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neil: it is an upbeat song but doesn't match the markets, it is all over but it is a great song, we have very young producer who seized on it. i don't think he was born with it but that is fine. when you work with the staff that could be your grandchildren you take with you can get. we are down 580 points at the corner of wall and broad and higher energy prices aren't happening but it is not a reason to celebrate that it is finally friday unless you are sick of it and wanted to be friday so you can and this merciless equity week. kelly o'grady following the headlines in la.

>> if against most of the week in the stock market all the indices are down and the big driver is the jobs report that came in stronger than expected on number of jobs added, unemployment rate and not such good news for the market, you see the dow, s&p, nasdaq all down and really looking at a technology lead selloff as investors look at growth stocks, getting into something safer as economic fears creep back in and the concern is what the jobs report means for pending fed rate hikes, the fed has two meetings this year and the hope that the jobs market would spur policymakers to reverse course, now it is looking more likely they are out of the question, if you saw a new fed president saying rates need to reach 4.5% ultimately. all that spurring the 2 and 10 year treasury yield, keep an eye on those as we head into the cpi report.

the 2 years higher than the tenant you get that inverted yield situation and another piece driving the market down his rising oil prices, opec plus, 2 million barrels a day, more gas price hikes, higher inflation, that would increase those fed rate decisions. can't forget supply-chain still some issues there. chips taking a hit the advanced micro devices lowered their revenue guidance due to significant inventory corrections down 10%. i know i am do in the gloom that a more positive note since it is friday we are dealing with a lot of losses this week but we are up on it would take a lot to wipe out those gains completely. >> we will see what happens.

one thing that is revealing and people have not talked much about is the quiet quitting thing is still going on, not as pronounced as it was but still alive and well. >> it is always existed when you think of it come a with so many people working from home right now of course they say they are more disengaged because they have no one to talk to. to the jobs report, i thought about you early this morning when it crossed because you try to interpret it. is this the goldilocks jobs report? i won't go that far but i will say the fed can take comfort in the idea that they are on the right track in cooling down the economy. earnings down, wages rose, 5% annually but that was the slowest growth this year and unemployment fell too, positives if you're the federal reserve, then the wall street journal dropped the line, the wall street journal is saying the fed is on track for another interest rate hike next month,

the markets are down 2%, interest rate sensitive sectors seem to be slowing, hiring at meta and kpmg finds more than half of ceos say they are considering workforce reductions in the next 6 months and that is why especially remote workers are nervous, they fear they might be first to go, many have admitted to being quiet quitters, those disengaged people, gallup has the number on them, half of the workforce, that is a headache for managers, spoke to one executive who pinned the blame on the managers, she said it is your job to make your workers feel engaged. >> the remote option is something most people don't feel 100%. i think the hybrid option is here to stay. culture is built between people. however, there is an important time you need to spend face-to-face. >> and to choreograph that.

some people physically commute into the office and then are on zoom calls all day long, what is the point? so company needs to come out with a strategy and say we want you here to do this while you are here and do that when you are home, simple as that. can you get why you're here, how you are going to work. >> not a boss's job to make us happy. >> nobody wants to go to work anymore. neil: kids today. >> i come every day. it is easier than staying home. at home i've got the kids. neil: your great reward is varney. thank you very much. e-mails coming as we speak. mitch rishel back with us, susan lee, always giving us expertise. in person i might add.

this notion that bosses are obligated to look after our interest and to realize what we have been through after covid. i get that, but the bosses were going through covid too. this expectation that it is more than a paycheck, i get that but it seems we are in an upside down world, no one owes you anything. >> it is bizarro world but what -- what led to all of it was the protracted period of time when the rules weren't clear, we were going back to the office. i remember the first time i heard people were going back to the office in september my response was of what year? because all of that created new work habits on the one hand and on the other hand we had a very tight labor market so bosses for over a year were petrified if we lay down too many restrictions on these people they will leave. forget quiet quitting, they

