♪. 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.

jackie: i actually got that one right. they did the same question on "fox & friends" this morning. ashley: at least you're honest. jackie: welcome to "coast to coast." i'm jackie deangelis in for neil cavuto today. we have a lot to get to this hour. the dow is turning lower, down 20 points. we're talking about stuffing, turkey, sweet potato pie. families are paying 20% more to put thanksgiving dinner on the table. stew leonard is here with how shoppers are dealing with food prices. always good to talk to you. talk about the foot traffic you're seeing in the store today, what consumers are saying? are they altering their shopping patterns, getting ready for the holiday because of higher prices? >> you know what we're seeing is covid seems to be in the rear view mirror now.

shopping patterns are back to 2019. they are not abnormal like they were during covid. so we're seeing people back out wanting to getting together. you see travel is up. we're seeing foot traffic in the store right now. it will be our best thank stiffing ever at stew leonard's. as far as prices go, we had to raise turkeys from 2.69 a pound to 2.99 for fresh free range, 10%. the cost of this is not out of sight right now. right. jackie: stew, i read supermarkets, grocery chains are trying to bundle things taughtal together to make it palatable for consumers. to make it a little bit of a deal. we'll press pause again. i apologize for this folks. we have a little bit after technical glitch. but we'll switch gears for a moment. we'll come back to stew when we have him, talking more about thanks giving and talking

turkey. president biden green-lighting another delay for student loan payments this is big story. this move could reportedly cost another $40 billion. making the total cost of pausing these payments nearly $200 billion. this is all on the taxpayer's dime. forbes media ceo steve for example joining me now. steve we were talking turkey, i am pack on a lot of people, they are angry, they paid their student loans, they honored the obligation but now as taxpayers they have to pay for somebody else. >> at the same time the schools that get into debt keep the money, have no liability for it all when the students can't pay those debts this is a backdoor way of forgiving student loans. they keep declaring an emergency. the president said months ago, pandemic emergency was over. stew leonard told us it was over. used a emergency to create -- jackie: well that is a thing of

course. we're two years out of the pandemic and we're dealing with this extended pause on student loans. that's what everybody is so outraged about right now. of course the administration is fighting this in court. this has come after the federal judge in texas said that biden was not allowed to use his authority, his executive power, to go ahead and green light his student loan forgiveness program. so now this is going back and forth. just for the you viewers at home understand, what the administration is saying pausing payments until june 30th of 2023, giving people an extension even though we're out of the pandemic and the secretary of education said it was deeply unfair for folks to have to pay these loans that the administration of course didn't want them to to be paying right now. who is it unfair to. that is a big question. we'll dig into it as we go through this hour. a fourth rail union now refuse towing agree to the labor deal

brokered by president biden, threatening supply chains ahead of the holidays. fox business ace edward lawrence has the latest. reporter: jackie, we're less than two weeks until we can see that strike that would cripple the u.s. economy during this christmas or holiday shopping season. the white house press secretary saying the president encouraging the two sides to work it out but he has not taken the same direct involvement as he did before the midterm elections. four unions as you said voted no on the contracts. 12 unionses have passed it. here is head of a union that ratified the agreement. you can almost feel the animosity left from this process. listen here. >> we've been at the bargaining table for three years trying to work out a contract. all threw that time the railroads made record profits. they slashed their workforce, our guys were forced to work as essentials through the pandemic. that is all in the background of this. reporter: so the contract gives an immediate raise of 14.1%. a 24% raise by 2024. it pushes the average salary for

a rail worker to $160,000 a year. so union leaders say engineers, conductors, for example, they get no time off. paid sick leave and unpaid time off remain as sticking point for the unions that have not signed on. >> many don't have a scheduled days off. it would foreign concept for americans not to know when you get a day with your family. during the pandemic railroads adopted strict attendance policies, whether they're sick even with covid, or their families they have been given attendance points and in many cases terminated. reporter: if there is a strike it could cost the u.s. economy 2 billion a day. 27% of all freight travels by rail at some point. jackie. jackie: the big concern this could only impact inflation people are feeling right now. the supply chains as well, all the tension out there, so edward lawrence we'll be watching that one very closely. thank you. coming up, house republicans

