>> that having the senate controlled by one party and the house controlled by the ore is actually a good thing for stocks. >> that the fed is e staying true to their word, that they would rather overtighten and before risk having inflation spike again. i would think the economy will be worse next year. we think the stock market itself will be better. >> optimistic about the short term but very fearful of what we

see coming a couple of weeks from now, that we could see things cool off. >> price caps absolutely do not work. in fact, many tiles, ashley, they have the exact opposite effect, right? when prices start or to surge, that's usually when you need the oil. and if you have a price gap in place, that's going to restrict supply, and you could have shortages. the g7 should know better. ♪ ♪ ashley: just love that. cannot not think of chevy chase, the thanksgiving movie. why not? look at that lovely, festive scene in midtown manhattan. it's 11 a.m. on east coast, november 23rd. hello, everyone, i'm ashley webster. the dow up about a quarter percent, the s&p up a half

percent and the nasdaq more than 1% after gaining more than that in yesterday's session. let's take a look at the big tech names, we follow them. all on the upward side. alphabet, amazon, meta, microsoft if all moving higher. let's take a look at the 10 is-year treasury yield, has so much energy these days. the yield of 3.782%. all right, now this: there are new calls for homeland security secretary alejandro mayorkas to resign over the border crisis. listen to this. >> -- calling on the secretary to resign. he cannot and must not remain in that position. if secretary mayorkas does not resign, house republicans will investigate every order, every action and every failure will

determine whether we can begin impeachment inquiry. ashley: well, sean duffy joins me now. great to see you, sean. look, i'm going to go out on a limb here. mayorkas isn't going to resign, so that, according to the gop, must lead to impeachment. what say you? >> i think you're right, he's in the going to resign. and again, by any objective standard, ashley, you look at what's happened at the southern border, and it's an utter failure. listen, we have millions of people coming into the country. some of them we mow who her, many we don't know who they are, many want to do us harm, many are criminals. so i think the question becomes for this administration, number one, is this what they actually want? do they want to have an open southern border, a where where people can come and go as they please, america isn't really america? kevin mccarthy and republicans don't believe that's the way america should conduct itself.

as they investigate mayorkas, they're going to come to the conclusion that a he has to go, and they'll start impeachment proceedings. that can start in the house, probably not going to be successful in the senate to have him removed, but i i think the attention that's drawn to the utter failure of the administration and mayorkas is worthy of the impeachment process. ashley: and even more egregious, sean, is the fact that he continues to see there's nothing, you know, there is no crisis at the border s and he blames fox for showing video every day. but fox just basically reports exactly what is happening every day. i just don't know how he can think that he can get away with lying. >> yeah, i mean, listen, he said the border is secure. he's absolutely lying to the american people. fox doesn't have to make fake footage of the southern border. bill melugin puts up a drone, pulls out a camera and records it. ashley: yes. >> just because fox records and reports and no one else shows up doesn't mean it's false. but there's another point too,

ashley. kevin mccarthy is doing a great job over the last couple weeks to say, listen, this is kind of speaker i'm going to be. he's had a couple naysayers in the house, a couple members saying they're not going to vote for him. when you look at the agenda he's laying out,st going to be harder for those whether it's andy biggs or matt gaetz who say they're not going to vote for them, it's going to be hard to i say no especially when he's been so tough on the administration and the border, two issues these guys care about. ashley: gotta get to this, talk about cryptos. senator elizabeth warren says the ftx collapse should be a wake-up call. in a new op-ed ed she said: regulators must enforce the law before more people get cheated, and congress must plug the remaining holes in our regulatory structure before the next if crypto catastrophe take as down our economy. you know, sean, you're a crypto guy. is she right? do you think it needs more regulation? >> yeah, and i've said that for a long time, i think you want

smart regulation that protects consumers, investors but also allows for innovation. and, again, this is not banking, this is not the normal exchanges whether it's the nasdaq or new york. this is something a little bit different, and so i think congress does have to act to classify what these as assets are, who has regulatory authority and what that authority looks like. and often times this is a problem when i was there even, ashley. congress needs to step back and not do anything, well, this is their role, this is their job, and you can't fit a round peg into a square hole using bank regulation for crypto regulation. it's going to be something new, i don't know if pigs are flying on this thanksgiving that i'm agreeing with elizabeth warren -- [laughter] laugh and i've been saying smart regulation is what's appropriate here. and, you know, hopefully, the congress will get to it. and by the way, this is not a partisan issue. i mean, the regulation of crypto, the far lefties and far righties can come together in the congress to go this is a