will real quick so so much of that is baked into the new culture. i agree with what lauren said we need to define what requirements are. in the office and out of the office and stick to it. some companies you have senior management who still aren't in, still remote. i don't mean top management but the next level down, bought a house in nevada because it was tax-free and haven't come back, makes it hard when the boss isn't there to convince the younger folks to show up. neil: you are the reason we have this bellyaching. susan: my mom used to tell me they paid a salary for a reason. it is meant to be a job and you are meant to work. however, if you make people come in 5 days a week aren't you excluding the best talent available for the company and

the position? the world has changed, you know what that was like. neil: it was changed because of covid. covid is done. susan: the next generation is considering mental health, this is important to a well-rounded life. the younger generation doesn't think if we spend 8 hours in the office, great but we want to be rewarded and taking care of our needs and there's a bifurcation. neil: why are you looking at that? >> you make it sound like we are expected to come into work and that is it. what about the well-being of employees to last longer? neil: one thing, you are paid, i found out what other anchors are paid as i got to write that down. it annoyed me. which is fine. i'm wondering where this goes

because you could make the argument that companies are very productive and did very well through covid and now the fear with the pressure in cities like this one where corporate real estate is still wanting, we kind of have to get back to where we were. >> it will be a company by company thing. to build on what susan said, so much of the work through paradigm was generational so you and i are of the baby boomer generation. our parents are survivors. you keep convincing yourself of that but the fact of the matter is we had gen x that had a certain way of life, than we had the millennials and so much of corporate america pivoted to the wants and needs of the millennials, who is entering the workforce now? jen z which is complete be different in the things that

are important to them are different. the thing to remember about jen's the, the only generation that technology is native to. every other generation, technology evolved but jen the's first -- that is what my kids generation and yours as well was a smart phone so they were used to having connectivity unlike any previous generation. it is logical for them. my kids were in college when they were kicked off campus because of covid. next monday they were back in class virtually so to them virtual is possible, virtual is a reality, remote is a possibility and their environment is flex ability. it is hard for older generations who are running companies to figure out how they pivot the workforce to meet the needs of the younger generation. neil: he doesn't want to take you off but you sound spoiled. susan: i'm very productive.

we are very productive these days but productivity, you saw with the tech workers in silicon valley, you are able to program, to code, we don't have to be at the desk 24/7 and quiet quitting is not a new concept, they used to call it slacking in the 90s, what did they call it in your time? neil: getting fired. very well said that i had a very young producer many years ago, wrap it up, pops. want to leave you with this. get off my lawn. a little more after this. you love closing a deal.

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neil: we were talking about people quietly quitting, nothing to do with covid or being cozy and staying at home, it has to do in new york and chicago where the crime is rampant. we will talk to gianna caldwell. to charlie gasparino, the restaurant industry itself is seeing the impact of that. charles: the best way to discuss this is to talk to someone who has been doing it for many years.

we have the owner of the famed hunted fish called midtown manhattan, this isn't your first rodeo. how big is it? let's talk about that. >> it is improved from when we first opened, it was closed for 15 months, we opened the third week of june 2021. that was challenging. >> challenging to say the least. let's be real clear here. your situated here, 44th between times square and sixth avenue. it was a homeless shelter that housed violent people, felons, drug addict. tell us what it was like the first day you came, you had to check what your property looked like, what did it look like? >> friends of mine with the nypd advised us don't come alone, come in groups of 2 or more and don't stay after dark because the street was dangerous.

