nt. stuart: it is about to happen. donald trump has arrived for his meeting with house republicans. after he is done with house republicans he will go to the white house to meet with president biden. we have eyes on this throughout the day and throughout the show. it is a historic day. check the money, 10:00 eastern time, we have the dow industrials up 60. the nasdaq is down 13 points. i will call it be 9 news on inflation. it took up a fraction. not much market reaction. the 10 year treasury yield coming in at 4.40%, the price of oil not doing much.

it is down to $66 a barrel. bitcoin strong, new record high, $91,578, a new high for bitcoin. donald trump is assumed to be very crypto friendly. what have we got? the best way to describe the administration that's taking place is trans formation all. he is transforming america's government and has done it remarkably quickly. the election that changed everything was only 8 days ago. pete hegseth, the defense secretary. nobody was expecting is that. our viewers know him as fox anchor and frequent guest on this program, decorated veteran who has written about the corrosive effect of the military's woke programs.

vivek ramaswamy at elon musk will run a new department of the government efficiency, dogthe. these guys want to cut the bureaucracy making public all the wild spending that has become part of political life. they will tread on toes when they cut projects across the land. tom homan, the border czar reporting to the president, fuming about the open border for years. now he is going to close it. marco rubio takes charge. his family fled communism in cuba, he's hard-core against air and at hamas and pro-israel. this is a rapidly moving story. the president-elect will address republicans in congress, lay down the law and insist on unity. if he can pull that off, that will be a shift from the ugly divisions of the past.

donald trump sits down with president biden. who knows what will be set on either side but they will appear very briefly for a photooptical. fascinating to read that room, the president squeezed out of power, loathing his opponent and the president-elect quickly assuming power. watch this unfold. i use the word trans formational to describe the administration. >> reporter: specifically doghe is my focus, these appointments are fascinating especially pete hegseth but when you look at what's will transform our economy going forward, taking with some estimates $2 trillion out of government waste is the thing. bridges to nowhere happen on the republican and democrat side. the taxpayers money, to watch what they are going to hopefully do could transform,

to use your word how our government moves going forward so it's not the ordinary course of business to say government waste. not anymore if they can accomplish their goal and we could become like you and i run our budgets the united states will be on the right road to balancing the budget. stuart: we had eyes on the president-elect, now we have eyes on the senate, they are voting. >> looks like steve scully's. stuart: they are waiting for the entry of donald trump. to see if they can impose unity. i want to talk about the department of government efficiency. a great idea, huge plus if you want to cut spending. >> let's go why we haven't had it yet. the people in dc sucked off the

government dole, whatever you want to refer to it as. that won't happen with these individuals. you have vivek ramaswamy and elon musk, the wealthiest person in the world who will treat this as our business the way it should have been run, not as an opportunity for everybody in politics to make bucks for themselves, that line of work, you want to serve the people and everyone has gotten rich. hopefully these two can end pork politics once and for all. stuart: a tense moment between kamala harris and joe biden. they were seated next to each other at the veterans day ceremony and seem to ignore one another. put that up please. that -- there is donald trump arriving talking about what's on the screen now.

>> there is donald trump. not much more to say. there is frosty and us in the white house, the democrats are in trouble because they are divided. stuart: donald trump has arrived on capitol hill meeting with house republicans. i believe he wants unity to push through his program. elon musk is with him. he will tout musk as the one who can cut spending giving leeway to tax cutters in the house. if you can get unity in the house, off and running. back to the markets. the nasdaq is down 52 points. what areas. listen to trump. >> a lot of good friends in this room. you know we had historic kind of numbers.

the house did very well and i think we are responsible for helping with 31, we could have lost by quite a bit and if you are looking at five up. doesn't matter. we get used to one for a little while and you can get used to anything. i want to thank everybody. we worked with a lot of you to get you in and you helped me too and my numbers were so they say 129 years the most important election in 129 years. that's pretty good. what was that? 129 years ago. it started at 100 and they upped it to that but to win the majority by 7.1 million, republicans aren't supposed to be winning the majority.

