dirksen senate office building 02 thirds of the country will experience a white christmas the way things are looking for

this massive storm and it might not scare many people. in florida they are talking temperatures 30 ° below normal. i am kidding but it would is cold and nasty and following all that all of this with a backdrop where we are waiting for the santa claus rally. it is a long way from santa claus rally. we have governor chris sununu joining us with the house ways and means committee pouring through 6 years of tax documents from donald trump, they can be released later today but let me go to lauren seminary. food is big. what we are looking at here. dirksen senate office building general mills, serial maker.

strong earnings, $5.2 billion, human food like cheerios is the problem, sold under the blue buffalo line, sales were flat versus expectations, 15% growth, retailers cutting back on inventory, he called the disruption testimony, people spend money on fido, a high-margin business. maybe trading down to a cheaper line. those are -- that is why this is so alarming. stock is down in response. we are not starving the humans. general mills has success like many companies and they said they might continue to do so

going forward because we accepted those price increases but if there is a disruption in the pet foods business. shall we talk housing? it is slowing. the latest report shows builders broke ground, here are the numbers. and where is the market holding up. builders building multi family units. if you rent out those, but can't afford to buy a home. dirksen senate office building 0 mortgage rates declining. dirksen senate office building not yet. yesterday we found out for the twelfth month in a row an unprecedented 12 months in a row, builder sentiment fell at a level of 31 in december, 87

last december, 87 to 31, the market has tanked. >> so many rules and regulations, we are seeing creative practices like the mortgage, buydown, lowering the rate for the first couple years. and the buyer would hope at the time, is lower. and you are not a scrooge. families are spending half of their time focusing on that, not everywhere. and 50% of what you make a month for christmas gifts.

we are seeing weird stuff this christmas week. dirksen senate office building i don't want to blow smoke but -- she has big headlines with the iphone. has to be -- >> what that i start with? >> business. so think about it. but you didn't delineate, why do we place animals above ourselves but you have to do this. it comes up, does he give you any time to prepare for it? >> a little bit of both. and sometimes don't ask me a question. i love when we disagree.

dirksen senate office building 0 if it happens again he will take a week off. merry christmas. dirksen senate office building i did confess in the break, i feel like there is not one item that is have to have. dirksen senate office building 0 my kids are older. i like your brother more. so more for your brother. to keep it going. dirksen senate office building they write down, you have to count the number of boxes in the pile. i didn't feel you get 10 items and i only have 8. a little more. dirksen senate office building 0 not relying on the proper things. let's go to constellation research ceo. something about what is going

on, don't know we will get a santa claus rally in tech, even with the comeback from our lows, still down 33%. 's next year going to be like this year. >> the answer is yes, until q3 without clarity of interest rates, still in a bear market for quite some time. >> you are seeing another half year of this? >> it keeps jerome powell, doesn't do enough, a double dip recession, you don't use job markets, we've been super resilient, basically there is a dual mandate, to wreck employment to drive down inflation and interesting to watch. but since may local leaders,

north america is good, middle east is good, australia is doing good, but that's in the conversation. dirksen senate office building 0 the contrary in and you would say everyone dial it back, your along with it. >> the challenges -- dirksen senate office building 0 you won't return some money for that until -- >> we were bullish until october and ceos are putting budgets in, we will reduce some numbers and putting the growth mudgett at the same time saying we could grow but because people see the budget presented

to the street markets react so people thought the economy would be great but it is us orders coming down, the us is coming down, might be coming down, it will continue so to put ourselves into recession the fundamentals are really good, still on the job inside and growth side, growing 17%, that is what companies are doing. dirksen senate office building 0 got it. good talking to you. i want to go to the white house, hillary von, 10 million jobs go begging, there might be reasons for that. what is the latest? >> reporter: we are two years removed from the pandemic but still millions of people out of work even though there's plenty of jobs for those who want one. the casing millions has been a mystery to some but there are a few factors experts say are

causing it. early retirement is one, another one are the benefits of staying out of work, paying more in some states, the dirksen senate office building unleash prosperity did a study, they say it is generous and employment benefits keeping some people out of the workforce, there were 3 million people working today compared to pre-pandemic numbers from february 2020 and in some states it pays well to be unemployed with generous permanent benefits bringing in cash to equal a median household income in 24 states. cording to analysis from the committee, the group says existing unemployment benefits and dramatic annexation of obama care subsidies, about to earn 80,000 a year from a 40 hour workweek job to have the same after-tax income with certain families with two on employed spouses receiving government benefits. the top stay with the most generous out of work benefits, washington where if you add everything up, the same as