it was like the night of the living dead. charles: you probably needed one of these? >> wouldn't have hurt. the streets were empty but for the shelter. it was scary. charles: they were violent? >> that is what we were told. i read in the newspaper there were three flashings in the facility and the city is being sued over it. i couldn't get any traction, there was nobody to talk to. essentially that is why we couldn't reopen. it was dangerous on the street. charles: and on top of that not only were the customers you couldn't get here to come but a lot of them moved to florida. >> i expect all the regulars to shop, instead of seeing them i got texts and emails wishing us good luck because they were now living in florida. charles: has business come back? >> it has come back from where

it was, the shelter closed a week after reopen but which is how windows closing. charles: you can't find people. >> definitions, we no longer do sundays and no longer do lunches. charles: you made a comeback. >> it is spectacular, customers are terrific. charles: are the celebrities coming back? >> they never left. all the time. charles: charlie gasparino? >> not as often as i would like. charles: one celebrity, telling when he is here so i don't show up, anthony scaramucci? >> you would love him. >> i want to know when he comes because i don't want to be here. >> i'm not listening, i know you are not telling me the truth.

i want to know when neil cavuto is here because i'm a huge fan. charles: question, when are you coming? neil: not soon enough. that was excellent. i had no idea they came back from lunch. it was a pretty real issue you've got to do stuff like that. i want to thank you, that was terrific. this is a startling developed for a gianna caldwell, the crime issue some dismissed even in the city saying this doesn't prove how bad it is an the numbers speak for themselves, we will get into that in a second but a huge reaction to what gianna encountered in the nation's capital to get to the bottom of it and try to get some answers from both sides, stay with us. >> is mayor lori lightfoot doing a good job? >> i think she's doing a good job. >> any reaction to the crime

crisis in america? the rise in crime in america? you supported the defend the police movement and it led to rising crime, do you have any reaction? any reaction? no reaction? neil: it was riveting and he didn't once raise his voice. it is prove he's not italian but he got no answers, no interest from people, quite the contrary, what they are saying isn't jiving with the numbers. that was eye-opening, wasn't it? >> you know how to make me laugh. my name is geon no. neil: they were so dismissive of you. >> that was not necessarily shocking, it was disgusting more than anything, you think about jerry nadler, this is a guy, this is your committee, you should know about crime, you should have a response to it, chuck schumer waved me off. this is really -- neil: they waved off the

numbers, they were all but saying these numbers are overstated fixation of fox news, the numbers are the numbers. >> the washington post piece was a hit piece, not once did they mention my brother being murdered in chicago. the polling says 77% of americans are concerned about crime. hispanics, that the number 2 issue so how dare you say there isn't a crisis, there's absolutely a crisis. we 20 more people are shot in chicago and weakened than the entire middle east. >> last year we saw 300 children 16 and younger shot in chicago. shot and or murdered. what country is this? this shouldn't be happening in american cities but this is what is happening and them saying defend the police, the police are bad as exacerbated this issue. crime was already a problem in chicago per, things have gotten worse.

look at new york, things are far worse than they have ever been, murders of 4% car rape 4%, 5% robberies %, rape 4%, 5% robberies, assault, 11%, crime theft, 15%. i'm going to tell you, you are a baby boomer, you remember when things were really good and it wasn't issue with crime is much, people called the police entrusted the police, those days are long over, we need to restore the respect we once had for police and for the neighbors and community and that needs to happen and these folks saying defund the police are supporting those who said -- >> the washington dc mayor said it went too far but what bothered me most about the piece is everyone knows you now, everyone knows your tragic story, losing your little brother needlessly. they were still dismissive with you, that ticked me off.

>> i was disappointed with of that. when i was on the hill people were saying i'm sorry about your brother, they do know but they don't care and that is the issue. that's why we need a leadership change in washington dc. what do we do for crime on day one of those things need to be explained, this wasn't a partisan issue, this is about the left and the right but humanity and the fact we need to preserve life in this country and the fact they say we are going to defund the police and a lot of cases they did, we see the ramifications of that policy action, saying i think this is policy, defunding the police is legitimate policy of violence because we've seen loss of life as a result of what they have said, wasn't just a slogan, it was a policy that took place and now people are paying the price for it. neil: your eyes don't lie. it is like those who dismiss

