♪. stuart: the question is, what percentage of the world's population lives in the northern hemisphere? >> 90%. stuart: you're going with 90? >> i'm going with 90 because of a country called china. stuart: i go with 80, i go with the country named china. good lord, 9 answer is 90%. who would have thought. >> i was originally going with 60. when you said china, i said, it would be 90. stuart: you learn something every day. neil: thank you for that, stuart, very, very much. we're sprinting ahead, aren't we, stuart? a lot is lifted by likes of boeing, visa, i could also add american express and microsoft.

again this will be a busy week for news. we'll get a two-day meeting on part of federal reserve by wednesday. overnight lending rate, federal funds over4%, very close to 5%. the betting we'll see a half-point hike. that does not seem to be rattling the market or concern about the retail inflation report due out tomorrow. what seems to be a growing consensus building here we're through the worst of the inflation thing. that could always be dangerous assuming that. let's go to jackie deangelis keeping an eye on all these developments. >> reporter: neil, you're right, it will be a big week for the markets indeed despite the fact everybody is in the holiday season. let me walk you through this tomorrow 8:30 we'll get fresh reading on inflation as you mentioned. november cpi is expecting to say prices jumped .3% month over month slightly less than .4% of

in october. yearly basis, prices climb .7%. less than october's 7.7% growth rate. for context recall however, last friday the november producer price report wholesale price growth was slowing a little bit, not as much as the markets were hoping for. all the little nuances investors will be watching. as you mentioned tomorrow the fed will kick off the two-day december meeting. we're expecting a decision on interest rates. be announced at 2:00 p.m. eastern time. initially the markets did think the fed would hike another 75 basis points. now consensus is that we'll get a 50 basis-point hike. this is after some commentary from the fed indicated it could slow the pace of these hikes as we move forward. either way, any commentary or any guidance from the fed chair could set the tone for investors for 2023 finally on thursday as you mentioned the retail sales, well there is some concern that persistently high inflation could be taking a fight out of

this holiday season but so far the indicators seem to show that consumers are still spending, black friday, cyber monday figures they were very strong but important to remember while the sales were high consumers got a little bit less for what they spent. we'll be watching all these things, see how the markets react, neil, it a lot to take in. only monday. neil: exactly. will be a long week. thank you for that, jackie deangelis following developments closely for us. that is where things seem to be for the markets and runup. the idea inflation part could be moderating that might be a leap of faith. go to scott martin, jonathan hoenig on that. jonathan, what do you think hope on many of the markets we're through the worst of it. can change, often does, what do you think? >> neil, keep in mind the destruction has been monumental. this is the second biggest loss of capital, of wealth, since the global financial crisis. all right, there has been tremendous damage done even before the fed started hiking.

what seems to be the case this time, the fed is talking about hiking rates. meanwhile interest rates are coming down. either it means, neil, the economy is slowing or inflation is slowing. as you said interest rates are down from 6% or 12% on the long end. the fed looks like they're wrong to me. i'm seeing a tremendously slowing economy. despite today's gain, most stocks are below the 200-day moving average and i'm a bear. neil: interesting, scott. a lot of people have money on the line, mastercard would be among them. mastercard out with a statement that is sees inflation peaking but it is going to remain above pre-covid levels well into 2023. in their case it, it is something that their whole business depends on and they're saying it is kind of like the quasi-best of both worlds. it is still out there. not as out there as we feared for next year. what do you think?

>> yeah. aren't semantics funny, neil? we couldn't find inflation even if we tried to create it. to say it goes back not to pre-covid levels is a heck of a statement. but to that point of yours maybe we get to another plateau here, maybe inflation levels off at 6% longer term, which wouldn't be awful. jonathan's point is exactly prescient. jonathan you clearly stole to my notes i sent to everybody ahead of the show, rates are coming down. inflation is getting worse, more rate hikes are happening from the fed? open market interest rate on 30 year, five-year, 10-year, two year, i could go on and on because the market knows that the fed is closer to the end than the beginning inflation is closer to the end than the beginning and eventually things will settle down. neil: jonathan, i spoke to ken fisher last week, he says there

