this is -- just anecdotal. but i ordered an omelet when i was at my niece's wedding, it showed up, it was more like a weird egg cra te maybe made with one jumbo egg instead of three i am not joking one egg i am like held up my brother said omelet. >> he said omelet when inflation is 40-year high or another restaurant limited number of toppings you can get on said omelet. >> you gotted to do what you got to do. >> inflation, without going down the rabbit hole alan greenspan wanted to put spending did it saying inflation was overstated. maria: that is integrate thank you, everybody joel, ashley: good morning, maria, great panel discussion. good morning, everyone. i'm ashley webster in today for stuary varney.

well, let's get right to this , more unrest in china, riot police in hazmat suits clashing with protesters in china's fifth largest city. the communist nation is one of the last countries in the world to still have strict zero-covid policies, and these protests have been taking a very violent turn. so, why is president biden staying silent? and then there's canada's trudeau. he says people in china should be allowed to protest. oh, but wait a minute. didn't he shutdown the trucker protests in his own country? hmmm. we'll take on that hypocrisy. to the markets we got housing and jobs data coming out at the top of the next hour. meanwhile, the markets are flat in the pre-market, dow, s&p and nasdaq pretty much where they were when they closed in yesterday's session. let's take a look at bitcoin. bitcoin briefly broke above 17,000 earlier this morning, it's the first time in two weeks right now it's 16, 807. the governor of south dakota kristi noem has banned all state

employees from using china's tiktok on government devices. she says it's a national security risk. to the weather now. at least 25 million people in the south are in the path of severe weather. there have already been reports of 25 tornadoes on the ground. we'll have the very latest on that story. a big show as always, vivek ramaswamy will be here with us, liz peek, congressman mark green and former secretary dr. ben carson. great lineup today it's wednesday, november 30, 2022. "varney" & company about to begin. ♪ i just want to celebrate another day of living ♪ ashley: oh, there is something to celebrate on this wednesday morning. don't know if you got to catch the game the u.s. men's team

advancing to the knockout round at the world cup. it was a nail biter. the last 10 minutes excruciating we suffered through it but the u.s. came through. lauren simonetti, good morning. tell us about the victory. lauren: amazing. so christian pulasek literally sacrificed his body to score the sole goal of the game, ash. take team usa to the elimination round. there it is. there it is. so the u.s. now plays the netherlands saturday at 10:00 in the morning. he has a pelvic injury now because of that. he says i'm playing saturday. we'll see. so, ashley, not only were americans cheering for our team, but so were some iranians. a resistance of iran member says this. the defeat reflects the degree to which the iranian people loathe and detest the ruling. protesters felt sold out when the players had to sing their national anthem and when they didn't their families were threatened so when they were

forced to in yesterday's match if you look at pictures and we were showing them at the top of this segment they seemed mad. they were just mouthing the lyrics. so this world cup is very much about what's happening, yes, on the field, but also and maybe more importantly, ashley, what's happening off-the-field. ashley: so much drama, but the u.s. into the knockout stage. lauren thank you very much. let's get to the futures as we said at the top of the show. kind of flat right now. that's because fed chair jerome powell will be speaking this afternoon and the markets treading water until we hear from mr. powell. let's bring in eddie ghabour whose been right for many many months, years? eddie you've been right on the money. let me begin with this question though. do we see a santa rally? do you see a santa rally? dagen mcdowell said in the previous hour, you know, intoxication can lead to all sorts of irrational things, but what say you? >> i do not think we're going to get a santa rally. i think best case scenario we

stay range-bound here as we're through the month of december, and then we take the major leg down into the first quarter, but the one thing that we need to see for a santa rally is we need to see this inflation data, we're going to get inflation data tomorrow, job data on friday, and then on the 13th is the biggest date because we get cpi. if we see another significant rate of change drop there, then i think you will get follow through and you'll see a santa rally. i just don't see it. again, best case i think range dayton bound but make no mistake i think we're going to make new lows within the next quarter and so if we do get those rallies, i be selling into those. ashley: you know, eddie, you pointed out in your notes that you don't think the markets are paying enough attention to the yield inversion. you know, the three-year, three- month treasury rather is a lot higher than the 10-year yield which normally signifies a recession. you think people are not paying enough attention. >> i think people are trying to

