off tickets. she first did the scratch ticket and she initially won 50 bucks and she did another one, she won $17 5,000. i personally love this story, because my family has always put scratch tickets in our stockings , and we always sit around the breakfast table after we open gifts and scratch the tickets, and we get get it all over the breakfast table, whatever it is. i maybe win like a buck. maria: i love it. that's such a good idea to give the scratch-off tickets, and congrats to her. thought story. dagen, mark, great to be with you today have a good day everybody we'll see you again tomorrow. "varney" & company begins right now. david asman in for stu, take it away. david: maria thank you very much good morning, everyone i'm david asman in for stuary varney

the supreme court has halted the end of title 42 at least for the moment. it is a temporary stay and the white house has until 5 p.m. eastern today to respond. meanwhile, vice president harris says it's congress that needs to lead if and when title 42 does end, but wait a minute. wasn't she appointed border czar we'll get to all of this coming up and sam bankman-fried is closer to being extradited to the u.s.. he's expected back in court early this morning to finalize details of his transfer we're going to bring you news of all that when it happens. let's take a look at the markets right now. we see down arrows but its been flirting with the green arrows ever since the pre-activity began. the 10-year treasury yield let's see which way it's going. well it is up and as a result of that we may see downward pressure certainly on the nasdaq , and bitcoin, if we can take a look at where that's trading right now, it's up about 200 bucks, still within that 16 to 17,000 range it's now at $16,

796 a coin. well the senate and house appropriations committees have put a 4,000-page $1.7 trillion spending bill on the table, so as congress really about to pass a bill of this size which nobody has read, in less than a week? meanwhile as crisis after crisis hits president biden sitting down for another hard-hitting interview with actress and talk show host drew barrymore. we got a great lineup, brian kilmeade, and larry kudlow, and it's a chilly one in new york city, "varney" & company is about to begin. ♪ don't stop believing, hold on to that feeling ♪ >> we have two people from

jersey. david: there you go so it is perfect, it's an upbeat song. first up today, title 42 was set to expire yesterday, but supreme court has extended the order. lauren, good morning to you. lauren: good morning. so title 42 stays for now. supreme court justice john robert wants to hear arguments from the white house by 5 p.m. today on why they think this trump-era pandemic policy at the border called title 42 should be lifted. so president biden supports scrapping it and blames republicans for not spending $3.5 billion on the border for security that he proposed on his first day in office. the administration also continues to say the border is not open, as texas sends more national guard to el paso, as thousands await on the other side, in mexico, waiting for something to happen on wednesday. david: unbelievable. lauren: they don't know exactly what but they think something will happen and they will just come on over. david: and this is our closed border, right? well, thank you, lauren. the white house, as we said,

tried to claim that the border will not be open even if title 42 expires. watch this. >> but i want to be very clear here. the fact is that the removal of title 42 does not mean the border is open. anyone who suggests otherwise is simply doing the work of these smugglers who again are spreading misinformation and which is very dangerous. it be wrong to think that the border is open. it is not open, and i just want to be very very clear about that david: todd piro, how can they say that the border is closed whenever are day thousands of people just walk right across it todd: well because while we work for fox news and millions of people watch fox news, there's still 330 million people in the country on the whole. not every single one of them is watching so if you are watching any of the other people there's no mention of what is going on right now, to the degree that we're doing it, so yeah, they can hide behind the fact this isn't getting media coverage but anybody with eyes when we expose it to them can see the person on this side, here is the united states, they

make the crossing without any interference and when they get here, they are processed rather quickly and sent into the interior. david, we all know that's the reason this white house wants that money. it's not so they can add border security. it's the process of people faster to get them across the border. david: they are open about it. they want 3 billion of course they say 3 billion will end up probably being 10 times that amount but it's not for securing the border. it's for processing the migrants that are here. todd: to get them into the interior quicker, so that the biden administration doesn't have the optics problem with the fox news audience of all these individuals at the border but still, these people are going to be taxing the infrastructure system of the united states of america by some dhs worst case scenario we're talking 6 million people in calendar year 2023. look at our infrastructure right now. we can't handle what we have. not to mention 6 million new people who don't speak the language, and who really need a lot of assistance. david: now, even the folks who don't watch fox news if you live on a border state, if you live in arizona or texas, for example, you know what's

