opening bell sounds for a thursday. the dow jones industrial average extending yesterday's trump rally with another gain of 32 the 1 points. final thoughts, ryan payne. >> i've been opt mix on the economy long before anyone else, and i hope for if some unity in the country after all this divisiveness. optimistic on the country and the economy. maria: i like it. todd piro. >> the fact that democrats in their postmortem are expressing shock that the border and economy tells you everything you immediate to know -- a. [laughter] maria: jonathan fahey. >> trump gained 10 points with young people. two issues, people aren't talking about that much, covid restrictions and wokend. they're sick of the wokeness, is and covid crushed some of their lives. maria: amen to that. we'll see you again tomorrow. varney and company now. stu, take it away. stuart: guard morning -- god morning, everybody. the wheels of transition are

moving rapidly. kamala harris has made her concession speech, but she vows to keep fighting. it sounded like she was starting a resistance movement just after we -- like we saw after trump's win in 20 the 16. president biden will address the the nation at11 eastern time this morning, he has invited president-elect trump to the white house. we don't know when. donald trump working on his cabinet, he's off of the a fast start. some big names angling for top the jobs, billionaire john paulson for treasury, marco rubio, secretary of state, elon musk, r rfk jr. as advisers. another battleground state has gone to trump, michigan. that means harris' blue wall has collapsed. we'd better get to the markets. no no selloff, that's headline. the dow up 5000 points yesterdas yesterday -- 500. there's green there i throw. --

though. the s&p 500 was up 3% yesterday, it's up a fraction this morning, and the nasdaq is moving up again today, 8points higher, -- 89 points higher. bitcoin, close to the its record high, $74,700ed the. gold, which rallied as rump's chances of winning guy stronger -- grew stronger. oil, $71 a barrel. gas, $3.10 for regular, diesel, $3.56. on the show today, trump's legal challenges may be going away. the justice department in talks to stand down its investigations. and the media meltdown goes on. the ladies of "the view" wear black. some democrats are turningen joe biden. top philadelphia democrat turning on the harris campaign. sunny hostin on "the view" turn it is on voters. she calls out uneducated white women. it really is time they stopped talking down the voters because

they just don't like it. thursday, november the 7th, 20 the 24, "varney & company" is about to to given. ♪ ♪ stuart: oh, the producers know my taste in music, i do like tom pet ity. not bad at all. -- ci see some >> yes, it is. spring in all our steps. [laughter] stuart. lauren, good morning. lauren: she committed to a peaceful transfer of power in an emotional and defind 12 the-minute concession -- defiant. [applause] >> a fundamental principle of american democracy is that when we lose an election, we accept the results. while i concede this election, i do not concede if fight -- the

fight that fueled this campaign. [cheers and applause] i spoke with president-elect trump and congratulated him on his victory. i also told him -- [background sounds] if that we will help him and his amendment with they are transition. his team with their transition and that we will engage many a peaceful transfer of power. lauren: president biden called the president-elect, congratulated him and invited him to the white house. trump's team says that will happen shortly. and former president obama sent his congratulations. he andmy hell urged the nation to -- michelle urged the nation to extend good feint and grace in the process -- good faith and grace in the process. inside the campaign, in fact, inside the party a postmortem is being tone to figure out -- done to figure out how did she lose and by so much. but at least publicly, the people responsible for either helping or hurting her are committing to a smooth transition. stuart: okay.

lauren: i choose to be positive. [laughter] stuart: i'd just like to be a fly on the wall inside the rooms where heir debating what went wrong -- lauren: and what do they do in '28? if does she go again? if. >> no. she's done. stuart: i think so. >> and, by the way, so too is obama. this would have been his fourth term because he probably ran the white house while biden was there, right? because biden wasn't capable of doing it. stuart: all right. let me tell you now, or listen to what the media had to say about trump's big win. you've got to see this. >> the united states is about to be awol as leader of the free world. >> it didn't seem to matter how often you heard the economy's doing well, the jobs report is doing well. none of that seemed to matter. >> there are levels of sexism and racism that, cheerily, a lot of people in -- clearly, a lot of people in this country willing to tolerate. >> this is a president, he was impeached twice, he botched the

handling of the band demick, he faced -- pandemic, he inspired januaryth, and he won anyway. >> this is the biggest red wave i've seen since ronald reagan's 49-state victory in 1984. stuart: mika and joe scarborough, they were wearing black. [laughter] the gentleman on the right-hand side of the screen, he's not wearing black -- lauren: i'm wearing navy, by the way -- [laughter] stuart further governor huckabee, welcome to the show. i don't know they understand why they lost. >> they sit there in their little bubbles, think talk to each other, they don't understand america at all. they ignore flyover country, hard working people, the people that the really make this country work. they look down their noses at those folks. this week the people of america stood up and basically gave them a one-finger salute and told them or,?