find a reason as to why this time is different. i mean, you look at past recessions and you see an inversion that we're see ing right now that we haven't seen in over 20 years, and i don't think the market is properly pricing that in. look, i've learned the hard way. you bet against the bond market you're going to get punched in the face. that is my personal opinion, so, i respect this yield curve inversion. it's giving us the warning that we're going to be in a deeper recession and we're going to have an earnings recession and we're going to see revisions at the end of this year and in january and that's why i think we're going to have significantly more downside, and then we'll be big buyers in the first quarter next year. i think we're going to have some amazing opportunities, but some people just get sucked in in these rallies and then they get spit out. so -- ashley: okay, we'll have to leave it there, eddie. great stuff as always. thank you so much, eddie ghabour >> thank you. ashley: now this. elon musk, thank you, elon musk sent a new directive out to

twitter employees. what was it about this time, lauren? lauren: where they sit. he tells them, sit by me. he sent another e-mail to staff and he said anyone writing software or doing design should be on the tenth floor of the san francisco headquarters, which is the floor he sits on. it's intended to be dense and intense. why he didn't say, but look, i'm just thinking about twitter workers. you survived the layoffs. you came back physically to the office and then you clicked on the button to confirm that you're up for the hard core twitter 2.0, and now, ashley, you've got to move your desk so the boss can keep an eye on you and ask you how you're doing. um, this is a little too close for comfort for me. i don't like anybody looking at my computer. ashley: yeah? no, no. very ominous and threatening but hey, you know that's elon musk. he's cracking the whip. next one for you, lauren. former president trump recently had dinner with ye west and nick

fuentes, but it turns out the dinner wasn't apparently what it seems, what's going on? lauren: apparently trump got punked. nbc news is reporting that ye's political advisor, setup this trap for the white nationalist, nick fuentes, to just slip into that infamous mar-a-lago dinner. if you watch the national media, if you watched the press conference with kevin mccarthy yesterday that's all anybody is talking about, right? it's all in the run-up to 2024 so as damage control, trump 's campaign is now instituting new vetting procedures, so you can say they are responding to this. some republicans are saying this is what happens. this is a consequence of having trump on the ticket because he often invites this sort of controversy. it wasn't aware of this , you know, nbc news is saying he was punked, but this happens to the former president. ashley: yes. seems to be that way. all right, lauren, thank you.

well senate minority leader mitch mcconnell slapping trump for taking part in that dinner. take a listen. >> if donald trump wins the republican nomination, would you support him? >> look, let me just say again, there is simply no room in the republican party for anti-semitism or white supremacy and anyone meeting with people advocating that point of view, in my judgment, are highly unlikely to be ever be elected president of the united states. ashley: all right, trump fired back saying, "mitch is a loser for our nation who would not have been re-elected without his endorsement." okay, charlie hurt is here now. always lots of great stuff to go at. charlie, good morning to you. >> good morning. ashley: there is a clear rift in the republican party right now. is this going to have a big impact in 2024? >> you know, it's still early,

ash, and i think that it's sort of, this is what a lot of the media sort of is gasping at. nobody has heard of this guy and i believe actually donald trump when he said he never heard of this guy. he's some sort of internet creature who spouts nasty stuff that nobody really, i mean, obviously, they care about the idea of anti-semitism but, you know, you have some crackpot on the internet spouting rant ings is sort of not surpris ing to anybody whose been on the internet, so i don't think it's going to have a huge impact, but it does sort of underscore how much the media, how desperate the media is to slime donald trump with absolutely anything and i think lauren simonetti exactly right. if you go up on capitol hill right now it's all anybody is asking about. you know, you have the protest in china. you have a war going on in europe. you have $30 trillion in debt that congress alone is responsible for , and all anybody wants to ask about is

this crackpot fuentes who snuck into a party with kanye west at mar-a-lago and i do think it's a fair criticism. probably donald trump shouldn't have kanye west to his house just given the sort of hysteria and the circus nature of all of it. i hope that maybe going forward, he focuses on the issues, but and then of course, the larger issue, the donald trump that donald trump is some sort of anti-semite, who hates his grandchildren after he's brought us world peace and abraham accord, it's just so absurd. ashley: it is, you're right. i've got another one for you, charlie. it appears that president biden is ramping up his plans for 2024 he's reportedly reaching out to some of the key donors from his 2020 campaign offering more meetings, exclusive invitations to social events, wow. is he locked in, do you think, for 2024? >> it's looking more and more like that. you know, those social events are a big deal to donors and i think that prior to the mid-term s, nobody thought that biden had any hope of getting

