i have to tell you this, look at that. that is what, midnight last night, right outside of our studios, burned down. the good news is, that a new tree should be up by 2:00 p.m. tomorrow. we're going to replace this thing. a lighting ceremony will likely take place around 5:00 p.m. that is what we call, liz, build back bigger. >> i think that is awesome.
10:07 am
it turns out it was an arsonist who did this. not just a homeless person who set the tree on fire. i hope they keep them in jail. to me this is a hate crime this is something that children and families were really enjoying in new york. it is unconscionable. i hope they put him in jail and keep him there. stuart, doesn't happen very often. stuart: we don't know the man's motivation at this point. i will not speculate on it, we do have a no bail situation in new york? who knows whether this man comes out or stays in jail. who knows. liz, thanks for being with us. we appreciate it. always. the smash-and-grab robberies surging in chicago, but the mayor lori lightfoot blames retailers. you have to tell me more. lauren: she did. she blamed the retailers. she should apologize for saying this. >> some of the retailers downtown on michigan avenue i have will tell you i'm disappointed they're not doing more to take safety and make it a priority. for example, we still have retailers that won't institute
10:08 am
plans like, having security officers in their stores. locking up their merchandise at night. chaining high-end bags and purses seem to be something that is attracting a lot of attention on these organized retail theft units. lauren: we've heard democrats say, no, this doesn't exist. we heard them blame the retailers who are still trying to get back from the pandemic, they should do more. what about the small mom-and-pops, next to some of those larger, bigger chains so they can get the foot traffic? they're supposed to go out to hire security guards. the fact this is not happening in bad areas like the south side of chicago, more of but more ofa fluent. you have a major problem. stuart: we'll get to what happens in beverly hills, california. we'll get to it. market, mixed picture. dow is -- nasdaq is down, dow
10:09 am
up. here is david bahnsen. here is what jpmorgan jpmorgan is saying. they are saying 2022 will see a full global recovery, an end to the pandemic and return to full normal market conditions. what does david bahnsen say about that? >> normal market conditions would be worse than the market conditions would we be be having. stuart: true. >> of course i agree with them about the economic outlook for economic activity. the only thing i would say that is not a result of the pandemic going away. it is the result of human beings becoming determined to get their lives back and live in reality, the grown-up reality there is always risk in the world and we did the very best we could to mitigate the covid pandemic. now we have to go forward, which of course is something, stuart, a lot of us have been saying over a year now. but i agree with jp's global economic outlook. stuart: you're our dividend play guy, if you don't mind me calling you that. you brought a couple stocks with
10:10 am
you today. lyondell bar, i don't know how to pronounce it, a chemical plastics company headquartered in new jersey. what is the dividend and why do you like them? >> it's a 4 1/2% dividend they have grown double digits for the last 10 years. that is were i love them. it is high dividend, high growth. one of the rare companies we own that has exposure to commodity prices. the better oil is doing, with higher prices the better lyondell is doing. makes their product more expensive. they work off natural gas liquids. it is well-run, good capital discipline. high yield, very profitable company. stuart: 5% i have will take it. the simon property group i know something about them. i bought them at a high. collapsed during the pandemic, shut down. now they're back up again, they have have what dividend 4.4%.
10:11 am
you like them. >> this is one of the great casualties being in the studio during covid i could have talked to you out of selling simon properties. got down to $50. it is over 150, stuart. the reason they have great assets. we obviously understand what happened to the retail last year when the pandemic happening. they are collecting 95% of rents. they have great brick-and-mortar. cash flows are growing. dividend up 19% from what it was a year ago and we really believe it is an example, yes, we understand a there are brick and mortar challenges. they are repurposing all the assets, more entainment, more experience, meantime cash flows to dividend investors like us. stuart: we'll take it. david bahnsen, thank you very much, sir. we'll see you again real soon. thanks, david. >> thanks. stuart: lauren with me again. movers including roku. lauren: it is up 9%. crisis averted. they reached a multiyear agreement with google to keep youtube on their streaming
10:12 am
platform. so if they didn't have this deal, tomorrow, 56 million roku accounts would have seen a disruption. not being able to access youtube. you would have seen defections. this case obviously caught the attention of congress. google a big dominant market player asking for preferential treatment from roku a smaller player. stuart: okay. pfizer, biontech, i always get the pronunciation wrong, pfizer not doing much. they have good news on the virus and omicron. biontech is down. what is the story here? lauren: they're both down. we have comments from the ceo of biontech. they're looking to see if kids and teenagers 12 to 15 need boosters for omicron. they don't have the data. they will get the data for older children next week. they still don't know about five to 11 years old. if you're a parent deciding whether or not you should vaccinate your child, you want to wait whether or not the current vaccine will protect them from the current.
10:13 am
stuart: what if they're is a man date. there is confusion. ridiculous. lauren: it goes to the courts. stuart: southwest airlines. lauren: they expect to be profitable this holiday quarter. whoo. they expect leisure demand despite omicron. demand is still down from 2019. we haven't seen the full recovery from the airlines just yet. stuart: thank you, lauren. elon musk always making headlines. he says declining birth rate is one of the biggest threats we face as a civilization. roll tape. >> one of the biggest risks to civilization is the low birth rate and rapidly declining birth rate. if people don't have more children, civilization will crumble, mark my words. stuart: if we don't have more children, civilization will crumble, mark my words. that is food for thought. we have the full story next hour. a new poll, 63% of voters think the country is on the wrong track for president biden. we'll bring you more on that for sure. texas congressman gonzales,
10:14 am
represents 820 of the u.s.-mexico border. seems texas is having to enforce control of that border. who pays for it? texas? the people of texas? i will ask that texas congressman next. ♪.
10:15 am
what's strong with me? i'm ready for anything. find out what's strong with you with fitbit charge 5 and daily readiness.
10:16 am
10:17 am
every day in business brings something new. 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.
