pounds. >> i think 62. david: let's split the decision. i say 55. what is the answer? you got it. brian: i always get it right. david: will someone in manhattan hold 55? lauren: in minnesota. brian: it's true that minnesota is the number one turkey producing state. david: who would have thought we would see you again on "the big money show"? brian: this friday i will be on. david: we are getting very close to coast-to-coast, 4, 3, 2, one more second.

edward: we have a lot going on for black friday to an abbreviated trading day to israel where hamas just released the first hostages, 13 israeli citizens, they agreed to a four day cease-fire in which 50 israelis are expected to be freed from the palestinian islamic group. in exchange for 150 palestinian prisoners. let's go to foreign affairs correspondent alex hogan in northern israel. >> reporter: what we are

hearing is the qatar ministry says 13 hostages have been released, one filipino and ten foreign nationals through a separate deal, 11 people we were not expecting to see have officially been freed. what we will see in the minutes and hours to follow, they've done the initial medical assessment and the idf will escort those hostages to different medical facilities and this is where the children will arrive and potentially the

children who have still managed to be with their mothers at this point. an intense effort at this point to try to keep those family units together when possible but for those who were taken from their families or taken away they will be reunited in a matter of an hour or so. what will happen next, they will receive not only the physical care they need but psychological care to deal with the damage we've seen. experts talking about the nature of these injuries. psychologically what could have happened to someone especially a child of 7 weeks.

today is a day for families who have been waiting, demanding the government do more to bring their families home. millions across the country in israel tonight agreed to their tvs watching and waiting and hoping to see the glimpses we are seeing. we also know that we see images of some of the people in those ambulances, we got word who some of them are. one the rest of these hostage releases will happen according to plan. edward: the initial pictures of those hostages being taken in red cross fans. americans are supposed to be released in this initial batch of 50, none today, do we have any timing as to when americans could be released?

>> reporter: there are three american dual citizens who will be released as part of this 50. 13 hostages and we are likely to see the same set up taking place in the days to follow, releases in batches of people being released at once and a large group of palestinians that will be released, 50 hostages for 150 palestinians that will be transferred over the course of the next few days, the red cross up and facilitate that. there'd been hope the little girl who was turning 4, us dual citizen, would be released today but it appears now that officially will not be happening.

edward: we talked to her family on wednesday. thank you very much from yesterday. let's get reaction from kurt liphold, they are dealing with hamas, terrorist organization. can you trust the terrorist organization? >> absolutely not. any terrorist organization have already shown propensity, they violated the initial cease-fire agreement that had been in place for years attacked in violation of international law with brutality that has been unseen since world war ii and what they did, who they did it to and how they did it took the world's breath away so clearly they can't be trusted. edward: will this cease-fire hold them? >> i think it will hold. however, both sides are going to be using it to their advantage.

help us will be moving hostages around, figuring out a way to get fuel and arms moved, guess what they need out of the tunnels. at the same time the israelis are going to be using that to tactical and operational advantage to bring as much intelligence as they can. the advantages the israelis have had to date has been their technological prowess. they been able to listen in on conversations, use overhead imagery, drones or otherwise, e some type of humanitarian pause to allow the supplies to get in and provide relief for the people themselves. by the same token hamas wants to use it to their military and

tactical advantage to resupply and move on which we discussed a minute ago. it is good that hamas is using it for a different purpose than israel. david: are their guarantees this aid will get where it needs to go? hospitals? >> are dealing with a terrorist organization. there will be no guarantees. some of those supplies will get to the hospitals as needed. the qatar government even though they supported leadership of hamas for years is going to try to make sure that happens so they will be seen as an honest broker in future negotiations but we know how hamas operates and we've already seen where they have taken the medical supplies and humanitarian supplies destined for the palestinian people and continued to use them to their advantage and using palestinians as human shields.

>> a number of strike groups coming into that area. is this enough to detour? is that one of the missions for the naval force we are seeing or is a response? >> the reason the united states wanted israel to hold off was we only had one aircraft carrier strike group in the region, the gerald ford. since then we've gotten the eisenhower strike group into the arabian gulf area, that will allow us to have more. we have bombers, fighters and strike bombers into the region as well from the air force and navy plus a third aircraft carrier group slowly making its way westward. the idea is all the responses to date in the 60 attacks uranian proxy groups have conducted has resulted in four responses by the united states.

