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 week with

president-elect donald trump for the first close above 44000 ever, bitcoin topping 84000 and let's take a look at tesla elon musk stock adding to the postelection game around 8% right now, good day for the markets. i'm david asman in for neil on this veterans day let's get started. >> first let's dig into today's market rally with former investment banker and you will owe nothing author carol roth and madison ventures partner strategy officer mitch rochelle, great to see you both, thank you for being here. how long does the trump rally last. >> this is an excellent question. obviously enthusiasm is a bit self-fulfilling and for me as you know somebody who follows

small businesses and medium-size businesses looking at the fact that this is broadened out that we have seen the tech companies not be the only winners yoga rustle up 1.5% today following a huge week last week, this is really great and means there's a lot of enthusiasm about the domestic economy particularly since a small and medium-size businesses are focused domestically. if we can keep the enthusiasm broadened i think this can continue on for a little while, the biggest issue that we face is issues with the physical foundation and certainly the biden here's administration that will make it as difficult as possible for president trump coming in to get over some of those hurdles. i think it will be a back-and-forth but for now soaking in the enthusiasm which leads to investment in hiring and a lot of great things. david: experts at one of the best stock forecasters i know is ken fisher on the show quite a

bit. he said no matter who gets elected historically speaking this year because he went back and looked at all the historical ins and outs and said that she whoever was president would get a good run the first few months of the presidency or the first few months after the election but with the agenda that donald trump has markets are betting we will have an incredible growth spurt, no? >> they are and certainly this is enthusiasm but i think we can go back to 2016 up until the copenhagen to get a case study for how well markets performed when you had an administration that wanted to lower taxes and deregulate government bureaucracy and i think that's what small businesses in capital allocators in general are most enthusiastic about and driving the market right now is the fact

that we have an administration incoming administration that wants to cut out government red tape which is the worst thing for those who allocate capital they cannot get the money to the intended target. >> absolutely it affects real estate how when asking a after i go to carol first and talk about the real hot stocks and let's start with bitcoin, it is up 10% today, of course there's been enthusiasm expressed by donald trump for the crypto and many people are thinking somehow bitcoin is going to be able to cash in, do you? >> i have to say, as you know i've been neutral on bitcoin and we have not owned any up until a few weeks ago when we took her first bite of bitcoin, a virtually had an opportunity in the latest rally it i think there's two sides of the story one side that bitcoin is likely to face less regulation and be more accepted under a trump administration but also going back to where i started with the

issues around the physical foundation in the concerns over time we will face increased inflation and perhaps inflate away our debt if were not able to grow enough to ride the ship. i think bitcoin is speaking on both of the sides and that's what you see huge rally. david: finally real estate the first time i spoke to you in the first five or six times about real estate now we have a real estate developer as president again, what do you think could he be able to turnaround the real estate slump we've been in for a few years now? >> this is my hope whatever the tax bill that comes forward will restore the deductibility of property taxes for americans that got washed away in the tax cut in jobs act and the politics of state and local taxes.

all americans who own homes pay property taxes. if you want to create an incentive for homeownership not a stimulation of the demand-side like the harris camp but an incentive for homeownership and bring back the deductibility of property taxes. >> i love you distinguishing between the two proposals one by trump one by harrison i agree the truck proposals seem to be more serious. great to see you, this week senate republicans will be voting for their next leader, very important decision and elon musk quaintance throwing his support behind florida senator rick scott fox news senior correspondent chad pergram is live on the capitol hill with the latest on this. >> afternoon one of the big debates about the leadership race will be about recess appointments they are not automatic and under the constitution both the house and senate must vote for the same adjournment resolution that permits the senate to be up for more than three days. republicans are reviewing their

leadership options and few are chipping their hands. >> we will pick a leader who will advance president trump's agenda, this was a really simple message from perfect but the other side is crazy and president trump is going to do things differently and we will pick a leader who will help them due to. >> president electron is not endorsing a candidate by his ally elon musk is backing rick scott. musk called john to the top choice for democrats. gop senators have expectations of their next leader. >> here's what they better do, they better work hand in glove with president trump, this is president trump republican party of the american people elected a new leader with a mandate, that means the next leader of the senate needs to have his ear to the ground listening to president trump.

