>> it is kevin wick car think or chaos. republicans needed to avoid and ahave not avoided it. who is the alternative? >> miles per hours don't care who the speaker is. they want one and they'll move on. >> looking forward at 2023, the reality is i'm not enthusiastic at all. no bear market has ever reversed in 70 years without the fed cutting interest rates. it'll require them to continue to raise rates, which is gonna be a black cloud over the market. >> i think a lost decade is very likely. i'm calling it the federal reserve bubble. this whole change to the federal reserve has brought in left us in a very, very difficult spot. >> it's not a great outlook. the fed will have to stay tight. their interest rates will creep higher and they'll keep them high.

♪ stuart: all right, everybody. this is the first trading day of the year. it is 11:00 eastern time and tuesday, january the 3, 2023. the markets have been open for 90 minutes and it's a mixed picture. we started strong and now dow is up 4, nasdaq down 32 points. not that much movement but look at at the scene la, a --less tafanely. a lot of movement there -- tesla. a lot of movement there, down $12, that's 10% shaved off tesla back to $110 a share. big tech, mixed picture, meta, amazon, alphabet on the upside and microsoft and apple on the downside. look at apple, down 3% as we speak. 10 year treasury yield coming way down, 3.76%. that's the markets on the first trading day of the new year. now this is not a stock market

or economic forecast. i wonder where we're going with some issues that define america. some recent development haves me really worried. take the border. at a time when whole towns are being overrun by illegal migrants, you might expect the government to do something to stop the flow but no, they're doing the exact sop sit. opposite. $1.7 trillion spending plan specific says is that no money may be spent on fences, barriers or walls. billions for processing, nothing to stop them walking across. take crime, the coddling of criminals knows no bounds. one provision of illinois' safety act allows people confined at home with an ankle bracelet to just walk away. the police may not act for two days. two days before the cop can come get them back.

that same act, which took effect sunday, stops police from removing nonviolent trespasses from your property. in your house, you can't do anything. in your backyard, can't do anything. cops won't take them out. take the culture wars, california is now a sanctuary for transgender youngsters that want gender affirming medical care. that includes irreverseable hormone treatment without parental consent or knowledge. if you reject, you're at the very least a knee and rathole. i expect there's a lot in america today. wondering how we got here. maybe i'm getting hold and to me seems like the world's turned upside down. third hour of varney starting right now.

i wish i could be more positive, first show and trading day of the new year and i like to be positive but i'm mired in negative. mercedes schlapp joins me now. we have a lot to worry about but where are we going with the key issues: border, crime, and culture wars, where are we going? >> first of all, stuart, you said you think you're getting old. i just celebrated a birthday so i completely understand how you're feeling right now. it is frustrating to see what is happening in this country basically when you look at the fact that the border is chaotic where the federal government is failing to give the state government and border patrol agents the support they need to battle what we're seeing happening at the border, whether it be tackling the drug cartel situation and the fentanyl coming into the american communities, which obviously is having a tragic impact across the country. add to that when i was reading "the wall street journal" today you're talking about that more than two-thirds of the

economists in these financial institutions are basically saying, listen, we're going to end up in a recession 2023. that is bleak. that is not helpful for the american families who have struggling day in and day out to pay for their bills and get through this very difficult time and the fact is that we're not getting americans back to work. the labor participation rate continues to be very low and not where we need to be and getting people back to work and building this american work ethic that has created this very strong innovative country, and all of a sudden it just feels like there's a lot of these pieces that are not falling into place and causing a lot of, i think instability and uncertainty in america. stuart: what do you make of the election for speaker? the first ballot should take place in a couple of hours. there are half a does everyone holdouts that say they'll never vote for kevin mccarthy. where we looking at -- are we looking at chaos here? >> i got to tell you, stuart,

it's going to be a nail biter when dozens of house members said they don't know if they haven't basically been public about how they're going to vote for speakership and let's remember, the last time you saw something like this happen where it was -- if it would be a failed speaker vote in the first ballot was back in 1923, which it took over nine different ballots to get to the speakership. this is very problematic for kevin mccarthy because he's been trying to dot best he can. he's a good politician and trying to dot best he can to make concessions with some of these conservative members, and it just does not seem these conservative members are budging. the best he can get out of this is if you lose the form -- or he gets these four members to vote for him to get to the 218, that works but if not, the best deal he can get is probably that they vote present, which means they don't vote for an opposed candidate but vote present to see if he can get to the

