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today than he was even the start of his term. >> hamas is going to stretch out that ceasefire as long as they can. they use that time to regroup, to rearm, to get the bad guys out of the cross hairs, and then hamas is going to come back a few years from now, resupplied by iran and do it again. >> somebody's got to show me, stuart, with all the tens and hundreds of billions and now trillions of dollars that's been spent on this climate change industrial complex. what have they accomplished? >> there's been nothing, no moment in his political career where joe biden has inspired chance of usa. where he's inspired anything like with donald trump. stuart: i hope my mic's not open because i'm singing. it's a wonderful song.

upbeat. 11:00 eastern time and it's monday, november 27 all day long. check the markets, a tiny bit of red ink. nasdaq up only just and 7 down on the s&p. show me big tech, please. they're also all over the place. amazon, meta, microsoft up. alphabet, apple down. 10-year treasury yield. where is that? this morning it's down a little bit at 4.43%. not much movement in bonds as well. now this, this is what happened in new york last week. a jewish teacher at hill crest high school had attended a pro israel rally and posted a picture on facebook saying i stand with israel. so radicalized students barged into her classroom. she was forced to take refuge in a locked office. the students then went on a two hour anti-semitic rampage.

the school was shut down and one arrest. please, look closely at that video. the overwhelming majority of students chasing down a jewish teacher and supporting a terrorist group that takes children hostage. this disgraceful incident received little media attention. imagine the reaction and the coverage if a mob of white students had attacked a black teacher. there wasn't just be one arrest, there'd be massive incourse ration. this weekend, pro hamas demonstrations in the city and protesters likened israel to the kkk. just another example of gross ignorance and racial symbolism used to urinal people of color against jews. what the teacher said about this "i have worked hard to be supportive of our entire student body ande advocate for our community and was shaken to my core by the calls to violence

against me that occurred online and outside my classroom liassic. i don't know how the city will come back. third hour of varney starts now. stuart: steve forbes with us this monday morning. how does the city come back from this? >> leadership, moral leadership starting back up with the police department. 2500 veteran police people are leaving the department this year, putting in retirement and they're eviscerating law enforcement and not keeping the streets clean, the streets are terrible, the schools are terrible, no standards, the unions control everything, and you see what happens. sadly, stuart, the anti-semitism goes beyond new york city. there's an article by the great british historian andrew roberts about how making the kiss that the anti-semitism of hamas in

many ways is worse than that of the natzis. very sobering reading about what's happening here and around the world. it's about time leaders stood up to it, not just among political leaders but civic institutions as well including the universities. stuart: well said. i want you to take a look at this headline from the atlantic magazine. it defends president biden, the piece is titled "why americans hate a good economy". the author of the piece says there's a disconnects between the perception of the economy and the economy itself. what do you make of that, steve? >> make believable and bubblenomics and don't don't feel the government is good. dysfunction that will congress and interest rating soaring up and if their pay is going up, not matching the price increases or barely matching the price increases so remember, inflation is down and that means prices are going up in many areas, particularly healthcare and

education. stuart: you know, i keep hearing it. i go to the grocery store, you're checking out and using self-checkout thing. somebody there and somebody right there. the number of times when they say, i can't believe this. >> my wife comes back almost weekly with saying this was $4.49 a week ago and now it's $4.99. when things come down, they'll go up again or there's shortages so if people feel things are out of control. stuart: well, that's true. lauren: do people say at check out, put it back? i can't believe it costs so much money, put it back. that's the difference. stuart: i go to the grocery store and relatively okay area, people have some money, they don't put it back, they just deal with it. they pay it. lauren: yeah. stuart: as long as we need it. you need it what do you do. last word to you on this. >> well, i think it's very, very self-evident. a lot of people are falling behind, and those who don't throw the food bacteria temporal integrations back, still are not

buying -- in the next year not buying quite as much as they did before. people are scaling back, you find people going to costco that weren't there before, wal-mart that weren't there before. so people are very aware. things are not in good shape. so atlantic and other cans say whatever they want, but the reality of people is they have no faith in the future of the country right now. that's terrible. stuart: that is terrible. it is indeed. steve, thanks very much indeed. see you soon. back to the markets for you. i keep saying it, not that much price movement so far all though we're slip ago bit further south. dow is now down 82 points and nasdaq down 20, and the s&p down 11 points. some red ink, not that much. jason katz with us this morning. you're expecting a year end rally i believe. make your case, sir. >> i think the year end chase may be on here, stu. the path of least resistance has been to the upside and likely will be between now and the end of the year. that's predicated on four factors. number one is seasonality. since 1950, the s&p has risen