that portrays weakness but by the same token if we decide to hold iran accountable and if it expand into conflict, we want enough forces in the region that we can respond, contain it and deter iran from further damage. edward: let's hope it doesn't expand. thank you for your insight on this. president biden's administration taking a victory lap after the announcement of the hostage deal saying the president was personally engaged in a deal getting over the finish line. national politics reporter for the hill julia manchester joined me now. why does the administration need to be so vocal about being involved? >> this could be seen from an optic perspective as a win for the administration if the administration can say they were able to find a way to help israel and to be involved in those negotiations they would say this is a victory for them but also we have to remember there are americans being held among these hostages in gaza and there have been americans released. we saw that that was good news when the american grandmother

and her granddaughter were released a few weeks ago, so the administration pushing to get those americans and from an optic's perspective it absolutely benefits them to say this was an achievement that president biden was involved in. david: wasn't how john kirby is characterizing this. >> this was a lot of folks involved in this including president biden at a very senior level. he was very personally engaged in helping this deal get over the finish line. edward: they want to make sure people know that he was involved in this. the president indicated he might speak about the hostage release when he first visited first responders yesterday. do we need to hear from the president? >> i think the president, like i said this -- any victory regarding the hostages is something he would try to tout

because we do know that this war so far, for the president has had some potential political consequences. we saw the president took a very pro-israel stance after the october 7th terror attacks but has since gotten a lot of pushback and pressure from the most left-leaning members of the democratic party politically for him to call for a cease-fire or some kind of humanitarian pause so he wants to be able to claim a victory somehow here, whether it is assuming it is in the form of american hostages or hostages being released. we know that israel is working very closely with the us on this matter so i think we can expect the president to continue to talk about this probably. edward: we don't know how many americans are involved or still hostages. americans been killed in this, three americans are supposed to be released, but what if there are no americans released?

we talked to the former uss cole ship captain, commander, he said we can't trust terrorists. >> you can't. we have to remember these negotiations are taking place, it's not the us and israel directly communicating with hamas. this is qatar acting as a bit of an intermediary, there's questions as to whether you can trust -- edward: on that point if we don't see americans released in the first 50, and the president has been so vocal, that's a problem for him, isn't it? >> it is absolutely a problem for him and puts more pressure on him because he wants to get americans back and if he's not getting those americans back, if they are not being released, that puts more pressure on him to re-strategize the administration's strategy in the region. edward: appreciate your time on this, this is something you

will obviously be following as a days unfold and the hostages are released, thank you. so let's look at the market indices, mixed on this shortened trading day as the americans flocked to the malls for major retail deals, we will have more of that after this. ♪

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edward: a shortened day for the markets with trading such to wrap up in an hour. all three indices ending in green but you saw they were next. let's bring in scott martin and gary kaltbauym. will we see a healthy spend at the end of this weekend? >> a good spend. don't of healthy is the word we would use because the consumer seems tapped out after a great summer in pretty good fall. we are seeing a lot of earnings reports from the retail sector, hidden earnings as far the previous quarter but guidance is week.

if you are thinking of where the economy is going the consumer is key but i expecting us to tail off into the christmas season. edward: the spending was pulled forward because of early deal so we have a weaker fourth-quarter for retail stocks. >> yes, most likely and with interest rates flattening out but still rather high the consumer is going to take a breather and see how things permeate next year and if rates come down in the feds cut the consumer will be back. edward: we see an aggressive rate hikes the last year that translated in much higher credit card interest rates. do you think of the fed looks at that is americans have $1 trillion, record in debt.

>> i don't know what they look at. i'm a big believer they are playing catching up to the free market. interest rates were going get higher before they started to raise rates. they finally played catch up and i think they are off the playing field, 10 year yields at 4. 4 and change and this is 5. 5 and for me it is free markets that dictate, leave no doubt on november 1st, the broad market bottomed for one simple reason, yields top and oil prices came down. that's a great 1-2 punch for the economy when the cost of energy and the cost of capital comes down and let's just hope that continues into the new year. edward: when it comes to servicing the debt, we talked

about interest rates, the bank and consumers, you see at some point next year there's going to be a break between can consumers a service that debt and interest rates they are having to service it at as the debt increases. when is the breaking point? is it this year? next year? >> com a very worried. all one has to do is look at a chart of credit card usage and savings rates, both going the wrong way. there's going to be heck to pay down the road. not sure what date or what the trigger is but i believe the consumer is getting spent up here and within the next six months there could be some trouble and for me, the one thing that sticks out most is the job market. if the job market can stay in shape i think we are okay.

if we start to lose jobs in a meaningful fashion than i think lockout, a pretty decent recession will be ahead. there is no worse environment than too much debt, and our government is just obscene with what they've done with the debt, $2 trillion of this this year, $1 trillion of taxpayer dollars, we go towards interest as we move forward. i don't know how we turn back from that. edward: some say of the government can do what i can service of this data. i want to look at these major retailers, talking about walmart, amazon, target to. do you see shoppers flocking to the lower cost retail option and abandoning higher end products, are those choices being made in this period now? >> i do and that's the right move for the consumer. it is not as rosy as it has been, stores filled, parking lots getting full.

