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♪ cheryl: welcome back, everybody, to a second hour of "cavuto coast to coast." i'm cheryl casone in for neil. got a busy hour ahead for you. box office trouble for disney. the company may have scored big with black panther, but it looks like the newest animated movie is going to lose millions. the biden administration mandating federal air marshals leave their jobs to assist border agents. we're going to get reaction from republican florida congresswoman kat cammack who is calling for alejandro mayorkas to step down. and it's cyber monday, shoppers flocking to the biggest online retailers. we're going to let you know where to find the best deals. a little shopping might cheer us up. we have got a lot to get to. let's get started right now. first to our top story, stocks sliding today, near session lows

right now. covid protests in china triggering today's selloff as well as comments from fed chair bullard -- excuse me, fed member bullard. susan li joins me now with all of the latest. susan: yeah, so these are pretty rare protests we're seeing in china right now in the far west, you have citizens across the country with covid fatigue, and they're really fighting against more of these lockdowns three years into covid is. you have hundreds taking parts in -- part in rallies many cities across china, and it was sparked off by a fire in an apartment building in the far western part of the country and a helpless woman being trapped inside by strict covid measures. we've also seen video of violent confrontation as last week in the city home to the largest fox congress factory where they put together -- foxconn factory.

bloomberg suggesting apple iphone will be short up to 6 million units, a 5-10% impact on the high-end iphones. you have to remember that apple had already prewarned the markets earlier this month that the high-end iphones if would be impacted by these china covid measures, and they said we now expect lower iphone 14 pro and pro max if shipments than we had previously anticipated there, as you saw. also another multi-national, tesla. their main china factory close to shanghai which has been the epicenter of a lot of these protests. tesla trading at 2-year lows. also that factory is pretty key given only not only does it export across the country in china or -- china, but also across europe. also disney shanghai, that's ooh a $5 billion facility percent house of mouse, and we did have reports of park visitors that

were trapped inside until they presented a negative covid test earlier this year. so it's really having an impact, really wide across the country and around the world as well impacting the supply chains for a lot of these big multi-national companies. i'll point to this, or cheryl, china would argue we can't open up and leapt covid freely run because the vaccine doesn't work as well as the ones we have here. also there the aren't as many hospital beds and the hospital system can't really handle 1.2 billion people in a country can of a billion people, and it doesn't have as many hospital beds available. cheryl: how will the economy handle it, that's the next question here. i want to bring in christian whiton. christian, if you're xi jinping, he's not going anywhere, but goldman sachs issued a note late last night saying they believe these covid lockdowns in china are going to end sooner rather

than later because of the pressure on the economy. not because of the protests, but because of the economy. >> well, there's just no indication of that so far. i'm not sure goldman is right on that, because xi jinping in crowning himself emperor, essentially removing the typical 10-year time limit on serving as the top the official, reinforced that he believes that covid zero is the way to go. this is the way that china has distinguished itself from the west. it says the west is sloppy, he was too much freedom. we're going to be locked down, we're hot going to let people out. so, you know, most likely these protests will be crushed and will fizzle away, but there is a slight hopeful chance that they actually magnify and persist and cause some real turbulence beyond what we've already seen. cheryl: what about the supply chain? susan pointed to this, talked about out earlier, whether it's the apple and foxconn, whether it's second dare, third industries that, you know, things that that supply toasters and etc. to the united states, all of that is in jeopardy as these

lockdowns continue. i've got toty think that's also an issue and the fact that you've got unemployment rising higher in china particularly among young men many china. you've got, you know, the economy, again, the real estate collapse. that continues in china. >> yes. right. all of these things are compounding, and it's odd that china hasn't, that the chinese government -- which has always had sort of a tacit deal with its people that it will be authoritarian the, maybe not stalinistic as other communist systems have been, but it'll deliver an ever higher quality of life, and that essentially persisted from 2000 with up until about 2020. and since then the growth has stagnated. you mentioned a real estate crisis. but so far, and i think we see some of the problems of a communist system, something that is unable to react quickly to sentiment expressed by the people, just unfamiliar with caring about public sentiment that so far ideology has a front seat, not economic reality.