majority, but it is a very -- talk about uncertain situation. we really don't know what's going to be happening yet because it doesn't seem that kevin mccarthy has the votes. stuart: the democrats are laughing and the gop doesn't look good at this point and unfortunately that is the case. mercedes, thank you very much for being with us, and i'm sorry i'm such a downer this morning. i should correct myself i suppose. happy birthday by the way. >> i'm feeling like you're feeling, stuart. we're on the same page. stuart: we can keep smiling. mercedes, thank you, see you again soon and thanks a lot. now a look at the markets, we've got 97 minutes worth of business under our belts and a bit of red ink spread across the board and nasdaq coming down 60 points. mike murphy with me and he'll be with me for the entire hour. we're glad about this. >> bringing positive also. stuart: please. >> let's go. stuart: we've had a couple of guys on the show earlier this morning, market watchers saying, hey, don't expect much out of the stock market this year.

one guy said you might be in for a lost decade. make me feel positive there, mike. >> okay, ready? we don't know when the market's going to bottom. we don't know if we've hit the bottom already or just a few percentage points lower was the bottom. i don't know, stuart, how to predict when the market bottoms orono if we're in for a down year for the markets again. i can look historically, statistics tell me after a bad year like we had in 2022, the market has a much better chance of performing well. i can tell you what's not going to happen is those gentlemen that were predicting stay away from equities, they're not going to get a doorbell ring saying now is the time to come in. now is the time to put money to work. it does not work that way. all though maybe they're smart enough to wait, holdout, wait for a bottom and get back into the markets. myself and most other investors are not that smart. so to be able to -- the key is the timing, not timing the market but the time in the market. the market tells you over

history it's performed and it's performed very well almost 10% a year. stuart, rather than fighting that, stick with it. it's always worked in the past. i'm betting it's going to work again. stuart: didn't work in the 1970s when i first came to america. i was doing a financial show in san francisco throughout the 1970s. the market barely moved. it crossed -- the dow crossed 1,000 for the first time i think in like 1972. it didn't get back to 1,000 till 1982. >> okay. so if you had just the ten year horizon and you invested right at the top, then you were a flat 10-year period. stuart: yes. >> yes. what if you had been investing throughout that 10 year period and continued to invest through the '80s and '90s, and 2000s? stuart: you'd be rich. stay there. it's a nice positive statement. we like it. lauren, come with us. the movers -- i want to know about southwest airlines. down again. lauren: they're being sued by a

passenger saying they failed to provide refunds last week during the cancellations. i mean, they canceled almost 16,000 flights at the busiest time of the year. the cost of that is going to be in the hundreds of millions of dollars and if you add a proposed class action lawsuit on top of that, this is going to be very expensive and very difficult for southwest to get out of. stuart: they're dealing with it for years. lauren: for years. stuart: in court for years and years. lauren: and the public relations drama that ensues. stuart: bad pr. apache. lauren: one-third of the world will enter a recession including u.s., china and europe. those are the main engines of global growth and if they're slowing down that's less oil and gas and energy sector. stuart: can you hold on for a second. kevin mccarthy wants to be the speaker and is speaking right now. can we listen in for a second? he finished, okay. what's the headline for me, do we know?

the vote -- the first ballot will be in a couple of hours. we'll get you that headline. back to the market, new mining, they are up f today, gold compa. lauren: yeah, because of recession fears, gold is surging today to a six month high, numont is clearly a major gold producer. stuart: nasa sounding the alarm about a new space race and china could be trying to claim territory on the moon. we have a report. there's a new migrant surge in the florida keys, hundreds of people just came ashore at a national park and forced it to close. we've got the details. nearly 4,000 migrants have arrived in chicago in just the last few weeks. now the city's asking for $54 million to handle the surge. who's paying for this? grady trimble has the report from chicago, next. ♪

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and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: breaking nudes from capitol hill -- news from capitol hill, kevin mccarthy has spoken out saying he'll not drop out of the speaker's race and republicans will naturally night with one another and "we may have a battle on the floor"mccarthy says. we'll bring you more updates as we get them. sanctuary cities like chicago and new york have taken in thousands of migrants and want the fed to pay for it all. new york wants $1 billion. grady trimble joins us.

