ashley: they're calling it a recession and we're on the way out. it's not as bad as we think.

ashley: they can see the statue of new york in the haze. glory dais says bruce springsteen. good morning, everyone. it's 11:00 a.m. on the east coast on this thursday, novembe. i'm ashley webster in for stuart varney. not exactly glory days for the market and we're coming back and dow was up more than 300 points earlier in the session and down now 86, a quarter of a percent from nasdaq and s&p also down about half a percent and we're coming back just a little bit. we're coming down with tech names and apple still down more than $4 at $140 and that's down nearly 3%. amazon, alphabet, amazon and meta all moving lower. the ten year treasury yield up to 4.2% at one point. we're at 4.12% so we're coming back just a little bit on the ten year yield.

president biden attacked republicans accusing them of threatening democracy. roll the tape. >> there's a lot of stake in the midterm elections. from our economy to safety of our streets to personal freedoms and future of healthcare and social security, medicare, it's all important. there's something else at stake, democracy itself. american democracy is under attack because the defeated former president of the united states refused to accept the results of the 2020 election. ashley: david, what do you think of the president's speech last night saying the republicans are a threat to democracy? >> the president decided, ashley, to have an argument with voters, not a conversation. we wants to argue with them about what this election is about. and leading an organization like gopac that thanksgiving will pun

across the country to elect a president. you should get into an argument with voters which is exactly what president biden is doing. it's interesting, ashley, where he chose to give that speech in washington dc. it follow where is his travels are. he's been to new mexico, he's been to california of all places and traditionally solid democrats. he's not in new hampshire helping maggie hassen. he wasn't in arizona helping mark kelly. no, the president is now having an argument with voters and doing it in states that they shouldn't have to be campaigning in at this point in the election. ashley: kevin mccarthy sharing midterm outlook with fox news digital and says "republicans have a plan that will put america in a new direction. one that will make the economy strong to tackle inflation and make it energy independent so you can fill up your gas tank and still have money left over.

you know where your hard earned tax dollars are being spent and we'll eliminate the waste. mccarthy sounds pretty confident to me and republican cans retake the house. do you share that optimism? >> absolutely. kevin is ultimately saying we are going to govern in the house as we were elected. that's to focus obstructing cerumen those issues that -- on those issues that will help bring down inflation and make life more affordable for americans. everything from getting government spending under control to looking at where can we put more dollars in taxpayer's pockets. and equally important, what can we do at the federal level, mccarthy talking about making it safe for americans to go out and spend that money that they are earning and to enjoy life, which crime is up there right now with the cost of living for most americans.

ashley: right. i want to talk about the senate. argue pennsylvania, nevada, georgia, these could be the hinge on the future of makeup of this senate. what's your take? >> keep an eye on the town of bedford in new hampshire, ashley. it is a traditionally republican or has in the last few years been very republican town. the most republican town in fact. the last few cycles democrats have made great gains. if bolda comes out with a win or big win, he'll be well on his way to victory and he wins, you'll see a 52, 53 seat at least majority for republicans in the senate. ashley: very interesting. time will wait, david avela. thank you very much. good stuff. take a look at big tech name ifs we can. i'm joined now by gary now. gary, great to see you and take a look at tech in particular. apple, amazon, meta/facebook, they're all down.

apple down 3%. do you see the names going even lower? >> unfortunately, yes, and i think some of these names of the intels and sysco os of -- ci sco's of 99 and in the case of facebook, they're losing. simple as that. tiktok takes over and not doing as well and try to change the meta and losing tons of money on it, and now you're seeing google because of advertising and we used to own all of this. we don't known any of it right now. unfortunately on a daily basis, we're seeing institutions getting rid of it because they own so much of it. ashley: i'm throwing gasoline on the fire, gary, but i have to mention the fed, the market is sea sawing every time we get economic data or strong data that's bad because the fed will be more inclined to continue aggressively raising rates. if it's terrible, then there's