so people on wall street can rationalize all they want that things are going to work themselves out, but they're running up against an ideology that doesn't really care -- cheryl: okay, but it may be a stretch the, you tell me, but is xi jinping and his party in trouble? go back toty tiananmen square, go back to the early 1950s in china. i mean, the people's voice in those two instances in particular did make an impact. is it possible that happens now? >> it's possible. it's still unlikely. this is something, of course, i am hoping for -- [laughter] and americans should be hoping for. the world would be safer without the ccp. so what we're seeing now is not indicative of incipient regime change, but there are some factors worth watching. previously, protests have been centered in tibet or more recently in xinjiang and more than a million people in concentration the camps. but here we have protests by ethnic majority han chinese, the

people who call the shots in china. it's not just where it originated in xinjiang, as susan reported, it's in bay bing, shanghai, multiple -- beijing, it's in multiple campuses. you never mow where it's going to lead or if this is going to be a more common thing in the years ahead. cheryl: all right. we're going to continue to follow it. christian whiton, thank you very much, appreciate it. >> thank you, cheryl. cheryl: and switching gears, disney ceo bob iger holding a town hall with employees over the last hour today. we're getting some new headlines from that. fox business' lauren simonetti has the latest and looks like changes are coming. lauren: profitability, cheryl. as you noted, bob iger's back in charge at disney, and with this town hall with employees he was introduced about 5 minutes, then he took questions right awayment he told -- away. he told employees he's prioritizing creativity and profitability. what that means is disney's hiring please stays in place,

and they reassist the cost structure.. -- reassess the cost structure. iger is ea -- revered as a hero to staff, to investors. the reality is he is navigating a theatrical marketplace much different than the one he left about two years ago. the latest setback, "strange world." the animated film bombed at the box office, brought in $18.6 million over the 5-day holiday weekend. it cost disney $180 million to make that move if i have, tens of millions more to market it. variety's reporting it's going to lose at least $100 million in its theatrical run are. is so it's not being shown in china, and disney didn't really try to get it into the middle east because it features a gay character, and they wouldn't edit any of those scenes. so this animated film is not going to get that big international lift that could have helped out. let's contrast that quickly with what was a hit, and that's black

panther 2 over the long weekend it hauled in another $64 million. so it's out three weekends now, total haul $367 million and, or cheryl, there's that. that's a positive. but investors in a foul mood today with the overall market as well as disney as a dow stock, it's down and the dow is down. cheryl: yeah, he's got a slow slog ahead of himming lauren are. thank you very much. movies are not the only thing that disney's struggling with right now. investors are focusing on theme parks as well. i want to bring in our panel, economics professor brian brenberg and john lonski. it's great to see you both on set. good morning, afternoon. brian -- morning people, sorry. [laughter] talk to me about the theme parks. really the biggest issue for disney is streaming. we know that. the theme parks now getting attention. >> well, if you've been to a theme park lately, you understand why this is the case. the two words that came out of

our mouth were never again. they've got this reservation system that is just impossible, complex and sort of ruins the experience. you talk about that supposedly making life easier, not. it's expensive,st a pain to try to navigate this thing, and i think people are saying, you know, that's a problem. plus, the bigger issue for parents is the trust issue. do you trust disney or do you think there's always going to be a hidden agenda there. and and i think right now parents are saying between the cost and the inconvenience and the agenda, i don't know -- cheryl: you're talking about the woke agenda. you're talking about the florida debacle. >> yeah. it reaches its tentacles everywhere, and you just say is this disney's end company or something else now? cheryl: john? >> i think brian's right. you're charging a higher price for a product that seems to have declined in terms of quality. so this is going to make it very difficult to grow revenue moving ahead. and let's not forget theme parks

are not cheap in order to upkeep and improve upon. it requires a great deal of capital spending if you want to hold on to your market position. moreover, we have a problem with the u.s. consumer. november will be the 20th consecutive month where the cpi has outran the average wage. we'll probably have a cpi of 75%, wages -- 7.5%, wage withs growing by less than 5%. eventually this loss of purchasing power takes its toll. and finally, let's not forget it's not cheap to get to disney anymore. i think commercial airline fares in the month of october were up by 43% from a year earlier. cheryl: uh-huh, very true. brian, too, he's talking about the streaming side. they've lost -- he's saying

