♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. >> the president is the front-runner going in to the nomination. the democrats will spend as much

money as anyone to get who they want as the republican nominee. >> people are looking at what is his tone, how is he going to manage himself through this process. is this is -- if this is what you see from president trump, he's going to be president again. he is the leader in the clubhouse, and anybody who wants to speculate otherwise is not paying attention. >> you cannot blame the gop for anything that has happened in terms of the economy. >> everyone is hoping and dreaming the fed is going to pivot. we are in a recession, and we are heading into a deeper recession next year. >> i think markets are are saying the worst is behind us, and the fed may still raise, but not at 75 basis point increments, and that means we are on the other side of this mountain. ♪ if you start me up, if you start me up, i'll never stop ♪ stuart: it is, what, oh, the rolling stones. favorite song. that's a great way to get the hour moving, and yes, indeed, we

are in the 11:00 hour. good morning, everybody. wednesday, november 16th. straight to the markets. there's not that much price action so far today except in the nasdaq which is down 180. that's 1.5%. show me the retailers, please. dominated by target which forecast a rather weak holiday season, and target is now down 13.5%, dragging down macy's, best buy and kohl's as well. ing walmart still up about 1%. big tech down across the board except for google, the lone winner there. microsoft, apple, amazon, meta all down. show me the 10-year treasury, please. it's all the way down to 3.73%. i would have thought that might help big tech the more than it has. now this. even in the darkest dictatorships, brave people can still stand up and resist. who would have thought we would see people power in iran and

china? you surprised? sure. but there are rumblings of change. strong in iran, developing in china. that's news. in iran the protests started in september. now it's getting serious. shopkeepers across the country have started a 3-day strike. they're shutting things down. at a grand bazaar in tehran are there were chants of death to the dictator. that would be khamenei. high school and college students stage walkouts, steel workers are on strike, and iran's parliament has called for the death sentence for any protester. one execution so far. that's a very big deal. it shows an aging dictatorship desperately clinging to a wildly unpopular theology. how long can the geriatrics stay in power when the people are in revolt? it is a different story in china, just the beginnings of protests there. in south china's manufacturing center, workers tore down fences meant to keep them in their homes during a covid lockdown.

they tooked -- to the streets. uh-oh, that's not allowed. xi jinping's deal is this: you the people get prosperity, i get the power. he's using that power to enforce the zero covid policy to which the people vigorously object. we're not talking revolution or insurrection, just the beginning of protest. if it spreads, x irk's regime is seriously -- xi's regime is seriously challenged. the news that trickles out suggests that people power is aa live and well in the darkest of places. third hour of "varney" starts now. ♪ ♪ stuart: welcome back to byron york. he was a stranger to us for years, but he arrived back last week, can he's back again today. [laughter] byron, good to see you, sir. >> good morning, stuart. stuart: look, i could see how

there could be real change in iran. i think it's going to be more difficult in china. what do you say? >> well, i agree with you about both of those things. and as far as china's concerned, we've obviously just had a historic moment in which the president of the united states had his first conversation with xi jinping, the leader of china who former president trump calls the king of china, which is pretty true. and the extraordinary thing about this meeting from all we we know about it is that while they did discuss taiwan, they discussed economics, other issues, they -- the president didn't bring up covid. i mean, you have this situation where a million americans have died, and china has absolutely stonewalled the world on the origins of covid. and the president of the united states is face to face with the leader and doesn't bring it up. stuart: go figure that one. i want to talk about the state

of play in the republican party. i want you to listen to how senator josh hawley characterizes the midtermses. roll that tape, please. >> i think that this election was the funeral for the republican party as we know it. the republican party, as we have known it, is dead, and voters have made that clear. stuart: for the republican party sounds pretty strong to me. does he have a point, byron? >> well, there are a lot of strong feelings among republicans in the senate, and the reason is they thought they were going to win. they thought they were going to win the senate and then they lost. so, obviously, people are looking around. there was a long meeting with mitch mcconnell, the republican leader, yesterday in which a lot of senators said some very frank things about what they thought was a lack of leadership on mcconnell's part. because if you with remember, before the election mcconnell specifically said he was not going to advance any sort of agenda, campaign agenda for republicans to campaign on like