the theory that the fed may ease off a little bit. what's your take on this situation we find ourselves in? >> there may be a moment where it's bad news for markets and i've been saying there's too much of them, you know, everybody waiting with baited breath on one man and his whims on where to move things around. yesterday people are saying, did he say if or did he say of? we just got to get away from that. the economy is bigger than him, the markets are bigger than him but he played god with him for so long and this is the other side of them, here's the worry, guess what for the next six weeks they'll be yapping away every day and i would just wish they would back off, let the markets be. business seems to be in decent shape, no great shape but decent shape. people are getting on a morning trend and families and we're

getting great inventions in technology and medicine and other things and if they'd leave me alone, i think we'd be okay down the road. they interfere too much and it's a shame. ashley: these rate hikes take awhile to work their way through the system. do you think by middle of next week we could be looking at a recession? >> we had one up quarter and, yeah, look, at best i think we're going to have some serious head winds going forward. remember, everything was based off of zero percent interest rates and massive prints here and around the globe and they're getting used to that and that's the head wind. do you think there's a chance i'm keeping fingers crossed and doesn't get worse? i'm watching two things and number one and if that goes deeply south, lookout because that worsens the reverse wealth effect, which we're seeing in bonds and stocks right now.

ashley: you say tech is going lower. what are you buying? what is attractive in this environment? >> i can tell you, oils act well, the manage care stocks and hmos act well. defense stocks act well and this is a smattering of good things out there and every person, every day right now in a week or more and see what's sitting there and they're usually there for a reason. and rolling better than everything else out there and doing something right and don't be afraid of the high and if you get a double, triple, quadruple or tenth fold, that list must be hit. we're all over that and those are the areas showing the relative strength and we'll see if it lasts. yesterday they get hit and why reverse a thousand points. ashley: yeah, still a lot of cashing on the sidelines and it'll probably stay that way. >> i think greed fears -- feeds

on greed if the market gets going. that cash can come off the sidelines very quickly. i promise that . that's how life works in markets. ashley: very interesting. gary, great stuff as always. thanksfor all your insight. really appreciate it. gary joining us this morning. >> thanks, ashley. ashley: lauren, come back in here. you have some movers for us. begin with talking after housing market and begin with zillow. up 11%, stronger earnings and by the fourth quarter forecast not so good but investors not seeming to care. zillow executives say we're not immune to what's happening in the housing market and call it choppy but looking at visits and traffic they're getting on their app and website, increasing 4% in the quarter so investors liked that. now to food, kellogg, re

krispie's and cheeze its all up. conoco phillips 133 a moment ago. solid profits, they increased their dividend 11%. a $20 billion increase in their bye back plan to $45 billion. don't tell the white house that conoco phillips is the latest oil giant to rake it in. ashley. ashley: yeah, all right, lauren. the fact i'm here today means i did not win the power ball, which is bad news but the good news is i did. lauren: the jackpot is $1.5 billion. do you take home 1.5 billion? no, but how about the cash option. i'll take it. next draw asking saturday and even though you didn't win and

no one else won, check your ticket and three tickets out there are worth $2 million and another 12 tickets worth $1 million, wednesday's number just to refresh with the power ball of 23. i would not have picked any of those numbers. if i play, i always play the same numbers. ashley: yeah, i won exactly that, zero. but hope springs eternal. lauren, thank you very much. the faa asked people for their comments on the side of airline streets and thousands of compcomplaints with the higheste of inflation in the country and it's a number one issue for voters. voters. migrants found crammed into a tractor trailer and they were stuck there for six hours with

no food, water or way to escape. bill malugan has the border report next.