making $30 an hour, these are not endless, they do expire but for the time period they didn't pay out they paid pretty well. >> hillary von at the white house. former white house budget director, you look at all the dynamics in this one$.7 trillion spending package trying to rush through in the middle of the night, haven't learned anything, maybe eventually we will but it is on, don't see it going away. >> the parties have learned nothing. we are on the verge of a new house republican majority and republicans in the senate mentoring through the massive omnibus bill they haven't read, it spends massively, we don't have that money available and

as soon as january, we have lower spending, leverage points that allow us to get rid of entitlement spending. dirksen senate office building 0 republicans know they have to control the house so why not a temporary cr to get us through the hump, they take over in january and have something more like that. >> the biden administration, more than they care about dealing with financial house they are dealt with and at all costs want to remove every leverage points for the house republican majority. they want to provide a year of no leverage points, and the benefit of going home and having things named after patrick lahey, reservoirs named after him. that's what they want, that is literally the swamp, the cartel and there are limited ability

to stop this, everyone wants, to bump this, with lower spending. dirksen senate office building 0 before kevin mccarthy hopes to be the democratic -- the republican leader of the house. how bad is that getting. >> kevin mccarthy is doing what he can't get the votes that he doesn't think he's going to get but the fact they are just having this friction is a time of how far in unity the two parties have been as it comes to these leverage points. kevin mccarthy had a white house meeting with all the other leaders in washington which he wanted to do in an omnibus bill, that has changed thankfully and you will only

see more division of senate republicans don't go where the new house republicans majority needs to go because they just won the ballot but the economic policies are so out of whack. >> dirksen senate office building 0 the administration, i forget what was happening but the administration more or less was saying by the end of next year and more recent retail inflation number coming off of its highs, by the end of next year, we are in good shape. do you by that? >> i don't buy that, one of the things i will be looking for in the new year is the extent to which to changes the fed has made has ripple effects throughout the economy in firms and decisionmaking people have been overextended the cheapness of debt so that continues to play out next year even if you

see inflation come down, that will not lead the fed to drop interest rates so that something i will watch all of next year. dirksen senate office building 0 thank you. you have to know your math for that. in the meantime here, taking a look at the push to get rid of tick-tock except when it comes to the president of the united states, he's not so keen on that yet. charlie gasparino has that after this.

what if there was a community of like minded people ready to support you when you need it most? christian health care ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are, regardless of your health history, offering values based affordable health care cost solutions. learn more today at yourchm.org about health care that puts you in control.

punch up your portfolio with benzinga and world renowned trader chris capre. learn the lucrative options market and how to effectively trade in a bear market, starting at just 99 cents. benzinga, take control today at bzoptions.com

dirksen senate office building 0 the clock is ticking. some of these production almonds are free, thank you for watching us. the best correspondent on the planet, charlie gasparino is on

this story. there were videos and the international security threat or whatever. charles: i saw you dancing in some video. of we 20 it was a dark and stormy night. tucked into the omnibus bill. charles: tiktok has been a huge story. going back to 2020 we broke the first story at fox business, the trump administration was pushing to ban it and tiktok to sell to microsoft. that did not work and at the end of the trump administration, but the national security is apparently

real, republicans and democrats, and used it for surveillance purposes. it is very bipartisan concern. we are two years in the biden administration, tucked into the on of us spending bill. neil: democrats wanted. charles: there's a type of a ban on tiktok that if you have a federally issued device for nancy pelosi or aoc, you cannot have tiktok apps on this. i am not sure how many congressional aides and congresspeople are dancing around with tiktok. neil: or than you might -- charles: that is where we are right now. fast forward, what is going on in the biden administration? people close to the administration tell the fox business network there is a

debate, the national security types, the guy that runs the fbi, other national security types are concerned, this does have national security concerns and they want to ban or something that is more deliberate. there are ways to get net server. if they control the programming. neil: does the white house support that? charles: the treasury does not support that. the council of foreign investment in the us could block tiktok from being on any apps. they want to middle ground. neil: it goes higher. neil: you are not culturally into things like i am. charles: my niece pedicle tiktok video, this is what you do?