10:18 am
♪. stuart: the remain in mexico policy has resumed in parts of texas but not at the epicenter of the migrant crisis. that is the rio grande valley. that is where bill melugin is. that is the border's busiest sector. what is going on? reporter: stuart, good morning to you. what is going on over the last few days we have seen quite a lot of runners coming through
10:19 am
the area, less family units, more runners. people who do not want to be caught by law enforcement. we'll show you those in a moment. show you pursuit video, by texas dpsa texas state trooper pursuing a human smuggler in roma, texas, about an hour away from where we are. the that human smuggler has confirmed gang member in her vehicle. illegal immigrants bailing out ever the vehicles it was moving. hit the asphalt. go running off through the night what is bizarre by this pursuit, what makes it unique, the driver in an attempt to escape, goes to the port of entry of roma, literally drives through the barricade. drives through the arm up and down through the port of entry. destroys it, through mexico. attempting to get away. that did not turn out good for her. she is an american citizen, got
10:20 am
arrested trying to come back into the united states. here is the kicker, when this happened she was on supervised release on parole for a previous human smuggling charge. she was on parole for that. she gets caught human smuggling again. charged with human smuggling and evading. look at the note stow. this is one of passengers she had in her vehicle. possibly her boyfriend this is a confirmed gang member cord towing texas dps. a confirmed member after popular street gang in the united states. we're talking about those runners. take a look at video. we shot it in this exact spot we're standing yesterday in la jolla. this ask a group of runners came across illegally yesterday and were apprehended by texas national guard and border patrol here. this is directly across the street from a residential neighborhood. to that point, look at this video a different runner was caught. he is at that timed up. and wearing camo. he was caught in the middle of a residential neighborhood in front of a bunch of homes.
10:21 am
that kind of thing happens out here all the time. back out here live, customs and border commission has new commissioner. chris magnus. tucson pd chief. he was confirmed by his senate. his views mostly line up with the biden immigration during his confirmation hearing he did not call what is happening down here a crisis. send it back to you. stuart: bill melugin on the spot again. thanks very much indeed, bill. i want to bring in congressman tony gonzales, seems to me, congressman, texas itself, the state has to enforce border control. the feds are not doing it. do texas people have to pay for this? >> absolutely right. i appreciate bill and fox's coverage on this. what we saw moments ago has been happening almost a year with no end in sight. what is happening is, the biden administration is riding, writing bad checks and texans are having to cash them. governor abbott is really been
10:22 am
on his own, having to create a makeshift wall with old containers. having to distribute dps in order to help on that. border patrol agents are completely overwhelmed. in the del rio sector alone, about0% 70 percent of border patrol agents are not in the field. they're in the processing centers. eagle pass, an hour from del rio is the new hotbeds. we're seeing hotbeds in arizona. there is no end in sight. solely on the biden administration. they reimplemented remain in mexico policy in el paso. guess what? only 30 people are getting returned back to mexico. in the del rio sector alone there is 1000 apprehensions. it is a drop in the bucket. stuart: you represent, your constituents you have 820 miles of the border, the longest stretch represented by anybody in congress. your republican. what are people in your district think about this mass migration
10:23 am
into their territory? >> yeah. texans, texans have had enough, right? regardless if you're a republican, democrat, whether you vote or not, everybody has had enough because it's pure chaos along the border. from the high-speed chases, from the gang members. i was traveling through evalde, a few weeks ago. i stopped for gas. this is smaller community, a smaller community outside of evalde. next to me a person all at&ted up. they were clearly not from there. human smuggling has seeped from the border to our cities, and attracting some gang members into it. it is pure chaos. the biden administration has to act, act in a manner that talks to republicans democrats alike. stuart: but they won't. representative sensitive tony gonzales, republican from great
10:24 am
state of texas. they won't respond to this. thank you very much. >> thank you, sir. stuart: new poll is voters are pessimistic about going into the new year. >> pessimistic about the economy and president's leadership. when asked which candidate would you support for congress? look at this 44% said republican. 41% that is democrat. that is a major for the midterms where the democrats hold slim margin. they are divided. not speaking to issues voters are talking about. safety and crime as it affects family safety. 63% say the country is on the wrong track. the question, can all of this be reversed? we less than a year. if the midterms are about biden's performance, his approval 41%. he has bipartisan infrastructure bill but the issue with that, it is like long term, right? people are saying, as we're sitting at kitchen table, what is affecting us right now? well that bridge is coming in 10 years. that doesn't motivate you to go to the polls.
10:25 am
stuart: betting on major issues. the way i see it. lauren, thank you very much. popular italian market in new jersey has been understaffed for months. we'll talk to the owner to see what measures he is taking to keep current employees from leaving a judge temporarily blocks new york city mayor de blasio vaccine mandates. new york congresswoman nicole malliotakis discusses that next. ♪. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency.
10:26 am
as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com (vo) what's better than giving a better phone this holiday season? oh! i know, i know. giving a better phone on a better network. how much better? ranked #1 in network reliability 16 times in a row better. the most awarded for network quality a whopping 27 times by j.d. power better. yeah. and verizon is ranked #1 in customer satisfaction for small business wireless service better. this round's on me. holiday better with 5g from america's most reliable network. because everyone deserves better.
10:27 am
10:28 am
goldshore resources is an emerging gold developer holiday better with 5g from america's most reliable network. with an experienced and successful management team, that's well funded to double the 4 million ounce resource over the next 2 years at their ontario based project. goldshore resources. ♪ ♪ ♪ ♪ ♪ ♪
10:29 am
with chase security features, guidance and convenience, banking feels good. chase. make more of what's yours. stuart: we reported at the top of the hour there are still, at least in october, 11 million job openings. that is 11 million jobs going begging. that's close to the high of 11 million back in july. madison alworth with us at an italian market in new jersey. madison, i understand they're having staffing issues there. so what are they doing to keep their current workers? reporter: yeah, they have just been struggling to hold on to those workers, stuart. they have actually increased wages by 12% and they're eyeing another wage increase to hold on to the workers that they have and try to entice new people to
10:30 am
come. take a look, like you said, this job opening number, over 11 million in october, that is the second highest on record. this is a really huge number and not only is it that job openings, this is all happening at a time we're having really tough challenges when it comes to hiring. no one knows it better than joe here. we're in your establishment. this is such an iconic building. >> welcome. reporter: you have another establishment you ever not been able to open. why haven't you opened it? >> we took over this place, we opened it maybe two months of construction. we just can't open. we'll rip the bandaid off and try to open even understaffed. we've been waiting eight months going into january. reporter: to hire people? >> not take everyone out of here to fill that need. i mean we need like 30 people. we would hire 30 people tomorrow, experienced people tomorrow. reporter: you've been running this for a while. when it comes to hiring, it is a
10:31 am
very active market, guys, that is not new, what are you seeing when it comes to hiring now? what is different today than past years. >> basically i'm very old school. i refuse to change my philosophy i pay people on merit. 98% of our team members are older than 35, going all the way up into their '70s. we're not seeing people from the ages of 20 to 35. they're nowhere to be found. every once in a while they peek n we have high standards here, i refuse to pay somebody, pay me this because i'm being told to pay this, and i'm worth this, because people that worked in their mind themselves what they're worth, we'll pay you great. i have no problem sleeping at night. i think we pay very fairly for what we have, and what we do here. we're high-end market but, it is very discouraging, that you can't pay people just on merit. reporter: exactly. on worth. thank you so much. they're ready it hire.