we're back. we love are freedom, our countries, our family. we're not racists, sexist, misogynyst, we're not garbage. we're not un-american, nazis or fascists. and i think it's it's been a great week for the american people. one of the things that comes out of all of this is when i hear this nut on there saying, oh, this was a time when the racists and the sexists stood up, i'm thinking, yeah, all those racists who were black and hispanic who voted for trump in record number, all those sexists who trump the got more votes from women than typically a republican would get and, certainly, more than he was expected to get. so are these people who are just so stupid about their own race and if their own gender that they voted for him anyway? no. what happened was america came back alive this week, and thank god. stuart: don't talk down to people. we don't like it. governor, i want you to take look at this headline are. it's in the "wall street journal." how trump won economy is everything else. -- election. turn out the economy was the top

issue in the election, but the democrats concern what do you think about this, governorsome the democrats ignored it, because they had to. >> they can't the have anything to say. they ruined the economy. they wouldn't admit it, and they kept telling us, oh, the economy's doing great. and people who were squeezing the handle at the gas pump if said, really? well, explain why this gas is costing me so much more, twice what it was, pushing the grocery cart through the store and they were saying, oh, the economy's great, how come i can't afford what i used to afford? going out to eat? forget about it. twice as much as it used to be. wanting to buy a new home? can't do it, cost has doubled. so gayle king and people who live in wonderful neighborhoods, gated and protected by security, maybe their economy wasn't affected. but the guy that lives just down the street in everyone town, usa, was feeling it, feeling it hard. and no matter what washington said, it didn't put bread on the table. stuart: and they didn't like

being talked down to be to either. governor,s always a pleasure. i know we'll see you again real soon. good luck, sir. i think we better check futures after yesterday's very solid gain, and that's an understatement. look at the nasdaq, up 1 is 11 concern 1111 points. adam johnson with me this morning. i want to show you a statistic. this is the wilshire index, a measure of the value of all stocks -- >> all put into one index, wren. stuart: that was a dollar gain just yesterday of $1.5 trillion. that was the largest gain this year so far. that moves it's the a trump rally. >> oh, you better believe it's a trump rally. and then the second question becomes, is it sustainable, and i think the answer is, yes. i'll tell you why, stuart. there are some structural changes that will happen because of mr. trump coming into office, having a republican senate and perhaps even a republican house as well. those changes include lower

taxes, fewer regulations which unleashes creativity among all of us and businesses to go out and grow. if that is all incredibly positive. and don't forget drill, baby, krill. stuart: how about the fed? >> yeah. stuart: there could be a rate cut. >> i expect a rate cut later today to. ordinarily, we get it on wednesday, but hay moved the cycle back one day because of election day. i expect we'll hear that the fed is cutting rates by another 5 the basis points. -- 25 the bay -- basis points. and then some undetermined amount next year with. the reason, stuart, is that inflation if if you average all the different indicators of inflation, inflation is down to 2 2.2%. the fed's target is 2, so we're pretty darn do close. remember, consumer prices were rising 9% at the high, producer prices 11% at high. we've come a long way. inflation's almost back to where it needs to be. stuart: listen to what cbs

anchor margaret brennan had to say about voters making the economy their number one issue. roll that tape. >> donald trump campaign saying he's going to lower the price of bacon. the president of the united states -- >> or eggs for that matter. >> or any of it. it's promising -- i get you're uncomfortable even though the head of the federal reserve and those guys, you you don't quite know what they do back in washington, joe biden's untiling you looking inflation's moderating, but you with understand your grocery cart or gas tank, and that personal experience seems to be what people are looking to justify their vote for donald trump when they're citing the economy. stuart: well, she got it right, didn't she? >> good for her. stuart: do you think mr. trump can cut prices dramatically? >> what he can do is create an environment where efficiency is more important, where inflation is coming down because businesses are no longer overregulated and it's oil companies -- and u.s. oil companies are able to drill and create cheap energy. it's about creating an