are the cities going to get the money they're requesting? reporter: some of it for sure, stu. fema approved $8 million for new york city to deal with the influx of migrants there, but that's a small fraction of what they say they need that $1 billion you mentioned. in chicago's case, mayor lori lightfoot is asking the state for nearly $54 million to keep providing emergency services to migrants here. lightfoot sent a letter to state lawmakers requesting that money after she says the govern herb's office told -- governor's office told her the state is "out of funds and won't be able to help anymore at the end of this month". governor greg abbott mussed more than 1500 migrants to chicago since the summer and sent more than 16,000 to sanctuary cities across the country. in denver, the city says it's spent more than $3 million on shelter and services for around 3500 migrants and mayor michael

hancock is calling on other cities and counties in that area to pitch in. >> part of the cost for the taxpayer is overwhelming a lot of these services that are meant to go to the american people, the healthcare, education, that's not being spent on the american taxpayer but all the illegal aliens that are coming to the country under the biden administration. reporter: and speaking of healthcare, the biden administration has approved a waiver to federal law in washington state that'll allow the state to provide healthcare to people who are here illegally under the affordable care account. stu. stuart: grady, thank you very much, sir. take a look at this new video showing border agents apprehending migrants as they sneak over the border in el paso. eight people eventually apprehended. lieutenant chris oliveras with the texas department of public safety and joins me now. lieutenant, we're hearing reports of residents in el paso patrolling the streets looking

for illegal migrants, is that accurate, sir? >> good morning, stuart. thanks for having me on and great to be with you. i have not heard as far as any citizens taking any matters into their own hands trying to look for illegal immigrants that are making their way illegally into our country, but also into the city of el paso but i would not put it past them as well. i mean, it's got to the point now where the federal government is not doing their responsibility to secure the border and they're allowing this crisis to continue to take place where we're seeing record number after record number every single month. of course the citizens of those cities are fed up. they are going to take matters into their own hands and that means looking for some of the illegal immigrants that report to low cal law enforcement or border patrol to apprehend the individuals and i can see that happening. it's gotten to the point, stu, there's so many people coming across the boarders and those also that we don't know about, those got aways that we talk about that make their way into our country through the cities. so it's very concerning not just to a law enforcement perspective but to the residents of the

border communities. stuart: well, this $1.7 trillion spending plan that's just passed, it did not contain any money for any kind of barrier, fence, or wall to keep people out. there were billions to process people coming in. seems to me that is an invitation for people to come across. how did you react to this? >> well, that's exactly what it is. it is an invitation and it's not going to stop this problem that we're seeing and the fact that the federal government has pretty much said they're not going to fund any type of enforcement action in terms of border security, but they'll allow more individuals to come across, process them faster and release them faster into the country goes completely against what we should be doing and that's securing the border. stuart: are these working? >> so many people are coming across. stuart: what is it, 2 million have come in in the last 18 months. are these people working? where are they? >> that's a good question. that's a great question. we don't know where they're at

or what they're doing. i mean, i'll tell you what else, stu, just in the past 90 days, the first three months of this fiscal year, there's been over 617,000 encounters at the border, 216 of those were expelled under title 42, but 430,000 were released to the country and also that's leaving -- that's not taking into account the over 230,000 known got aways from the first 90 days of this fiscal year. those are staggering numbers and -- numbers and shows it not decreasing and only getting worse every single month. stuart: lieutenant chris oliveraz, thank you very much for joining us. a lot of people don't understand how serious this question is because only on fox is it being properly reported, that is my opinion. >> exactly. appreciate it. stuart: you got it. >> thank you so much. stuart: florida just had to shut down a popular national park. never done that before, and it's because of the migrant surge. all right, lauren, first of all.

which park are we talking about and how long does the shutdown last? lauren: the dry tortuga national park and will last at least two dais. this national park is about 70 miles off the coast of key west. about 300 migrants arrived by boat over the weekend, many of them from cuba. all of the migrants have to be evaluated before they're taken by boat and bus to the mainland where they can seek asylum and the park will remain closed for several days with no reopening date because it is so remote. they have to get all the resources there to vet the migmigrants coming in on homemae boats from the 90-mile journey from cuba to florida. they're risking their lives to do it because there's a welcome mat in the united states to take in anybody and everybody. stuart: nobody is doing anything but spending more money to process more people to come in and inviting them. lauren: and sending them

throughout the countryment stuart: this is a different story but somewhat similar, the chief of nasa sounding the alarm about china's space program. what's he saying about the moon? lauren: so this is bill nelson, the nasa administrator and he says that china could be plotting to claim territories on the moon telling politico it is a fact, we're in a space race and it is true that we better watch out they don't get to a place on the moon under the guides of scientific research, and it is not beyond the realm of possibility that they say keep out, this is our territory, especially in the resource-rich areas of the moon. then there's this story, nasa is reportedly considering spacex, elon musk's company as an emergency option to bring three astronauts home from the international space station and were supposed to take a russian space station back but there was a coolant leak and trying to figure out how to get them back.