we've got to chase profitability, not customers. to your point earlier, the consumer is not going to have 10 streaming and cut down to 5 because they've got a waste problem and inflation problem. the other side of this too is what does he do with these properties. i still wonder if he's going to spin off espn. that's been thrown around for a long time. >> you know, they could. the streaming issue, again, it goes back to what or -- what are you getting for your money? if for parents disney had amazing asset for decades. parents, without even thinking about it, would put their kid in front of a disney show. i just think a lot of parents, we went to the movies this weekend with our friends, and it was a choice between strange world, there was a great war about korean war fighter pilots, our kids wants to go -- wanted to go see the korean war movie because they feel like disney movies are actually preaching. my kids said that. if the kids are thinking that,

you've got a bigger problem than do i spin out espn. you've got a trust issue, and i don't know if iger's ready to solve that. cheryl: john, i want to switch gears because we got these comments from james bullard about a an hour or so ago basically saying we need to be more aggressive. the december meeting is coming up. he's calling for 5%, 5.25%. he moved markets today. >> i think bullard should take some time out. we have a 3-year treasure -- 10-year treasury yield that is about to be very low to a forthcoming federal funds rate. the treasury bond market is telling us the economy is going to enter into a slowdown that may degenerate into a recession. and with that we're going to

have cpi inflation, consumer price inflation, move lower. and in all likelihood we're not going to see fed funds break above 5%. i wouldn't be surprised if it peaks at 4.88% during the early part of 2023 at the february meeting. cheryl: brian? >> well, i think the fed doesn't know what it's doing. [laughter] cheryl: mic drop. >> they have voices conflicting with each other. when you get yourself into this, there's no path out. you don't know the path out, so they're wondering where they're going to go. i agree with john, they're likely to make mistakes on the other end of this and crush the economy to try to beat inflation. but that's why you don't get into it in the first place. that's why you don't talk about transitory when everybody can see there's a real inflation pop. -- problem. but they chose to play politics, not economics, and now they're flying blind in my view. >> as far as the fed is

concerned, silence can be golden. [laughter] cheryl: bring back alan greenspan. the word salad. thank you very much, good to see you both. see you this many a little bit. all right, well, recruiting border help from the friendly skies. federal air marshals are now assisting at the border leaving a big security gap with our airlines. we're going to give you all the details coming up next. ♪ borderline, feels like i'm going to lose my mind. ♪ you just keep on pushing my love over the borderline ♪

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>> we're less than 1% flights. these ground-based duty, stop taking them out of the skies and let us do job that we were trained to do. cheryl: the biden administration now turning to the sky for help with the border crisis. the department of homeland security mandating federal air marshals to leave their posts and help in border towns. fox news correspondent casey stegall live at the border with the latest. casey. >> reporter: hey, cheryl, good to see you.

more on that in a second, but first, let's recap a nonstop weekend and morning out here in this one sector where we have personally witnessed at least ten large groups crossing the border illegally in just the last 72 hours, easily over 1,000 migrants. again, only talking about in and around a eagle pass. and just as the sun came up this morning, another large group. that one was about 240 plus in size, mostly cuban, colombian and dominican. apparently, resources now spread so thin sources say at least 150 federal air marshals are being temporarily reassigned each month to do 3 week deployments to assist agents down here at the border. dhs brushing it off saying it's nothing few. nothing new. >> every single year since 2006 i believe it is the department of homeland security has i relied on the department of defense to augment its resources

to address the challenges at the border. >> reporter: but earlier this month a frontier airlines flight bound for tampa was diverted to atlanta after a passenger had a box cutter onboard. so aviation safety experts question whether decreasing law enforcement's presence on planes especially this time of year, the most busiest,it's really a smart move. >> it's kind of shocking to think about that they're taking air marshal as out of the sky out of high risk aircraft and putting them on the border to simply do welfare checks of migrants, essentially. >> reporter: tsa told fox news in a statement that despite the deployments, they are still working and doing their important work in transportation security as well. cheryl? cheryl: all right. casey stegall, thank you. i want to get reaction to all of this from republican florida congresswoman kat cammack who is

