i will go 15. stuart: okay. the field please. know. william mckinley was the first president elected in the 20th century, bill clinton was the last. wilson, harding, coolidge, truman, eisenhower, kennedy, johnson, nixon, ford, carter, reagan, bush, bill clinton, how about that, 18. could have missed to them out. i missed johnson, missed mckinley. ashley: thanks very much. warren and ashley, see you next week. "varney and company" is just about done. five seconds to go. coast to coast starts now. neil: a stubborn stock market rally that's more surprising as

we wrap up another week. consider this, if i were to tell you the start of this horrific israel hamas war that oil prices would be lower in the only bear market we would be seeing would be in oil you would probably think i was nuts but that is just the start of it. today, all of it. welcome, i am neil cavuto. much more on a war that won't end. a rally that can't cease because of that. i have no idea but good to see you. what's going on. i know your views and concerns for this market but early on you were not connecting what was going on half a world away with what's happening at the corner of wall and broad.

>> november 1st i put out the note, things change. july to the end of october interest rates skyrocketing. oil prices skyrocketing and the market got trashed. we have a thousand yearly lows, the russell 2,000 was bear market lows but the end of october things start to change and very simply put, as simplistic as can be coming interest rates started plunging, oil prices started plunging come markets started going up and we have a broad-based move. no idea how long it goes or how far it goes but we are in the midst of it and it continues to act better even with the big indices down a little bit today. advance declines are strong in the broad market. another good day with financials which transports, but dead money leading and hopefully last a while. neil: a lot of it was built on the notion that given the inflation news, kept getting more favorable inflation news

on the retail level, at the very least it doesn't have to hike if at all. a lot of these guys are talking about cops. might be getting a bit ahead of ourselves. >> 100% guarantee the fed will not be raising rates. i think the market knows it. as far as lowering rates, that the decision to be made by powell. if i was running the fed i think he could take fed funds rate down 1/2 a point and to be fine as inflation has moderated. what i'm worried about later in the day is debt. debt has skyrocketed since financials out of dc and eventually i worry that rates have to accommodate heading to 50 trillion over time but right now the market is focused on inflation and inflation has

come down and oil prices tanking is a great start, hopefully that stays down. neil: the oil component was fascinating. we are of a certain age, with the yom kippur war 50 years ago and all of a sudden, just the fact we were supporting israel led to a united response to the arab world to stick it to us and they did. they are embargoed oil and long gas lines, a different environment today but i remember when we got news of this tragedy on october 7th, a lot of people rethinking is this a repeat? could it be a repeat? could we see to still see that? >> there is always a worry about one place on this planet called the strait of hormuz where iran controls a lot of it. over 20 million barrels a day come through their and nobody has touched it or stopped anything from happening.

with everybody expecting, oil prices to skyrocket, with production not changing it has come down. also i think that the economy which had a burst to the upside and a lot of government spending i don't think we will see a 4. 9% gdp. i think it will come down to the one and 2 so maybe demand comes down, that helps oil prices also but the big thing is the actuality. nothing bad happens, oil prices stay down in interest rates come down, the most important components as well as the markets right now and the correlation is completely direct. neil: with funds going down when do you expect that to happen? >> i don't know what is in powell's mind. with 4.4 and change, he does not need to be there and if i

had his year i would tell him you could start lowering rates now and it would have ill effect and that would help things also. if he stays and is okay for right now, watch the economy closely because debt is high, credit card usage at a record high, savings rates have plunged. that's a 1-2 punch the could come back to haunt things. so far hasn't. the consumer keeps going. orlando airport. i was just there, it is tapped. neil: on the private side. it is not bad. happy thanksgiving to you as well. gerri willis, not happy year. city thinks there are serious budget cuts in the face of a serious migrant wave. they were not expecting this. >> hello to you.

that's the amount of money city hall expect to pay from migrants so what is happening? they are cutting their budget, but first and foremost, if you look at those numbers, in the next fiscal year, $132 million cut to their budget including 42 million and wipe beatty classes but the entire budget, the department of education, $547 million cut. the fire department 74 million, social services, $322 million, taking into the nypd, what does that mean over time? by 2,025 there will be a 13.5% head count at the police department, that makes a big difference, they expect less than 30,000 officers patrolling the street in the next three years. let me give you numbers to compare that to.