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♪. jackie: welcome back. 49 million people traveling by car this thanksgiving as the price of gas is on track to be the highest ever for the holiday. fox business's jeff flock is on the road right now. hi, jeff. reporter: doesn't seem to be bothering us, jackie. it doesn't bother me because i'm not paying for the gas at the moment but maybe as you see out here on the pennsylvania turnpike as we head west towards harrisburg and pittsburgh, folks at aaa, 54 million people, trains, planes and automobiles this thanksgiving holiday. that is the third busiest, thanksgiving travel time in history. 49 million of those folks will go via car by the way, despite

the high gas prices. yeah, i mean we talked to some people. they feel they have the money to do it. it is tough if you're in a situation with the economy where you don't have a job, money coming in, that is one thing. if you don't have enough money you can move it around. we're at $3.60 for the average gallon of regular nationwide. that is down three cents since yesterday. down cents in the last week. 20 cents in the last month. gas prices, jackie, are the highest they have been in history. jackie: we lost jeff. so we will continue the energy conversation because it is front and center on everyone's mind. leading energy industry group, power the future, issuing a roadmap calling on house republicans to boost u.s. energy security. joining me now power the future founder, and ceo, daniel turner. daniel, always good to talk to

you about these issues. they're still top of mind for many americans especially they hit the road this holiday season. they're paying higher gas prices. wonder what happen to the home heating costs this winter as well. having said that the administration doubles down on its energy policy, looking abroad for dirty producers of energy and oil rather than trying to backtrack here at home. your thoughts how it plays out to the american consumer. natural gas, heating oil are up. natural gas is what 50% of u.s. households use to heat their home in the winter. >> you're absolutely right. we're all feeling effects of two years of biden administration energy policies as your previous guest said this is the most expensive people have paid for gas on the holiday, food prices are are highest they have been et cetera. what we want to do with this road map, we want to tell the house of representatives at

least. you do have some power. we looked the way nancy pelosi yielded power as speaker. agree with or disagree with her, no doubt she understood the power of the gavel. our hope with the road map, we can tell members of congress you can certain things you can do to bring relief to the american people when it comes to high energy prices. jackie: let's talk about the administration's policies here. essentially handcuffing big oil in the united states saying you can't invest in the future, you can't pump more right now, even though they talk out of both sides of their mouth because they say they want big oil to pump more but they can't do that without making requisite investment. we know it takes anywhere from six months to 18 months to start to build out some new projects. so it's a frustrating situation here as we're watching crude oil prices which actually have gone lower today, they're down 9 1/2% but having said that they're still at high levels on a relative basis. >> yeah and we can't get

comfortable with oil at 80 or 85 or even $75 a barrel, right? that is my concern. oil should not be this high. we cannot allow ourselves to be comfortable this is the new normal and you raise a really good point and it is one of the points in our road map. the biden administration has made oil and gas leasing very difficult but there is a precedent here. not exactly calling for anarchy. i would say the precedent. the precedent is this, a lot of democrat governors said our state is sanctuary state when it comes to immigration policy. i'm hoping a lot of governors from energy states declare themselves a sank rare which state. if california doesn't have to follow u.s. immigration law why does alaska follow oil and gas rules that come out of washington, d.c.? why do the dakotas? why does any state have to follow this if that is the new precedent. these are steps we hope we can take to give relief to the american people. jackie: that is a good question.

we'll watch how this all plays out. another interesting thing, president biden, while he was abroad, he was talking about funds for indonesia to help them with their climate change efforts. he is talking about a slush fund to potentially tap for reparations for underdeveloped countries that are disadvantaged of our moving forward with energy production. you sit back and say to yourself, is it really our responsibility as the united states, i mean we're moving forward with climate change agenda, that is very clear but is it our responsibility to help the rest of the world try to do this right now too? it is not like it is actually working here at home just yet. >> yeah, exactly. i'm waiting for martin luther to come and nail his these sis to the wall. this is buying indulge againsts. this is admitting you're guilty of sin being american. the own way to make a amends for

it to give it to the third world developing nation. whether it is indonesia, bangladesh, sub-saharan african nations rather than pay them, allow them to prosper, to develop their natural resources. how about we stop slaving them in cobalt and lithium minds for wind and solar projects. rather than a handout, let the nations invest in fossil fuels to give their people prosperity. that is a better way to move forward in the world. jackie: there is the issue of china, one of the biggest polluters not taking responsibility on what happens globally. we're not working together on this. some count is are pulling backings continuing to pollute you still have problems. daniel, thank you. >> happy thanksgiving. jackie: you too. troubling signs for the economy. another big tech company announcing some layoffs. we'll break down the impact of that next.

