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tv   Varney Company  FOX Business  December 21, 2022 11:00am-12:00pm EST

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>> heading into 2023, i have a lot of peer. i'm calling in the federal reserve budget because i believe there's a bubble in the stock market that's still yet to pop.
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real estate, we're watching pop. i thinkable has devastating effects on our economy. >> we're going to see a significant spike in volatilities and make new lows in the market. we haven't seen an environment like this since the '70s, and the fed is not here to save us. >> a recession is coming, a marked slowing of economic activity should occur in 2023 with, you know, the benefit we should be looking at a lower rate of inflation. >> americans are really tired of the amount that we're spending on this war versus our european allies. it's nice to see, you know, zelenskyy say, hey, we appreciate it, you're welcome. i also think this is poorly i'med. timed. ♪ it's the most if wonderful time of the year. ♪ it's the happen, happy yet -- david: sorry, amy, i don't remember your song, but it's a nice song. i remember this song, not just
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amy grant singing it. it is 11 a.m. on this wednesday, december 21st. it's the shortest day of the year. i'm david asman in for stuart varney, and i think it's fair to call a santa claus rally. we usually hold off on rally until we get above 2%, but 555 points to the plus side on the dow, about a 1.7% gain. and it's true for all of the indexes. in fact, the nasdaq which had been the poorest performer is now over 1.75 percentage points higher at 186 to the plus side. all the big tech companies are in the green right now. it is a good year, a good day for the tech stocks. the year itself is not so good, but the day at least. the 10-year treasury, by the way, one reason we were hiking the nasdaq was up is the 10-year treasury is down just about 2 basis points, so not enough to really affect the market. now this, moments ago sam bankman-fried arrived at the
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courthouse in the bahamas. he's expected to officially waive his right to challenge extra decision, and he could be extradited as soon as today to the united states. come in, mark tepper. mark, how is all of this affecting the crypto market? >> look, obviously investors are a little concerned. they're trying to liquidate their accounts because they're not sure if that money's actually going to exist at the end of the day. so none of this has mig to do with whether or not crypto is a legitimate asset class or whetherst a potential legitimate currency. all this really has to do with is probably the biggest scam, the biggest fraud of our generation, you know? a lot of people want to compare sbf to bernie madoff and, i'll tell ya, i think this guy's way worse. i think they should e -- lock lock him up, throw away the key. he makes bernie madoff look like
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a saint. i mean, when you look at the recovery of assets from that ponzi scheme, i believe, like, 88% of investors' principal, not the gapes because the gains were always fake anyways, but 88% of the madoff ponzi scheme principal was returned to investors. who knows how much -- probably nothing -- is going to be to returned in this unfortunate situation. but, rook -- look, to back up, bitcoin, etherium, i think with regards to hose two, those two seem to be halfwaying decent asset classes. i think when you start to get into the lesser known coins, that's where i think investors are probably going to shy away from those for quite some time. david: so it might end up being a good thing, really separating the wheat from the chaff. the companies that will remain are the strong companies which hold the coins -- >> yes. david: -- they don't trade the coins or do any hanky-panky like ftx was up to. >> yeah. you remember all that doing coin buzz from a couple years ago.