growing space, blockchain technology's going to be here with us for a long time, let's figure out what the regulatory regime should look like, figure it out and hen give the authority to the cftc or the sec or whomever, create a new agency, but make it happen, congress. get off your duff. ashley: i've just written it down, the day before thanksgiving, 2032, sean duffy agreed with elizabeth warren. it is now in the record. sean, thank you so much for joining us today, we do appreciate it. >> happy thanksgiving. ashley: same to you. thank you very much. all right. we're getting a look at the $40 million penthouse where sam bankman-fried is spending his time in the bahamas. he's not exactly roughing it. come in, lauren are. he lives in a penthouse shaped like a yacht, right? lauren: yeah, you're looking at it. you see that oval-like structure? it's orchid penthouse number 6 of at the prestigious albany resort in the bahamas.

that's rooftop balcony, the pool, five bedrooms, seven behalf bathrooms. if you wanted to stay there, they have hotels, it would cost you $5100 per night. sam bankman-fried has a $40 million compound, i mean, it's a bunker essentially, right? sealed off by security guards, so he's got protection as 50 plus creditors are seeking money and over a million people are trying to get something out of his defunded company now. ashley: yeah. you know what? it's easy to buy a penthouse like that when you're using everybody else's money. that lauren i know. ashley: all right, lauren, thank you. very much. let's check the markets and bring in mike lee who joins us now. we are moving higher today. again, it's all been the volume trading, of course, light on this holiday week. but, mike, i guess my question to you, and good morning, do you think the rally can last, or are we setting ourselves up for another leg down before the end

of the year? >> you know, seasonality trading historically pushes you higher in towards the end of the year especially after a mid midterm election. so we could definitely see a few percentage points higher. but regardless of the recent strength in the market, you can't escape the inevitable. the inevitable is fourth quarter earnings at the end of june the estimate was for 9.1% growth. now the estimate's for a 2.1% decline. that's over a 10% correction. earnings estimates for 2023 are most likely way too high. housing is in a massive down trend, manufacturing, same down trend. two-thirds of global pmis are in contraction, the ism few orders have been in contraction in the u.s., so there's the a lot of problems here, and i think the fed is likely to be more aggressive than less aggressive. i think they're likely to go for longer than shorter because as the economy heads into recession next year, which i believe it

will, the tools for the fed to tighten become more limited. so if they don't really kill inflation now, they're going to have a very difficult time doing it later. so i don't know that this necessarily means stocks are going to correct 20 or 30%, i just think it's going to be hard for stocks to break out to new highs untilinflation's under control and until the economy can kind -- you know, these downward trends flatten or reverse themselves. ashley: right. well, and given all the headwinds that you just listed, mike, and again to emphasize the point you've been making, do you think the earnings estimates are too high? is it a bit pollyanna given everything that that we're facing? >> yeah, so i think that's going to be the story as we come into january, is earnings estimates continue to come lower and lower and lower. and i say these markets pushing higher is going to give more credibility to the theory that the money supply is too big. there's a lot of money and cash on the sidelines that the fed

needs to remove to finally kill inflation and get it back down to the 2% target. so, look, i don't necessarily think it's armageddon, i just think -- i would be cautious right now. and if you had some tech stocks that are really rallying hard, you've made a lot of money in the last couple months, you don't immediate to go all to cash, but take 5, 10, 15% off the table if you didn't like the motion in the ocean, and hopefully you get a chance to buy back cheaper next spring. ashley: very quickly, mike, if we do see another leg down, to your point, could there be some bargains in will? is it time of a little nibble? >> absolutely. this year's been a year where stocks take the escalator up, and the saying goes the elevator down, it's more like bungee jumping down. i'd will looking at the googles, the microsofts, the apples, the high quality companies that aren't going anywhere, that are most likely going to come back even stronger through the next