2019 there were 46,000. 1995, 28 years ago, there were 37,000. 30,000, 29,000, very big difference. i want you to hear what the mayor had to say. >> from months you heard me talk about the fiscal challenges of cities facing as a cause of asylum-seekers, communitarian crazy skyrocketed. placing great strain on our budget. there was significant timely action from the state and federal partners, we would be forced to make some tough choices. >> reporter: and of course you got to think new yorker safety hangs in the balance. the president of the police benevolent association had this to say. this will turn the nypd crisis into a public safety disaster.

our police officers are forced to work to exhaustion and 9/11 response times are rising. as i send it back to you, we have a situation causing concern, you want the nypd to be involved, that is a social media post calling for globalizing the intifada, they listed a number of locations throughout the city, to sit back and think i hope we have enough police officers today and down the road to respond. neil: all right, thank you, great report as always. i want to go to the congresswoman from florida, talking and warning about what is happening with the migrant wave, new york city is the first clear example that they have to have severe budget cuts and imagine the first big city to acknowledge that won't be the last. >> good to see you and just

sitting there listening to gerri willis detail those numbers and data points, not just as a congressman, the wife of a first responder, a firefighter and swat medic, i can tell you being in the sunshine state, we are beneficiaries of the failed policies of new york state, we are seeing new york officers, early retirements, and the response time, and the officer side is getting bad. and you couple that with bad policy decisions and with low cash bail and bail reform efforts, and city leaders have not had the backs, and that leads to a picture of disaster. if they spend $12 billion.

on illegals, and what the priorities are -- >> in the context of that. and it's a big deal when the president meets, but the more immediate pressing need, and that's the more immediate concern. as the president of mexico on this migrant situation, looking the other way. some say he is in control of the cartels calling the shots, he's not into helping this. >> you point out something that's talked about in our circles which is mexico has a major role to play in this but we don't have an unofficial

policy when it comes to us/mexico relations. furthermore you have a mexican president called out by name members of congress who dared speak out about the crisis taking place on the southwest border. if we talk about going after the cartels, he's the first to defend them. 40% of mexico under the control of the cartels, that is staggering but more importantly dangerous. and we all know that the crisis on the southwest border has turned every town in america into a border town, talk about xi's visit, not one mention of the 160 factories in mainland china, that manufacture the precursors of fentanyl killing 3000 people in the country every single year. this has ties with mexico, the streets of new york are ground 0. we've got to get this right, and they were putting the

illegal crisis above the needs of his office, and in the congressional district, we see this mass exodus of officers from new york city, >> julie: have to pay the price. we will see. >> happy thanksgiving. neil: in the meantime, israel did a good thing trying to provide proof the hospital was the source of all these attacks we've seen in the underground network of hamas tunnels and casual weapons they found so they took a bunch of reporters to examine this. now not even all reporters are buying it with the proof right before their eyes. what is going on after this.

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at hellomedicare, it all starts with a few simple questions so we can get to know what's important to you. then, we'll match you with plans that fit your needs, from well-known names in medicare. compare benefits. compare costs. it's easy. and when you feel good about a plan... we'll sign you up. done. and. done. the annual enrollment period is here. so, let's do this. give us a call today and speak with one of our hellomedicare licensed insurance agents. and say hello to an easier way to do medicare. neil: israel showed the proof with defense actions they are taking and gaza they make a point of going to the hospital to show a network of tunnels by hamas, weapons cache. cash. even with all of that, not everyone is buying it, trey yingst in southern israel with

more on rapidly developing stories. >> reporter: good afternoon. we were with the israelis in the hospital, and the radiology department, we are seeing the tip of the iceberg, today there was a video showing one tunnel entrance and they say there will be releasing more information so we will bring it to you and confirm the information. there were new weapons today. israelis say these weapons were stocked by hamas preparing to battle over israelis when they entered the gaza strip and disturbing discoveries including the bodies of two hostages near the complex. one of them, a 65-year-old woman, a cancer patient who was taken into gaza on october 7th.