calling for dhs secretary alejandro mayorkas to step down. congresswoman, kevin mccarthy echoing the same words, that he should step down. is it impeachment if he doesn't? >> absolutely. i think all options are on the table. when you have lied to congressing, you've lied to the american people -- congress, you've lied to the american people, you have, quite frankly, ignored the fact that there is a humanitarian, a national security and public health crisis playing out on our southwest border, you have either been negligences in your duties or -- negligence in your duties or have just chosen not to do them. we are going to do the investigation that is necessary, and if mayorkas does not step down before january 3rd, then we will take those investigations and lay the groundwork for impeachment. that's what's on the table, and that's what needs to be done. the border has to be secured. cheryl: this has come up before, it came up yesterday morning and the pushback on the impeachment

inquiry hearings was that he's got several jobs and that the border is just one of those jobs. your reaction to that. >> that's just ridiculous. the homeland security secretary is charged with the national security of this nation. it's homeland security. and when you have an open border that is open entirely at the will of this administration, that's just unacceptable. up to this point we have seen just this year 98 individuals on the international terrorist watch list that have been apprehended. god knows how many more have gotten through. i mean, when you have millions and millions of people who have come here, they have not been vetted, it's an open border policy and you have a trafficking operation that is taking place on our very watch really at the behest of this administration, i mean, that's just absolutely insane. for him to say that he has many hats and this is just one of them, well, he takes pull responsibility because he is, in fact, the homeland of --

secretary of homeland security. cheryl: to be clear, it was defenders of him speaking on his behalf yesterday saying whether it's the secret service, the faa, the importants, you know, his job is all-encompassing. fair enough, but maybe he can walk and chew gum at the same time. i to want to ask you about title 42. that's coming to an end. >> right. cheryl: but the border crisis continues, and we're looking at another year of record numbers of migrants coming over. the only people that are benefiting from this are the cartels. >> yeah. cheryl: are we misguided maybe in going after mayorkas? maybe the push needs to be to support our border agents who are helpless, who are committing suicide, who are struggling with alcoholism because this administration, the biden administration, does not seem to have their back? can we focus on that and turn somewhat of a positive into the disaster that is the southern border? >> yeah. i mean, to your point, can we

walk and chew gum at the same time? if absolutely. and we need to be doing that. we need to be securing the border while supporting our border patrol if agents. we can actually take on the cartels while insuring that the border is secure. we can execute on the humanitarian mission without having an open border policy. we can do all these things, it just takes the will and the policy. i've talked to i can't tell you how many border patrol agents, and they say, you know, we just need a policy. we want to be able to do the job that we signed up for, and right now this administration is prohibiting us from doing that. so if we're going to address the root issue here of border security, we've got to give the policy -- get the policy. we can add technology and force multipliers, administer manpower, but until we have the will power in the white house to uphold the laws currently on the books, nothing's going to change. that's, first and foremost, what congress has to do. we've got to put pressure on this administration to uphold

the law as it is written instead of manufacturing a new law by executive order, by his phone and pen. merle. cheryl: and making comments that basically give your south american neighbors that the border is open, come on over, which is exactly what he did when he came into office. congresswoman, so good to see you. >> have a good one. cheryl: coming up, the biden administration giving chevron the green light to pump oil in venezuela. we're going to dig into all the latest when we come back. ♪ finish tried so hard to give you what you need ♪

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to resume pumping oil many venezuela. peter doocy's got all the late. >> reporter: cheryl, the biden administration is now signaling the they trust the maduro regime which has long been condemned by groups like amnesty international for human rights violations to have their next set of elections be free and fair. the white house told us about announcement today of the resumption of talks in mexico city by the unitary platform and maduro regime. the humanitarian agreement focused on education, health, food security, flood response and electricity programs that will benefit the venezuelan people and agreement on the continuation of talks focused on the 2024 elections are all important steps in the right direction. all important steps to get some sanctions relief. so now a "wall street journal" op-ed e is concluding the u.s. government thinks you're a fool, dear reader, and not only because it waited until americans were enrouteth to thanksgiving to let -- grandma's house for thanksgiving to let