70% of the time between thanksgiving and new years. secondly is fear of missing out and so many people negative heading into this year. speaking of catchup trades, vast majority of money managers and present company excluded are playing a catchup trade and they've underperformed and lastly through my own practice and dealing with individuals and their money, there's a lack of tax law selling. think about it. other than rates going up and bonds going down, what are they selling to take losses on this year? maybe some energy if they relate to the game. there's no selling pressure that would otherwise put pressure on the markets. yes, i think the markets grind a bit higher between now and new years. stuart: i'm told there's a lot of cash on the sidelines that could be put into the market.

how much cash on the sidelines is there? >> it's an obscene amount of cash. it's hard to quantify. there's $20 trillion of cash not including t bill sos there's around $4.5 trillion in checking accounts and 10 trillion in cds and savings and around 3.5 trillion in money markets and through my own practice, a lot of clients in cash and cash sal terntives are in t bills. add that into the mix, it's even more money. to your point you're getting paid to be in the cash and cash alternatives but some of that money has and will continue to find its way into certain parts of the market. >> stuart: do you find black friday spending and thanksgiving day spending showing consumers are not really tapped out and willing to spend? factor that into your year end rally scenario? >> i do, i was listening to

nicky drexler earlier on and the sales started early and hard to take as a pulse of what will happen during the christmas season there's no question that the consumer has an insashable appetite to spend and head back to the work force and deal with lower pages and tapping out ppp money and just simply tapping out credit and coming home to roost. stuart: looking for a nice november and santa claus rally as well. thanks, indeed, we'll see you again soon. thank you, your honor is looking at movers and better look at anson. lauren: up three days in a row and gets momentum, black friday, cyber monday and holiday shopping underway and amazon doing the best to get your items

quick and at a decent price, tons of deals. stuart: roku ---lauren: surging. stuart: straight up. lauren: shares have more than doubled this year. there's a company i never heard of them and pulled the report called cannon ball research and buy roku and see the stock going to $116 per share? stuart: i'll take that. pinterest? lauren: initiated coverage and also at buy. $48 price target. that's a nice gain from 21 and change they're at now and name it had a top pick. stuart: got t thanks, lauren. we'll have a full report on the weekend and a satanic chri christmas degree put up in a museum in wisconsin. that's brian's home state. 31 house members and seven senators are not seeking reelection next year. why are so many people leave

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approaching. it's officially primary crimp much time and republican candidates looking for face time with the voters. mike emmanuel is with us. what did the sand dates do over the holiday weekend getting in front of voters. >> stu, good morning, vivek ramaswamy made four stops in sunday along and ramaswamy took this swipe at rnc chair ran data committee mcdaniel. >> we have to be honest about what's going on in our area. if the chairwoman of the republican national committee who's taken over in 2017 after which we lost in 2018, 2022, 2020, 2023 and has seen a threefold salary increase over the same period of time. >> former new jersey governor chris christie is investing heavily in new hampshire and

trying to connect with voters making in argument on tv. >> i do think those polling numbers are correct in this way. , i think people are just tarting to engage in a place like new hampshire. i see people starting to dig in and figure out who they think is saying the things that they want to hear and tell them the truth to the voters in new hampshire. >> former president trump at a huge football game in battleground south carolina it was clemson vs. the university of south carolina in the palmetto bowl. he heard cheers and jeers too. the new york times report ago number of top gop donors believe hali can topple -- haley can topple tram and they're drifting in her direction. she's in her home state in a town hall in bluffton, colorado. stu. stuart: thank you, 31 house