10:32 am
actually a matter of getting people in the door, stuart. you heard him say it. he would take 30 new employees. he can't get them. stuart: thank you, very much, madison. we have a big win for the new york city police department. a judge has temporarily blocked mayor de blasio's vaccine mandate for that department. let's bring in congresswoman nicole malliotakis republican from new york of all places. nicole, welcome back to the program. great to see you again. seems to me that the courts are dealing serious blows to vaccine mandates at every level. you have to be happy about that? >> absolutely. i stood with our nypd, fdny, pushing back against mandates from bill de blasio. we're seeing him continue to push more mandates that will cripple our small businesses and businesses in general. yesterday we had a roundtable with industry leaders saying his newest mandate on private businesses will even further hurt their quest to find workers.
10:33 am
and it is going to as a result, look, you don't have workers. we don't have people producing, supply chain costs will go up. goods will cost on everyone. certainly an impact on our economy. certainly another case, bill de blasio, almost out the door 24 days left. we hope the next mayor will repeal some of these overzealous mandates we're seeing coming down the pike including on children. we'll continue to fight this each and every step of the way. stuart: what do you make of new york city about to allow non-citizens the right to vote in local elections, what is your response to that? >> you know it will be another legal battle, myself, new borough president, the colleagues own the city council will sue to push back on this. voting is a right reserved for american citizens. it's a slap in the face to my parents who came as immigrants, all immigrants who came here and followed the rules. they have to wait until they become citizens to vote. that is the bottom line. we will continue to work toward
10:34 am
this to preserve the integrity of our election system. stuart: that is the way it ought to be. now, nicole i'm sure you saw this but fox's "all-american christmas" tree was set on fire about last night. the man who set the blaze was quickly taken into custody. here is what nypd commissioner determine not che said about it. >> when you have mass amounts of people put back on the streets that have traditionally been held in jail, it's a fact people don't want to talk about. when you have people that have regard for others, and expecting them to change their behavior dramatically, it is not working out. stuart: big cities in america, nicole, are out of control. last word to you? >> he is absolutely right. i governor hochul looks at the bail law and repeal it. we're seeing people on the street. what are we doing with drug dealers, instead of keeping them behind bars, the mayor is
10:35 am
opening heroin injection centers, hurt quality of life. i went to the department of justice. stopping funding of heroin centers. people dealing drugs, committing arson, like assault, back behind bars. not continuously releasing them over and over. stuart: okay, we got it. congresswoman, thank you very much for joining us as always. i'm sure we'll see you again soon. sure thing. >> thank you. stuart: something completely different, jimmy fallon, arianna grande and meghan the stallion themed up on a pandemic themed holiday song ♪ christmas in the house, we are alone -- stuart: all right. we ♪. we will tell you why they're tablefully -- gleefully sing about covid right after this.
10:36 am
♪ (vo) t-mobile for business helps small business owners prosper during their most important time of year. when you switch to t-mobile and bring your own device, we'll pay off your phone up to $1000. you can keep your phone. keep your number. and get your employees connected on the largest and fastest 5g network.
10:37 am
plus, we give you $200 in facebook ads on us! so you can reach more customers, create more opportunities, and finish this year strong. visit your local t-mobile store today. ♪♪ and finish this year strong.♪♪ ♪♪
10:38 am
10:39 am
10:40 am
♪. stuart: yeah, i like this song. it has that nice soft, gentle roll in it. lauren: michael buble. stuart: i thought it was cosby. that is blue mountain, in pennsylvania. snowing slightly. forcing amusement parks are raising prices. are they raising prices because of energy costs?
10:41 am
reporter: energy costs, the cost of the light show. this is in a yeas sy place. you would love it here, stuart, you would love heavy equipment. digger land is a place where you can operate heavy equipment. it's a ride, do it yourself. this is the world's fastest backhoe, by the way. goes 120 miles an hour. i don't think they will let you run 120 miles an hour. anyway, in the winter they do the light show. this is your brainchild. how many lights in the light show? >> we have a million lights. we stopped counting. reporter: cost of lights, cost of energy. >> energy is up 50%. lights are is up 50% because of costs. reporter: stuart, look at picture in the nighttime this is crazy. >> a lot of fun. families love it, our team members love it. reporter: lights though, getting lights is the key. we walk around the side. it is amazing how many lights are utilized here, but these, stuart, are actually commercial
10:42 am
grade lights. only make, they only make them in china now, right? >> that's correct, you can't get lights in the united states. they just don't make them. reporter: stuart, these are the ones get at home depot. no offense you to home depot, the bulb comes out, the whole thing turns off. these are commercial grade lights. they can't get them. a little dimmer this year. and a lot more costs. sir. stuart: real fast, jeff, how much are admission prices. reporter: how much have you raised the price of admission? >> $3 last year. we charge by the carload. used to be 29.95. this year we went to 32.95. reporter: no choice. >> we had no choice between the cost of lighting, cost of labor, getting product here. we would be upside down if we didn't. stuart: 10%, sounds a bit more. good stuff, yes. digger land. dry try that myself.
10:43 am
next case, jimmy fallon, ariana grande and meghan the stallion released a pandemic themed christmas song. was it supposed to be a funny? lauren: i find it funny. it's a psa for booster shots. let's watch it. ♪. lauren: really think people will stay home for christmas like many did last year? stuart: no. lauren: it is so silly. people want to see their friends and family. fallon does this almost every year. last year he did a duet with dolly parton. all i want for christmas was you. that was 2017 with paul mccartney. did you know about that? stuart: no. lauren: a wonderful christmastime. he does this every year. i think this was a funny ad, to say, people, please, protect everybody, see your family, but
10:44 am
get a booster in the process. stuart: i think people will mix and mingle like they do at thanksgiving, and forget about covid, all the rest. that is what they will do. that is my opinion. >> we're fed up. stuart: we have good news from pfizer on vaccines. three doses of their vaccine really work against omicron. but there is a study just released on the omicron variant not such good news. what have we got? lauren: it was a small study, all the studies say same thing. two doses protect but you will need a third dose. that is good news for pfizer because it's a cash cow. they're expecting $36 billion from vaccine sales. -- omicron. stuart: at start of pandemicker this 35. they got the vaccine, went up to 36 or 37. now they're 51. with all that money rolling in. i don't get it. really don't get it. i don't understand. lauren: you think they would be up more than 50. stuart: i would have thought the
10:45 am
stock would be much higher. lauren: they have a bunch of different drugs. moderna is their pipeline. pfizer is more broad. could be one of the reasons. stuart: i learn a lot these days. check the markets, please, we're on the downside all across the board. there is not a huge loss but there is red left-hand side of the screen. devin nunes quitting congress to run former president trump's new social media. i will ask lara trump about her father-in-law's new hire. crime so bad, los angeles police department telling tourists, don't visit. larry elder with the story on all the california craziness. we'll be right back. nolt.
