baby. you're really running around after them. but we grew up with pets our entire life. that's actually one of the ways i think we learned responsibility. what do you think about that? >> clearly, we need more responsibility. someone should go down there to 1600 pennsylvania avenue, because they're printing money like a bunch of drunken sailors and responsibility and cheerily not at the top of the list. jackie: i a hear you. and for 2023, a lot of resolutions for people across the board and what they a want to see happening. your final thoughts, what you're thinking. >> we should bring the same kind of kindness to each other, to our fellow humans as it's so natural to bring to animals. jackie: actually, that's a great point. kindness is free, and it can do a world of good to just smile at somebody or help somebody out, you know, as you're walking down the street, and people really appreciate it. kindness is freeway. guys, great to be with you this morning. i appreciate it. "varney & company" is up next. stuart, take it away, and happy

new year, sir. stuart: good morning, jackie. a happy and prosperous new year to you and everyone. sorry, but it's the not a particularly happy time for the republican party this morning. they're having a very hard time electing a speaker. the democrats are enjoying the spectacle. kevin mccarthy needs 2 the 18 votes, but at this point, three hours before the first ballot, he doesn't have them. nothing happens in the house until a speaker is elected. members can't even be sworn in. it's going to be really tense. who's going to blink? who will be speaker if it's not kevin mccarthy? if we don't get answers soon, this thing drags on, and the gop's brand takes a big hit. let's get to the markets. first trading day of 2023. good riddance to last year which was the worst year for stocks since 2008. some big banks forecast a recession and also a pivot from the federal reserve. we're starting the year with a modest rally, modest, indeed. up about 150 on the dow. by the way, the dow is down 10%

from its high, all-time high. the s&p is down 20% from its high. it'll open about 24 -- it's higher this morning. the nasdaq is down 35% from its all-time high. this morning it might be up about, what, 1% if you're lucky. look out below for tesla. its deliveries did not meet analyst expectations. oh, the horror. the stock is down to $118 per share. interest rates still showing the same spread, the 10-year coming in at 3.75, and the 2-year coming in at 4.37. so the recession indicator stays in place. gas prices starting to go up again. a gallon of regular now costs $3.232 on average, and that is up 11 cents in the last week. now this, a dramatic scene on the field at the bills/bengals monday night football dame. california mar hamlin took a hia hit -- hamlin took a hit in the first quarter.

he had suffered cardiac arrest. he's in critical condition in the hospital morning. the game has officially been postponed. it is tuesday, january the 3rd, 2023. "varney & company" is about to begin. ♪ if. ♪ ♪ i'm the lion, i'm prix to be the greatest here tonight. ♪ the greatest, the greatest, the greatest, the lion ♪ stuart: i'd like to know when's the official time when christmas trees come down, does anybody know? lauren? lauren: i said in the break italian people usually take their christmas tree down after little christmas, which i believe is the 7th this year. stuart: didn't mean the put you on the spot. it's so much fun to be back. if. >> i'm an italian person, and i don't even know what little

christmas is. >> i'm italian, and i've never heard of it. stuart: set up right there. [laughter] lauren: i mean, this is just not fair. they should show a shot of the desk to see all the men ganging up on me. stuart: one moment, please. i'd like to take this moment to thank ashley and lauren -- lauren: oh, thank you. stuart: for helping out while i was away. i have returned fully rested, and i want to thank you all. it's hard work. we're kicking off this 2023 with this, the house will hold elections today to choose a speaker. it is a mess. lauren, did kevin mccarthy make any, what was his final pitch to republicans to get them to vote with him? lauren: yeah. this was desperate, and i think a bad idea. let ming explain. so to appease some of his opponents, he supported a rule change which would allow his detractors to force a vote of no confidence and make it easier to oust him as speaker if they do not like how he's performing. watch. >> you think the rules package

you released last night has moved any votes to yes? if. >> yes. >> and what will you do if you don't have 218 on the first ballot? lauren: no answer. so we know that the five house republicans publicly oppose him, but he can only afford to lose four votes without the race going to a second ballot. look at your screen. fourteen members-elect say they have doubts as mccarthy as speaker or will not support him today. it's chaotic, it's the disunifying, and out really paralyzes the republican party. they can they -- they can't start their agenda without a speaker. stuart: newt gingrich, as you mow the former seeker -- speaker of the house, he has no time at all for those republicans who oppose mccarthy. watch in the. >> i don't understand what they're doing. they're not voting against kevin mccarthy, they're voting against over 215 members of their own conference.

