>> it will be the people of the republican party who will decide who their nominee is for 2024. trump still remains a very popular candidate. people are very low call to him -- loyal to him.

it is a very long process and, guess what? we're still in 022. >> let free market capitalism prevail. open the spigots. cut inflation, grow the economy from the supply side. this is nutty, nutty stuff. >> they have a culture problem at disney corporate. you know the saying, you go woke, your stock price goes up in smoke. >> we do think we're going to slip into a recession late this year, early next year. it's probably going to last until the middle of next year, june, july, august. >> jobs numbers start to roll over, that's when we start to see you know what hit the fan. just watch those numbers, because that's going to be the key. ♪ good, good, good vibrations ♪ ashley: so hard not to sing along with "good vibrations" on this tuesday morning, the beach boys. how about that? a wonderful picture of new york city mt. sunshine. it is 11 a.m. on the east coast,

tuesday, november 22nd. i'm ashley webster in for stuart varney. there you have it, we've been ud briefly negative a little earlier, but now we're all up, the dow up 280 points, the s&p up three-quarters of a percent. take a look at those big tech names, see how they're doing this morning. generally on the upside. alphabet on the downside by a tenth of a puerto percent -- a tenth of a percent. take a look at the 10-year treasury yield, that's been dropping as well, and it's down 3.78% moving many that same range, down 4.7 basis points right now. now to this story, a few oped ed in "the hill" claims trump may not make it to the primaries, and it goes to say a year from now trump might be far enough behind desantis that quitting will be the only way to avoid losing. jason chaffetz with me now. good morning to you, jason. do you think, do you think trump

would drop out of the primaries if the polls showed him lagging behind desantis? >> i think anybody who underestimates donald trump is just setting themself up for a huge loss. [laughter] look, there's nobody that thought that donald trump was going to win in 2016. nobody was placing that bet. ashley: right. >> but you know what? he did, and he won in a big way. so as the former president, he had a massive amount of votes, or he's still wildly popular. and, you know, i i think the country right now, ashley, is just a little bit tired of politics. just take a break and say can we revisit this after the first of the year? let's watch the world cup, get together for the holiday, watch the nfl, and let's talk about this come january. ashley: yes. [laugher] but you know what's interesting though, jason -- and, yes, i'm right there with you on that sentiment. but there are a lot of, you

know, higher profile republicans past and present who have said, look, donald trump is going to risk ripping the gop apart and that he should step back, he's had his time, and let the new leadership of the party -- whoever that a may be, probably that person should be allowed to lead with donald trump on the sidelines cheering him on. is that likely? i don't think so, but that's what a lot of people are saying. >> i think the republicans understand that whoever the nominee is, they will be the next president of the united states. you know, the challenges are different for the republicans than democrats. democrats don't have a bench. they've got kamala harris sitting in the wings, and nobody thinks she's even able to arctic elate a sentence. her world salads are -- word salads are incomprehensible. we actually have a bench. you start talking about donald trump and ron desantis and kristi noem and senator tim

scott, you know, youngkin, governor youngkin. you go down to nikki haley, we've got a lot of people that are actually viable. ashley: yep. >> and people like ron desantis, who actually gets to govern and actually be in the job and people can see him being a leader, i do think have an advantage of some of those that maybe aren't in office that are scrambling for relevance and, hey, how do i get on television and remind people that they, too, are leaders. they have a different formula to get to the finish line. ashley: right. one more for you jason. both parties bracing for gridlock next year, we know that. my question is, will anything get done in this congress? >> well, the biggest worry should be the lame duck. the concern is that the democrats are going to take these next little bit. it is the formula of nancy pelosi to wait until, like, december # 3rd and then -- 23rd and then pass out a multitrillion dollar bill.

that's the biggest concern i think that's right there on our plate. and you know what? i i was 8 years in congress when barack obama was president. -terribly frustrating. -- it was terribly frustrating. but if we can get to regular order, i know it's talked about a lot, but it's not often done, that's the big challenge. can we actually have a process that will yield something that actually will end up being bipartisan if it was allowed to actually go through the process as it was set up by the 1972 budget act. but only one time since 1972 have we actually done that. it was the one year, coincidentally, ashley, that the budget actually balanced. so the process will work if given a chance. ashley: well, perhaps the best way is to just try and get a stopgap measure until next year when gop can at least rein in the scope and the breadth of the amount of spending. maybe that is the best outcome. >> yeah. spending is so out of control. ashley: yeah.