they have the black friday sales hitting them in the face and as we get closer maybe tapped out, we see what the fed does next year. the saving grace to gary's point is if rates continue to come down oil prices come down the consumer could be saved yet again. edward: some of them were in the green, some are down for the year. are you buying some of these retailer retailing names or are you holding off because of concern about spending? >> holding off until the news comes through, target and calls are couple names we are looking at as far as evaluation, not chasing big names like the costcos of the world but picking up on the ones that have fallen a little further than they should have because the news was so poor.

ashley: are you thinking retail might be something to look at for the low end? maybe the discount retail names? >> discounters except for costco have been crushed. if you look at dollar general and dollar tree the stocks have been obliterated over the last 9 months but i think you have a recovery and target so it is something i'm watching, names like lululemon, great relative strength i am watching, dick's sporting-goods came out with a better number but then look at best buy at a low. it is a mixed bag in retail. i don't own any retail right now, much too stuff. i'm staying with technology, that is where the leading stocks are right now with strong revenue and earnings growth. of retail shows up on my screen

i'm not opposed to it but right now i would stay away. edward: because of your optimism you see the santa claus rally we have historically traditionally seen in december. is it coming? >> we already had a good one. right now the market is acting strongly even a day like today, 2400 stocks up. a thousand down, new york and nasdaq and that the opposite of what we saw july to october and if we continue to see the breath of the market and shape and more names show up and watch the new yearly high list. if that keeps expanding that means the market is in good stead and will get better by the end of the year and we will see what happens in 24. it will get interesting as we head into the election, i can promise you that.

edward: president biden is sitting on 5. $8 trillion in spending that he has already signed into law, we are seeing plans for the government spending to trickle out over the next, over q1, q2, maybe even into q3 a little bit. do you think government spending is pushing off a recession? >> a lot of the recession talk was overblown but government spending is part of gdp, could boost those numbers which are likely to fall from the great numbers we saw but the other issue, where does the money go? we had this government spend spend spend and not make any developer's that helped the consumer other than a few hand handouts. if you see where the money goes

into a positive area that could be good but overall gdp picture is weaker than it has been this year. edward: appreciate your insight on this abbreviated trading day. thanks. >> happy holidays. edward: retail trying to hide their rising prices with offers and promotions, discounts, this black friday. let's check in with the american dream mall in east rutherford, new jersey. how much damage are you doing today? >> reporter: it has been too busy to do any damage at all. i know you are shocked. this is black friday, the busiest retail sales day of the year and shoppers at the great american mall are finding the one thing they really want is discounts, take a look at this, with prices rising and student loan payments resuming, retailers rely more than ever on promotions and early offers

to stay afloat this holiday season. is doing it? best buy, macy's, walmart already offering black friday details of 30% on merchandise. look at the old navy window beside me, there are 50% off offers, look at that and while the national retail federation is forecasting over sales in november december will rise 3. 4%, that rate you have to go back to 2019 to find sales rising at that level. you might be looking around the mall and saying is that all there is for black friday? should be more people. you are right. we had a bomb threat this morning, very concerning. they evacuated us, they evacuated employees and consumers out of the mall, first to the big garage and out onto the street. our team alone saw 12 new jersey troopers, there were three with long guns, very concerning. analogy new jersey troopers said they had a bomb unit and our canine unit, they found nothing to be worried about thankfully. but i have to tell you, one of the security officers summed it up pretty well when he said this is just the world we live in. edward: just to have that amount of people after all of that says something. i might want to go over there and hit some deals while they

are still on the rack. >> reporter: i will meet you. we can do some shopping. edward: millions of americans hitting skies with a record number expected over the weekend, we will dig into all the numbers when we return. ♪ ♪

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edward: record number of americans traveling for the holiday is why do you think we are seeing a record number of people traveling? >> it is pent-up demand, people want experiences and covid reminded us the most important thing you can get in life are experiences, not physical things but the experiences you can have a family and friends and how they bring it together.

edward: try buying the airline ticket, that price has gone up. 's you think the choice is being made, fly, drive? >> absolutely. i have family members doing that and the headaches of air travel. i've had family members flying into florida and new jersey, one was delayed out of london by two days with british airways and the other one was delayed 7 hours going back to new jersey from fort lauderdale. instead of 9 or 10 in the evening. that's a challenge and very frustrating for folks who decide to go on the road or get in the year. edward: this return trip might be tricky because of the volume of people traveling. what about the next trip. car far out should people book to get the best deals? >> talking to a travel agent is one of your best bets.