their conference voted overwhelmingly, 85%, for mccarthy to be speaker, so this is a fight between a handful of people and the entire rest of the conference. and they're saying they have the right to screw up everything. the choice is kevin mccarthy or chaos. stuart: kevin mccarthy or chaos. todd piro joins us. what's going on here? >> i think newt gingrich nailed it. what we have now is a situation that republicans needed to avoid, and they have not avoided it. i've heard both sides of the argument, kevin mccarthy's not tough enough, kevin mccarthy is just a creature of the swamp, this, that and the other thing. but who is the alternative? i've been on multiple shows where the question has been asked of the people fighting this, and hay don't give an answer. i'm not saying one party is right versus another party within the republican conference right now. all i'm saying is the american people elected you to undo as much of the disastrous biden agenda as you can, and this is how you're starting?

the person that's sitting in nebraska that is getting killed by inflation doesn't give two you know whats about all these fights and all this in-fighting. they want solutions so they can live their life better, and they're not getting it, and they were promised it today. stuart: the political party at the moment, the democrats. lauren: but nancy pelosi was able to avoid this trauma that we're seeing right now. -- this drama. stuart: you're sticking with us for the next hour. sam bankman-fried's going to appear in federal court in new york city today. how's he going to plead? lauren: not guilty, to allow his defense team to explore possible defenses so he buys time or to see what prosecutors really have against him, and that could help his team negotiate a lighter sentence should he decide to change his plea to guilty later on. but, like, how favorable a deal could he get, right? think about it, his two

right-hand men have already pled guilty, are cooperating with prosecutors to form this case against sbf. what information would he be able to give them since he's the top guy to get him a lighter sentence or a better deal? stuart: yeah. how are they going to figure this one out? we'll figure it out -- we'll see what the charge is morning, what the evidence is. back to that later. futures suggest a modest rally at the opening bell this morning, 140 up for the dow, close to 100 for the nasdaq. jeff sica is here. now, i read your stuff, jeff, and you know that. you're not keen on stockings at all for the whole of this year, are you? why not? >> well, i mean, as much as i want to celebrate the end of 2022 which was an awful year for most investors, when i look forward at 2023 and being the first market guest on your show, i hate the fact that the i'm like this. but the reality is i'm not enthusiastic at all.

i mean, first of all, you have . no bear market has ever reversed in 70 years without the fed if cutting interest rates. and the fed has verbalized that they don't have a desire to cut -- they're not going to pivot. they're going to stick with their 2 inflation target, and that's going to require them to continue to raise rates which is going to be a black cloud over the market, essentially the fed has blood on their hands from what's going on. and then you have corporate earnings. corporate earningses, if you look at where they are right now, they're extraordinarily high for a recession. they have not come down. my anticipation is those earnings are going to come down by around 25% which is going to be another black cloud over the market. stuart: okay. we got that. you're the first market guest on the first market day of 2023. congratulations. however, i want to talk to you

about tesla. down again this morning, off 3.3%, $119 a share. when, if ever, would you buy tesla stock? >> well, stuart, as you know, i i have never -- i've become a big fan of elon musk and his free speech advocacy. i think it's unparalleled in history, what he's doing i think is a great thing. i've never liked tesla. i've never -- i've always felt that tesla, when it reached its peak and it was bigger than five major car companies combined, i thought it was the insane. now here you have, he's lost $200 billion. as a matter of fact, i don't think he's going to lose any, miss any meals, but he's still lost $200 billion. the company, the stock is more reasonably priced. i'm looking to buy it when it capitulates. i'm looking to buy it under the 105 -- can it hit 108, i would buy it under 105 because i do

think there's a lot of short interest, there's going to be short covering, and i do think at $100 a share it's a much more attractive alternative. stuart: $100 a share if it gets down there. >> or i'll miss it again. i've missed it a but times. stuart: thanks, jeff, happy new year to you. >> you too. stuart: staying on elon, he's teasing when we could see the fauci files released. tell me more. lauren: the 11th installment. he teased on twitter they're coming later this week but, look, he's no fauci fan. he has said very recently that twitter employees had this, like, scent internal fauci -- secret internal fauci fan club. didn't allow questioning of what he said. and i loved this new york times piece where fauci comes out and says, yeah, in my office i have all the pictures that fans drew of me, and he literally hung them -- adorned his office with pictures of himself from fans. [laughter]