what is happening at the border, if you don't say it is not happening but it is. >> they can't gaslight us on enough. >> and now it is easy to get video and play the most incredible video of getting beaten up or worse or someone thrown in the tracks and to say these are anomalies, we have more exposure to the stuff but they are not anomalies. >> it was a hit piece. i'm disgusted by the washington post, how dare you make a mockery of my brother's murder, you didn't mention it. i'm not out here doing this for my health, because fox told me to do it. i talked to susan scott, this is what i want to do, i want to use this platform the best i can to bring justice for families. i am for justice so -- >> don't get any of that in washington. >> i hope the republicans are serious about their commitment to america. i hope and pray because these are elected officials and need

to be held to account because i am a conservative doesn't mean i'm just going to say i know they are going to do what they say. i want to see the results like any voter in this country. i need to see the results and i'm hopeful and praying i will see results and i will work with congress on that. i will go on hill and testify, i will talk about my brother and what is going on in this country and how it needs to come to a end but it needs to come to a end from a policy standpoint first and foremost and we need to get this country back on track because this is not the country -- i don't want -- i would not want them being raised in what we are seeing now. neil: the nadler thing that stood out to me, had you -- so they wouldn't open, you just looked so lost. >> he really did. and you didn't have cameras for that, just a smart phone. >> we just literally got on the whole, our sound guy never arrived so my producer who is a rockstar pulls out his camera phone and we are going in, i didn't even know he filmed it

until i looked around and he said i got it on video and i'm like wow but i legitimate the just wanted to talk to him about it and see if democrats have a solution, not all policies from democrats are bad but these defund the police policies, maybe they have some solutions we don't know about, that was an opportunity for him to talk to me about but he refused to. saying it is not an issue. >> you can very unemotional and detached and said what are you doing, that was hard to do given what you have been through. >> the god that i serve as a god of justice and i know i don't need to yell or scream, just need to fight the good fight of faith and things will come together so that -- neil: it will and you are paying it forward and then some so just incredible stuff. incredible stuff. stay with us, more after this. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience.

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neil: a lot of attention being paid to opec coming out of nowhere. we expect them to hold tight on supply, we were not expecting them to cut by 2 million barrels a day. that's what they are saying on paper, you don't have to read it on paper to be furious about the insinuation, something that helps vladimir putin doesn't do much to help us. >> reporter: we heard from biden energy advisors that met with the saudis two weeks ago and said they did not expect this kind of cut so the rest of the cabinet is trying to figure out what to do and there's no putting a happy face on these opec threats. listen here. >> what opec did the other day is not helpful but it proves we have to be less dependent on foreign energy. >> reporter: even some democrats are wondering aloud what good is it doing the us to coordinate so closely with the

saudis? congresswoman alyssa slotkin of michigan tweets opec's announcement is an acceptable and reflect a new low in our relations with the golf. automatic options should be on the table including the withholding of american military hardware and security assistance, saudi arabia in particular is so dependent on, but it is complicated and traveling in south america the secretary of state is explaining why. >> when it comes to opec we've made clear our views to opec members. we have a multiplicity of interests with regard to saudi arabia and i think the president laid those out during his trip and they include everything from regional relationships, improving relations between our countries and israel, yemen. >> reporter: as inflation has remained at least flat a big reason it hasn't gone up his

energy prices have been coming down so if energy prices are going to go back up inflation may be the problem ahead of the midterms. president biden is set to deliver remarks on the economy anytime in hagerstown, maryland. neil: we are monitoring. peter doocy at the white house, just to put in perspective we are up on energy prices, 60% on oil prices, this week alone, $92 a barrel right now. this is the fifteenth straight day, those prices have advanced after 99 days in a row, the administration reminded us they were declining so we will follow that as will the director of the competitive enterprise institute center for energy and environment. in this backdrop, in this environment it looks like prices have nowhere to go but up, the only thing that could stop it would be a global recession. we might get that.