kevin mccarthy did in the house. and so they were upset at that. they felt that mcconnell just paid too much attention to the money that he had, his organization had given to each senator. you know, i gave you $30 million, i gave you $20 million, why are you complaining? and he lacked the vision. there were others, by the way, who questioned rick scott, the senator who was in charge of the re-election effort. they want to know where he spent a lot of the campaign money. not suggesting any corruption, but saying it was, perhaps, not effectively spent. so there's just a lot of unhappiness, a lot of finger-pointing in the republican party, and the big reason is they thought they were going to win, and they lost. stuart: what's your response to the speech last night from former president trump at mar-a-lago? your response? >> well, it was interesting, there were a couple of course corrections in it. first of all, trump promised a restoration of his presidency.

he went through his accomplishments and promised to restore that if he were elected president again. course corrections were he didn't talk about the 2020 the election. now, he has just pressured a lot of republican candidate cans around the country to declare that the 2020 election was rigged and stolen, and then he comes out and he says nothing ab it in his speech. it was kind of odd. another course correction is he did not attack the ron desantis as he had been doing in the past. but the argument he's making for republicans is, look, things were really good when i was president. we made huge progress on the economy, on national security, on immigration, all sorts of things, and we can do that again. and he left out the part that troubles so many americans, that much of what he did after november 3rd, 2020, was a disaster, a complete disaster, questioning and resisting the results of the 2020 election,

ultimately leading to the capitol riot. so it was, it was the kind of thing where the people who already supported trump would be very, very happy to hear it, but it came at specifically the moment when a lot of republicans were ask distancing themselves from him after his championing, endorsing a number of losing candidates in the midterms. stuart: yeah, fair point. some con that that dictions there. byron york, you've better come back soon. >> happy to, stuart. thank you. stuart: mark tenner, glutton for punishment, we me for the hour in his brand new set of clothes. >> gotta look fancy for you. [laughter] stuart: investors seem to think the fed is going to pivot. that's what i'm getting out of wall street. are they right? >> i think investors are off base on this one, without a doubt. i mean, look, the fed is concerned about sticky inflation, and the thought that the fed's going to pivot off month to to month data, i think

it's flat out wrong. they're going to look at sticky inflation. and when you look at one year out inflation expectations, university of michigan just ratcheted up from 5.0 to 5.1. what that's telling me is that sticky inflation is still a problem, it's going to be here longer than most investors anticipate, and it's actually going to run hotter than a lot of people think. stuart: some investors also think that the market has already bottomed. they got that wrong? >> yeah. so my response to that is if you look at the ark innovation etf, no discrpt to cathie wood, that thing's down about 60% this year, yet money's till flowing into it. so it's brought in a billion dollars in fun flows this year despite being down -- fund flow. there's been absolutely no panic selling, yet there's still money going into those. stuart: investors also seem to

think there's going to be no recession. are they wrong? >> the 3-month/10-year treasury is inverted right now. i like to look at hose because it has accurately predicted 12 out of the last 11 recessions. wrong 1 time. so i highly doubt this is going to be wrong twice, so i do think we're in for a recession. stuart: all right. you're with me for the hour. you're saying there's no -- there will be a recession. the market has not yet hit bottom and the fed is not going to pivot. >> that's right, stu. you got it. stuart: kind of a negative if message. you can leave now. [laughter] we're looking at the movers, of course. lauren, lowe's, please. lauren: yes. they see higher profits for all of 2022 thanks to higher prices. and folks are bailing out of the market for a new home and fixing up the one they already have because it's cheaper to do that -- stuart: it is. micron technologies. lauren: down. stuart: way down.

lauren: they're scaling back production by about 0 percent. 20%. they see soft isenning demand -- stuart: that's important. foot locker. lauren: the whole kanye story, so credit suisse says adidas severing ties with kanye will hit sales of foot locker, and they cut their price target on the stock. it's still at 38, so up from here, stock's trading at 31. but foot locker's down 8%. stuart: all right. thanks, lauren. barstool sports guy, dave portnoy, accidentally discovers he has $45 million -- 45 million american express points. roll it. >> 45 million. >> 45 million. [laughter] >> that's great. >> [inaudible] >> yeah. no, i definitely can. stuart: he's been spending on his amex card, hasn't he? [laughter] i wonder how much those points are worth in dollars?