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all of these made-up coins, you know, i actually -- i i talked to a few people a year or two ago, they were interested in making their own coins. like, anyone who wanted to make a coin had ability to make one of these coins, and that's not good, you know? that reminds me of the pets.com scenario, you know, of 2000, right? so, look, i think when it comes to the legitimate token, the legitimate coins, bitcoin, etherium, i think those are going to be here to stay. you know, this fraud has nothing to do with whether or not they're valid currencies or asset classes. david: 3weu9 coyne is still close to that $17,000 level, between 16 and 17,000. mark, good to see you. have a great holiday, appreciate it. >> merry christmas, david. david: it pays to be unemployed, apparently. in many states government benefits are outpacing median income. in 14 states a family of 4 with
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2 people not working is equivalent to $80,000 a year in wages and benefits and, actually, it's over $100,000 in about 3 states. martha maccallum joins me now. martha, we talked about this yesterday. it just boggles the mind. welfare is supposed to be the safety net that ronald reagan talked about. it's not a positive alternative to work, it's supposed to save those people who for one reason or another can't work. >> exactly right. but that mental i appears to be gone in many ways in this country. it was always designed as something to keep people from falling through the cracks. if they lost their job, to just get them from one place to the other. now it's sort of a way of life for some people, which is a big, you know, i said this yesterday and i believe it's really true that covid kind of reorganized the entire economy and people's way of thinking about so many things. and one of them is work, which
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is the powbation of our entire economy and society as people decided, well, they want to work from home, or they only want to work a few days a week, or if they want to figure out if they can get by on what the government's giving them a little bit longer, so the work ethic, i think, is damaged in a way that -- it's long can covid when it comes to the economy. it's that. david: and as you say, it's the more than economic. it's social. when people think they can skate by with not working, they think they can cosomething else, maybe even do something illegal in order to get by, it encourage courages bad behavior -- >> and it sets an example for the children of those individuals as well about what you do, you know, not to be independent and productive and to use your freedom in order to build something bigger for the country and for yourself and for your family. there's a lot of kind of how can i do less, which is a very scary trend in the country. david: and another way which, related to the pandemic, is it
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also encourages politician it is to take more power. the more people are indebted to the government, the less freedom individuals have. we talked about property. if everything you get comes from the government whether it's health care, food, housing, whatever it is, you have nothing of your own. you don't own anything, and as a result you become a slave or a serf to the government. >> and you see the impact on companies who don't have full employment at their companies. they're trying to hire people. so their ability to provide the service for that good, it declines over time because they're not on all gears. they're not able to function in the way that they were because they don't have full employment and a thriving work force. david: yeah. i want to switch gears because i see you all the time in london -- prince harry and meghan markel are looking for an apology from the royals. they want to sit down with the family to air their grievances. are they going to --
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[laughter] >> i think the families watch watched them air their grievances over the course of six netflix shows, a huge oprah interview. they keep saying we want people to understand our voice and hear what we say. we've heard it, right? now there's a huge book coming out that's set to dig deeper into harry's childhood and the wrongs put upon him as a child by his family, you know? then there's going to be an anderson cooper sit-down and a tom bradley sit-down as well. they are the opposite to of wanting to leave a -- lead a private life. this is not how you say this isn't the the life we want. okay, fine, then go live quietly somewhere. these are attacks. these are salvos. these are fighting words at a time when already a lot of nations that are -- commonwealth missions that are talking about pulling -- nations that are talking about pulling away. you're going to see those things have an impact on the commonwell