[laughter] i think that says it all right there. jason chaffetz, always great to talk to you, jason. enjoy the world cup. don't think about politics. think about world cup, american football, world football and turkey. that's what we're going to concentrate on this week. >> very good, thank you. ashley: jason chaffetz, thank you so much. very good. let's get back to the markets, bring in our good friend, mike murphy. mike, we got some strong retail earnings this morning. the resill yens of the consumer is really quite remarkable. does this mean the fed goes higher for longer? i mean, if we're going to read the tea leaves, is that what it means? >> good morning, ash, great to see you. ashley: yeah. >> that's the question. i think right now the markets are looking at this as a positive. you see a lot of retail names moving higher after strong earnings. but really you wonder what the fed's thinking about this. you know, if the consumer is still strong, does the fed believe that they can continue to raise -- hike rates at the same pace or even a faster pace,

which would be mega. so -- would be negative. right now it's a positive, so we're back to this topsy-turvy world where is good news bad news or bad news good news? i want to get back to a strong u.s. economy, strong corporate earnings equals strong stock market. we'll get there, i'm just not sure if we're there yet. ashley: and with that in mind, do you park your money for now or -- i mean, how do you like the val auations here, and are there some really tempting sectors or perhaps individual stocks that you like? >> you know, ash, i think a mistake that a lot of individual investors have made in this pullback in the market is trying to pick bottoms in a lot of stocks that were a lot higher. so i'd prefer that people do as i'm doing with my money. i continue to invest in the market, in the broad market, in the s&p 500. so that's -- i've invested higher than here, i've invested right here at these levels, and i've invested lower than here. so really over, if you look back

over the last 100 years, the market tends to perform. so rather than trying to pick what's going to turn next or whether energy's going to outperform technology over the course of the next month or six months, i'd rather people put their money to work and then let it work for them, you know? if because the economy will work its way out. the fed will not raise rates forever, and when they stop, you're going to see new highs in the market. ashley: very quickly, just your thoughts on what's been going on at disney. turning it around, is the hope of investors after a rough period under bob chain ec. -- chapek. >> i think to sum it up, ashley, i would say woke corporate leadership -- ashley: yeah. >> -- you know, you have investors out there. you need to perform for your investors, and following a woke strategy has never worked, and it never will work mt. united states. in the united states. ashley: yeah, i think you're right. i think the board at disney certainly recognize that now, bob iger back in charge.

mike murphy, great stuff, as always. great to see you, sir. come back in, lauren. you're looking at some other movers this morning. let's begin with zoom. lauren: they're down today to the tune of almost 7%. but i think from their pandemic high they're down 90%. that tells the real story. zoom was a verb, it was a lifeline for all of us, right? now it's back to normal, and zoom has been forced to cut its annual sales outlook and at least six brokerages are cutting their price targets on the stock today. flip it to dollar tree. this stock was up earlier, now it's down 9%. what happened to all those value-seeking shoppers? well, they're still seeking value. the stock has turned south because dollar tree said it expects its full-year profits to come in in the lower half of its previous guidance. and a reason for that is people are trading down. so you might go in to dollar tree to buy a consumable. he was lower margins, and that hits the -- they have lower margins, and that hits the

profits of dollar tree. finally, caterpillar is up about 1.7%, unveiling their first battery mining prototype, rio tinto is likely one of the first customers to receive anytime 2024. ashley: all right, very good elon musk's wealth, well, we know it's taken a huge hit this year, but how big a hit? lauren: the loss is over $100 billion. so that puts -- [laughter] ashley: wow. land. lauren: -- his net worth as of yesterday, $170 billion. that's it for the world's richest human being per bloomberg. can you imagine that in one year's time? ashley: no. lauren: the reason is obvious. it's tied to tesla. tesla shares are down more than 50% this year. he holds about a 15% stake. ashley: so he has to try and carry on with $170 billion. oh, well. lauren: honestly, i truly believe this doesn't faze him

whatsoever. ashley: i think you're shul right.. -- absolutely right. that is elon musk. great stuff. now, it's been nearly two years since new york legalized recreational pot, but they only started handing out licenses to sell the drug yesterday. we're going to see the big holdup. by the way, while you're sitting down for thanksgiving dinner, protesters will gather for a day of mourning at plymouth rock. they want to, quote, shatter the untrue image of the pilgrims. we're on that story. the former ceo and cofounder of tripwire lost his job days after posting a pro-life tweet. john gibson says this type of cancel culture is social terrorism, and mr. gibson joins me next. ♪ hey, you, get off of my cloud ♪ when you're through with powering through, it's time for theraflu hot liquid medicine.