business cycle. ashley: very good. we got a lot in. mike lee, great stuff. thanks for joining us. >> thanks, ashley. ashley: thank you. all right, come back in here, lauren. you have some movers. john deere, the tractor people. lauren: largest farm if equipment company, up 7.33%. demand is strong here in the u.s. if they look at their order books going with out a year, they say they're 70% pull for construction equipment, think infrastructure spending. also ag equipment, you know, thanks to higher grain and soybean prices. tesla up too, citigroup upgrades them to neutral from sell, up 6.5% now. they give them a $176 price target. i know that's down from where they're at now, but that was an a increase from the prior target of 141, and they say if you look at the pullback this year which is down 51% per share, they say it's balanced out the near-term risk, and the stock is ready to rise again. apple shares are higher, but we're seeing videos online of

protests in china at that a major iphone 14 production factory, foxconn. they employ 200,000 workers. we're seeing video where you have workers trying to break out of the factory, trying to break out of the dorms, and they're being met by these men and women in protective gear. foxconn says the protests erupted, some of them did turn violent because the workers said their bonuses were delayed. but we're also hearing they don't want to get covid, ask they're being forced to work. you look at the lag time for iphone 14s, it's being extended because apple is dealing with situations like this over and over from that major foxconn factory. ashley: yeah, what a mess. lauren, thank you very much. now this, the tsa makes a disturbing discovery on one of the biggest travel days of the year. can you guess what someone -- that just looks very bizarre. can you guess what someone was

trying to hide in their luggage? maybe a cat scan would help. we've got the story. transportation secretary pete buttigieg says workers and unions must do whatever it takes to prevent a rail strike. if they don't, the strike could cost the economy up to $2 billion per day. the may mayor of new york city eric adams has ordered his third round of budget cuts for the year. we're going to have that story next. ♪ blame it on the night. ♪ don't blame it on me, don't blame it on me ♪ the first-ever all-electric chevy equinox ev. up to 300 miles of range on a full charge. and a starting price around $30,000. evs for everyone, everywhere. chevrolet.

♪ ashley: stirring music for you with, barbra streisand, don't rain on my parade. you're taking a look at sixth avenue in new york city, the macy's thanksgiving day parade, by the way, will roll down that very street tomorrow. but guess what? that's not the only place macy's is throwing a parade. they're also a going to have one in the metaverse and somewhere stuart varney is rolling his eyes. come in, lauren. lauren: my eye roll here too. ashley: okay. lauren: i don't get this, because you can watch the trade at 9:00 eastern on television as well as on the computer. if you go to macy's.com/nft. you don't need a ticket if you do so on on the computer, and

you don't need a vr headset. you don't even have to log on, you just go to that web site. you can sit home, you don't have to stand in a crowd, you avoid traffic and the cold worth. you can participate in, i guess, some voting on the balloons, etc., if you par partake in the online metaverse version, but the tv's just fine to me, it really is. ashley: yeah, me too. you get a front row seat -- we're all missing it, apparently, but we've let people know that it is happening. thank you. now this, the mayor of new york city eric adams, just ordered a new round of spending cuts, the third time since taking office earlier this year. joe borelli is the minority leader on the new york city council, and he joins us this morning. joe, look, the city is blaming the budget cuts on inflation and the migrant crisis. what say you? >> well, look, new york city is certainly facing inflation

problems and financial headwinds that every other municipality in the country is likely facing as well. but this migrant crisis is certainly putting a dent in our budget. our independent budget office says we've already spent about $600 million, and i think the mayor's estimate of a billion dollars is probably accurate. that's about 1% of our budget which doesn't seem like it should be that much, but when you factor in how much money is already spoken for on day one in terms of pension liabilities, debt servicing, you know, keeping the lights on in our schools, etc., 1% of our budget of discretionary spending is actually quite significant, and i'm not surprised the mayor is sort of stuck in this vise right now where he can't seem to find the spending necessary to make up the shortfall. ashley: does this hurt at all the effort to try and clamp down on crime which, of course, we've seen surge in the city? i mean, there would be concerns of budget cutting circumstances that perhaps that too could be

hurt. what say you? >> it will, it will partially because of politics. as it stands now, mayor adams is not trying to cut the nypd budget by that much. unfortunately, though, we have wildly left progressives in the city council and state legislature that are basically demanding he cut the nypd similar to the levels that the parks department are going to cut. of course, most rational people would be okay if the grass grows a little higher in the parks as long as people aren't getting pushed in front of subway trains. but we're governed by these radical far lefts who do have some say, unfortunately. ashley: wanted to get to this one too, new york just started handing out licenses to sell recreational pot. are you in favor of that? >> look, we are essentially behind the process here. every state surrounding us has already legalized it and made robust programs to do it. my problem with medical -- with marijuana legalization in new