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jackie: hp is the latest big tech company to announce layoffs. the computer, printer maker saying it will cut up to 6,000 jobs over the next three years. strategic wealth partners investment strategist luke lloyd joins me now. good to see you. look, markets are holding up. they're doing pretty well as a matter of fact but the labor market is something to think about. it is something this administration said is doing quite well. that is a good sign for us, that we're not headed into recession. you start to add up all the layoffs especially you're seeing at big tech, amazon, meta announcing layoffs as well, now hp, you wonder, you wonder if there are not headwinds coming? >> so the biggest issue with layoffs is that layoffs are just

the tip of the iceberg. so layoffs don't start when companies are financially distressed to try to counteract the distress. the beginning of layoffs happen when companies are preparing for financial distress, right? i think we're not even close to max payne in the economy, and i will use use lp as an example. the biggest slow down they see is the commercial space. this is not for individual customers. companies from small business to large enterprise, slowing down their spending and preparing for a rocky, painful, 2023 we've seen up tick of individuals tapping into 401(k)s as hardship. that is a last resort. that is when people have jobs. the scary part when people lose jobs. that is scary to think of the full impact. i think it is important to start thinking about the what the economy will look like closer to a 5% or a 6% unemployment which is where i think we're headed. jackie: jerome powell said part of raising rates is to cool down the economy and it will have an impact on the labor market.

you will see americans lose their jobs and i think you're bringing up a great point here because in the spring and over the summer we saw some companies say, we've been cautious about hiring. we're freezing our hiring, not necessarily these big job cuts. now the job cuts are combing. you know, many bank ceos are on the record saying 2023 we'll be in sort of a recession. how deep remains to be seen. what do you think? >> i don't think this is good for large corporations but i do think this might provide an opportunity for small businesses that have been hurt sew bad so bad over the past couple years. what the labor force participation rate continues to decline. that could hurt long-term economic growth and hurt productivity. that is one of the reasons small businesses are struggling on top of large corporations paying higher salaries and poaching small business employees. small businesses have gotten screwed the past couple years. the one positive like i said

that small businesses will be able to get better and more employees as unemployment tis off. the caveat, as long as small businesses are able to hold up in this storm that is coming then they will be fine. this is where i'm a little more optimistic because small businesses are not as leveraged as larger corporations. like i said this will provide an opportunity for small businesses to regain the market share over large corporations. jackie: that is a really interesting point as well. i want to dig into the labor force participation. that is the first thing i look at every time the jobs report comes out. you're right, it is declining. that is a problem. it is not moving in the direction that you want to see more people going back to work, being enthusiastic about finding a job. we've been discussing student loans and biden's forgiveness of them, continuing that pause through half of next year. i'm wondering, is it programs like this and the fact that people are you know, this isn't a direct stimulus payment but it is an indirect stimulus check. is that what is keeping people on the sidelines?

because they're getting perks from different places? >> it is. it is also going to make things worse for the long term, jackie. sadly responsible spending are not two words you can ever use talking about the federal government, right? one of the most interesting aspects to the student loan extensions, these extensions could end up costing the american taxpayer more than the cost of forgiving $10,000 in student loans, both of which are inflationary, not good for consumers and long term not good for businesses as well. the scariest part these extensions don't help those that need it at least in the long term. two days ago, i was talking somebody with $400,000 student loan debt but they're a doctor. 40% of student loan debt is held roughly 7% of the borrowers that have over $100,000 in debt. those 7% are usually in higher paid profession like doctors. those people are able to pay off loans right away, getting huge interest deferral than somebody with a lot less debt. the deferrals make the wealth

