goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >> she lost the election decisively. >> money is still pretty ease yay out there and speaks to rising fed and cutting interest rates and pretty much have hot cots and conditions. >> this unleashes the opportunity for real american-led, america first foreign policy that's tethered to the therm state and it's what the biden administration is all

about. >> using star riffs on china to pay for tax on american workers. >> this is a guy that doesn't wait around for the media to attack or political opponent's attack. he's on the offense right now. stuart: it is 11:00 in the morning, monday, november 116789 it is veteran's day. we'll check the markets and we have a nice rally for the dow s&p and nasdaq and and in the green and show me big tech.

costing $48,000 for the first time and quoting it now at 84,200 a coin. that's a rally. the summit known as cop 29 started in bar cue and it's the capitol of arizona buy john. it's a petro state and -- azerbaijan and it's ending fossil fuel and president elect trump preparing an executive order taking america out of the paris climate accord. that's a virtual kiss of death for the global climate guys and biden has a team of lame ducks and they're powerless. trump is not there and germany, trump, france, india, and germany are not there and the ones that are there want money and football games getting from trump. cop 29 is irrelevant and climate rules under attack and being reversed. look at america, donald trump

was elected on a pleasure to drill, baby, drill. increasing fossil fuel production. that was his way of cutting inflation and opening up federal land for drilling and whoever runs his energy department will look again at building pipelines. and elon musk will have something to say about highly restrictive relations. do you think trump will stand for green mandates that pushing all into e vs all of this flies boo the face of failing from day one. environmentalists will not be happy and point to severe weather around the world as a signal that dangerous climate change sin deed happening but they lost the election and they don't have the votes to impose draconian climate rules. harris' green new deal is a turnoff and need a new policy because ending all fossil fuels now just doesn't work for anyone. third hour of varney starts right now.

♪ stuart: steve forbes with me now. is this the beginning of the end of green movement or am i wildly exaggerating? >> not at all. >> we have cheap fuel and energy and we're going to allow to have natural gas exported again. stuart: wouldn't that make a difference and natural gasteluer polluting than oil or coal. why redistrict export or restriction production of it. >> china is an importer and

directly or indirectly will be the source of it. that's a global situation today and that's good. stuart: ro khanna said his party's messaging on the economy was a failure. roll tape. >> e with did not have a excelling enough economic vision. the democratic party should have one simple mission, and that is to address the economic hardships and struggles of many of americans, not just working class americans, a large slice of americans who feel the american dream has slipped away for their families and their kids. stuart: but the trouble is, steve, the democrats have never really shifted away from a basic policy of tax and spend, ever. >> no, and goes back to franklin roosevelt in the 1930s when they said tax, spend, spend and elect and elect and it was economic issues in addition to bordering others and sanctified the democratic party and people don't want higher taxes or more

regulations and they don't want more crime, and so they can say, oh, raise the minimum wage. what people want are real jobs where real pay is growing and prices are coming down, not going up. >> i think so with how long costs on businesses and tax cuts and getting that situation settled and real cuts on spending and not just once and going for raining spending and getting the economy spending and especially new businesses and banking new regulation and allows banks to make loans and small businesses in the way they do in the past. stuart: will that bend the curve on lessening debt? >> the obstructing cerumen way is by growth and world war ii and 121 mercer of gdp and late 19 60s before we went on the

binge of doing crazy stuff and had gone done to 35%, spending restraint and going down for that. tuning to the point of one point and s&p not up that much but up. jason katz with us this monday morning. what's behind the rally and calling it a trump rally? where's he going? >> unpack it all, will you? >> ubs clients withstanding and all this cash on the sidelines and there's a rush to find a home for some of that cash. where is it going, you ask? well, look, i think 22.5 times earnings, trump and company have to walk the walk and corporate america has to walk the walk.