is never sort of like a screaming blue light special or green light special now is the time to buy, we might look back at this period, saying this was the turning point. he is not saying that from a bullish perspective, he is saying there are signals, these are among them. what do you think? >> ken didn't become a billionaire by having a short term focus. headlines are very bad. inflation, regulation, likely more taxes even coming down the pike, whether carbon taxes what not. investors with the long term focus made money over time. where i'm putting my money however is not the old favorites, not google, not amazon, not tech names, some off the radar screen names. is this anything like the period of 1970s or early oughts, money made in value stocks, international stocks, not the tech favorites that led the market so long. neil: scott, i will flip that

around what elon musk is saying about the federal reserve, among other things saying they are overdoing it, they will amplify the recession i think by extension, i don't want to put words in his mouth that they already hiked too much. what do you make of that? >> i think he is right. the market is telling him that. bond rates, market returns are telling him that, neil. that is funny thing nowadays, if you want to get on tv, tongue-in-cheek call for recession or ceo or money manager that suddenly is news when in reality i think the if he will get the message sooner than later. they coovertighten, neil but my prediction, more they overtighten more they loosen next year. maybe they hike three or four through march, forward from there, they will start loosening as fast as they tighten if the economy suffers. that is something stocks will look forward to. by the way preempt, as far as rally ahead of that move because that's what stocks do, they rally ahead of the recovery.

they rally ahead of the rate cuts, just like they did on the downside here. neil: you know, jonathan, the new york fed has a survey out. i don't know what to trust, who to trust here but this one looks at consumers, how they're feeling about things. apparently a good many consumers see inflation easing not just a little, but a lot. they could be wrong. often times that is the case but the markets seem to be seizing on that. well if consumers feel that things will calm down and they're confident of that, that it will have a spillover effect and improve their mood, improve the environment, what do you think? >> well, neil, that is a real surprise and it's a turn around because consumer confidence has been pinning the lows for really most of the year. neil: exactly, exactly. >> it is definitely a good sign and interestingly a lot of consumer oriented stocks, campbell's soup come to mind doing quite well right now. what is interesting, neil, whetherly "shrink-flation" or

consumers tapping into credit they haven't really slowed down that spending. they are willing to dip further, and further into debt. that is a good sign short term that consumers are more confident in spending. what we need is producers, elon musks of the world feel more comfortable putting money to work, investment capital to work, that is where the new economy and new jobs will be created. not the economy but consumption. neil: thank you, guys. elon musk has been busy as a bee, looking at twitter and changes, almost something every day akin to a document dump revelations we didn't know and secrets that were clearly kept. grady trimble on capitol hill with the latest. >> reporter: they call them the twitter files. the latest revelation shows that the social media company faced pressure from both with inside the company and people outside people like michelle obama and others to pull former president trump, then president trump from

the platform. at the time ceo jack dorsey was on vacation. so this was mostly handled by other top executives who have since left the company or quit. here on capitol hill to the dismay of republican lawmakers some on the left are making the case for this kind of censorship. >> in my view is, let them do that. is that a good thing? wellit may be a necessary thingr the platform. >> doesn't matter what part of the aisle you sit on but censorship is bad for the country whether on either side. >> reporter: republicans are calling that dorsey could face legal consequences some things he said other didn't say in congressional hearings. one thing he denied republican carts were suppressed. >> social media is being rigged to sensor conservatives, is that true of twitter. >> no.

>> sense sorrying people? >> no. >> twitter shadow banning prominent republicans, bad, is that true? >> no. reporter: but the files musk is releasing show that prominent conservatives were in fact shadow-banned. it is unclear from the documents we've seen so far, neil, whether the same rules applied to liberals on the platform. neil: very well-put. grade did i, -- grady, thank you very much. the wagons are circling, what are they circling? go to tiana lowe of "the washington examiner." a lot of revelations. i do notice uncanny those on the left generally ignore this, those on the right rightfully are offended by this. i wonder if it goes much further? what are you hearing? >> a democrat consistent threat to all of this before the twitter files was released representative ro khanna who