we won that and we won it, all seven swing states by a lot. to michigan was great, couldn't be better. michigan was great. we had a couple people, new jersey, a few points. they say next time we go up even a fraction of what we went up, you win new york, new jersey, places that weren't winnable, california too. i think without one speech without campaigning at all in california. stuart: we have a little -- i think we can get it back. the camera is all over the place. getting seasick. the president-elect is still speaking addressing house republicans.

i think he is going to ask for unity, try to out elon musk to show we can cut stuff here, cut spending across the board. we've got -- what have we got? lauren: when he came the first time to office. we don't have it back. there was a situation where he didn't know how dc worked and congress people and republicans weren't all on board with him. he has support and campaign with people coming into the next congress. they are trump people weather in the senate or the house, that will help him pass his agenda, you won't have individuals on the republican side that go against him. there may be a few that don't go along with his agenda. looking at one in california. by and large if all three branches are in lockstep,

judiciary, if the senate and the house and the presidency are in lockstep that bodes well for passing his agenda and that's why unity in the aggregate is important. stuart: the most important move in the financial markets is bitcoin. 90 one thousand dollars a coin a coin. that the new high because a president-elect who is very pro-crypto and elon musk, installing work for donald trump, crypto guy himself, you've got crypto going straight. ethereum is up and dogecoin, the department of government efficiency, up 150%. lauren: can it go to a dollar? that was a joke, mean the coin, the department of government efficiency is being taken seriously.

stuart: this is a historic day, donald trump appears for unity to house republicans and then he will meet the president of the united states with whom he has exchanged insults. they will sit down to gather. we will get a tape of that meeting. i want to read that room and see what expressions there are. i believe the president loathes donald trump. i wonder if donald trump will forgive the president for all he said about him. lauren: they will talk about ukraine and what biden thinks trump should do because he has left him a mess. stuart: what tact is donald trump take? >> those he appeal to the 50% of people who did not vote for him who thought he would be the end of democracy by acting in a manner that if joe biden can't say i had a bad meeting with the president, donald trump comes out like a win or at the same time donald trump could say it was a horrible meeting.

stuart: i believe the president-elect has ended his presentation, still at the podium, lost the audio. he is still going. wish i got the audio. would love to know what he is saying. look at the markets. we turned around a bit, the dow is up 37 points higher. not much price action on the stock market i call it fairly on the consumer price index. not having a traumatic effect on the market, dow is up 30, nasdaq down 49. bitcoin, back to that, 90 one thousand 300 and rising. there are crypto players involved, a mixed bag. coin base is up a fraction. math and digital, grayscale bitcoin up $1.43.

micro strategy is up 4%. they hold a ton of bitcoin. donald trump promised to revamp the education system including a move that could dismantle the department of education as we know it to. take us through the changes trump wants. >> reporter: he wants to dismantle the department of education. as a sign of his commitment to that plan he surrounded himself with some who share that vision, vivek ramaswamy who pledged the same goal when he was the gop primary candidate. he has another cabinet position, clearly and trump's orbit. ryan walters, here's what he had to say. >> abolishing the department of education is the path forward. donald trump laid out of vision, send it back to the

states. the states will find solutions. >> reporter: a laminating the education department would require congressional approval of that could be tricky. some say i cutting the department's near $240 billion budget could gain more support and further another trump plan, expanding the school choice movement nationwide. that gained traction over the past 12 years, 12 states have universal school choice and trump wants every american parent to have access to tax credits for private or homeschool. this is making unions nervous, major teachers union after trump won reelection the american federation of teachers, the president there, randy weingarten said the union, quote, must fight the means and agency to secure a better life and public education and growing labor movement are more important than ever. not clear whose tapped for the cabinet position of secretary of education.

i asked ryan walters who told me he's focused on the kids and schools in his great state in making trump's plan a reality. stuart: betsy devos joins me now, trump wants to abolish the department of education. habit education look if it were abolished? >> let's be clear. he wants to support education. and support kids and their families but illuminate the bureaucrats. there are plenty of bureaucrats that should be eliminated. they have had an agenda that has not been aligned with students needs but with adults needs. the department of education was a payoff to the teachers union starting in 1980 so i am -- 1979 by president jimmy carter. it is focused on adult issues and adult needs.