environment. he will also lower taxes. and when you lower taxes, you give people more money, and they can spend it in rational wayses. so he can't necessarily go out and push the lower the eggs button or the lower the milk button, but he can create an environment where you're able to have stability, predictability and, again, unleash creativity. sue stuart adam, thank you very much, indeed. "the view"'s cohosts lashing out over trump's victory. >> i'm profoundly disturbed. i'm worried about mass deportation and internment camps. uneducated white women voted against their reproductive health freedoms. stuart: isn't that rather insulting to a large bloc of voters? will cain is going to take that one on. bearmy sanders giving democrats a toes of reality. he says they lost because they abandoned working crass people and ignored americans who want a change. newt gingrich is going to get into that. we'll be back. ♪ i don't immediate to fight -- need to fight to prove i'm

right. ♪ i don't need to be forgiven ♪ you founded your kayak company because you love the ocean.

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for your free decision guide. medicare supplement plans also let you see any doctor. any specialist. anywhere in the u.s. who accepts medicare patients. take charge of your health care today. consider adding this. call unitedhealthcare today about an aarp medicare supplement plan. stuart: on the futures market, we see green after a huge bunch of green yesterday. dow's up 20, nasdaq's up 117 points. quickly take a look at the vix. that is the fear gauge. i don't know where that comes from. get that off the screen. its has dropped after trump's election -- the fear gauge has dropped. that's the news, okay? the blame game is on for the democrats. they are looking for a scapegoat for harris' loss. peters do city at the white house. peter -- peter doocy. are some democrats blaming biden? >> reporter: oh or or yeah,

stu. [laughter] the the revered campaign consultant david plouffe who was brought in to help get harris across the finish line has deleted his account on x after posting is?ing? something, in part, we dug out of a deep hole but not enough. a devastating loss, thanks for being in the arena, all of you. the sentiment from harris loyalists has shifted from joe biden's legacy as a selfless patriot is cemented because he stepped aside to let harris beat trump, two, joe biden was so unpopular, his vp if was doomed from the get go. there's an important politico that has this, quote, we ran the best campaign we could considering joe joe biden was president. joe biden is the singular reason kamala harris and democrats lost tonight. exit polls don't reflect that joe biden was the singular reason, and some democrats when did win this week are imploring their democratic colleagues to drop the bitterness quickly or

else. >> one thing i don't think is constructive is to get into the blame game, blaming certain individuals for things that could have been done or should have been done or would have been done. none of that will help us rebuild for 2026 and to 2028. >> reporter: we don't know exactly what is next for kamala harris, but she can't just go off the grid because she is the sitting vice president for another three months. her staff is telling us today she's got internal meetings and briefings, so we do not expect to see her with president biden when he talks about trump's win at 11:00. stuart: we wait for it. thank, peter. take a look at senator bernie end sand's. he said this about the democrats' loss, quote, it should come as no great surprise that a democratic party which has abandoned working class people would find that the working class has abandoned them, end quote. former house speaker newt gingrich with me this morning. is this a complete political

realignment, newt? >> no,st it's in the complete yet because the margin in the house is that to close, and you have to ask yourself, can the republicans govern well enough the actually have a great election in 206. because historically, the white house party loses ground, and they haven't got any ground to lose in the house. so this is the beginning of an enormous alignment really goes back nine years to donald trump coming down that the long escalator at trump tower and announcing for president. and and i think it's very important to understand what you had on the one side was a political campaign, that was harris. what you had on the other side is an enormous and growing political movement. and when you have a movement champion versus a traditional political leader, it's no contest in the long run will be if the movement grows big enough. and we just saw with african-americans, with latinos, with a wide range of people that

the trump message that the we have to change is really penetrating. stuart: next, the republicans have also flipped the senate. and it looks like they're going to keep the house, albeit with a very small majority. that represents a significant shift in power. how would you characterize american politics going forward? >> well, i think that we have seen a profound revolution in that most of the never trumpers were members of the bush team or the bush administration for whom this really is a profound revolution. you have a president who is much more populist, you have a president who is committed to caution in foreign policy, you have a president who's willing to change all the rules of the international game in order to advantage america. and those are very profound breaks from what had been sort of the governing establishment of the last half century. and i think that's irreversible.

