tv Maria Bartiromos Wall Street FOX Business November 26, 2023 10:00am-10:30am EST
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shopping and the, what you see. ben: advance auto parts disruptive about 80 percent this year and it is a massive a stock when he has new management they can really turn things around and i think now is a good time to look at it also see under say avoid a royal caribbean cruise line it is double this year it is a lot of debt nothing love the games the most bench of the company will go to the debtholders not stock holders say we from. jack: personal votes in turkey stamp of our football to come, and check out this week's edition of barron's .com, no forget to follow us on x, that is at barron's on monday that is all for us and see you next week on barron's round table. evening to all of the program,
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and the week that wasn't helps position you for the week ahead and i am area and on the right of americans this weekend the parents are wondering if they should still send their kids back to school as anti- israel sentiment rages on college campuses across the country and with early admission, put away the families are questioning this dance of their favored universities, with more than 800 accident that united states since october 7th call to defend you jewish students are growing across the country dozens are urging new upper to ban the students for justice in palestine at a groupie with college, statewide and arguing the organization threatens the safety of pro-israel student group is already been suspended from columbia university with mixed reaction from the student body. >> it were seeing how things are happening in america, disbanded. >> i supported this issue 100 percent and every student who supports al qaeda thomas
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should be suspended and reported to the country of the origin and if there student visas the visa should be suspended immediately. >> we have duty to sign up for the what is right and the duty did benda humidity golfer cease-fire to stop genocide. maria: the government education is now investigating seven schools of allegations of advice images, and and islamic phobia coming including cornell, columbia university of pennsylvania for me know south carolina covers been russell right thank you very much for being here this weekend, what can you is elected official do about this as i cemented is him. >> if you thing is that we need to be unequivocally stand with israel politically democratically monetarily the wendy and you can but the rise of it i 70s in particular college campuses this troubling we do have going on this i think that i think we need to look at, our funding to the schools, if there engaging so that you doing enough, to clampdown on this
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because the overwhelming message in the hearings we had certain types are encouraged while the owners and others are so dumb i think that supporting i think what is happening in the universities and colleges across hundred terrible. maria: all the news, for the group to fight phobia then he puts come with her us in is that right response. >> no read the rome, we have in the month of october alone, we have hundred and 60 incidents of anti- semitism on college campuses and there's a radical wise advice from 21 - 22 and they want to talk about islamic phobia and they are just completely tone deaf what is really going on in a country right now. maria: but when there also tone death with regard to the response to our adversaries a look at ron, when it is doing that we responded to all of the 66 attacked on our troops, and at least and what about china,
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and all of this aggression, we responded. russell: no, not well enough, when you have soldiers who have been injured because these attacks we continue to allow them to help oil the world stage of without shutting it down i think that the mixed messaging or the lackluster response by this administration, this troubling suite you will be move on to the business of the house thanksgiving weekend, and of course the members are the families as our all of us, publicans are moving closer, finding articles of impeachment against president joe biden judiciary committee chairman jim shortage of the gop committee decision on the boat as early as january is jordan is yes opinion, hundred biden leslie wolf whose order to appear before the committee on decembeh house oversight committee color of the investigation coming week of this past week watch. >> she's a central figure, the government cover up an actual
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crimes the bidens have committed, which range from money laundering to bribery and you also have the cover of an leslie wolf, it seems as if where all roads lead to when you look at the cover up, the irs was hold his hand and with the department of justice was told to stand down for the fbi was hold his hand and and what we want to know as well for all these company's and then we have a lot of questions about loans, for both enter and joe biden. maria: the definition of the present sons hundred biden and his brother, the presence brother james biden kicks off in early december when closed-door interviews speeding us week with rob walker the white house is down to fight subpoenas abided family members, rissman, doj and they stop in the these testimonies, do think going forward. russell: what we hope, that they do their job properly leslie wolf is kind of been a key central figure in south house oversight we have launched an impeachment inquiry, which is
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constitutional of the constitution itself everything is important to get to the bottom of this because you have seen the changing since january, from this present even when he was running for president, say that he had no involvement in the latest twist as did not profit personally from, business transaction have a son we have checks checks deposited straight into the account so i think now is the time to all these individuals and answer questions and of the truth and love the sunshine in and see what exactly is going on with his family. maria: it is a great point because we see that people do not understand what was happening for spacing have something on joe biden is that why is so soft because he taken so much money from communist china. >> your son is engage in foreign transactions and money longer than hundred because from try to