expressed concern to twitter about them suppressing hunter biden story. this didn't follow the principles of twitter being a public scare. twitter is not beholden to the first amendment. it is protected by section 230. those are immediate legal implications. whether or not twitterer violated fec rules, we know that twitter got this trouble with the fec before. whether twitter heads like jack dorsey lied to congress. that is why michael cohen originally went to jail. that is a crime to lie to congress underoath. restructuring of twitter, what implications there are for social media in general i would say an underanalyzed respect of this how differently publicly-traded companies are rain versus private companies. now elon musk has taken twitter private. we've seen that private companies tend to be ran more efficiently. they tend to have more solidity in their r&d. maybe this is a good thing going

forward. maybe this is sign something like trump's truth social should be private, should not have ipo. also, yeah the scales were rigged even if there was no legal violation. as a matter of principle was pressing their thumbs on the scale of this election. neil: you know all the proof you need it is not exactly fair and balanced tiana, the way elon musk was treated. when he was the rocket guy, solar panel guy, energy guy he was a rock star. when we get libertarian hints from him, criticisms of those on the left, even though he is equal arbiter when it comes to bashing those in power, then he is a clown. then he is way, way overrated, even though he became the world's richest man. that is a second thought when we talk about second-guessing a guy like that. but that's the big change here. the only reason for that change is because who he is talking about now. >> oh, absolutely.

it is hard to imagine someone who is decarbonized the economy and set america, most of the developed world on pace for a net zero future however many decades away that might be. it is not as though elon musk is entertaining january 6 conspiracy theories or fringe -- nothing he is weighing is in incredibly partisan. the idea are you committed to twitter being a public square or not? should stories be suppressed or not? i think the way he is dumping the story is very similar to the way wikileaks dumped the dnc emails that it obtained, right? it's a slow drip and most importantly, he is giving it to journalists who have immense credibility but also work outside of the establishment, right? bari weiss, ex-"new york times." matt taibbi the reported all over the world, including in russia, critcat of the war on terror, has real left-wing

bonefides. but all the reporters working with musk are being coded as right-wing. why? because they are standing for a principle that sunlight is the best disinfectant. more speech is better than less speech. neil: yeah but you know what is did i tush disturbing there, whether musks speaks out of turn you cannot, you know, deny the success he has had in the companies and fortunes on the whole new industries he has carved out on his own but it is those very industries right now where you have some on capitol hill looking at spacex and defense-related contracts that he already has won, and his influence over, for example, the solar, related energy battery situation for electric vehicles. this scrutiny i dare say probably would never have happened, i don't think it's a leap of faith on my part, if not for his musings over twitter and what he has said? >> oh, absolutely and there is

obviously like a moral of the story that is much broader with musk. i see it a lot with sam bankman-fried and ftx, regulatory capture, how the federal government is allowed to pick winners and losers to emerging industries like crypto and green energy. the fact that elon musk by daring to open up his mouth rather than being like you know, any other billionaire who just hides behind his private jet, that is the reason why the government is now deliberating whether or not they do want to be helping out industries like tesla, industries like spacex which is filling a lot of the void that our government spending or should say divestment from things like space technologies, space spacex has been filling. i hate to say this, elon musk is one of the few good megabillionaires right now. neil: certainly one of the most accomplished. i feel, when i hear journalists kind of like me second-guessing

a guy like that and giving him business advice that is sort of like me giving dietary advice. i don't know if i would go there. but it is what it is. great reads on everything and i certainly appreciate it, tiana lowe. before we go to break, let you in on a very interesting development crossed the wires from the financial times that vladmir putin canceled an annual press conference just as unease is growing over the ukraine war. you might have heard overnight russian soldiers took huge losses in on the eastern side of ukraine. whether that coincidental i have no idea. the bottom line a big press conference he would brag about progress on the part of russian gains in ukraine stymied overnight and all of sudden this press conference stopped all together. we'll keep you posted on that and keep you posted on what a so-called lame-duck congress can do with your money. the frantic rush to spend it or

do something with it after this. ♪. research shows people remember commercials with nostalgia. so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. it's customized home insurance from liberty mutual!!! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ chevy silverado factory-lifted trucks. where will they take you? ♪ ♪ (dog barks) ♪

silverado zr2, trail boss, and custom trail boss. because adventure is everywhere.

it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited. only $30 a line per month. that means you could save hundreds a year over t-mobile, at&t and verizon. the fastest mobile service and major savings? can't argue with the facts. no wonder xfinity mobile is one of the fastest growing mobile services, now with over 5 million customers and counting. get in on the savings and switch 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.