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♪ ♪ hand me down my walking cane, hand me down my hat. ♪ hurry now and don't be late -- ashley: love this song. you're taking a look at capitol hill. 44 degrees. it's the rubber band man, okay, prosecute spinners. now, former white house press secretary jen psaki was ordered to sit for a deposition. which lawsuit is this one for, lauren? lauren: alleged collusion with big tech to censor free speech. this suit was brought by two republican attorneys general. they allege that big tech censored content under guise of combating misinformation. in areas including covid and election integrity. fbi officials, dr. anthony fauci and, yes, jen psaki will be

deposed. psaki tried to get out of her deposition, but a federal judge in louisiana refused to squash the subpoena. so she'll be deposed. ashley: got it. all right, very good, lauren. thank you. now this story the, john gibson was the ceo of tripwire. that's a video company that, by the way, he cofounded. then last year he made this tweet which read: proud of the u.s. supreme court affirming the texas law banning abortion for babies with a heartbeat. as an entertainer, i don't get -- with so many voc peers on the ore side of this issue, i felt it was important to go on the record as a pro-life game developer. innocent enough, right? well, because of that tweet, he lost his job. remarkable. john joins me now. john, tell us your story. take us back to that moment and right up to where you're at right now. >> yeah. so september of last year i put out that tweet on my personal twitter account, and after that

it caused sort of a social media firestorm and then the gaming press picked up on it and the mainstream press picked up on it and a lot of negative coverage, a lot of threats of boycotts of the company. and that, you know, was -- it was terrifying. it was very scary to have that kind of heat on the company. and at that time, we didn't know what was going to happen, are we going to lose all of our game sales or are things going to just fall apart. so, and that's really what the social terrorists want. they want to shock you, they want to get you scared, they want to have you make decisions really quickly and do things that aren't really well thought out. so because of that, i had to step down from my role as ceo, and eventually we had to sell the company. this was something that -- ashley: oh, my goodness. >> yes. this was something that me and a group of friends started 17, 18

years ago, and it grew into this successful company that sold games, you know, tenses of millions of games -- tens of millions of games all over the world, and we had an incredible development environment, an incredible workplace that was very diverse. but some of the employees decided that they just would ott not work -- not work with someone that had a different political viewpoint than hem, and they applied at lot of pressure -- ashley: yeah. and, john, that's pathetic, let's be honest. this is a country that's based on free speech. and just because you don't believe what someone else believes, it gives you no right to shut them down. you're the victim of cancel culture. i mean, are you surprised at how far thing got out of control? >> oh, absolutely. i had posted things on my twitter before, some political things, and i'd get a few thumbs up and a few thumbs down, and i never thought it would go this far. i never thought i would live in a country where people with

different political viewpoints just can't work peacefully together. and that's really why i'm speaking out, is i really want to shine a light on the human cost, you know? i lost everything that i worked for. i spent 25 years of my life crafting the skill of making vid i owe games, and i lost that. and i went through 13 months of hell because of that. and i just want, i want to put the message out there, let's get to the point where we can work together. let's get to the point where we can peacefully coexist and discuss our ideas freely rather than trying to silence the other side. ashley: amen to that. and quickly, john, what are you doing now? >> now i'm taking a little time off of to figure out what i'm going to do next. i might start another video game studio. my wife and i just love to do charitable work, so we're focusing on that. maybe starting a car company. some people are saying i should get into politics. i don't know. just going to take a little bit of time off and figure out,