>> the answer to high gas prices is recession unless you are willing to do things to increase production which the biden administration has been trying to do the opposite since they took office in january 2021 and now we are seeing what week position the united states is in versus opec. if you want to restrict oil and gas production this is what you are going to get. neil: they say there are plenty of leases and permits, fully accord of them being challenged in court by environmental groups, that is neither here nor there, the fact of the matter is why not take a page from the germans and italys entrance that are going back to or may not fill in the gap with nuclear power, with call, natural gas, anything they can get their hands on to get us through this. we are not doing that part of it.

>> europe, including britain, are good example. we should be watching what they are doing because they are suffering from the consequences of these green energy and anti-coal, oil, and gas policies. they have been closing natural gas plants, coal plants, nuclear plants, they have been -- the idea is wind and solar will pick up but wind and solar don't provide much energy so the result is they become more and more dependent on russian gas and also oil so now that russia is playing games and cutting gas one day and putting it back on the next europe is facing a very dark, very cold winter for many people and people are going out in the forest, cutting wood, people are buying sacks of coal to burn during the winter because natural gas heating or electric heating. neil: we have to watch it

closely, thank you very much. those energy prices are climbing, not surprisingly, stock prices are falling and that is very much in play today with the dow down 567 points, when we come back, people trying to find new ways to make money and some changing the whole game of being a server at a restaurant, things you can do to get better tips, some of them might surprise you, some of them might not, after this. ♪ ♪ faust (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love.

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grady trumbull following development at netflix. think of what i just said. >> what is old is new again. i saw the original knives out movie think giving of 2019 and now even though netflix, the world's largest streamers producing the new sql you will see that in theaters as well. the title of that movie is glass onion, a knives out mystery, you can catch it at amc, cinemark and regal theaters on thanks giving for one week only. a month later you can stream it on netflix. this release will be the first time a netflix phil has debuted at all 3 major movie chains, the streamer has been hesitant to go the theater roof in the past so this marks a shift as netflix faces pressure from wall street to make more money. the company is planning an ad supported script and that will cost less.

this is a win for the movie theater chains at a time they need a win and desperate, box office revenue down 34% compared to before the pandemic and the soda and candy you order at the movie theater could be delivered by an electric some of truck. tesla ceo elana musk announced pepsico was the first recipient of the company's electric semi on december 1st tweeting the tractor-trailer will go 500 miles on a single charge. he says it will be super fun to drive. tesla set out to start production of that vehicle in 2019 but has had to push the date back several times. the price tag in case you're wondering, $180,000 but that is before federal tax credit of $40,000. i know that is a big number, i thought it was low considering that you can buy an electric hammer for $108,000. if you're going to get a big

vehicle like a hummer might as well go all the way and get yourself a tesla semitruck. amy: the this is why i worry about your generation. thank you for that and this other development, it is a good time for restaurants who deserve it after what they put up with covid, you have to wear masks, don't wear masks, they are doing fine. waiters, waitresses, the problem is they are not making much money, still tough as a result. they are finding all sorts of creative ways to do it. interesting piece in the new york post that said some are changing their look, trying to sexualize themselves, pigtails for women are big draw. trying to get to the bottom of that, we needed some expertise from the perspective of people

who like me were a waiter in private life or knew something about that. it is not true that i ate the food on their plates, sometimes. the cohost is a big star, but there was a time she was an aspiring star as a waitress in a variety of capacities for many years. >> i was a waitress in college and after college when interning in various places because i needed to pay my bills, i worked at ruby tuesday in sherman oaks, california, worked at the california pizza kitchen. neil: that made the difference. >> we talked about this, the most tips i got was when i cried my entire shift because a man had broken up with me right beforehand. everybody felt bad for me and gave me a lot of tips. neil: that is a good idea, just cry.

