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>> bye nivea for -- buy nvidia for 30 times and at nvidia $150 bucks at new all time high, it's cheap, stuart. >> there's a lot of people in the federal work force that do nothing and are a waste of my and your money. >> this government is broke anne donovan washington dc. >> we're taking 51%, over half, of everything americans produce and giving it to the government. >> waste and fraud, stuart, is undefeated in the history of washington dc, and so i'm very happy there's something to take it off. ♪ ♪

stuart: i want to draw your attention to the weather. first time we've had serious rain and sad to say there's no sunshine. going to rain like this all day. it's 11:00 eastern time. thursday, november 21st. on the market this is morning, huge gain for the dow concentrated three or four stocks and nasdaq up 100 and down 64. a volatile marketplace today. show me big tech. they've been all over the place today. right now they're all down. microsoft, apple, nvidia, amazon, alphabet. closer look at nvidia, please. after their earnings and they hit $152 a share first thing to morning and backed off to 144. as for bitcoin, they've hit a new high, $97,000 and we backed off to 96.7. 10-year treasury yield and not that much movement and down a fraction, 440 is the yield.

now this, the writes is on the wall, the climate crowd is losing. a report in politico suggested the coming trump administration will resurrect the keystone pipeline. cancellation of the project is the green policy is changing fast. ending fossil fuels and ending to be thrown out. very little political support. it's on oil producing petro state. cop 29 is about to end. they can't agree on a final with one day to go and can't agree on how many trillions of dollars poor nations should get from rich countries in compensation

for climate damage. trillions, it's not going to happen. if biden commits any money, you know president trump will cancel it. then the green spending that's still in the the department of government efficiency, doge, voting on it. combating climate change was low on the list of priorities. drill baby drill for fossil fuels was trump's stated goal, and he won. for 30 years the greens have lectured us, shamed us, called us names and taken our money. it's over. the climate crowd is a spent force. i third hour of varney starts now.

stuart: steve hilton with me this morning. am i being extreme saying the climate crowd is a spent force. am i going too far? >> no. i love this topic and love your take on it. stuart, they're the ones who have been extreme. i'm, green is good. we all love the environment and want to protect the environment, but all the desire to save the planet and so on, it's emissions are going up while they've been inflicting all this pain and suffering and misery looking at reality of life in america today

l climate extremism going back 20 years and global solutions act of 2006, look at facts of life in california, the main driver of the fact we're the most expensive place to live in the world pretty much, certainly in america. highest water bills and gas fries and housing cost and climate extremism that's driving all of that and none makes sense. they're shutting down the oil industry and importing on giant super tankers and doesn't even make sense on its own terms and

you're walking off a cliff much that's what they're doing and people had enough of it. >> california taxpayers paying 20 million for ev charging project at ucla. stuart: they're embedding charges into the road so the school's electric buses can charge while they drive. when does california start rejecting this kind of expensive green policy? saw in the elections and vote against the ability of california governments up and down the state to raise tax people are feeling the pain and seeing this. what hasn't happened yet is someone to make the connection between their rising cost of living and this green extremism. they're separate in people's minds and we need to point out it's the green extremism and climate religion that's forcing up costs and i'm all for

electric vehicles if people want them and why should working class families be the elite and see how evs do without subsidies and mandates in a truly level playing field. that's a fair way to do it. >> it is fair. stuart: let the market decide. steve, all good stuff. thanks for being with us. see you real soon now. wit doyne backed off a bit -- bitcoin backed off a bit, 96.8 for now. lilou basenese is with me for te hour. why is a bitcoin selloff coming? you believe there's a selloff coming? >> i did and reserve my right to change my mind and did overnight. stuart: you did? >> it wouldn't result in policies and president elect trump said he'll create an official role in the white house or czar of crypto. that's a very tangible step to

it'll bolden the bulls behind crypto and good sign and forget there's a selloff coming and these are all positive. >> it's a bitcoin or crypto czar in the white house. >> i can't imagine and working to pave the way for more use-over crypto. there's a lot of areas to expand to. stuart: i poo pooed it for years. i'll love it. stay there, lou. biden administration holding ai

safety summit with representatives from all around the world. what's the goal, madison? >> deliberate and set ai safety measures on how to better detect deep fakes and prevent impersian nation. the summit features officials from u.s. allies like canada, singapore, uk and more all meeting in the u.s. hub for ai innovation: san francisco. it's the first meeting of it is kind since world leaders agreed earlier to build a network of safety institutions to advance research and test out this tech. biden signed a sweeping ai executive last year and this year formed new ai safety institute. trump promised to repeal joe biden's dangerous executive order that hinders ai innovation and imposes rale cal left wing ideas on the development technologies. he doesn't like the executive order he's not been clear on what he plans to do with ai safety institute.