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because i've tried so many different types of diet products before. i've tried detox, i've tried teas, i've tried all different types of pills, so i was skeptical about anything working because it never did. but look what golo has done. look what it has done. i'm in a size 4 pair of pants. go golo. (soft music) >> let's take a look at the markets sings we've been open more than an hour and a half. the nasdaq down more than 1% now. the selling continues in other words. let's take a look at some of the dow winner ifs we can. boeing getting a better forecast for sales up 5.5%, caterpillar up 1.25% and mcdonalds up 0.25

of a percent. under armour up 14%, $8 stock and up $1. etsy, much better outlook than expected and that stock up 13%. knack disease side included is -- nasdaq side including ebay and up 3% and nvidia up 2% and they have the nasdaq winners. also take a look at ten year treasury yield and jumped up to 4.2% but now down a little bit but still up there above 4% at 4.1%. take ago look at the price of oil this weekend, that's down about $20 at $1630. we're looking at bitcoin and up to $128 and the price of oil is down, 1.5% at $88.66 a barrel

and natural gas is down nearly 2% to $6.14. let's take a look at the average price for a gallon of regular across the country. it's a $3.77. if you rely on diesel, not so good. the average cost of diesel around the country $5.30. that hurts. business model, lauren, what is he saying? lauren: it's mark who led uber's lobbying efforts and he's righting the ship but has a long way to go but the model is unsustainable and they want ability and the contractors but they want benefits like paid

sick time and that would make them a employee of the company and uber grapples with that and having flexible workers and coming down for riders. ashley: it's a thorny one. lauren, thank you very much. now to the border. we're showing you new images from that region, 123 migrants crammed entoa tractor travion tn a failed human smuggling attempt. bill melugin in eagle pass, texas, this morning. what are you seeing there, bill? >> reporter: good morning, ashley. cvp sources tell fox news in the last 24 hours alone in the del rio sector, there's been more than 1,700 illegal crossings and it's been better this morning and take a look at video we shot before sunrise with the fantastic drone team and thermal capable drone showing a group of several hundred migrants crossing illegally into the normandy, texas, area. a tiny little town on the

northern outskirts of the eagle pass area and they're moving through the brush after crossing the river and we had a chance to talk with a lot from cuba, columbia, nicaragua, dominican republic, urugay and we asked them if the border was open or closed and they all says abierto, which means open. this is where mexican authorities stopped a tractor trailer with 123 migrants crammed inside smuggled up to the mexican boarder and they're reporting those people were stuck in there over six hours with little ventilation and almost no escape whatsoever. another high profile huge snuggling incident, that we see a couple times a month down here at the border and take a look at this video turned back by texas dps and found a pair of human smugglers in the county and people bail out and go running off into the brush and they take

them into custody and open up the car and find six illegal immigrants being smuggled inside and there was a 9-year-old boy who was being smuggled in the back of the trunk and the driver from houston and passenger was a confirmed gang member and they were arrested and charged with human smuggling as well as unlawful possession of a weapon. i want to warn your viewers some of the images are graphic and it's the reality of what happens down here. as a result of a human smuggling rollover crash in the rio grand valley in texas. texas dps saying this human smuggler had 11 immigrants in his pickup and ran a red light, rolled over and got ejected and one gut mallen man died at the scene and others from new mexico and one from guatemala and el salvador and one from poland and romania in the vehicle as well showing they continue to come in from all around the world. and back out here live, that incident shows what texas law enforcement is doing out here

day in and day out nonstop human smuggling after people have crossed the border. back to you. ashley: just such sad human suffering on top of all of that. bill, thank you very much for that report. at the border, a huge issue at the border. alicia acuna joining us from phoenix and if i understand it right, phoenix has the highest inflation in the country; right? >> reporter: yeah, good morning, ashley. you've got that right. phoenix is located in maricopa county and no candidate wins arizona or the state wade race without phoenix and maricopa county. take a look at fox news polling on the issues here. fox news found when asking registered arizona voters the most important issues for them when it comes to voting the senate, inflation is number one but it's also followed by border security. handling those top two issues

voters say they prefer blake masters. he proposed readiesing government spending to fight inflation and those currently in power are not doing the job. >> don't look at 401k. sorry, please don't. don't look at your grocery bill. this is horrible. and again, i'm not suggesting that biden or mark kelly could ever competently steward a healthy economy. i think they're in over their heads. >> he does not see you. he doesn't care about you and he sure as heck should not represent you in the united states senate. >> reporter: former president barack obama was in phoenix last night to help democrats on the ticket including incumbent senator mark kelly, who is in a toss up race to keep his job. >> i worked with republicans and democrats to bring manufacturing jobs back to america.