♪. neil: all right, stop me if you ever heard this before, maybe about a thousand times before, government on the brink, they got to move fast to avoid the government shutting down or a spending nightmare. it always gets a little bit more involved in that. it is always different each time we're told but generally the drama is the same, how they resolve it. chad pergram on capitol hill with the latest hey, chad. reporter: neil, good afternoon there is hope of avoiding a government shut down this weekend. democrats aim to put their mark on spending before the house flips. they want to pass an omnibus bill which runs through next fall but a short-term bill may be necessary to avoid an immediate shut down. >> what i think we can see is a one week extension from this friday up until the 20 third 24th. we may be having christmas eve together but i know that the committees are working

feverishly. reporter: however there is concern they can't get an agreement. that would force congress to pass a short-term bill which expires in early january. >> the term extensions are temporary solution to the ongoing crisis we face. clearly what i worry about is republican efforts to hold hostage next year if we don't get an omnibus bill passed. reporter: conservatives prefer an interim bill. that way a gop-controlled house can pass a billowedded with gop priorities early next year. >> we can come up with common sense ideas as it relates to spending or two, they can decide that they don't want to engage republicans. we kick the can down the road if you will until after january 3rd when republicans control the house of representatives. reporter: gop members concede they cannot say that publicly.

they admit it will be a challenge for the house to approve much of anything next year. that includes a government funding bill. neil? neil: so, in the interim this is the lame-duck session that is deciding this or trying to iron this out, right? reporter: that's right. people say why didn't they solve this in september. that was the deadline. why don't they solve it this week versus next week? a few nights ago baker mayfield came back, two scores, last minute 1/2 of the game here. they play until the end of the game here on capitol hill. it is the same thing. they don't stop with 10 seconds left or two minutes left. next week that will be the end of the game. they will play until the end of the game. neil: that's a very good analogy and it is a consistent one too, thank you very much, chad pergram following all of that. maya macguineas doesn't like the game part of it because it's a familiar game with her. she worries about the debt that keeps piling up in the interim that does not seem to be a

priority, maya. >> no. i worry about the debt, but i worry this country doesn't even pass budgets. if we take a step back for a moment, there was supposed to be budgets that came out of the budget committees last spring. they never appeared. they didn't even try. it was almost non-news because we fail to pass budgets so routinely these days. we wouldn't be in the last minute struggle if they put a budget in place and done the appropriations as they're supposed toe by the end of the fiscal year at the end of september. here we are at the last minute. yes, what deeply, deeply worries me at a time of near record debt and soaring inflation is that the only way they will come up with a deal by adding on a whole lot of additional things, none of which are paid for. all of which will increase the debt exactly the time we should not be doing that. neil: even if they did nothing, higher interest rates alone are walloping us right now and if

you think about it, maya, debt is factored, priced at all levels but we have come from roughly 0% own overnight banking rates, sometiming, maybe this wednesday, a little over 4%, soon 5%. that is adding a lot of money to this red? >> and i do think about that all the time because those interest payments that are soaring under the federal government are one of the biggest reasons we should never have getten ourselves in this situation. if one looks back in the past years there are so many so-called experts making the case debt doesn't matter or interest rates were low we should keep on borrowing so we did. we borrowed when times were rough, when we should of during covid, for instance, and borrowed when the economy was strong, under this president, previous presidents it has become a habit. as a result our debt is so high if interest rates go up even one percentage point above what is being currently projected, it

adds $240 billion a year just in interest payments. our interest payments are on track to more than triple over the next 10 years. so yeah, this is unfortunately one of those kind of i told you so moments if you keep on borrowing, if and when interest rates go up and they will, it becomes incredibly damaging and costly to have to pay on all of that debt we already borrowed. neil: you know what's troubling, maya, to your credit, as head of the committee for a responsible federal budget, not many are worried about it. it wasn't even on the top 10 list of concerns about the voters going into the midterms. i don't hear a lot of bellyache ing about it from either party on capitol hill, so i wonder what if any progress is made? >> it is incredibly concerning and i constantly am trying to think about how do you get people to understand the fiscal foundation of the country when it is weak like it is weakens