we believe both will and respect to corporate america and hear anecdotally with my coworkers and c suite and cap x and any sort of innovation till they knew the outcome of this election. they now have license to let it rip. stuart: speaking thereabouts. 84.9 and could be headed to 85,000. said what he meant and meant what he said and u.s. episenter and that's precisely what's unfolding. what's aldridge unfolding is that we saw so many institutional investors de-restoing ahead of election specifically with respect to crypto. so that's pit undue pressure on the upside and coming to

bitcoin. >> extraordinary performance. stuart: 84.6, 84-p 84.8 as we s. larry: 94 million americans are inarkansas enjoying this. foe mo going up and up and up and trump likes t let's buy if. citi group said this is the trump trade showing no signs of retracing. candidate trump promised to make the u.s. the crypto capitol of the planet and replace sec chair gary gensler and won the president seizure disorders presidency and won back the senate and ally of trump, senator tim scott the new chair of the senate banking committee and replacing sharrod brown of ohio. scott wants to draft a new regulatory environment that would cut the red tape. see the pieces are all falling into place and pretty fast right

now. the political players are benefiting from the cash bazooka of the industry and look at numbers. 170 million raised from fair shake for the presidential election and 78 million for midterms in 2026. the money is here. >> don't forget about the stockpiling of bitcoin. trump talked about that. lauren: the reserve. >> exactly. stuart: you manage money for wealthy people. are they into cryptos? >> well, regardedly we're not allowed to apine or invest in it, but the democratization through etfs to your point, lauren, is a big catalyst of this leg up as well. stuart: sorry i asked this question and never asking that question to you again. jason, you're all right. thank you. coming up, one of kamala harris' former staffers wants biden to resign now. >> he could resign the presidency in the next 30 days, make kamala harris the president of the united states. it would dominate the news and

democrats have to learn drama and transparency. stuart: come on now. what would people think of that kind of trickery? we're on it. in 1981, the day reagan was inaugurated, the iranian hostage crisis came to an end. are we see ago repeat of history with trump and hamas? kt mcfarland on that. she'll take care of it next. ♪ starting a business is never easy, but starting it eight months pregnant, that's a different story. with the chase ink card, we got up and running in no time. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. we all know that words have power. they set things in motion and make us happy or sad. but there's one word that stands out, because when people say it, lives are changed. it's not a big word.

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stuart: back to the markets and the dow up 344 points now. little bit of green for s&p and nasdaq. we're really keeping a close eye on bitcoin and approaching 85,000 per coin and straight up today. tesla, according to forbes and elon musk worth over $418 and joining me now. they're not play ago significant role in this rally. why not? >> part of the reason is that what they're waiting for is they're waiting for energy, anything elon musk and merger and acquisitions and crypto and the dollar. big tech is basically run up and we're seeing a location into the trump trade. >> all the scrip toe leaders

might be pioneering the rules rs and what bitcoin will look like? stuart: where is bit going? >> i'm one of the believers it's going to go to $100k. part of the reason is that it's going to be a counter to what the bricks want to do. brazil, russia, india, china, and saudi and basically trying to up end the dollar and so having crypto and the dollar strong is going to be helpful to the u.s.. stuart: we got it. thanks for joining us on short notice. we appreciate it, sir. see you again soon. >> take care. stuart: qatar ordered representatives of hamas to leave. that's a blow to hostage negotiations and to a mas. matt finn in tel aviv. where do things go from here, matt? reporter: stu, trump official tells me that our president elect has spoken to multiple leaders here in the middle east over the past couple of days including israeli prime minister

benjamin netanyahu and leaders telling president elect they want fighting to end and killing to end and they think he can do it. the most recent peace talks in qatar between united states, israel and hamas failed and biden administration has now asked qatar to kick hamas out of its country. on the war fronted here, at least 40 palestinians reported dead after israeli strike in gaza yesterday. the palestinian center for human rights said 24 people were killed when one israeli strike hit a residential building that was already housing displaced people. new video just in. a fiery explosion in haifa in northern israel, three people injured by rockets fired by lebanon and strikes by hezbollah, lebanon and israel are a daily occurrence and even if the iron dome intercepts