we need to make sure we're leading on that front. stuart: got it. america leads on ai. that's for sure. madison, thank you. coming up, host of the view, whoa, they got into a shouting match about school choice. >> because i have children and i listen. >> i went to public school and i think you did too. >> there's zero statistics. stuart: dissent on the view. chris ruffo is a big advocate for school choice. does he think linda mcmahon can help push that forward? he's on the show. ethics committee to release his report on matt gaetz and republicans blocked it. should that report stay locked away? congressman jim jordan responds to it, next. ♪

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stuart: we have divot spunt with us. david, how many confirmations are we talking about? >> probably another dozen and a half, maybe 20 that are left from democrats that want to getti through and five more biden appointed judges are close to getting through and may made it out of committee going to the floor for a full vote. democrats cut a deal for republicans and allowing district court judges to be confirmed and get four appellate judges across the line and they're one step higher. president trump is angry that biden nominated judges continue to make it across that line for

lifetime appointments. yes, it's the biden administration and yes, democrat haves the senate majority, but trump said the confirmations need to stop. republicans are doing whatever to slow down the confirmation vote and the problem is not all members were showing up this week. yesterday a biden-appointed jumped was confirmed because -- was approved because ted cruz and mike braun were absent for the vote. they made it back but missed the earlier vote. chuck schumer a democrat is expecting republican roadblocks over the next several weeks, but is confident that democrats can continue with confirmations. president biden has roughly 220 judges confirmed though he's nominated more than 260. stuart, getting another 40 confirmed in the next two months is unlikely and the one problem for democrats if they need a tie breaking vote, it's vice president kamala harris. she's in hawaii on vacation and we're told she could be on a flight back to washington on air

force two if necessary to break a tie and give another judge a push across the finish line. stuart. stuart: thank you, david. the house ethics committee voted against repo. reporter: the democrats want to not follow it and if they say release, i would and not release, shouldn't be released and that's where the speaker is at and committee is at. i think that's entirely appropriate. stuart: are you confidentable then with gaetz becoming attorney general through a recess appointment? >> i hope it goes through the process and he gets confirmed. we have a process under our constitution matt gaetz is one

of the most talented on the committee and watch him cross examine the witness and i don't think we'll have a jus dis-the president investigating moms and dads going to school board meetings or a justice department where the r richmond field offie writes a memorandum saying if you're pro life catholic, you're an extremist and maybe mr. gaetz will give us answers to questions like who planted pipe bombs on january 6, who leaked dobbs opinion and who put cocaine at the white house? americans have the right to have answers to those questions and looking for the attorney general doing what he's supposed to and not weaponnizing the justice department against the very people supposed to serve. stuart: in a new w wall street journal op ed. mussing and ramaswamy reveal doge plan to radically cut

regulations and costs. this is a radical stuff. can they get it all done do you think? >> i think they can get a lot done, i hope they get it all done because we need our economy growing and all this ridiculous regulation on entrepreneurs and small business owners and american manufacturing and everything else, it just makes it tough to grow like we need to deal with the $36 trillion debt and get our economy moving in a way to help families and the economy and address this debt problem. i'm all for ther and at some point there's a report to implement some of that in legislation and i hope we do -- get that done. what president trump has put together with mr. musk and ramaswamy is a darn good idea. stuart: it's very central to the trump revolution, isn't it? that's a very different government from the one they have now if we can push it through. >> that's so true. this election was about changing

the attitude of the federal government. the american people said we want a government that is smaller, more efficient, and serves us, not one that's big and weaponnized against us. president trump ran on that ssage and a host of other things, but that was a central element. they want a government that doesn't infringe on first amendment free speech rights and president trump is nominating the people for the key posts because he wants folks in there that will shake it up like mr. musk and mr. ramaswamy and a host of other people he's put forward as cabinet secretaries. stuart: one more. deal with this. pollster nate silva wants biden to resign now. he says "there's no particular reason to assume biden is competent to be president". if biden steps down, kamala harris becomes president. that's one way of getting a female into the oval office. i don't think it's going to happen, do you? >> i doubt if it happens and