gap higher between the upper class and middle class. that is how the government is inflation snarery. jackie: they are trying to combat inflation by raising interest rates, wreaks havoc on the stock market. makes it harder for people to buy homes but at the same token people continue to essentially continue toing to say we're forgiving debts we're handing out money, that just adds to the tab. eventually someone has to pay for it. luke, good to see you. happy thanksgiving. >> thanks, jackie. happy thanksgiving, appreciate it. jackie: stew leonard is back with us. we have the opportunity to get back to our thanksgiving turkey conversation. stew, where we left off we were talking about foot traffic in the story and i was just wondering, because there are a lot of different retail chains trying to bundle dinners, bundle things together to give consumers a kind of a deal as they're facing headwinds and challenges while they're shopping. are you guys offering any promotions? >> you're always offering

promotions at supermarkets, specials that you have every week and the deals but as far as thanksgiving goes, jackie, probably the most inexpensive meal you will have all week. you know it is not, turkey is not expensive. we've had to raise our prices at stew leonards from 2.69 a pound for free range to 2.99 as we mentioned before, 10%. our farmers passed even higher costs on to us but we're going to pay them. it's a family business as luke talked about there. i'm not going to strong arm one of our suppliers because they have kept our shelves full during covid and our shelves are full at stew leonards. people will not get sticker shock this year for thanksgiving. i don't know where all the news is getting the 20, 30%. i mean i don't think you're going to see that big of an increase over all across the board. you know if you want to save

money, you know what i recommend? make it yourself at home. don't buy prepared. my manager shouldn't be hearing me say that at the store but potatoes are two bucks a pound right now. you know you would have to add cream and butter. jackie: here is the thing, stew, i think where the 20% is coming from with respect to the average cost of the meal on thanksgiving an aggregate of items go into the thanksgiving meal kind of a basket but this is not something that happened overnight as you're pointing out. >> right. jackie: food prices are up across the board and they have stayed high. we're not seeing really any relief when it comes to those food prices. so i'm wondering what you're thinking because we're looking at a potential rail strike. we're looking at high energy costs. we're looking at a lot of things that could continue to make it difficult for these prices to come down in a real way. >> well you know what? look, some things are just baked in that aren't going away. our farmers that i'm talking to, their labor costs have gone up.

okay? it is costing them more money to get turkey, to get fish to our stores, to our ranchers out in the midwest. you know they're having a hard time hiring cowboys right now. so it is to work to go out in the fields, at the ranch. you're seeing baked in labor prices, they are not going away. you're seeing fuel prices right now, who knows what is going to happen. i know you talked about the price for oil right now. our farmers have to put diesel fuel in their tractors plus they have to run trucks. i don't know what is going to happen but that might be a baked in cost. and also packaging costs with the cost of resin and everything have gone up tremendously. jackie: sure. >> these are things, i'm hearing this from our farmers. these are family businesses. i mean, i don't see them lowering the price next year on labor. you know when you if i have give somebody a raise like we had to at stew leonard's, we're paying

$17 an hour for starting pay at some of our stores, i can't go to somebody to say i will start paying you less next year. jackie: let me ask you, you said that you feel consumers at least in your store are weathering the thanksgiving storm and that might be because it's a special holiday for people. if they want to make sure they have their favorite things for their family, whatever the case may be, but, maybe next week you know, they sort of downgrade their choices a little bit. >> right. jackie: maybe they don't get the fillet. maybe we're doing more pasta and rice, you know what i mean to make it even out? >> well you know, jackie, i think what you see, what we see at the store here is that beef prices are high and people are tight a little bit, they will go to chicken. chicken is 4.99 for chicken breast right now. if you want ground beef right now, we're 2.99 a pound. you can actually keep your dinner tab pretty low if you're savvy and you shop smart right

now. you know, and so people are, people switch when prices in a certain area go up. they move to chicken. jackie: that makes sense. it makes sense and these are patterns that we'll continue to monitor. we love having you on. we love what you do at the store. >> thank you. jackie: and we wish you happy thanksgiving, stew leonard, jr. >> everybody try to lose some weight this holiday right now. jackie: okay. >> i'm going to work tomorrow, you know, i'm going to work on it tomorrow. i will not overeat. tape by butt to the chair so i don't go up for seconds. jackie: you and i are different. i starve today to eat tomorrow. we're thinking the same thing. have a wonderful holiday. >> okay, thank you, jackie, you too. so long, everybody. jackie: the committee for a responsible federal budget estimates ex-tenting the student loan payment pause would cost another $40 billion. that would make the total cost nearly 200 billion. joining me now, president of the committee for a responsible

