there's all these different stained glass -- it's a whole replica. basically ors it's like a big church. on the outside of the building right now. it's really cool. if you're in new york, check it out. maria: let's get some final thoughts. michael lee, 30 minutes before the opening bell sounds on wall street, dow industrials right now lower, down 500 points. what is going on here? >> yeah, look, a little bit of fatigue. this has been a great year in the market. if you have cash on the sidelines, these are opportunities because the market's going much higher. maria: so you would buy into this selloff on the dowvilles? >> 100%. maria: earlier, jake you bean that told us one of the reasons was the spike in yields. that could be one of the issues today. guys, it's been a great three hours. thank you so much, have a great day, everybody. "varney & company" picks it up. stu, take it away. stuart: all right, good morning, everyone. bigtime developments on the

border, in retailing and on the international front. that's where we begin. putin is rattling his nukes. last night the ukrainians used american missiles to strike deep inside russia. this morning putin has responded by loosening the rules on the first use of nuclear weapons. he has lowered the threshold for their use. perhaps he's playing on president biden's weakness which was again evident when he failed to show up for a g20 photo op. reporters found him behind a palm tree. that that's not going down well, the dow took a dip when the news was released, and it's headed further south. look at that. dow off maybe 500 points at the opening bell, the nasdaq down another 200 points. gold, that is rallying. it's a safe haven. it's moving up now to $2,638 an ounce. as for bitcoin, firmly above the $90,000 the level, 91,000 and small change. now to the border. president-elect trump says he will declare a national

emergency and bring in the military to help with mass deportation it is. he's sending a very hard-line message. separately, trump has reached into fox for another cabinet if nomination. sean duffy has been named for transportation secretary. the president-elect says sean will, quote, usher in a golden age of travel, end quote. on the show today, we'll be following walmart. they reported this morning. excellent results. profit on revenue went up, customers bought more stuff outside the grocery aisle. upper income earners are still going to to walmart p up $1.32, 1.5%. big day. tuesday, november 19th, 2024. "varney & company" is about to begin. ♪ ♪ let's get it started, let's get it started in here ♪ stuart: let's get it started

with the black-eyed peas. why not? if it's a very big day shaping up here. let's start with this, another administration pick. president-elect donald trump nominating former congressman and fox business host sean duffy to his cabinet. pleasure duffy's been tapped to replace pete buttigieg as transportation secretary of duffy has departicipated fox news media, he makes his return to washington. we wish him the very best. mary katharine ham joins me now. this is not your father's cabinet. business people, media people, young people. have you ever seen an administration taking shape like this? >> no. it's very interesting and it's very guided by trump's coalition, right? and trump's concerns and preferences. and one of the things i like about this one, i should say i personally know sean duffy, worked with him and, in fact, supported him when he had his first run for congress because i thought -- i was a fan of his and rachel's from when they were on the real world. i am of in this generation -- [laughter] and i watched them there, and i

thawrkts huh cool. republicans have, like, cultural figures going into office. so i supported them at that time, something sean reminded me of when i saw him at the rnc. i'm excited to see what he does. on the issue of what he does at department of transportation, i think we all know that we've taken a 4-year course in how not to be the head of the department of transportation from pete buttigieg. so i think that he can use that as guide. i believe that sean duffy would be in east palestine, ohio, when there's a train wreck if that he would be answering for it. i believe that when all of the airports' screens go blue screen of death for a day, that there would be questions about that and that he would deal out consequences to the best of his ability. and then a lot of these hiccups and disasters we've had would have someone responsive to them and, frankly, pete buttigieg has not been that. stuart: flexion one for you -- next fun -- one for you, biden wrapped up his final g20 the summit yesterday. he missed the photo op with