news slip. or that it expects you to believe that venezuela is considering a return to free elections in exchange. this has critics now curious why all this new drilling in south america and not in the u.s. >> see him doing more to do bad deals and incentivize venezuelan oil rather than american clean energy. so he's doubling down on very bad policies that are impacting families here incredibly every single day. >> reporter: the president promised as a candidate who's -- he was going to end fossil fuel, and he said as recently as earlier month on the campaign trail there's going to be no new drilling. now we know that just means no new drilling in the united states, he's okay to go to venezuela and ask them to drill. oil can be exported here. cheryl? cheryl: struck out with the saudis, is so guess he's got to look somewhere else. peter, thank you very much. appreciate that live report.

let's bring back kings college business and economics professor and fox news contributor brian brenberg and john lonski. brian -- [laughter] here's my favorite headline of the afternoon from reuters: venezuelan oil offers little the u.s. or to chevron. [laughter] >> you can't make this up. this administration talks about sustainability. the one thing they're good at sustaining are dictators, autocrats and tyrants. who does this help? venezuela gets to pump oil again. do you think they're going to have fair elections? do you think maduro has turned over a new leaf? no. here's what's happening, the biden administration has said we're not going to do this in america, but oil prices are a problem so, gee, how can we get out of it in the short term? i mow, we'll go to venezuela -- i know, we'll go to venezuela. cheryl: john, heating oil, diesel, i mean, the list goes on and on. one in five homes in the northeast use heating oil, and

here comes winter. >> up 40% from a year ago, i believe. so this is going to be a problem for the average american especially if we have a very cold winter. as brian said, this whole approach towards energy makes absolutely no sense. why are we not hearing from these people that are very much anti-fossil fuels complaining about this deal? it's more fossil fuels but elsewhere, not from the united states. and this reminds us that all of this anti-fossil fuel rhetoric is empty unless we have some way of having an international agreement not only with venezuela, but with russia, with china and everybody else to less aren our dependence worldwide on fossil fuels. i'm sorry, that's not happening. as a result, they're going to get cheaper fossil fuels in china and india and use more of fossil fuels.

cheryl: meanwhile, 860 million to southeast asia, indonesia, $20 billion. this is all money, our taxpayer money, that he's throwing out to all these other countries and regions. meanwhile, he's asking -- now chevron's going -- >> and what's it going to go for? americans might ask the question what are all those billions going to be spent on? the answer is nobody knows. this is a wealth transfer from americans who want to work hard, want to enjoy the fruits of their natural resources and share them with the record -- the world, by the way. if you want to get an international agreement, throw open wide american energy production. dominate that space and start calling the shots in the world instead of giving power to china and russia. instead we beg dictatorships for oil. that's what we've been reduced to.

nothing's going to change until we use the assets that we have, and energy is number one. cheryl: and we look weak overseas -- >> we look foolish and weak, the worst combination. cheryl: yeah. and i want to shift gears to the rail strike, e gentlemen. we spoke with mick mulvaney on what congress can do to avoid a possible rail strike. you know what he's going to say, but listen. >> it's probably the most important issue congress will have of to deal with when it comes back. rail is an interesting part of the economy because of its history, because of the legislation on the books. congress can actually get involved and pass a resolution -- it would have to be the signed by the president -- that would either delay or prevent a strike. cheryl: john, what do you think? >> this last occurred back in 1991, congress stopped the rail strike that lasted all of 24 hours. so i wouldn't be surprised in rail strike shows the slightest bit of evidence of doing real harm to the u.s. economy, pushing prices higher and so on, congress will get together, pass legislation and will order

workers in the railroad industry back to work and biden will sign that also quickly. cheryl: well, we shall see what happens. obviously, december 5th, december 9th, key dates in all of those negotiations. >> and with the uncertainty right now, you have to remember that there are certain companies with chemicals and so forth, you've got to be thinking, can i put those on railroad cars right now if we do get a stop stoppage? that creates disruption well before we get a strike. >> and you can't use the mississippi the same way you did previously, it's all dried up for the most part. more reliant on railroads than you've been in the past, and ups is a major customer of railroads for shipping products for the holiday shopping -- cheryl: we made the point too you need 1.5 million trucks to jump in and cover what the railroads can't take but there's no way. >> no. cheryl: guys, thank you very much. good to see you both. >> you bet. thank you. cheryl: coming up, ftx fallout

continuing, and we are going to hear from the founder, sam bankman-fried, later this week. charlie gasparino joining us next to tell us what we should expect. ♪ in the middle of the night in my dreams -- ♪ you should see the things we do, baby muck. ♪ in the middle of the night in my dreams -- ♪ i