10:46 am
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.
10:47 am
10:48 am
10:49 am
♪. stuart: yeah, the police chief in beverly hills, california, has spoken out on california's crime spike. tell me more. what did he say? lauren: he said it is like groundhog day. here he is. >> we're catching the criminals and the problem is, we're catching them over and over
10:50 am
again. they're being released quickly without bail and not staying in prison. we continue to deal with the same people again and again. lauren: the cops are doing their jobs. the politicians, lawmakers, courts are not doing theirs. confluence much problems over years. prop 47 reduced some offenses to misdemeanors. prop 57, parole consideration for non-violent felons. put them back on the streets. ab 109. county jails rather than state prison. you have covid-19. when you decriminalize crime you get more criminals. cops doing what they can. stuart: kind of obvious, is it not? thank you very much, lauren. in los angeles the police department is advising tourists, don't come. watch this. >> we're telling people don't visit because we don't think we can keep you safe right now. that is sad to say. there is rampant crime everywhere. in fact los angeles is like, the movie "purge." instead of 24 hours to commit the crime. they have 365 days to go out to commit crimes. that is how it is in los angeles
10:51 am
and san francisco. stuart: there is more. there is this. 80-year-old, jacqueline avan. the wife of clarence avan was shot inside of her beverly hills home after being followed by a robber. robbers followed a holiday house robbery. they stole jewels, watches, from a frightened bunch of guests. larry elder back with us. give us an update, please. what is the state of play in los angeles? sounds like utter chaos, rampant crime? >> well it is. crime is up in virtually every category. it is up in armed robberies. it is up in shootings. it is up in homicides. you know what is down? what is down are arrests. police are arresting fewer people because they're engageing in less proactive policing because being accused of being systematically racist. you mentioned prop 57. it is worse than you think. reduce ad whole category of crimes to non-violent crimes,
10:52 am
including but not limited to serial arson, not deemed to be a northern violent crime. solicitation of murder, northern violent crime. assault on a police officer, non-violent crime. rape of intoxicated victim, northern violent crime. felony domestic violence, northern northern violent crime. you have soft on crime governor and i tried to get recall, bragged on number of felons released. 18,000 felons released early because of covid. what could possibly go wrong. the woman killed, 80-year-old daughter, married to the co-ceo of netflix, whose other ceo gave $3 million to gavin newsom soft on crime governor. i hope the two have a conversation about whether $3 million was well-pent. stuart: i have to feel, ordinary people of los angeles, seeing
10:53 am
this, surely in revolt. don't they want something about it? >> youhave thought. i thought crime was certain level when i was running, people would rethink assumptions. when will california hit rock bottom to hit their to rethink their assumptions. there has not been a republican elect the statewide in 20 years. it is when a homeless guy sleeps on your front lawn. i want to amend that. burglar breaks into your own home and mugs you. that is happening in high-end area. hancock park where marks even waters lives, recently a woman weighting for a gate to open, she had a baby, somebody robbed her. the 80-year-old woman lived in beverly hills. elites, many whom vote democrat, griff money to democrat causes like soft on crimepropositions like 47 and 57. maybe they are rethinking their assumptions this is california, who knows. stuart: one last question, is there a recall effort for the district attorney in
10:54 am
los angeles? >> there sis. the first one failed because the signatures were not gathered in time. it is difficult to recall. you have to hire people. you have a certain period of time in which to get the signatures. there is second effort, i think more professionally run. hopefully this time it will happen. stuart: larry, thank you very much for coming back on the show. we hope to see you on a regular basis. good luck in los angeles. good luck indeed. >> you nowhere to find me. stuart: i do, actually, yes i do. more on california. the rise in crime despite that, governor gavin newsom is leaving the state. wait a minute. he is on a book tour? lauren: yeah. he has a kid's book out about dyslexia which he suffers from, the book tour, gets better, takes him to new york, another city fraught with crime. and he is selling a kids book. talking to children that have to wear masks all day long, in schools, in any extracurricular activity they do. if he does a reading for kids they both have to be in a mask,
10:55 am
he and children. stuart: i have a sense of exasperation what is going on with the big cities and politicians that run them. lauren: there has been a is canlation in the rhetoric by governor newsom in california. he said arrest and prosecute the criminals. show no empathy for them. he says that. what is he doing to change the policies they created to fix the problem? stuart: exactly. lauren: follow home crimes. you're not safe going back to your house, because burglars will follow you around mug you. in the case of the woman who got mugged in maxine waters district outside of her gated house, took the diaper bag and bottle cooler. that is just pathetic. stuart: pathetic. good word. thank you for using it. i will use -- i'm glad you came in there. the very good. a big show still to come. listen to this power hour. martha maccallum, lara trump, sandra smith and mike rowe. chicago, los angeles, new york, democrat run cities plagued by
10:56 am
chaos. democrats are running or ruining our great cities. that is my opinion but i will voice it strongly next. ♪. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... hey, graduation selfie! well done! and voya stays by our side, keeping us on track for retirement... ...giving us confidence in our future... ...and in kevin's. you ready for your first day on the job? i was born ready. go get 'em, kev. well planned. well invested. well protected. voya. be confident to and through retirement.
10:57 am
group ten metals is advancing its world class battery and platinum group metals project in montana as a major us source of commodities essential to the green revolution. stillwater west currently hosts over one billion pounds of battery-grade nickel, copper, and cobalt, plus over two million ounces of platinum, palladium, rhodium and gold. for more about the company's 2021 resource estimate and near-term expansion strategy visit grouptenmetals.com.
10:58 am
10:59 am
[sfx: radio being tuned] welcome to allstate. ♪ [band plays] ♪ a place where everyone lives life well-protected. ♪♪ and even when things go a bit wrong, we've got your back. here, things work the way you wish they would. and better protection costs a whole lot less. you're in good hands with allstate. click or call for a lower auto rate today.