the nomination or going forward but after the mid-terms the one lesson that they've seemed to have learned from this is that they're not going to learn anything, which is they are just going to keep on going with joe biden and to that, i say good luck. ashley: yes, exactly. all right, we'll have to leave it there, but great stuff as always. thank you. good to see you. all right let's take a look at these futures as we've been saying a little flat as we wait for the fed chair to have some conversations about the economy this afternoon. in the meantime we're just treading water, barely moving at all on the futures right now. all right coming up, the white house says they are keeping an eye on elon musk's takeover of twitter and house minority leader kevin mccarthy isn't having it. listen. >> keeping in mind on twitter under eelon musk's ownership. >> that is offensive to me. governments going to go after someone who wants to have free speech? ashley: yeah, it's a good question. i'll ask vivek ramaswamy what he

makes of all of this. meantime, canada's trudeau speaking out in support of protests of china, saying why didn't he support truckers in that freedom convoy? we'll get into that as well, next. ♪ can he stand on his own... once he's all on his own? this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire. ♪

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or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ashley: the covid lockdown protests across china are gaining momentum, and now, some universities in china are sending students home. tell me more, lauren. lauren: at least 10 large universities, ashley, are telling students go home and finish the semester remotely.

why? it makes it harder for crowds of young people to gather. so they can protest the covid restrictions. see this right here? it's not just a blank sheet of paper that symbolize the protests. it has something on it. that's the friedman equation. pronunciation is what's key. free-men symbolizing what these students want. in the meantime, you have the chinese ruling communist party saying they are going to crackdown on infiltration and sabotage activities by hostile forces. they don't mention the protest specifically. you can read between the lines. call me optimistic. i just want to point out that there has been an ever so slight softening in loosening of the covid restrictions in the country in terms of where you quarantine, for instance, and now the chinese media is running some stories of covid recoveries, so i think you can make the argument both ways. they don't want the protests but they are also listening or starting to listen in a small

way to the protests. ashley: very interesting, lauren , thank you. by the way, reports say one of the major motivators for these protests involves economic concerns among young people across china. jonathan chang, the china bureau chief of the "wall street journal" joins me now and jonathan, great to speak with you. you're in china right now. where are we now? what's the latest news? >> yeah, i'm in beijing at the moment, and of course, over the weekend, we saw a lot of protests quite unprecedented in china. i don't think anyone quite saw this happening both in terms of how many cities you saw it happen and at the same time, as well as the directness of the criticism. usually people in china, they know better than to protest against the man on top. they will target local officials and say oh, you guys aren't doing what xi-jinping wants you to do. this time they are saying the problem may be xi-jinping himself so obviously this has been met with a pretty strong

response. it hasn't been what anyone might call a crackdown, per se, but obviously, the authorities are knocking on doors. they're making phone calls. they know who was there, because there are cameras all around and cell phone data is showing them where people were at what time and so there is a combination of that on the one hand and as lauren just mentioned, there's also some concessions being made. some attempt to sort of say we're listening here, we understand, and you know, it was a big cry for help there, that we saw over the weekend. ashley: jonathan, in your mind, what happens next? how does this play out? because comparisons are being made to tienemen back in 1989 some 33 years ago. does this , do these protests not only against covid restrictions, but you know, the powers that be in beijing, does it have lasting power or will the chinese government clamp down and this will go away

>> well i think it's too soon to say. you know, i think in terms of actual protests, i think we may have seen the peak already just because it's very hard to gather in china. if you want to get the word out and say we want to be at x place at x time, how are you going to get that word out when china basically controls the internet? there are vpn's and ways around internet controls but these aren't available to many people in china and many people i think after the police came and started knocking on doors, i think they may have thought twice about wanting to participate in one of these, again, so that maybe at an end for now, but of course, it doesn't really address the deeper grievance there which is both the covid-specific stuff , like being under the prospect of being locked down at any time, seeing your job prospectses go away. you mentioned the economic toll. i mean, a lot of these people protesting are young people and youth unemployment is near 20%

and that's according to the official data, so a lot of young people don't see a great future for themselves, and so, you know , shutting down a protest will shutdown the protest but it doesn't necessarily address the deeper root issues. ashley: very interesting stuff. jonathan chang in beijing. thank you so much for the latest for what's going on inside china we really appreciate it. now this. >> thank you. ashley: canada's prime minister justin trudeau is offering support to the protesters in china, so why is he getting backlash, lauren? lauren: for having a double standard by supporting the chinese protesters so listen here. >> i think everyone in china should be allowed to express themselves, should be allowed to share their perspectives and indeed protest. we're going to continue to ensure that china knows we'll stand up for human rights. we'll stand with people who are expressing shelves.