>> i need to hang out with him. stuart: the finish bi says tiktok is a national security concern. trump tried to ban it when he was in office. now some democrats say trump was right. kt mcfar lan on that shortly. trump official running for president. senator lindsey graham says if trump sticks to his same tone and message, he will be hard to beat. lara trump is going to respond to that. lara is next. ♪ baby, there's nothing holding me back ♪

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for president of the united states. [cheers and applause] this will not be my campaign, this will be our campaign all together. [cheers and applause] stuart: you saw it, that was former president trump announcing his '24 campaign at mar-a-lago. griff jenkins is right there. griff, what's the latest from palm beach? >> reporter: hey, stuart. well, now we find out whether or not this third bid, which is the first out of the gate strategy, obviously, no other republicans have declared, whether it will work for him and possibly clear the field for others that want to challenge him. you know, last night he spoke for just under 64 minutes laying out several items on his national greatness agenda. it included crime, border, he says he wants to be the first president to really fix education, ask and he says he wants to overhaul the doj and fbi. but before i the break you mentioned that lindsey graham tweet and him talking about the tone. the tone, stuart, was noticeably

subdued, but that didn't stop him from attacking the current president. listen. >> i will insure that joe biden does not receive four more years. in 2020 our country could not take that. and i say that not in laughter, i say that in tears. our country could not take four more years. it can only take so much. >> reporter: president biden taking to twitter to push back saying donald trump failed america. now, what was really interesting, stuart, is who was in the room. everything and lara trump -- eric and lara trump along with the ex-president's youngest son is barron and jared kushner was there. but noticeably not there, ivanka trump. she exclusively telling fox news that she's going to sit this one out. she loves her father but not going to be engaged politically in this campaign and also not there former vice president mike pence who won't say that trump is unelectable, but he did suggest that maybe the country's

looking for something different. take a listen to this. >> i just think, i think i have a sense the american people want a new style of leadership that'll, that'll reflect the way they deal with one another every cay. >> reporter: also lastly, stuart, trump spoke about that georgia senate race, run off that we've got coming up on december 6th. be interesting to see, a lot of people talking about whether or not his announcement last night will factor in and impact that race between warnock and walker. stuart? stuart: got it. griff jenkins, thank you very much, indeed. lara trump is with us now. welcome back, lara. good to see you on a very special day, obviously. i have to say that there wasn't a great reception to the speech last night. not a single elected republican official was there. how do you feel about it? you were there, so i'm sure you're very supportive of your father-in-law -- [laughter] but those of us on the outside looking at it, it didn't seem as

if he's got the old magic. do you know what i mean? >> oh, well, i highly disagree with that. for donald trump from the very beginning, from the first day he came down the escalator in 2015 in trump tower, it's never been about a elected officials, politicians, people in the swamp and d.c. it's been about the american people. and if you looked around the room last night, you had people from all different walks of life. the energy this there at mar-a-lago was absolutely incredible. it really did, to me, feel like the 2015-2016 campaign all over again. let's not forget at least in the house you have a lot of people that were there for the house leadership voting. but it's, of course, never been about any of that for donald trump. look, i think we are at a point in america right now where we're really hurting on a lot of fronts. a lot of people are struggling. i think they look back not too long ago at when donald trump was in charge of so much of our country and how much different it was in america and how much better it was in america.

so he made it very clear last night that he is running to bring this country back and to help people. he said it's about unity, it's not about republican and democrat. st about -- it's the about we, the people of america k and that's who he's running for. smoother stuart senator lindsey graham says if trump continues with this tone and message, he will be hard to beat. can trump stay on message? can he keep that tone? [laughter] >> well, gosh, i would be a mind reader, and wouldn't we all like to know that if i could tell you that a right now for the next two years. obviously, it's a long time. this is a long campaign ahead of him. and we know donald trump, he's very transparent. he says exactly what he's thinking on a whole host of topics. but this is a very serious time, and i think that speech last night was very serious because, like i said, people are looking for someone to help save this country. they know that donald trump was able to do it one time previously. i mean, you look at the successes heed had and not just