>> reporter: also laying out both plans for tase pocketbook issues. these pocketbook issues. >> we would provide tax relief on every day items struggling with things like over the counter medication, diapers, school supplies, those kind of things. >> my plan immediately calls for the removal of the grocery tax in arizona and the rent tax. those are two areas that will help people the most immediately with relief. >> reporter: now, ashley, maricopa county elections officials, five days out are already warning folks, you got to be patient on election day. they're expecting long lines and long waits. that night will feel like a week for those of us covering it. ashley.ashley. ashley: i think you're exactly right. alicia, thank you very much. great report. appreciate it. >> you bet. ashley: country star john rich is a huge supporter of truth social, but will he post more on

twitter now that elon musk is in charge? the man in the big hat john rich joins me next. ♪

ashley: you are taking a look at hazy austin, texas, where it is 72 degrees. we're showing you that because the cmt music awards are coming to austin next year. country star kelsey balarini made the announcement she'll be cohosting the award show for a third year. so there. now you're up to speed on that. check the markets, get you up to speed on the what's going on on wall street. we can tell you that the markets continue to be heading downward but are kind of held in the same range and dow off 139 points and nasdaq down 1.25% and s&p down close to 1%. you're up to speed on the markets so now look who is with us. country star john rich. great to have you here this morning. john, you've been talking a lot

about twitter but i know that you're a big truth social guy. so my question is, will you spend more time on twitter now that elon musk is the ceo? >> that's a great question. thanks for having me on. i think the jury is out on elon musk whether he's the real savior of freedom of speech or not. he's fired a lot of the people that were censoring and canceling people. but there's still a lot of people at twitter that are guilty of those crimes in the past so i spent a lot of my time on truth. that where you get full freedom of speech every single time. ashley: it'll be weeks before banned users got their accounts back and you want elon musk to ban a mouse accounts; right? >> i said if you're going to ban anything, ban anonymous accounts

and on my page@johnrich on twitter i'm bombarded by some of the most nasty, vile, vulgar things including threats, body threats, really bad stuff, and it seems like it always comes from accounts with no picture or name. there's no way to find out who the people are and i've turned in certain that were threatening violence to law enforcement and they said we can't even find these people, john. if you're going to ban something, get rid of those crazy people. ashley: makes sense to me and i want to say congratulations. your anti-woke song progress hitting number one after truth social released. it's very interesting. congratulations. >> i appreciate that. yeah, the line in the song that really sticks is stick your progress where the sun don't shine, which is a really nice country way of saying you know what. man, i put the song out, one of the lines in the song says they shut down our voices and by they i was talking about youtube, twitter, facebook.

all the big tech platforms so i thought it would be critical to use those platforms to promote that song so i only used rumble and truth, and we launch that had song and it stayed at number one on the worldwide download chart for 12 days in a row. it was absolutely incredible. ashley: congrats on that. i wanted to get into this with new data showing nashville's hotel industry seeing a post-pandemic boom more than any other u.s. city and i know you own a bar in nashville so how's your red neck riviera doing i think it's called 1234 >> yeah, it is called that. i love hearing that in a britt irk accent. you have to come to nashville sometime. it is booming. we said the new state bird of tennessee is the crane, meaning the cranes building every r. we have cranes everywhere. we have no real estate tax and it's a lot of fun town and hard working people and nashville is really on fire right now.