11:00 am
>> people have had enough of crime and their streets enough looting and no bail being imposed in homicide in new york city is insane, people are really fed up. >> about people voting democrats for decades are rethinking the votes. >> i expected early 2022 for the cdc to change the definition of being fully vaccinated to say that you need three doses, that will be a very difficult message to get across. >> i agree with jason morgan a very good and healthy 2022 for the markets. >> the things that work for this year in our opinion is not going to work in the next six months. i do want to be overly exposed heading into this number that comes out on friday it's not worth it. >> economic outlook for economic
11:01 am
activities. that's not a result of the pandemic going away. as a result of human beings becoming determined to get their lives back ♪ ♪. stuart: 11:00 o'clock eastern time, wednesday december the eighth, let's go to the markets, we have a bit of a downside move the dow was up 100 points, the nasdaq is down 12, some red ink on the left hand side of your screen it is not that bad, big tech show me that. earlier mostly lower, it still is but we do have meta platforms known as facebook and apple both moving higher. apple is at a new high, 173. if it reaches $182 a share that company is worth $3 trillion. show me the ten year treasury yield up for the third day in a
11:02 am
row that is what is upsetting big tech the ten year treasury yield 151, big tech does not like that. every day we bring you the latest on the crime wave in our cities. it is out of control, midnight tuesday the beautiful christmas tree right outside the fox studio in new york city set on fire, the christmas tree. it was a tourist attraction, every day people brought their children to see it. it's a blackened rack, the suspect is a homeless man with three prior arrest he will be in court today and were waiting to see if he'll be released without bail, new york city out of control. chicago plagued by crime and chaos in the central district on michigan avenue instead of considering a policy change the mayor blames the stores for not hiring more security and not chaining up the expensive things in purses which the looters prefer.
11:03 am
they don't make safety a priority. perhaps the mayor should reconsider the safety of the city. los angeles, this happened last night, armed robbers followed the homeowner to be attacked in the street, the day before a man with a log record was charged with murdering and 81 euros woman, she was shot and killed in her beverly hills home, los angeles out of control. the commonality here the policies that are produce the mayhem, democrat policies and they have ruined our greatest cities. one last point the fox christmas tree will be replaced immediately, build back bigger please. the third hour of arnie starts right now. get martha maccallum and sit right with me i'm sure you're not as incensed as i am but the good news, build back bigger. are we going to do it. >> there's going to be a tree up and it'll happen in short order i was so shocked when i got to work this morning i saw the metal on the inside of it and i watch them building it which is
11:04 am
a great process to watch just last week. i cannot believe my eyes, why are they taking the tree down and then i smelled smoke and i realize there was an arson right in front of our plaza which is heartbreaking and sickening and there's a picture of the guy, the police surrounded the guy who they've taken into custody. i think you're so right, it sort of touches on so many of the things that you just brought up and rampant crime and people feeling unsafe and insecure in the city and so many other great cities. stuart: is going into areas that were previously considered safe, we are here on sixth avenue and 48th street. that's not safe if you burned down the christmas tree, the beverly hills homeowner, innovation of her home, shot and killed by a robber. michigan avenue in chicago, breaking stories right there, this is out of control in areas which used to be safe.
11:05 am
this is my opinion you may or may not agree, to to be its democrat policies driving the ruin of her cities. stuart: there is no doubt that policies are what lead to this kind of situation i was sick about the police office driving away in their squad cars in minneapolis in the middle of the night, they abandoned their poster they were told to abandon their post because it was about to be overrun by rioters and they did over run and that it was flooded by water in the filing cabinets were turned upside down, the image of the police driving away i never forgot that there's a pushback, were not traded upon the police were not about that we don't want to do that. it does not matter. putting out after it was defunding them in a couple of ways, and undermine them and demoralize them and force a lot into retirement, they did not want to do the job because it did not have the support like mayor lightfoot or mayor de blasio. it was defunded whether they say they wanted to do it or not,
11:06 am
next we mean vaccine and its many who are to had covid across the country they were on the front line. one way or another they defunded the police whether they want to call it that or not they did defend the police because they diminish the police to the point, the ones who were still there are reluctant to step in because of everything that we have seen happen. stuart: 11 months to the midterms in 2022. that is a long time. will thus still be a political reaction against the mass in the cities 11 months from now? >> that's a double-edged question, we hope things get better between now and then. we hope that we have safer cities and we hope that the mayors wake up, lori lightfoot has the guts to put these on the retailers. with these retailers have been struggling to open their stories. their windows were broken during riots. they finally get the stories back open, now they have to worry there's not any protection
11:07 am
from the city to keep their store safe at night, patrolled. it should be easy to deter this kind of thing with a strong police presence which she doesn't have that. she basically called them criminals. >> those stores have paid enormous taxes for police protection which they do not have. >> they can't afford on top of that to pay security, lori lightfoot and other mayors across the city the police feel like all the police officers who killed george floyd. that is a huge part of the problem. is snowballed. stuart: were gonna watch you on the story. >> were to go out and build the tree, were on duty. stuart: i am there. >> we will go build and decorate that tree. stuart: i want to see a 3:00 o'clock this afternoon thank you for being here. we appreciate it. let's get back to the markets,
11:08 am
we have red ink across the board, not a huge selloff by any means, it is the selloff compared to what we saw in the last couple of days, we got this from j.p. morgan, 2022 will be a year of full global recovery. in into the pandemic and a return to normal economic market conditions. i would call that a strong endorsement of the market coming up at 2022. mark tepper is here. j.p. morgan is coming out was strong and positive stuff do you see it like that? >> i do i agree with most of what marco said when you read some of his comments he thinks 2022 will bring the end of the covid pandemic which is fantastic. at least in regard of us been worried about it, the state and should scare tactics with the pandemic i do think the virus will be here for a long time. we just have to learn to live with and deal with it. don't be a de blasio, use common sense and logic and don't be
11:09 am
irrational or authoritarian. if your leader whether city government, state, the country or leader of the business, use common sense. if you use common sense we can move forward and get this economy back on the normalize track absent fiscal stimulus that got us to where we are today. i agree with a lot of what marco said. stuart: hold on we have elon musk making another headline here's what he saying, the declining birthrate is one of the biggest threats to civilization. watch this. >> i cannot exercise this enough there's not enough people and i think what are the biggest risks to civilization is a low birthrate in the rapidly declining birthrate, and yet so many people including smart people think there are to be people in the world and take the population is growing out of control, it is completely the opposite. please look at the numbers,
11:10 am
people don't have more children civilization will crumble mark my words. but what i'm not so sure civilization will crumble but has enormous economic impact. that's my problem with the declining birthrate. >> he could've talked about the world being overtaken by robots which the terminator movies which i doubt he was going down that path. the more common likely scenario, we as a country are essentially running a huge ponzi scheme were robbing money from generations to satisfy current progressive agendas. take a look at the social security system as an example back in the 1940s there were 40 workers for everyone retiree. today there is to, to workers for everyone retiree pretty soon it'll be less than one because people are living longer, that is a good thing, they are retiring earlier, that is a good
11:11 am
thing but were not having enough children so they can eventually enter the workforce and pay into the ponzi scheme that will pay off the retiree. i agree from an economic standpoint. you need to make sure in ponzi terms lay investors to pay the early investors we would invade by elon musk. thank you for joining us. let's go to lauren who has the news on states fix which is way down. >> they cut their forecast down 22%, they say user growth has stalled and it says one analyst said they ran into a growth log, this is the big loser. stuart: boeing, the ramping up the 737 fax orders we have an ear for billion-dollar order yesterday, spirit airlines says
11:12 am
next year they will have 100% more orders than they currently have. there ramping up in 2022, spirit airlines is up 6%. stuart: i see the cruise lines are moving, any good news there? >> the omicron variant not as bad as we thought. really big news i pointed to royal caribbean up 6.5% it was got eight or 9% each month of october and november very volatile cruise line but people still book cruises if they don't think covid variance are that bad. stuart: if it ain't that bad will go on a cruise. good stuff thank you very much indeed we have a big show still to come lara trump, sandra smith, micro. we showed you the ceo he laid off 900 workers who laid off is in call. >> if you're on this call you a part of the unlucky group being
11:13 am
laid off. stuart: the ceo is apologizing, is he reinstating his policy. we will ask lara trump will become back. on america's most reliable network. better? (guy) better. (kate) that's not all. the new iphone, and up to 7 entertainment subscriptions for your family. like apple music, apple arcade, and more. better? (family) betttterrrrrr. (kate) not done. the new iphone, the entertainment, and up to $1,000 when you switch. (carolers) [singing] betttttter. (kate) this year, holiday better, with verizon. because everyone deserves better.