federal budget, maya maginnis. great to see you. this is a conversation we've been having all hour and it's a really big deal for people who did pay their student loans, for people whose parents worked their fingers to the bone to put them through college and we're sitting here right now and after the pandemic, two years out of a pandemic and we're looking continued pauses. this is the 8th time this administration has paused student loan payments. you know, they want to forgive 10 to $20,000 per person under certain income thresholds. that's about a 400 billion-dollar price tag. >> yeah. this is a really big deal and it is a policy while i think we all understand many people are struggling with student debt, that is an actual problem we have to think about, this does not solve that and in fact this is a policy that is incredibly expensive, it is inflationary,

it is regressive, helps people who don't need it more than those who do, it is unjustified in terms of policy. it will make the problem worse. i can't think of a justification were this is the right policy to fix the problem the administration is trying to fix with this it will cause a lot more problems, particularly in the economy, in the conditions we currently are facing. jackie: we're dealing with issues of inflation. we talked about how a lot of basically the institutions will bake this into the cake, raising tuition prices understanding that this forgiveness becomes, if it were to become a pattern, for example, that it doesn't really solve the issue why tuition costs are so high. that is really the root problem if you want to address it. >> absolutely so what you want to do, is you want to have a structural fix to something like this where the problem is, the ways in which we subsidize higher education actually drive those prices up. that is why the price of higher ed is continuing to grow faster than the economy overall. then politicians say we'll throw

more money at the problem. more people are not price sensitive. it actually drives the cost of higher ed up. we calculated overall student debt will be back to the same levels it already is after very expensive debt forgiveness and very unfair debt forgiveness in just a few years. what you really need to look at is, why are we subsidizing education that isn't paying off for students? is it because the universities are not the right ones for them? they're not great higher ed institutions? how come those institutions don't have skin in the game which would make sure they were more in line with making sure people graduate and move on to jobs where they're able to afford what they borrowed and not borrowing too much? jackie: that is a great point on the side of the institution. there is also the mother-in-law moral hazard part of the argument. you start setting a precedent you tell people you can get out and borrow, if you get in over your skis, whether education or

something else there is a backstop there, there will be a government check to help you out. that is a very slippery slope. >> absolutely. right now you will have all sorts of colleges and universities to take on debt, winking the chance of that being forgiven is quite high. if you look what is happening now where the biden administration keeps adding on more policies, programs that are regressive and expensive that don't make sense we can't afford that it is not fair, you mentioned this in the beginning it is not fair to the people that worked really hard, paid off the debt and it creates terrible incentives in the economy overall. you can't do enough to point out inflation is at a 40-year high. we should not be doing things that add to the debt and cause people to spend more right now. we need people paying down their debt. the irony we're saying we'll forgive the student debt because we're not paying for this policy you will have government debt that is much higher on the other

side. we've just stopped paying for anything these days. as though we can't get enough of borrowing. we have to bring in fiscal responsibilitys is this really worth it? how will you pay for it? i can promise you the administration hat not said one word about paying for the expensive, regressive policies. jackie: many folks across the country are worried about. president biden using executive authority to forgive the loans. that is being challenged in the court system. a federal judge in texas saying nope, you can't do that now they're saying okay, while it is under review, while we're fighting that decision we're just going to pause the payments until june 30th of 2023. maya, we'll see what happens. well continue to follow it and have a conversation with you. thank you, have a wonderful holiday. >> thank you. jackie: breaking overnight in virginia, a gunman opens fire inside of a walmart killing six people. what police are saying about the suspect after this.

