♪ jingle building will belching the barack ♪ jingle bell swing ♪ and jingle bell ring

♪ dave: we heard a woman singing this yesterday. i always liked it. jingle bell rock. it is 10 a clock eastern time. i am david asman in for stuart varney. the dow is down 333 points. nasdaq taking it hard down 187 points. that a 13/4 of 1% loss on the tech heavy nasdaq, the 10 year treasury is up but not that much, one basis point. there are other factors weighing on tech. oil is up less then one% but that is a $0.64 rise to $78.90 a barrel. bitcoin trading in that range, a little down by $11, sixteen thousand six hundred seventy two. this just in from fox news on that spending package. the senate has set up a

tentative agreement to finish the omnibus spending bill by midday or early afternoon, the senate has agreed to vote on 14 amendments, most dealing with border issues before going to final passage. the results are in on elon musk's twitter paul about the $1.7 trillion spending bill. we should mention this is not a scientific poll but it is an important poll. >> he asked should congress approve this omnibus, 70 one% said no. then he added railroading through this giant spending bill but almost no one has read is unlikely to be in the best interests of the people. that was a quote, here's another, senator schumer, leader mcconnell, the public has spoken. they are overwhelmingly against this giant spending bill. here elon musk is dipping into politics saying what a lot of people feel, they are ramming

this down our throats right before christmas. dave: once you look at it there is no other way's no other way you can see it. liz peek joins me now, what elon musk did is not scientific, it's what they used to call a push poll but the fact is if you look at this thing it is outrageous and it is bipartisan, my outrage for what is in the bill is bipartisan. republicans like senator shelby with $640 million worth of these vanity projects he wants taxpayers to pay for, pat lady who is leaving the senate like he deserves to be spending hundreds of millions of dollars. come on. once you look at it there's no way you can defend it, is there? >> i totally agree with you. everything about this is horrifying. all these vanity projects, the earmarks have come back with a real boom and nobody likes this, nobody likes all the stuff that is stuffed in at the last minute but when a lot of

our top priorities such as defending our border basically go unnoticed in this bill, but -- dave: forgive me for a second because it is breaking news, we do have this pushback, senator sinema is one who is pushing back on what's happening with the border, the pushback is important, if you have problems with this bill call your congressman or your senator because it does have an effect and that is what these new amendments they are voting on next couple of hours specifically deal with. go ahead. sorry to interrupt. >> it is okay. i think the process is so broken, so horrible that all this comes together in 24, 48 hours, nobody has a chance to read it. i think that is a dereliction of duty on the part of everybody who votes on this thing. it is terrible and by the way, for republicans, republicans are angry about this because we

all worked hard, we who really have a voice in this matter, to give congress, republicans, a steady, a vote in congress, taking over the house, giving them a majority in the house and what are we doing with it? absolutely nothing. why not pass a continuing resolution as many have called for, and make all these decisions, important decisions made by the people, elected by the representatives and voters, this is ridiculous to me. dave: not just vote for this or we have a government shutdown, there's 1/3 option, continuing resolution until the house republicans take over. dave: i want to get into this quickly. president biden vowing to keep supporting ukraine as long as it takes during his press conference with president zelenskyy. watch this. >> reporter: i want you to know

all the people of ukraine to know as well the american people are with you every step of the way and we will stay with you. we will stay with you. for as long as it takes. what you are doing, what you have achieved, matters not just ukraine but to the entire world. dave: already spending 12% of our entire military budget on ukraine. how much more can we afford? liz: i have many reservations about this. i applaud zelenskyy and the people of ukraine. it is in america's best interests to have putin lose this war but so far we've given them without this new package, $23 billion in military aid, the you but he did has ponied up 3 billion. there is no excuse for that. the eu is more vulnerable to russian aggression, their interests are even more important than our interests here. where's the you but he did. we talked about this so many