other world leaders. you've got to watch this. >> where was he? they're theming them to the waio wait for biden. he's far left, to the left of the palm tree. >> oh, my god. [inaudible conversations] >> behind the palm tree right now. stuart: mary katherine, this is the embarrassing, quite frankly. is biden still in charge? is he the guy making the decisions like allowing the ukrainians to send american missiles into russia? is he making these decisions? >> i have long thought that he is not, and that's actually one of the reasons, i think, probably a lot of people swung right and pulled the lever for trump, because they felt like someone was lying to them about the condition of the president and whether he was capable of doing the job. a couple of other leaders got left out of this photo, and that sounds like the photographers probably should have waited, but that audio is pretty

devastating, he's behind the palm tree, the oh, my gosh, he's not in the photo. this is not how this should go. i think if it were trump, we would hear a lot about this story, and we won't hear as much because they're kind of desperate to get to the end of this term with him without admitting what we all know and what voters all saw. stuart: i think that's exactly right. mary katherine, thanks for being with us this morning. are look at that red ink on the left-hand side of the screen. dow off 500, nasdaq down 200 points. david bahnsen working with me this morning here in new york. i suspect that the market is down because putin's rattling his nukes. is there any other reason? >> no, that's really the only headline news. and i want to always remind people when valuations are really high and you get this kind of geopolitical scare, the volatility goes up because people are more jittery because you're coming from a place of high valuation already. you can't hedge against nuclear war. you don't go down 500 points on nuclear war --

stuart: what you can do is buy some gold and some treasury securities. >> treasuries usually -- stuart: that's what we've got. >> i think you're going to see some of this but, again, we've seen it before in north korea years ago, and it lasted a few days. i don't think this ends up being something sustainable, but trader get a little scared. stuart: of course they do. walmart reported before the bell this morning, maybe an hour ago. the earnings came in strong. the stock's up 2. what because that tell you about the economy? >> it was up 4% earlier, and if the dow weren't down over 50, walmart would be up -- 500, walmart would be up 4%. it tells you that walmart is executing. s the not a macroeconomic if story. it's a walmart story because of their e-commerce, their execution, their marketing. they're a very well-run business, stuart. stuart: and that's a record high for the stocker or it was earlier -- >> and they raised dividend, 50 years in a row. stuart: that's right up your street. okay. [laughter] i want to talk about trump's

cabinet. it's unconventional by any standard, but can it get trump's economic reforms passed? >> we don't have the economic cabinet yet, that's the problem. i love these energy picks. i loved some of the national security picks. there are a couple i don't. we won't get into those. but economic picks are still coming, treasury, national economic council, commerce. these haven't come yet -- stuart: who do you like for treasury? >> kevin warsh who was a colleague of mine at morgan stanley is being interviewed, from what with i hear. i like him a lot, and i would love mark rowan, the ceo of apollo. as you know, i own apollo, but i know mark well and and his work. they had had some switch-ups. there were a couple of people jockeying for it x they seem to be to on on the outs right now. stuart towt come on in, lauren. elon musk weighed in on trump's candidates for treasury secretary. does trump have a favorite that we know of?

lauren: elon musk has a favorite, and it's t howard lutnick. musk sort of crowd sourced this potential pick. he wrote on x, would be interesting to hear more people weag in on this for donald trump to consider feedback. my view, for what it's worth, is that scott bessent is a business as usual choice whereas howard lutnick if will actually enact change. business as usual is driving america bankrupt, so we need change one way or another. so lutnick up against bessent, the founder of the hedge fund key square group. "the new york times" is comparing them jockeying for that position as a knife fight, and we just spoke about some of these other names that are under consideration. mark rowan at apollo, would he leave managing $7000 billion ins assets -- 7000 billion to work in d.c.? if to you also have tennessee the senator bill hagerty, the former u.s. trade representative robert lighthizer and, of course, kevin warsh. kevin is meeting with trump today, bloomberg is reporting, and hen put scott bessent as

head of the national economic council. stuart: lotter. the other big -- all right. the other big story breaking this morning, last night the ukrainians used american missiles to strike inside russia and now putin is rattling his nukes. that's my expression. this morning putin is responded by loosen loosening the rules on the first use of nuclear weapons. we're beginning to cover that for you, believe me, because it's the really affecting the market. happening today in new york city, judge merchan expected to decide whether or not he'll throw out trump's conviction in the hush money case. former prosecutor andrew cherkasky says this case could stay open indefinitely. he's going to sit down, and we're going to talk to him later. of here we go. ♪ ♪