stuart: mike, do you guys ever invest in anything ever to do with space? >> we do. we've looked at a lot of space companies, space exploration companies and invested in some that invest across the entire infrastructure of getting to space, living in space, everything involved in that entire sector. we've looked at a lot of the valuation, stuart, we're extremely high when we started looking about 18 months ago. they've all come down to much more normal valuations so we continue to look at the space. it's something where i think there's a lot of opportunity, a lot of companies will try, a lot will fail, but the ones that get it right, i think there's a big opportunity there. stuart: all right, thank you, mike. check the markets, please. two hours worth of business on wall street so far this morning and we're showing r red ink down in the south. nasdaq down close to 100 point asks s&p close to 23. we started in the green and now in the redment. how about this, prince harry

opening up about why he won't leave the spotlight. roll tape. >> the family water is never explained but it's just a motto. there becomes a point when silence is betrayal. stuart: okay. silence is betrayal. interesting. nigel has more to say on that. kevin mccarthy says he will not drop out of speaker race even though some republicans say they'd never vote for him but who could get the job instead? that's next. ♪

♪ stuart: just to the left. a little to the left inland. okay, that is naples, florida, one of the world's great

paradise locations. it is warm now and 71 -- 81 degrees there right now. when i was there over christmas it went down to 38 at night, south florida, that's freezing cold. >> we should do this live from there one day. stuart: i'd l love to do that. lauren: ritz carlson on the water front. stuart: the one on the beach is closed, hurricane damage. susan: where do you go for brunch and champagne then? unbelievable. >> stuart hosts the brunch parties. stuart: i've learned, ladies and gentlemen, susan is back with us. we're looking at the market, start with the movers, i want to know what's going on with apple. susan: one of the biggest drags today, especially on the dow, apple no longer a $2 trillion stock. it was a last company in the $2 trillion club but it's still the single largest influencer on the s&p 500 in four decades and the news reporting that apple

has told its suppliers to make fewer components for air pods, watches and mac books because a weakening demand. i'd take that with a grinch salt because the -- grain of salt because this news source isn't always 100% accurate and apple has already warn that had china disruptions will mean fewer high-end iphone 14 pros, promaxs shipped during the holiday period. stuart: before we move on, you know, i got those ear pod things -- susan: air pods. stuart: air pods and the left side had this rumble no matter what, there was a rumble in my left ear. nobody believed me but turns out i was right. there's been complaints about the rumble in the left air and i've got my ear pods -- susan: air pods. good, you've replaced them but have you tried the spatial audio in the air pods? it's incredible. you can like hear audio from all

parts of the room you have inner ear stereo. i'll show you how to work that later on. can i get to reopening stocks since we're talking about movers? stuart: yes, sorry. susan: i want to talk about the sackmary say know operators and wells fargo did upgrade wynn and sans to the gaming table and internet stocks up almost 50% from october lows and you're still down 40% and morgan stanley said it's on the buy, you could get 8% by the end of this year -- 8% plus down. stuart: sorry i cut your time down but i like the air pods. lauren: ruca placed them or -- you replaced them or bought a new pair? stuart: replaced them. susan: yeah, all kinds of things. actually it blocks out the extra notice you get with the spatial sound. stuart: show me how to do it. thank you, susan. the house will hold elections today to choose the new speaker. some republicans say they will

not vote for kevin mccarthy under any circumstances. go fact share david govello with us now. why are they doing this? they cannot win and what do they hope to achieve by the holdout? >> those that are holding out for a set of rules, they believe will make the house better seem to be overlooking the first rule of the house, which is the t majority wins and the caucus overwhelmingly support kevin mctar think for speaker and -- mccarthy for speaker and those that don't want him haven't made a compelling argument that they should pick someone else and we're going to go through this process but keep in mind there's a pretty strong committed group of only kevin members of the republican caucus and so we're going to see a showdown go down here in the house between the only kevins and the never kevins. stuart: okay, how is it going to

shake out? the never kevins are not going to win. who could become the next speaker? if it's not mccarthy, who could it be? >> somebody who's willing to live with ulcers and have all their hair fall out. this is going to be quite an interesting next speakership. stuart: i'm sorry, david, i think shah gilani is a disas -- this is a disaster for the republican party. the gop looks silly. you can't get a new speaker in place, you can't do that? think how this looks to people. people want to get something done, and you can't get anything done if you don't have a speaker. >> your point's a good one. at some point there will be a new speaker and the most important thing for the house majority is enact the commitment to america that republicans campaigned on that voters who do know about commitment to america overwhelmingly support it and that they are going to have to move quickly once a speaker is