happening. you know either personally or you know somebody who has a personal experience with all this , and it was texas ag, the texas attorney general ken paxton who brought this to the supreme court with 19 other states so there are at least 19 states who have attorney general s that are very concerned about that and they are the ones that brought it to the supreme court. todd: we spoke with border council president brandon judd today and he said he doesn't believe that joe biden is going to fight this. he doesn't think by 5:00 today we will have a rebuttal in the supreme court, but i do think it remains yet to be seen. i think biden would like a little bit of an out here so he can go to his left base and we like oh, my god, the court said we have to do this , we have to keep title 42 but in reality let's face it. this administration wants an open border policy because they want these voters and that's what they are going to get. david: another one for your legal expertise, we've got another batch of twitter files with more details of fbi and other federal agencies influence on twitter to censor the hunter biden laptop story, and the

white house simply refusing to answer questions about it. they just refuse. watch. >> the latest twitter files show that the intelligence community was actively involved in discrediting the hunter biden laptop story. does it bother the president and those at the white house that a government agency like the fbi was involved in suppressing a legitimate news story? >> again, i'm just going to refer you to the fbi. i'm not going to comment from here about that. david: so todd, the white house is referring us to the agency that was pushing misinformation for more information. todd: that allowed, that young lady and her boss, to ultimately be in the white house because twitter definitely put their thumb on the scale and assisted joe biden into getting elected. we need to also remember this. the fbi ran twitter. let's come out and say that right now. the fbi ran twitter there, especially leading up to the election. what about section 230 immunity going forward? we have this immunity for big tech that allows them to getaway with cart blanche. these tweets come out, these e-mails, the twitter files, they ran twitter, and that's not

right. that's government interference. david: you know the twitter files is doing what the church committee did 45 years ago. it used to be we could have committees in congress that would have an honest representation of what government agencies were doing. now we rely on the private company. todd: what if elon musk didn't buy twitter? david: lord knows. todd, thank you you're here for the full hour appreciate your time. now, to the latest on sam bankman-fried. he has agreed to be extradited to the u.s.. what happens next, lauren? do we know when he comes back? lauren: likely today. so, several reports that there's a hearing around 10:00 this morning in the bahamas. there he's expected to attend that hearing and complete the extradition process. then, likely to fly to the u.s. today. also expected to request bail once in u.s. custody. two sources tell fox news sbf will be released on bail per pre -conditions his lawyer made with the sdny, the southern district of new york, in exchange for agreeing to be extradited here. if denied, he be held at a

federal detention center in brooklyn, new york and that is much better than what they call fox hell in the bahamas. the prison he was at. can you see him being released on bail? david: well, if he is, it be a travesty, because the guy could fly in a million different directions. lauren: he's a flight risk, absolutely. david: let's check the futures and they are negative right now, michael lee is here, so michael, do the recent wave of layoffs at big banks and big tech concern you? they still aren't in the tens of thousands, but they are concerning, no? >> yeah, well look, when you see a lay off from an investment bank, it's typically a pretty good leading indicator in that these banks have economists and they see what's going on realtime in the markets, they talk to their bankers and ask them what the deal flow looks like and they have the best look into the capital markets as pretty much anyone out there, so i'd say these are first of many to come. the first to fall off a cliff this year was housing.

there's terrific housing data this morning. next was manufacturing. we're looking at covid-low data there, and some of the manufacturing surveys and next is earnings and then comes the unemployment and hopefully this recession that i believe isn't coming, will crush inflation, so that we can kind of get on with our lives and move past this. david: but the question is, michael, what else are they going to crush? one thing, for example, as companies make less profit, that means less money going to governments and a lot of state governments are going broke right now. governments that were collecting a lot of covid aid during the pandemic and whose taxes are so high that their businesses are moving now to florida and texas like new york and california. they're going broke. >> yeah, well look. hopefully the shrinking of government will be one of the pluses from this recession, but i don't know of any government that's ever really gotten dramatically smaller. it seems once they grow to a certain, you know, once they

grow, they never really go in reverse but we can hope and pray for that. david: okay, markets in 2023. what do you see? >> so, i see an ugly first two or three quarters and then a reversal when inflation is dead and the fed truly pivots, not these head fakes we've seen this year. i think we're in for rough seas ahead. earnings estimates for 5% growth are off bias much as 20%. i think interest rates are higher for longer next year, and a lot of people expect so that's going to cause turmoil in the first and second quarter maybe even bleeding over into the third quarter but with that, inflation should die as the economy is contracting dramatically, then the fed will pivot and be off to the next business cycle. david: michael lee, great stuff , thank you very much good to see you. coming up president biden gave his first major tv interview since the mid-terms, but it was drew barrymore, and let's face