for himself, of course, becoming president, but for america. look at how different our country was under his leadership, and it was just so great for all people. so i think that is what he's focused on. that speech last night, i thought, was perfect for the moment, and i think it's really going to galvanize a lot of support behind him. stuart: i've got 30 seconds, but here's what i'm hearing: trump will go into the primaries, and win the debates, but when it comes to the election, 2024, he can't i win, he won't win. what do you say? >> oh, highly disagree with that. i i think if there's ever been a time that people know we need to change course, it's right now. they know how good it was with trump in office x. even those who height not like his tweets and personality, i think they'd be much happier to pay lower gas prices, afford their groceries, so i think they'll vote for trump. stuart: we'll leave it there. e appreciate you being with us,

lara. thank you very much. >> you got it. stuart: ashley, i want to talk to you about facebook. they say that president trump has announced his 2024 candidacy, he will not be fact-checked anymore. ashley, i thought he's not onbook if now anyway. ashley: he's not. he's currently banned from facebook, but other entities like team the trump, the page run by trump's political group, still active. has 2.3 million followers, and donald trump will get back on the platform in january after his now. meta pays third-party fact-checking organizations to apply fact-check labels to misinformation across facebook and instagram. but but the company long has had an exception to its fact-checking policy for politicians, and that now will apply to donald trump n. a memo sent to meta employees, it emphasized political speech is ineligible for fact-checking including the words a politician the says as well as a photo, video or other content that is

clearly labeled as created by the politician or their campaign. so he should be back on by january now that he's announced his candidacy. stuart: all right, ash. let's talk the portnoy. he was shocked to find how many american express points he'd racked up, 45 million. do we have any idea how that translates into dollars? ashley: yeah. those points, millions of points worth upwards of $400,000. watch. [inaudible conversations] [laughter] >> that's' it ya. -- great. >> go on a trip. >> no, i definitely can. i'm going to be a league leader in ports -- points. i hoard them. thank you. 45 million points. [laughter] ashley: yeah. 45 million points or thereabout. he was using the american express black card which i'm surprised is not on fire given, obviously, the amount of times he uses it. and now he's got all sorts of

things he can do with the rewards. remarkable. stuart: thanks, ash. how the devil do you rack up 45 million points? >> you spend $45 million, that's how you get -- [laughter] stuart: well, you spend $45 million. >> whatever he's doing, i need to partake this those festivities. sounds like he's having a good time. stuart: you need a company to sell. the chairman of micro strategy is michael sailor. -- michael saylor. he thinks bitcoin could be the solution to the crypto collapse. we'll get into that a little bit. it's tough to get information from iran or china, but the news we are getting shows protesters are pushing back against are repressive regimes. we're going to talk about that in just a moment. ♪ ♪

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♪ ♪ stuart: oh, carriewood. i know that name. >> i don't know -- carrie underwood. >> i don't know this song. stuart: that there is mount pleasant, south carolina, 55 degrees. check those markets. where are we now? i can see the dow is up just a fraction, 7 points higher. the nasdaq down 1.25%. susan's with us. let's talk --

>> i know carrie underwood. stuart: you know her? susan: yeah. it's very funny that they asked you guys for the rundown on her song listings. [laughter] stuart: do you know, actually know her? >> i don't know her, but i know of her music. do you know her? stuart: no. i know the name, that's all i know. [laughter] elon musk, lots of stuff to go through. susan: yeah. i don't know elon musk either, but ill love to get to know him better. [laughter] he's advertise -- it's his world and we kind of just live in it. there are challenges to his $56 billion pay package, most lucrative see owe pay package in u.s. history. and he's being cross-examined as we speak is and is taking shots on the ftc as always saying they are more focused on him than paying attention to how about ftx, for example. he says he was not a part-time

ceo with, extraordinarily difficult, he says, to achieve high volume output. and i would argue he created a trillion dollar electric car company worth more than all of his competitors combined, so shouldn't he be paid? the lawsuit contains the board of directers were wrong. stuart: forgive me for interrupting, but that's not a tesla that he arrived in. [laughter] susan: it was a tesla that led -- stuart: not good enough. he's in the background there. talk to me about twitter. susan: okay. there was a tesla. i saw a tesla there leading -- stuart: he wasn't in it. [laughter] susan: okay. so youd had an elon musk e-mail going company-wide last night at midnight san francisco time, succeed in an increasingly competitive world, we will need to be extremely hard core x this will mean working long hours at high intensity the, only exceptional performance will constitute a passing grade. anyone who does not agree, 5