neil: envision a time in the united states were you can't. charles: if there was a republican president and republicans controlling the house and senate, they will have hearings on this. this is where we are. there's going to be a national security debate about tiktok. maybe it keeps muddling along in its current state which is nothing. where we could see that. or adults in the room say do we really want 13-year-old little girls running the country and national security? you think about that? neil: did you think you are off on ages? you don't even know. you are in the weeds. charles: you don't want the national security apparatus -- i will give you a few years.

neil: you broke more stories this year than all these other ones so -- charles: do you say that? neil: i am looking at the time, the best in the business. one of my favorite guests, new hampshire governor chris sununu. would you be for shutting down -- i know it has come up among certain governors, enough already at tiktok. what is good and bad is not good enough to stick around in your state and by extension this country? >> we let in terms of banning tiktok from our state run devices but the message, this is not about 13-year-old girls on tiktok. the average person using tiktok is in their 20s and 30s, not just for dancing around but a lot of different things.

we are banning it because it is a clear, unquestionable risk. anyone in government who thinks it is not is looking the other way but we want to change the message, we want parents to understand and communities to understand the risk that tiktok faces. it is not just tiktok. there are other apps, they could be wall way or ali baba and other apps, affiliated with other entities that also present similar risks. i don't want people to think it is just about tiktok. this is a new existential threat, a new form of cyber security breach which is one of the biggest threats to american sovereignty, and we are taking all aspects of it. we don't want anyone in government delivering information within our system so i would be allowing apps to do the same things. that the new world of cyber.

neil: a lot of american companies get information on you from apple or amazon to say nothing of facebook or whatever it is, do you draw the line when it goes outside this country? >> when it is an x essential threat to the country, the security of the country as a whole, yes. when the chinese government is controlling that it is not just for marketing a new product like a lot of these apps do. it is about manipulation, leverage, exploitation, not just of government but employees and individuals, families, this could get very big very fast, the federal government and places like the state of new hampshire taking the right steps on government devices but could extend beyond that. neil: the january 6th committee is record ending criminal charges independent lawyers have to bring up and kick

upstairs to the attorney general of the united states, and do you think there's enough there to pursue the charges. >> i was supportive as most folks were with these committee hearings so they could find out what broke down, everything around january 6th so we can get real action. the problem with the entire hearing process, it has become so politicized no one is buying any of it. did it take two years to secure the capital, and with all those types of things that led to the january 6th crisis, but they have over politicized it to the point we have unprecedented action taking criminal charges being recommended by this committee to a former president and is barely a headline. people have moved beyond the whole thing so they over politicized the committee, the

action a lot of the american people were hoping would come from it. we want to make sure, everyone wants the capital safe and it was a complete breakdown with few people to explain where and why the breakdown happened but that was the point of the committee in the first place. neil: the house ways and means committee has donald trump's tax records over six years and they might be released today. do you think they should be released? >> former president trump famously in that debate bragged about not paying taxes because he said he was smart and he was right that the system didn't work. a lot of folks don't have to pay taxes. that is what we are going to see. the problem with the whole thing is he didn't fix it. that's one of the reasons he got elected in 2016, he was in that game.

he understood that he could be the want to go to washington and drive the solutions but nothing got fixed, nothing got adjusted by either party. everyone walked away from it. that's the biggest frustration with this process. they could release the taxes, that's up to them. i could care less but the most important thing we take from it is there was no action because of it. do we have faith of the reaction moving forward or is this just another political witchhunt trying to garner political headlines? people said one thing in the november election, get stuff done. be bipartisan, move the ball forward, get things done. this just isn't -- i don't think it will rise very high on people's radar because no one has a lot of faith the corrections will be made in the federal system. . 20 are you going to run for president? >> are you? neil: you are the big cheese. >> you have a big name, a

bigger name than i do. neil: the first in the republican party to kick off, that gives you a certain advantage, you wanted to walk for reelection, you could make a credible case. i won't make you decide one way or the other. >> i have to see if my application to be the ceo of twitter goes through. all options are on the table but people are talking about it. having conversations but my focus is new hampshire. neil: we will watch things closely. have a merry christmas, my best to your family. we have a lot more coming up including this big storm, weather materializes half as cold, half as snowy, we notice twice as bad for holiday travel as already, after this. ♪

♪ what will you do? ♪ what will you change?