these rockets, fallen debris injures or kills people. three people reported injured in the fiery explosion not long ago. after the violent riots in amsterdam, benjamin netanyahu is warning israelis not to travel to cultural events or sporting events, especially in europe because of all the anti-semitism. stu. stuart: thanks very much, matt finn. now i'm joined by kt mcfarland, a true expert on foreign policy. kt, i remember in 1980, we went through the iran hostage crisis. the day reagan, ronald reagan was inaugurated, 1991, iran released the hostages and they knew he was coming. seems to me the same thing is happening and countries are no longer backing hamas because trump's been elected. what do you think? >> well, it's not just in the middle east, this is happening globally, and the difference is that i was in the trump administration, and i was in the reagan administration. whwhat iran did when reagan came

in releasing the hostages and wasn't a soft to president reagan and they didn't know who he would be and weren't afraid, they wanted to humiliate jimmy carter as out going president. this time around it's very different and all the leaders of the world, they know who donald trump is, they know exactly what he's going to do, they know he's tough, they know he's been right about just about everything. what they're doing is trying to get ahead of it. several things, putin said we're going to start selling oil in dollars. putin, who's basically said we want to negotiate on ukraine. qatar kicking out hamas. hamas saying they want to end the war. the chinese saying we want to have a really good working relationship with the united states. go on and on and on and the countries leaders who in anticipation of a trump presidenpresidency, already makg conciliatory gestures and that's the ultimate deterrent and taking moves on their own accord without being forced to.

stuart: trump spoken to prime minister netanyahu three times and has reportedly spoken with putin, reportedly he's going to pull out of the paris climate accord. trump seems to have taken over foreign policy in a matter of days from the election. >> he's had four years to think about how he wanted -- what he wanted to do and how he wanted to do and who he wants to do it with. first trump term i was in there, was complicated because he didn't know who were the people that supported policies and who weren't. he had a lot of false start withs people not loyal to him or his policies. this time around, it's very different. he's not going to defer but run the policy himself with people he knows and trust. stuart: how do you think trump

will -- what do you think trump will do about the ukrainian war? >> look, nobody speaks for donald trump except donald trump. what he said at cpac conference earlier this year, he said i'm going to end it in 48 hours. my first phone call is to president putin and say to putin, unless you go to the negotiating table, i'm going to give ukraine all the weapons it needs and then pick up the phone and talk to zelensky and say unless you go to the negotiating table, i'm not going to give you any weapons, hang up. he's talked about forever a solution to get them to the negotiating table and he's not been specific about what a deal would look like. but to get them to stop the fighting and stop the killing. and that's donald trump. peace through strength and not peace through let's go to war. it's peace through strength and economic strength and military strength, sure. diplomatic strength and he's one of the greatest negotiators in business history. he's a deal guy.

he'll do deals everywhere. stuart: would you like to go back to work in tram's state department? >> maybe not the state department, but we'll see. i was part of the reagan revolution and part of trump 1.0. there's a lot of unfinished business on the part of donald trump and how he could make enormous changes, not just for the united states peace and prosperity, but, you know, he could be one of the greatest leaders of all time in what he could do, especially with foreign policy. not to mention domestic policy. stuart: i would read that as a yes, you wouldn't mind going back. kt mcfarland, always a pleasure. hope everything worked out. see you again soon. thank you very much. residents in dearborn, michigan, swung towards trump. ashley, was this all about the arab american vote? ashley: it was and arab american leaders have been warning harris she needed to separate herself from president biden's support of israel and the war in gaza or

face a backlash from a pretty influential community in a key battleground state. that's pretty much exactly what happened. analysts say harris made several missteps along the way, including refusing to host a palestinian american on stage at democratic national convention and and also bluntly shutting down protesters at campaign rallies and also dispatching to michigan. multiple leaders in dearborn say trump's social conservatism and america first foreign policy made arab americans more comfortable with backing a republican, which is interesting. and for a population that often feels targeted by the justice system, many identify with trump's legal woes. interesting stuff. stu. stuart: thanks, ashley. administrator at colleges in seattle telling students to keep fighting despite trump's win.