11:14 am
♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ the living room slash yoga shanti slash regional office slash... and this is the basement slash panic room. maybe what your family needs is a vacation home slash vacation home. find yours on the vrbo app.
11:15 am
what's strong with me? i'm ready for anything. slash vacation home. find out what's strong with you with fitbit charge 5 and daily readiness.
11:16 am
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
11:17 am
to build a future of unlimited possibilities. hey, angie! you forgot your phone! hey lou! angie forget her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no extra cost. and lou! on the most reliable network, lou! smart kid, bill. oh oh so true. and now, the moon christmas special. gotta go! take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes switching fast and easy this holiday season. stuart: that's where we ought to be cape cod, 81 degrees, it is sunny and beautiful, were not there, devin nunes the ceo of
11:18 am
president trump social media company, lara trump joins me now, why does your father-in-law want devin nunes and what is a social media company actually going to do. i'm in florida i'm going to send it out there, dad we'd love to have you have the showdown here i'm feeling the nice 87 degrees myself. the reason my father-in-law wanted devin nunes to join him. if you look at congressman nunes past which he was ahead of the house intelligence committee, he's a cybersecurity expert he's been fighting for the first amendment freedom in the united states as it relates to all the censorship that we've seen by big tech, social media companies for a long time. he wrote a book, called
11:19 am
countdown to socialism. where we are right now and how detrimental it would be for america if the media, big tech social media was run by the left and that's essentially where we found ourselves. he wants to join the fight alongside my father-in-law to ensure the freedoms continued for all americans and there is a space out there that allows the free exchange of thoughts and ideas without fear censorship and that's with the new venture is all about. stuart: here's what i'm told is the game plan for the new venture. former president trump used the new social media to encourage his people to be running in 2022 to put his people in place so is in a good position to running 2024 backed up by social media company. you are smiling but i think you know that the game plan isn't it. >> all say it's a great idea to
11:20 am
have a space where you are not censored and free to talk about whatever it is that you want, this is america, certainly to help talk about candidates that you feel would be a good fit for america to help further our freedoms in this country and continue to keep us a greatest country in the world. but you don't have that, the fact that the sitting president of the united states, my father-in-law donald trump was taken off a twitter when they allowed the ayatollah, they need to have a twitter account they allowed the taliban to have a twitter account, this is outrageous and 70 conservatives have felt the censorship every school day. i posted a photo of my dogs and kids and they have to put the ash trick at the bottom to find out more about corbett 19. i didn't post anything about covid. i think people are getting very frustrated. it's about time we had a space where you don't have to live in fear and you can say what you want and say what do you think
11:21 am
and there's no repercussions. that's exactly what it's about, could help in 22 and 24 i won't disagree i can absolutely be a vital tool. stuart: you said earlier florida, i believe you move to florida, i take it you have absolutely no regrets of leading new york? >> no regrets whatsoever. you been covering over the beginning of the show watching all of the disasters that have ensued in big cities all across america, i moved hear from new york, so many new yorkers are taking that same approach over double the lawlessness and safety and security. the taxes are better than new york, a lot are better and i will welcome you down if you would like. stuart: don't remind me. you are all right, thank you very much indeed i would love to see you in florida. back to the markets, reading but not a lot of it except for the
11:22 am
nasdaq which is turned higher, up 20 points. let's get pfizer biontech, the ceo says if kids and teens need boosters for omicron get the data on teens next week, both stocks down especially bio went tech up nearly 4%, meta platforms are known as facebook just change the return to office. are the ever going back to the office, facebook? >> not for a little while more. it will fully reopen its offices on jua the 31st, that is the latest but were allowing employees the option to old delay their office return by 3 . the company says it data not dates that drive the policy and the office deferral program is designed to give workers likability. janelle gail vp of human
11:23 am
resources as a comedy recognizes some staff are not ready to come back. certain staff can request to work remotely full-time if it's possible for them to do their job away from the office. original plan was to have workers return by october but you guessed it the idea was scrapped. now with concerns over the omicron variant, companies around the world rethinking their work strategies, last week google said it has indefinitely delayed the january office return. a lot of uncertainty out there. stuart: we also have this credit suisse says demand for office space will be turned, what is it going to return. >> the swiss bank says the working trend is likely cost shadow over the office property market for several more quarters but prospects more upbeat in the long run, this is an analysis of the swift property market, it does show supply has been
11:24 am
outstripping demand but the trend is slowly changing. a study commissioned by the swiss government shows the average proportion of workers carrying out office-based activities rose from 34% to 45% between 202,019 and should reach 60% which seems low to me by the year 2060. bottom line things will slowly get better. stuart: i want to bring in another story, the better.com ceo. you remember this. i believe he's apologizing. this video leaked, him laying off 900 employees of resume. watch this. >> this is what you're going to hear on this call if you're on here, you are part of the unlucky group being laid off. your employment here is terminated effective
11:25 am
immediately. stuart: what is the ceo saying now. ashley: the way he sits back casually a lot of people call it callous, after all the backlash ceo is now apologizing saying i failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for the contributions, i own the decision to do the layoffs but in communicating it i blundered the execution he said it in doing so i am very astute. this comes after the zoom firing video went everywhere, three better.com top executives for marketing, communications and pr have resigned. other workers complaining about the ceo divisive management style who has apparently built a reputation for having high expectations and punishing employees for tiny fractions. right after the zoom call became public, remarkably the ceo admitted he was the anonymous
11:26 am
author of the post that slammed better.com employees and saying some work to an average of two hours a day while clocking eight hours plus a day saying they were stealing from customers and he said get educated now we say and i'm sorry he is a big problem in his own company. we have a new poll. wall street journal 63% of voters think the company is under the wrong track, sandra smith will take that on next. ♪ i promise - as an independent advisor -
11:27 am
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 to run a growing business, is to be on a journey. and along the ride, you'll have many questions. challenges. and a few surprises. ♪ but wherever you are on your journey. your dell technologies advisor is here for you - with the right tech solutions. so you can stop at nothing for your customers.