an outpost or in post for the union movement over all of these 40 plus years. the focus on the part of the next president is on kids and what is best for kids. stuart: how do you take on the teachers union? >> continue to provide options and choices for families as many states are doing across the country. where the president and congress can come together and form a federal tax credit to come along these programs, states that already have it and to give options to kids in the states that have not made those policy changes is how you can support kids and the best things for their futures. stuart: difficult to reform education where policy is based on the state level and not the federal level. you've got to get over that somehow or other. >> you need to turn those decisions back to the states.

it should not be federalized in washington dc. the needs of kids in a rural tiny vision - village in alaska are very different than the needs of kids in an urban the school in miami. it all coalesced under the department of education as 1-size-fits-all approach and we are finally realizing and recognizing that. stuart: biden has a vast plan of student loan forgiveness. what happens to that vast plan now that we have donald trump? >> the biden administration is not following the law, they keep trying to evade, totally illegal scheme and the next administration is going to refocus on cleaning up the mess that has been left to the

manager getting options to students in their higher ed years that will provide multiple pathways to higher education or education beyond high school, too much focus on only four year colleges as an answer and too much focus on the government with a heavy hand controlling student lending and trying to forgive it for some chosen students while others pay them off and others have not taken out student loans. it's a totally unfair and illegal scheme that was a vote buying scheme by the biden/harris administration. didn't work, not going to work and there's a lot of opportunity for a different pathway going forward. stuart: i believe unionization of the education system was imposed by executive order. executive order did it in the early 1960s. would it be possible to issue an executive order in this day

and age that d unionize is the education system? >> that's a great question. for legal minds to grapple with. it is very clear that donald trump in a second administration wants to return power, decision-making and control to the most local level possible. sometimes that will be states. ideally it is directly to families to make the best and right decisions with their kids. stuart: hope to see you again real soon. thanks for being with us today. what do you think of the teachers union? >> the department of education is designed to help the adults and not the students, teachers union designed to help the adults, not the students. why do we have these two entities depriving children of education of what they deserve.

the focus should be on the students. there's a way to accomplish two things, making sure kids are the best and brightest in the world and making sure teachers make a good wage because their job is really important. you don't need the department of education and don't need unions to do that. i know a lot of teachers whose salaries haven't gone up. look at randy weingarten's salary, she does a good job in terms of making money for herself. look at the unions, they do very well. teachers salaries have not gone up as much as other public-sector jobs or as much as the private sector. if i am a teacher i'm excited for this change because i might make more money with the union out of the picture. when the union gets involved, the kids suffer and the teachers don't make as much as they should. stuart: good stuff. a judge just blocked a louisiana law requiring public school classrooms to display

the ten commandments. what happens now? lauren: the louisiana attorney general will appeal this to the us court of appeals for the fifth circuit. that's a pretty conservative court. some parents in the state sued for mandating public schools k-12 and public colleges display a poster that had to be bigger by 1114 of the ten commandments. that is on display in schools by january 1st. parents wanted religion out of the classroom. the obama appointed federal judge agreed with them. similar efforts in other states to amplify public expressions of faith are often knocked down. i think that's the logjam now. stuart: lauren: brings religion to a secular space. stuart: let's bring you up to speed with what is happening in dc, trump is meeting with house republicans, then he is headed to the oval office for meeting with biden. we will have eyes on him when

he emerges from that meeting and makes his way to the white house. jack smith plans to step down as special counsel before trump takes office. former prosecutor for manhattan da for that and the status of trump's legal cases. we deal with that after this.

stuart: donald trump is meeting with house republicans. he is in that meeting at he will emerge from the meeting shortly and make his way to the white house to president biden, that will take place in the oval office. we will look at trump's movements throughout this historic day. not much price action so far, the dow down 27, up 27, nasdaq down 60. the real action is in bitcoin. a crypto friendly president-elect and crypto as in bitcoin is at 91,80091,900. it is pushing against $92,000 a coin. we have movers on the market. caterpillar is down. lauren: the equivalent of cell. the analyst is worried donald

trump would put in policies that benefit smaller more domestic companies are negative for caterpillar. stuart: palantir. lauren: keeps going up. it was at 63 moments ago. we told you about their deal with amazon, they extended a deal with rio tinto to challenge mining environments. this is a software company using big data for so many. stuart: the background is at least three analysts said it is the best investment opportunity of a lifetime. lauren: it is up 250% this year. stuart: rocket lab. lauren: revenue up 55%, stock is up 40 one%. they have an electronic rocket, the third most used rocket in the world.