all about the anti-trump call to action. extreme indeed. president trump has picked tom homan to be the new border czar. >> when you create a crisis this big, all the other bad things happen and that's why you have to secure the border. i don't care if you're a republican, democrat or independent. border security is national security, the criminal cartels need to be put out of president by this president. stuart: tom homan will tell us exactly what he plans to co. he's next. ♪

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stuart: bitcoin is straight up today and now at 48,005 o 00. what's with gold? lauren: it's -- 48,500. lauren: gold minors are down and

therefore more expensive sports grill using other currencies and it's down 9% and look at harmony gold down 9%. they're all selling off. stuart: significant losses in the gold crisis. block fintech. lauren: yes, this is the name behind cash app. piper sandler says buy them and more people paying electronically and this is the company that used to be called square and jack dorsey changed the name to block, the block chain. he started stepping into crypto and piper sandler said that's one of the reasons they see upside because of crypto plays for this name. stuart: all tied in. thanks, lauren. president elect trump announced tom homan will be the new border czar. and look rights now, tom joining us now. great to have you on the show and back with us with some kind of authority. i want to know, as barder czar, what is the source of your authority. who do you report to?

>> i report directly to president trump. it's white house, senior policy position and working very closely with the secretary of homeland security. ice and cbp and securitying the border and holding those responsible in the country and we'll prioritize the safety threats and national security threats. stuart: that's number one, start deportations on known illegal migrant criminals? >> absolutely. this administration is not doing this. this administration claimed they told ice don't deport victims of serious crimes and look at numbers compared to trump administration, the removal of criminal aliens by this administration is down 74%. also, we're going to look for and they can't find and we know they're going to be president

trump p may have to do it again and dent want to help and get the hell out of the way and we're copping and has to be done. i said this earlier this is the biggsest national security vulnerable they've seen and crime rates are up sky high. woe see the tren de aragua and gang 13 and they need to be targeted and i would help under the new leadership and.

>> we do target operations and enforcement and we will be doing work enforcement and let me ex-plania. this administration stopped and they said all about human trafficking and sex trafficking, but they stopped doing work site raids. work site operations. that's where we find most victims of trafficking and force labor and meat packing plants or massage parlors or that's where the victims of trafficking end up working so we have to do securities and rescue these people and hold people accountable. no one hires illegal alien and they hire them to work harder and pay them less and undercut their u.s. competition and actually employs citizen and employees. it has to be done number one priority is save the people who are forced into labor. stuart: was it an easy decision to make to come out of retirement?

>> for the second time? i love this network and the bad thing is i have to leave the network and i love fox. the fentanyl deaths and terrorism and the sex trafficking 6789 then president trump says, okay, i want you to fix it. i can't say no to that. it's president of the united states and i'm emotional and i've been doing this for 34 years and president needs my help. he's going to get it. you can't have national security without border security and we're going to take care of it. stuart: we'll miss you, tom. you've been a valued guest on this program for a long time. congratulations. you're doing what you want to do and that's a fine thing. thank you, sir. see you again soon. god bless you indeed. now this, a former aid to kamala

harris calling for biden to resign. that would let harris serve as first woman president peter doocy joining me now. has the white house responded to this, peter? reporter: not yet, stu. think about this, it would require joe biden to let the party leaders that squeezed him out once already this year squeeze him out again. seems unlikely but that's the pitch. >> fulfill his last promise and give kamala harris the chance to be the 47th president of the united states of america and disrupt all of donald trump's paraphernalia and re-brand everything and make it easier for the next woman to run for president not to have to run for the historical race of being the first. >> i'm not going to deny there's sexism in this country and racism and homophobia, it's now.