and 18-year-old soldier taken into gaza and hamas claims killed in an israeli airstrike. they expect to find more as they continue to push through, there are hundreds of palestinian patients being treated in need of medical aid. doctors are running low of things like anesthesia, drugs, and oxygen but as the israelis pushed deeper into gaza city, they destroyed islamic jihad training center and command post, released video and images of rockets, it's not clear which of these was operational, they would display large rockets through military parades and fire them at israel. liz: always good catching up with you. i want to go to that. i don't mess with the lieutenant. always good to have you.

what do you make of this? thanks to you, israel, we can't get aid into the region, other critics of israel, what you are showing is unequivocal proof that hamas is using that facility as a weapons cash and what did you think of that? >> i wasn't surprised, hamas, the un and gaza strip has been masters of the campaign for many years. israel is trying to undo that as quickly and as best they can to show what they've known, that hamas is using these tunnel systems and all the hospitals and things like that, to execute their mission through israel and other locations as well. it doesn't matter what israel does because the people who say they are not going to avoid

them will never believe them no matter what they show them. neil: other groups turned this around the saying that you can't get aid to that region. the power is cut off and most of that region. people are dying and israel is adding to this. how do you see that? >> back to the beginning none of this would be necessary if hamas hadn't come across the border the way they did in the first place. everything happening since than lies squarely on their shoulders. israel is doing a good job accounting for civilians the best they can in a terrible situation. i've been impressed with the risk they assumed with their own military and doing this. neil: there have been 60 attacks on us soldiers since this began. may be 5 times, the latest one,

concentrating on the attack on us in northern air rack and the very cautious about when and how we respond. some are concerned that the green light and we will keep doing it. >> that is the way i see it too -- i would say let's keep doing it. doesn't mean iran will say we need to be directly involved as a nation but they are certainly willing to let those who sympathize with them continue to do this and use what is left of hamas and the hezbollah, the houthi rebels and other organizations to achieve their aims in israel, targeting us in syria and iraq. neil: thank you, good seeing you and thank you for the great service to this country.

thank you very much. that's the reason to avoid tough questions. thank you. in the meantime, remember when atlanta lost the all-star games in 2021 around the time they had the new voting law people said was racist and unfair. turns out atlanta and georgia enjoyed record numbers of voters particularly huge surge in african american voters, hispanic voters so a little comeuppance and now we are told 2025, the all-star game. don't want to go ahead and give it away. (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital —

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the 2020 game is atlanta georgia. the big game canceled in 2021 because of the law that was deemed to be racist when in fact they discovered the next year it reduced the best voting numbers we've seen, record increases in all types of voting including minorities. that was then. fox news headlines 24/7 a reporter with how this changed out. that was a quick turnaround. >> seems like two years ago there was an outcry from stacy abrams and a lot of people, and people come out and get their voice at the -- oh 180, we see that people are really mobilized to get out and vote.

we see them offer up their arenas in polling places. the vote got out and we heard from governor brian camp, kemp, who commanded this decision saying the proof is we are about election integrity, avoiding fraud, trying to show this was not needed. looks like major league baseball is more focused on making this about the ballgame than what's going on at the ballot box. that was a concern, but life goes on now. neil: you say this will be a lesson intimating i hope you are right about that but i can see another case where something comes up to look at the surface to be the source of progressive rage and they read the voting bill and i remember discussing with of the secretary of state et cetera there was nothing offensive

here, nothing that hinted at. abrams calling jim crow policies and the like. people began to appreciate that and the number of voting record numbers proved that but i wonder, lesson learned, read first. people don't always do that. >> we saw a university of georgia paul showed more georgia voters are okay without voting mechanisms have been going. it has become a forefront in terms of election integrity. the fulton county trial taking place with election interference, georgia is trying to show whatever was said about this law, we are trying to prove we are about keeping the votes intact and keeping election integrity at the forefront. what was also realized, severe economic losses causing the result of moving that game from atlanta to denver in 2021, local legislators, making way

for more money to roll in. even democrat lawmakers have said we have issues with these laws but at the end of the day, it is a boon for the region, we can make more money this way and it is all about the festivities and the all-star game, no distraction to be had. neil: they have more pressing issues like the atlanta braves. they have more pressing issues to address. >> i'm a new york mets fan. don't know what i can say to that matter. a little bit biased. my time is skewed on my of pain of the atlanta braves. neil: good seeing you, thank you very much. coming up, elon musk, making news for the wrong reasons and the wrong time. we will explore that.