this party, the republican party, is not going to go back to a bush-ite internationalism, and it's not going the go back to giving up american economic values byrd the placate some international order which has no interest, by the way, in placating us. so i think in that sense this was a more revolutionary if election than 2016. you have a candidate who pure faith had four years to think about what went wrong, what he didn't do right, what he should learn, and he's now a much more formidable figure. he has a clear sense of where he wants to go, and he's going to build a team that's going to be committed to going where he wants to go, and that will be a very different experience. stuart: mr. speaker, thank you very much for being with us today to. it's always a pleasure. thank you, newspaper. adam johnson with me. the republican party now is the party of the working class. do you agree with that? >> i think it's the party of the

working class, i also think it's the party of people who are sane and grounded, who are tired of social issues and want to get back to real issues, one of which is hard work. right? so it's, it's a party now that's pragmatic. it's a party that wants stability, a party that wants strength. it's a party that does not want to talk about pronouns and boys in girls' bath bathrooms. it's a party that wants to roll its sleeves up, get back to business and the make this country great again. stuart: and profit is not a dirty word. >> profit is a wonderful word, because it means that we're moving forward and doing it right. stuart: that's why futures are going up this morning and went way up yesterday. >> yes. stuart: look at this, this is the day after a huge gain on the markets. it was a huge trump rally, and it's there again. especially the nasdaq,s up another 120 points, another half percentage point. the opening bell is next and we'll take you there. ♪ ♪

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stuart: three minutes until the opening bell. the dow's up 19, but the nasdaq is up over 100. by the way, the vix is lore, and it dropped after trump's election win -- lower. that's the fear gauge. it's down. kevin mahn is with us this morning. welcome back. >> thank you, stuart. stuart: take us through the various areas which might do well in a trump administration. start with defense. >> yes. our country desperately needs to modernize our warfare capabilities. president trump is aware of that, so i expect more investment going into those areas. likely benefactors, let's start with lockheed martin, the largest defense contractor in the world and the maker of the f-35 fighter jet. but look for ancillary benefactors as well like helmet aerospace. they supply the parts that help fuel the f-35 itself. so so lockheed martin, aerospace and defense, i think that's an attractive area to look at.

stuart: next one, and i don't understand why, but health care is supposed to i believe both republicans and democrats are going to be insistent the about lowering drug prices during a trump administration. large cap pharma's going to have to be inquisitive. where are they going to turn? small cap biotech. those companies that are providing the medical innovation that we desperately need to cure other chronic diseases. there's a company out there right now that we're looking at that focuses on weight loss. very interesting company, right? you can't tell me there's a large cap pharmaceutical company that's not going to look to add that to their pipeline going forward seeing the success that eli lillys has had. tooth institute energy. i can see how that would be a good area if in a trump administration. [laughter] who you got? >> absolutely. i'm talking about tremendous energy need that these data centers have to power the ongoing a.i. revolution --

stuart: we've talked about this before. we talk about this a lot on the hoe. >> it's not going away, stu. stuart: these data centers need an enormous amount of juice. who supplies the juice? >> utilities. energy through electricity, natural gas and nuclear power. there's a company in michigan called dte energy. they actually supply electricity, they supply natural gas, and they own a nuclear power plant in michigan. they've got a yield of about 3.2, trading at about 17 finals earnings -- times earnings, that's a good area for investment. stuart and that's a nuclear stock. >> you've got the defense, income and a.i. revolution concern. stuart: we'll take it. kevin, thank you very much, indeed. >> my pleasure. stuart: the opening bell is ringing, and i want to point something out. there's our liz claman, left-hand side of the screen, green dress. she's ringing the bell with her charity, building homes for

heroes. they give customers if more gang-free homes for badly wounded soldiers. liz claman doing the right thing right there. the dow has opened with a modest gain, not a big percentage gain, but yesterday service the up 500 points, this morning it's up another 50. the board with all the dow 30 stocks on there, most of hem are in the green. the s&p 500 up about one-third of 11%, and the nasdaq posit, that's higher, .06 -- can .60%. big tech, where are they today? meta, apple, alphabet, amazon, microsoft, they're all up. not much, but they're all up. trump's media stock, i believe it's heading lower, dt -- what is it? djt, got it. what's going on? it's heading lower. lauren a. >> probably just some profit taking. this has been such a wild stock boeing from 12 to 50 to 40 yesterday, so everyone can talk a deep breath. you know, he is going to be the