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ed so i'm wondering if that's the goal -- david: well, they're not getting any support from the brits -- >> the netflix special did very well, you know? the question is they're trying to squeeze as much as they possibly can out of this story -- david: while they can. >> and that's what you're going to see, unfortunately. you don't have to see or read it, but going to be coming out. david: what a pleasure to see you. >> merry christmas, everybody. david: "the story" at 3 p.m., i was there yesterday, thank you for inviolating me will and being here today. >> my pleasure. david: come in, lauren. you have some movers for us starting with apple. it's doing pretty welled today, wow, 3%. lauren: another reason the dow is up. citi comments, demand are stay resilient for all of 2023. people are going to still buy and wait for hose expensive new iphones. so the analyst will maintains his buy rating and his price target of 175 but basically
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saying the supply chain pain in the december quarter stays here, 2023 all green lights. david: all right. we've got a stock, a metal stock, freeport-mcmoran. lauren lauren up 2%. copper prices are higher. this is a bell with weather for economic growth. david: yeah. and we talked about ford before with susan is. i mean, it's had a bad year, but it's taking a pop today. lauren: well, kelly blue book has named several ford vehicles their top picks, but the f-150 lightning is kelly blue book's best electric truck. david: good to have to it made in america. next one, lauren, more kids asking for digital currency christmas. [laughter] despite ftx. so is do they really want crypto? is that what they're talking about? lauren: yes. so it's generation alpha. this is -- david: generation alpha? lauren: yes, these are my children, 12 and under. they urn their noses up at dollar bills. -- turn their
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noses up at dollar bills. if you gave them a choice, $20 cash or roblox virtual currency, they're going to pick the virtual currency. >> i think your grandma sent you $10, oh, that's 800 roblox. makes total sent for them to have a closer relationship with that virtual currency than the physical money because they're used to spending it, right, and outpitting their avatars. -- outfitting. lauren: they see those after tars as -- avatars as extensions of who they are, and hay don't view the metaverse like we do. that's where they are. great news for roblox. it's an ugly chart. the stock is down three-quarters this year, 75%, but the company's growing with kids and teenagers who are spending their parents' money in brands from walmart, nike to gucci have taken motes. it's important for roblox to be where their customers are, and generation alpha, the young kids, they get virtual
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currencies concern. david: the problem is, can they get out of that? can they get out of a virtual environment? lauren: distinguishing between the two with, i'm with you 100%. also to understand the real value of a dollar. david: lauren, thank you very much. now, this year the drug enforcement agency seized enough doses of fentanyl, listen to, to kill every single american. now, many of those pills were funneled in by, of course, mexican drug cartels. more on that story. and elon musk is still the second richest person in the world, but his net worth just hit a 2 the-year elope. we're breaking down the numbers. and today president zelenskyy will appear many person at the white house and in capitol hill. he's expected to ask for even more aid, more than the $100 billion he's going to be getting, in support of the war against russia. peter doocy has the latest from the white house next. ♪ ♪ chevy silverado factory-lifted trucks. where will they take you?
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it will release your fat and it will release you. ♪ david: in just a few hours, ukraine's president is going to be meeting with the president. peter doocy joining us now. take us through the schedule today and tonight. >> reporter: david, we're waiting for his arrival here at the white house. for security reasons, most of zelenskyy's to movements are being kept pretty vague, but we do have this video of zelenskyy getting off a train from ukraine to poland to then board a flight to the d.c. area, you can see surrounded by body guards. zelenskyy said then, on my way to the u.s. to strengthen defense and resilience of ukraine. in particular, president biden and i will discuss cooperation between ukraine and the u.s. i will also have a speech at the congress and a number of bilateral meetings.
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here at the white house we are told during the visit president biden will announce a significant new package of security assistance to help ukraine defend itself against russian aggression. there's nearly $45 billion for ukraine tied up in the big omnibus budget that congress has not passed yet. some republicans want that i money pulled out for a stand-alone vote on ukraine aid, but that is not gonna happen based on the way speaker pelosi is describing tonight's joint meeting of congress. >> to have a complete and total hero in the congress of the united states fighting for democracy, leading the war and fighting for democracy, he brings honor to the congress of the united states. >> reporter: the congress of the united states keeps cutting checks for ukraine's war effort, and now zelenskyy's coming to speak at 7:30 this evening to tell lawmakers what all that money has been getting them and what the next $45 billion could get them as well. david: yeah.