every other thing we care about, the daily costs of things people think about all the time are negatively avenue affected by such high debt but the truth is we're never going to make progress on this issue unless we have political leaders. it starts at the top in the white house who really care about this issue. we did decades ago. we did in past times have many political leaders who made this a top priority for them but we don't now. i honestly think the high levels of polarization where both parties are competing with each other to give away things, whether it is tax cuts or spending inscreenses but very few people are talking about these things and rarely in the presidential elections in the past couple has this been a central issue it is very hard to make a mandate for it but i will make the case it weakens our economy and it weakens our national security so we should deeply care about this issue, because it is something every year we don't pay attention to it it is making us weaker as a nation. neil: keep being a pain in the

butt about it. you are one of the few. it does us all some good. stay with it. maya macguineas following all of that. it does seem, democrats way they survived midterms, a lot better than they thought, there is no reason to coalesce or change or pivot as famously known. don peoples a very close confidante of barack obama. he said that would be a huge mistake and very bad interpretation. he explains after this. ♪.

my asthma felt anything but normal. ♪ ♪ it was time for a nunormal with nucala. nucala is a once-monthly add-on treatment for severe eosinophilic asthma that can mean less oral steroids. not for sudden breathing problems. allergic reactions can occur. get help right away for swelling of face, mouth, tongue, or trouble breathing. infections that can cause shingles have occurred. don't stop steroids unless told by your doctor. tell your doctor if you have a parasitic infection. may cause headache, injection site reactions, back pain, and fatigue. ask your asthma specialist about a nunormal with nucala.

neil: well pivot, shmivot. democrats who were thought to get clobbered in the house, maybe lose three dozen seats,

maybe lose the senate as well, are sort of looking at wounds they no longer seem to mean to lick because they are limited. so many democrats are saying there is no need for the president to pivot on pretty much anything. in fact the agenda, progressive one at that remains. that is of great concern to done peebles, a democrat, close confidante of president obama, says there are tea leaves here that democrat are missing and might be wise to pay attention to. don, always a favorite on this network when when he get him on to pick his fine brain. don, you're saying other things democrats are forgetting, not the least of which of course in couple years they have 23 of the 33 senate seats up for grabs to defend, but there are other messages in the most recent election they are ignoring as well. explain? >> well, if you take a look at the race in california for los angeles mayor, that was an extremely tight race. you had karen bass, more

moderate democrat on the progressive side, then rick caruso who was republican who changed parties to become a democrat. it took them a week to finish counting the votes to pick a winner there. in new york state governor hochul had a much tougher race against lee zeldin. so what the message is, is that people who are living in these very liberal environments, that they are looking for quality of life. if the democrats do not get a handle on crime, if they don't get a handle to the out of control taxes that are running businesses out of their markets, the voters shift on them. you're looking at the shift now. you look at what happened in florida, a swing state, desantis beat charlie crist a former governor by almost two million votes, what that says is that people are rejecting these progressive, far left policies

and until the democrats address that and change i think they're going to have some closer races and ultimately i think they will have some surprising losses. neil: you know a lot of progress serves say don't overdo it though because there is a sentiment building among some of them that they're losing young people in the party because they're not progressive enough. sure enough, you know, young voter enthusiasm was waning in the final weeks of the campaign. how do you explain that? >> i think it is a message. if you think about the message that democratic candidates around the country were utilizing, it was anti-trump, it was scaring voters especially women, that their reproductive rights were going to be taken away from them. there was no real discussion about the impending recession that we're going into. there is no discussion about how to address inflation which is

taking money out of the pockets of americans every day and affecting their quality of life and there was no meaningful discussion about how to get control of our cities where crime is at epidemic proportions. so these younger voters are maturing a bit now too. they are looking at some of these broader issues and finding that the party is not addressing them but then they look at the republicans and the candidates that have been put forth have been less attractive than in years gone by. so therefore is left these voters with no place to go so they stopped voting. neil: it looks like joe biden is going to run again for the presidency. i don't know if that is a foregone conclusion but what do you think of that? >> i think that's going to be tough for a number of reasons. one, the country is not in a good place. we have a impending recession and inflation is out of control