but on the other hand, i think what the american people want to support whether it's a woman, a man, black or white, a latino, whatever, is they want to support somebody who's standing up, christine, and fighting for them. struggling to traverse the sandn rehoboth beach sit down. >> president trump still a leader of democracy? reporter: and that doesn't sound like somebody ready to resign. sounds like somebody who wants to be there for this big meeting with donald trump in two dais. stu. stuart: got it. peter doocy at the white house. thank you. we can't ignore the rally that's going on in the markets. the dow right now up 350 points and, you know, that's been a solid rally all day long.

stuart: a former adviser to harris lashing out at nancy pelosi for her role in the democrat's election loss. >> she's so strategic and can count and do all that as speaker in congress but my question is where is your calculator now because democrats are about to lose the daggone house and orchestrated the public demise of the president. stuart: jason rantz coming up shortly on the inviting of democrats. ♪

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salesforce, american express, united health, goldman sacks and all of them up better than 1.5%. record high and 84,500 on bitcoin. look who's on the phone. david ban son -- david bahnsen joining us on the phone. >> we like a lot of this action and financials and stuart: does the market have a rally, does it have legs? >> this is the tug of war going on.

thanksgiving the hard part is valuation of fundamentals and tug of war and i don't want to time this, stuart, but i think people need to realize at this point, it's not just big tech that's everything. vice chancellor at seattle colleges in charge of dei programs wrote an anti-trump e-mail to staff and students after the election. jason rantz joining me. what did the professor say about trump and how extreme was it? >> he didn't mention trump by name and sent this open letter to the community and started off saying today might not be your liberation and tomorrow it might be. essentially saying all of these different ideals are under attack and as a college, they

want folks to know where they stood on political positions on immigration and illegal immigration and commitment to anticolonialism and sort for the antiracist gift and guy would not have a job if it didn't exist. if you don't support this, probably not all that welcome at this college. stuart: what was the breakdown of voting in king county? that's the seattle county basically. >> yeah, about 75% voted for kamala harris in this. i will note, it's down slightly from where it was in 2020 so just across the board in the state it was a little lower. very clearly this is still very, very, very deep blue seattle. stuart: very clearly so. next one for you. one former biden harris adviser

ask going after nancy pelosi for her role in ousting biden. watch this. >> nancy pelosi and so strategic and can count and did all that as speaker in congress and where can is your calculator now and democrats about to lose the damn house and sit on the podcast and play the sound i don't deal with presidential politics. she played in presidential politics for this psychoand will orchestrated the public demise of the president. stuart: jason, what do you make of all this in fighting getting bitter amongst democrats? >> it is getting bitter. i can't say i disagree with her. she's right. i don't think that's solely to blame for the position that the democrats find themselves in. everyone knew that there was something wrong with joe biden. everyone knew. they were pretending and that includes left wing media. they pretended it wasn't there till they couldn't anymore. only at that point did they effectively force him off his

own ticket. so yeah, they share blame going on and on and on and put kamala harris in a difficult position, not impossible but difficult position. had there been a primary, she would not have been the nominee. they might have had a better shot this election cycle. i don't know if they would have turned away from some of the rhetoric some of the political identity politics they were playing and that's still core for them. kamala harris not it and nancy pelosi forced them to give them the timing and deciding to pull the trigger and move joe biden from the ticket. stuart: got it. jason, thank you for joining us. see you again real soon. thank you. stuart: i want to see the split of winners and losers on the dow. there's more winners than losers. more green than red. the dow is up 345. during the campaign, donald trump made a lot of preoptions about what he'd do to help the

restaurant industry and includes no tax on tips for example. celebrity chef andrew gruel is here to tell us what trump will do for the restaurant business.