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committee 56 letters ultimately lands into the pockets of fighting la and into joe biden himself and some these transactions and so is deeply concerning that discussions and decisions will say, would be colored dictated to come about your families connections to china for two other countries think that is part and parcel to exactly that i have, about what is going on with his family. maria: and you see the horse noticing making decisions, based on the money he's accepted, based on the security of america, that is really what i'm worried about but i want to move on to get to our next topic, because, rissman, congress recently averted another government shut down and after passing speaker johnson's stopgap bill, and out to surpass the appropriation bills in 2024, can congress get it done probably facing another standoff year. >> is becoming clear that he does not want to continue to do these continuing resolutions a terrible way to budget terrible to be fiscally responsible the
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house has already done the lion share of the work that we have passed several appropriation bills come over to the senate we have a few that we need to wind through think it is the speaker's of having his goal, to set up with the senate, also has a role here come the income to the table is hard to and going for these appropriation bills as well then this particular point in my think i've only got three of the 12. maria: that's a great point the jamaican tell us priorities of the house will be cooing into to year-end of 2024, what you see the major most important priorities. russell: what would come i think we have to finish this israel supplemental. i think the house is on the senate has yet to act that particular part of it. but i think the most important challenge, is to make sure really pass these appropriation bills, that we get fiscal restraint back in washington dc personally, i would love to see some real action on the border
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and, i mean, it is untenable where we are right now but obama former homeland security secretary said that 1000 migrants a day is a crisis that we see 10000 today and 300,000 a month, pretty much the entire presidency of joe biden. this is unsustainable so i am ready to have a border fight and hope that we do and i think we can went working people are with us 300 people died today provisional so it is unimaginable, then no point in this and ministration would not want to fix that issue. maria: physic great point and congressman it's a good good to have you this weekend i think you so much and happy thanksgiving to you and happy thanksgiving weekend congressman, thank you russell fry joining us and solution is cooled but is that enough to start economic growth this holiday season will put into federal reserve interest rate hikes i'll be asking
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sweetie what markets they shorten holiday weekend and early close major emphases of the month of november, we performance november with artificial intelligence company's pairing much of your 2020 think of it as we didn't just a we pay for thanksgiving dinner, we can't miss her optimistic the federal reserve is on right with nearly 80 percent of the vendors out what is easy 7 percent it was not over, she missing former trump economic advisor, keyboards who deceive and happy think you so happy to talk with you this weekend is the situation worse, chris we have a great stock market performance here today but the story will that's a little different. steve: i think economy is pretty
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up-to-date that you're going we had 9 percent inflation there's no question, that the improvement from 9 percent to 4 percent, inflation is been really positive thing for the u.s. economy you are asking the question of whether the fed should raise interest rates and answer to that is definitively know, there's no reason that we should try to reduce the number of jobs in this country and i hate this idea economic growth is inflationary, and the way that we need to conquer by the way about him saying what out of the woods on inflation, because i do not believe that we are the 1970s, persistently high inflation, he would here is where we come down and rise again as we have to be very vigilant continuing to reduce that interest rate in the main inflationary rate down to 2 percent going to do that maria, visigothic government spending think that is the real cancer so right now, borrowing $2 trillion a year, and that is inflationary.
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maria: targeted at a moment a moment but the stock market performance see, not only do we have a report of november about your today the stocks are soaring up better than 30 percent of the nasdaq of 18 percent of the s&p 500, even as the micros story slows, the federal reserve raises interest rates, what you believe is behind this movie sucks it would you put many here at these levels going into the new year. steve: first of all, it is just a real tribute, to the incredible ingenuity of the american businessman and women about these great companies in the united states is a real leader the artificial intelligence. in the high-tech area, is a beautiful thing to see you love america. and this is a great stock market and there is a lot of opportunities and how would you continue to buy this relic of that is decision because i still think that washington is inhibiting growth pretty think a lot of the biden policies continue to spend and tax having
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a real problem in one of the things of people need to be focused on, if i may is that if you look at 2024 election is going to be really critical because if biden for some of the democratic winds, they are going to raise all those taxes on capitol gains and dividends and they would raise incorporate and that would be very negative for the markets. maria: a great point meghan biden is expected to raise taxes in 2024 coming make the right point lighthouse secretary karine jean-pierre said american should be think will the biden economics of working so well, bidenomics and the labor department of the nearly 8.4 million records were forced to work, more than one job in october, just make and speak, house full american say they need to make nearly $300,000 a year in order to feel happy i less stressed as it would be someplace bidenomics doing. steve: i think this way point, you mentioned to good and we all love to see that you would've