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well, if omni passes and they get the 45, that's over $100 billion -- >> reporter: in less than a year. david: yeah. that's about 12% of our entire military budget. peter, thank you very much. rebekah koffler joins me right now. what do you think of zelenskyy? >> zelenskyy is a very, very smart statesman. he's brave. he's displayed tremendous will to fight, but he's also a very savvy poll its, david, who has been super successful aten convincing washington -- at convincing washington politicians to part with hair money. or more accurately, with the u.s. taxpayers' -- david: that's right. with our money. >> exactly. so we have already either provided or committed to provide more than 50 % of ukraine's gdp which was in 2021 more than $100 billion. this is turning into afghanistan 2 the.0. we've provided more money in 10 months than we provided many
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afghanistan in 5 years. david: well, you might love zelenskyy, but is there a way to track the money to make sure that it's all going where it's supposed to go? >> it's super difficult to track the money, but let's say even if we were to track the money, the question that needs to be asked, is that a smart strategy. is there gonna bring peace in ukraine, and it won't. because putin will not stop this war. what we're hearing from washington politicians is that the goal is to defeat russia so putin doesn't do it again. but that is a nonsensical and very cynical strategy because ukrainian people are dying by the thousands. the country's been destroyed and depopulated. 100,000 ukrainians are either dead or injured. and so is that a cynical way of protecting europe from russia? the europeans don't understand
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themselves. you know, only 8 countries out of 30 are even chipping in 2% into the collective defense kitty. and so we're right now throw aring ukrainians into the cannon, using them -- david: it's not only ukrainians who are dying, a lot of russian soldiers are dying, and putin's getting desperate. >> absolutely. david: he just put out this notice to spy agencies to intensify their hunt for, quote, traitors, spies and saboteurs what's going to happen there? >> oh, he's unleashing stalin-type terror. and really putin's intelligence services have failed massively. he was failed to predict the -- they have failed to predict the ukrainians' will to fight. they've also failed to identify just fact -- exactly how much support nato is going to provide to russia, making it impossible for putin to achieve a true military victory in ukraine. and so he's now lashing out on the russian people.
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and i've lived through terror, david. i was born and raised in the former soviet union and survived communism. we lived in fear. he couldn't criticize russian shorts -- authorities. we end even had a special phrase saying this is not a safe conversation. we were not -- we were scared -- david: somebody was listening. >> exactly. and this is what's right now unraveling in russia. david: but it also shows you how desperate putin is. he's really worried somebody's going to try to kill him, isn't he? >> oh, absolutely. he's running scared. but the truth is that this whole theirive hat washington accomplishment politicians -- establishment politicians put out there about regime collapse, i hear their calls for putin's regime change, right? david: right. >> let's super-escalate, but that is very dangerous rhetoric because it feeds into putin's paranoia -- david: about which you talked about -- by the way, i recommend your book, "putin's playbook." a lot of what's gown on in his
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mind you can -- going on in his mind you can find in book. thank you very much for being here. >> very nice to see you, david. david: ukraine has reached a deal, apparently, with elon musk to get thousands of more starlink antennas. lauren, this is good news. lauren: certainly is. at least 10,000 more from elon musk's spaceand and -- spacex, and europe will be footing the tab. this is important because russia keeps threatening to cut off the internet for ukraine, and this keeps hem online. david: yeah. this is their pipeline for the world information. all right, next one, lauren, staying on elon musk, his net worth just hit a the 2-year low are. >> poor elon. he's worth $147.7 billion, but he's lost $120 billion this year. tesla shares have completely tanked. hissing fortune is comprised mostly of tesla stock and options. so can this easily move back up next year because he's no longer
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going to be the head of twitter, right? maybe that'll help tesla shares go back up. i don't think he's crying over a couple hundred billion dollars. but it is the a fall from that stature he he had a couple months ago. david: i don't think he's crying, but at the same time he's concerned, and that's why he's looking to pass the baton an twitter. the still over 500 points to the plus side on the dow, huge gain. s&p 500's up about 1.5%. and nasdaq is holding its own, it's the leader in all the indexes right now. it's the up 164 points, so it's a good day for the markets. it's a santa claus rally, if you will. now this, calls growing to boycott the new avatar movie. get this, critics say it's packed with racism because white actors are playing blue people, and somehow that's racist. i mean, it's insane. lauren: you can't make a movie -- david: we're going to be talking more about that coming up. all right, at least one
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college is blocking access to tiktok on campus wi-fi. they're concerned about security. i vista duffy graduated college earlier year, does she think gen z will take these tiktok warnings seriously? that's next. ♪ i got new rules, i count 'em. ♪ i got new rules, i count 'em ♪