p.m. eastern tomorrow time you can leave, three months' severance for you with. so that's 5 p.m. today is the deadline, meaning that you can leave. look, he's delaying that $8 a month blue check mark program. he has to get the right people in place. so that blue verify program will restart on november 29th. he wants to make sure that it's rock solid. but how much bandwidth do you think this guy has? he's incredible, he's aing genius, but spacex is in the midst of raising money right now, up 50% from last year. so he is a value creator. he's known as a tough boss, i'll tell you that, in my conversations with silicon valley, but he has a fantastic track record. stuart: he does. don't get against him on twitter. although it might be a long haul. i wouldn't bet against him anyway. susan: anywhere. stuart: susan, thanks very much, indeed. protests in iran getting really serious.

shop keepers across the country, they shut the place down, and they have executed at least one protester. kt mcfarland with me now. kt is there real -- is there a possibility of real change here many iran? in iran? >> yeah, for a couple reasons. first of all, you know, iran every ten years has anti-regime protests, but they start, they get suppressed, they finish. this one has gone on for quite some time, so this one is now all across the country, all socioeconomic groups, all age groups, and it comes at a time when the supreme leader of iran, the head mullah, he's old. he's in his 80s, and he's extremely ill. so he's probably going to die, you know, in the near term, and he'll have to be replaced. so iran is now at this crossroads of what potentially might happen. the iranian mullahs, obviously, they want to stay in power, but the regime protesters, they're no longer just protesting this and that. they want regime change from

within. to that's why i think it's so important that the biden administration don't prop up their regime. be with the good guys. stuart: right. obama wouldn't involve himself in iran, i think it was 2010. maybe president biden should do something or say something right now, give some support to these guys. next case. fbi director christopher wray sounds the alarm on tiktok. watch this, please. >> we do have national security concerns at least from the fbi's end about tiktok. they include the possibility9 that the chinese government could use it to to control data collection on millions of users or control the recommendation algorithm which could be used for influence operations if they so chose or to control software on millions of devices. stuart: kt, that is a long list of grievances and problems. do you think we should ban tiktok in america? >> yeah. here's the thing,if you with download that tiktok app on

your iphone, you just invited the chinese intelligence services into your life. they have the ability to see where you're going, see where you're browsing, see what you're doing. you know, they now own you in the sense that they own your data. the chinese government says, oh, no, that's not what we're doing, tiktok is owned by a parent company which is own by the chinese, but don't worry about it, we're not spying on americans. and yet it flies in the face of what we know about china. in 2017 they passed a national security act saying all chinese citizens, chinese nationals and chinese companies have to cooperate with the chinese intelligence services, and if they don't, they face life imprisonment or execution. so of course they're going to cooperate. and then the second part is even internally to bytedance, the parent company in tiktok, we've seen some of their internal communications, and they admit the chinese government sees everything. so, yeah, it's a real problem. what are they going to do about it is the bigger problem because now it's in a whole lot of cell

phones right now and particularly anybody under the age of 15. stuart: it's a real cold war that's actually heating up too. kt, thanks very much. see you again soon. the mayor of chicago, that would be lori lightfoot, just cropped a new campaign ad. watch this -- dropped a new campaign ad. >> given the mess she was difficult, lori's delivering. [background sounds] >> hey. [laughter] thousands of new jobs and a pepperoni? >> told you she delivers. stuart: okay. twitter's having a field day with this one. some people are calling lightfoot mayor uphub. we're on it. check the cryptos. my next guest says he's lost millions in the crypto the collapse. he's only 27 years old. is he still buying bitcoin? i'll ask him. he's next. ♪ ♪ darling, just hold on ♪

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stuart: crypto billionaire michael saylor says he's still a big believer in crypto. roll tape. >> i am a big believer because i believe that although crypto in this case may have been the problem, bitcoin is still the solution. and if sam may have made a million bitcoin -- with this crash. stuart: bitcoin is still the solution. mark tepper with me now. you think -- what do you make of this ftx collapse? is there any contagion going on here? >> seems like there's a lot. obviously, ftx went bankrupt, the crypto lenders, a lot of stress for them right now. blockfi and a few others under pressure as well. and if now just recently is it gemini? stuart: yes. >> gemini -- genesis pausing withdrawals. so, you know, the contagion