members and seven senators are not seeking reelection next year. congressman brian style with us this morning. why are so many people ditching congress? >> it's a pretty hostile and political environment right now across the country and texas taxes on a lot of people, but i think the reason we're seeing democrats and republicans coming off is it's exhausting fighting the biden administration and their continued executive overreach. everything from trying to cancel student loans to driving esg again data committees through the capital market and doubling down in a period of time seeing the country trying to take over by the radical left. stuart: it's hard to get something done in the congress, isn't it? >> it's incredibly difficult and esowith a narrow majority both in the house and senate. and in a period of time where this biden administration tries to run rough shot over congress. this administration continues to use executive action to drive forward their agenda is a huge challenge and need for congress to really re-instate our

authority under the constitution. stuart: in the forthcoming election, 2024, some senators are out, 31 house members are out. does the reelection -- o does this favor the democrats or republicans? i'm questioning which senators are out, what' who is going to e them, which congressman is out and who's going to replace them? favoring republicans or democrats that the stage. >> some of the seats in overall safe hands and republican or democratic side and a few of them in more tossup districts and more retiredness between now and filing deadlines across the country and i would say we continue to have a jump ball here in the house and it's why protecting and making sure we don't allow the gavel back into democratic hands is essential over the course of the next year. stuart: you're not tired of fighting the good fight yet, congressman? >> i get on my plane and come out to washington and i want to pound my head against a brick wall and i'll keep fighting for this. stuart: there's a museum inway, your state, under fire for featuring this.

put it on the screen. this is the satanic tree there's an annual tree festival and satanic tree appears there. your congressman mike gallagher calls it cultural propaganda. watch this. >> what's happen asking we're trying to defend basic traditions or defend or children in the midst of the basic traditions from the encroachment of woke ideology or offensive upside down cultural propaganda. stuart: congressman, what's your response to this satanic tree? >> well, what the left is trying to do is trying to shut down people expressing their christmas traditions. so what they're really doing is mocking the essence of christmas that it's light, and hope is the birth of christ. what they want to do at the end of the day is utilize their first amendment right to re-vent other people from putting up christmas displays in the first place. what we can't allow them to do is win. it's all the more imperative that during this holiday season,

we go out and express our christian pride in christmas as a holiday of light and hope and display christmas celebrations across the country to really show they're not going to shut us down. stuart: should it be removed? >> well, there's a whole first amendment set of laws on this and the ultimate answer is not allowing them to win and they're trying to prevent public facilities from putting up christmas decorations in the first place. the way we ultimately win on this is by not backing down and continuing to put up our christmas decorations during the holiday season. stuart: there's sackmary satanic tree, christmas christian decorations will not be put up. there's no suggestion to that, is there? >> what we do see, we do see a lot of public places backing down saying don't put anything up and another location in wisconsin in a city hall recommending not putting up green and red decorations because it might offend someone sports grill we see other public

locations choosing not to do that because it might offend someone and driving forward the mockery of christmas and way to fight back is to stand strong and really put forward christmas decorations during the season. stuart: well said, sir, brian style from wisconsin. thank you for joining us, sir. thank you very much. all right, back to the markets. tiny bit of red ink and down 7 on s&p and 8 opportunistic the nasdaq. not that much price movement. coming up, one school in illinois lets students voluntarily choose to take classes that are separated by race. they say this helps to address the gap in economic results. we'll tell you all about it. people spend a record $9.8 billion on black friday and where you could spend even more today, cyber monday. are we spending money we don't have? we'll break down the strength of

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>> stuart: this is just in. qatar reached agreement to extend the truce between ziti zi rale and hamas -- israel and hamas for an additional two days. we have a bit of red ink and dow down 70 and nasdaq down 8 and s&p down 7. show me big tech, please. mixed bag previously and app 18 down and microsoft is up, meta is up and others are -- can you put them up? alphabet is down, microsoft is up 20-cents. 10-year treasury yield coming down recently and this morning it's down to 4.44%. next, the supreme court ruling that struck down race-based admissions is now affecting corporate america.