lauren: what's wrong with that? do you remember earlier this year, he invoked the emergencies act in canada for the first time to address the trucker covid protests, in his country. that meant he had the power to use the military restrict canadians free movement and even stop financial support going to that convoy so that's why it's not what he said. it's the double standard of what he said because he didn't enforce it. ashley: exactly. and rightly so that they point that out. all right, lauren thank you very much. checking the futures which appear to be pretty flat as we head towards the opening bell. we're waiting for fed chair jerome powell to speak this afternoon, slightly higher on the futures. guess what the opening bell is next. ♪ ♪

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ashley: the markets in the pre- market certainly treading water, as we wait for jay powell to speak later today. our good friend shah gilani joins us. great to see you as i keep talking about fed chair powell

speaking about the economy later today. you still expecting a hawkish mr. powell to speak? >> well first of all, good morning, ashley, always great to see you. i am expecting a hawkish powell. i don't think he's going to diss way markets in any way or form he's going to stop raising what he may be clear about is not only will they continue to raise, but they will not probably raise 75 basis points. he's probably going to announce there maybe some easing in the actual hike levels, but i think he's going to make sure that the market understands they're not done except the market realizes they are on the other side already and we've got some pretty good pce numbers already. we've got pce coming out on thursday, and if that's lower than expected, then there's no reason for the market to try and go higher. ashley: and, you know, i was reading your notes, shah. you're saying there's been some resistance on the s&p up 40-50

and he says if you can get above that, you say, maybe 4,100, then we could be off to the races for a little bit, right? >> a lot of traders a lot of investors are looking at the down trend this bear market has been defined by and once again we're coming up to that down trend line. if we get above it this time and this time is different because if the fed is on the other side of the hiking, if inflation we have seen peak inflation, i think investors are going to try and push this , maybe starting tomorrow because that's the new, it's a new month beginning, and there's a lot of money on the sidelines. they could very seize easily come in and we could get a substantial santa claus rally. ashley: have you been buying at all in this environment, shah, or pretty much sticking to your core positions i believe. >> really just buying core positions and those core positions with the proviso that happy to buy them, to buy more if they go down because their core position so yeah, not unwilling to average down

because i still think the market , we're not out of the woods yet. i think we see the market tumble it'll be after a santa claus rally and maybe in the first quarter we might see a bit of a give-back there but again if we have better-than-expected number s in terms of inflation, if the fed says anything positive or more doveish, then what may be a santa claus rally could turn into maybe the first leg of a new bull market. that's a bit of a stretch, but it's out there as a possibility. ashley: why not. all right, we're out of time, shah gilani thank you so much indeed as always and great to see you, my friend. okay, let's get geared up there. >> [opening bell ringing] ashley: they are smiling getting ready to ring that opening bell in act eight seconds from now and we'll get this wednesday session underway. again, probably a little muted in the early going only because we're waiting to see what mr. powell has to say this afternoon and of course we have inflation information on thursday, and then we have the jobs report on friday, so plenty ahead for investors to

chew on but today, right out of the gate, you can see the dow off slightly. boeing, chevron, caterpillar, out of the gate on the upside, honeywell, jpmorgan chase, walmart, on the downside. overall though the dow slightly lower, down 17 points. again, just very flat right now. as for the s&p, same story up a point at 39.59 take a look at the nasdaq, also that is up barely one-tenth of a percent at 10, 992 and let's take a look at the big tech names we like to do that as we do everyday that carries so much weight even these days. meta and amazon moving higher, microsoft, apple and alphabet just ever so slightly lower. all right, let's get to some individual names. let's go right to crowdstrike. that's a cybersecurity company, stock down 20%. not a good day, good morning, susan li. why the drop on crowdstrike? >> yeah, never a good day when you lose a fifth of your value in one single session. so what crowdstrike is doing is