president-elect but just a little bit lower today, i think, as everyone sort of i think jests the news. i don't think there's a lot to worry about. sue stouter you don't put this in your portfolio, do you. >> no, i don't. there are no fundamental reasons to own it. it's a proxy. stuart: okay. qualcomm, chipmaker. getting a boost if this morning. it must have had a good report are. they're up nearly 3%. >> yep. good results, strong quarter plus a $15 share buyback never hurts. they saw growth of 12%, and they're really trying to france the form qualcomm -- transform to a connected company to fuel a.i. so really trying to, again, make the a. i'm sorry pivot. stuart: you think qualcomm's going to buy intel, don't you? >> i do. i say that not just because i think so, but because qualcomm itself said we are looking at intel, but we're waiting to see what happens with the election. if kamala ones, or it means lina khan stays at the ftc, if trump wins, she's out a there, and this and many more deals will

likely get approved. so, yeah, i think qualcomm buys intel. stuart: i'm looking for stocks that are surging. i think i found one. st the lyft. it's up 26%. do you need to adjust her microphone? is tt what it is? >> i can adjust it off air? is that what you want me to do? should we talk about lyft? 26%. this is wild. really good results and solid guidance in the future. 16% increase in gross bookings, active riders up 9%. but the real story is they have a deal now with mobile, ye to increase the presence of robotaxis on the platform -- mobileye. so you can go on your lyft app, get a robotaxi, not have to deal with the driver. that's the partnership that has the shares surging. stuart: the e.l.f., beauty people. they're up big today. [laughter] 8%? >> beauty people. >> beauty people. you're showing a little bit of the ignorance -- stuart: new york i'm showing my age.

[laughter] >> so, look, this is a makeup company, right? maybe on the lower end in terms of price, so a little bit more accessible. beat and a raise. strong guidance going forward. they gained market share in the u.s., and they're looking to improve the shares in the international. shares are up 10%. stuart: what's wrong with calling them the beauty people? >> it's logical. it was funny. i don't do buy i. i'll do tech the, but beauty, i'll leave that to taylor. stuart: know -- mow slow more disk. i believe they hit a 9-month low yesterday. what's with that? >> yeah. the results were really good, but the future forecast was expected to grow about 2211%, and they -- 21% and they said we may only grow 19%. again, they came out and i think the shares are up again today because, look all of those weight loss drugs, there's so much demand for those. that's a story that's not going anywhere. people of -- sort of looking

through the forward guidance. stuart: what do you think, adam? >> i am someone who positions -- focuses only on a u.s., right? if maybe i should go buy viking therapeutics which has a potential competitor in the or form of a pill. that'd be a lot nicer than stabbing yourself. no, i don't own anything in yourself. stuart: yeah, i'm looking for the bill -- the pill, believe me. let's start with moderna if. >> a relief rally underway. in september they cut kohs, lowered guidance. today to i think analysts really happy that, basically, or they just beat on the top and bottom line. stuart: tapestry. >> yes. okay, so you mow them as a, what, the parent of kate spade and coach, right? coach sales up 11 percent.. -- 1%. stuart weissman, all those great shoes, those are up 32%. people -- 2. this is a company hack go forward. stuart: nice if gain. taylor, thank you very much, indeed. adam has brought his stock picks with him.

two big names this week. pairs off, amazon. >> i'm keeping it simple. these are two different names that are breaking out. so actually you can see it up today. by breaking out, the stock's been sideways for a period of time and all of a sudden it's starting to break out, and there's that chart. you see it on the far side. it's finally starting to break out. that's a very strong signal. yes, it's growing at call it 30-35% per year. so it's not cheap at 35 times, but given that growth, i'm happy with it. stuart: how about meta? >> very similar story. again, look at the stock's up 22 today, that's wonderful -- 2%. yesterday service the down simply because the trump stock, djt, the ticker, that was the up so much. but look at it, that too is breaking out. we're showing you a 32-year chart. it's been pretty steady, kind of sideways over the past several months. when you see a bigger chunky stock consolidating afterst the been up and then it starts to