stuart: president biden faces pressure to confirm as many federal judges as possible before he leaves office. how many more nominees is biden pushing a 4 oh? >> 25 in the pipeline. the clock is ticking for this administration to get this done before january 20th when the trump administration takes over. since president biden came into office, he has nominated 260 one federal judges, 213 have been confirmed. there are roughly 25 in the pipeline. dick durbin yesterday, looking over this entire situation said he thinks maybe 15 to 20 could get in before january 20th. they need to be confirmed by the senate. it is still it is thought democratic senate. white house press secretary karine jean-pierre wants republicans to help confirm

some of these nominees before the administration the signs off. >> that's what we want to see, republicans and democrats come together as they have to get key judges through. >> reporter: the incoming president says no working together, no judges should be approved in this period of time because democrats are looking to ram through their judges as republicans fight over leadership. when donald trump left office in january of 20 one, he was able to get 234 judges confirmed. dick durbin who is overseeing this says 15 to 20 confirmed a, important to note these federal judges are appointed for life. article 3 judges, their policies and their tone in the courtroom the last decades longer than the president who nominates them. very critical positions. stuart: lawfair and more on that, jack smith says he plans

to retire before trump takes office. of former prosecutor for the manhattan da joining the. trump's cases are just going away. >> reporter: it ends not with the bank about wealth the whimper. he talked to former colleagues who worked with him knowing how competitive and driven he is. stuart: i made the comment lawfair, the use of the courts is a gross failure and a disgrace. >> when the indictments were coming get one after another in 2,003, we asked how much will this hurt trump as he seeks the nomination being challenged by desantis and nikki haley, in retrospect we should be asking is it going to hurt him at all? it helped him. he got a fundraising injection every time he got indicted. looking at the election results it helped him.

stuart: what about the hush money case? it has been paused. what's with that? >> reporter: the judge has to decide the motion to dismiss based on the immunity decision. the trump team has to decide, they have significant legitimate appellate issues but an appeal can't go forward until judgment is entered with the pronunciation of a sentence. they don't get to argue the appeal, it is in limbo unless there is motion to dismiss in the interest of justice which wouldn't be granted unless the da consented. stuart: it just hangs around as long as it takes. >> unless the trump team chooses to allow him to pronounce a sentence. it would not be imposed through the state ending up your but the only way to get that appeal to be heard is if the sentences announced. stuart: is there something special about the georgia case? >> the georgia case was already

a mess looking at years because they haven't begun to consider the immunity impact, still deciding if fani will it has to be removed. it would be years before that goes to trial. now all of that is on hold. are you going to restart the clock with years of potential litigation when he's and 83-year-old former president? stuart: lawfair was a failure in the cases are going nowhere. >> nowhere and where trump was prosecuted he went from 12% of the vote last time to 17%. popularity increased in the jurisdiction where he's being prosecuted. stuart: thanks for joining us. todd with me steel. i think lawfair has done damage to the new york judicial system's reputation. >> the word irreversible. if you listen to what elliot said donald trump won in part

because of how bad lawfair looked in new york and the rest of the country. when you say irreversible i disagree because in order for the judicial system to survive they have to reverse this. latifah james back on her heels, watch the daniel penny case, that could determine if it is irresistible or not, the justice system has an opportunity to be on the side of right and away they were not when it comes to donald trump. we will see what happens going forward but the overall climate in our country is no appetite for what they saw in new york. has to stop moving forward. if not it will be irreversible. stuart: thank you. still had, trump is meeting with house republicans, sources say elon musk is there and musk got a standing ovation. trump told the room he was 100%

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stuart: the president meeting with house republicans which we have sources in that meeting which tell us musk is there and musk, as in elon, got a standing ovation, trump told the room he was 100% with johnson. he's going for unity with house republicans and one hundred% for speaker johnson, i think he will get the unity wants. check those markets, the dow is up 90 points, nasdaq down 22. still a split decision. the action is in the cryptos. look at bitcoin. 9100, it's approaching $92,000, that's an all-time high. tell us what the future looks like under trump.