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stuart: during the campaign, donald trump made various pledges to help the restaurant industry, a big one of course was no tax on tips. celebrity chef and restaurant owner andrew gruel joins me now. are you okay with no tax on tip s? >> i'm better than okay with no tax on tips. look, this was a promise during the campaign that not only did trump make this promise, but the harris campaign also made this promise and it's a bipartisan issue. one of the best issues that we can attack immediately because there should be no pushback on this. i think also people don't realize how much this will save the restaurants and the workers. we talk about putting money back in the worker's pockets but the restaurants also pay well over six figures in most restaurants coming to payroll taxes on tips and people don't realize that and that'll be a huge boom to the restaurant economy. stuart: easy to implement and no tax on tips and do it just like that real fast?

>> well, look, i don't know how the tax sausage is made but trump is the country's number one fry cook and why not be restaurants and we should then start making cuts across all of the industries because all we have to do is cut a bit of spending and then bingo, there you go. it's paid for. stuart: do you expect seeing restaurant costs come down? that's one thing that donald trump propsed lower costs. >> i below to see restaurant costs coming down for a couple reasons and not getting into the macroeconomic theory behind the tariffs and just the mere pressure on china when it cops to a lot of products for the united states and it's going to force them and a lot of people going to bring them into some of the costs with paper and plastics and to go materials. that's a lot of money on -- when you're eating your burger, you don't realize there's a couple dollars if there for the to go materials for everybody buying it to go. costs will come down because of

the fuel situation so much of the cost of goods are related to transportation costs and fuel costs and what it costs to actually grow and bring those products in. that's a huge piece of this puzzle as well. now, whether this happens immediately and i think people are going to jump on him and say, oh, look, the costs haven't come down and he didn't do his job. might take time but as i mentioned, a lot of this is also about the emotions and the day that it was announce that had trump won, i talked to restaurant people across the country and their sales have skyrocketed over the next three to four days and seeing the same thing with the stock market, which is very emotional and we'll see a lot over the next month or two and hopefully he can start moving on the other stuff. stuart: that's fascinating as soon as trump win was announced and people started eating out again? we have two polar differences coming to the candidates from a

economic per spect and i have that is, look, as we see by the vote, the world is excited about another trump administration and they started spending their money. stuart: trump restaurant boom. ain't that something. andrew gruel, appreciate it, see you again soon. thank you, andrew. a texas owner jailed because she stayed open during covid. she ran for congress and won. lauren: she won texas state house seat with 78% of the vote. yeah, you remember, she defied covid lock downs and opened her salon and served seven days behind bars for it four years ago. >> well, in 2020, i owned a salon and i still own the salon, but we shut down for about a month during covid and then after about a month, my hair stylists were calling me saying i can't feed my kids, i don't know what to do. we made the decision to open back up and i ended up in jail. wasn't super political before

any of this, but i'm like, you know, somebody has to do something about this. so we ran for our first office shortly after that. lauren: she lost a few elections before ultimately winning that north dallas district and she'll be on the show tomorrow. stuart: good and got 78% of the vote? lauren: nearly 78%. amazing. stuart: called a landslide. thanks very much indeed, lauren. markets up 350 and now the trivia question. which year did armests day become veteran's day? 1942, 46, 50, 54? that's a tricky one. not sure, england 11th hour of 11th day of 11th month is armist day and veteran's day is a different beginning. lauren: you were alive for two of the years though so you should show. stuart: okay. we'll be back with the answer in a moment.

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what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. stuart: which year did it become, actually were first. >> i thought it would be 42 or 54, one of the other but i will go 54, 1954. >> i will second that, 1954.

>> a medical 1946 after the end of world war ii and wouldn't you know what 1954, the holiday began in 1919 to honor the men who fought in world war i and under eisenhower the administration the holiday was expanded to honor all veterans 1954, a quick check of the market, we still have a rally going on for the dow industrial up 370 and look at bitcoin 84000 and change, closing in on $85000, happy veterans day in respect to all of those who served, my time is up regrettably with a great run on the show, look who's here in five seconds, david asman is going to appear on your screen, he will take it over with "coast to coast". what a wonderful show, thank you very much for that i appreciate it this hour on cavuto "coast to coast" the new