never call for anyone to resign. what i do know is i think the american people fully see it and comprehend it that president biden doesn't seem like he's up to the task of being the leader of the free world, the president of the united states, most important official on the pl planet. he's not up for the task and everyone sees it. in 59 days, it's going to be president trump and that's exactly what the country needs and frankly the world needs. stuart: who do you think is running the show? there's monumental decisions, long range missile goes into russia and land mines into ukraine, $100 billion worth of green spending coming up. they want to spend. who's pushing this? >> well, it was the same team for obama and secretary clinton and that whole crowd and tony blinken and that crowd running policy. domestic policy, who knows. everything they've done has been wrong and looking at border and

hamas and israel and ukraine and that's adduces aster and 59 days and january 20th, 2025, can't get here soon enough. stuart: jim jordan, calling it quits at that. always a pleasure, congressman, thanks for being with us. >> you bet, thank you. stuart: biden administration is loosening its immigration po policies. what are they doing? >> yeah, they're letting migrants skip in-person check ins when arriving to places like new york. this is on the horizon but not happening yet. biden admin vagues is looking ag at launching an ice app on phone or computer in december. that would allow migrants to digitally check in instead of at local ice office. homeland security told the post there's concerns the app would make it easier for migrants to escape authorities because it's glitchy and un-reliable. when it is working, it doesn't check for past arrests or outstanding warrants, something the in-person system does do.

the app hasn't worked on android phones at times, and when it's used on a laptop, it does not collect gps location, which means you could be enrolling in this program from anywhere. compare that to the current system where migrant haves to provide proof of current address and once they're in the system, it's regularly checking arrest records. got to give you 58,000 being housed, fed, healthcare and educated if they're school age. my tax dollars that you and i -- mostly me. you don't live here, that i give to the city. stuart: big e winners are

goldman, home depot, american express, put them all together, dow stocks, and that accounts for 235 points up for the dow industrials, which are up 383. coming up, waits for it. the art piece of the banana taped to the wall. expected to bring in maybe 1.5 million. well, tepper wasn't so hot on this investment. mark tepper that is. roll it. >> something like that has quite a bit, i mean, it's got a lot of appeal, it's got a peel. this is reminiscent of nft craze and ridiculous and has me thinking if we reached a state of irrational exuberance. stuart: is mark tepper eating his words when we reveal how much that banana sold for. you won't believe it. taking on identity politic is a focus of cam ticks and is dei dead? chris ruffo one of the first calling out the policies and

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>> yes, caddy. i would say, who am u i? elon musk calling out and jeff bezos telling everyone that real donald trump would lose for sure. the platform is checking him and showing there's a response. it lynns to bezos response and tweeted an hour ago and said nope, 100% not true. he's denying it and it's a he

said he said. tesla stock down just a bit and a run on the stock for the election. stuart: huge run. that's a trump rally for tesla. that's what it is. >> definitely. stuart: thanks. back to the markets, please. look at that, dow is up close to 400 points and nasdaq down 27. that's a split. lou basenese with me. looking for -- i'm looking for stock pick. he's got one for me. it's merck. >> it's cheap and trading at ten times forward earnings and can't say much in in the market and a blockbuster drug everyone is afraid coming off patent in 2028 called ketruda and instead of in the vain, young can do it under the skin and he cans up and downing with other combination drugs that could extend this patent coverage. this is being overblown as a concern this is a cheap major drug that sells over $20 billion a year. they have a strong pipeline and go out and acquire to build that pipeline and it's undervalued big cap play people are not

paying attention to. it treats all types of cancers from lung canser and head and neck cancers and there's a myriad of cancers and it's probably over 20 different indications right now. now. stuart: got it, lou, thank you. one-third of all adults in washington dc uses marijuana. reporter: stuart, good morning. there's openness to change and president trump posted on truth social as president, we will continue to focus on research to unlock the medical uses of marijuana to a schedule 3 drug. work with congress to pass common sense laws. his vice president elect expressed this opinion just before the election.

>> all the stuff is live and let live. keep it in your home. i don't like smelling it when i take my kids to the park; right. reporter: attorney general nominee mike gaetz health and human services robert f. kennedy jr. own to reform and john thune part of group of gop senators opposed to biden admin vagues efforts to lower the classification of marijuana. one expert tells us changing classification would actually bring added protection. in terms of ballot initiatives in the past election, nebraska passed a legalized medical marijuana measure, but legalized marijuana initiatives failed in north dakota, south dakota, and florida. >> it's one big weed company has spent $100 million, and they