>> jd vance can vote in the leadership election. he remains a incoming senator like dave mccormick of pennsylvania can also vote for a leader even though he's not allowed in the orientation meetings yet. pennsylvania democrat bob casey has not conceded his race. >> i'm not going to talk about the pros and cons of the different candidates but what i would say the mandate is clear and they all said they'll be in step with president trump and we have to be because we need the change we cannot be incremental. >> it is about the math the winner needs an outright majority of senate republicans voting we expect 53 republican senators next week voting. 27 is a magic number if no candidate gets 27 the top two vote getters proceed to a second ballot. david: it is about the math i've heard that before.

read to see you, thank you very much, let's get reaction from former georgia congressman and we should mention air force chaplain iraq war veteran and a colonel in the u.s. air force reserve doug collins. i have to admit i had no idea you had a strong veteran past that is terrific stuff thank you for your service and we should mention you are the first of three veterans we have on today and we also have gary to talk about what he's doing for the veterans. were taking notice of veterans day here. the transition has already begun we have some announcements, one of the first ones i heard was tom homan who would be a borders are and proud to be a borders or not hemingway from the title. he was on with varney moments ago i want to play a soundbite and get your reaction. >> i can't stand on the stage and completed about the border and what a mess, the fentanyl deaths the terrorism the sex trafficking then the president calls me and says i want you to fix it, i can't say no to that.

the president of the united states i am emotional about t this, i've been doing it for 34 years and the president needs my help and is going to get it. >> i love this guy and i love his appointment in his heart and soul is intimate. i cannot think of a better appointment to begin with. >> tom is a good friend and i got to know him for a long time especially over the last few years as we watch the destruction of our southern border by the sum administration. if you want to know there's a new day and life in d.c. that showed it donald trump is serious about the border he said in his last few speeches. i was with and what he said he consider the immigration problem is the number one issue as it would fix the economy and inflation it i think is right. tom homan you already know it when they're looking at him they know that were serious about closing the border.

david: is not disclosing the border it's a lot of criminals and got into the border who were not vetted by the biden administration. how successful do you think he'll be in doing that because a lot of the sanctuary city they're not going to cooperate with ice. >> here's the big thing you want to help the federal government they can do it without federal dollars that has to be something that can be understood. if you want to do on your own i respect that what you can do it without my tax dollars and anything else. the federal government has a responsibility for the border and it's time to put ice back in business doing what they're supposed to do and removing the criminal gang and those who should not be here and not here legally that's what has to start. homan will give the top-down effect that this is a priority which is not in the harris by dinner administration. >> let me talk about the deep state and specifically what i mean the bureaucrats in the government who are violating the hatch out by playing politics we

saw another example of that, fema official who was telling people to avoid houses that had trump's signs and she's been called out for i don't what will happen to her but how successful do you think the trump administration will be and weed out people that are using the bureaucratic post to play politics. >> that's going to be the biggest issue and donald trump had four years to think about the he saw when i was in congress had to deal with impeachment in the federal bureaucracy fight him every moment. this is something prepared and i think you look at and a lot of positions that are not filled we talk about government efficiency, there is a lot of the top levels that need to be very much looked at and do they need to be filled or not and if they do they need to be filled with people using the role and the responsibility properly, this can be done don't let the left of the media tell you it can't it can be done and it needs to be done these agencies are bigger than they should be in many cases and if they are the right size or not they need

to be doing their job not the role of congress. they don't need to be unelected bureaucrats making the rules turning down our economy. david: the giving me a rabbi have to ask you a final question, elon musk is in the entire department should be eliminated. the primitive education has been singled out it sounds horrible to eliminate education but listen to their mission statement the eating mission to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. i can't think of an absolute for any other administration or any other department within any administration then there violation of their own mission statement. >> exactly so many of those in the department of education have never been in the classroom. time to move the money ever going to use it move it out of there put it to the states in the classroom and let the teachers who my wife was for 31 years let them do the teaching.