york is that we've allowed these bodegas and vape shops all around the city to currently break the law and simply sell it. and when you're already breaking the tax law and the cannabis law, it doesn't take too much more to actually start selling to the teenagers and high schoolers on their way to class. i think the problem is less about marijuana itself because i think that's here to stay no matter what we do. i think it's actually mt. implementation at state level of these licenses and how we regulate untaxed, unlicensed sellers. ashley: a very good. we'll have to leave it there. joe borelli, thank you, sir, for joining us this morning. and staying in new york, yes, happy thanksgiving to you, joe, as well. there's a new protocol if someone is convicted of a hate crime in new york. lauren, what's the new rule? lauren: they must take a hate crime prevention training course and get counseling. okay. ashley: okay. lauren: right, that's fine. we just hope they're convicted and stay in jail for what they

do, right, in addition to getting this training. new york is also spending $50 million giving to organizations and communities who apply for grants to help them promote tolerance. this isn't a latch laughing matter, it's not a small issue. we've seen an explosion recently in hate crimes around the country and also here in new york. there was another brick thrown through the window of a gay bar in the past few days and the alleged threat on synagogues. so hate crimes are a huge deal. i applaud what the governor is doing, and i just hope that's enough and the d.a. does his job too. ashley: yes, that's a big if. thank you, lauren. new york just became the first state to reare strict crypto mining. governor hochul just announced a 2-year plan, she argues the move will curb new york's carbon footprint. all right, let's take a look at these markets, we are moving higher, modstly so. we're waiting for the fed

minutes which will come out at 2 p.m. eastern this afternoon. we are moving higher, more buying than selling. now take a look at this, this is what happens when you fry a turkey the wrong way. oh, my goodness. we've got some tips from firefighters on how to avoid that thanksgiving disaster. jeff bezos already making good on his promise to give away his multibillion dollar fortune. the amazon founder just made a huge donation to fight homelessness. good for him. that is next. ♪ this has gotta be the good life, this could really be the good life, good life ♪ (woman 1) i just switched to verizon business unlimited. it's just right for my little business.

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♪ ♪ ashley: that looks pretty good, doesn't it? miami, 79 degrees. not bad at all. by the way, miami-dade county asking a bankruptcy court to strip ftx's maim -- naming rights from the arena where the

heat play. they announced they would be looking for a new partner if on november 11th, but as of today, sign still remains on the arena, so it hasn't been changed yet. all right, let's take a look at the markets, we are moving higher in today's session as we did yesterday, so a little bit of a relief rally that's going on. the dow up 100 points, the nasdaq up 1%. let's bring back in susan li looking at some of the movers this morning. susan: i think it'll be interesting to see if ftx comes up with the $5.5 million that they need to pay in january to miami-dade county. probably not going to happen. ashley: no, no. susan but, yeah, you do have a decline on the retailers. nordstrom's cutting their full-year profit forecast despite stronger earnings over the summer. but they say sales are slowing, and they're blaming the warmer than expected temperatures which is impacting their sales is and really their mix of inventory. guess also down as well,

reporting earnings that were less than anticipated, cutting their outlook on the year, and they say it's a challenging time with that strong dollar. but i'll tell you what's on the up and up, and that is elon musk's tesla, the best performance today on the nasdaq. low volume trading, i should remind everybody, since we are all out of here, i'm out of here in a few minutes for # s. morgan stanley's well respected journalist says the overhang, you had elon musk tweeting his belief, philosophical words on twitter, more and more over time as we hue closer to the truth, twitter will earn the trust of the people. some tesla shareholders, those people have lost $300 billion in value this year because tesla's down 52% this year, not so happy being called bag holders thanks to elon musk. and i want to show you streamers, disney has a rally today. look at warner brothers, they are up, paramount if global on