and we have crime going around the country in major cities where people don't feel safe in their own homes. i think that, along with the fact that he is certainly you know, he is going to be a okay at that. at octegenarian in the white house. that will be tough for him. there is a discussion about his ability to serve. look, what happened in pennsylvania kind of throws some of that out of the water as well because again i think that the president, you know had been able to convince some voters that you know is up for the task and so i think though that the democrats are going to have to search their soul but they're counting on trump being the republican nominee. neil: if trump is not the republican nominee, then what? >> oh, i think if were desantis, for example, it would be a very difficult position for the

president to run for re-election. i mean you would have an exceptionally popular governor, one who has been extremely effective, one who is certainly conservative but getting results. i think it would be very tough and it would be an interesting contrast. i think the democrats would have to take a closer look. again we talked about this before. i think the democrats are in a tough position because vice president harris, her numbers are worse than president biden's numbers. so as a result she is not a viable alternative, so in order for the democrats to have a different candidate they would have to look outside of this administration and i think that would be very difficult for them to do and the president certainly has the grip on the party right now. so be very difficult for them to nominate someone else. so i think the democrats would likely lose that race. neil: interesting. don, great catching up with you, my friend. thank you very much. >> thank you, neil. neil: all right, don peebles. we do know that

sam bankman-fried will testify before the house financial services committee. what we don't know how hot and how nasty it could get. let's just say, very.

(fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products.

we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. neil: all right. he's a wunderkind, but a lot of people wonder how he could lose billions of dollars and maybe drag himself before those in power who might seek eventually putting him in jail. he gets a chance to state his case before the house financial services committee but what happens after that? let's get the read right now from kelly o'grady who is following all of this ahead of it, the fact tomorrow, in los angeles. kelly. reporter: hi, neil, yes this will be contentious. tomorrow kicks off two days of bipartisan hearings, one in the house, one in the senate. i just spoke to his rep, he confirmed bankman-fried will join the house hearing via zoom.

he doesn't plan to appear at the senate banking hearing on wednesday? to agree to testify sbf says he doesn't have access to much information. so far he has chosen his words very carefully relying on a defense of incompetency and denying the company's fraudulent activity. take a listen to this. >> not to my knowledge but i'm not sure. i don't know what they, you know, what they did with which pieces of assets. i don't remember the exact date. i don't know exactly at the top of my head. i don't know exactly what procedures were used but i don't know. reporter: that message will be juxtaposed against testimony of new ftx ceo john jay the third. he has new financials. he characterized the collapse as the worst failure of corporate controls he ever seen. suggested that some leadership may be compromised. the key question lawmakers will delve into that whether alameda was using customer funds and where the missing money is now.

how he paved for certain things loo bahamian real estate. remember he also donated to 40 million to predominantly democratic campaign this cycle. sbf drifts into the minutia of crypto. this kicks off tomorrow at 10:00 a.m. expect lawmakers on both sides of the aisle to use this as a jumping off point as a case for regulation. back to you. neil: break out the popcorn i guess, kelly o'grady thank you very much, following all of that. kicks off tomorrow, two days of it in fact. one of the things you've been noticing when you go to fill up your car the price of gasoline has been coming down. it is nothing where it was when president biden first assumed office but it is lower than where it was a year ago. oil is lower on talk of we're avoiding a outright recession that saps demand that might be a

leap. gas is going the other way of late, trending going down. the question is how long. phil flynn is our guy following all of this. what do you think, phil. >> the party's over? no, i don't want to say that but i'm very concerned this drop in gasoline prices everybody in the country is just loving ahead of the holidays may be coming to a really ignominious end here pretty soon and the reason why of course, is a report about the keystone pipeline. everybody remembers the big debate over the keystone pipeline, neil, but this is another pipeline that has been in operation for a very long time. it brings oil down from canada to the big u.s. refiners t produces gasoline and diesel and the problem is, it had a leak, a big leak. the biggest leak in keystone history, over 588,000 barrels. now last week the market was pretty optimistic that the keystone people, tt energy, the company that owns keystone, could bring it back online

fairly quickly but, now, they're very concerned because they really don't know what caused the leak to this point. if you don't know what caused the leak, you can't bring it back online. so the market is starting to get more and more concerned. the longer this is down, the bigger threat to your gasoline prices that they will start edging back up again. neil: so how can we have oil prices edging up, gasoline prices edging down? because the administration was arguing when oil prices were falling why was gaits prices weren't doing that? now the opposite. they seem to be fine with that. >> it is all about refining capacity. what the biden administration doesn't realize, they were using data at a time where we had more refineries in operation. they're using data where we had four more big refineries that are no longer in service and one of the things you really want to look at, neil, talk about the discrepancy between the price of oil and the price of gasoline it is called refining capacity.