david: absolutely. thank you so much it'll be a very exciting time around here. i appreciate your service, i want to bring in the incomparable fox business senior correspondent and author of the best-selling book go woke go broke charlie gasparino's here. first of all a lot of people in the corporate world have been reading your book they have been taken a very different stance than the one that had a couple of different years ago. he wrote a piece for fox business lessons for ceos on donald trump what should ceos think about the world under president donald trump. >> i wrote it with my agent jonathan berlinski literary agency he was half of the idea for go woke go broke and is pretty simple when jeff sonnenfeld from yell says protested voting law, don't do it. >> it turned out to be pretty

damn good. remember the ceos they pulled the all-star game out of it. that was part of it because georgia had the voting laws that made it marginally and didn't make it more difficult, to describe it insured integrity if you look at the law. some ceos like ken and frazier from merck info came together from yell and said let's do something about this because we biggest discriminatory and obviously it's not. i think if your ceo. they have 100 ceos to sign this ridiculous letter i think in 2021 and i like jeff but i'm telling you this is not what ceos should be doing they should worry about shareholders doing stuff within the ethics and legality in hiring people based on meritocracy standards not gei and if they do that they may be

able to tap in to the economy coming under trump it'll be an interesting economy. yes smart people running it, a.i. will be pushed, crypto will be pushed or at least it's not going to be held back from a regulatory standpoint. here's one thing that'll be pushed the revolving door between corporation in the white house i think that is gone and that's a good thing we don't need a liberal board cat working in various agencies. i think there is going to be this is a reckoning in terms of what's going on in corporate america and waukomis. the last part of my book foreshadow the whole thing, now it's on overdrive and i'll tell you if you jamie dimon and you want to be a platinum member of the human rights campaign a left-wing far left group that's for transitioning children almost. he does he's a platinum member.

i believe they gave money, i asked his prg to give money to the human rights campaign which essentially has gone out there and protested trump they didn't even campaign against him, then you will be called and he may lose customers because of. >> i went to squeeze this in the battles whether or not donald trump will try to fire jerome powell, putting that aside some people are going a step further, elon musk says eliminating the fed going to a currency board system what do you think of t that. did elon musk say that. >> the currency board is my suggestion but he did call for the elimination. >> we hold the fed at a high. i'm a perfectness in wisdom, let's be clear the fed was created by a congressional act in 1913. the founding fathers debated stuff like the fed having a national bank system.

laws can be changed and by the way the fed gave us inflation then in conjunction with joe biden printed and spent money. >> you sound like you're up for it or considering. >> trust me he does not want me. >> congratulations on the book and article and pushing the whole movement is doing the corporate world a lot of good. art laffer is firing back against president-elect terrorists will ramp up inflation, he will explain that next. ♪

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david: trump tough on china trade policies coming together as he prepares to take office leaving the world on edge after vowing to implement major tariffs on chinese imports edward lawrence troy to be now with the very latest. >> president or president-elect donald trump plans to add 60 - 1 100% on certain items coming from china to force china interfere trade practices with the u.s. currently china will

not let u.s. products freely sale in the china unless they take on a major chinese partner who will have access to the intellectual property the chinese communist party steel technology under regular basis and imposes tariffs and other market barriers, trump national security expert say trump knows how to handle china. >> he will also run the white house as a foreign-policy center of the universe. he will not differ to nameless faceless bureaucrats in this agency or that agency he will run the policy himself with people he knows and trust. >> taken the tariff policy is that for the major members revoking china's permanent normal trade relations status which allows free trade with the u.s. and low tariffs. >> i been saying that and on your chauffeur sometime we need to decouple from china we are funding the instrument of our demise and we need to stop it.

i wholeheartedly agree we should end china's preferential trade status. >> revoking that would force the chinese into making a trade deal with u.s. to continue to do business. the chinese foreign ministry says president xi called newly elected president trump offering congratulations over the election and to warn them the u.s. would gain from cooperation in losing confrontation these are the same's warnings that we heard back in 2020 right before china signed onto the phase one trade deal that was negotiated under the first president trump term. david: thank you very much here to react to this and a lot more former reagan economist inventor of the laffer curve and presidential medal of freedom recipient and a lot more than that, art laffer joins me now. thank you for being here exciting times i want to play a tiny soundbite from rick scott who could be the new senate leader about his economic priorities, roll tape and will get his reaction.