figure out what's next. ashley: well, you know, politics might be good, john. you make a very good case. you've been the victim of absolutely ridiculous cancel culture as they call it. i think your term, social terrorism, is absolutely right. not only do they not want you to speak out, they want to blitz rate you, eviscerate you which is absolutely -- it's so un-american, it's not even funmy. >> absolutely. ashley: all right. john gibson, thank you so much for taking the time to share your frightening story with us s and we wish you the very best of luck in the future. i'm sorry you had to go through something so horrible but, again, best of luck to you, sir. >> thank you, i appreciate it. ashley: all right. john gibson. what a remarkable story. terrible. all right. the texas banking start-up glorify is set to shut down and, lauren, isn't that the anti-woke bank that peter thiel funded? lauren: absolutely. it also had investors like vivek

ram swam ramaswamy who's often on this program. glorify debuted two with months ago, founded in texas, conservative banking site. i'd say anti-esg, anti-woke. and the "wall street journal" now reporting that it is shutting down just two months later and laying off most of its employees. look, i'm not sure the conservative approach was the demise here, more like some negative press. the founder drinking on the job, reportedly, making staff work out of his home, awkward. and then problems that typical start-ups face especially in an economic downturn. so in the end, they just didn't have the ability to secure the funding that was necessary. ashley: okay. i got another one for you, lauren. what's this about a thanksgiving protest the at plymouth rock? lauren: uh-huh. it is called the national day of mourning. it happens on thanksgiving thursday. so activists are protesting racism and opposition of

indigenous communities and, i'm quoting, the destruction of the earth that the pilgrims and european settlers brought. this protest, which you'll see on thanksgiving, started back in 1970. ashley: all right. we'll leave it there. lauren, thank you very much. let's take a look at these markets, if we can. we lost a little bit in yesterday's session. raiding some -- trading volume light, as you would imagine on a holiday-shortened week, but the dow is up 270 points, the s&p also up about three-quarters of a percent, so some buying going on today. all right, now take a look at. a fisherman just reeled in what could be the largest goldfish on the planet. that's right, i said goldfish. oh, my god, is that real? we're going to tell you how much goldie weighed and what the fisherman did with his catch of the day. is that photoshopped? come on. the chinese police setting up service stations around the world including new york city. they're accused of spying on

people and forcibly returning them to china. strange story, it's next. ♪ you can't escape my eye. ♪ private eyes, they're watching you. ♪ they see your every move ♪ and i'm going to tell you

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muck all that glitters is gold. ♪ only shooting stars break the mold ♪ ashley: smashmouth, right? you're taking a look at paris, france, the eiffel tower. the beam of light. what a great shot that is. as the evening gathers in paris. but i want you to take a look at this, it's kind of disturbing. a fish orman catches a -- fisherman catches a massive 67-pound goldfish. it's real. the fish is known to locals as the carrot. it was released into a lake in france, apparently given steroids every day. that was 20 years ago. it's only been caught a few times, and after some pictures, here's the story, the fisherman threw it back. so the carrot lives on, but that is just with, that's just wrong. a bit disturbing, is it not? can you imagine the size of the tank you'd need if you had that

goldfish in your hands? check the markets, why don't we do that. look at that face, only a mother could love. dow jones up 283 points, nasdaq up half a percent, s&p up three-quarters of a percent. not bad. the retail sector doing better today and also the energy sector after the sakis said -- saudis said we're not going to boost production. so there you go. let's bring in susan. she's been keeping an eye on the markets this morning. susan, meta rallying. why is that? susan: well, i hope they don't eat that goldfish and they throw are it back in or it goes into a really large aquarium somewhere. [laughter] i want to show you meta, because we just got a denial from meta, formerly known as facebook, that this news, report in a small publication called "the leak" is false. we kid see meta and facebook rallying. the a volume -- it was a volume spike reporting that mark zuckerberg might be resigning next year. meta has come out to say that is not right, that's not true, and

that's also what i'm hearing from my sources in silicon valley as well. it is important to know that we do have meta down 67% this year, and mark zuckerberg himself has super voting rights meaning he has over 50% of the voting shares, so he can never be fired. the only way he steps away is if he decides to resign himself. this gives me a good opportunity to contrast that with elon musk and tesla. and one reason elon musk is so well respected amongst his peers is his refusal to issue super voting shares, meaning it's one share, one vote. not like meta which gives zuck over 50% of the voting rights despite the fact he only owns about 13% of the outstanding shares. still a big chunk, sure, but musk owns a little bit under 20% in tesla. so that means with no super voting rights for musk, he says and he's so transparent to his shareholders and stakeholders and to his board is that if i'm