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worried about, right now is what is happening in the real wages of the inflation for the average middle-class worker coming straight. we are not feeling the love that is because, they're getting more poor about $200,000 your lesson purchasing power in the overriding factor is a good of all, think of the americans realize what we're doing in washington cannot persist. it is not sustainable and you cannot keep on $2 trillion your expect story has a happy ending. some americans i think are right it to be very afraid of the policies that in the medium a very negative effect on our economy sweetie let's waypoint meanwhile you mentioned this many of the heritage foundation, reporting a washington estimate $7.5 trillion, as the covid-19 pandemic and i think they borrow nearly 6 trillion in the nation is now facing 33 plus trillion dollars in dead carcass keep
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speaking to get on the road next year government spending and what the risk of a government shut down next year. steve: i know we don't have a i have to say, having seven biden but let just say that this many three always has been a bipartisan spinning screen and a lot of votes to cut anything government i think that's what you saw what happened in argentina with this new president coming in and you can see the pictures of him saying that i wanted shake take a chance on the budget and i'm up for watching to do that unless taken chain saw to the budget that was a lot of our problems. maria: i don't think there's much of that night there because i did limits in place were spending did you. steve: no there's not, no appetite. there was an article the other day about how the student again $2 trillion of the spinning we wanted and after spinning all of these trillions of the $2 trillion more. so this is a big problem and i
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think the day the republicans my get a deal where we might be able to put a cap on spending when somebody got this many issues going to reduce the rate of increase i guess be given a whole number it also sure. maria: okay look ahead for steve, a lot of economic data coming out in the week ahead the end of november, we will hear the latest on growth in the economy go through some of these economic data points as we see strength what you were expecting in the week ahead because that's we, we got that number outcome he was a lot worse than expect expected. steve: yes, it is so tough to predict is economy beginning last year, so many economists were predicting a recession we do not have it if anything the economy pick up seem so nice of her most perplexed what is going on in this economy is sort of the animal spirits of our private sector i would be very nervous as an investor right now, given the whole your income
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it right now say that if we can get every turn to some sanity, washington i will have a very positive effect. maria: the gdp bcd, and mixed out nicely get pc the feds the right indexes and so do you think that good news on inflation pc one micro, the gdp to be out next week as well a lot of people are spiking the gdp just noticing a significant move in that regard. steve: also down because we have a good number as you were morning the third quarter, we got over 4 percent growth which is a wonderful thing to say. i think open image of this unusual many times last few weeks, a lot of that growth in gdp universe coming from maria, god government and they are growing faster than the private sector right now and that is not where we want to see the growth sweetie that's a good point it also services there's been a lot of money on care and construction materials but not a lot elsewhere see if it's good
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maria: welcome back holiday shopping see season is in full swing retail sales in october fell for the first time in seven months, sparking concerns that shoppers will fullback this year is a little of all of the stuffing action with very latest jeff tell us what is happening now to pack 12 we been as many people are out here the mall by friday as in the days of a relative youth but so a lot of people in christmas shopping continues to increase. jeff: noon as fast as i has been
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in previous years numbers, and yes, this year maybe percent of an increase in holiday shopping has recently as a years ago point was double-digit increases and now, the numbers about $875 for the average family to spend on christmas and health folks we talked with them all site prices well, they're spending more. >> the up price they give us a self getting it from the normal price. >> i see a lot of people are struggling but you know just appreciate that have and try to you know contribute and help each other you can see my focus more things that are important to people from the family time together and bringing holiday cheer. jeff: more people than ever are shopping online this christmas and according to national retail federation about 50 percent said that they shop might. source about 50 percent and savor discounters and 24 percent say that they shop businesses
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vendors and all this though is that what we are spending more, maybe spending some money earlier for put out a report that said the credit card debt in the u.s. third quarter, told more than 1 trillion with a t dollars this many more years may not be spending it with their own money la sunday at to do thank you so much for the report in the middle of all of the action the deals do not enough by friday, they have more important things the chase ink business premier card is made for people like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card from chase for business. make more of what's yours.
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(adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. maria: welcome back about one thing you need to know about the head of next week of the holiday shopping deals in full swing, cyber monday is only days away, amazon already is releasing his slate of best bang for your buck items, will have you covered for breakfast, the bedtime at the savings appliances and televisions and mattresses, big
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retailers are hoping bargains like these will get shoppers to open their wallets online. 71.1 million americans expected to partake in the cyber shopping extravaganza, is almost minis projected to get $12 billion on monday alone would be a 6 percent increase from the record numbers in 2022, and overall online sales in the u.s. expected to talk to her $21 billion that is a 2 billion-dollar increase from previous year, will be following all of this on mornings with maria, six - 9:00 p.m. eastern on foxbusiness week is a hope you will join us is targeted with us and this will do it for us now here in foxbusiness, i'm sending you my best wishes from all of us here for happy thanksgiving weekend, and that you're headed thank you for being with us again next time.
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