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♪ cheryl: the crypto chaos continues. sam bankman-fried to speak at a summit on wednesday remotely from the bahamas. charlie gasparino, this is still on the books with them? if. >> it is. i checked with andrew ross sorkin, the guy that puts it on, old friend of mine, full disclosure. here's the interesting thing, so i've been calling up people that are also attending over the weekend saying are you really going to be on the same stage with this guy, and every one of

them told me they will not be on the same stage with him. this is how it's going to work per them, per andrew, they're going to -- he's going to come in, i guess, via zoom. he's going to be in the bahamas, and he's literally going to do a q&a with andrew, and that's how it's going to go down. as of now, everything is on the table. backdrop, he's being investigated, as you know. we've reported on this network several times that the u.s. attorney for the southern district would like to bring a case. obviously, it's never a case until it's done, okay? but there are people in there the trying to put together a case. they would like to bring it before the end of the year. if you're a lawyer for this guy, and he has a new lawyer now, paul weiss dropped him over conflicts and i think he's got a law professor at stanford, his dad is a professor of law at stanford, i think if you're a lawyer, you've got to be saying, what are you doing? but as of now, he is scheduled. and, you know, he's rolling the dice, obviously.

or it's a clever ploy to say, hey, i did nothing illegal. and what does that mean? in order to, you know, be guilty of criminal fraud, you have to show a huge level of intent. obviously, if you walk into a bank with a gun drawn, give me all the money, that's intent on its face. criminal fraud, white collar stuff's a little more difficult to prove. you have to prove real intent. you know, was sam bankman-fried just a knucklehead, he didn't know what he was doing, or did he just, you know, reck he isly, you know -- recklessly evade the rules and just take the money? he lost money if his side hustle, prop trading account alameda, and he was taking funds out of the other accounts. cheryl: bahamas to hong kong, there's the path for you. >> i will tell you this, that there are lawyers who said that on its face is illegal because it's almost like you know not to do that.

if that were the case, jon corzine, the former new jersey governor, senator who ran mf global, would be in jail, and he's not, okay? cheryl: think the bahamas is ever going to extradite him to us? i don't know. >> let me just make the point because i brought up corzine, there was no -- that was confusion. that's how he did not get indicted. it was not outright fraud. now, he did get dinged by the cftc, but he's still running a hedge fund from what i understand. will the bahamas extradite him? who knows? cheryl: i think they're incentivized to keep him, that's what i think. >> why? cheryl: because of the funds. $121 million in real estate, for one. >> so? they don't want to buy it. cheryl: i mean, i don't know. yeah, it's good business if you want to defraud people. >> i really don't thinkable that if they indict him, there's going to be hell to pay. cheryl: charlie, thank you very much, sir. all right. well, the holiday shopping

season is here. cyber monday sales are expected to continue breaking online shopping records. we're going to have all the details when we come right back. ♪ it's beginning to look a lot like christmas. ♪ toys in every store. ♪ but the prettiest sight to see is the holly that will be -- ♪ on your own front door ♪ [coughing] hi, susan. honey. yeah. i respect that. but that cough looks pretty bad. try this robitussin honey. the real honey you love, plus the powerful cough relief you need. mind if i root through your trash? robitussin. the only brand with real honeyand elderberry.