i thought that was creepy. and elon musk tweeted the exact same thing, he called that creepy, and it just resonated with me. stuart: so you're in conjunction with elon -- lauren: i read that, and i thought it was sod. stuart: what do you think could be revealed in these files? >> i i i i think it has to ininclude answers on gain of function research, otherwise it wouldn't be that bill of -- big of a sell, that big of a tease going into it. you mentioned who's celebrating the ken mccarthy the stuff -- kevin mccarthy, democrats. who's not celebrating? democrats. even if it requires censorship, they don't want that information out there because 235u chi's ad god to them. they know this information's going to be used by house republicans. you've interviewed james comer multiple times. they're going to have this information if it is the bombshell that elon musk is tweeting about. stuart: all they've got to do is get a speaker. wouldn't that be cool?

look at futures, please. first trading day of the new year. there's some green there. 150 up for the dow, 100 for the nasdaq. the cofounder of home depot, bernie marcus, he says socialism is killing america's work ethic. he's not mincing any words here. we'll tell you how he's characterizing today's workers. damar hamlin, 24-year-old safe i for the buff with low bills, remains in critical condition at a cincinnati hospital. dr. marc siegel has analysis next. ♪ ♪ teeth sensitivity is so common. it immediately feels like somebody's poking directly on the nerve. i recommend sensodyne. sensodyne toothpaste goes inside the tooth and calms the nerve down. and my patents say: “you know doc, it really works."

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stuart: masks are back at public schools in philadelphia at least for the next 10 days. jeff flock has the story. hey, jeff, where else have masks returned to the schools? >> reporter: yeah, we poked around nationwide, stuart. it's fairly limited, but there are a couple of districts that do have masks. across the river in camden, new jersey, as well as in patterson, new jersey. both of those districts requiring masks. other districts are urging masking like boston, for example. they say in boston it's an and an expectation but not a mandate. in dayton, ohio, strong recommendation. new york city also recommending masks. again, not mandating them. here in philadelphia the statement i says it's the an effort to be proactive in supporting healthy environments and maintaining in-person learning. they don't want to have to go back to online learning. we just talked to the superintendent of schools here in philadelphia. here's what he told us moments

ago. >> we had an uptick the, an increase in cases after thanksgiving, and we expect the same thing to happen after the winter break since it's longer, two holidays -- multiple holidays. and so as a prevention measure -- >> reporter: speaking of that prevention measure and masks, stuart, ipsos did a study of how many people masked. this in september 2020, almost 90% of america says it masked at some point. a year later it was 71%, and in september of this year -- or of last year, 202 the, still a third of people say they mask at least some of the time the. i'm happy to report, sir, if you want to wear a mask, you can do so anytime. right on the air there if you want to. it's a free country. mask away if you want to. stuart: i don't know what the expectation is, i don't know what the mandate is, i don't think there is a mandate. i don't really think our viewers would want to see me in a mask broadcasting from new york, but that's just --

>> reporter: no, they want to see your face, sir. [laughter] stuart: oh, absolutely. glued to it. jeff, you're all right. i don't care what they say. dr. marc siegel is with us now. let's get straight at it. should kids be masked in schools all over again? >> the key, stuart -- by the way, i'd love to see you wearing a mask, but then i would never see you smile, and that's your best feature, is that smile. [laughter] the key here is the word "mandate." i mean, what's the mandate. did they ever -- to show you it's a purely political move, does anyone ever stand at a school and teach anyone how to wear the mask? they don't wear it properly, they wear the wrong kind of masks. i agree with the report, you can mask if you want to go on a plane and wear a mask, do so. if you want to acceptable your child to school with a mask, do so. but it definitely interferes with socialization and learning. it's a crucial learning tool to be able to read people's faces.

i'm reading your face right now, stuart. stuart: yeah. but, no, i'm serious here, i think you're exactly right. don't mandate it, but if you want to wear a mask, wear a mask. you don't want to wear a mask, don't wear a mask. i don't see mig wrong with that. there you go -- anything to wrong with that. a very serious development last night. we've all seen the video of damar hamlin collapsing on the field, happened after he tackled an opponent. he stood up and then he suddenly fell to the ground. he was given cpr on the field. he's now in critical condition at a nearby hospital. doctor, the bills say hamlin suffered cardiac arrest. now, my question is, what led to this? the was it the hit? >> well, the hit led to it, i think almost definitely, although i'm not there. commotional cardio is a kind of condition that occurs with just a small hit because, stuart, the heart is electrified.