>> we want a balanced budget we have to start today to get a balanced budget we have to have a plan like what you do business. i really company with 285,000 employees with a written plan for everything to get it done. >> rick scott once a balanced budget and a lot of people still is not compatible with donald trump's tax cuts because they will cost money to which you say what? >> no they won't they won't at all. if you look at rick scott he is completely correct the way you want to bring a balanced budget is not by raising tax rates you will lose more money not make more, the tax cut and jobs act paid for itself in the first two years but what you need to do is bring spending under control and that's what rick scott wants to do and elon musk and most of all that that the president of the united states wants to do as well. rick scott is complete the correct cut spending don't increase tax rates because it

will pay for itself. david: a lot of traditional economist those who don't look at the past history on tax cuts say very differently. neil kashkari president of minneapolis fed said this the other day. >> let me ask you a little bit about president-elect donald trump's plans. he wants to go big on the tax cuts, do you believe or someone who crunches the numbers and looks at the inflationary impact that all of it should be paid for up front? >> that's going to be up to the administration and congress to decide in setting aside the specific plans administration generally speaking tax cuts are paid for its less likely to affect inflation of tax cuts are not paid for were likely to increase inflation. >> the question if you have to pay for something usually it cost you but if you look what happened after the five years of implementation of the trump tax code in 2017. in the five years we had

increase in revenue of 48%, it did not cost money it made money. >> it also did not lead to inflation we have low inflation. when these guys came in and 2021 and we really expanded the monetary base, kashkari organization expanded the monetary base dramatically and you saw the inflation come in a huge increase in welfare spending and social spending which cause people not to work and cause inflation. it's very, very clear and i don't understand why they don't get it. they also say the tariffs that trump is talking about would cause inflation. tariffs are only 14% of gdp. if your static terms that would be minor there only talking about targeted on china and a trade is a said what doesn't come from china will come from vietnam and south america and somewhere else it will not have a major effect on all things it

will relocate on the supplies. david: let me push back a little bit the former editor of the wall street journal wrote off how trade tariffs of the 1930s because the depression, because the great depression worldwide, don't you agree there is a danger in a risk of tariffs getting out of hand? >> there's always a danger but not the one that trump is proposing not right now. if you look at what we did with the smoot-hawley tariff that was a complete different story on everything that came in trade fell by 90% in the stock market collapsed it was a terrible situation, this is nothing like that this is getting china to the negotiating table to negotiate free trade deals as it worked with china and the first administration under trump and worked beautifully with usmca and worked beautiful with japan and south korea and it worked beautifully with brazil and

ecuador and he needs to bring them to the table to negotiate freer trade these guys don't know strata from sikkim i'm sorry they don't they don't understand what trump does and how he knows how to negotiate and cut taxes in the understand stuff that we professors do not get it when he talks about negotiation i cry, i think it takes a phd in economics not to be able to understand. david: very quickly these people at the fed. david: we've almost run out of time but the corporate tax cut would lower the rates to 15% if you manufacture here. they used to be a ross perot of a sucking sound of cavities leaving the united states for mexico. do you think companies it will be the sucking sound in reverse they will all come here as a result of the 15% rate? >> they came here after the first tax cuts and jobs act when he lowered it to 21 and when he gets a competitive at 15% they

will be coming back in here as well why not go to the low tax production and make your product we have high-quality labor and great government. good to see you congratulations on everything. coming up actor and humanitarian is going to be joining us to discuss what his foundation is doing to help ex-service members is veterans day, stay with us. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools,