in place to start moving on those ideas that we campaigned on that people said, yes, we want that. to start standing up to the biden administration and move us more faster i should say on getting jobs created and getting us energy independent and securing our border, all those issues that republicans campaigned on that got us the majority. stuart: exactly, david, sorry it's a short time fame for us today, i appreciate you coming on board. we'll be looking at this first ballot that should take place in a couple of hours. david avella, thank you very much, sir. we have a new survey revealing how much gen z youngsters say they need to feel financially healthy. gen z folks born between 1997 and 2012. lauren, what's the dollar number that makes them feel good? lauren: so this is for 10-25 year-olds and the dollar number is $171,633.

stuart: that's per year? lauren: per year. stuart: that's the salary they need? lauren: my 10-year-old niece wanted lululemon for christmas. that's expensive and she's 10. have you looked at brands and designers on their wish lists. these are young kids, they need a lotted of money because -- lot of money because they have expensive tastes. then mill yen halleluiahs, $133,000 and general x $112 and baby boomers just $70,000. younger people want what they want and a lot of options when they want and don't usually pay cash so money doesn't like exist in their heads. just swipe my phone. >> okay, but they're seeing everything they learn is coming from tiktok from the internet and you're not going on there with wal-mart brand. typically people they're following are in gucci or lululemon or whatever. stuart: the marketing on social media to young kids are phenomenal and want the brand names they see, got it.

gen z is a generation of "weakened kids that don't know how to take risks and social media is to blame". we have that story. calls growing for nation-wide pan on tiktok and one congressman calls it digital fentanyl and hillary vaughn has the latest on that next. ♪

♪ stuart: still got the christmas tree up in the square but i believe it comes down in a few days. we're playing that song, physical, for a reason. equinox, the luxury gym people are facing backlash for their

new campaign called we don't speak january. the campaign stops new members from signing up for their gym on january 1. can't do it on january 1. apparently they didn't want people coming to their gyms just to fulfill their new year's resolutions that will probably give up on in a few week's time. mike murphy still with me, what do you make of this? >> it's terrible marketing. i think a gym l like equinox should accept people at all times and look at planet fitness, they want you to come in and join in the beginning ofbecause they business model calls for subscriptions and they'll take your $20 every month and know not everyone will show up at the month every day or week. so they want everyone to join and from a business model standpoint and keep collecting the subscription and monthly fee. i think their business, stock is up almost 30% in the last three months all though the market has

done well. that's a business model to look at. stuart: very interesting. well done, murphy. you dug that out nicely. the new congress is set to focus on big tech regulation this year. hillary vaughn on capitol hill. all right, hillary, tell me more about the push to ban tiktok nationwide. reporter: stuart, there are bipartisan concerns here on capitol hill that tiktok cannot be trusted even if they spin off the app from the parent company bytedance and mike gallagher is open to working with democrats to find a way to resolve national security concerns surrounding the app and its chinese-based parent company bytedance. >> what we don't want is some quasi solution with a data center in singapore and byte bytedance retearing control and i'm -- retaining control and i'm open to having a discussion with tiktok and biden administration.

reporter: tiktok is pushing back saying this in a statement "there's sow row truth to congressman gallagher's statement and chinese communist party has neither direct or indirect control of bytedance or tiktok and bytedance is a privately owned company and primarily owned by the company's founders and employees including thousands of americans but not just lawmakers are worried and former tech insiders are also disturbed about the hidden algorithm. facebook whistle blower said the best way to be transparent about content moderation is make any platform's algorithm open source. >> tiktok is a company designed around being censored and comes from china and designed to amplify things and only a few pieces of content make up 80% of all our feeds and they manually screen those and we deserve to know the policies and they're influencing what information we get to see. reporter: stuart, there are

lawmakers on capitol hill that want a nation-wide ban of tiktok but doing something like that would be completely unprecedented with millions of americans using the app every single day. stuart. stuart: would indeed be completely unprecedented and that is a fact. thanks very much, hillary. see you later. new op-ed in "the wall street journal" says g gen z has been weakened due to social immediate jaire and victim culture hood. any reasons? lauren: yes, inter-vulnerabilities with nyu stern business school professor and he said these kids that i'm teaching, they're taught to be overly concerned with culture and inclusion that they're losing innovation. they're losing that desire to be a risk taker and a go getter because they're waiting to be offended by something. and prioritizing that so the upshot is you have this generation of literally weakened kids and if you look at gen z and their age group, they grew up with the selfie camera and