ashley: according to some, donald trump could be tiktok's saving grace years after threatening to ban the apps in his first term as president was bipartisan law was passed in april saying it would be band by january unless bike dance sold, the deadline could be extended 100 days if a sale is underway, tiktok has sued challenging its constitutionality. the concern is on chinese access to the information of millions of americans, trump says he opposes banning tiktok and according to the washington post trump could urge congress to repeal the law or encourages future attorney general not to enforce it. stuart: a cia official charged with leaking classified

documents about his real's is relapse military plans. sounds like he's working treaty iranians. ashley: leaking highly classified us intelligence, plans for retaliation against iran. the suspect is identified as someone who has been indicted for transmitting national defense information. felony charges that can carry significant prison sentences, he were arrested in cambodia and will appear in court in guam though prosecutors asked the federal judge to move him to virginio to stand trial. it was not clear which federal agency, news outlets including the aap and fox news say he worked for the cia and had top-secret clearance.

the cia declining to comment on the story. stuart: when a cia or government official reveals information to the enemy isn't that treason? >> the question is how did this happen? espionage can happen in almost any administration, the hope is a lot of the things that distracted the government, intel agencies, the same stuff, the work stuff, lack of focus, having other priorities than the job the cia is intended to do, probably not all, not the nature of the beast, you will donate enough the agency get on the right track and restores the faith of the american people in it.

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stuart: right hand side of the screen is the hyatt regency hotel, but president-elect is meeting with house republicans. here's what we know so far. elon musk is in that meeting and got a standing ovation, trump told the room he was one hundred% with speaker johnson. sounds to me like he is getting unity among house republicans and trump said we will carry out the large deportation operation in history. the crowd cheered when he said this. sources say trump is very relaxed and cracking jokes. more on that later as he emerges from the hotel. dow industrials up 86, nasdaq down 42. the real movement is bitcoin at a new record high, just crossed $92,000 a coin as we speak, straight up all day.

you are outside that meeting with house republicans. tell me what went on. >> reporter: donald trump's huddle with house republicans is like a homecoming celebration but also a game day peptalk. trump needs to whip the house gop into shape and in line so he can get his agenda through when he takes office. it's possible once all races are called, he will only have a couple seats majority, not a lot of wiggle room for any defectors. trump today seems confident that whatever majority they end up with won't be a problem. >> nice gathering. isn't it nice to win? nice to win. always nice to win. i guess you will be five up, looking at 5 or 4? doesn't matter. we get used to one for a little while. when you get used to one you get used to anything.

>> reporter: trump's visit comes as democrats in dc are still reeling from their election defeat, some coping by turning on each other. others are in morning. >> my fellow democrats across america, it is natural and appropriate to feel deep disappointment, grief, and even anger in this moment. >> president biden should not have run for a second term. it created problems. doing at the last second. >> what we saw was the entire party supporting president biden's reelection bid, blaming the president, i'm not interested in a blame game, i am interested in solutions. >> reporter: in the senate, republicans are making their pick for senate majority leader, a secret ballots but we will know the winner shortly and house republicans are expected to reelect mike johnson as speaker. is not expected to face much resistance or a real challenger

to that bid. stuart: the president-elect will come out of the hyatt hotel any moment, you will see when he emerges. change the subject briefly. congressman seth moulton has been outspoken on transgender athletes. watch this. >> i was speaking authentically as a dad about many issues where we are out of touch with the majority of voters. i stand by my position, didn't get all the words exactly right but the point is the back lash i perceived proves my point we can't have these discussions as a party. we have a wing of our parties it shames us, tries to cancel people who bring up difficult topics and shames voters. stuart: there is a party split. is the left listening to people like seth bolton?