it she only asks softball questions. >> jill's favorite room in the house, do you know what it is? if dr. biden has a free friday night, does she want to go out or stay in. if flotus could change one of your habits do you know what it be? david: gee, softball i don't know. let's face it, it was softball. we'll get into all that and then there is this. a massive winter storm set to become a nice maritime before christmas. the looming storm will disrupt flights at some of the busiest hubs in the nation. jeff flock has that report, coming next. ♪ the plans that we made, walking in the winter wonderland ♪

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♪ david: it's still dark in san francisco, of course, a beautiful day in san fran particularly from a very chilly new york. in san francisco, it's cool for san francisco, but 44 degrees is good from here to new york. futures they're looking down right now, and of course, about this time yesterday, they were about the same amount. they were kind of flirting with the plus and the negative ending solidly down yesterday so we could see anything before the end of the trading day. meanwhile airlines are seeing a decline in the number of unruly passengers. todd, i hear you laughing already. do we know what's got people to calm down on their flights? todd: it's the greatest story ever. breaking news, david. people hate wearing masks on planes to the point of violence, and so in-flight disturbances have literally plummeted this year since a court overturned president biden's mask mandate on planes. yes, this is real. the current rate of unruly passengers on u.s. flights is

1.7 per 10,000 people. look at that. that's down from 6.4 in february this according to real clear politics, but while the question of masking is settled for now, biden's justice department is seeking to enforce the mandate, challenging the april ruling in court. its been on the books now for about eight months and look. people are happier not beating the you know what out of their fellow passengers, and the flight attendants who are doing a thankless job. david: you know, some habits die hard, particularly when you begin to get unruly. you see this. i don't know if it's all masks, is it? lauren: i do not condone any of the violence but i do take offense when i'm on a plane and my, you know, one-year-old is pulling my mask down and i'm getting in trouble for not wearing my mask. david: has that happened to you lauren: yes, going to aruba. i'm like just leave it where it is. i got reprimanded by the airlines. todd: then you also have the people who decide for an eight hour flight they are going to be eating the entire time so they can keep the mask down. david: it was 99% masks, that's

what happened. i don't know. i think there's change in the social atmosphere since the pandemic. i think masks was just part of it but who knows. todd: all right david: we'll with see what happens, lauren, todd, thank you very much, meanwhile a massive winter storm is set to arrive this week as many prepare to travel for the holidays. jeff flock is at an airport in philadelphia, so how bad is this storm supposed to get , jeff? reporter: um, it could be bad, david. you know, breaking news though, people are getting along. that is breaking news, i'll tell you. they might not get along this weekend though. this is a beautiful day to travel today in the northeast. sunshine here in philadelphia. take you inside maybe you can see what it looks like in here. lines, yeah, busy, sure it's christmas travel time and christmas travel week, but nothing out of the ordinary. this thursday and friday, however, could be very different picture. take a look, david, at the map that our friends at fox weather put together. christmas blizzard is what they are calling it and yeah, that's

what it could be, sweeping ink across upper midwest could be as much as a foot of snow or more in and around the great lakes and zero degree temperatures in minneapolis and des moines behind it, as single-digits in chicago and st. louis even as far south as louisville going to be cold in florida too, no snow. take a look at the numbers on travel. this is coming at a bad time because we are going to have 112 million people on the roads and in the air for christmas. that's an increase from last year in the air specifically we're looking at almost 30 million people. that's an increase of 18% from last year, and approaching pre- pandemic levels. worst days to travel that'll be thursday, as that storm is hitting, and december 30, according to the tsa and the experts say you can't do much about the weather. listen. >> people are excited to travel and excited to hit the skies again, and the volumes that we're going to be seeing over

the holidays are going to be similar to what we saw pre- pandemic so there stands to be a lot of folks potentially stranded or delayed if the storm does deeply impact air travel in the next week or so. reporter: and david, that's just as people were, you know the air control system was starting to get its act together. cost by the way, well not so bad airfares up 6% according to the folks that know, and rental cars are down about 20% or so. i leave you with a final look here at philadelphia international. we've got people going for the holidays. here is a nice young family and a little fellow with his dog. there you go. beautiful. david: as you say, today is the day to travel, but unfortunately, as we head towards christmas it's going to get worse weather. jeff thank you very much. you know i'm just looking todd, and lauren, at weather forecasts for friday we'll go from 57 degrees to 19 degrees, within 24 hours and that's when the rain, there's got to be ice. are you guys traveling? lauren: fortunately no, but you