♪ will you make something better? ♪ will you create something entirely new? ♪ our dell technologies advisors provide you with the tools and expertise you need to do incredible things. because we believe there's an innovator in all of us. (baby cooing) - [joe] sacrifice. surrendering your desires for the sake of someone else. sometimes sacrifice is tedious. sometimes it's rewarding. and sometimes it takes everything you've got. (man yelling) - i love you guys. - i love you too. - be careful son. (rotors whirling) (beeping)

- [joe] sacrifice. surrendering your desires for the sake of someone else. sometimes it's tedious - [father] you're doing so great son. - [joe] sometimes it's rewarding. sometimes it gives you back more than you could've ever imagined. the sacrifice they made for our freedoms is priceless. will you please join me in making a small sacrifice for them by supporting disabled american veterans? call and give $19 a month, just 63 cents a day. to help a disabled veteran who sacrificed for you. there's never been a greater time to show your support for our nation's greatest heroes. get this memorial dav blanket when you call and give just $19 a month as a reminder of the sacrifice our nation's greatest heroes have made for you.

your gift, no matter how small helps veterans and their families get the benefits they need and deserve. please, call or go online now. if operators are busy, call again. or give right away to helpdav.org your gift today honors their sacrifice forever. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when our clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different.

neil: the storm threat is on in the concern for 100 million americans traveling this week, charles watson following it all in atlanta. what are we looking at? >> reporter: a lot of folks are getting ready. airport officials are coordinating with airlines, making sure they have a proper staffing in place ahead of the holiday rush. the idea in atlanta and elsewhere, the airport is running as efficiently as possible in the face of the weather and things are expected to get bad in terms of the weather. forecasters expect freezing temperatures for most of the

country, a bomb cyclone could bring heavy snow to the midwest and produce blizzard conditions in milwaukee and chicago. the major airlines are prepping for a messy holiday week. american airlines just a couple who are issuing customer travel labels while airports across the country are ready for 7 billion travelers already facing delays in some cases. >> airlines are better prepared. it is a broader ecosystem. tsa, the faa, and even the airlines. >> fingers crossed that the weather doesn't impact everyone is much as it might depending on what happens the next 48 hours. >> british airlines says an it glitch that grounded its flights is fixed, this led to delays leaving passengers stranded at airports for hours including jfk new york where

people tried their best at crowded gates, drivers should buckle up for delays on the roadways, aaa estimates 102 million holiday travelers, many could run into snowy icy conditions. folks have cheaper gas prices, gas buddy reports, prices down $2 a gallon in the last 6 months. >> gas prices, the past month and 1/2, that helps with putting money back in your pocket. >> gas buddy estimates and national average for gallon of gas could go below $3 so that the trade offer folks, cheaper gas over the holiday. neil: i like the way you balance that out. charles watson in atlanta. in inflation, it is very high.

ray blanchet, the big cheese, the ceo. good to see you. explain how your tryout customers, sticker shock when they go to the grocery store. you are trying to help in a different way. >> we have embedded in the business. every hour that we are open, so there's a place for the guests to migrate for rituals. we are about to announce friday night deal, canadian lobsters for $20.

the good news is we are starting to see the food basket, cost of goods, we are excited to see that. neil: i wonder, your restaurants are still packed. that goes beyond europe. how would you describe those things now? >> pretty good and consumers will be resilient. the inflation we've seen for the last 6 to 8 months, historical inflation but we are seeing gas prices go the right direction which tends to be a straight line correlation with same-store sales restaurants face. feels like our consumer is getting a bit of relief and as we look at 2023, we have to medicine optimism. neil: i would be curious, what

do your customers do? to cut back or fry to deal with higher prices whether they rethink appetizers, share something, i find the whole notion, i'm not sharing my food with anyone. i understand people are far more gallo terrien and nice, but what are they doing? >> we do see some check management where folks may give up the appetizer but they don't give up the entire occasion. a lot of times when the economy recesses, restaurants are good place to be. the consumer spends 5% earnings historically, whether we are in a bull market or bear market doesn't matter, it is 5%. a flat line across the board so we think we are somewhat

insulated in that our consumers, you get a little bit of check management but generally they will still come out and eat. neil: there is that. let's keep the economy going whatever way it is. thank you very much, ray is the ceo of tgi fridays. we are keeping a close eye on pain relievers for kids and it rings a bell, this idea of what limited kids, extended to everything after this. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade

♪ there's no going back. chevy silverado factory-lifted trucks. where will they take you? ♪ ♪ (dog barks) ♪ silverado zr2, trail boss, and custom trail boss. because adventure is everywhere. what should the future deliver? (music) progress... (music) ...innovation... (music) ...discovery? or simply stability... ...security... ...protection? you shouldn't have to choose. (music) gold. your strategic advantage. (music)

visit goldhub.com.