they are forecasting weaker than expected sales growth and that's despite reporting a pretty strong summer quarter, disappointingly slow new sign- ups according to the ceo, what we call recurring revenue. that's what we call subscriptions these days. think of netflix what you pay each and every month. now what was really surprising from crowdstrike is that it goes against other cybersecurity competitors like palo alto which had great results. the cybersecurity has outperformed so far this year, and the thinking is even if we head towards a slowing economy, a possible recession, companies, if they cut spending, they are still going to spend to keep their system safe so this pretty much shocked the market when you say cybersecurity and crowdstrike reporting some pretty disappointing guidance going forward. ashley: yes, and investors responding down 20%. let's check workday. nice gain this morning after that company reported, up 10%. what were the highlights? >> yeah, so human resources, software business, still booming that's watt it tells us.

workday lifting their outlook on business, they also said they were buying back half a billion dollars in stock. always a good sign when you're buying back shares and the ceo still calls it a mercurial market meaning despite the fact that we have calls for a slowdown in economic growth you still have people hiring. you still 10 million job openings and that's positive for hr human resources. ashley: all right, let's take a look at disney. fascinated by this. they are struggling with subscribers right? >> well, here is the thing is that the disney channel, not disney plus, but espn both lost about 2 million subscribers so this is more of a challenge linear tv market and not stream ing, so disney is also buying back the rest of bam tech which is the underlying technology for disney plus, and they are paying $900 million to major league baseball for this , so we know that linear tv is challenged. remember yesterday we talked about amc networks. their ceo stepping down with less than three months in the

job, also amc cutting around 20% of their staff, and iger has said that the linear tv precipice is coming just can't forecast when so the question is will you then spin-off espn? will somebody buy it instead? does he buy the rest of hulu? disney plus is on-target still according to the former ceo bob chapek, to get to 240 million subscribers by 2024. but is it enough to makeup for the drop in linear? i think that's the problem everyone is grappling within media and cable. ashley: right. all right i want to talk about apple. interesting, china has lifted the lockdown on the city where apple's foxconn factory is located. that's the good news, but is the company still facing issues? >> well yeah, that is good news , because jungjo which is where the main foxconn facility that compiles and puts together all these apple devices yes they have reopened and they are also offering bonuses up to $1,000 for workers to come back to work past the chinese new year past

the first quarter of next year. now, we've had analysts and a lot of them have been trying to game out what the effects will be on apple, especially the production line. so tf securities one of the most respected apple analysts out there says there could be a 20% impact on apple iphone production. wedbush dan ives also calling it a challenged environment. you also heard dan ives and the rest saying that maybe five to 10% of apple production could be impacted. bloomberg reporting 6 million top of the line iphone 14 pros, but still, you know, despite the fact that happen el has already come out with a warning earlier this month that they are seeing maybe possible lower production, you know, i don't know what the impact is on the bottom line but the stock is telling you that since we've been down the last few sessions that it could be less than say the 90 million handsets. ashley: yeah. all right, here is a shocker, susan, another headline involving elon musk. this time, he's offer offering advice to fed officials. what did he say?

>> yeah, now, doesn't surprise you, elon musk has opinions about a lot of things. so we're going to hear from jay powell later on today and here is what elon musk wants to hear from the federal reserve. he wants the fed to cut interest rates, tweeting that the trend is concerning. meaning the economic trend is concerning, and the fed needs to cut interest rates immediately. they are massive liamly friday ing the probability of a severe recession. remember, that elon musk said that we could be in for a slowing economy, a troubled economy past 2,000 or up until 24. now does the fed, are they going to listen to elon musk, not likely since we know that most of wall street expects them to at least raise interest rates another 50 basis points before this year is done. ashley: right. all right, let's get into the cryptos. not surprisingly, set to have the worst month since june, right? >> yeah, and up by okay, also, we did briefly touch about 17,000 by the way for bitcoin, so that was a rally.