right now there's a bunch of black friday deals going on. i'm thinking of doing the transatlantic crossing next summer. on he might even book it which would be unusual for me. you can look at trends, talk to experts and go on things like google place and see where the trends and airfare are months and months out, so you see a great deal the best way to get a great deal is a little off dates. try not to leave that saturday or that friday, try to leave that wednesday or thursday. they did all the homeschooling, everyone said that was great, how can you get handy to go on a vacation? edward: appreciate it. a big travel day coming up. have to check out those travel days. first group of hamas hostages being released with more to come over the weekend. the president has been briefed

multiple times by his national security advisers. we have the latest video it information from the ground in israel after this. salonpas, makers of powerful pain relief patches

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edward: the four date truth is paving the way for hostage releases with 13 coming from gaza today. trey yingst is there today. we saw the president out his involvement in this which how many americans are hostages and when will they come home? >> tonight, 13 israelis were released as part of the larger cease-fire deal that is expected to go on for the next four days. those israelis are headed to the airbase in southern israel where they will receive medical

treatment before going to hospitals in central israel and being reunited with their family members. we aren't sure if and when those american nationals will be released as part of this negotiation but they are on the list given the fact that there are children among that group. we should talk about this from a broader context of what the cease-fire means, where the next four days will be, there is a qatari negotiate a deal between israel and hamas. we are just getting more information on the families that were released as part of the deal today and we understand not just 13 israelis came out but also additionally 10 workers and one filipino worker were taken into gaza october 7th as well. these were two separate deals, one negotiator between israel and hamas, the other, it appears that iranians may have pushed hamas or other parties such as the egyptians to get that second the deal done but the bottom line is israel breathing a sigh of relief but understanding that while

there's a lull in the fighting today there will be many days of battle ahead. israeli prime minister benjamin and yahoo making clear tonight the number one priority is getting those hostages out alive, second priority, destroying hamas leadership inside gaza. edward: you are doing some amazing reporting, stay safe, there will be buses coming through the fences. so let's get reaction from the house armed services committee member congressman pat fallon from texas. it is good news to get the hostages out. they should not have been taken in the first place. if we do this release and pause for four days, another release in the pause drags the conflict out, takes too long if you do it this way. >> there are over 200 hostages taken, we would want these hostages freed but we want all the hostages freed because hamas has proven time and again they are nothing but cowards,

they will press their own people, they steal from them to fund military, downed rockets to launch them against israeli civilians and kidnap those civilians and when israel responds they hide behind palestinian civilians so hamas is the root of the problem. edward: do you think this four day pause holds? hamas is a designated terrorist organization. >> israel will keep their word. i don't know about hamas. as you said they can't be trusted, they are the worst of the worst and they need to be eradicated forth with. but they are using, very typical of what they do. they exploit their own people and they take innocent, they murdered 1200 innocent israeli civilians and then grab almost 240 and now they are using them as bargaining chip so it is par for the course. for hamas. edward: president biden is taking credit for facilitating the hostage release, does he

deserve that much credit and how much of this is because of military pressure israel put on because hamas needed a break in this? >> it's because israel exerted so much pressure, hamas was willing to take a break, they get one hundred 50 palestinian prisoners from israel as well so they got that and they got the pause they needed. even small successes like this have a thousand fathers and defeat an orphan. of president biden was so crucial why aren't any americans being freed, that's very telling. edward: what happens next with all of this? we've seen destruction in northern gaza area. i talked with general david petraeus yesterday. use famous for winning the hearts and minds under president obama of the iraqis to win the iraqi war. what do you think happens with the israeli defense forces, do they need to win the hearts and minds of palestinians and rebuild what has been destroyed in northern gaza?

>> hamas cannot be allowed to retain control. in 2,005 the israelis left. gaza was not a drop you patient but hamas couldn't build infrastructure, they couldn't turn the lights on because they are insurgents and fighters, they cannot govern. i would hope to get palestinian civilians within gaza see hamas for what they are, the root of all this destruction. hamas caused this, not israel. i would like to see israel do what they can to win the hearts and minds. it will be difficult but should be attempted. edward: appreciate your time on this. hopefully you get something good for black friday. may be a dealer two. appreciate it. time to check in with jackie deangelis and "the big money show" to see what they have coming up at the top of the are. basics t new york will be closing shortly for the holiday

session but mike lee will talk about how to position yourself for next week. governor huckabee's take on the president's guide to dealing with, quote, crazy maga nonsense from your relatives antiblack friday is underway. will retailers get the spin they need to keep this economy chugging along, all that and more but first, more coast-to-coast after this. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines.