know what you have to say? you have to keep track of the weather on christmas eve and day, so if gets really bad you can give your guests a warning so they can start going home so they don't have to sleep over. time to go! roads are getting bad, out! david: are you traveling? you do everyday. todd: it's not that bad. i lived in california for 12 years and did this commute back for christmas and you try to coordinate with i don't want to go to an airport where there's snow. i thank my lucky stars i moved home in 2012, don't have to deal with these shenanigans that are really tough in the nations mid- section. david: fox news poll showing more families are doing better than last year, but lauren, overall sentiment is not so grade. lauren: so 37% of families said they had a good year economic ally speaking. that's the best showing since 2019 before covid. i think that was reflected in the mid-term elections, right? with how we voted. i'm okay. i have a job. my family is okay, but the countries not okay. look at this poll, 67% of voters say the u.s. had a bad year and the top issues are the economy

and immigration. they say those are the worst problems that the country has. david: and guess what, todd, it ain't going to get better in 2023. most economists are saying at least the first half of the year it's really tough times. todd: the other half are saying the rest of the year could be tough as well. look, i keep popping out kids every other year so i guess 202s was 2020. who knows what the odd year is going to be. david: i was just going to say you're popping out kids? todd: valid point, david, well- played. david: gosh, great stuff, gang, thank you very much. let's check futures the opening bell is next, as we're looking at a down market but again things change quick. we'll keep you up-to-date, coming next. ♪ ♪

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the refrigerator is greg's happy place. my kids eat. but i finally figured it out. we can get all that we need and then a little bit more at walmart. ♪ david: and a quick check at the futures. they're down but not by much. the dow is down about 22, pre- market activity. nasdaq taking it hardest, down over a half a percentage point but again, those things can change very quickly when the markets open and they are about to. meanwhile, here is luke lloyd. luke, is the santa rally turning into a santa slump after the past couple of days?

>> yeah, absolutely. i mean, the santa rally happened in october and november in anticipation of a december santa rally right so its been a complete santa slump. kids are most likely happy come christmas but santa is stressed out about how to make ends meet in 2023. i mean, look, i think next year, will be one of the most obvious slowdowns in recessions that everybody knows about but most people ignored or already looked past it. everyone wants to be a contrarian investor right now, and i think a lot of people are going to get themselves into trouble being a contrarian too early. the next six months are going to be rough in the economy and the stock market. there's really no win situation in the next six months. if the fed doesn't hike enough consumers continue to rack up credit card debt and get into a much worse situation down the road. if the fed does their job, continues to destroy demand through the labor market, there will be economic pain and a lot of unemployment. david: and there have been a couple of negative days, of course at the end of last week

particularly, but markets still have a long way to go before capitulation, right? if you're waiting for capitulation, before you buy into the market now is not the time, is it? >> everyone is waiting for capitulation and possibly, a fed pivot down the road right? they are looking for government intervention. david: that's not going to happen for a while is it? >> i don't think so. i don't think it's going to happen until at least probably the next of next year. the problem i have with everything right now is that natural organic economic cycles don't seem to come organically or natural anymore. they seem to be controlled by central government or a central bank. that's not capitalism and not free market in boom and bust cycles. government sending and a fed pivot could turnaround the market niche initially. we're all seeing how that ends up when it's time to take the medicine from the market standpoint the markets only care about the federal reserve pivot ing, their hawkish stance. the market will rally initially

but i find that unlikely but even if that does happen a pivot isn't actually good for the stock market. if our job was to position our client portfolios on just what the federal reserve would do next that would make our lives a lot easier. the fact of the matter is it's all about valuation and earnings and valuation and earnings estimates are still too high for 2023. david: it's not just our country of course or our federal reserve, our central bank. other central banks are doing the same so the whole world is going into this contraction mode >> i mean, look at europe. look at the inflation issues in europe. i know we talked about japan hiking their interest rates and that kind of scared the markets today a little bit, the bond markets specifically but look at europe, the prices they are paying for utility costs. >> [opening bell ringing] >> we're the last domino to fall and i think it falls in 2023. david: luke lloyd thank you very much i think. it was a negative forecast but we appreciate you being here, luke. let's take a look at the big board as the opening bell just opened and as you can see there's a lot more green on the screen right now than