explain, please. lauren: i'm not going to say, they've not scrapped their dei policies, but i will say they've scaled them back and they're presenting them differently. this is according to survey after survey. in other words they've seen a backlash. stuart: good. good. lauren: from the policies. think about target and had the tuck swim suits for trans women and customers got mad and threatened to boycott and some did. there's been lawsuits. there was a law firm sued for offering programs that excluded white people, which is -- stuart: you can't do that. lauren: exactly. there's been a scaling back. stuart: let's get back to meritocracy. wouldn't that be wonderful? isn't that what this country was built on? not equity, meritocracy. turn out the best you can possibly be. lauren: the killing of george floyd in 2020 was a see change across the country and arguably the pendulum swung too far and now it's going back to the new normal. stuart: please, let's have it happen. thank you, lauren. now this, shoppers expected to

spend a record $12 billion for cyber monday, which is today of course. jeff flock at a shopping center in pennsylvania. can you first start by telling us one of the best selling categories today, jeff. reporter: yeah, well, we're not going to know till the end of the day obviously, but here is what they say is typically bought online. mainly electronics, about 23% of online sales are electronics. clothes, 21%. i don't even shop online or at the stores. i'm like you, stuart, i'm cheap. giorgini to the salvation army. but that's just me. toys, hobbies, diy, that's almost 20% as well. beauty and health that's what we buy online. it's turning into a very good holiday spending season. folks at web bush security put out a survey of top expert and they say holiday sales up almost 9%, which is a whole lot more double what the nrf said it would be. you point out $12 billion today

alone just online and 6% increase compared to last year and that is on the heels of cyber black friday and 9.8 billion in spending online on black friday and that's increase of almost 8% and easier for people to buy online and the experience has improved, listen. >> the other thing that's changed the industry is the speed of delivery. you buy a printer that morning and gets delivered to you that afternoon. that's been an incremental thing. like it's sort of happening behind the scenes, but it's a common thing now. reporter: we're also spending more and not just -- you remember, stuart, when black friday started, it was because you came back from thanksgiving holiday and got to your work computer and bought things online from work at that computer, which you might not have had at home.

now we buy it on our mobile phone. $3.3 billion on thanksgiving day alone, up 14% people buying stuff on their phone. i just remember the good old days of going to the salvation army and get ago real bargain there. stuart: i want to straighten something out with you, flock. i'm not cheap, i'm thrifty and there's a huge difference. i think it's okay to be thrifty and bad to be cheap. i'll give you the last ten seconds. that's it. time's up. reporter: yeah, okay. stuart: see you soon, be good. the consumer is not tapped out. surely they're willing to put things on credit and they're willing to buy. ready, willing and able to buy. >> stuart, it's very impressive when the consumers did this

weekend and what they doing. i wrote an article under anthony chan and still consumers are spending. why are they doing this? we've accumulated a loath of wealth f. you look at federal reserve data, you'll see from the fourth quarter of 2019 to latest data second quarter of 2023, we've accumulated $37.6 trillion in wealth. that's more than our national debt in four years. stuart: some is the stock emergency >> yeah, and value of equity and consumer haves a big treasure chest and a tale of two cities and upper income get ago bigger piece of that than the lower income and that's why over the weekend, what did you see, stuart? the bye now pay later up almost 47.5%. stuart: buy now and pay later and spread out the payments of what you'd like. if i'm not mistaken, payments to

have no interest. >> spaying in the time structure of giving you this. stuart: that was a bigger drop than expected. what do you make of that? >> it's not a big surprise, stuart, and the reason for that is we've seen mortgage rates approaching 8%. we know that the 10 year is now down to 4.44 as you just pointed out a few minutes ago. but guess what, not only is there a lag but still those mortgage rates are much higher than everyone was accustomed to a few years ago and see a normalization and going to take time and mt. men time, you've seen huge inventory in the new holmes sales category like in the existing home sales like 80% of prices sold. stuart: residents coming down and new home sales and coming

down to $409,000. >> that's almost 18% decline ask very impressive that's going to start to grease the wheels of home activity at new home sales market. see ago bit of glut. normal inventory about six months and seeing above that and not seeing existing home sales, which is the lion share because who wants to give up a mortgage when they got it at 4% or even lower and take a 7% plus mortgage. stuart: 30 seconds. >> mortgage rates come down, see more increases. stuart: real estate turns around, turns the corner in 2024. >> maybe late if the federal reserve lowers rates but not gung ho robust and the fed is mildly going to lower interest rates in the second half of the year. stuart: ain't 2006. >> it is not. you're spot on, stuart. >> thank you. stuart: auctions off a set of six shirts worn by lionel messi at last year's world cup in