>> try weeping. neil: were you a good waitress? >> no. i was a horrible waitress. i had add, i would forget things. i would write anything down but my brain would be somewhere else and that is the most important thing. i would be sweet, charming, but bring the wrong dressing or forget there catch up. that would make them upset but it does mean when i go out to eat, the worst tip i get is 20%, that is if i have horrible service, if they are mean to me i get 20%. neil: my wife and i joke about that, because the experience, i tended to be the same way. what is interesting here from your experience related to today everyone is finding a new angle. if i could dial myself up as a woman, things that have nothing to do with how you are serving them, that is the most important thing. when i was a waiter my idea was

cleared the table and get them moving because the idea was you want new people in and the tips keep coming. >> i couldn't carry a lot of dishes at once. that is where i failed. in some situations it might work to sexify your self but also depending on what tables you get, a woman and her husband, newsflash, sometimes the woman is the one paying the check these days. that might be like what are you doing? neil: even if you are gorgeous and this is what i had to do, if you are not serving well are doing your job well, that is not going to help. >> at california pizza kitchen we had secret shoppers come in. if i had gotten one of those i would have lost my job but i luckily never did. of the 20 did anyone ever say to you you were horrible? >> absolutely.

i wasn't good. i can admit that. i tried my best but that doesn't matter. they don't go out to eat to have you try to give them a good time so i get where they were coming from. amy: see very understanding. >> i was understanding, 22 years old you don't have many options. neil: it is deep inside. >> it made me a better person. when i have horrible service maybe that person is having a bad day because it is emotionally exhausting to wait tables all day long. neil: worst i ever did was spill a soup on a woman's pink mink coat, the husband went nuts. everybody had to chew me out. you can't dry cleaned them. neil: i spilled a bottle of red wine on someone. her husband was a jerk. neil: i think they broke up.

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neil: you heard about the number of new jobs, maintaining a pace where it is slowing down, 3% unemployment rate is watching, all sorts of reasons people are opting out of the workforce but that number is what it is. the chief white house budget economist under donald trump and his read on this. we have good job news not as good as it was but the administration, the president speaking a little while ago talking about that, that is the good news. how do you see it? >> 263,000 jobs added, that's a good indicator, 3.5% unemployment rate but got to go

underneath and see what is going on, slowing number of jobs being created the last couple months, labor force participation rate is below where it was in february 2020. inflation adjusted hourly earnings have been falling every month since april of 2,020 one after the american rescue plan act. this is another example how the biden demonstration and democrats policies are failing us time and again. neil: looking at just the job gains here, i am surprised with all the fed tightening companies are still hiring. there's a delay affect, there are distinctions between what is going on now and stagflation environment under jimmy carter, he didn't have that going for it. >> the fed policies, the tightening starts to go through the labor market and other

parts of the economy, we are seeing more of that now. small businesses lay off more workers the last couple months, increased last month according to avp, that's one of the first choose to drop. we have inflated the economy artificially through increased spending, more money being pumped and by the federal reserve and that leads to a longer, slower, deeper recession because of how much we've been inflated over the time. neil: is the fed over doing it? they won't realize that until way have overdone it and it grinds to a halt. >> they need to be more aggressive in their tightening. the balance sheet hasn't come down much at all and that's one of the indicators i like to look at from the fed's open market over operations and monetary policy. if you look at the federal funds rate, that is up quite a

bit but a lot of room to go on the balance sheet before we see inflation come down. we are running north of 8%, january of 1982 a lot of things need to be done to control inflation. the fed controls inflation and the problem we are in today. neil: never quite gets it right. we will watch it closely, great seeing you again. we are down 579 points. a lot of things rocketing. after this. ...

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neil: all right, the sell-off ensues taking a look at the dow 30 only two components are up, chevron, not surprisingly because of the energy situation, they're racing ahead and merck, well because of like this you probably need drugs in a market like this , to charles payne. hey, charles. charles: neil, i won't touch that one although i know what you're talking about for sure, [laughter] thank you so much. neil: all righty. charles: good afternoon, i'm charles payne this is "making money" and stocks are really tumbling and this as the jobs report really dashed hopes the fed be easing up on their seek and destroy mission but ed yardeni is here and he says they have gone too far and the white house is touting those job numbers but i'm calling them out because in this case the devil is the details folks. by the way i want to know what you think tell me, please, tweet me