11:28 am
11:29 am
♪♪
11:30 am
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. ♪ ♪. stuart: there's not a great deal price movement, the dow is down 70, the nasdaq of 38, there's not a lot of price movement. this is making waves, new wall street journal poll finds 63% of voters think the country has gone off on the wrong track, sandra smith is here with me this morning. that is a huge number.
11:31 am
>> it is not shocking when you consider you have crime rampant in american cities from "coast to coast" in the midwest you know i'm from chicago. you have people smash and grab robberies happening and there is no consequences for this kind that is happening people don't like what they're seeing or feel safe. as far as the economy is concerned republicans are widely seen we look at these polls there seen as a better party to lead us through this economic recovery. 11 million job openings. stuart: if you're just joining us it was reported at 10:00 o'clock eastern there are 11 million jobs open baking in this economy right now. your point were definitely going in the wrong direction. >> is a serious conversation with a complete change in philosophy when working. were a country that works we
11:32 am
pride ourselves on going to work each and every day providing for families, that is american to quit their jobs, four-point to million red-hot job market if you're looking for one buffer company to need to hire big corporations and small businesses this is a challenging environment is a primary concern for voters going back to original pool. their primary concern is inflation guess what happened give 11 million job openings, you have to pay up in the new year they plan to do that, i'm not saying it's a bad thing but it's an evil cycle it's because of inflation you're gonna have to raise wages and pay people more in the new year because of it, guess what happened those companies will pass along the higher wages and schaller reese to the customers. the evil cycle you will get more
11:33 am
inflation is that does not look good that the tangible problem. stuart: good point about the 11 million jobs, that is a see change, real different. one more, president biden says, he just said this he is confident russia's vladimir putin got the message not to invade ukraine or face the consequences if they do. >> the united states is going to use force and invading ukraine there will be severe consequences i am confident we got the message through. >> american boots on the ground and fresh invade ukraine, not on the cards right now, is that incredible statement. >> i heard jake sullivan say we don't have leverage when it comes to the nord stream 2 pipeline, he said it's not currently flowing. stuart: he is completely wrong
11:34 am
if you want to stop nord stream 2 pipeline delivering that gas to europe, you've got to get the agreement of the germans, it goes through germany. they are going to cut off supply of net gas in europe for the winter. >> i talked to senator marsha blackburn yesterday afternoon i picked her brain and others, what is congress doing so i cannot set back and let another catastrophe happened like afghanistan. there are those warning this could be afghanistan 2.0 with the president plans to handle this. if were seen mixed messaging what can congress do today to get together and be proactive because we saw in the wake of the botched afghanistan bipartisan calls for investigation and how that went so wrong what can both sides in the house and the senate, what can they do today to look into how the president is going to handle this so we don't get it
11:35 am
so wrong. stuart: she is actively trying to get together with her colleagues. when i walked into the studio this morning, 4:00 o'clock just before 4:00 o'clock in the morning what you're looking at the blackened remains of the christmas tree, literally that is the structure. the good news is we will rebuild it immediately and hopefully get it back again is a tourist attraction by 2:00 o'clock tomorrow afternoon. >> it's an extraordinary, mayor de blasio in a press conference he never mentioned it. >> you hope there severe consequences who carried out the horrible act, my messages rebuild, or ceo at fox susie and scott put out a statement and promised to rebuild, that's what were going to do and birgit have
11:36 am
a peaceful celebratory you gotta turn the negative around lawrence jones was part of the tree lighting on sunday night will join me on the show later this afternoon. stuart: you will be on fox news between one and three that is "america reports", lawrence jones will be on. stuart: thank you very much. a new study reveals the city with the worst traffic in the world, will tell you what it is, it is not new york. then there's this, only 12% of the world semi-conductor chips are made in america, texas wants to change that, lydia hu has a report in austin, texas, that is
11:37 am
next.
11:38 am
it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ (vo) t-mobile for business helps small business owners prosper during their most important time of year. when you switch to t-mobile and bring your own device, we'll pay off your phone up to $1000. you can keep your phone. keep your number. and get your employees connected on the largest and fastest 5g network. plus, we give you $200 in facebook ads on us! so you can reach more customers, create more opportunities, and finish this year strong. visit your local t-mobile store today.
11:39 am
11:40 am
purepoint is primed for uranium's explosive revival, with the most advanced, high grade exploration portfolio. in the world's richest uranium region and a supportive partnership with two of the worlds largest uranium suppliers. purepoint uranium. i will
11:41 am
♪ ♪. stuart: london boy that's why we are playing it, you're looking at london, we're showing you this because we have a new study which shows london is the most congested city in the world. there is an analytics company called in rex and it claims london drivers but did average of 148 hours a year in traffic. they blame bicycle lanes for the rise in congestion. and there's this apples air tag device used to find lost items is being used by criminals by steel cars, how are we doing this police in ontario canada
11:42 am
noah commits crimes, thieves are placing the small apple air tags and parked in public areas like malls and parking lots. once the cars are being unsuspected driven home, the thieves checked the vehicles to the victim's residence criminals are able to hack the vehicle's ignition with electronic device used by mechanics to reprogram the factory settings before driving up from the victim's driveway. it is happened five times in the last three months in ontario urging motorists to park in a garage if they can or at least install locks on the steering wheel and data port. isn't technology great. >> yes if you get it to work, that is always my problem.