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(announcer) change your life at golo.com. that's golo.com. edward: our top financial story of the day, black friday with the national retail federation playing bridge thing shoppers growth in spending will be about 3% to 4%, that growth in spending was almost 5.5% but it means retailers are trying anyway possible to get a sale. let's check with jeff flock who is on another escalator or what he's hearing from shoppers. >> reporter: just somewhere in the crowd here today. i didn't expect there would be that many people. a lot of people shop online these days. despite people's concern about the economy and prices people

seem to be spending. you mentioned 3% to 4% of an increase in shopping this christmas and you mentioned last year a couple years ago it was more like double digit increase but more moderate this year. the national retail federation says when it comes to how much we are spending, $875, pretty much in line with how things had been. we took the pulse of some of the shoppers to see what is on their mind this black friday. >> reporter: thankfully we are okay but a lot of families aren't. >> we need to grab things early, that might be the bigger purchase this year, making sure we get those games for the kids. i wonder what else we will have to cut from so you can make santa deliver? >> it is tough for some people. i see a lot of people struggling but you just appreciate the things you have.

>> most people these days do shop online, 58% according to the latest survey am a 50% discounters or department stores and about a quarter of shoppers say they still shop at small businesses. i leave you with one negative piece of news. the spending continues but not sure whose money they are spending because the new york fed says the bill on american credit cards even before christmas was $1 trillion. i'm not even sure what comes after that but we are at a trillion already. after christmas gosh knows. edward: i know now to get your christmas present hat. i know what to get you for christmas, that had from the woman you interviewed was amazing. >> reporter: that was a good one. we could both use that.

i appreciate it, be careful, find some deals. let's bring a national retail federation ceo matt share. bringing the downer news even of shoppers growth in spending is slowing, they are still spending. >> reporter: we can all use that. i could use one too. i think it will be a jolly happy holiday season. 3% to 4% growth if we go back to the period before the pandemic was really exceptional. it was above average, 3. 5% to 4% for that decade. as your colleague noted, the last couple years have been extraordinary so we had growth of 9% in 2020, then almost 14% 2,020 one, last year 5. 5% or 6%. a lot of that was because of all the money, the fiscal

stimulus from congress and policymakers, monetary stimulus from the fed. things are settling back down. in the retail industry, the environment has been de-inflationary. a lot of the goods we are selling at department stores, discount stores across the board costs less on a real basis than last year. there are some real opportunities. we aspect a big weekend. edward: would you consider this a solid win for stores when it is all over because of the spending we are seeing or because we heard some forecasts from retailers, dick's sporting-goods said that in the future they expect a softer consumer but when all is said and done you think it will be solid. >> record number of americans say they will be out this weekend, one hundred 82 million blowing away any previous record by 15 million americans shopping. 92% of all americans say they

will celebrate some holiday before the end of this calendar year. they will be celebrating. what we've seen through the course of this year is consumers have become more deliberate, more intentional, they are looking for deals and promotions, the ones who purchase discretionary items need to feel confident that it's the best deal they could get at that moment and then shifting more of their wallet and their monthly spend is going to those other necessities whether that is food, housing, other categories. they will power the economy 42 consecutive months of growth, still growing but little bit of moderation in the face of that growth. edward: you touch on it a little bit the consumer is pinched with inflation, up 17. 7% since january of 2,020 one. will each individual person spend less of this year but do you think at what point in the future does this break because we are seeing one trillion dollars in credit card debt. when do you feel the consumer

will have to severely cut back on that spending to manage their debt? >> credit card debt and delinquencies are relatively low by historic standards. loosing higher delinquency rates than we are experiencing now in the middle of 2000, we saw higher credit card debt at the time, coming out of a recession, a lot of consumers took that money and pay down the debt, we got the covid and pandemic charts. people are in a good position right now. we will see consumers be thoughtful, deliberate, wages outpaced inflation in the last year more than 4% wage increase and that's much higher than the rate of inflation so on a real basis household are doing well but some prices are higher in other parts of the economy, people don't always feel great but we are confident it will be a big weekend with a good holiday season, look forward to seeing you out there too.

edward: do your members, are they feeling the wage inflation, that they pay their workers higher and have to pass that cost on. are they feeling that? >> retailers at the forefront in the course of the last three years, they recognize that the key to the success. retailers make big investments, billions of dollars the last few years, there is some moderation, the market is getting back into stink but it is very strong the people are making very competitive wages. edward: thank you very much for your time. more coast-to-coast after this. ♪

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