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♪ rocking around the christmas tree -- ♪ at the christmas party hop ♪ lauren: i mow -- david: who is it? i know the song. lauren: come on. david: there we go. oh, kacey musgraves. david: all right. that's a fun song. [laughter] you're taking a look at the all-american christmas tree on fox square right many front of our studio. if you're in new york this holiday season, take a picture many front of the tree and e-mail it to varney viewers@fox.com. meanwhile, check the markets. it's a good day to have money in the stock market. dow jones industrials up 530. the nasdaq is up even -- well, a tick more percentage wise, but
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they're all up. it's a very green day. santa claus rally, if you will. susan li joining me now, you have some movers. let's start with mic. susan: shall we? up 13%. and nike says that the consumer remains strong, in their view, and they're past the worst of the inventory and the supply chain issues. also china sales are growing for the paris time year-over-year since covid started, and that's lifting other apparel makers, lululemon, kevin commerce, foot locker, nike calling for 140-145 on the stock, so you could get some pretty good upside from here. also i want to note that e-commerce jumped by 25%, and that shows you that the consumer remains strong, in their view. also value plays are rallying as well, and that's despite the 10-year still stuck below 3.7. cat or pillar just hit its highest in 1.5 years, boeing is
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up on the funding bill extension because that includes 737 max deadline extends approvals as well. also military spend which might go to spend on some of the boeing goods that they make. finally, i want to show you tech and google's youtube. the front-runner to get the nfl sunday ticket according to numerous are reports. apple has stepped away because they didn't get the right marketing licensing parameters according to a lot of analysts. google estimating that microsoft's, beloved microsoft, of course, their cloud division, apparently, they are losing $3 billion each year with, so that's still not a money mixer -- maker, but it's a growth division which is how you value these technology plays. netflix, apparently, will make you start paying for password sharing very soon in the next year. that's a problem. also disney, avatar 2, three and a half hours. you going with over christmas or the holidays?
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david no, thank you. i liked the first one so much -- susan: #.9 billion for the first country one. david: susan, thank you very much. at least one cam campus has banned tiktok from the campus wi-fi. students at university of auburn, big school, will need to to use their own mobile data to scroll through tiktok. others could follow suit. the federalist writer evita duffy joins me now. great to see you. i'm convinced that all of those students are going to find some way of using their end own device in order to get it. they love tiktok the so much, they won't allow these restrictions to stop hem from using them, will they? >> no. and, i mean, the amount of time that young people spend on tiktok is incredible. it's actually very disturbing. and, i mean, it's a national security threat that tiktok is posing. they're collecting information, biometric information, they're stealing passwords.
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this is really scary, and there were some provisions that trump was putting in to have an executive order to ban them from phones, from app stores, and biden repealed them when he got into office. so i think, i mean, that's something to think about too because why would biden do that, first of all -- david: by the way, and you're just a year out of college, do the people realize how dangerous it is to have the chinese government, the whole of the chinese government get into all your personal data including your financial stuff? do they understand the risks? >> no, and i think young people especially,st it's very interesting. there's a tiktok trend that's been going with on where they joke about their fbi agents watching them in their room. there's a perception that we're being watched anyways all the a time by our own government, and they don't really care about the chinese -- david: wow. that's very interesting. so they've just given up hope. this is the way the world works, and that's it. >> absolutely. that's their norm, and they're not going to delete tiktok off the app --
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david: well, by that standard, i'm wondering if they're at all concerns e -- concerned about what we're finding out about twitter. for example, the fbi was actually working in collusion with twitter to censor people, to censor stories even if they were true stories, etc. i mean, the fbi backs up and says, well, we didn't actually force them to do that which may technically be true, but they were actually paying twitter employees, so there was -- does this bother young folks, that the government is working so close with a private company to censor other people? >> it should. i mean, it's operation underworld 2.0. it's really scary. but i don't think it really does. i think most -- even among conservatives, they say, well, we knew that was happening on twitter. we knew that they were shadow banning and colluding with the fbi, and i think what we need to be thinking about now is now twitter has new, has new leadership. so how are we going to, how are we going to hold elon musk to the same standards that, you know, he's purporting?