wrote the amendment to benefit them, not to ben nit the people of florida. so this is not about freedom because they don't let you grow your own weed. reporter: here 24 the georgetown neighborhood of washington dc, there's three legal dispensaries selling marijuana to adults. stu. stuart: mike emmanuel, thank you very much. the cohosts of the view got into a heated debate of school choice. >> a 2020 study found only about half of states with voucher programs required teachers to have a bachelor's degree, required teachers to have training, licensing. >> to make it a conversation, because i have children and i listen -- >> i went to public school and you went there. >> there's zero statistics. [ talk over each other ]

stuart: isn't that wonderfully entertaining and chris ruffo with us this morning. he's been pointing out problems in the public education system for years. trump picked linda mcmahon to lead the department. how can she move forward with school choice in the state s? >> the best plan for department of education is to abolish the department and provide block grants of that $200 billion+ annual budget back to states and then states like florida and tennessee and texas and others that have school choice programs: arizona, can take that money and put it directly into the pockets of parents that want to opt out and send their kids to private school, religious school, even homeschool. that's the best way to give parents options. what's happening at the view is that many elites in america want to control where your kids go to school. that's the wrong way and funneled wantal principle of the school is liberty. parents should have freedom and

support to send their kids to the school that's the best choice for them: stuart: abolish the entire education department in washington dc. would that require legislation? >> i believe it would. in theory, you could impound dollars that are traveling through the department of education. you could reduce it is size as measure of efficiency all through the executive, but in order to actually abolishing or defund, you'd need that simple majority in congress and it can be done. department of education is second least popular agency behind only irs and so if the president wants to do something broadly popular, they should go after those 87,000 additional irs agents and then the department of education. stuart: you were one of the first people to call out dei and critical race theory. voters just rejected those woke ideologies in the last election. that would be my opinion. i don't think voters utterly rejected those ideas but with

trump in the white house, is dei dead? >> the president can do so on day one and initiate an executive order repealing the orders from obama and biden and implementing a new executive order demanding that all federal agencies terminate all dei programs, all dei policies, and restore the other key principle of our country, which is color behind equality. that's been the -- color blind equality and that's been the goal for a quarter of a millennium. stuart: is president trump going to do this? >> i've been speaking with members of the president's team and orbit and he's pledged to get it done. i think it's very likely he takes action and i'll be writing

about that in the coming weeks and months laying out that specific plan. how the president can tackle dei, get rid of all the radical left wing ideology within the federal government, and make sure that the government follows his policies and his priorities not those of deep left wing bureaucracy. stuart: got it, chris rufo, come back soon and tell us what the plan is. coming up, head of congressional hispanic caucus said donald trump's plan to deport millions of illegal migrants will raise your grocery prices. we'll try to explain that. first, nvidia hosted strong sales in revenue and forecasting strong demand. but they're also going to pour money into ai data centers. tech analyst beth kendig breaks it all down for us next. ♪

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stuart: nvidia is now down and back to $144 a share. earl whyer this morning, it was at $152 so a bit of a selloff going on right now. however, joining us now tech analyst beth kindig joining us. how much money is going to be spent on ai and data centers? talking about $100 billion; is that accurate? >> yes, stuart. by the time we end this year, it'll be $240 bi big tech. when the ceo is asked about digestion, he first used $1 trillion being spent before there's a pause and we're only one quarter of the way there and have a long, long runway.

stuart: changing ai? >> absolutely. it'll change every industry for automation and big tech is nicole not spending in order to be the first. they're spending to make sure they're not the last. this is about extension. stuart: what's the demand like for blackwell chips down the road? >> stuart, my firm tracked in fine detail everything nvidia put out for six years and the demand is un-precedented for next year. 2023 and 2024 combined is what 2025 will exceed. so to count fio that, blackwell sold out and tracking 40% pricing four. that's ahead of and yous given in one quarter. stuart: reading between the lines, beth, and you're suggesting that stock goes much higher than it is now.

>> absolutely. nvidia surpassing apple and delivered on that early and my prediction today is nvidia will be a $10 trillion company by 2030 and frankly that's too low. stuart: 10 trail by 2030 and all of six years away and just under $4 trillion now and the stock probably triples. is 25 roughly right? >> it triples again, i think that's too low. that's the information we have today and before been done before and congresswomanning out every year and going to accelerate the level in which nvidia is meeting this demand. stuart: come and see us again. love to have you back. thank you for being here today. >> thankings, stuart. stuart: lou basenese, what finally convinced you to buy nvidia?