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stuart: we'd better have a look at, the way the market will open in about 15 minutes. i'm afraid we're sharply lower, down 400 now on the dow, 130 down on the nasdaq. better take a look at the price of gold as well. it is a safe haven. it's on the upside. $2,634 per ounce. this is a safe haven, the need for a safe haven rising after putin's nuclear threat. now look at the 10-year treasury, that also a safe haven. money pours into it because it's safe. the price goes up and, therefore, the yield comes down. 4.37 right now on on the 10-year. david, am i right, these are safe haven investments? you don't have to last for a long time, but today they're a safe haven. >> well, they are. that's not a huge move. again, the treasury's always a safe haven. sometimes people just want to go in the 90-day, but when the yield goes down, the price goes up, and the treasury has been

the biggest safe havens asset for over 100 years in the world. stuart: that is the big financial story the of the day. david, thank you. judge merchan here in new york city may rule as early as today on whether to throw out trump's new york hush money criminal conviction. lydia hu with me now. what do we know so far? >> reporter: good morning, stuart. what we know about this new york city criminal case, it's on pause if since both trump's lawyers and the district attorney's office a, alvin bragg there, they filed a joint request for a stay last week. just to remind everyone, we're talking about the business records case where trump was found guilty by a jury of falsifying business records to conceal payments to michael cohen and stormy daniels. haas week merchan ordered that the prosecutors ad vise him by today how they want to move forward with this criminal case. and so the big question right now is whether d.a. bragg's office will perhaps take this opportunity to wind criminal case down here in new york city. if that's what the doj's prosecutor, jack smith, is doing

with his federal documents case and the january 6th case. he's expected to update the federal courts next month. but here in new york it's also possible that maybe bragg is going to to try to press ahead with sentencing. what distinguishes this criminal case here in new york from the other cases we've seen is that that the here in new york city we had a trial and that guilty verdict delivered by the jury. and those were pretty late sages in the case that the other cases have not reached for trump. but still, trump's defense attorneys are very clearly pushing for the verdict here to be overturned and the indictment dismissed. they're arguing that the supreme court's immight bety decision from the -- immunity decision from the summer and that trump's to president-elect, this sentencing cannot happen. depending on how they proceed, it could force the judge to decide whether to toss this case or resume with sentencing, and then that begs the question are hay going to try to get sentencing before he takes office or just keep this open until after he believes? we're going to find out -- after

he leaves. stuart: lydia, thanks so much, indeed. former federal prosecutor andrew cherkasky is joining me now. what do you expect judge merchan to do? >> it's not so much what i expect him to do, it's what i think he should do, is dismiss the case. and that would, essentially, allow for the opportunity to the rebring the case after trump comes back from being in office in four years from now. that could theoretically happen. but the problem is he has immunity, and the case was tainted by evidence regarding immunity. what i i think judge merchan is going to do is find some a path to just stay this case where it just stays in this position indefinitely. there's other things that he can do. one of the big concerns with that is the fact that we're post-verdict right now, and that means that the court actually has some degree of control. there's conditions of release, they call it, on president trump. that, i think, violates the supremacy clause. while a president is in office, a judge in new york city should not have control over gagging

him or having him report to parole officers -- stuart i'm sorry, andrew, but this is all legalistic stuff. as far as i'm concerned, these people have trashed the judicial rep asian the of new york city. you probably -- reputation of new york city. that's' the way i think. >> well, you're trying to clean up a mess, and we see garbage on the streets in new york all the time. so i think alvin bragg and judge merchan are trying to find some path to maintain the reputation in this case, but this case was gash badge when it started, i think, and i certainly see it that way. stuart: the georgia appeals court has canceled the oral arguments in trump's election are interference case. trump and his team were going to try to disqualify district attorney fani willis. what happens next in georgia? >> well, this was very cure curious. this pawgz of the georgia case. there's also many co-defendants who have this pending case as well, so what's the idea of what