anything else. the dow flirted with green territory, now it's moving slightly negative but again, it is a very very mild day in terms of movements as of now. most of the movement in markets have taken place sort of later in the day. the s&p is down more than the dow right now down about a quarter of a percentage point and the nasdaq taking it on the chin i think it's fair to say, all though not big time but down a half a percentage point. all of those big tech companies are pointing south right now. let's stay on amazon for a second. they had huge gains during the pandemic. have they been able to keep those gains, susan? >> apparently not so you're down about 50% so far this year. lowest close since march 2020 before covid started and yes, we are on track for the worst year since the crash of the dot com bubble. they are guiding for the worst sales growth over the holiday shopping period and they are are laying off, conserving cash and

this morning announcing they are paying fines to settle the eu charges of anti-trust, being accused of helping their own private labels while scrap ing data from private sellers on on the there mean tile, apple, this headline crossed that apple will reportedly, this is according to several reports out there this morning start making more of their mac books in vietnam starting next year as it continues to shift production out of china with the disruptions that we seen zero covid policies there. jpmorgan also cutting their iphone forecast over the holiday s by 4 million units, and ship around 70 million so great. now, apple worth 190 and jpmorgan's view that's a long way from 130 and we're close to breaching that level, we're down 25% this year. also this morning a headline that india has approved a few hundred million dollars for apple supplier foxconn incentives to continue to ramp up and build up production there , so that shift out of china is very stark, i think, around the world. david: let's talk about

electric cars, and lucid, their electric car people just completed a major equity offer ing. how much money did they raise? >> we're talking about $1.5 billion, majority in a private share sale and that was most of it, $900 million to an affiliate of saudi arabia's public investment fund so the saudi public wealth fund now owns a majority in lucid. it's 62%, and lucid is really finding that it's not easy to make electric cars which i'm sure elon musk and tesla can tell them all about. they are only producing around 2,300 in the summertime. they cut their targets for production this year down to only six to maybe 7,000 of these high-end electric sedans beautiful lucid air is the one that you see on the commercials but they cut that production target down to six to 7,000 from 12,000 to start this year. also by the way, important to note that saudi arabia, remember a few year ago, nobody wants to take saudi arabian money, and now everybody realizes that's the only place to go to raise cash and funds especially with

the oil boom that we seen over the past year. david: well another company had a really tough year, netflix recently rolling out their new a d-supported tier, how is that doing? >> not well, the "wall street journal" pretty much confirming what we heard lath week which is why the stock sold off only 9% of new sign-ups for netflix were for the new 6.99 ad tier last month when it launched a majority were people rejoining the service, signing up for the first time but it also shows you that netflix and their much-touted ad-supported tier isn't bringing in the subscriptions that a lot of investment banks hoped for. last week we heard from cowen, wells fargo, that said it could drive around 23 million new sign -ups in just the next two to three years. i think that's lagging right now also, you want to check in on the other streamers. yesterday warner brothers discovery one of the worst performers, this morning walt disney also trying to recover from their worst year since 1974 david: since 74? wow. >> do you remember those years? david: no i wasn't born then.

i've heard of it and read books. >> [laughter] well, bob iger is back, he's trying to obviously right the ship, we know that avatar was pretty disappointing over the weekend $134 million in the domestic box office be great for any other studio except when it's avatar 2, most profitable film of all-time and you need $2 billion just to breakeven, so yes, there are some problems there and streaming, you know, we still have pretty lofty level s of 260 million sign-up which is is what bob chapek, iger's predecessor penciled in in the next two years or so. david: we were talking electric cars. you can't talk electric cars without tesla. how is the stock? >> not well because we are poised to go below sub-150. here we are, we're at 145 here overnight. david: wow. >> and you had cathie wood still a believer so she picked up around another 4 million shares on top of the 11.7 million she bought on the dip last week, so kathy, you know, she made her name by calling 4,000 for tesla stock.