qatar. lauren: going for over $10 million. the set of six. that would be a record for a game worn item so the michael jordan 1986 nba finals jersey, that was auctioned off last year at $10.1 million and that's the current record and this is expected -- sorry, 1998 jersey. this is expected to beat that. stuart: less we forget lionel messi defeated france in the world cup with the penalty shootout. does he get any of the $10 million? lauren: yes, he'll give to charities that he supports. part of it. stuart: he's a good man. greatest soccer star of all time? lauren: many would say that, my daughter would. stuart: teachers in portland, oregon, reached a tentative agreement and what's included in the deal. new report says president biden student loan handout is ripe where fraud. rich edison has that story,

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aaaaaah. got it. earn big with chase freedom unlimited. how do you cashback? chase. make more of what's yours. stuart: check the markets why don't ya. dow's down 82 and nasdaq up 9 points, this you go. a new report says the department of education approved millions of loan forgiveness applications without verifying borrower's eligibility. rich edison is with me now. now what, rich, what happen s? >> right now, stuart, the biden administration is trying to cobble together a new student loan forgiveness plan and the supreme court torpedoes that first effort and now the nonpartisan government report said the administration's first

attempt to forgive billions in loans and approved applications without even verifying incomes to see if they really qualified and the supreme court canceled that program before they started san selling that debt. the government accountability office writes "the department of education planned to automatically approve over 2 million borrowers for relief based solely on their self-reported income". the department didn't take any steps to verify the income for borrowers before approving for relief. republicans claim the new student loan plan would benefit wealthier americans. >> majority of the high earning borrowers who chose to take on student debt would avoid ever paying back the principle they borrowed. >> department of education says unlike other pandemic relief programs, it's now canceled student loan forgiveness plan

with a very low risk of fraud. investigations into other covid relief and loan programs are still ongoing and government officials say fraud cost the government billions of dollars to try and comply with the supreme court ruling, the president's new student loan forgiveness benefits far fewer borrowers like those going to school with high default rates and borrowers owing more on the student loans than they took out. stuart: what a mess. rich, thanks very much. a high school just outside of chicago offering classes separated by race. all right, why are they doing that? lauren: to -- the academic achievement levels are too far apart between the white students and nonwhite students. that's why. it's a large school and it's 44% white, 24% black, 20% latino, 5% asian. now it's voluntary, you can decide to take for instance ap calculus and be in the white classroom or you can be in the black or latino classroom that has a black or latino teacher.

the idea is to make the black and latino students feel comfortable and flatten this racial achievement gap. is it successful? i don't know. they started it in 2019 and the school has not yet released performance data. stuart: i don't know what to say. it's divisive obviously. it's racial division. does it work? lauren: that's what i want to know, does it work? stuart: bring academic achievements of nonwhite students. lauren: let us know how they did last year. i'm sure the numbers are skewed by the pandemic and maybe that's why they haven't released the data. stuart: true. lauren: math is math. calculous is calculous whatever your race is. stuart: yes, it is. but the environment in which you learn it can be different. does that work? lauren: if you're made more comfort and will it works, okay. stuart: are you more comfortable in a racial division situation? that's interesting. next one and it's for you. after nearly a month on strike, portland's public school

teachers reached a tentative deal. what's the deal and what's in it? lauren: the good news is for all the parents that over 40,000 students are back in class this morning. they missed 11 days of school. can you imagine the outrage at home when parent haves to jug this will with their work. now we have this tentative deal with the union, $13.8% cumulative cost of living increase and some teachers get more than that . their average pay is $50,000 and say it's not keeping up with the cost of living particularly in portland. they also complained that they have too much work so now they're getting 90 minutes more each week for planning, dedicated planning time, and three times the staff to help address students emotional and mental health. stuart: thanks very much indeed. no comment on that whatsoever. have a look at dow 30. i use the same expression, even after week's vacation, i'll give you a sense of the market. we've got more than -- about two-thirds down, one-third up. the dow is off about a quarter of 1%.