>> yeah, i'm a johnny come late. what i doubted was the energy policy for the united states whether it would permit the growth of ai in data centers and growth limiting factor is power supply. with chris wright as energy secretary under trump, modular nuclear and not having ridiculous and unrealistic mandate and n rationable and sensible and allow ai to blossom. stuart: thanks, lou. jaguar facing heavy criticism after putting out latest car ad. what's the problem? >> people are calling woke. they don't like the ad. jack war launched video -- jaguarjaglaunched video with nod bright outfits and no cars. that's bold. stuart: like a costume fume party to me. halloween. >> that too. no cars. that was the big take away. we can talk about the outfits. clearly no cars. viewers were upset to see the iconic cat go.

that was part of the jaguar logo. they're up in arm withs the video calling it woke and off base. amongst the critics is none other than elon musk and tweeted at the company, where are the cars? do you sell cars? jaguars invited them to check out their cars and he seemingly agreed to do so in his response. jaguar has bigger concerns than a potentially woke ad and the british car company struggling for some time with sales and preparing to end production of all their current models with no certain replacement in the pipeline. so as of this month, jaguar doesn't sell any new vehicles in the uk and that's its home market. stuart: got to move on. got to get this in. banana, the banana duct tamed to a wall expected to bring in $1.5 million at some odd auction. what was the final? >> some odd auction. it was at sutherby's and it was

$6.4 million for a banana taped to a wall. last time it sold was for $120,000 and that means the original owner saw increase of $5,233% on his art. the banana taped to the wall he's laughing all the way to the bank. stuart: somebody paid $6 million. who bought it and spent $6 million? >> the control room saying we have to go. stuart: who bought it? >> i don't think we know. they didn't disclose. i'll call in and see but they don't disclose. stuart: okay. thanks, madison. offering to donate over 1400 acres to the federal government to build a deportation facility. how long will that take? how much will it cost? what will the camps look like? find out from the commissioner herself next. ♪ at harbor freight,

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more human way to healthcare. it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. stuart: the texas land commissioner offering to donate more than 1400 acres along the border for trump to build deportation facilities and the commission service connected dawn buckingham and joins me now.

when are you going to start building, commissioner? >> well, stuart. great to be on with you today. we acquired the property and closed on it a few weeks ago and have the border wall up and going and we just heard from soon to be secretary homan saying they'll be interested in the property and we were happy to have a great partner at federal government to get complete operational security. stuart: what are they going to look like? i just want to know. the detention camps basically and media will have a field day because you'll have to keep the people in, going to have to have armed guards around it. that's not a good look, is it? >> well, we'll figure out what we need but be reminded, we're talking about violent criminals that continue to hurt our daughters and sons, and we want them off american soil. stuart: but you'll have to have armed guards to keep them? >> yes, violent criminals with violent crime against women and children.

stuart: i see the necessity but what will it cost and who pay s? >> i believe it'll be the federal government 2345 pays. texas is happy to partner with the trump admin vagues, and we're excited about this opportunity to truly get the criminals off of the street that are hurting our daug daughters d sons. stuart: have you heard directly from the president elect? >> i have not heard directly from the president elect and soon to be secretary homan put out a statement and taking us up on the offer to partner on the property. stuart: starting with illegal migrants committing crimes that's where he starts; right? >> this whole focus on the violent criminals that continue to hurt our daughters and sons. stuart: how many people can you put into a 1400-acre camp? >> a whole lot. so i have a few thousand acres adjacent to that ranch, stuart, 13 million acres across the state and we can accommodate whoever they need to get off american soil.

stuart: sounds like you've got a plan. thank you for joining us in morning. really appreciate it. see you again soon. thanks. >> thanks for having me. stuart: thursday trivia question. another good one: which of the great lakes is the smallest? lake huron, ontario, erie or michigan? the answer when we come back. ..

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stuart: this is our way of getting a little beatles in. it is madison's birthday so we are playing here's your birthday. don't let it go out. let it flame up a bit. previous to the commercial break we asked which of the great lakes is the smallest. can we see the choices again please? what if we got here. huron, ontario, erie, michigan. i will go first. i think here on is the smallest. >> i will go ontario. >> i will say something different, erie. we will go with erie. stuart: let's have a look, what

we got, the answer is ontario. the light covers just over 7300 mi. , lake superior is the largest covering 32,000 mi. . that to the birthday girl, you may blow it out, make-a-wish, make-a-wish, make-a-wish. okay. you know what, i knew it was your birthday and i was going to bring in a bottle of varney wine and send it out on the kitchen counter and i walked out the door and forgot it but you will get it tomorrow. lauren: you will see me on set for the rest of this new year. i'm not supposed to tell you. stuart: we will figure it out, happy birthday. our time is almost up, five seconds left to. you know how i countdown to the end of the show? 3, 2, one. neil. neil: cupcake?