not doing a good job, if you don't think you should be ceo, you can kick me out because i own less than 20%. now, that makes up the majority of his wealth which is still roughly around $180 billion or so, but that is exactly why he is so beloved and respected especially among the venture capital crowd in silicon valley. i wanted to show you some crypto action because there's big action today in cryptocurrency. bitcoin, yes, we hit a 2-year low, sub-16,000. 1.4 trillion loss in the markets. but cryptotoe and gdpc and the big gray scale trusts, they are rallying today. coinbase hit a record elope yesterday, back up, so there might be some relief that maybe the parent company of those gray scale trusts which is called dcg had to plug a billion dollar hole in its sister lending company called genesis which warned last night that it might be going bankrupt since they've been having a hard time raising that billion dollars.

i think there's some relief that there doesn't have to be this cross-funding between subsidiaries. because there was some distrust especially with the ftx issues. ashley: oh, yes. but some buying in the crypto sector. susan, thank you very much. i want to get on to this story because it's really strange. china's government has apparently set up police stations in cities across the world, can they do that? well, bryan llenas is in new york city. bryan, you're outside one of these so-called stations. what are they for? >> reporter: ashley, or well, look, the chinese government says that it actually is not a station. they say this building behind me is the american shunning lieu what association, a nonprofit blacklisted by the i are rs dedicated to helping chinese nationals with bureaucratic affairs like renewing driver's licenses. but the human rights organization safeguard defenders says, no, it's actually a so-called chinese police service station set up in new york city's chinatown.

it's allegedly used by the communist regime to spy on and threaten chinese dissidents to persuade them to go back to china. there are reportedly at least 54 chinese police service stations in major cities in dozens of countries, at least 14 countries have now launched investigations. >> the transnational activities by the prc are very widespread, far-growing. and when it comes to these particular campaigns of persuading people to return so against their will, forcing them to return to china through fully illegal means. >> reporter: republicans, including florida representative michael waltz, wrote two letters to the secretary of state and to the attorney general demanding an investigation from the biden administration. the fbi director, christopher wray, says they are investigating. >> i can tell you from the fbi director perspective, i'm deeply concerned about this, and i'm

not going to just let it lie. >> this is part of a massive operation on the part of chairman xi to put their story forward. and part of his program to replace the united states as a global superpower. we need to wake up as a country. the administration needs to take stronger action. >> reporter: three men inside of this building denied to us that they are a police station and said that they are not many contact with the chinese government. more to come on this story, for sure, ashley. ashley: yeah, very interesting and a bit weird, to be honest with you. bryan llenas, great job explaining it. thanks so much. [laughter] now this, our next guest wrote with an op-ed entitled, a diverse thanksgiving without affirmative action. well, or bill mcgurn wrote that, and he joins me now. great to see you, bill. you claim that this fight for merit-base admittance has a direct connection to thanksgiving. so make your case. >> yeah. well, i talked to a bunch of asian-americans in northern

virginia who are fighting to restore merit to the entrance system at thomas jefferson high school. it's like the harvard and jail case -- yale cases, right? and they're all celebrating thanksgiving in their own ways. they have local recipes. i mean, look at this show. you and susan bring special things to your thanksgiving table. that's great. ashley: yep. >> there's diversity. diversity is not con fined to -- confined to affirmative action forcing outcomes x. these people are very proud to be american, and they, they're very troubled by the racial preferences that they see not only because it discriminates against them largely in education, but because they see it as eroding the thing that attracted them to america in the first place. ashley: so what's behind this, bill?

who, what? i mean, is this just wokeness? i'm not sure how it came about. >> yes. yes. they don't like the outcome. this thomas jefferson high school in fairfax county has been the best high school in the country for several years. it used to be that you got in because of one single exam, merit, race-blind. but in 2020 in the name of diversity and equity, the school board changed that. and lo and behold, all of a sudden a lot fewer asian-americans got in. it's really unfair, and these people, you know, want to preserve their school and the excellence that it has, and they don't believe that america should be counting people by race, divvying up the spoils. ashley: right. right. yeah, they should be, you know, judged on their performance academically. we're going to have to leave it right there, bill, but i'm glad

we got that in and to make your case. happy thanksgiving -- >> oh, okay. happy thanksgiving, ash. ashley: thanks, bill. talking about thanksgiving, the dinner, of course, is going to cost about 20% more this year than it did last year. the usda blaming russia, of course, for the price hikes. we'll explain. it's russia for everything, right? police are cracking down on people driving under the influence of marijuana. madison alworth takes us on a police ride-along in new jersey next. ♪ pleasure i see a brand new horizon ♪ ♪ i see trouble on the way ♪ thinkorswim® by td ameritrade is more than a trading platform.