>> in massachusetts at least. one of the massachusetts congressman said something the 70% of americans agree with and the left in massachusetts growing up and proving his point that they are not able to have conversations that allow them to move forward with voters. look at a democratic firm after this election, social issues were like this, not focusing on economic issues, number one reason swing voters chose trump over kamala harris. democrats have a serious issue. in massachusetts, an exclusive report calls him a nazi cooperator. you have left and massachusetts freaking out including higher education, a tough professor has become this whole progressive back lash against seth moulton. stuart: but the left wants to

lead the democratic party, going for a leadership position like the biden administration. >> reporter: some don't understand this isn't a winning strategy, seth moulton reading the tea leaves understand their needs to be a shift on these social conversations. he has been progressive on lgbt q plus policy voter on commerce measures to protect people protection on housing, education, he's saying we should protect women's sports, keep it safe and fair. stuart: house democrats want to protect some of biden's agenda before trump gets into office. some plans include fast tracking citizenship, getting inflation reduction act funds out the door as quickly as possible to spend it. seems the resistance to trump is underway. >> it is. you see this out of a lot of progressive caucuses in the house. they want to get the money out from the infrastructure bill and all of this.

if you look at those bills it is a lot of social spending, the infrastructure bill, a lot of climate spending, might look like we are fixing the ports, fixing bridges but it is a lot of money going into progressive climate policies. we are seeing the biggest resistance in blue state governors talking about not cooperating on mass deportation. on the one hand you understand them saying we don't want you deporting people who have been part of the community for years, families are contributing but on the other hand in massachusetts they are not cooperating if somebody has been arrested for rape or assault and they've been released back into the community. there needs nuance from these governors. stuart: they are not reading the room, not reading the election which was 8 days ago. thanks for being with us. you are in a difficult position, you work in massachusetts.

republican this, the president-elect has a norm us power. can they stop trump's progress? >> break this into two factions. congress and the courts. when it comes to congress, the votes, ultimately you will win in the end. there are things procedure rally that can gum up the works in progress but push comes to shove it you get and you get a vote. the courts need to focus, you are recovering lawyer. i focus on the courts because there are things democrats can do using litigation to gum up the trump agenda when it comes to executive action, things the president wants to do, the power of the white house. that's why all the lawyers had on staff for the election. i would learn a different type of law and it would be

administrative law. you will be needed to fight back against the democrats. what i would call lawfair against the trump agenda. that's where it is incumbent on lawyers to move through fast. you are only guaranteed two years of controlling dc. we do this again minus the presidency in 2026. make sure you are ready to fight in the courts to stop the democrat lawfair as soon as possible. stuart: you are invaluable and appreciate you being with us today. i see movement, looking at the entrance to the hyatt regency hotel where meeting with house republicans has just taken place. we will see behind the christmas tree, that's not him. some of his helpers and handlers exited just moments ago making their way to their

limousines. the president-elect will make his way to his limo and go to the white house, meeting with president biden, scheduled for 11:00, four or five minutes away. the 11:00 hour of "varney and company" will resume with eyes on the president-elect and eyes on the white house, wouldn't you like to be a fly on the wall when that meeting starts? we will be back with more. ♪ i have type 2 diabetes, but i manage it well ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪

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stuart: the 11:00 hour is here, almost. we're watching all the action. what a day it's been so far. trump's motorcade is on the way to the white house. he just finished his meeting with house republicans. elon musk attended and got a standing ovation and trump told the room he was 100% with speaker johnson. to me that means he's going to get the unity he wants. also said we're gob that carry out the largest deportation in history. the crowd cheered. he's now on the way to the white house. the market reaction was muted and semi benign inflation news earlier this morning. dow up 100 and nasdaq down 40 points. but the action is in bitcoin. look at this. we're now at 92,600 per coin.

it's hit a new all time high as of today. show me big tech, please. that's where the money is. only one winner. amazon up about $3. apple, nvidia, microsoft, alphabet down. 10 year treasury yield. where is that? it is down to 4.42%. now this. who leads the democrat party? at this point, nobody. they're busy criticizing each other and trying to work out a winning policy for the future. meanwhile, the president elect is powering ahead with a whole new raft of cabinet members, advisers, and dramatic new policies. the democrats can only watch from the sidelines. organizing some kind of resistance. kamala harris and tim walz may want to be apart of it but they lost so badly and ran such a lackluster campaign they've been cast out into the political wilderness. there are no standouts in biden cabinet to lead the party.