times, donald trump really brought this conversation to the forefront. the united states versus nato. we are carrying the load once again and i see no reason for it. secondly there should be more oversight of where this money is going, it is not just $23 million in military aid. we've sent tens of billions of dollars in humanitarian aid. i think that is justifiable, but where's the oversight? democrats pushback on an amendment asking for an audit. i think the american taxpayers deserve an audit. neil: the taxpayer never gets accountability whether it is covid relief, ukraine or the new spending bill, great to see you, thanks for being here, happy holidays. merry christmas. upcoming book is claiming president biden called vice president harris a work in progress. come on in. what else does he say? lauren: it is called the fight

of his life about president biden and apparently he told friends his vice president is a work in progress. she fit the bill, she was the right gender, the right race. it also says the frustration in the biden harris relationship runs deep and this is my favorite, apparently her husband is complaining of the assignments his wife is given, hard jobs like the border. that bothers me is a woman. it should bother her. apparently the president thinks hi and off of her and he was a former vice president to think she can handle the stuff that they are complaining it is too hard. i would say president biden might expect more of her because he was vice president. lauren: that is true. some people question whether he did that well. let's get back to the markets. mark, we should mention know one strategy fits all sides. everybody is different, everybody should have their own

strategy, that's an important place to start, you are always focusing on that, everybody deserves separate strategy but having said that as you look into what might happen in 2023 are there some things that everybody should abide by? >> i say that because it depends on the person's agent financial circumstances and so forth but the nasdaq is down 30 one% so far for the or, bonds have not been well, horrible year in both markets and especially for seniors and retirees i invented a strategy, providing double digit yields, more than 10% and they pay every month and i use exchange traded funds and people get money every month to live on a reinvest. especially for a retiree or

senior, that's a very good strategy because it means they have money every month. dave: what about those who just say i don't care about making double digit income in my retirement, that is why it is good enough when i look at these 4.5% rates on a 2-year or even a 3-month bond these days because of the coming recession but what about parking my money there? >> the cheapest thing in the bond world, no risk of agency bonds that are 1 to 5 years out and that is another decent place to put money, you are betting about 5% if you know what you are doing on those bonds versus getting 12, 13, 14%, there's also a case to be made, you should have some of both. dave: i want to sit down with you for about 3 hours to figure out what i'm going to do with the next phase of my life.

i will have to do that sometime, thanks. >> come down to fort lauderdale, dinner is on me, happy holidays. dave: how could i refuse that offer? good to see you, thank you, appreciate it. you are looking at some market movers, let's start with google. lauren: youtube signing a deal to exclusively stream nfl's sunday tickets, more sports going to streaming, google got to billion dollars year for the wall street journal and direct tv has the rights now so where did they get the next? dave: nvidia? lauren: cha's -- chip stocks are down in a big way, texas instruments, it is on the micron morning that the industry and its profitability is going to be challenged in the near-term, they are cutting 10% of job so who's next? that is the question investors are asking? dave: amc is the powerhouse. lauren: it was caused by volatility.

amc is announcing $110 million equity capital raise by selling preferred shares, those shares are rallying 70%. dave: there's one name that pops out. mark grant is one but another is kathy woods, she's talking about her strategy but other people don't like it so much. lauren: billionaires like dan loeb, kathy wood wrote a letter, commentary, and articulated what her strategy is which is finding companies that are able to catch the wave of innovation and she prefers them, think tesla, over mature companies who spend money rewarding shareholders with dividends and buybacks. this is what dan loeb says to that. anyone teaching a value investing class or one on investment psychology should use this memo kathy wrote as a treatise to study the mindset of -- that is slang for investors who hold onto stocks for too long but he put it in a tweet which is funny.

she did her investors well into thousand 20, she made her fame, tripled their money but her arc innovation fund is down 66% this year, 3 times worse than the nasdaq that it follows for the most part, dan isn't doing that well either. dave: it has been a tough year. biden's massive spending bill includes a lot of vanity projects. e friendly highways, did you know there was such a thing? it doesn't include funding to help those suffering from 9/11 related illnesses and other important things. congresswoman nicole malliotakis is on the show. some schools in new jersey being slammed for bringing get back mask mandate, flu and covid cases are on the rise. are indoor masks necessary in schools? who better than ask than doctor marty makary.