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♪ 'cuz she's so high, high above me, she's so lovely ♪ ashley: you are taking a look at eugene, oregon. the atypical, i guess -- or not

typical, cloudy today there. 45 degrees. now this, the governor of oregon, kate brown, has pardoned more than 45,000 people for past marijuana possession offenses. the pardon applies to convictions before 2016 for possession of an ounce or less of marijuana and the person involved was 21 or older. this, by the way, will forgive more than $14 million in fines and fees that are a linked to prior offenses. all right, now this: police cracking down on people driving while high. madison alworth in emergency this morning. madison, you're on a ride-along with police. i guess the question is how can they determine if a person is too high to drive? >> reporter: so, ashley, what they're going to do is a field sobriety test, and. then if that person is impaired but is not showing as a alcohol, they come to a drug recognition expert like sergeant shane temple here

who we've been riding around with this morning. he's going to focus on driving, but we're going to run lu some questions. ashley asked, what do you look for? first, they blow a 0, so there might be some sort of drug. how do you know if this person is driving while high on marijuana compared to maybe a different drug? >> like you said, first we get that 0.0 blood alcohol level meaning it's something else. then we run them through a series of tests, 12 standardized tests that we are expensive -- extensively trained to run through. and there are some things that are unique to cannabis. one of the biggest by-products of being high on cannabis is you cannot multitask. so the psycho-physical tests are very indicative that you may be high on marijuana. you see rebound dilation which is almost exclusive to cannabis alone. so when you go through those 12 steps and put it all together, it comes out very obvious that somebody's high on cannabis. >> 12 steps, very obvious because you had the training,

but the reality is where there's a standard test, breathalyzer, .08, you don't have the same for marijuana. what challenge does that present for the police force when it comes to identifying someone who's driving high? >> right. you summed up the challenge perfectly. without being able to just say, hey, here, i blow into this tube, it's going to tell me your level, there's no just easy way to do it. i have to come in and do whole evaluation, and then i have to prove it in court. it's not as cut and dried as a violation, hey, you're above .08, you're a dwi doll alcohol. there is case law, there have been cases in the courts that validate us and make it so that dres are scientificically reliable and able to testify. >> reporter: okay, one last thing quickly, this 12-step test is technically voluntary. tell me about the difference between if someone has a license and with the breathalyzer, you know? we're seeing legalization of marijuana spread across the country, but it seems legally it

hasn't been as fast. >> right. so when you get a driver's license, you sign something called implied consent stating you will provide samples of your breath to see if you're under the influence of alcohol. that's not the same when it comes to narcotics and drugs and cannabis. there is no implied consent for dre. it would benefit the motoring public, us, law enforcement as a whole, to include a dre evaluation on that implied consent because as of right now, it's voluntary. if the person doesn't want to consent to getting this done, we have to rely on what bobs vegases remain up to that point. >> reporter: right. sergeant, thank you so much. the reality is now police forces are learning more about what to look for. they've been training in this, and with the thanksgiving holiday, ashley, you're looking out for drunk drivers and also high drivers, something that families should be thinking about ahead of this holiday. ashley: exactly. madison, and thank sergeant temple for us as well for taking the time to drive us around.

appreciate it, thank you. by the way, new york has approved their first batch of licenses for recreational marijuana dispensaries. how many in the first group, lauren? lauren: 36. but the pool, 903 applicants. mostly people previously convicted of cannabis-related offenses. so new yorkers have their first retail locations for recreational legal marijuana in operation soon, by the end of year. 21 states and d.c. have now approved legal recreational marijuana, ash. ashley: okay. lauren, thank you. let's take a look at the dow 30 stocks, if we can, just to get a sense of the markets. we've been pretty much on the upside since the opening bell, and you can see almost -- the majority, 27 of the 30 stocks on the upside. only walt disney, amgen and 3m dragging a little bit. but home depot down, chevron at the very top. the dow itself up 260 points. all right, a man who owns 43 restaurant restaurants across