i think there's a lot of hope that maybe with that elon musk twitter poll he will get somebody else in at twitter soon, so he can focus on his $500 billion car company which is way below that level for the first time in two years . also nio, by the way, they were hacked overnight and some car data was stolen, and apparently, the hackers are asking for payment in cryptocurrency of 2 million or so. david: oh, my goodness. i think tesla, the reason why it's also depressed is theres a demand issue, right? demand issue in china since they are offering incentives there, cutting shifts, delaying hires, also here they are offering $3,700 in incentives if you buy a tesla before this year's end. i think it's an indication that there is more domestic chinese competition and really just a lot of ev competition down the pipeline. david: also we had some company earnings reports. let's go with general mills. >> you know that's surprising it's down because i actually thought it was a pretty good quarter for them so they reported better profit, better

sales and they raised their full year forecast. also they've been able to raise their prices, you know, for their lovely cereal. i don't know if you have some of the cereal brands, but they have been able to raise prices in line with inflation. david: frosted flakes is my favorite. coming up the supreme court temporarily halting the end of title 42 but listen to a cnn correspondent warning the white house. roll tape. >> those images that we are going to see this week when title 42 ends are going to be unavoidable and impossible for the administration to ignore david: now they're saying. we'll take that on. also catholic priests in the u.s. becoming more conservative even as their congregations become more liberal. i wonder what the theologian jonathan morris makes of all that. senator rand paul has an issue with a spending bill. i wonder if larry kudlow does as well. he is here and i'll be asking him, next.

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david: checking the markets the dow is just really it just went to the green as i was speaking so it is pretty much flat-lining here s&p is down a little more. nasdaq is again, down about a half a percentage point. well, meanwhile senator rand paul slamming the massive $1.7 trillion spending bill unveiled last night. larry kudlow joins us. larry let me read to you. we have it on air. this is what rand paul said. "i object to a budget that nobody will see to the very end, thousands of pages long, created by a few people, basically in secret, i see no value to this process, we're ruining the country." larry kudlow do you agree? larry: well, yeah, look. rand paul, on our show is even

tougher than that a couple of nights ago. he said the senate republicans have given up the power of the purse and then republican party has emsaculated itself, think about that word, david asman. david: he was tough, yes. larry: and by the way, there's a lot of truth to it, because look, even with this so-called omnibus spending bill, which is a betrayal of the voters who elected a republican house and won't let kevin mccarthy and his new team develop their own budget, so that's another key point, but look, this bill be 36 % above the pre-covid 2019 budget baseline, and what they're doing is democrats are jamming through a lot of covid welfare assistance programs with no work requirements to get them permanently into the baseline as mandatory spending, so the

bill should be defeated. rand paul is exactly right. let the house republicans run their own budget, not wait another year. let's try to cut spending for heaven sakes, let's re prioritize, you know, let's help on the border, let's try to get some good tax cuts, let's open the oil & gas spigots things of that nature, so yeah, rand paul is dead-on right and a lot of republicans, we'll see. you need 41 gop votes to stop the omnibus and to institute or reinstitute the spending caps that have been in place for over 10 years and if you did that, you'd actually cut about $150 billion. david: but rand paul said he was lucky -- larry: 41 republicans. david: rand paul also on your show i watched it and he said there are only three or four senators that were voting for him the last time he tried to hold back their spending.

larry: yeah, it's an exercise in republican courage and bravery. david: unbelievable. you know, the other thing that really hurt, by the way, what they're doing essentially, you hinted at this , is they're taking covid emergency measures because we were in the middle of the pandemic, and they were supposed to be phased out in fact a lot of them were phased out but they are making those emergency measures permanent, right? >> yeah. see we don't know, we only know a few things that are in this bill, okay, coming out of the appropriations committee from senator lahey, and -- david: senator shelby. larry: shelby, sorry. we only know a few things. those two guys are the earmark kings of congress right now, but there's a lot we don't know and i think you're going to find out when we dig in. now there may not be time, because as rand paul suggested,

the aggregate number comes out. nobody has a chance to read a two or 3,000-page bill but you will see they are going to try to restore covid spending and again, david, now that they put it into the mandatory spending baseline which is bad enough there will be no work requirements, there will be no work fair so this problem of, you know, people have stopped working, because it doesn't pay to work, you know, america's very generous country. we help people who are down on their luck, but we don't do it permanently and the government should not pay more than a typical average median job pays, and that's another problem with this whole omnibus spending business, so, you know, save america, kill the bill. that's what i say. save america and give kevin mccarthy and the new republican team that was elected by the voters, give them a chance to do their own budget, right now, not a year from now, but right now. david: well larry one thing