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he justified why he did it and why he made it and why he wanted to orchestrate more of them. they ended up in the hands of a lot of people via tiktok where they reemerged and started a wave of young people quoting him. almost word for word, and saying they were prescient and profound, and may be a good explanation that the jews were culprits and america is an evil country. tiktok has gotten rid of that letter. and for my next guest it was another reminder, a lot of people can be full. i hope i'm pronouncing your name right, the university of illinois rights -- human rights activist, from iran, she didn't like a lot of these anti-israel protests.

it is very good to have you. what makes you a target of a lot of these attack lines. what did you make, these comments are decades old from usama bin laden. >> thank you for having me. and it was horrifying for me as someone who escaped islamic extremism. people like usama bin laden, it is horrifying, and to see how young people have been brainwashed, i hate to say this but at this point islamic republic and allies are beating the information war because they know they cannot face american military in israel to terry in a fight so they have

chosen the easiest way which is brainwashing, starting a propaganda war and brainwashing the young generation so they start dismantling the societies. islamic extremists have one mission and that is creating the islamic nation and they started that and we can see that. it is horrifying to see children in texas being indoctrinated and brainwashed to praise khomeini. neil: were you born, are you from iran? >> yes. i am born and raised in iran. i am 27. i lived there for 23 years. i have been the subject of this brainwashing and propaganda since very young age at school. when kids are in elementary

school, they will be taken to annual demonstration for palestine. what actually is, planting a lot of hate for jews and israel. neil: someone who is uranian by birth, that would surprise many outside iran to hear that as an iranian who was sympathetic to the way jews are being targeted but we are seeing a lot of it these days and i am wondering, there's always suspicions that iran is directly or indirectly financing these attacks hamas just orchestrated as it stands behind 60 odd attacks or close to that on us forces and a lot of their proxies. what do you think of all of that, whether the world appreciates the magnitude of it? >> iranians know very well that

destroying israel has been one of the core values of the islamic republic since day one. and you can see billboards on the streets of to ron counting the days until the destruction of israel. that is definitely not for freeing the people of palestine. that is a war against the jewish people, the only jewish state, that is stuck among the muslim countries. we know that very well. we have been subject of the brutality of the islamic republic. you see people here, when they hear hamas terrorists, who are trained by irg see, they raped women, killed them, raped them before that. we've seen that happening in iran. the subject of this brutality for years and years and we've

seen that firsthand. 's you you believe what is happening, this is not benefiting the people of palestine. we know that very well. julie: are an exceptionally strong woman, brave woman, put up with a lot of craziness. but you need that. thank you very much for joining us. appreciate it. all right. want to go to charlie gasparino because this does relate to some of the issues that came up with elon musk, turn turbid and as anti-semitic at the very least. charles: i've been asking people elon musk's mood just before he made the tweet or retweeted the statement in question that some people believe is anti-semitic, he was at a dinner with xi jinping and other ceos.

it is -- no one is making excuses for what he did, but i asked what was his mood like? someone who saw him, kind of mingling with him basically said he was withdrawn, aloof, out of it. just giving you some context. i am not saying that is a valid excuse for what he did and i don't think anybody is but i'm just saying could have been something going on in his mind because you could say a lot about elon musk over the years and we have, he can be volatile, he can be a visionary, he can be a horrible ceo at times. never known to be anti-semitic, at least we haven't heard that part. lauren: 1's got that going? started with a retweet or whatever you call it, x now. charles: a retweet, a comment

on the retweet where somebody that i know nothing about the person, it has been said he's of far right winger, he said something about jews have been supportive of bringing people of color into this country for years and now those people of color are attacking jews, on the protests at college campuses and such and he retweeted it, seems to affirm that. it is one thing to get in his brain cells. the commentary, the person was talking about the, quote, great replacement theory, the theory that there's a cabal of progressives, mainly jewish asthma looking to change the race of the country and that is what he was giving credence to.