at a certain point mt. cycle when electrical activity is interrupted, this can lead to a lethal arrhythmia meaning your heart is just fluttering. the good news here is we now have defibrillators on the field, and these help a lot. so they did cpr are, they used the defibrillator, they restored a normal rhythm on the field, and they got him to the hospital. now he's in critical condition. the most important question now, and all of our hearts go out to him. he's a role model, by the way. he's raised a lot of money for his community where he grew up, a toy drive. he's a role model to his family, he's a great human being. i'm a buffalo bills fan. i went to medical school there, and i have been following his career, he's terrific. the key question now is will he wake up. did he have any problem with oxygen flow to the brain. that's during these situations what you worry about the most. stuart: so there is the still real danger here.

>> there is real danger here. they're going to watch him very carefully, they're probably using steroids to keep swelling in the brain down. they're going to slowly wake him up. good news coming out of the hospital -- and it's a very good hospital. it's a level i trauma center, university of cincinnati. they're going to -- they've reported that his vital signs are back to normal. that's really good news, he's not out of the woods yet. stuart: well, we're all hoping and praying for a fine young man. doc siegel, thank you very much, indeed. happy new year. >> thank you, stuart. stuart: we're coming up to the opening bell for the first trading session of the new year. dow's up about 150. we'll take you to wall street after this. ♪ ♪ this is gonna be the best day of my life, my life ♪ you ok, man?

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stuart: all right, ladies and gentlemen, the the market suggests an upside move at the opening bell. up 100 for the nasdaq, we'll ache that. the second market guest of the new year is about to join us, and he's bringing with him some news which i find hard to take. david have due sky is with us, and you're saying -- welcome to new york, by the way. >> thank you. stuart: you're saying that this, 2022 the could be the start, the beginning of a new lost decade.

you know that that's my biggest fear, that we go through the whole decade, don't do much for sock prices, and i'll lose my shirt in retirement. are you predicting that? >> well, stuart, it is great to be with you here live in studio, and, you know, 2022 we saw the stock market hit its record highs, and then now we've seen the market go down. so it's the worst time that we've actually seen for both stocks and bonds in a one-off year. of and so as we look forward to the future here over the next 10 years, yeah, i think that a lost decade is very likely given the fact that we have so much pressure coming from so many different areas all at once. and so i'm calling it the federal reserve bubble. i believe that there is a bubble in the stock market, there's a bubble in the bond market here today to, we've got a real estate bubble and that's also hurting corporations as we look at how they are no longer able to borrow at such low interest rates. and so this whole change the

federal reserve has brought in has left us in a very, very difficult spot. stuart: we can't get out of it? >> well, there's a number of things we could do to get out of9 -- of it. we start pumping some oil again, that's going to help the united states. there's a lot of challenges as we look forward to the future here, and this real estate bubble is just beginning to peak. one thing to understand about real estate is that it's a lagging indicator of economic health. and so as it's starting to peak out, i'm, you know, i've got high expectations here that what got us to this place as far as success goes is likely going to be one of the challenges that we have in the future. growth stocks as an example will likely have big challenges moving forward to the future. stuart: microsoft is a growth stock. >> yes, sir. stuart: i still own that thing. >> yes. stuart: are you telling me to sell it at, what is it now, it's 243. sell at 243? >> stuart, depending upon your time horizon and everything els-

[laughter] stuart: very important to me at this moment, because i'm going to be 75 this calendar year. >> yeah. stuart: now, i don't know how much time i've got left, but i don't want to waste an entire decade -- >> right. well, i'd say that you should be looking at the world. i know that you like treasuries, but we look at the world as cash assets, protection assets, if it's one of your favorite companies, i'm going to say it's going to likely have a better story as the future unfolds because of how we're doing work at home right now. but i'd say that we do need to be the a lot more protected as we're looking forward here, and in 2023-2024 especially the tide seems to be going out. stuart: you're doing your best to help me out here, i can tell that, david. welcome to new york and a happy new year to you. susan was laughing at my expectation of life -- [laughter] susan: -- the new year, because we want to see you around for a long, long time. stuart: i'm sure you do. [laughter] thanks, susan. all right. the bell hasp stopped ringing.