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if i'm a free speech absolutist, but he's still shadow banning people on twitter. and we don't -- twitter's one thing, we don't even know what they're doing at facebook, google and all these other companies, and i think will needs to be a real push to care more. david: getting back to your old classmates, the fact is that a lot of these universities were banning, i mean, that was part of school policy to ban so-called hate speech even if it was classic literature. so, again, they're accustomedded to banning and censorship, no? >> no, they're absolutely acuts only thed to it. some of the scariest stuff that happened was during covid is. there were always safe spaces and trigger warnings, it was really popular in 2016, 2015. the surveillance and censorship that happened on college campuses during covid was unprecedented, and they're completely desense sensitized to it. -- david: stay here, because you might want to chime in on this next story. critics of avatar 2 are accusing james cam ran of being
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culturally -- lauren: oh, gosh. david: lauren, you've got to shake your head. lauren: so critics say he stole native american themes and then put hem in a mostly all-white cast who is playing blue aliens. it doesn't matter what color they are, because they're blue -- david: but they're people of color. you see what they're saying there? lauren: okay. david: white people aren't people of color, and if they're blue people, it's racist to have white people playing blue people. lauren: okay, i didn't even go there. but wait -- david: you've got to go deeper. lauren: they say the movie's theme tries to, quote, satisfy the white man's -- complex. the headline read that expected block blockbuster faces boycott callings over -- calls over cultural appropriation. david: evita, that is the sort of wild garbage, i would call it, that you hard on college campuses quite a bit. lauren: did you hear that?
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>> no, it's -- they can't fall asleep at night because they're so worried about stupid stories like this, and they're posting about it on, sharing it on instagram and tiktok. i've seen them. people are are upset about. there are so many more important things to be worrying in the world, and i think they do it on purpose to keep us dumb and keep us us worried about things that don't really matter and covering up the things that do like censorship. david: great to see you. thank you so much for being here, appreciate it. now, lauren -- now this, lauren, a mom is kicked out of the radio city show after being detected on facial recognition software. she claims she was flagged because of her job. you're going to be explaining that coming up. meanwhile, up to 14,000 people per day could try to cross into the u.s. once title 42 is lifted. it's now up to about 10,000 a week. grady trimble is talking to border patrol about how they're preparing for another major migrant surge once restrictions are lifted.
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powerful relief so you can restore and recover. theraflu hot beats cold. -hey there. -hey. -hi. hey there. how are you? i'm with disabled american veterans. i was wondering if you had a quick minute to thank america's veterans for their service and sacrifices -of course, why not? -oh, sure. -absolutely. -sure. all right. well, come on in here. i'm just going to hit record on this. i would like to thank you from the bottom of my heart. i can't even think of the words of how grateful i am. i want to tell you guys how much, how much we appreciate. but most importantly, i want to thank you for your courage and bravery. wow. thank you. someone here who'd like to say something to you? oh god, you guys are awesome! someone has something they want to say to you.