the fbi firing back over the twitter censorship files they insist conspiracy theorists are feeding the public misinformation about all this. brent bozell begs to differ and joins us coming up. ♪ ♪

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senate but breakdown all the pork that is in this horrible bill that a lot of people say is horrible, i think it is horrible, go ahead. >> reporter: there were questions whether the senate would vote on the spending package today because they were stalled over disagreements over amendments but chuck schumer announcing this moments ago, they have an agreement, the spending package will get a vote today in the senate. >> we will vote on all the amendments in order and vote on final passage, it has taken a while but it is worth it. the storm is coming. we want to have people get the bill done and be able to go home once we have done our work. >> reporter: the rush to avoid government shutdown right before christmas, a lot of stuff of been stuffed into the spending package some lawmakers are looking twice at, the spending bill includes earmarks

for things like $65 million for restoration of the pacific salmon population, $3 million for each friendly highways, 7. $5 million to understand, quote, the domestic radicalization phenomena. 3.6 million for michelle obama trail, 477,000 for equity training for teachers. >> we are going to justify having all this money in the discretionary side, all this equity, inclusion, esg that is in their. equity appears 14 times in this bill. the democrat priority seem to make it in. 98% of all democrat earmarks, over 3000 of them in this final package. why are we paying for these pet projects when we have real problems in our country. >> reporter: government funding runs out tomorrow night, the house has to approve the spending package after the senate votes on it to officially avoid a shutdown. dave: when i hear senator

schumer saying it is worth it my question is to whom? to the taxpayer in iowa paying for vanity project in vermont? it is crazy. thank you very much for that report. the fbi just released a statement blasting the newly released twitter file saying, quote, the fbi provides quickly information, the private sector, in an effort to allow them to protect themselves and their customers, or ask him to take action. it is unfortunate conspiracy theorists and others are feeding the american public misinformation for the sole purpose of attempting to discredit the agency. brent bozell joins us. i love the fbi. i want to put that first and foremost, they have done incredible work against crime syndicates, drug dealers etc. but the idea that is conspiracy theories driving the information that was in the twitter files specifically

regarding misinformation the fbi was providing about who might be responsible for the hunter biden story, that is really insulting. >> i just hope if and when congress gets around to doing its job, don't know if it will ever do its job, if and when it does its job and investigates twitter i hope they will look at that statement they just put out because that was classic disinformation. knowingly they told another ally, they have been participating in this, we need to understand the importance of hunter biden. hunter biden is the reason president biden won for the simple reason half -- had the hunter biden story been told, we have proven it, that in the 7 swing states where the election was close, 54% of president biden's supporters new nothing about hunter biden and when we told them about

hunter biden 9. 4% said they would not have voted for biden, donald trump would have won nevada, georgia, arizona, pennsylvania, north carolina, wisconsin and michigan would have won every single state, 30011 electoral votes, the fbi knew this, the left knew how strong this was so before it came out they did everything in their power to discredit it. mark zuckerberg has admitted that the fbi, the justice department told him and pressured them not to say anything, not to allow anything and he abided by what they did. to say we just gave information out there, it is none of your damn job to be doing that. dave: it certainly not their job to be paying twitter 3. $5 million for the work they are doing, that's really a violation of the first amendment, only 30 seconds.

i have to talk about the culpability of the media in all this because the media claims they care about civil liberties and so forth but everything in the twitter files is exactly the same stuff going on in watergate in which they went ballistic about, you have the fbi, the cia sending out misinformation to the media, the politicalization of these institutions is what watergate is about, why aren't they reacting the same now as they did then? >> very simple, the new york post came out with that story, anyone who was interested could look to the new york post and said let's see what you've got and they would have seen it and run it as well. the new york times took two years before they said everything is true. if they were serious about journalism, serious about getting to the truth every media outlet would look at this, study after study, and how they are refusing to cover twitter. you are the only ones covering

-- dave: great to see you. excellent stuff. merry christmas to you. new york city will soon let pot shops sell recreational marijuana. we will tell who was given the retail licenses and when you can buy legal buzz coming up. republicans are accusing president biden of intentionally causing the border crisis. watch this. >> it is becoming harder and harder not to conclude that the border crisis is intentional. nobody is this incompetent. dave: i will ask congresswoman nicole malliotakis right after this.