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♪. jackie: a gunman opening fire at a virginia walmart last night. at least six people were shot and killed. fox correspondent griff jenkins live in chesapeake, virginia. hi, griff. reporter: jackie, at least half a dozen families are mourning rather than celebrating at the dinner table after a gunman, an employee, walked into the break room and opened fire. there are more questions than answers. early today the chesapeake police chief gave an update. here is what we had to say. >> while our investigation continues, we can tell you the following, six victims have died. four victims are in air hospitals with conditions under known at this time and the suspect is dead from what we believe was a self-inflicted gunshot wound. the chesapeake police s.w.a.t. team executed a search warrant at suspect's residence, with the

help of the virginia state police we cleared the house. we have reason to believe that there is no risk to the public at this time. reporter: in the chief giving us a timeline at 10:12 p.m. the 911 call came into the dispatcher. two minutes later, 10:134 officers arrive on the seen. two minutes after that le enter the walmart. the area was secured. the gunman was found dead of a self-inflicted gunshot wound. meanwhile virginia governor glenn youngkin weighing in on the tragic day. >> our hearts are heavy and broken yet again at the horrendous acts of senseless violence that occurred late last night. there is an investigation that continues and we are focused on supporting families, families

that today face an unthinkable reality. reporter: the governor ordering flags to be lowered across the state today. you can see, can show you video here, a memorial of balloons showing up here on the parking lot to remember the victims. now one final note, just about 20 minutes ago, jackie, i spoke to the family of one of the victims in the hospital, the sister of her brother who is in the hospital says he is stable but she was too distraught to go on camera. that is just a snapshot of the tragedy that has fallen this community as we await more answers. the motive unknown. the gunman not yet identified, nor are the victims. jackie, send it back to you. jackie: griff jenkins thank you for that. here to react former nfl jack brewer. thank you for being on the program. we'll start with your reaction to griff's report.

>> it is stunning, it is unthinkable as we go into the holiday weekend and we have so much to be thankful for in this country to think about a senseless act of violence like this. you know it really does show you the deep, deep rooted issues that we have right now in our nation. this happens too much. just last week there was over 40 people shot in chicago. this is happening across our land. it is like every time you look but i think what thing we all need to learn right now as we pray to try to figure out these issues the fact we cannot solve these type of spiritual issues with policy. i don't care who is in office. i don't care what the state or local governments do. until we start getting back to spiritualty in this land we'll continue to see this type of carnage. this is evil. these are things that are senseless. no one can really put logic around why someone would go in and kill their coworkers that are innocent in a walmart. so, we got to do some

soul-searching now. as we all go into the thanksgiving weekend we need to figure out how to get back to some normalcy in our nation because for over a decade we just haven't seen it. jackie: yeah. that has been difficult to do mostly because the two sides fight over what the issue is, what the root cause is. some people say access to guns. others say mental health and disturbances issues we need to focus on. i know you say it is more spiritual, we need to get at the root of humanity and why this is happening. we shouldn't focus so much on policy and can't pass a blanket law to have the crimes evaporate and go away. your thoughts what our lawmakers can do to try to help? >> first off, they have to put their egoes aside for a second and stop trying to fight for policies that are going to appease people to get reelected, to maintain their power. actually start to care about

people and even if you have to make tough decisions and call upon accountability from your local law enforcement officers, your local leaders and parents. a lot of these, most of these acts are committed by people that are in their 20s and '30s. these are young people. they are young people. parents need to take responsibility for what is happening with kids in our schools, neighborhood, our communities. so i think it starts with accountability and also starts with not being afraid to talk about the importance of god. you can't take god out of a society and expect for these type of things to slow down. the only way that you're going to be able to put some type of end to this if you start actually promoting faith-based institutions, promoting rehabilitations. jackie, looking at percent of people committing murders and crimes. the vast majority have already been in the criminal justice system or arrested.

many of them have done multiple years. when we get custody of people, rehabilitating them, using any faith based curriculum, faith based practices proven to work. so if we're not willing, if we're not willing to do that this won't come to an end. jackie: i think that is an excellent point. a lot of people feel there is a breakdown of family values and the structure that we have in our society. some people say it is because there is less religion, that religion is the glue that brings people together. others come up with varying reasons for it but either way, you're right, it is about family values, what we're teaching children at home and in school and how we care for each other. that's essentially the core piece that is missing. >> amen. very well-put, jackie. jackie: your reaction to that. i'm just thinking, you know, a thought that i had. what do you see around you, with respect to the people that you talk to? >> i see, i see exactly that.