the georgia court is doing? i think they're signaling that they have had enough of this case. maybe they don't want to hear the oral arguments, or and heir ready to make a decision. that would be my guess, is that they're ready to find in favor of trump and the rest of the defendants, otherwise themed have -- they would have finn them their day in court. we have the wait to see if there's going to be a decision that's published without oral argument or if they're going to send this back down to the lower court for some sort of further fact finding or further legal mechanism procedure. stuart: essentially, donald trump, the president-elect, does not face any legal threat, am i right? >> he jefe the -- faces, i think, for the time he's in office no legal threat. some of the cases, the e. jean carroll case and the lee tissue that james case,s how those are dealt with, civil cases a president can be a little bit more involved in than a criminal case according to the supreme court, but that is all according to what he wants to do. if he wants those cases heard

and push those, i think they can move forward. otherwise everything's on a pause until he's out of office -- stuart: and lawfare failed dramatically. >> we'll see if they find a new way the attack him or, but for now p all of these efforts, i think he's been victor crouse on all fronts. -- victor yous with on all fronts. stuart: thank you for joining us this morning. the pennsylvania supreme court just ruled on whether to count undated or unsigned ballot toes. what did they decide to do, count them or not, lauren? lauren: the state's supreme court will not count them. it's a 5-2 democratic majority. i just wanted the point that out, that's important in this decision. they reaffirmed their decision that counties cannot count misdated or undated ballots. election boards in at least three counties, including bucks and philadelphia, had voted to count ballots improperly filled out. the decision is considered a win for the republican, dave mccormick, who leads democrat incumbent senator bob casey by about 17,000 votes.

the recount is underway,s the expected to wrap up in about one week's time with the cost to taxpayers of $1 million and a lot of legal maybes. and dave mccormick already went to freshman if orientation. stuart: it's those lawyers, they make a fortune everyone time. thank you, lauren. check those futures, please. this is important. the dow is down 400, the nasdaq down 130. we'll be back. ♪ if oh, won't you take me home tonight? ♪ oh, down beside your red fire light. ♪ oh, and you give it all you got. ♪ fat-bottomed girls what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like ai. and how the industries born to support ai

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stuart: you want to see some red ink? look on the left-hand side of the screen. cow off 34040 -- 400 points premarket, nasdaq's down 121. david nicholas joins me now. the markets are down on putin, nukes and ukraine. is that right? >> stuart it's a big deal. i think -- i don't aren't say this lightly, but i think we could be seeing the start to the of world war iii. russia-ukraine, israel-iran, and i think you're going to have china-taiwan. stuart: if that's the case, that's a little extreme, but

that doesn't go away quickly, does it? >> well, stuart, what's the solution here? i mean, if you see what the biden administration if did, i think they just amplified the situation by allowing nato weapons to be used inside of russia. putin's not going to take that lightly. this has been my big fear for the markets, the geopolitical risks. the economy's doing fine. it's hard to see how we unwind this. i think trump administration's going to take this serious, but it's a big deal, and it's going to impact stocks -- stuart: and the safe haven is 10-year treasury and gold, is that right? >> yeah. i think silver's a better value, but gold is doing well and also treasuries. you're going to see the -- tlt, stuart, is the long treasury bond. that thing has gotten decimated here recently. i think we're going to see some bids and some buying on tlt which is the 20 to-year plus treasury bond. stuart: bitcoin is fairly firm, above $90,000. is that a safe haven?