dave: check the markets, not a pretty picture, the dow jones is down 430 one points but look at the percentage loss on the nasdaq, down almost 2.5%, 257 point loss on the nasdaq, just about 2.5%, we will keep a

close eye but meanwhile you are looking at other specific movers, let's start with paychecks. lauren: apparel services company reported earnings, raise their guidance for the year so why the stock down 4.6%? and analyst says this. there was a decline in their results for their professional employer organization and their insurance services, that is a crippled driver of their long-term growth. he also doesn't know why but what else, it was a good report card? dave: insurance is having difficulty. targeting some problems. lauren: they recalled several blankets, two fatalities, a 4-year-old girl and a 6-year-old girl, they were under the blanket, it was too heavy for them and they died due to us fixing her. if you have one, return it. dave: western digital.

lauren: the micron sector, those ratings are under review for potential death rate. dave: title 42 remaining in legal limbo, businesses along the border are preparing for the worst. grade from. at an auto repair shop. what are they telling you? >> reporter: they expect an influx of migrants in this area just like officials all along the border are warning about. to give you a sense of where we are, this highway is one of the main smuggling ports in this county. we are riding along with law enforcement and we've seen drug and human smuggling in the days we've been here. the owner at this repair shop, you've been here for a long time, you've seen it a lot in that time especially lately, you had people breaking the glass behind you, sometimes you find migrants, sleeping customers vehicles you are supposed to be repairing but your biggest concern is the safety of your family. >> that is correct.

we are in our 28th year in business. i was born and raised in this town. a migrant problem we are seeing these days, human smuggling, fentanyl, heroin, that's the real issue here. traveling to work, my kids, my grandkids going to and from school, the reckless driving, high-speed pursuits, people coming out of the woodwork, you never know where you're going to turn, what you're going to find. >> reporter: we don't know the fate of title 42 but the fear is it will lead to more of these problems. do you feel confident the biden administration has a plan in place? >> there is no confidence at all. none of the administration is

doing anything for a solution here. they are using article 42 as something, a stopgap. dave: you want real change so the border is harder to get through basically. >> i want the migrants to become if they are coming through, i don't mind people coming into the united states and becoming citizens but i don't want my government, hospitals, jails and institutions, law enforcement officers, myself, having to pay for free ride basically. >> reporter: i will conclude with this statistic from the sheriffs office here and that is that 40% of the crime in this county is border related so it is a big problem here impacting businesses just like it is the people here. dave: that guy make such commonsense, common sense is missing from what is coming out of washington.

thank you, appreciate it. republicans are accusing biden of intentionally causing the border crisis. watch this. >> it is becoming harder and harder not to conclude that the border crisis is intentional. nobody is this incompetent, right? the president's positions on this make any sense to me. unless i view it from the perspective of maybe he wants this to happen. dave: congress woman nicole malliotakis joins us. is he right? >> look at the facts, president biden intentionally issued exec at borders to end the trump era policies that were stemming the flow at the border, they intentionally stopped construction of the border wall

despite still paying the contractors, they intentionally went to court to fight title 42, to end it, to end title 42 and end remain in mexico and they refused to go to the border to actually talk to the cvp agents who are desperately asking for assistance because they cannot overrun the drug cartels. the president still refuses to do it, you see apathy among the agents, 14 suicides this year alone plus others killed in the line of duty, hundreds of migrants have been killed in this process and 100,000 americans and so what is frustrating in the senate, what is holding up the omnibus bill which is hopeful and i hope it dies in the senate is actually a fight over title 42 because democrats don't want to include that in the on of us bill. they don't even want to keep things as they are, they want to make it worse instead of making it at least better. dave: there may be amendments, they are so much pushback by you and the public in general