we are now in business, first trading day of 2023, and stocks are up. it's not a huge rally by any means. the dow's up 50 points. disney is the best performer it's back to 83, right there. okay, the s&p 500, how's that opened? higher? yes, but not by much. a half percentage point. how about the nasdaq in this morning? opening with a gain of .89%. big tech, let's have a look at 'em, all of 'em, please. all of 'em in the green. again, not huge gains, but we do have meta up 3% and alphabet up almost 2%. same with am amazon. microsoft at 1.2% and apple, $130 a share on ap. let me have a look at tesla, please. down big again this morning. [laughter] off 4.5% right now. susan, come back in again. [laughter] they made the unpardonable mistake -- susan: unpardonable. stuart: -- of failing to meet

analyst expectations. susan: elon musk saying they were going to deliver about 50% more cars, they delivered 40%. still a record year, record quarter, but still short with 1.3 million cars that were shipped, 405,000 in the quarter and also making a big announcement over the weekend which i think was buried. they named a new number two behind elon musk, and that's the former china boss john jiu overseeing north america, china, europe. i was reading through analyst notes, and they were voicing turns -- concerns for tesla stock heading into this year. price target cuts from jpmorgan, truist, deutsche bank. they're still $10 in upside, but tesla's down about 70% over the past year. but you know who's going to buy still? cathie wood's purchases for the quarter are 100 million or so

over the last three months. twitter taking up too much of elon musk's time as you've herald from many, many frustrated tesla investors. but spacex just raised $750 million, valuing the company at $137 billion. stuart: it's not a publicly-traded company. susan: no. stuart: so if they sell some shares privately, you get a handle on how much the thing is worth. susan: right. so -- and they raised $2 billion last year. but it's the expensive to send rockets into space, and i think elon musk, i think he has about 50% ownership in spacex. but still he lost $200 billion, first human on the planet to do that. stuart let's get to crypto. bitcoin still around, what, $16,700. any chance of a resurgence this year? susan: okay, so you know sentiment is obviously down. credibility has been shaken especially as we're listening in to the sam bankman-fried trial here in new york city, and it really hasn't gone anywhere.

in some ways that's kind of positive because no one's rushing for the exits, and 70% of bitcoin held many wallets hasn't really moved despite the downturn and the ftx collapse. of you have predictions all over the place, and also tim draper who's calling 250,000 per wit coyne been bitcoin -- i know. stuart: that's just one of those headlines. fear of missing out -- susan: right. and he's talking up his own book since he probably owns a lot of bitcoin, one of the first and early investors. you also have mark mope yous from emerging markets calling 10,000 and then, of course, gemini. we're looking for the next possible domino to fall with this ftx collapse, and over the weekend gemini, which is owned by the winking vos twins, they are complaining about dcg -- who owns the grey scale trust. they say that dcg is freezing a

billion dollars that they need returned in order to pass it back on to their clientele. stuart: so they've got a fight going on there. that doesn't inspire confidence. susan: and also gemini needs the cash in this higher rate environment. stuart: terrible thing if you can't get any cash. how about paypal? they're up nicely, 4%. somebody's got to be bullish. susan: yes, truist calling it a buy, worth $95 instead of 75, that's bullish. paypal's coming off its worst year on record, kind of like tesla, down 63% over the past year. look, these fast growth stocks that don't make a lot of profit, you're in trouble especially with rates hitting the highest since 2007-2008. but now most analysts, this is what i found surprising when i dug into the numbers, most analysts are actually bullish. if -- almost double where it is right now, and jack dorsey's payment company also up on an

upgrade from bayer. jack dorsey's block down about 62% over the past year. stuart: ouch. can you show me the chipmakers, please? america wants them to come here, produce those chips in the united states. but i believe south korea wants those chipmakers in south korea. susan: yeah. and they're a offering tax the breaks as well. you have that chips act taking place here. i was reading a lot of commentary over the weekend including an investigative report from "the wall street journal,"s and they say it's the not going to help all that much. the chip shortage has ended really, you have an oversupply right now if you listen to a lot of the results from micron and the like. so, you know, maybe that $50 billion chip shortage is going to take some time, there's a ramp-up time and a lag time to get those plants up and running especially in arizona, $12 billion, and the like. stuart: who knew that the chip shortage was over? i didn't know that. thanks, susan. check the 10-year treasury