optimism that china will allow more u.s. movies back into the market. avatar 2 is being allowed back in, also a report that the warner brothers/discovery head is going to offer a huge contract, maybe three times $2.5 billion a year, to the nba to keep it on tnt and away from tech streamers like apple and amazon. ashley: very good. susan li, thank you. now you can dash out for thanksgiving. susan: all right, thank you! ashley: out you go. hey, enjoy. right now i want to bring. >> our resident theologian, jonathan morris. jonathan, great to see you this morning. i want you to tell us about the origins of thanksgiving as a national holiday. >> yeah. let's listen to the words of george washington for just a moment, because they are spectacular and, i would say, surprising to think that a president of the united states, the first president, would be speaking about god and the

necessity of united states to thank him on a specific day. listen to this very quickly. it's very short. now, therefore, i do recommend -- now, keep in mind, this is 1786. now, therefore, i do recommend and assign thursday, the 26th day of november next, to be devoted by the people of these states to the service of that great and glorious being, capital b, who is the men first sent author of all the good that was, that is or that will be. and, you know, ashley, go 80 years ahead. abraham lincoln in the middle of the civil war, in other words, with lots of bad stuff going on, lots of reason to complain and call yourself a victim, he says, abraham lincoln says again, this should be a national holiday, and i invite everybody to look that up. abraham lincoln, the thanksgiving proclamation, it is

a beautiful piece of oration. ashley: and beautifully read, i should say too, jonathan, so thank you for that. although they say if you're wearing your glasses, i have to call you johnny, because that's end even cooler -- >> you know, ashley, hold on, hold on. these glasses, my wife hates them. but the ladies at this desk say that they are dashing. so i'm glad you brought them up. lauren: that is not true. i sided with your wife, jonatha- >> well, there were two ladies here. [laughter] lauren: and i said you wear them well. however, i understood where she was coming from. [laughter] >> i take it back. ashley: stirred up a hornets' nest, clearly. [laughter] i want to get back to this, jonathan, there's a new study which i find fascinating about how successful people are actually better at giving thanks. explain that one. >> yeah, it's interesting, there's been a lot of studies actually that have said that when you work the muscle, i would say the muscle of

thanksgiving, right, of gratitude, it changes your mentality. and it says there's hope. i'm not going to look at what happened to me in the past or even what's going on in the present as abraham lincoln taught us, but there's hope because i'm looking at the good things the almighty has already given to me, and there are lots of good things. work the muscle of gratitude. it is a muscle that will give us great hope and, it turns out, will make you more successful. ashley: i think that's great. and we always say we're very thankful for what we have, but we should also be cognizant of what many people don't have. so many homeless in this country and so many people really fighting desperate situations that we should really spare, or you know, the thoughts of, yes, we're very lucky, but many people are not. >> i remember in my home my dad would also have somebody around the thanksgiving table that was a little bit off, somebody he had met on the street, somebody

who was suffering, who was alone. and as children we looked to that and we said, i get it, we're blessed. ashley: right. well, we'll leave it right there, good place to leave it. jonathan, i think the glasses are cool. [laughter] thank you so much for joining us with -- >> i appreciate that, thank you. ashley: there you go. lauren: 1970. [laughter] ashley: let's leave it there. by the way, jeff -- he looks very coy. jeff bezos just made big donations to fight homelessness, talking of which. lauren, bring us back down here, how much are we talking about? lauren: $123 million. so grants to 40 organizations to help put homeless people and those who are many shelters into permanent housing. he's recently committed giving away his wealth, his fortune, $116 billion. he never signed that official giving pledge, but recently he says, yeah, i've got a lot, and

i'm giving it to people who need it and causes that need it. ashley: all right. and staying on amazon, the company has take aen a massive hit on its virtual voice assistant alexa. how much has amazon lost, i guess? rah. lauren: it's amazing because you would assume that the alexa is profitable. the answer is $3 billion in the first quarter and on pace to lose $10 billion this year for the unit that alexa is part of, and that's according to business insider who saw some internal documents. they're calling this a colossal failure. alexa's popular but unprofitable. it was a pet project of jeff bezos when he was ceo. he didn't really care that it wasn't making money because it was cool, it was trailblazing, but i now things have changed, we're in a downturn, it has competition, and amazon is prioritizing monetization. ashley: yeah. i think the novelty's worn off a little bit. lauren -- lauren: and i have the same

glasses, by the way, as jonathan. [laughter] they're on my desk upstairs. ashley: i should never have brought the glasses up, that's for sure. food banks are being stretched thin. they're saying demand is up, donations down, and it's all thanks to inflation. today is one of the busiest travel days of the year, we know that. tsa says more than 2.5 million people will board planes today, oh, my. so are the airports ready? well, we're going to have a report from reagan national coming up next. ♪ there's only one place that calls me one of their own. ♪ the hometown boy born a rolling stone. ♪ who says you can't go home ♪