11:43 am
texas is stepping up to try to solve the chip crunch, texas wants to become the home of semi conductor manufacturing america. lydia hu is in austin, texas, how much does it cost to make a chip in america? >> there is a range but it's safe to say it cost more in the states than it does overseas. that's what we've seen manufacturing offshore with 12% of the semi conductors made in the united states. here's an example let's take chips for autos, they are made on wafers, a couple hundred o'clock thousand packs on a single wafer. the price for a wafer that has these ships can raise from a couple of thousand dollars into the tens of thousands of dollars. that's why infinium technology in austin every precaution is taken on the manufacturing floor to protect these chips. we have an exclusive look of manufacturing that they say is more sterile than an operating
11:44 am
room, everyone who enters here must be covered from head to show, robotic manufacturing mean humans don't touch the wafers they say just a single eyelash calling onto the wafer is a catastrophic event that can ruin the chips, only 12% of the semiconductor manufacturing happened in the u.s. but a bipartisan effort to increase domestic manufacturing capacity through investment of proposed $52 billion, that measure passed the senate but installed in the house. underscores the importance of the fabrication plans like this one that we have in the state, particular fabrication making chips for the cars we drive the earphones even the medical devices like ventilators that we need in our hospitals. stuart: lydia hu in austin, texas, show me the dow 30 and get a sense of the market. it's an even split between winners and losers, green stocks up, read stocks down, the dow
11:45 am
industrial 135,600. let's change the subject. i'm sure you've all been watching micro tackle dirty jobs for years. did you know that man is also an opera singer. micro is on the show next and were gonna play his new hit. the christmas song, listen to this ♪ ♪
11:46 am
you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire what's strong with me? matci know when i'm readytion. for a rest day.
11:47 am
so i can be ready for anything... tomorrow. find out what's strong with you with fitbit sense and daily readiness. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free,
11:48 am
now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217
11:49 am
♪ ♪. stuart: he does all night long. stuart: i got the name right, it gets confusing but that crazy song we wrote it all the money goes to my foundation in his
11:50 am
foundation, we came on toxic about weeks ago and it was a number one downloaded song of the world sometimes is it early christmas present. stuart: you have the best voice is deep and rich. i needed a loophole because they couldn't get in the traditional way, i sang and got in. i was 22. i got into the other trade unions in the industry and next thing you know i'm sitting here with you. stuart: your definitely not a soprano. i want to talk to about america's changing relationship to work. as you know we got this report this morning, 11 million unfilled jobs. i've seen your show, i'm doing
11:51 am
how america works on fox business. we have a front row seat is not just a transactional problem that affects employer's employees. , it's a matter of national security, 11 open positions says something fundamental about her country and relationship. stuart: what does it say about a relationship to work. >> of all of the things we are not in charge of one of the things we can control is the definition of a good job. that is up to us and when we elevate certain jobs that we can't but help but denigrate others. when we deem some location essential we can't help but deem others nonessential. when we talk about some forms of education as higher than we suggest everything else is lower or subordinate. the language has a huge role in our relationship with work and the language is under assault in
11:52 am
my view just to tap the country on the shoulder and say what about him, what about her, remember who's doing the work let's confront the stigmas and stereotypes in the misperceptions to keep people from pursuing the positions that are going open. stuart: your show how america works, highlights people who work hard in jobs which are not considered up there so to speak, up the food chain. >> industries that are fundamentally under attack, oil, fossil fuels, lumber, salt, steel. these are hugely important to us, every single one of those industries right now never ever before has a recruiting crisis been so keen. were contacted every week by association i did not even know existed. the association of hardwood flooring and carpet needs to
11:53 am
hire 180,000 people in the next five years. they don't know how to do it, they're offering $25 to learn a trade. they can't attract people to do it. it's not the amount of money that is going to be paid it's a respectability and the status of the job in question in the industry in question, that is what you're trying to change. stuart: you just did it, they came out and said we have 11 million open positions, what does that say and what does that mean. my buddies on the left will tell me what that means is that employers are not paying enough money therefore the skills gap is not met, my buddies on the right say the species is fundamentally lazy and getting lazier. somewhere in the middle we ought to be able to meet and that is why the stigma and the stereotype need to be disabused. i went on "fox & friends" this
11:54 am
morning with a welder named chloe hudson who is my foundation help modestly a few years ago. she is making six figures a year welding for the aerospace, we have 1400 examples of people we have helped that it literally learned the skill and demand and went on to prosper. part of what we have to do to turn the ship around his tell their stories. if we don't do that we are shaking her finger and preaching and clutching her pearls. we have to do a more persuasive job at making a case for the opportunities that exist. if we don't were gonna have a workforce that is wildly out of balance for itself. stuart: that is absolutely fascinating. i try to say something between fascinating or compelling. you never know what you're going to get paid sometimes you can get a song. with a great voice like that you had something to say that spectacular one last play.
11:55 am
the return dirty jobs. it comes back you have a whole new series january. >> tigre second with the essential work back in the headlines shows like dirty job and how america works, they matter they get people thinking about what's important, there we are building at tugboat and construction, it is terrific, watch it, you will love it, i'm really proud of the show. hats off to you i think you're a great guy and a good voice. i ask you to sit there for a second, it is now time for the wednesday trivia question. don't tell us what do you think now, tell us after the break. the question is who is the highest-paid actor of 2021. mike is going to take a guess when we come back the real answer and we will be back. ♪
11:56 am
(other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different.
11:57 am
11:58 am
11:59 am
stuart: all right. we just ask you who is the highest paid actor in 2021. mike rowe take a guess please? >> if it was limited to acting, acting, probably say craig the residuals amazing. all these guys have business. walberg has a business, right. duane johnson has the tequila. stuart: i do duane johnson. the highest paid guy? daniel craig. >> what do you know. stuart: raked in 120 million
12:00 pm
bucks, thanks to netflix picking up coming knives out 2 and knives out 3. >> what are you going to do. stuart: we're in the wrong business. earlier i said mike rowe has a fantastic voice. he has agreed to sing his way out of this show, bearing in mind the gutted christmas tree. camera two is off. my message to the perpetrator goes like this. ♪ you're a mean one, mr. grinch. you are really a heel. you're cuddly as a cactus, charming as. mr. grinch you're a bad banana with agrees sy black peel. without any further adieu, ladies and gentlemen, the one and only neil cavuto. neil: he has a great voice. stuart: fantastic voice. neil: can he stay the next two hours? mike,

188 Views

info Stream Only

Uploaded by TV Archive on