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oh my goodness! how's it going? awe! so i will let you know how much appreciate it. how much we appreciate it! just feel honored, for everything you've done. thank you for myself, thank you for everybody. i get to live every day, you know, in peace because of yo a lot of people thank us, but we want to take the time to thank you honestly, for giving back. and when you gave to dav, you are supporting veterans like dave and myself. so thank you so much. thank you, you guys are amazing. thank you. thank you. you can say thank you to our nation's heroes, by calling the number on your screen right now, and giving your monthly support of only $19. say thank you by going to helpdav.org right now, and give just $19 a month. when you do, we will give you this dav blanket as a thank you and a reminder
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♪ david: so title 42 has been temporarily extended, but border patrol agents are preparing for another massive influx of migrants when the restrictions are finally lifted. gradety trimble joining us from arizona with more. what is law enforcement doing to prepare for the influx? >> reporter: david, they're trying to plan, but they don't feel like they're getting support from the federal government and the biden administration for the lifting of title 42. along this part of the border, one of the biggest problems is smuggling, both drugs and people. it's gotten so bad that the local sheriff's office has actually created a team specifically dedicated to
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tackling border-related crime. within 10 minutes of meeting that team, here's what we saw. >> vehicle into oncoming traffic. still northbound. [inaudible conversations] >> reporter: you saw deputies there putting spike strips across the road to try to stop a suspected smuggler on a main highway here. he drives into oncoming traffic before abandoning his car in a ditch and running for it. the suspect didn't make it far because deputies caught him and arrested him. >> the department of public safety's going to do their investigation, find out whether it was being used in smuggling, if the vehicle's stolen, if there's drugs, narcotics, weapons in the vehicle. >> reporter: we're told almost all of the people arrested for smuggling into the united states are u.s. citizens, some of them as young as 13 years old. finish in many cases they're
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recruited by the cartel on social media with the promise of making quick cash. the depp canty we rode along with is seeing firsthand how fentanyl is destroying these border communities. >> i arrest kids that i went to school with because they've gotten hooked on fentanyl and heroin, and it's just decimated the local community. >> reporter: over what period of time has it gotten this bad? >> last two or three years we've seen an uptuck like i've never seen before. it's definitely amassed in a hurry. >> reporter: the sheriff here in cokeith county, dade, told us a lot of what we're hearing along the board freres here to texas, and that's that the smuggling and migrant crossings are only going to get worse once title 42 is lifted. but like i said, they're trying to get ready, don't feel like they have biden administration behind hem to prepare for that influx. david: i think that's an understatement, i really do. it never stops getting bigger. thank you very much, grady.
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well, the dea claims they seized enough fentanyl this year to kill every single living american. come in now, lauren. how much fentanyl dud they actually take the off the streets in 2022? lauren: we'll put numbers on it, 379 million doses this year are including 50 million fentanyl-laced pills and more than 10,000 pounds of fentanyl powder. this is the amount of pent mall that can kill you -- fentanyl hack kill you. you put on the temperature top of your pen just a little bit, that much can kill a person. so this is enough to kill every single american. david: and this is a result of the open board, it's that simple. show me the dow 30 stocks to get a sense of the markets, they are zooming upwards today in a santa rally. the dow is up 527 points. all of the indecease are up, you just see one red stock will -- lauren: walgreens. down not even a buck. david: the meanwhile, lawmakerrers have until the end of the week to pass a spending
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package in order to avoid a government shutdown, but senator rick scott says republicans cannot justify voting for the bill since hay don't know what's in it, for one thing. the senator joins me next. ♪ ♪ you can't always get what you want. ♪ no, you can't always get what you want ♪ this... is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn. and set aside more for things like healthcare, or whatever comes down the road. this is "the planning effect" from fidelity.
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well, we fell in love through gaming. but now the internet lags and it throws the whole thing off. when did you first discover this lag? i signed us up for t-mobile home internet. ugh! but, we found other interests. i guess we have. [both] finch! let's go! oh yeah! it's not the same. what could you do to solve the problem? we could get xfinity? that's actually super adult of you to suggest. i can't wait to squad up. i love it when you talk nerdy to me.
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guy, guys, guys, we're still in session. and i don't know what the heck you're talking about.
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david: so lawmakers unveiled the $1.7 trillion bill and inside of what senator mc mcconnell claims is a great achievement, there is billions in ands i spending. senator rick scott, republican from florida, joins me now. mcconnell said, quote, i'm pretty proud of the fact that we were able to achieve through this bill essentially all of our priorities. isn't getting rid of pork and excessive spending that causes inflation one of your priorities? >> well, you would hi. but think about it, they gave us this bill at 1:30 in the morning tuesday morning. st it's three items the size of the bible. we're spaced -- supposed to vote on it today or tomorrow. no one will have read it. he's some earmarks. we're going to have money for bee-friendly highways, we've got a skate park in rhode island.