some would say at least we have a bit of a floor and then later on today, i can tell you that the entire crypto world wobblies ening to what sam bankman-fried has to say at at that conference this afternoon, but the thinking is, you know, bitcoin has actually held up better-than-expected despite the collapse and the contagion of ftx and a lot of these big crypto hedge funds, so the fact that you haven't gone sub-15,000 has been some would say positive for cryptos, especially as we head into a slowing economic environment with higher rates to come. ashley: all right as always, terrific run through. thank you very much, susan. appreciate that. all right, coming up, i want you to take a look at this op-ed. china's zero-covid policy could be xi's undoing helen rally wrote that and she's going to tell me how he's facing a rude awakening. some states are actually helping out with a one-time stimulus check. we're going to tell you if your

states made that list, and dozen s of companies have either paused or pulled their ads on twitter since musk's takeover, but despite national security concerns the same companies are active on tiktok. think about that. we have the report, next. ♪ as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values.

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ashley: welcome back, everyone. let's check the markets all very quiet in the very early going. the dow slightly down about a quarter of a percent but the s&p and nasdaq essentially flat as we wait to hear from jay powell early this afternoon. all right, now this. since elon musk's takeover of twitter, dozens of companies have cut ties with the company,

yet, those same companies have remained on tiktok despite national security concerns. connell mcshane is on that story today and connell? it begs the question why is there so much outrage over twitter and none over tiktok? connell: if anything, ashley, look at it tiktok has been a winner in all of this. at least for now, we'll see how it plays out but there are a number of companies that paused ad spending on twitter when elon musk took over, and now, what we seen is some of them have started to shift those ad dollars and pick-up their spending in other places. the "wall street journal" points to instagram which is of course owned by meta but also tiktok, owned by the chinese company bite dance. now identifying these 11 companies which i'll put up on the screen you see the likes of american express, hilton, kellogg, many others these companies appear to be active on tiktok but not active right now on twitter. now to be clear when we say active we just mean posting on the platform, not necessarily spending on ads, but that twitter advertising exodus does roll on.

the big auto brands, the likes of audi and chevy and cadillac, they've dialed back on their ad spending and they stopped tweeting as well. jeep sent us a statement in the meantime. jeep is saying, we're pausing paid advertising posts until we have a clear understanding of the future of the platform under its new leadership. now, elon musk speaking of new leadership, has said and said recently, that a bankruptcy filing is not out of the question of twitter and he continues to go on the attack. he claims much of what's coming at him is politically driven accusing democrats in washington of coordinating attacks against him. outside of party leadership and independents like manchin, he said, referring certainly to the west virginia senator there, they are essentially actors on the political stage. not directors, or script writer s. now, just from a business perspective, ashley, one thing that i guess to remember, is this is usually an important time of year for twitter, when it negotiates long term contracts with some of its largest advertisers but as musk himself has said over and over again, many of those big spender

s, he identified apple, but there are others, many big spenders continue to jump ship. it's a tough situation. ashley: yeah. fascinating to follow as well. great job, connell. thank you very much. okay let's bring in vivek ramaswamy. he joins me now. good morning to you, vivek. the governor of south dakota by the way banned state agencies from using tiktok on their government phones. in your opinion, should that be happening in more places? >> i think it should. i mean, i think tiktok is a national security concern because it is a trojan horse for data collection in the united states, and ashley, one of the most remarkable things is that the version of tiktok that exists in china actually promotes math and engineering, not the kind of sexualized content that it promotes amongst youth here in the united states today, that's designed to be addictive for a reason because it's a data collection mechanism and as much as i think highly of kristi noem and what she does in south dakota this is not a south dakota issue it's a national issue and i do not say this

lightly but i think when it comes to a national security question like the one posed by tiktok's data collection practices, for the ccp, i think there's a reasonable conversation about whether that kind of platform ought to be banned, at least banned amongst young people using it in the united states. that's a federal question, not a state question. ashley: now, let me get this right, vivek. apple has been perhaps threatening to kick twitter out of its app store, which be the death of it, but at the same time, apple was quite happy to design the air drop feature, preventing protesters in china from sharing things without being tracked by the communist government. so, you know, it begs the question. what side is apple on here, against free speech, but for helping the chinese government. i mean that's ridiculous. >> well, if you want to point out the consistency of it, they're against free speech in both places. they are against free speech for chinese protesters in china and against free speech for every day citizens here in the united states.

now the problem, ashley, is that if you want to switch from apple you have a great choice. you have google. that's another choice that by large measure is likely to do the exact same thing. in fact both companies act in exactly the same manner with respect to parler just a year ago and this is the real anti-trust problem in the tech industry today. it is not an anti-trust problem of price extortion or pricing cartel. it is a cartel of ideas. it is an ideological cartel engaged in idea-fixing both here in the united states, increasingly in coordination with the u.s. government, but also in coordination with the chinese government in china, and i think that that is a new frightening threat that is a hybrid of state power and private power. there's far more powerful than either one alone. ashley: very quickly, i want to get into this , vivek. house minority leader kevin mccarthy slamming the administration for admitting they are keeping an eye on twitter under elon musk. listen to this. i'll get your comment.