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ashley: all right, now this: the county of agriculture says the price of your thanksgiving meal is going to be 20% higher this year compared to last year, so who are they blaming, lauren? lauren: take a guess. putin and russia. they say the war in ukraine -- ashley: of course. lauren: -- is one reason why it costs 20 the % more this year and being the most expensive thanksgiving dinner on record. $64 for a a part of 10. party of so -- party of 10. the stuffing is up 69% from last year. okay, fine, ukraine is a major grain exporter, i get it there's also avian flu, i get that too. but, ashley, the war didn't

start until late february, and january inflation was running at 7.5%. food has become so expensive that many americans are actually saying on thursday we're going to order pizza, it's cheaper, or we're going to go out to eat because, yes, food away from home is expensive, but it's rising at a slower pace than food cooked at home, and then you don't have to clean up. ashley: right. lauren: so inflation's throwing our thanksgiving traditions out the door. i mean, it really is if you're ordering a pizza. ashley: yeah, they certainly are. yeah, yeah. that says it all, doesn't it? lauren, thank you. i want to bring in cameron mitchell now. he owns 43 restaurants across the country. cameron, thanks for joining us. you've been forced to hike prices like so many other restaurants, but by how much? >> well, we typically take 2% price increase every 6 months. we've done that for years. these past year and a half we've taken 4% every 6 months until

this latest price increase we took going 2%. we feel like our guests are pretty much at their limit right now, and even with those, that higher pricing with the cost of goods, you know, up 10-12%, labor up 13%, now we have interest rates up, it is very, very challenging in our business today. ashley: and, you know, on top of all of this you have labor costs, right? a lot of businesses have trouble getting workers. you say that's not so much the problem, but the workers you have, they're becoming a lot more expensive, right? >> well, it's a combination of both. we're about staffed pre-covid, we're about 95% staffed. so, but it's very challenging to find those workers. and with that little bit of shortage we have, we're paying a lot of additional overtime on top of higher labor rates. ashley: you've been in the business 4 # years i think i read -- 42 years i think i read.

have you seen anything like this? >> no, this is the worst environment i've ever worked in including the great recession, 9/11 and other recessions along the way. this one is the worst, and, you know, i fear going forward next year if guests will start to wane, our guest counts will start to wane, additional interest rate hikes. and if inflation doesn't ebb soon, it's going to be very challenging. i've talked to a number of our purveyors and a number of their smaller independent restaurants are now struggling to pay their bills on time. i really feel for our independents, the smaller restaurants that maybe do not have the pricing power that we do. i think we'll see a wave of closures of those restaurant thes here. they're holding on to get through the holidays and into new year's. so we'll see what happens in the first quarter of next year. ashley: and, you know, cameron, you mentioned, you know, the consumers are at their limit. quickly, are they tipping less, for instance? >> no, i don't think they're tipping less, but we're starting

to see just a little bit of decrease in demand. the one bright spot -- ashley: yeah. >> -- is last year, december, covid was very active, and we got a tremendous amount of cancellations. our business large party bookings are unfairly significant this december. so we're still expecting a good december. but again, we'll see where we end up and how we look into next year with. very concerned about next year. ashley: we wish you -- yeah, i'm sure you are. we wish you the very best of luck. thank you for taking the time to chat with us, cameron mitchell. >> my pleasure. thank you. ashley: thank you, yes. time for the tuesday trivia question. it's a good one. which of the following was not served at the first thanksgiving? if the turkey, venison, duck or goose? think about it, the answer is next. ♪ ♪

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♪ ashley: which of the following was not served at the first thanksgiving? it was a good question. lauren, take a guess. lauren: i'm going to go with venison. venison was not served at the first thanksgiving. ashley: i was going to go with duck, but we're both wrong. the answer is turkey. lauren: that was my second guess. ashley: turkey. it was a trick question. lauren: i knew the answer to -- >> i can't believe it, turkey wasn't there at the first thanksgiving? that's incredible. ashley: i know, right? david: that's a great trivia question. thank you very much, ash