how much of that capacity are the refiners using? i will tell you this, if they're trying to drive up prices they're doing a very bad job because u.s. refining industry are producing gasoline and diesel fuel at the fastest rate ever considering the restrained capacity that they have. neil: wild stuff, my friend, wild stuff. phil flynn, thank you very, very much. >> thank you. neil: there is a royal snit going on this "harry and meghan" docuseries, whatever they call it, the second tranche of this being dropped this week across netflix but there is a push on the part of king charles not to invite these two to his coronation next spring. what's he going to do? we're all over it after this.

♪ at prudential we think you should say it when things go right too. like, when you score your dream job. sell your business. or discover she's smart... really smart. now what? here's what: you connect with prudential's rock-solid team serving over 50 million people. with investment, insurance and retirement know-how. who's your rock? visit prudential.com or speak to an advisor 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. >> i courtesied as though i was like -- ♪. pleasure to meet you, your majesty. was that okay? neil: you know, i have been watching this thing, the first three released last week, including that one, and did you notice, prince harry's reaction to her, his wife, talking about

the first time she courtesy before hiss grandmother. a lot of people are uncomfortable. some a lot so. some are saying this isn't really just a chance for them to redeem themselves, but a chance to sing the royal family and maybe great britain itself. we have a royal commentator extraordinaire. there is growing pressure of king charles not to invite them to his coronation? >> you're absolutely right, neil. at least six very prominent voices, different areas of leadership, literally the military, historical backgrounds, political backgrounds, it was the rear admiral, chris perry, he is from the navy of course and he said the fear is, if they were to attend the coronation, that they would tread and tell about

everything. i mentioned historians. there is lord andrew roberts. if you haven't read his books they're phenomenal, lady antonia frazier. if they hate the royal family they shouldn't be coming. they may detract from the attention on the king and king consort. also, bob sealy, the mp from the i'll of white, introduced a bill to remove their titles. this was the bill to remove the titles of first world war of those that were pro-german. this is a historical act he aims to supplement from 1917. and then also the former leader of the conservative party, ian duncan smith and also david mailer. military leaders, political leaders, historians, all saying the same thing, all urging the queen. you're right. polls are showing british public nearly 50% don't want them

coming, think their titles should be removed because they will be booed. neil: how about inviting them in the hope they don't show up? i always think that people insited me to fancy parties, surely cavuto won't show up and i do but i just wonder does he wants to be above the fray, i invited my son and his wife. not too keen what they have been saying but i will not get in the sandbox with them? >> i think there might be, neil, a ruling somewhat like remember the queen did this rather diplomatically in terms it of former queen, queen elizabeth ii. she had no senior royals appearing on the balcony. only quote, working royals. it may be only working royals. you're right, not disinviting them but may be something issued will put them in a category but i hope no one forgets, and that is the issue with this documentary, not only are they now bashing their own royal family and particularly prince harry's perspective, his mother

left him over 21 million-pounds, more in dollars. then his father gave him 35 million after mexit. this person has inherited 15 million. he is bashing the sort of the hand that fed him. they have also very importantly, disrespected the queen and i think this is the issue that is really crossing the line, dissing the commonwealth saying 2.0 which it is not. that would be the reasons. neil: we shall see. we don't know. the next few episodes are up to netflix this week. we'll see how far this goes, awkward to put it mildly. hillary, thank you very much. we have the dow sprinting along up over 300 points. more after this ...

municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest,

call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. i know there's conflicting information about dupuytren's contracture. i thought i couldn't get treatment yet? well, people may think that their contracture has to be severe to be treated, but it doesn't. if you can't lay your hand flat on the table, talk to a hand specialist. but what if i don't want surgery?

well, then you should find a hand specialist certified to offer nonsurgical treatments. what's the next step? visit findahandspecialist.com today to get started.