>> keeping an eye on twitter under elon musk's ownership. >> that is offensive to me. governments going to go after someone who wants to have free speech? what do they have to look at twitter about? i think the american public have spoken on this. i think our first amendment stands up and i think they should stop picking on elon musk who will no longer let government go after people simply because of their political views. ashley: vivek? big brother, right? why is the administration keeping a close eye on twitter? >> look, this would have the framers of our first amendment rolling over in their graves. this is the number one thing they feared is that the u.s. government would target critics of the u.s. government and try to silence them, but what they did not imagine is that the government be coordinating with private actors to be able to do it through the back door, and i think there was some alarming reporting earlier this year. the remove removal of alex baren

son by twitter is one good example where the white house is specifically targeting individual critics of the u.s. government and silencing people. if the first amendment was craft ed to protect against one evil, that was the number one evil on the list, but the reason they've been able to get around the constitution and the first amendment is they are using the invisible hand, if you will, of the private actors, under the government action actually lurking behind the scene and that gets back to the same point i made earlier. it is not just governmental threats to free speech, it is not just the threat posed by private companies. it is the combination of the two that represents a force that is far more repressive for free speech and freedom in this country than any other force this company, this country has known, and that's what we need to wake up to. ashley: it's absolutely shocking , vivek ramaswamy, great conversation, vivek. thank you so much for chipping in and chatting with us this morning we really appreciate it. all right, coming up. i want to get to this story. we told you about the furniture store who laid off nearly 3,000 workers through e-mails and text

just days before thanksgiving. well now the company is getting sued. we'll bring you the latest on that story. meanwhile more than 40 million americans remain under a severe storm threat. at least 25 tornadoes have already ripped through the south overnight. we are tracking it all and we'll have the very latest right after this. ♪ ♪

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tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ashley: a tornado outbreak is underway in the south. 40 million people at risk, amy freeze joins us now. what is the very latest on these storms? >> ashley, the tornado watch does go until 11 a.m. central time so we're not quite out of it yet and there is some circulation in a storm that's happening right now in bay county, florida. here is a look at the outbreak. it's rare, but not unprecedented , to see a storm outbreak like this in late november. we had at least 30 tornado reports across three states. louisiana, mississippi, and the storms turned deadly in alabama. two people losing their lives. there is some serious injuries in louisiana as well and

considerable structural damage from these storms as they race through the wind speeds went well-above 60 miles an hour and hail stones were reported as big as lymes in mississippi. those hail reports, golf ball- size hail all the way as far north as ohio so more than 200 reports of severe weather with this outbreak but of course the tornadoes are the most serious and they are going into do damage evaluations on those storms today. the particular line that's going into the florida panhandle will be tracking those storms on fox weather. the latest on that information coming up and we'll show you how this rain spreads ink across east coast the rest of today. watch out for your commute home tonight alongi-95 slippery roads are expected. back to you, ashley. ashley: thank you very much, amy freeze, with the latest on the storms in the southeast. amy, thank you. by the way download the fox weather app, or stream fox weather on any device. keep you right up to speed on what's going on out there. all right, let's take a quick look at the markets. they have been kind of, well

treading water. we'll wait for jerome powell to speak this afternoon, we have some inflation data tomorrow and then the jobs report on friday. plenty for investors to think about right now just treading water. all right, still ahead on the show, liz peek, tennessee congressman mark green, martha maccallum, and former housing secretary dr. ben carson. they are all going to be here. the 10 a.m. hour of "varney" & company is next. ♪ ♪

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ashley: get you fired up on wednesday morning, we will rock you, the great queen, midtown manhattan. it is now 10:00 eastern. i am ashley webster in for stuart varney. let's get your