they may be making amendments right now as we speak which we will see later in the afternoon but another thing about the spending bill, while it has these vanity projects for senators shelby and lady, it doesn't include funding for the world trade center healthcare program that helps 9/11 survivors and their families. senator schumer is pushing this, you asked to new york senator schumer to be interested in 9/11 spending. >> it is disheartening. there's a group of representatives, sponsors of this legislation have been pushing for it all year. it would fix the shortfall in the funding for the 9/11 healthcare program. you have diane 9/11 responders to this day and it is a slap in the face of our heroes that it is not included in this omnibus

bill that spends billions and billions and billions of dollars in all sorts of unnecessary spending and sending overseas. the bill alone, $1 billion to in carson h legal immigrants in the united states instead of deporting them and providing ngos with funding to facilitate this trafficking. that is in the bill but you don't have money for our 9/11 heroes, is a disgrace, this bill should be killed and instead not shut the government down, no one is asking for a shutdown to what we are asking for is to continue current funding levels until the new house can do its job and do it at a pace that is responsible on behalf of the taxpayers. dave: it's not a simple choice between shutting down the government or passing the bill, there's a third option and they are not taking the third option which is a disgrace. good to see you, thank you for being here, appreciate it, hundreds of chain stores in new york city have closed since 2019, how many and what is behind those closings?

lauren: 781 fewer chain stores now than before the pandemic of the decline of 9. 8% lead by metro, t-mobile, they closed one hundred 53 stores, duane reade is on there, they closed 90. even starbucks and dunkin' donuts closing up shop in the last 2 years, the reason is simple, people are working from home there's no office were not as much office occupancy and we are shopping online but it is going to probably get worse because you have crime, so many stores boarding everything up on the outside so they don't come in and smash the windows and then they are stealing stuff when they get inside so more and more big stores saying we are going to close. dave: andy curran lies shoplifting which is extraordinary. new york city is going to officially begin weed sales in time for the new year. where's the money going? lauren: for selling legal recreational pot, it will go to charity, not any charity but

specific nonprofits that lend support to communities that have been impacted by the war on drugs so the starts december 29th. new york state will sell legal recreational marijuana on that day, we made it by the deadline of the end of the year, this has been years in the making, it is racial justice system, to ensure that those most impacted by cannabis, location get the first retail licenses. it took so long to figure out how to make this work that would happen? you have an illegal market that is popped up estimated to be to billion dollar illegal market so they have to figure out what to do about that, how to make sure the legal shops have assigned it say they are legit and the product is stamped -- dave: it's a contradiction in terms because it is kind of like selling the scratch off lottery tickets and using that money for addiction to gambling. the same sort of thing that is going on. one thing completely upturns the purpose of the other.

>> seems like an experience help the community. dave: stacy abrams brought in record fundraising for her gubernatorial campaign but she still owes $1 million because -- we have all the details on that and president zelenskyy making a direct appeal urging congress to continue to support ukraine. aishah hasnie will tell us how lawmakers on capitol hill are responding to zelenskyy's pulley next. ♪ ♪

dave: the president of ukraine, vladimir zelenskyy, delivered a historic address to a joint

meeting of congress. 's visit to the white house coming as congress is set to vote on a spending bill which includes 45 billion extra dollars in addition to the aid we spent so far in ukraine. aishah hasnie is at the capital. was the reaction? >> reporter: it is important to note that for a while, democrats and republicans, vast majority of lawmakers on the hill do support sending more aid to ukraine, although we are seeing a growing number of voices on the hill calling for mode oversight into the dollars we are sending and here's why. one year into this war the us is by far the biggest contributor to ukraine, directing more than $60 billion so far with another $40 billion expected to pass any day in this omnibus package. are public and senator josh hawley said lack of oversight

is why he did not attend the remarks last night. >> i didn't go to the speech because i didn't want to be part of a photo up asking more money from the united states government when they haven't given an accounting of what they spent, we spent $100 billion in blank checks. there is no accountability whatsoever, no oversight whatsoever. >> reporter: remember gop leader kevin mccarthy who by the way will have a slim majority if he become speaker next year, recently said when republicans take control of the house they will not be writing anymore blank checks. and the ranking member of house foreign affairs told me republicans will start telling our allies to share more of the burden. staunch supporters of more ukraine aid say transparency is fine but we have to continue to help ukraine fight. >> the idea of know blank check makes sense.