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. . . david: you may recognize me from movies or television my life's mission has been to honor and support our nation's veterans servicemen and women, first responders, the most severely wounded heroes, the families of the fallen and those suffering from the invisible wounds of war. >> on this veterans day gary sinise has a mortgage free smart home to whatever nations most wounded heroes. he joins us now. i am the father of it. there a lot of veterans who you don't necessarily touch personally but are so grateful for the work that you do. thank you for devoting your life to the veterans because it's such a noble cause.

joshua hargis i hope in pronouncing his name w right tel us about him he is a guy your house to your foundation. >> thank you for having me i'm actually here at joshua's house right now all this gave a mature him and his family saw the house for the first time this is part of the rise program at the gary sinise foundation is stands for restoring independent mpower and its and i had the pleasure i live outside of nashville in this home is built in nolensville tennessee. a great pleasure to come over here this morning and walk the house and the property with joshua and his family the u.s. army ranger was injured in 2013 suicide bombings all of that he lost for teammates he was a k-9 handler his dog johnny was lost

at the same time he's given a lot for his country he was injured and lost two legs. his family has been going through a lot and these families can struggle with the housing that they have and we want to provide them with an opportunity to have a mortgage free stressless life by not having to worry about the mortgage and where they're going to live in getting around in a wheelchair these houses are designed for them and here we are and veterans day at the 94th home to the great american joshua hargis. >> there's a lot of different ways the physical injuries are the most obvious but the internal by folks that come home and the fact that they survive and a lot of their bodies did not survive, sometimes you can be perfectly physically okay but

have the depression that results in the worst occasion in suicide and the numbers are staggering, the va estimates that 8000 veterans commit suicide every year. of course there are drug problems and everything to get involved. how do we approach those problems the problems of those that are fortunate enough to go through war without physical injury but suffering terribly from emotional distress. >> can be a very difficult challenge because sometimes there are no signs, you heard the stories were the bodies of the family say i have noisy when he was going through and he never showed any sign and the next thing you know they take in their lives, it's a difficult challenging problem and we have several programs of the gary sinise foundation mental wellness programs and healing retreats and all kinds of things

and find to attack this problem could be proactive but it really is up to battle buddies to recognize the signs and again, to point the struggling servicemember towards healing programs with the gary sinise foundation. david: earlier this year you lawsuit important part of your foundation and a part of your life, your son back sinise. he died tragically of cancer of a much too young age but he was a part of the foundation, does his loss mean more to your foundation as a part of your life? >> is a very difficult thing i spent multiple years trying to help the families of the fallen heroes and families that have lost loved ones, parents of lost

a child, spouses who lost the husband children who lost a father mother that can be difficult but now we find herself in the same spot he was very dedicated there dedicated to the gary sinise in a musician and a great composer and just today were releasing an album of music on the gary sinise foundation.org is an album that enacted a record of resurrection and ivo never putting out part two. the story is there on the website and all the proceeds go to the gary sinise foundation. >> was very dedicated he would've been one of our young leaders had he not had to face a cancer fight we miss him so much more grateful for the support

that we received and the people that are buying the record in helping the gary sinise foundation out. god bless his soul in the work that you do. it means so much to so many people. thank you for being here. >> i appreciate you, thank you for having me. >> boxes partnering with u.s. vets making camo or cause to prevent inputting into veteran homelessness in the united states, join us to solve the problem shop for the great camo gear go.talk/u.s. that or scan the qr code and share on social using # honor u.s. that. coming up the handoff to president trump in january expected to change relations with israel and with iran, what were learning about recent talks between benjamin netanyahu and trump, that is next.