they did take out was something that was actually very helpful for businesses, and just as we're going into a recession most people assume the first couple of quarters of next year will be recessionary. the bill took out the immediate deduction of research costs incurred by businesses, tremendous help. that was part of the stuff you put together with the trump tax cuts. it was very helpful to small businesses. they need that sort of thing now but that was taken out. larry: yeah, well, you're right. of course it was taken out. it was pro-growth. it would have helped the supply side of the economy. heaven forbid we should do something that's pro-growth and produce more goods and services or produce more business investment and productivity. look one of the great themes here is the feds fight against inflation is getting no help from the supply side of the economy. start with oil & gas production, include the r & d tax credit. by the way, the bonus

depreciation, the 100% bonus depreciation now starts to phase out, so it goes down by 20% per- year. that's another thing that should have been restored and in fact kevin mccarthy and the house gop would like to make the entire trump tax cuts the successful trump tax cuts permanent, but this kind of legislation will prevent that from happening. there's just too much spending, and by the way, the spending will not help the federal reserve. it be nice if the fed didn't have to jam us into a recession but they need some help from fiscal policy and they aren't getting it. david: and by the way nobody is going to read this thing in two days, right? they've got a timeline that forbids people that makes it impossible for people to actually read it so once again, we're going to be passing something that nobody has read, quickly. larry: well, i think you and i are going to read it and commit it to memory aren't we? david: i just remembered the

important part like talking out one of the most successful things you put in that immediate deduction part. larry: if you don't read it and commit it to memory, susan li is going to read it and commit it to memory. somebody has got to read it and commit it to memory. david: susan probably hard has. she's always two-steps ahead of everybody else around here. thank you, larry. we'll be watching you this afternoon 4:00 p.m. eastern time right here on fox business, larry thank you so much for being here, appreciate it. coming up, haven't had enough of harry and meghan yet? well, you're in luck if that's true. todd obviously hasn't watched enough of it. netflix is adding a new series featuring the couple. we've got the details for you and for todd. well, would you eat nothing but meat, salt, water, for 30 days? lauren: yes. david: lauren said yes! it's the latest trend on tiktok, beware, but is it safe, tiktok safe? dr. siegel is here to answer

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david: believe it or not harry and meghan was a huge hit on

netflix and todd, now there's another docuseries to keep you busy in your weekend nights. todd: oh, no there's more? following the docuseries, harry and meghan, netflix is set to air another show features the royal couple. a trailer for "live to lead" dropped yesterday featuring the couple as well as ruth bader gi nextsbu rg, and femininist gloria steinem, all am coming out december 31, perfect viewing for the conservative in your life with that kind of a line-up first you go to fox nation and get your tucker and then you go gloria steinem, and the royals, i think that -- david: i'm sure lauren will tune in. lauren: it's so funny i had nothing to watch last night on netflix and i kept seeing advertisement for harry and meghan, i couldn't do it. i knew i should have done it for research and i had no desire david: just couldn't bring yourself to do it.

now, i know stuart says, can you imagine stuart sitting down? lauren: i vouched for it. i didn't see him watch it but he did a couple of my takes on it and i don't think he watched every episode, but quite a few. david: it's amazing. we want to stay on harry and meghan for a second. they allegedly wanted an apology from the royal family after they chose to air their dirty laundry any chance that will happen? lauren: no, don't forget "spare" the new book by harry comes out january 10 so it's going to get even worse so the royal expert, shannon felton says if all they wanted was an apology, they could have gotten that over a zoom two years ago. they wanted to use "the situation" to its full extent to setup their new lives. it's not that i don't think a summit, as in a get-together, will happen, but what exactly is going to change? nothing and the royal family has made that clear. well, the family has done nothing. they are flying over this drama, not adding oxygen to it. david: they got class.

lauren: the next test is may. the coronation of king charles. reports say harry and meghan will be invited and other reports say they will not attend unless they get the royal apology. david: todd? todd: can i yield the balance to somebody else? my mom watches this junk. look, i agree. i look at this from the perspective of a father like i could never do my family dirty like this. i have no desire to be a part of this. they are overplaying their hand and really hurting the royal family. david: would you give up your career for the sake of your family by the way? todd: i'd give up whatever this career is i do, but in a heartbeat for my family because that's all that matters at the end of the day. david: todd thank you for joining us good to see you. still ahead dr. marc siegel, brian kilmeade, katie pavlich, and pete hegseth is there as well. the 10 a.m. hour of "varney" & company is next.

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