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♪ this is the part with when i break free -- ♪ 'cuz i can't resist it no more ♪ ashley: you're taking a look at the atlanta airport, the busiest

in the world. it seems like every flight somehow manages to go through atlanta. by the way, "break free," by ariana grande, we're playing that song to get into this next story. i guess you can say the cat's out of the bag. a tsa officer found an orange account stuffed inside a suitcase, it looks like it's head out of gel-o -- gel eau in the picture -- jello-o. get this, the cat isn't even his, it belongs to someone who lives in his house. that person didn't even realize their pet was missing million they got a call from the airport. the cat, named smells, was completely unbothered. he's now back home safe and sound. you know, cats have a habit of, when they see an open suitcase, they love to get in it and go to sleep. i think that's what happened here. remarkably, the person who packed the bag somehow missed the cat under all the clothes.

i kid you not. meantime, a record 55 million people are expected the travel for thanksgiving -- that's humans, not just cats. hillary vaughn is at reagan international airport. hillary, are you seeing long lines there? >> reporter: ashley, not too many long lines that are bothering travelers, but a lot of travelers are dealing with high prices. so holiday travel is not a vacation from inflation. this year americans are paying on average almost $100 more per ticket than they did last year. >> we had to pick out another weekday, you know, so it wouldn't be as expensive. >> they were more expensive, yeah, but it was time for us to go out. we're excited to go to the bahamas. >> it's very expensive, so you have to sort of splurge a little bit, especially if you're bringing this, then it's an extra 250. >> reporter: but that isn't slowing down turkey day traffic in the terminal. more travelers expected this year than last. tsa estimates they'll screen about 2.5 million travelers

today and sunday, the two biggest travel days around thanksgiving. the tsa administrator says that's a close to pre-pandemic levels. airlines say they are staffed up to meet the demand in prepared airlines for america which represents the major carriers saying, quote: carriers have made significant changes including proactively hiring aggressively. transportation secretary pete buttigieg says he is watching this thanksgiving travel season to make sure that the travel headaches that erupted over summer with massive delays and cancellations do not show up thanksgiving. he says he'll be watching closely to make sure that the travel is not as turbulent as it was for passengers over the summer. ashley? ashley: a yeah, fingers crossed on that. hillary, thank you very much. now this, we told you about the possible rail strike, 60,000 workers, costing about $2 billion a day in economic output. lauren, what can transportation secretary pete buttigieg do to

prevent this? lauren: well, he can talk tough, and he is. >> we're urging the parties to get to the table and to do whatever it takes to prevent a shutdown. a shutdown is a scenario has not acceptable. we don't have enough trucks or barges or ships in this country to make up for the rail network. lauren: he's right. 467,000 trucks would be needed a day to move the goods should the rail companies shut down if there were a strike. we have a trucker shortage, that's impossible. so does congress step in? well, lawmakers, ash, are out for thanksgiving. they don't return until the end of the month, then they'll have just a couple of days to push the unions and the rail companies to figure this out. the pro-union president stepped in over the summer. they got the temporary deal that that they were working off of, but not all 12 unions ratified it. in fact, the biggest did not. so now what, is the question,

because the supply chain right now is at stake. ashley: yeah. yeah. it's going to be the, it would be very bad, to say the least. hopefully, they can figure something out. lauren, thank you very much. let's take a look at the dow 30, the if we can, just to get a sense of where we are in the markets, and there you have it. more green than red. modest gain of 68 points. walt disney, salesforce.com and goldman sachs leading the way. verizon, chevron -- oil prices down today, so the energy sector down, and amgen bringing up the rear on the dow 30. new jersey pizza shop has been handing out free thanksgiving meals for more than 20 years, how great is that? their transition started when -- tradition started when the owner wanted an excuse to skip dinner at his in-laws. that's hysterical. we'll have that story next, don't go away. ♪ come on over, come on in. ♪ pull up a seat, take a load off your feet. ♪ come on over, come on in. ♪ you can unwind and take a load