is -- i don't know how far this is really going to reach. i mean, some of the biggest crypto gurus i out there have no idea how far this spider e web's going to go. nevertheless, stu, we were just talking during the break, it's surprising that bitcoin has held at 16,000 over the course of the last week or so given all of the stress and pressure it's under right now. it really should have of gone lower, so i guess that does say something about the resiliency of these investors. the biggest thing to potentially come out of this, crypto investors have not been a fan of regulation. wonder if they're going to change their tune on that. i wonder if they actually want some regulation so their money doesn't disappear in the middle of the night. stuart: in my personal opinion, that's their only hope. my next guest is 27 years old, and he's lost $2 million since the collapse of ftx. his name is evan, and he joins me now. evan, somebody must be buying bitcoin because it's been

narrowly holding at 16,000 for the past week. is it you? you buying? >> i've been buying every day since i've had the opportunity. i think this is a great time to buy. the main fundamentals of bitcoin haven't changed. why investing in bitcoin hasn't changed, so for me, it's a great opportunity to buy long term. so i am buying more bitcoin, and it makes me more bullish. i lost money because i didn't follow one of the main reasons, your keys, not your crypto. stuart: let me ask you this, is it the responsible thing to do to encourage people to to buy into bitcoin, more people to buy into crypto when a million people have lost a great teal of money in the bankruptcy of ftx? are you okay with encouraging people to buy like this? >> i think if you understand the fundamentals, people lost money on ftx because they kept their money with ftx. ftx is the fraud, the one who

committed fraud. they lied to everybody. they lied that they're not touching users' fund. you could have a car manufacturer who cuts some corners and defrauds the investor. doesn't mean electric vehicles are bad. so bitcoin by itself, the fundamentals are still very strong, and if you have bitcoin in your wallet, in your hard wallet, you've not lost any money today. the only people who lost money is somebody like ftx, somebody who get their bitcoins from them and give them an iou and -- stuart: forgive me for pushing this, but you say the fundamentals of bitcoin are very strong. the fundamentals of bitcoin are purely demand for it. there's nothing there. you can say i don't understand the market, and you're probably right. but the only thing that keeps bitcoin going is people willing to buy it. that's the fundamentals. >> that that's with everything you buy. stuart: because they've got something. i've got an an ounce of gold,

i've got a stock, i've got a piece of a company. i've got something. with bitcoin i've got nothing. >> [inaudible] stuart: all i've got from bitdown is the demand for it. that's all there is. >> but it's the, it's a way to hold and transfer value. it's a smarter way of holding and transferring value -- stuart: [inaudible] it's not holding its value, for god's sake. the value's all over the place. >> no, but i'd choose to rather have money under my control thay bitcoins, the ones in my wallet. i lost the money that i gave to ftx and had my funds blocked for investing in cannabis company. that's not really your money. if i want to send money to -- why am i sending them money, what is it going -- doing, i have to give them a call, right? it's not truly your money. your money is your money when you control it, and you decide who to send it, and you can send it within seconds. and in the digital world that we're living in which is very

different from the ancient world where you could carry gold with you, that doesn't make any sense. i just went to mexico two days ago, now in europe, doesn't mean i carry gold with me wherever i go. so what's the better option than banks and annual fees? it's bitcoin. the reason why there's demand is because more and more people are understanding this is a better form of transferring value. it's a better form of storing value -- stuart: $16,000. it's $16,000 now. what do you think bitcoin is by the end of this year? give me a forecast. >> i can't el you the future. i can only tell you the best way to predict the future so to go build it. i am working on bitcoin every day. thest people i know in the world are working on crypto right now. stuart: okay. well, it's in turmoil, and that's a fact. >> -- back to the people. stuart: thanks very much for being on the show. i know you lost money, but you told us about it, and we

appreciate that. thank you very much. back to the stock market. show mow the dow -- show me the dow 30. pretty much an even split between winners and losers. the dow is up 30 points, that's it. a homeless man quos on a stabbing rampage inside a target store. police say he attacked his victims at random. one of them was 9 years old. the report from los angeles next. ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. - my name is deven schei