that takes an extrapolation. we have to get in his brain cells. twitter is a minefield. sometimes you retweet stuff, no idea why, you don't know the full context, who is writing a, maybe he was something about something very narrow that we are not getting for him. whatever it is this is a bad thing and here's why. i know people not buying teslas, it is not off today. his board has to weigh in. people who run x, saying we don't condone this kind of stuff. stuart: didn't ibm pool ads? charles: my guess, it will be interesting, he is a very, that borders his board. they are there, he runs the show. my guess at some point

particularly if business gets bad and people stop buying teslas because of this, he's going to make a statement. he has done some of that, talking very narrowly, tried to say one group he was talking about, the anti-defamation league. we have to get into the weeds of why he would say that, a lot of people say they are very progressive. hard to get in someone's brain cells on a retweet but whatever it is it is clear with x it is having a business implication. that's why we are covering the story. neil: that creates a wave so we will follow closely. charlie gasparino on that story. what is coming up in 14 minutes on "the big money show". jackie: good afternoon. stocks, where does the recent rally go from here? is it too late to get in?

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>> president biden: law is in place, i acknowledge there's a disconnect between the numbers and how people feel about their place in the world right now. we can deal with the second part as well. your model for growing, delivering real results to all americans. black unemployment, latino unemployment etc. . neil: not all americans buying what the president is saying at a record number saying we are going in the wrong direction including virtually all key democratic constituencies. the chief economic wall street journal caricature -- crackerjack writer, trying to think this through, the president is right to point out

job gains, it is not piercing the public veneer. most americans don't buy it. that's not good for the president seeking reelection. >> it isn't. we've seen this phenomenon for a while. going through the records, people have been saying the country is going the wrong direction since 2,006. people have been grumpy for a long time but it got worse under donald trump, got worse under president biden. the data is pretty good. the an employment rate is below 4%. we made back all the jobs we lost and then some. gdp and employment are above where people thought they would be if there had never been a pandemic, stock market had a good week, the bond market had a good week. the thing you turn to, inflation is high, not a size it was. 9% a year ago.

people say people aren't looking at the rate of change of prices. they are upset prices are so high like on average stock is 38% higher than it was 2 or 3 years ago. i get that but still, i run the numbers and look at the university of michigan sentiment index, the misery index, the and employment rate plus inflation, still can't explain why people feel as crummy as they do when they take into account the unemployment rate. there is something is going on. neil: can't think of what that is. it is like when people blast their congress but like their own congress and, they blast the economy or where the country is going, but these trips, 30 million of us are cramming the airports. americans might say they are

miserable but not that miserable. it is what the white house is clinging to. the more that is evident. >> don't listen to what consumers say. between saying they are feeling bad with the economy and spending really strong, the third-quarter gdp growth is all about the consumer. it has come off of its lows so there has been a sign of improvement. another point i picked up in my research, not all inflation is created equal. there are three types of inflation people find unsettling. gasoline, food and houses. gasoline and food make sense. they are part of the budget and you purchased them every week so you are reminded gas is expensive. milk costs more, serial costs

more. gas is down 1/3 from where it was from last year. the thing i think is really going to pray on people's minds especially demographics looking to buy their first house, buying a house is more out of reach in that segment of the population. that is really got to be soul crushing. neil: you are one of the best economics in the country. i'm wondering if it is personal. with that phrase. a lot of people are worried or don't like the president or think he is too old. i am wondering what is being reflected here is concerned about the president's age, the older i get the less i would like to buy that but that is it. what do you think?

>> you would think people could carpet in -- compartmentalize. ask about the economy, evaluate it differently. you could have people feel good about the economy but feel bad about the president. there bad feelings about the president, isn't just the president. when i wrote a few of these columns the republicans all said they feel crummy because biden is president, and because trump could be president. the independents are upset that either of them could or is president. basically bipartisan -- the political system is messed up. you watch the news, war in the least, more in ukraine, the border, crime, mass shootings, fentanyl, this and that, unrelenting avalanche of bad news. i refer to it as pain. you get one pain, part of your

body even though it is a different part of your body that was injured, the bad feeling with all this other stuff. neil: jumping on you, great comments, thank you, more after this. mlb chooses t-mobile for business for 5g solutions... ...to not only enhance the fan experience, but to advance how the game is played. now's the time to see what america's largest 5g network can do for your business. 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 patients say you know doc, it really works.

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