a off your mind ♪

ashley: thanksgiving the tomorrow and, by the way, or turkey fryers have become very popular over the years, but now

some firefighters in bakersfield, california, demonstrating exactly how not to fry a turkey, as you can tell from that video. some recommendations, by the way, include not overfilling the pot with oil, make sure the turkey is thawed out properly and, lastly, do not lower the turkey into the pot too fast because, guess what? it can just explode into flames. so keep that in mind if you're going to do that this year. this thanksgiving, by the way, setting up to be one of the most expensive on around record, and now many are turning to food banks and pantries for their thanksgiving meals. madison alworth joining us live from new york, and i guess the question is, are food banks able to keep up with the demand? >> reporter: you know, amazingly, ashley, they are able to keep up because of donations, but it's definitely difficult. they're seeing more people come through their doors, people that have never needed this resource before. here at the food bank of new york city, they've seen a 93% increase in new visit ors.

but it's not just the visitors that are struggling, the food banks themselves struggling to keep up. so feeding america, which is one of the largest americas of food banks in the country, they say that some of their locations today are busier than they were during the peak of the economic shutdown in 2020 from the pandemic. at the same time, a majority of their locations are running on a budget deficit because of soaring costs. we talk about this all the time, but of course you can see why. at the grocery store, all those thanksgiving table staples up in cost. most importantly, the turkey, that's up over 20% from last year. that's why some people for the first time ever will be coming here for their turkey rather than buying it from the store. >> things are short and very expensive, and there's certain items that i wasn't able to get so, hopefully, i'll get them in this bag. >> reporter: you know, the way that they make this possible, ashley, they take donations, they get wholesale, they get

some funding from the government as well and, luckily, they do think they're going to meet needs of everyone who comes here. that means 800 families approximately will be getting a thanksgiving spread that they otherwise would not have been able to get. ashley? ashley: ah, that's terrific. madison alworth, thank you so much, madison. appreciate that. now this, hoboken, a local favorite, mario's classic pizza, has been serving free thanksgiving meals for more than 20 years now. the owner of mario's classic pizza, mario himself, joins me now. mario, thank you so much for taking the time to chat with us. you know, why did -- >> thanks for having me. ashley: how did this all begin? sure. >> well, i just didn't want to drive down the jersey shore, and i decided to do it with a friend of mine at the shop. so we came here, cooked a turkey, and the rest is history. [laughter] ashley: how big has this event

grown? how many people did you have last year, how many do you expect this year? >> well, you know, when we first started out, it was, like, people would come in and they wanted their pizza. we told them we weren't open. we let them sit down and, you know, we just made them a dinner of turkey, stuffing, and they loved it. but it's grown over the past years really big, and last year we served about 350 dinners. ashley: wow. and this is not just for people who, you know, this is for anyone who doesn't have a family to be with, it's kind of a chance for the community to come together, right? >> oh, yeah. a lot of people that get stuck in hoboken, they don't travel, they'll come in. we also have the shelter, they all come down, and we love to have them. and people are so appreciative the of having a dinner, and our community has been very supportive, and we kept the tradition alive. ashley: yeah. well, mario, you're a very good

person, and we applaud you for what you do. enjoy tomorrow. i'm sure you're going to be very busy. thank you for taking time out to chat with us. >> we will, thank you. thanks for having us and happy thanksgiving. ashley: oh, same to you, sir. it was our pleasure. now it's time for the wednesday trivia question. here it is, which president made turkey pardoning an annual event? franklin d. roosevelt, john f. kennedy, jimmy carter, george h.w. bush. think about it, we'll have the answer right after this.ntal ♪ ♪ odontal disease, and i just didn't feel well. but then i found clearchoice. [ forde ] replacing marcia's teeth with dental implants at clearchoice was going to afford her . . i feel so much better, and i think that that is the key.

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way to healthcare. ♪. ashley: we want to give a very special happy birthday to ruth. she turns 105 years old. seven grandkids. ruth is the mother of our senior producer christine andrews. on behalf of the whole varney team, happy birthday, ruth. terrific stuff. have a great thanksgiving. earlier in the trivia we asked which president made turkey pardon an annual event. we gave you four options. what do you say, lauren. >> franklin delano roosevelt. ashley: i went with john kennedy. it was george h.w. bush. jackie, take it away