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we really like trump we think is good for the war and soldiers and how to bring the back. >> i'm so proud we just witness

the most extraordinary when. it's so good. >> israelis reacted to president-elect trump's when with the election settling in the u.s. is really later benjamin netanyahu has spoken to the president-elect several times since election day and he and trump see eye to eye when it comes to iran how will trump selection impact the tumultuous middle east region former blackhawk helicopter pilot lieutenant colonel darren gal luft, thanks so much for your extraordinary service in the military on this veterans day we appreciate that above all else thanks a lot let's get into the nitty-gritty specifically with iran the iranian government let's say that the iranian people are holding her ballgame, i'm sure most of them at least a huge minority are against the government as well, they are the enemy of this president-elect they send out an assassination squad to try to kill him.

how is president trump going to deal with iran. >> thank you for having me on it's an honor to join you again. first of all i think you identify the key point. the government of iran hates america as much as it does israel and frankly the biggest changes going to come into the trump administration rather than having abide in administration is about 30 - 50% back in israel and all the israel is capable of i think trump is going to give israel everything that it needs to be successful against thomas, the houthis, hezbollah but ultimately as it's mentioned here the biggest target being iran there more than capable handling what iran can bring forth with the full backing of the united states and ultimately local allies who will come alongside of this. david: we know israel was reluctant to share any of the battle plans with the biden

administration because it had very different ideas on how to deal with iran another problems in the middle east do you think now israel will coordinate and share with us a administration of what their plan of action is. >> i do ultimately but that remains for now the highest level and there are number of people. in the intelligence community who could get a hold of things and still share them in a way that is an attempt to undermine trump because real loyalty is elsewhere and i have no doubt benjamin netanyahu laid out in the concept for the most part with trump already and he said everything that you need to do they both fully agree iran cannot go. >> finally it has to be quick but i'm just wondering about the abraham according whether or not

that will expand you mentioned other arab nations in the region, could saudi arabia be the next in line to be included with the abraham according? >> i believe they could be peace and prosperity is very addictive and as abraham accords a successful i believe others will see that and want to join because it's good for them and the people of the nation. >> colonel thank you for coming in and thank you for your service to this country. i appreciate it. you are welcome, have a good day. david: our next guest says turmoil overseas is more region to unleash america's energy potential in pursuing all of the above energy policy former secretary under president trump and we should mention nuclear submarine veteran paul dabber joins me now what was your rank in the navy. >> i left after being a lieutenant and after operating submarines. >> that's a tough service thank you for that. what about that the connection between energy production in the

united states and what's happening overseas do you think that had something to do with our loss of a leadership position in the middle east affairs. >> under president trump we went from the largest energy importer in the world to now because of all of his approval on lng that he did to the largest energy exporter. under his leadership in the national security point of view the shift from being dependent on the middle east to leading the world under what he did and reasserting that is obviously very key for national security which is an important topic for today. >> liquefied natural gas came under fire for the bread administration and they are now before they leave office working on the study who may put a monkey wrench in the new trump administration plans to get rid of the pause on liquefied

natural gas, what can you tell us about that. >> lng is the cutting-edge of us reasserting national security around the world. and if he was just listed it would be about a million jobs created in the united states and 300 billion of economic activity, dollars of economic activity and. economic impact to the united states from lifting from what they decided to stop is tremendously important for the economic well-being of the united states, leadership and national security topic. it's a cleat is fossil fuel that we have. what really killed me the paris accord something that he telegraphed he will be getting out of again, divided a administration got back into it, for under poor country suffer the most from a lot of you from

the green energy plans, they can be the beneficiary of the natural gas, canaday rather than being forced to burn. >> absolutely, natural gas is an extremely clean fuel the u.s. leads on the topic and the alternative is to build other plans that are much dirtier by communist china, it doesn't make a lot of sense for the environment of which president trump with clean air and clean water, he led the world in clean air and clean water when he was president and expect that will happen and that's very helpful for the emerging markets rather than communist china. >> great to see you and you would serve if asked to come back into a new trump a administration. >> it was an honor to serve previously and to help accomplish what we did. you would do so again? >> i'm here to support president trump if it's appropriate.

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david: the markets are plotting veterans, the nasdaq has been a negative territory but not too much let's look at bitcoin it is surging on postelection jubilation is up over 10% ted and how percent, over $84000 for the first time ever teslas getting a nice pump, over 6% over six and a half, 6.5% on tesla, donald trump media is doing pretty well as well, that does it for us it is time for "the bottom line", take it away. >> david asman thank you so much i am jackie deangelis. >> i am lydia hu entertain the rigs. brian: i am brian