then there's this, a mob, and i use that word advisedly, a mob of students hunted down a jewish teacher in new york city all because she had attended a pro israel rally. she was forced to lock herself in an office for safety. rabbi abraham cooper responds to the rise in anti-semitism. the rabbi is next. ♪

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stuart: we showed you this at the top of the hour and we'll show you again. a jewish teacher in new york city forced to hide in a locked office and hunted down for supporting israel. ab buy abraham cooper joining us. how does a city like new york come back after something like this? >> well, i wish i could just tell you as a former new yorker, this was unique to the zip code. i'm going to be reaching out this week to head of the fbi after the other incident that took place in los angeles and at one was attacked by stink bombs and who who knows next time and look at these issues within the context of domestic terrorism

and even though these are high school kids et cetera, their buttons are being pushed on social media and tiktok and absorption and hamas and going across the seas and across generations and not only this particular case, we understand that this unfortunate teaches personal information has been compromised and two of them with the escalation of this kind of activity will lead to violence, not to say what this says about the new york city school system. stuart: more israeli hostages being released today and total number over 60 people released over the last few days and rabbi as the hostages come home, is the pr battle turning in israel's favor? >> that part of the bat 18 a draw and hamas is dictating the

emotions of the israeli public and i've got got a little tv set behind me watching and they'll be released of 11 hostage tangerines and kids and a few mothers and an announcement that the pause is going to be extended out by 48 hours with another 20 israelis released. only problem is that the other end of it, that means 60 more convicted terrorists are also going to be released. it's a very, very difficult time here to say the least. i would just say don't get carried away with thanking qatar too much. they're the ones that funded and continue to fund hamas in the first place and they get to be both the sponsors of arson and now the supposed fiber gate. stuart: the truce has indeed been extended for another two days and now the critics are saying this just gives hamas

more time to rearm. what say you, rabbi? >> it's probably true that it's going to be tougher but for anyone however you want to call a truce or timeout and pause or president biden called it from what i've seen speaking to israelis and taxi drivers and security people today on the west bank. the level of resolve of israelis and putting an end to hamas and if it marines a tougher job and more difficult, so be it. i've come to israel many, many times. nothing like this is a generation and i think for people who just don't understand it. let's just remember what happened on october #, the largest single largest number of murders of jews since the end of holocaust, mass rapes, mass killing ands kidnappings and

over 200 hostages. this is not just another round in a battle, this really is a war and unlike anything we've seen before. you'll be reporting about this one for another thee to four months. >> got it, rabbi, thank you for joining us, we like to give our viewer as clear picture of this war and you helped us do this. thank you. stuart: a professor at university of south carolina moved to a remote position and comes after the comment for the war in israel hawaii did he say? lauren: hamas terrorists should be killed and jewish and teaches economics and he's 72 years scold hamas terrorists should be killed and every one of them. there's a protest calling for a ceasefire the comments were caught on video and it was doctored to make it seem like palestinians should be killed. he's now teaching remotely but the school says this is not disciplinary leave.

obviously he's being paid if he's still teaching but this is a safety concern and they're making him teach remotely because tensions are so high on campus and they're concerned for his safety and the other students on campus. stuart: i got it. thanks, lauren. the trivia question on the monday morning and i work this out and think i've got precisely the right answer. how many month haves 31 days? five, six, seven, or eight? lauren and i are both guessing. lauren: i'm doing the song in my head. stuart: so am i. 30 days hath september -- okay, the correct answer when we come back.

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(♪) (♪) stuart: how many months have 31 days? can i do this. 30 days has september, april, june and november. all the rest have whatever it is. but february alone has 28 and 29 each leap year, there are five months where there is not 31 which means there are seven with 31 days in the month, am i right? >> i'm going with number seven. stuart: we are right, 30 days in

september, april, june and november and then february. it says on the prompter, scroll back, the answer is seven, january, march, may, july, august, and december all have that. tomorrow we get into the children's alphabet song. in england it is eight. >> got that? no more singing. check the markets. >> the christmas tree is up and all of a sudden it's festival. stuart: i love december. running up to christmas, it is gorgeous. time is up for us but "coast to coast" starts now. >> coming upon "coast to coast" a record-breaking black friday spending spree is now in the