going like this all day and beautifying pictures of yourself and perfecting them and putting them on social media and makes you more grady trimble jill to the other part -- fragile to the other part of the story. stuart: do you think it's older folks like myself looking at young generation saying -- lauren: definitely. stuart: this generation just doesn't have it. lauren: i'm in the mid and will say the same thing about them. it's noted good for them. >> it's not good for them but what kids need and what a lot of them are missing and what the schools are teaching right now, they're missing grit and toughness. they are being what lauren is saying i would agree with completely, but a lot of it goes back to the parents, back to the people raising these kids that you need to -- your kids will be on their phone and tiktok or whatever and as you're raising your children, i have six at home, they -- my kids are going to be touch and -- tough and better be and they're going to get knocked down and get up and

figure out what to do and a lot falls on the parents. stuart: got it, mike murphy, thank you. remember when prince harry attacked his own family in his netflix documentary. watch this again. >> they're happy to lie to protect my brother and never willing to tell the truth to protect us. stuart: the prince hopes to repair his damaged relationship with the royals. will they take him back? i'll ask nigel farage that question. nigel is next. ♪

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stuart: prince harry says he wants his brother and father back in his life. in an interview with itv independent sell vision in britain -- television in britain harry said "if never needed to be this way, the leaking and planting and i wanted a family not a institution and they feel it's bet tore keep us as the villains and i'd like to have my father and brother back coty".nigel farage is with us. any hope of reconciliation? >> not at this stage.

harry said they've made no chance, no opportunity for us to reconcile but, you know, all throughout human history, reconciliation can only come with a sensation of hostilities, and he constantly is firing attacks at them. not until he stops can they actually have a conversation. now, british publish opinion is moving very rapidly on this, in fact there's now a clear majority what the king -- want the king to strip harry of his titles. that's how angry a majority of the british public are. ultimately charles is a very compassionate and a very caring man. that there can be no doubt and at some point in the future, he may well accept his son back. but it isn't going to happen now. stuart: look at this for a second, prince harry explaining why he has not stepped out of

the limelight. >> every time i try to do it privately, there's briefings and leaking and plantings of stories against me and my wife. the family motto is never complain, never explain, it's just a mot motto and the bottom they'll say they reached out to buckingham palace for a comment but the whole story is buckingham palace commenting but when we're being told for the last six years we can't put a statement out to protect you but they do for the rest of the family, there becomes a point when silence is betrayal. stuart: what did you make of that, nigel? >> it's a good pr firm and he's not bright enough to think of that helps. he was helped through school and the army and not the brightest creature on earth and all he's done to those that helped him is to throw sand in their eyes. look, let's face it. the reason he's not going quietly is because he's earning tens of millions of dollars to speak. it's as simple as that but the

issue is oprah win winfrey and e book coming out and block buster coming out and no doubt meghan is following up with a book fairly shortly and will rate him $100 million and the price of it is to damage the reputation of the british royal family all over the world and in fact to have made his grandmother, the late queen's last two years as difficult as he possible could. i know we should always say there are two sides to an argument, but there's no question this man was born to very, very great privilege, but with that privilege came a duty and he has chosen to turn his back on that duty. he says i want a family, not a institution. well, you know, to some extent we're all products of where we're born. we choose our lives, we choose where we go. this guy has not only turned his back on his duty not just for

the weight of the royal family but the british army regiments that he held senior position and it's now appropriate he's stripped of all titles and hope he stays in america. stuart: i'm coming up on a hard break, nigel, but thanks very much for being with us. it's a compelling story. yes, it is. all right, more varney next. . . . new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates,

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- call the number on your screen. >> here it is. the trivia question. it's back.

it's tuesday. here's the question. how tall is the budger khalifa, the tallest building in the world? on the screen are the choices. we're out of time, you have to tell us, what is it? >> 2411 feet. stuart: i'm going with 1988 feet. you were right there. stuart: 2716 feet. that is ties the height of the empire state building. mike, thanks for staying with us the entire hour. >> always a pleasure. stuart: we do appreciate that. thank you for all the hard work while i was away sunning myself in naples, florida. i feel relaxed. had a wonderful time. happy new year, everybody. time is up for me. as the market heads south, neil, it is yours. neil: i can tell the viewers are excited that you're back. i'm not getting that same level. they say,