>> so i look at crypto, stuart, as a risk-on asset. it's interesting, it's kind of flat, i think, this morning. generally, bitcoin does okay when people concern better when people are okay taking risk. i don't think it's going to see a selloff, but i don't think you're going to see investors run to the bitcoin. you're gong to look to the old -- going to look to the old school safe havens. stuart: nvidia reports tomorrow after the bell. you think think the they're going to do very well, don't you? >> stuart, i have been one of your biggest bulls on nvidia on this program. i think they're going to do well. 25% of earnings per if share growth of the s&p 500 comes from if nvidia. this is a big deal, i can't overstate it. it's all about the blackwell chip. it's the early, but it looks promising. there's bad pr right now on it. i think the chip will ramp up in the fourth quarter and the first quarter of next year. i think we could see a 175 price target on this thing over the next 10-12 months. stuart: you've got to listen to

the call to figure out where this company is going. you have got some picks with trump in office. what do you like? which stocks will do well? give me a list. >> that's right. so consumer, look, the consumer's doing okay, but i think the consumer's going to be a lot better under president trump. of main why why -- mainly why? because statisticses are going down. that's going to benefit amazon. that means the consumer's going to be stronger. i think tesla actually the does better as well. look, a lot of fear of us losing the ev subsidy. that helps tesla. i think that does well. i think we're going to see a surge in m&a activities. that benefits goldman sachs, and i also think we're going see regulatory the burden come off the backs of google and meta, and i think you're going to see corporate advertising doing well also. i think you'll do very well. stuart: you're really talking as if there's going to be an across the board continuation of the trump rally after january 20th when he takes office, right? >> well, lock, tax cuts is what

the market -- look, tax cuts is what the market is desperate for, stuart. this is a big deal. if corporate tax rates go down to 15%, the market's going to, i think, explode hire. we could see an additional 10% earnings per share growth. that 'em packs all these large companies -- impacts. but i think mid caps could also be one of the biggest beneficiaries. stuart: we'ved had a couple of people suggest by the end of next year the s&p 500 will be at 7,000. that would be, what, 1200 points above where it is the now. are you as bullish as that? [laughter] >> i'd love to see it. i am a bull, i'm optimistic. there's a lot that's going to happen. you have a new administration, so there's a lot to see. i think think if we stay out of war, this market is heading higher, stuart. stuart: we hear you. thank you very much for joining us, and now the market is about to open. yes, it will open on the downside. how it closes, i have no idea, but we are seeing some red are ink. let's go from the start, the dow is down 3000 points at the

opening concern 30 0 points at the opening bell. if to you look at the dow 30, i only see winners, walmart and nvidia --, only two winners. 28 losers at this point. the s&p 500 also opening lower a half percentage point down there. the nasdaq composite on the downside to the tune of a half percentage point. big tech probably not doing well in the early going. that's the case. apple, meta, alphabet, microsoft, amazon, they are all down. and then we have walmart. they reported first thing this morning. good morning, taylor. take us through this one, please. >> good morning. walmart is the classic story the continues, right in a beat and a raise. this is the story we've so learned from what mart -- walmart. they're continuing to gain market share with the high-end consumer. they do it again. stuart: what else do we have? if how about lowe's, please? >> let's talk about this. a lot of analysts are saying the shares are lower by about 2.5%

because they don't think that the inflection point is in yet. there's been a lot of concerns about weak housing demand and the sort of diy strategy. so, again, better hand expected results, but we're not sure that the inflection point is here just yet. stuart: the latest on nvidia, brachwell chip overheating issu. >> we talked about this yesterday, some concerns that there are about 72 chips that go into this big server rack, that led to a big decline yesterday. today the shares are trying to rally, again, in anticipation of the big earnings report tomorrow. so we'll sort of get an idea, again, if we hear any i didn't hints of -- hints of this on the call. stuart: david bahnsen sitting next to me. you really want to say something? >> nvidia could have a huge quarter because hay usually do, and the stock could come down because you get to a point where they are expecting even better than huge news. and that's what happens with these high valuation story it's. it's priced in that nvidia's going to be growing earnings something like 50%. [laughter] no, literally.