ashley: i lived there for ten years, john, and a lot of people used to say to me, where y'all from and i used to say kentucky and they would give me a straight look and say really? i'd say, uh-huh, eastern kentucky. >> you've got it down a little bit. ashley: yeah, my kids still live in nashville and they absolutely love it. what's not to love. anyway, john rich, thank you so much, sir, for joining us .t we appreciate it. >> thank you. ashley: thank you. i just need to get the hat. now this, taylor swift broke another record with her latest album midnight. lauren, what record did she break? lauren: it ran in the top 40 of the global 200 chart and we talk about this in the make up room today and ronna mcdaniels all

over it. she has such a fan base, taylor swift. i mean, when you look at that 20 song set, it drew more than a billion streams and it was just released october 21st. people say taylor swift knows how to write music. she did it again. and she just announced her tour. ashley: so, so talented. lauren: she announced her tour and brides to be in the major cities are worried about wedding dates. they don't want her in their city when they're getting married because of demands for hotel rooms and venues. ashley: that's powerful. thank you, lauren. now this, the houston astros make round one with a second no hitter in history and a combined no hitter. what's it like to strike and what that could mean for your holiday travel plans. that's next.

♪

ashley: you are taking a look on a sunny day at the philadelphia international airport. that's sort of like a good day for flying. lauren: they gave the public

feedback on the seats to be shown more and more. they got 26,000 submissions and most commonly used word was forture. the wide in the airplane seat is 17-17.5 inches and the distance between you and the seat in front of you as little as 28 and used to be 35 inches. this is insane. i say there's no leg room. imagine what a normal sized person feels like. it's so controversial. passengers are saying it's unsafe if they had to exit the plane fast. six democrat senators are usualing the faa issue urging the faa to change it. ashley: i'm 6'1 and i can tell you it's absolute hell. there's no other word for it.

especially if i'm trapped on the window seat and need to go to the bathroom, it's just an obstacle course and almost impossible to get through. lauren: i agree but i've become a fan of the window seat because the curvature of the window gives you a bit of extra room to go like that. ashley: that's a big if. airline pilots rejecting the offer and could we still see a pilot strike? lauren: yes, pilots from the three major carriers are deadlockdeadlocked and pilots bn american and united hammered out the proposals and would have given them an almost 20% pay raise and pilots at delta voted

overwhelmingly to authorize a strike. we're ready and willing to strike today. lauren: they're exhausted and this holiday season, it's likely going to be the busiest and most expensive yet because of demand and fewer covid systems. >> they're stuck with pilots on strike. that's terrible and it is what it is. we're going to continue with our travel theme. talk about cruising, disney cruise lines and royal caribbean just updated their covid rules. are they finally getting rid of testing? what do you say? >> no more preboarding testing and no vaccine requirements and

imagine that back to normal, one however if you're take ago royal caribbean cruise and are unvaccinated, you do have a test negative before sailing. one caveat. this is basically the same thing as usual. about time. ashley: we'll have to wait and see. lauren, thank you take a look at 30 dow stocks just to get a sense of where the markets are. they've been down and down and the dow was off more than 300 points. now we have a few green names on the dow 30, boeing, caterpillar, honeywell leading the pack on the bottom and we have visa, home depot and apple as you can see. apple trailing on the dow 30. the market overall and dow down 128 points. all right, a former hedge fund -- former hedge funder making costume suits for some of the biggest names in nfl.

we'll tell you how our next guest made the leap from football to fame next. ♪

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ashley: it was a historic night at citizen's bank park in philadelphia last night. four pitches on the houston astros combined for a no hitter. lauren, is this only the second no hitter in world series history? lauren: correct. correct. gemmative tonight on fox so christian javier had a brilliant start and pitched six scoreless innings and the five relievers capped off the no hitter win for the astros and he said my parents, they told me i was going to win and pitch a no hitter so i did. ashley: that's pretty good. we just saw some black and white photo done in 1956. he did it by himself a no hitter and that is remarkable. lauren, thank you very much.

our next guest has a custom suit business. there it is. if you can see, the lining inside has the lyrics to the phillys pump up anthem dancing on my own. how cool is that? tom marcatelli joins me now. tom, you did that suit and the go-to tailor for the nfl. you started your life in finance. how did you go from there to there? how did that happen? >> great question. i actually had custom suits made for myself and used local new york city tailors and had trouble getting the fit i desired to long story short, my wife and i had the idea that maybe i would do this on my own. i created this business. we came up with the name gentlemen's play book ask through the lovely sources of instagram and twitter, reached