what are your material it --. and a need for transparency is ongoing, all that make sense. what doesn't make sense is to assume pulling support for ukraine will make america more secure. that is folly. >> reporter: bottom line, keep an eye on how the gop continues to respond as we expect more asks for more aid in the next year. dave: good stuff, thank you very much. another republican could soon challenge house minority leader kevin mccarthy's bid to become speaker but who is it? lauren: steve scully's but he's not saying that. a group of lawmakers have approached scalise to be speaker of the house, we like you, politico is reporting he is being quietly recruited should kevin mccarthy's bid fail. scalise has said on the record over and over he supports kevin mccarthy but if you look at mccarthy's past victory, very narrow. he need needs support from 218

lawmakers, and in january republicans will have 222 advantage in the house meaning they can't lose more than four votes. ralph norman, matt rosendale and good are out there knows so we don't know how this will play out but steve scalise -- dave: only a couple -- all right, thank you. republicans in florida are planning to hold a no-confidence vote in our in see chairwoman mcdaniels's vote to become once again head of the are in the sea just days before her own reelection. this coming after the are in see chair faced back lash for poor republican turnout during the midterm elections. a new report detailing what stacy abrams spent her money on during her failed go editorial campaign. how much and what did she spend the money on? lauren: the campaign is one

million dollars in debt and raised one hundred million dollars so where did it go? where did it go? they rented this house that is on the market for $12,500 a month, it was like a tiktok type house where they make social media videos except they didn't use it much. it became basically an office. she stopped paying her staffers because she ran out of money to do that and they had a truck that would give out swag like t-shirts and hoodies but she didn't seem to be very well targeted. she lost again to governor brian kemp this time by 300,000 votes. that was money not well spent. dave: 99 million, thank you very much. severe winter storm beginning to pummel the midwest bringing near 0 visibility in some spots, the storm could had almost every state. fox weather's robert rain will give us the latest on the storm's track coming next. ♪

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dave: more than 2000 flights

have been canceled across the country, 1500 have been delayed as winter storms threaten most of the country. how should travelers prepare? lauren: check flight alerts from your airline, don't just go to the airport if you didn't go on the apps, second, if you have to change, do so early and quickly, slim pickings around the holidays. change fees are waived. be mindful of that. don't bombard the airline. if you' re at the airport, wait in line, go online, social media, get them to answer you in more ways than one. the international hotline is faster than the domestic number which is counterintuitive. know what your rights are when asking or something so you can actually get it and if you are not having luck with your carrier to get what you want, try your credit card company. many offer travel protections. 5 good tips. dave: severe weather will slam

most of the country. experts are warning residents to brace for a once-in-a-lifetime storm. robert ray has the latest. it is getting cold, you will have snow and cold over the next couple hours. when does it start getting really cold and how cold is it going to get? >> reporter: how are you doing from michigan avenue, magnificent mile in chicago. here's the deal. like flurries right now. temperatures hovering around freezing. in a few hours the snow is going to become a little more significant but the issue is this. this is what is so crumbling about the storm that is coming in, temperatures are going to drop 30 ° in a matter of hours later this afternoon and the winds, 40, 50, 60 mile an hour wind gusts. it will feel like it is

negative 30, to 35 degrees with wind chills, that is a blizzard. take a look at this video if we can show this from south dakota, rapid city, south dakota, blizzard conditions we saw yesterday. vehicles that are out there stand no chance of visibility and that is on the way to chicago and other areas of the midwest. at least in this part of the country, it is not about the snowfall totals. we will see anywhere from 3, 4, 6 inches in shot town, the windy city living up to its name. temperature freeze and the wind. and we look at the airports. we've got delays already, dozens of incoming and outgoing delays and hundreds of cancellations as we speak this morning and we just are getting going, just two days before christmas mother nature has a lock on us.

dave: appreciate it. doctor marty makary, david webb and rob smith at the 11:00 hour of varney, stay tuned. ♪

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>> going to shore up the defenses of ukraine maybe you should have done that before,