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stuart: the mayor of chicago is lori lightfoot, and she's being criticized and laughed at for her new ad campaign. or campaign ad. roll it. no, actually, ash, what have you got for me, ash? sorry. [laughter] ashley: you almost got me. mayor lightfoot's campaign being ridiculed on twitter, as you say, stu. the ad shows two with men watching news about a plan launched by the mayor with that would create thousands of jobs, all right? watch this. >> has lightfoot done anything? >> given the mess she was difficult, lori's delivering. and she was cool during covid. [background sounds] >> hey. [laughter] >> did you order thousands of new jobs and a pepperoni? >> told you she delivers. ♪

ashley: yeah. people took to twitter to share reactions, some calling it cringe-worthy, insulting, others played into the delivery joke calling lightingfoot a grubhub mayor. others talked about her failure to make the city safe. and one critic said the fact that she didn't pick sausage, peppers and on ons shows how out of touch she is with chicago. stuart: can't win with an ad like that, i guess that's the way it is. [laughter] target or reported a very weak outlook for the holiday season. it's also seen a sharp increase in shrinkage which is also known as shoplifting. its annual loss is now $2 the billion. the stock's down 12%. and then we have a target store in los angeles, it's become the scene of a gruesome crime. a homeless man accused of stabbing two people with a knife he picked up inside the store. jonathan hunt in los angeles. what happened to the attacker? >> reporter: stu, it was a shopping trip that turned into a

terrifying few innocents inside -- minutes inside that target store in downtown l.a. it was just after 6:20 last night when, according to police, a homeless man walked into the target the, grabbed a knife from a shelf and approached a 9-year-old boy saying repeatedly he was going to kill him. >> the young child attempted to flee and leave, ignore him, move away. when suspect, without any further provocation, suddenly attacked and stabbed this young child in the back, deep laceration on his left shoulder. >> reporter: the awe attacker then targeted a 25-year-old woman. >> some good samaritan, again, came to her aid, rescued her, pulled her inside a nearby pharmacy and closed the gate in an effort to insure that the attack would not continue. >> reporter: after that, the attacker apparently moved towards the front of the store where where an armed security guard stepped in.

>> he was apparently trying to caring, he was being irrational and he was, you know, had his knife, and he was being very aggressive like he was going to stab him. >> reporter: as the man moved towards him still holding the knife, the security or guard fired, hitting the attack or in the stomach and killing him. both victims, thankfully, survived. the 9-year-old boy, we're told, stu, is in stable condition. the 25-year-old woman was listed this morning as in, quote, critical but guarded condition. terrifying moments in that target store though, stu. stuart: yes, indeed. jonathan hunt, thank you very much. staying in los angeles, actress denise richards says she was of the victim9 of a road rage shooting. richards and her husband who were on their a way to a film set when another driver shot their car and then drove away. no one was hurt. crime in los angeles. the wednesday triwhat question is this: who is the only president to win a pulitzer

prize? andrew johnson, theodore roos are svelte, john kennedy, jimmy carter? the answer is next. ♪ ♪ a must in your medicine cabinet! less sick days! cold coming on? zicam is the number one cold shortening brand! highly recommend it! zifans love zicam's unique zinc formula. it shortens colds! zicam. zinc that cold! . . internet solutions nationwide.

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why a medicare supplement plan from a company like humana just might be the answer. my father didn't know his dad. she knew that i always want to know more about my family history. with ancestry i dug and dug until i found some information. i was able to find out more than just a name. and then you add it to the tree. i found ship manifests. birth certificate. wow. look at your dad. i love it so much to know where my father work, where he grew up? it's like you discover a new family member. it's the greatest gift. now on sale at ancestry. stuart: well we did ask, do you know who is the only president to win a pulitzer prize? tepper you're first to guess. >> let's two with teddy roosevelt, number two. stuart: number two from tepper. ash, what you got. >> let's go with jfk, number

three. stuart: i will go with jimmy carter, number four. you got it right, ash. kennedy in 1957, kennedy won the pulitzer prize buying graph of book profiles in courage. i read that book. i didn't realize he got a pulitzer. at that time he was only a senator, not president at that point. tepper thanks for being with us for the hour. ash, see you soon. the market, a 50 point gain for the dow but nasdaq i'm afraid is taking it on the chin. it is down 140 points. that is one 1/4%. not much movement for the s&p. i got to figure that big tech is down today if the nasdaq is down so much. i believe that is accurate. microsoft's down. david asman in for neil cavuto toda