stuart: it's incredible, it really is. quick programming note. liz claman has an exclusive interview thursday with nvidia's founder and ceo jensen huang on "the claman countdown," fox business, 3 p.m. eastern. next case, the department of justice wants to break up google. what do they want? >> this is unbelievable. we heard from the doj that the they found that google violated the antitrust law, so they're sort of taking recommendations on the remedy for that. one with of the remedies is the doj recommending that google split off the chrome. chrome is so important for google when you think about they can see the searches and better target your data, the right, depending on how you're searching. google, for its part, saying this would harm consumers. the doj definitely disagrees with that. stuart: okay. david, if they have to hive off chrome, would that seriously hurt? >> yes, it would. they're more valuable all president put together than some apart, desperate separate. so it would be a difficult thing for google, and i'm not sure

that president trump's replacement, he's talked about brendan carr at fcc, i'm not sure he would go easy on google either. stuart: next case is trump media. they're looking to get into crypto? [laughter] >> you know the best thing the about when your stock rallies to close to record highs in it's a great currency to buy other companies. backed is one of them, $150 million market cap. s it is owned by ice also owns the myse -- nyse. djt shares thinking about merging or potentially buying this company to sort of further the crypto space. stuart: volatile stock. super micro. i know they submitted a plan to get them to stay on the nasdaq. is it helping the stock? i guess it is. 22. >> well, and this is after about about a 18 rally yesterday that we had in anticipation of this filing. so i think investors are certainly relieved that at least we have a plan to get the annual and the quarterly and, of

course, the current quarter that we are in up to date to maintain the listing on the nasdaq. stuart: i would expect to see defense stocks doing very well today after what's binning if on in ukraine. am i right? >> you are. for the most part you're up anywhere from 1-2 for the big defense names like north run grumman and lockheed martin if,. this is clear escalation when we come out and say you can use long range missiles to russia, non-nuclear unit is assisted by a nuclear entity, we still view that as a big attack on us. a lot of concerns here with geopolitical risk. stuart: next one, eli lilly, promising results, i think, on a new cholesterol pill trial. >> this is really fun because i'm going to play doctor for a minute. there's good cholesterol and bad cholesterol, right? the bad you can control through diet, but this is the classic good cholesterol that you get through genetics. right now reuters saying there

isn't a tradeable option. there's a lot of injectables in the testing phase. this would be the first pill version. it does reduce that cholesterol by about 86%, so investors a little excited but maybe not so much to boost the stock. stuart: it's an overall down market, so it's tough to fight that. a taylor, thank you very much, indeed. good stuff. david, you brought, as usual, your dividend picks, and you're starting with an etf, umi. >> i have to bring it back up because it was, last week oil was down over 5%. the the s&p was down over 2. and in the aftermath of president trump's election, midstream was up 1.5%. this is up 50% on the year, and it's still trading at a very low and attractive the valuation with a high dividend yield. why? because we need to move more oil and gas around. president trump supports improving -- approving new projects and hng that we we need the -- lng that we sell to the rest of the world.

some of the companies that make terminals export liquified natural gas. stuart: what is the dividend? >> over 4% because the stock's up and growing double digits per year. stuart: well, that's good. >> from ourive dividend where we purchased it, it's about 15%. stuart: i keep hearing about tbg. >> has our dividend portfolio. that has some midstream energy in it as well, stuart. a couple of big pipeline names. that'sing again, all these dividend growth names that we talk about in tbg in one single etf. footballs, energy, there's a lot of -- financials, energy, a lot of good opportunities. stuart: it's gone up 3% in the last two weeks, is that correct? >> that sounds about right. and with health care names and consumer staples names that haven't gone up, it's because of financials and energy. but i think tbg is the top performing active dividend growth portfolio this year. stuart: even if i say so myself. >> i didn't say it --

stuart: i did. [laughter] thanks very much. trump plans to declare a national emergency to begin deportations. illinois' governor, j.b. pritzker, he rails against thatted idea. watch this. >> the idea of calling out, you know, the army into the domestic confineses of the united states seems up called for and may, in fact, be unconstitutional and illegal. stuart: okay. well, bring out the military. is that plan legal in former acting i.c.e. director ron vitiello has that for us. trump tapping rfk jr. to lead the country to a healthier future. kennedy has proposed sweeping changes to the fda and the cdc. we're going to ask fitness guru gillian mikes what she thinks of this plan if -- jillian michaels. and then we have morning joe cohosts micah and joe facing backlash after their visit with trump. >> people who are probably looking at what joe and mika did and find it op por if tunistic. they are people who changed