i see the breakdown of that family. you know that, you know used to be able to knock on your neighbor's door, borrow an egg or a cup of sugar. that day is long gone in america. that is a sad thing. because we don't take care of each other as a village, as a community anymore. i run a program here in south florida. we're trying to make sure that the families have food in their refrigerator. trying to make sure kids have shoes when they get too big for their shoes. i think it is that love that is touching one another. we have gotten so separated behind our cell phones, behind the entertainment and everything in our society now points us right back to ourselves. instead of doing, you know what christ told to us do, serve our neighbors as ourselves, all right? i think that is where the core issues lie. but if our politicians are not willing to say that publicly, demand that our communities and our schools and our law enforcement agencies and everybody that is ordained to have this leadership, if we don't demand accountability in

that we start caring for one another we'll never heal the sick or bring sight to the blind. so we must do that now. jackie: you also bring up a great point with the technology and especially with young people coming up in this country so reliant on it. it is very unifying. you ever sit at the table to see kids all sitting together, instead of engaging with one another, they're texting each other sitting there together physically. almost like they have a hard time relating, having a conversation. a lot to think about, jack brewer as we head into thanksgiving, you know, reflect on some of these issues and things happen aig cross this country. thanks so much for being open and honest about it. >> thank you, jackie. god bless you. have a great thanksgiving, everybody at fox. jackie: thank you, you too. coming up a jump in new home sales as mortgage rates fall. is it enough to jump-start housing? we'll talk about that next. once he's all on his own?

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i love it when you talk nerdy to me. guy, guys, guys, we're still in session. and i don't know what the heck you're talking about. jackie: new home sales up more than 7% in october as mortgage rates dipped slightly. let's bring in principal of the mike aubry group of berkshire hathaway home services mike aubry. mike, good afternoon, good to see you. the housing market right now, new home sales are rising slightly but we have seen the market cool a little bit as

mortgage rates have risen. certainly pricing first-time buyers, certain buyers out of this market and what is interesting to me, i try to look at some pricing across the country. pricing have come down a little bit to adjust for higher mortgage rates but not entirely enough. or as much as buyers are expecting them to. >> you know it really is a juxtaposition. there you go, that's the word. i mean this data is sort of different and confusing and it's a lot to really sort of take through the wringer to try to realize what it means. i'm pretty optimistic about the fact that they came out at 632,000 units in october. i'm cautiously optimistic, i will be honest with you. when you look at other data released like builter optimism which is down as low as it been since the last recession, the fact that mortgage applications have been steadily down for months it suggests to me, i'm

fearful we'll see revision in this next month when the census bureau puts out the new data. i don't think prices are dropping, you're right and i do think, remember this data is based on october. so it is prior to the cpi data coming out and the fact that the market liked that and we saw the yield on the 10-year treasury drop and hence went mortgage rates as well. jackie: cpi data came down, inflation year-over-year 7.7% so it is down slightly but the fed is likely to still raise rates because jerome powell has a basket of problems that lay in front of him. the futures market actually expecting to see a 50 basis-point hike in december. only 30% are expecting a 75 basis-point hike but still more hikes are coming. so rates will continue to rise. to get from 7.7% inflation to 2%, we've got a long way to go. >> i mean we've got an incredibly long way to go and i think you know, the inversion that is likely that we're seeing between the two and the 10-year, you know becomes a lot to look

at. i can tell you jay powell and the fed is not going like this. think will not like these numbers coming out of the u.s. census bureau this morning and i think that makes us wonder, do we land at five, half a point up or do they do another 3/4s? i don't know. jackie: you make a great point because when it comes to jerome powell, because he wants to see the labor market slow. he said that. he wants to see the housing market cool. he has got a target. mike, we've got to go but i wish you happy thanksgiving. >> happy thanksgiving, jackie, markets mixed ahead of holidays. all eyes on is investors and fed about interest rate hikes. we're following all the moves on wall street. never just found my way; i made it. and did all i could to prevent recurrence. verzenio reduces the risk of recurrence .. as determined by your doctor when added to hormone therapy.

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