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at your local xfinity store today. cheryl: session lows right now. you've got these hawkish fed if comments and concerns over lockdowns in china, both of these issues taking our markets down. dow down 3912 right now. well, the -- 392 right now. credit card applications are on the rise as cyber week is expected to generate billions in sales. gerri willis here with more. >> reporter: hi, that's right, cheryl. as cyber monday gears up, americans are charging more than ever on their credit cards as interest rates soar above 19% on average. that's the highest in 31 years. now, with inflation rates at levels that wage is failing to match, it's no surprise that credit card balances are on the rise, hitting a record, as you can see, $8 # 66 -- 866 billion in the third quarter, 19% higher than the same period last year

according to transunion. now, some cash-strap ised households are using credit cards to pay for necessities like utility bills and christmas bills will no doubt end up on plastic as 48% of americans in a deloitte survey say they will use credit to pay for presents. americans are loading up on debt at a time savings levels are plummeting, falling to $62 the 6 billion from $4.85 trillion in 2020. today's levels the lowest since the great recession. and that means paying off credit cards will take time. for example, if you have a $1,000 balance and pay a minimum of $25 the a month, it will take 65 months or more than 5 years to pay off the debt, and that includes some $605 in interest payments. more than half the original debt. finally, pardon me, listen to this. >> it highlights the importance of paying way more than the minimum.

pay it all if you can or maybe get a 0% balance transfer card. >> reporter: finally, 40% of holiday shoppers this year say they will limit debt by using coupons, credit card rewards -- my favorite -- and trading down to cheaper brands. or you can always just buy less, cheryl. cheryl: yeah, there you go. watch your spending. gerri, thank you very much. joining me now for reaction, stacy woodland. stacy, what do you make of what the consumer's doing right now in. >> well, i think you hit it on the head which is what we're seeing and hearing from companies like best buy. there are great deals out there. they're giving the consumer the deals because that's the only way they're being enticed to shop, but they're doing it more on credit cards. some of the companies are actually calling it out, so that's absolutely something to watch. but i think the deals out there are generally better than last year, and that's as a result of loaded invenn -- bloated inventories. all this christmas stuff showed up too early this year, we had

too much of it in the wrong categories, so now you're seeing apparel, consumer electronics, home, you name it on sale. cheryl: do you think they're going to keep discounting up to christmas? >> i do because what we typically see is you see this big black friday explosion, cyber monday today some of the deals are even better than they were on black friday. then everything goes back full price for a couple weeks, and then retailers and brands panic if things don't move and really press it again. so you don't want to shop during the lull periods, you want to shop today, cyber monday, and then the few days before christmas. that's when the best deals are. cheryl: where do you think we're going to see the best deals? what portions of shopping? is it electronics, apparel? >> so i track 60 companies in europe and the u.s., and what i am seeing right now is apparel's the best. you're seeing some of the dtc or direct footwear brands have some pretty nice promotions out there, and certainly are

consumer electronics is the big category. best buy and others are being very aggressive about it. cheryl: real quick before i let you go, i want to talk about this potential rail strike. would we see any direct impact from that for this holiday shopping season? >> i mean, i think things are pretty set inventory at the moment, you know, retailers get months in advance their orders, things have already shown up. in many cases way too early, but you have to watch out for storage. so it's really expensive to store goods right now because of the logjams. if we have more, it's going to to be more expensive for retailers to store things, and they're going to pass it on to you, the customer. cheryl: and before i let you go just real quick, retailers in general, some are doing well, some are -- they're doing well at wal-mart, best buy, because prices are higher. is that -- that that's going to be eating into their profits. >> absolutely. and the reason you're seeing walmart do so well is because they're selling food, right?

inflation impact 7, 8% higher average ticket on that food year-over-year, so their comps look good. in discretionary categories, stuff that isn't moving, you're going to see promotions take it down again. cheryl: all right. stacy, thank you very much for the update, we appreciate it. want to turn back to the markets right now. again, markets are under pressure this monday. a couple of things, we're now down over 400 points. this is session lows. you've got these comments coming from james bullard, a very hawkish tone about interest rates rising and, remember, the fed meets next month. then you've also gop got concerns about china, what that's doing to the supply chain, the economy. there's a lot of moving parts here, but those two big stories really driving the numbers down. we're going to stay on the markets. we're going to take a quick break, we'll be right back. ♪ so good-bye, yellow brick roa- ♪ where the dogs of society howl ♪

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