move, that means it's got some momentum, and there are big buyers buying it. keep it simple. meta, amazon, they are breaking out to new highs. stuart: trump's good for big tech. he's not trying to break them up, is he? >> correct. he's absolutely not trying to. there was a view at one point that big tech was more of a dem democratic play because there had been such tight the communication between the biden administration and certainly facebook, even google to regulate searches during vid. that is no more. so big tech is no longer or a dem play. s the a growth play, it is the an a.i. play, and they are both breaking out, amazon and meta. stuart: we'll take it. thanks very much, indeed, adam. let's turn check out that big board, or down 20 points, that's it. 43,7000, is where we are. dow winners, look at that a list. intel is at the top. maybe somebody's think hiking of buying them. apple, salesforce, boeing with. dow winners, etc., etc. s&p winners, please, if we could

move if on. i don't know that one. ralph lauren, warner brothers, mcquestionsson, gilead sciences on the list. nasdaq winners, warner brothers, gill yapped sciences, datadog and pinduoduo. former secretary of state mike. pompeo has total confidence with trump on the world stage is. >> they will once again have respect for american leadership, there'll be a leader on stage that understands the deterrence model that has delivered such good things for the united states. stuart: how will trump take on our adversaries? we will ask general jack keane later in the show. the liberal media melting down blaming sexism and racism for harris' bigtime loss. >> -- cannot ignore there is still a lot of racism and gender bias in this country. >> i think this was a referendum of cultural resentment in this country. stuart: we'll see what leo terrell has to say about that. there will be more "varney"

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stuart: 12 minutes into the session, dow's down 30 but look at that a nasdaq, going up again, 177 points, .99 3%. have a hook at starbucks. now, this doesn't affect their stock price, but they have brought if back their iconic red holiday cups. they are back as of today. president biden has invite ised president-elect trump to the white house. bill melugin joins us from west palm beach, florida. bill, any idea when the visit might take place? >> reporter: we don't know yet, stuart. the trump campaign is finishing up their celebration phase, now they want to get to work particularly with identifying candidates for the future trump

cabinet and the transition team's already starting on that. a take a look. quote, in the days and weeks ahead, president trump will be selecting personnel to serve our nation under his leadership and enact policies that make the life of americans affordable, safe and secure. and some possible names being floated out there are doug burgum, vivek ramaswamy, elon musk and, obviously, rfk jr. donald trump or jr. was on "fox & friends" this morning, he said he's going to help staff, surround his cad with the best america first -- his dad with the best america first candidates. >> i'm going to be the heavily involved on the transition. now that we know who the real players are, the people who will actually deliver on the president's message, the people who don't think that they know better than the kuly elected -- duly-elected president of the united states, i want to make sure those people are in the administration. >> reporter: and one of the people we can cross off the list is senator tom cotton. he had rottedly been under --

reportedly been under -- for a cabinet. he has asked the trump campaign to pull his name for the fact that he wants to stay in the senate and potentially run for senate leadership. back to you. stuart: thanks very much. adam, what do you think would be the best thing for president-elect trump to do on day one, the best thing for the markets? >> well, there are a number of things he can do, you know? unleashing drilling being one of them. sealing the border and -- but being rational about it, not being emotional about it. going after the known criminals here in this country. that would give us all a strong sense of confidence that we're doing the right thing. i would like to see a strong message coming down from the if doj about getting the soft on crime d.a.s in the cities out of their offices so that we could actually start prosecuting crimes that are committed. for example, do you know, stuart, that the you can walk --

here in new york city you can walk into a cvs, steal up to $750 of stuff and you won't be charged? that's the craziest thing -- stuart: that's new york city. it's $950 in california. >> i know. we need to get back to sanity. and forchew admitly, the the attorney general -- fortunately, the attorney general is a cabinet position. we can actually start putting pressure ontieses get rid of these -- on cities to get rid of these soft on crime t.a.s. that would be a wonderful start that would send a strong message to the country, law and order. stuart: so action on just about every front. >> you name it. but also, you know, remember, mr. trump is a man who does not support big government. he, or like me or i should say i, like him, believe smaller government is better government. stuart: i'm with you where. thanks, adam. rfk jr. says he wants to to reshape health care policy. health policy generally. lauren: he says the entire fda has -- he says some departments