their stripes depending on who is in power and and what benefits them. stuart: question, is left-wing media doing the right thing by engaging with trump? i thought he was their arch enemy? brent bozell has the story next. ♪ sometimes the it be like that. ♪ i'm not myself at night, you're gone. ♪ there ain't no way i'm moving on. ♪ i'm not afraid to need you bad. ♪ sometimes it be like that ♪

stuart: red ink is still there, it's still blowing. not so much for the nasdaq. dow's off 3600, nasdaq down -- 360, nasdaq down 30 points. netflix, check that out, please. it just hit a new all-time high, then backed off, but it's pretty chose to $850 a share right now. trump appears to be turning the other cheek with media pundits who have treated him, quote, unfairly. he met with joe scarborough and

mika brzezinski. madeleine rivera joins me from the white house. what's trump saying about that mar-a-lago meeting? >> reporter: well, stu, he wants to have a free, fair and open media, and his comments come after his meeting with morning joe hosts joe scarborough and mika brzezinski on friday, their first meeting in seven years, and it took at lot of people by surprise given the criticism launched over the years. they're not endorsing trump but are looking to report on him. till, the backlash was acute online are. a fellow msnbc host seemingly making an indirect swipe saying normalizing trump is a bad idea, period. this morning scarborough talked about the reactions to their mar-a-lago visit. >> i will say also i just want to say, thank you, first of all, to everybody who was so kind last night, but also thank you -- really, yesterday i saw for the first time what a massive disconnect there was

between social media expect and the real world, because we were flooded with phone calls from people all a day literally around the world. a very positive, very supportiv- >> reporter: trump has at times had a strained relationship with news organizations. just last month he sued cbs news saying the network deceitfully edited a "60 minutes" interview with vice president kamala harris, unfairly disadvantage ising him. cbs is saying the interview was not doctored. trump tells fox digital though, i am not looking for retribution, grand grandstanding or to people who treated me very unfairly or beyond comprehension. i'm always looking to give a second and even third chance but never willing to give a fourth chance. that is where i hold the line. and he is more accessible than president biden. he held 88 news conferences in his first term, by comparison, president biden has only held 37. his last one was in july, and so far he has no scheduled news

conferences as he wraps up his international summits in peru and brazil. stu. stuart: madeleine, thanks very much, indeed. listen to what with the the -- "the view" had to say about ma hard -- that meeting. >> i think there's a lot of people who are probably looking at what joe and mika did and find opportunistic. there are people who change their 12r50eu7s, or maybe their spots i should say today depending on who is in power and what benefits them. i don't know that's what they are doing. the me, it's a to be determined situation because right now it's the transition. we don't know what he's going today as president. we don't know what they're going to do if he commits abuses of power as president. so, you know, everybody has to live with their decision, everybodies has to look at themselves in the mirror. i'm good. [laughter] stuart: okay. look who's here, brent bozell's joining us. on "the view," they call -- can well, look, these two, ca

brzezinski, the two of them, they called trump a threat to democracy. and now that they go down there and visit him in mar-a-lago. what are they up to, do you think, brent? >> okay. well, let's look at numbers first. first, this is the collapse of msnbc. since october their ratings are down 53%. on the rachel maddow show, their numbers are down from 2 2.3 to 1.3 million. they've lost a million viewers. america snbc -- msnbc no 6th-13th had 550,000 viewers nationwide. compare that,s by the way, to fox which was 2.2 million. finally, in 2016 the last time donald trump ran and won, msnbc was at 1.3 million, and it was up at 9 8%. so what's all this theming you -- telling you? what it's telling you is that donald trump is in charge.