yield, please. previously it was under 4%. i'm pretty sure it's down now. can you show it to me, please? 3.749%. and the yield is down today. the price of gold still above $1800 an ounce, actually moving nicely higher today, 1850 -- susan: six month high. stuart: we'll take it. bitcoin, as we showed you earlier, 16,7, is your quote. the price of oil, $80 -- no, 78.28 as we speak. math gas -- nat gas, you know, it's kind of warm weather. down nearly 10%. gasoline's starting to go up, up 11 cents in the past week to an average of $3.22. where do you think the cheap gas in america is? susan: georgia. stuart: correct. [laughter] it's 2.77, and it is the georgia. a new op-ed says gen z youngsters are soft, and it's all a because of social media. we'll explain that.

vanity the fair kicking off the new year with a hit piece on governor ron desantis of florida. joe concha says we'll be seeing a lot more of this, joe is here mt. 10:00 to hour. over two-thirds of economists see a recession this year. i'll ask larry kudlow if he agrees with that. larry is next. ♪ ♪

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♪ ♪ stuart: all right. 111 minutes' worth of business, and this market is moving up. the dow is up 200 points, the nasdaq up 138. that's 1.3%. first trading day of the year, stocks going up at least in the early going. well, it is a new year, but we have the same concerns. we brought the same concerns with us into 2023. edward lawrence with us this morning. first off, who says we're going

into a recession? >> reporter: yeah, it's two-thirds of the economists that are at the 23 largest banks in the u.s. that's a lot of people who are very smart. now, certainly not president joe biden, he's not saying that. he's waking up today to a new congress. in fact, the the vice president, kamala harris, will preside over the senate opening today and swear in the new members of the senate as well as the returning members from the senate. but the president, he is going to have to deal with a house that has flipped. now to the majority, eventually once they get a speaker going. economist steve moore told me on "your world" that the spending the government's doing is pushing the inflation higher than wages. >> the difference between how much wages went up for workers versus how much inflation went up for the price of things that we buy, the heritage foundation says that's about a $4,000 increase in costs above inflation. >> reporter: so president biden signed at least $5.8

trillion in spending into law. we have inflation at 7.1%, gas prices on the rise again, americans' checks still don't go as far as they need to. in california, for example, $843 billion in stimulus has already been given out, another 1.2 the billion will be given out this month, south carolina, idaho, colorado all serving out checks this month. but that's not long-term help as the federal reserve raise rates two or three more times this year and it keeps interest rates above 5%. >> keeping it there as the economy slows with these higher interest rates and unemployment rises with these higher interest rates and the economy slows, that's when they'll really get the pressure to start reducing rates before inflation is even close to 2%. and that's what you already see coming with some of the politicians and so forth. >> reporter: thomas hoenig ig

thinks -- the president with no public events after that week-long vacation, stu. stuart: thank you very much, indeed. let's bring in someone that's been in the center of economic issues, his name is larry kudlow. all right, larry, we've heard from all these economists about expecting recession. what's your outlook for 2023? >> well, with all those bank with economists expecting recession, i almost want to say there won't be a recession because they're never right. [laughter] they're as bad as the fed. but, look, it's not a great outlook. i mean, number one, economic policies have been spending, you know, the latest was $1.7 trillion. that feeds into demand. they raise taxes, the trump tax cuts, the corporate tax cuts, stu, that were so successful in boosting growth and wages and jobs and family incomes, those

tax cuts are expiring, so that damages supply on the investment side of the economy. plus, biden policies have increased the 15% minimum tax on companies now, there's a 1% share, a repurchase tax. all this will attack the supply side of the economy while the spending boosts the demand side. so that's a stagflation scenario at best. the fed is going to have to stay tight. interest rates are going to creep higher, and they're going to keep them high. i mean, look, the best news, i think, is the inflation rate is coming down. there's clear evidence. so i think you're going to run a 3-4% inflation rate, okay? if that's still above their 2% target, but that's a big help from 9 or 10%, all right? if that's good. i do wore ily about corporate profits -- i do worry about

corporate profits, and that's why i worry about the stock market. but there's always -- you know, it's the new year, stu. you know, it's the new year. let's try to be the optimistic. here's a point my friend rah st. a conservative supreme court and a republican house will stop the worst of the bidens lopsided, anti-growth, big government spending and central planning policies. so that's on the bright side, so let's see how this plays out. stuart: i just don't see how a republican house with an exceptionally small majority and a contest thed speakership, i don't see how they can really have a great impact on biden's policy, economic policy going forward. can you? >> yeah, i think there will be. i mean, i think that -- they have about the same margin as moses' had -- pelosi's had in