out to athletes and had athletes reach out to me and the first player was chase daniel, he's an nfl quarterback and asked me to come fit him for suits and we went from there. ashley: did you have these skills prior to getting into this? were you exposed to the fashion world at all? >> i will say, i'm self-taught for the most part. i was taught to measure but in terms of the design. that's all second nature to me. i've always been a clothes horse so-to-speak. i've always cared about what i've worn and appreciated fine italian tailoring. ashley: uh-huh. i was just looking at pictures of joe boroughs and you did -- burrows and you did his when they went to the super bowl and played the rams. it was tiger striped gray. that is a very eye catching suit. gray and black and white suit and even the black hat. you made that for him. is that what he requested? >> so great story also.

when i went to see him, he had no idea of what he wanted but wanted something unique. i put several fabrics in front of him that none of my clients had seen before. he was immediate ligroin to that and -- immediately drawn to that and chose that and wasn't meant to be the tiger striped design as you see it. that wasn't the intention, but that, i mean, that suit right there. it's iconic to me. it broke twitter when he walked into the game. he wore it well. ashley: that's great for you too. yeah, i mean, it's greattizing for you. >> sure was. ashley: how much do the suits cost on average? a lot depends on the fabric and whatever they want. what are we talking about? >> of course, they run anywhere from $2795 to $5k per suit. the more exclusive fabrics that i pride myself on acquiring the fabrics that no other clothe years or tailors have. my guys pay to look their best. ashley: is it all word of mouth now? do you not have to worry about

advertising? are you kind of having to -- people are coming to you? >> they absolutely are, and i also want to note i've never paid a dime for advertising. i've been fortunate to have social media and like you said, word of mouth, there's nothing stronger than that. when my midnights walk into the -- clients walk into the stadium and locker room wearing the suits, very often guys walk in and say, hey, who made you that suit and my phone rings. i've been very fortunate and my guys are kind to me with the referrals. ashley: that's absolutely amazing. do you have a store or do you do this from home? how does it work? >> no store front. i have a home office where i do all of my design work, but i'm in an airplane, two, three days a week flying to my client's homes to do it all personally with them. i'm flying and measuring them and bringing them all the fabrics, do it all in person. ashley: what a great success story. tom, congratulations to you. we wish you all the best for the future and clearly things are

going very, very well. thanks so much for telling us your story. >> thank you, ashley. thank you for having me on. i appreciate it. ashley: you are absolutely welcome. great story. all right. now this, tom brady breaking his silence about his divorce so the question is what is he saying, lauren? lauren: has tom ever designed a tom brady suit? >> that's my goal in life. didn't know we were still on. lauren: that's his goal in life. did you hear that? ashley says being tom brady, he's not going to let his personal life spill over on to the field and thing withs his ex-wife are amicable. >> obviously the good news is that it's a very amicable situation and i'm really focused on two things and taking care of my family and certainly my children and secondly doing the best job i can to win football games. lauren: the settlement was pretty fast because there was an

ironclad prenumb and together they're worth about $720 million. i know, she's worth more and they didn't have to negotiate much because it was all done. she took a few houses, he took a few houses. you know. must be nice. ashley: yeah. $100 million here, $100 million l. all right, at least it's amicable and that's the main thing. lauren, great stuff. don't go away, lauren. it's time for the thursday trivia question. i have no idea. how many rooms are in buckingham palace? these numbers are eye watering. 475, 575, 675, 775? the answer coming up right after this. ♪

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the phone. call today, and we'll also send this free guide. humana. a more human way to healthcare. ashley: all right, before the break we asked you this question, how many rooms are in buckingham palace? there are your choices. lauren, take a guess. >> i'm being conservative with a mere 575. ashley: all right. i will go with number three, 675. and the answer is, we're both wrong. 775. >> wow. i wouldn't want to -- ashley: 19 state rooms, i know. 52 royal and guest bedrooms. 188 staff bedrooms, 92 offices, 78 bath rooms. don't forget by the way before we say good-bye, send in "fan friday" videos. tell us your name, we'll put it on tomorrow. we're out of time. neil it is yours