have to go. sorry, got that right. >> in some categories, the entire department like the nutrition department at fda that are, that have to go. they're not doing their job. to eliminate the agencies as long as it requires congressional approval, i wouldn't be doing that. i can get the corruption out of agencies. lauren: so fda has nine divisions. a lot of it has to do with food, the food and drug administration. think food safety. and he said, look, you buy fruit loops here in the u.s., they have 18 or 19 ingredients. in canada, heavy got 2 or 3 ingredients. why? why is our food so processed, therefore, unhealthy? but if trump elevates rfk jr. to head health and human services, that is a cabinet position, and he would need senate confirmation. he has no medical experience. it could happen, but he might get a lesser role where his input would inform policy but

not necessarily be a cabinet position. stuart: i get the impression, adam, that food policy is becoming political and is a very powerful political force in our politics today. >> i think everything's political in the world that we live in. stuart: that's true. but food? >> food is something that unites us, it's something that the touches all of us like energy, right? we all have to eat. i know that sounds violate -- trite trite, but, yeah, food costs have been so high, i think that's one of the reasons why the biden administration -- and democrats in general with, have gotten the boot. stuart: it's about purity. lauren: yeah. stuart: that's the big deal. there's almost a war on processed food. >> as there should be. stuart: rfk jr.'s leading it. >> we eat all the gash edge and then preponderance a pill -- garbage. no, whatwe ate healthier? lauren: dr. siegel said 75% of the food in the store is process. that leads to you being obese -- health care is sick care, if you like.

stuart: we've if the to do something about this. >> we do. stuart: we've turned to the green again on big board, we're up3 2points. check the 10-year -- 10-year treasury yield, 4.37. that's still el elevated. the price of gold has gone up this morning, getting back to $27000-- 270 0 an ounce. gas, as in nat gas, that's the $the 2.67, down 7 cents, and the average price for a gallon of regular staying right there at $3.10 a gallon. california, or or you paying $4.5 the 2 a gallon. all right, coming up, president-elect donald trump is off the a fast start. within 24 hours of the big win, he's checking out cabinet possibles. this is going to be a very different administration. biden made a big deal about diversity. clearly, trump doesn't much care for that. he wants talent. that eat my take, top of the hour. -- that's my take. trump has promised to drill,

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♪ stuart: on the campaign trail, as we all know, trump promised to drill, baby, drill. said it many times. now that he's president-elect, what's the plan? jeff flock in pittsburgh. jeff, when will trump open up the spigots? >> reporter: open up the spigots, you say. did you know, mr. varney, that in the last month for which we have data, the u.s. produced more oil than any nation in the history of the world? 13.4 million barrels a day. but i know you think we can do better is and, you know what? so does president-elect trump. here, by the way, is one of those campaign promises he made. listen. >> first day, first hour -- we can do many things on the first, but, first, we're going to drilling baby, drill.

i will end kamala harris' war on energy in pennsylvania, and we will frack, frack, frack. >> reporter: yeah, frack, baby, frack, in addition to drill, baby, drill. natural gas is here in addition to oil. natural gas big in the u.s., number one export of natural a gas. we can expect president trump to to end the biden administration's ongoing attempts the pause permits for lng shipments overseas. he's probably going to pull out of paris climate accord. we can expect that as well as reducing regulation. pennsylvania is, where i'm standing right now, the number go natural gas producing state in the country. and as i said, u.s. now exports more natural gas than any other country in the world. energy was on the ballot, says the american petroleum institute, and voters sent a clear signal they want choices not mandates is and an all of the above approach that harnesses our nays' -- nation's resources.

we talked to to somebody on the ground here in the industry. they say this is huge, the trump election. listen. >> we've seen this anti-fossil fuel prejudice, and they're playing it out through unfair regulations, what the biden-harris administration tried the pass in the way of methane regulations was an example. they wanted us to buy expensive equipment, hire expensive contractors to prove a negative for a benefit that was tiny compared to the cost. you have no way to fight those kinds of unfair if regulations. >> reporter: no more unfair regulations, mr. varney. i suspect you would concur. stuart: as a matter of fact, i would, yes. can't wait to frack for more natural gas. all right, jeff, you're all right and we'll sew you again real soon. thanks for being with us, adam, for the hour. coming up, mike pompeo has full confidence in trump on the world stage. retired four-star general jack keane is here to react to that. senator elizabeth warren won her

contest in massachusetts but by a smaller margin. what does that mean? carine hajjar will break it down. trump took pennsylvania by a narrow margin. was fracking the big issue? if pennsylvania congressman dan meuser has that. more "varney" after this. ..

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