♪ 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.

neil: something else in short supply for kids, major pharmacy cad -- kids pain relief and the like. lydia is following that from montclair, new jersey. >> reporter: limit on product

purchases going into effect if you can find fever reducers in stock. we put the supply at the cvs behind us. experts tell us what is driving this shortage is extreme demand for the products, caused by an early flu season and confluence of respiratory viruses affecting pediatric patients. you can see the number of children's pain reliever product sold for most of the month of november, nearly 63% higher over the same time last year. >> had to go to three stores the other night. the combination of all of it, being a new mom is hard enough. >> reporter: as you said chain stores limiting the purchase, cvs placed a to product limit on kids pain relief products brought -- bought the red pharmacies are online.

walgreens limiting customers to six purchases of over-the-counter fever reducing products when buying online and kroger is asking customers to limit their purchases to two kids's pain relief products and four cold and flu items. in the midst of this scarcity we are finding fever reducers like tylenol are being sold for nearly $90 for a 2 pack on amazon. in response to our query about this particular post amazon took this product down so now it is not available but if it is not $90 tylenol it seems the struggle is finding the product at all. a real problem is experts tell us, scarcity and fever reducers for children will last the rest of the winter cold and flu season. neil: thank you for that. with the spike in covid cases

and the concern covid death are spiking, we are learning this from secondary sources but this hits close to home, vladimir putin and xi jinping have joined arm in arm and joint military exercises, beginning tomorrow. more on that after this. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more.

as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.

gh with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo.

neil: china and russia are getting cozy again. military exercises for the second time in as many months. more live military exercises for the next 48 hours. all of this with the backdrop of rising covid cases, china still serves as the direction of a lot of these things. gordon change, the upcoming collapse of china, first off, on these joint military exercises. >> the most important thing is they are becoming much more frequent. these are double american cooperation 2022 which tells us these things are yearly. the more important thing is

china and russia are practicing interoperability, their armies and navies which means those guys are thinking of fighting together and these are in the east china sea near the coast of japan. on friday japan announced a new defense strategy to double defense spending but more important, to develop counterstrike capabilities, the ability to work more effectively with the united states in attacking attackers like north korea and china. neil: where is this relationship going. between xi jinping and vladimir putin, xi jinping is almost embarrassed by the ukrainian war the russians can't seem to win but by the same token, seems a plausible ally in vladimir putin. >> china and russia, put in and xi jinping very close together. a lot of very smart people in

washington say these countries will never form an enduring partnership but i don't care what they do in the middle of the century. i care about right now and right now they are working closely together and although xi jinping should be embarrassed by vladimir putin, he's backing the guy to the hilt so we've got to understand the world is cleaved in two, china and russia coring the notice forming the core of a new access and they intend to take on the existing international system. neil: i always think china would look what is happening to russia when it was economically isolated and with a lot more at stake, might be ready to face that but why would it want to? it is in china's interest to try to avoid what landed vladimir putin in this globally isolated position. what do you think of that? i cling to that as a hopeful sign that maybe china will avoid doing something crazy but

maybe not. neil: remember xi jinping even before ukraine was isolating china from the rest of the world and he was doing that for a number of reasons none of which are very good. the chinese view the world in very different terms than we do. i'm not sure there's anybody in the us especially me who understands what is going on as china closes itself off but we got to make sure we don't mirror image, we don't think they think like we do because we can see from various instances they do not. neil: neil: the mystery over the spikes in covid cases, china reserve reverse the 0-tolerance dealing with covid, we are told hospital beds. and a million lose their lives.

what do you know? >> it will be worse than what beijing is saying, they 've only been into two fatalities and we have all these reports including videos, they are projecting something like 800 million to one. one billion infections this winter. 1 to 2 million deaths, we don't know exactly where this will go but the point is xi jinping did not changes covid policy. what he did was he capitulated to the disease. they couldn't maintain it anymore. the chinese people wouldn't put up with it, local governments couldn't afford it and the economy was cratering which i think the economy from november numbers are showing deep contraction. they had no choice but to given to the disease, and we see what

is happening and big sufferers of this are the chinese people who have borne the brunt of misguided covid policies. neil: tesla shares down 5%. flu symptoms hit har de. . is the right tool for long lasting flu symptom relief. hot beats flu.

neil: all right, if you're looking for a santa claus rally, we better keep things going and fast. charles payne right right now. charles: i hear sleighbells. neil: you're working too hard. charles: i think i am. thank you, neil.