the attacks that worked against him in 2016 backfired in 2020. the ratings show exactly what the public thinks. the support for the national news media with, the trust in the national news media a is at 31%. it's at an all-time low. now, his -- the people at msnbc could care less about the collapse of their network. what joe scarborough is trying to do is stop the bleeding because that's the -- they've got to do that the or that network collapses completely. the way you stop the bleeding was you go to the man who's famously had no permanent friend, no permanent enemies, and you try to amend it is so that you can go back on the air and you can be talking about him and no longer talking to him about a fascist, etc. so it's a smart move that joe scarborough made, it's even a smarter move that donald trump is making in welcoming him to

mar-a-lago. stuart: it's a wonderful thing. brent bozell, thanks for joining us, as ever. i i know we'll see you again soon, thanks. >> thank you. stuart: biden authorized ukraine to use american-made missiles to attack deep inside russia. last night some of those missiles were, indeed, fired. putin responded. he revised the rules for using nukes. what can donald trump do? biden has made the transition much more difficult. that's my take, top of hour. trump's team reportedly looking to ease the rules for self-driving vehicles. tesla planning robotaxis would pedals and steering wheels. we have that story, and it's coming at you next the. ♪ sweet home alabama where the skies are so blue. ♪ sweet home alabama, lord, i'm coming home to you ♪ you have... the fearless investor.

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stuart: trump's new transition team reportedly wants to relax self-driving rules. max gorden joins us from los angeles are. max, are you in a driverless car right now? [laughter] >> reporter: yeah, stu, i am. right now i am in a waymo. this is alphabet to's self-driving taxi offering, and it feels kind of similar to to a

lyft or an uber with one notable exception. there is nobody in the driver's seat. you can see us winging along, and the steer thing wheel has been moving all by itself. now, there used to be a wait list for waymo if here in los angeles, but now anybody can access them in about a 79 square mile area spanning from downtown los angeles over to the west side. it's pretty darn neat. and you'll likely start seeing more autonomous vehicles on the roads according to a report by bloomberg. president-elect trump's transition team is planning federal regulations for self-driving vehicles, likely easing rules to the enable more development. currently, most regulation falls on the states with with the patchwork of rules making things complicated and cumbersome for tech companies. tech experts say that safety has to be top of mind in creating a federal framework. >> smart regulation takes account of the need for

innovation, the need for economic progress, the economic inevitability of certain kinds of progress while at the same time adhering to the public interest. >> reporter: while there aren't a lot of details about what these new regulations will be, there's already been a clear winner, elon musk. tesla shares jumped on the news. tesla debuted their long-awaited cyber cab last month with no pedals, no sering wheel and, for now, no firm release date. but the cyber cab will have some competition, notably waymo. it has been on the roads for a while now operating here in los angeles. as well as in san francisco and also over in phoenix. now, it is also going to be rolling out in austin as well as in atlanta in the coming months in a partnership with uber. suh? stuart: max gore to done right in the middle of it, thanks so much. david's still with me. look, i know you're a dividend guy. are you an early adopter forking something like these self-driving cars? >> look, there are certain

investors that have a risk profile that they can take that risk, and it's not what we do, what i believe in. but early adopter, you can make a lot of money, you can lose a lot of money. there's a lot of up answered questions. i'm not convinced we're boeing to ever get to a point to have full awe autonomy in cities, if you know what i mean. certainly are, open highways there's going to be a future utility, but a lot of companies are going to get into this and lose a lot of money. stuart: thank you, david. always appreciate it. still ahead, trump plans to declare a national emergency to begin his deportation program. former acting i.c.e. director ronald vitiello will join us on that. president-elect trump reportedly rethinking when he'll pick for treasury secretary. bret baier on that one. california congressman darrell issa, he's going to react to putin lowering the threshold for nuclear response, and celebrity fitness guru jillian michaels will react to rpk jr.'s sweeping plans the make america healthy again. the 10:00 hour is next. ♪ gimme, gimme, gimme, gimme

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