recent years. i think my friend kevin mccarthy has a tough fight. i support him strongly. but some people in the know, in the cloakroom and on the floor are tell thing me it doesn't look great for kevin. i think if kevin doesn't make im strongly are, but, again, steve scalise would probably make it. i think that's terrific. scalise is a fabulous, would be a fabulous leader and a fabulous speaker. but here's the key point. even though the senate republicans stupidly signed on to the omnibus spending bill, they should have had a c.r., so it's going to take the house the next year. but the house will use the power of the purse, stu, that's very, very important, point number one. point number two, they will not allow any tax hikes coming down the road. and point number three, they will go after some of the regulatory issues, the anti-business regulatory issues,

the war against fossil fuels. i think they might try to strike some kind of deal on permitting, that's a possibility. but i wouldn't underestimate. i mean, look, the house, all money bills originate in the house. stuart: true. >> that gives them a tremendous amount of power. stuart: we needed a little hope, and you delivered a little hope there, larry. thank you very much, indeed. >> i try to -- stuart: i'll watch you at 4:00 this afternoon. give me some more hope, larry. come on, 4:00. [laughter] >> i'm trying to make the best of it. happy new year, stu. stuart: happy new year to you, sir. thanks very much. equinox, they're the luxury fitness people, they would not let you sign up on january the 1st. why not? well, we're going to try to tell you why. the white house and congress going a after the airlines following all the travel disruptions after the holidays. is more government the answer? ashley webster has our record if orlando international airport next. ♪ i just wanna fly.

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stuart: the travel nightmare is

not over yet. some lawmakers are calling on the federal government to step in and create an airline travelers ' bill of rights. ashley webster is at the orlando international airport. ash, have you spoken to any travelers about this? what do they think? >> reporter: yeah, i have. today they're actually smiling saying it's going smoothly, but when i bring up the issue of a bill of rights with passengers, almost everyone said, yeah, it would be nice to have some standards that we could all live by with the airlines. as i say, things very smooth today. yesterday was a big travel day, of course, with people needing to get back today for the first day back at work. these numbers are from yesterday that show you the airports in florida including the one here at orlando international. 58 flights canceled yesterday, 500, nearly 600 flights delayed. that's not great. fort lauderdale, miami, tampa, you can see there. there was also, by the way, a glitch with the air traffic the control system in miami yesterday which really slowed

down the rate of traffic, air a traffic coming in to florida. so even the government has a hand to play in getting their act together. but certainly southwest's reputation taking a huge hit, as we know. we saw the video, we saw the angry people, thousands of canceled flights over the holiday period. 17,000, close to. southwest blaming the weather, staff shortage, a inadequate computer system and all of that leading lawmakers including richard blumenthal, the democratic senator from connecticut, to say we need a bill of rights for airline passengers and now. take a listen. >> the kind of disaster that we saw with southwest simply dramatizes an ongoing failure by the airlines to respect basic passenger rights. the minimum kind of performance that passengers need and deserve. and that's why we need an airline passenger bill of

rights. >> reporter: a bill of rights, stu, that would establish fair compensation, refunds, resource for delayed flights and so on and so on. there is still no industry the standard. but, or you know, after this holiday season of absolute nightmares for many travelers, especially southwest passengers, that bill of rights call is getting louder and louder. so it'll be interesting to see whether there will be some sort of government action to get everyone on the same page. back to you. stuart: interesting to see if that actually helps. that's another story entirely. >> reporter: yes. stuart: todd stuck around for the whole hour. man, have you gotten some air time over these holidays. >> a lot on your show specifically and other shows. are you okay with that? stuart: do you have a new year's resolution? >> yeah, lose the weight. i'm 206.3 -- stuart: what do you wanted to get it down to? >> 175. stuart: i gained 5 pounds over the holidays, my resolution is

to lose it. i'm not going to ask if you made a resolution. huron lauren i don't make them. stuart: still to come, brian kilmeade, joe concha, mercedes schlapp. the 10:00 hour is next. ♪ ♪ .. we got the house! you did! pods handles the driving. pack at your pace.

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