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we got money to promote a dirt bike culture in baltimore, and i think it'sst, like, $1.5 million to promote outdoor eating in sunny pass dean that, california, all right? -- pasadena. it's over a trillion dollars in new debt. it's going to cause more inflation. david: so why, senator, forgive me, but why is the leader of the republicans, your leader in the senate, saying that it's a great achievement? >> well, as you know, i ran against mitch mcconnell to be the leader because i don't believe in caving in to the democrats. think about for a second. kevin mccarthy and the leaders in the house say, they're taking over in january, they said let us write the bill. but, no, you know, mitch mcconnell's picking democrats to write this bill. so would you rather have republicans write a spending bill or democrats? it's pretty easy to me. i'm tired of caving in to the democrats, i'm tired of wasting money, i'm tired of more debt,
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more inflation. it's not good for the american public. david: senator mc mcconnell said it was a simple choice, you pass the bill or have a government shutdown, but isn't there a third choice? you sent concern send it in, when the republicans take over the house in a couple of weeks and you decide it then? >> right. what we should be doing is a continuing resolution. by the way, measured have been done back in the summer, by the end of september. democrats decided not to do it. they had the house, white house and senate, hay elected not to do it. they said, oh, if you don't do it, the government's going to shut down. no, you do a continuing resolution until sometime in the paris quarter, let the leadership in the republican house that takes over in january, they can pass a budget. by the way, why aren't we passing budgets? you have to do it, your business has to. but federal government, no, we don't have to do that. david: they've in an alternate if univ.. republicans are bragging they cut some of that supersizing of the irs.
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they cut $270 million out of an $80 billion. that's a 0. 3% cut. is that anything to brag about? >> no. we still are going to get 87,000 more irs agents to go after you and your family. we're also -- they're also making everybody now have to tell about every $600 transaction so the irs is going to know more about you. i mean, it's just staggering to me that people are going to vote for. david: they also snuck in, by the way, that you can't spend a penny for border security with our crazy borders when they spend money on security for places in europe and the middle east? >> right. i mean, we can't spend any money for border security in the united states. we can spend money to buy -- fly noncitizens around the country, but they're spending border money for places like egypt, but not in the united states. you can't make sufficient up. i hope no republican votes for this. david: all right. well, unfortunately, there are
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already some who have. senator rick scott, thank you very much for being here, appreciate it. >> take care. david: well, one mom went to see this radio city christmas show and was kicked out. what's about? lauren: her name is kelly conlin, and she took her daughter and the daughter's girl scout troop to see christmas spectacular right across the street at radio city. when she was entering the building, they have facial recognition technology, if the kind you want to find out if there's criminals will the, terrorists. she was on the banned list. she's an attorney, and her sin, her crime is that her law firm was involved in a lawsuit involving one of radio city owner msg ceo jim dolan's banned list. so he had that technology pick up people who might be involved in lawsuits against any of his companies -- david: wow. lauren: -- and banned that mother, that lawyer are, that troop leader of the girl girl
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scouts. that is a personal vendetta. he should apologize and refund her money. david: any comment from him at all? lauren: yes. msg says, well, this is how we protect our companies. wasn't a very forgiving or apologetic -- david: not at all. so it wasn't a misidentification. they got the right person but for the wrong reason. lauren, thank you so much. time for the trivia question. jingle bells written for, well, i thought it was for christmas, but it could be for thanksgiving, could be for valentine's day, could be for new year's. what do you think? cold coming o? zicam is the number one cold shortening brand! highly recommend it! zifans love zicam's unique zinc formula. it shortens colds! zicam. zinc that cold!
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nevada gold exploration is at record levels, and getchell gold has just released its first resource estimate. with major discoveries in nevada and results still coming in,
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they're set for unprecedented growth. getchell gold. david: so earlier we asked "jingle bells," i thought is was obvious question. christmas story. >> trying to trick us. go with new year's. david: i got to stick with christmas. the answer is, whoa, we were both wrong. thanksgiving. >> why? david: published way back in 1857. they had their own ways. the markets are trading. they are on fire. pretty much a santa claus rally, 500 points to the upside. my thanks to taylor day cruz, for our cakes. lauren and i love her. neil cavuto is here. we love him too. neil: i didn't get one. you're not that far from me, young man.

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