actually going to universal studios over christmas. my family's feeling bullish about this country not because of the deregulation and policies coming down the pipeline, but because of this a star-studded cabinet that trump is assembling. i think pam bondi is an excellent choice who has credentials and a career in law and order, and she's going to bring that back to the department of justice and prevent it from being weaponized ever again. maria: it looks like that these picks will have a good chance of getting confirmed. >> yeah, i think there's a good chance of that. like i said, bondis has a very impressivive resumé -- maria: yeah, she sure does. >> i think he should sail through the senate. maria: caroline, john, thank you, great show. we will see you tonight to on maria bartiromo's "wall street," here on fox business, 7 p.m. eastern. "varney & company" pick it up. stuart: good morning, everyone.

president-elect donald trump ap thing pam bonn key the at his attorney -- bondi as his attorney general nominee. bonn bondi is a longtime trump a ally and was one of his lawyers during the first impeachment trial. trump chooses another loyalist who does well on television. the hunt is still on for a treasury secretary. "the wall street journal" reports that trump is considering fed governor kevin war, with the intention of eventually -- warsh with the intention of eventually tapping him as fed chair. overseas putin escalating his threats to the west just hours after russia launched a ballistic missile into ukraine. the kremlin threatened the attack a new american defense pace in to poland with advanced weapons. -- base. how about that? let's get to the markets. you have to start with bitcoin. has it hit $100,000 a coin yet? not quite with. it backed off to $97,7000.

let there be no doubt this is trump's crypto rally. now now get to stocks. the dow is up, what, 16, minor loss for the s&p, down 50 on the nasdaq. the 10-year treasury yield, where'ses that in there it is, 4.40 this morning. that's the 10-year. as percent 2-year, we're looking at 4.34%. tonight at a 5 p.m. it's the all-american christmas tree the lightingment all of your favorite fox personalities will be there including a special performance by chamber singers from high point university which was hit by hurricane helene. and has raised tens of thousands of dollars for recovery efforts. that's on fox square tonight. friday, november 22 22nd, 2024, "varney & company" is about to begin. ♪ ♪ you're a shining star no

matter who you are. ♪ shining the bright to see -- stuart: shining star. that's it. you can just see it, left-hand side of the screen, that's the shining star which will be lit tonight tonight on fox square. good stuff. good morning, everyone. president-elect donald trump tap thing pam bondi as his attorney general nominee after his first pick, matt gaetz, the decided to bow out. good morning, madison. >> good morning. stuart: she was one of his lawyers in the impeachment trial, right? >> yes. she was one of the attorneys for that. very loyal. she's been an ally through the impeachment, through the 2020 election is and through his trials in new york. she is a chair at the america first policy institute and has spent more than 18 years as a prosecutor in florida. she was also, fun fact, florida's paris female attorney general is -- first female attorney general. this is take two for trump's attorney general pick, trump took to truth social even though

gaetz was, quote, doing very well, he did not want to be a distraction for the administration for which he has much respect. gaetz was announced just a week ago and was considered trump's most controversial pick. but now that the he's out, trump has moved on announcing same day his new pick for attorney general, and that would be pam bondi. his announcement, trump says that the doj has been weaponized against republicans and vowed that under bondi that would not be the case anymore. one last point on gaetz, he signaled his support of bonn i do with a post -- bondi with a post on x as well, stu. stuart: all right. joining me now, jason chaffetz. bondi is another loyalist. is she going to have any trouble getting confirmed? >> oh, i don't think so. she's a highly competent attorney the, the highly successful, is a who to-term attorney general of one of the largest states in the united states -- two-term. she's exceptionally good on her feet answering questions.

she has great proximity to the president, and for she's got a mandate, i think, to the clean up department of justice. and that's going to be a welcome sight to these republican senators who i think will, in unison, unanimously vote for her. stuart: with gaetz out, will pete hegseth and rfk jr., will they have an easier time getting confirmed? >> yeah, i -- listen, they're going to focus on something somewhere, but these people -- look, if you have somebody where the department of justice or law enforcement comes in and looks at something and then said there's nothing here, there's nothing there. if they could have charged some people along the way, they would have. i thought the way they treated matt gaetz was absolutely fundamentally wrong. i think pete hegseth is an exceptional candidate. he's got the right background, he's going to come in and clean up the place. i happen to know him because of, proximity to fox but i'm telling you, he is a patriot, and he's got a fight on his hands to help clean up that pentagon out

there. i think all of the candidates that are up there, they should be confirmed. they did this, they bent over backwards to confirm the biden nominees. the republican senators should do the same for the nominees that are in place right now. stuart: jason, i want you to listen the what the white house says about biden's claim that trump is an existential threat. watch this. >> you know, i've been asked about existential threat, i've been asked about threat to our democracy. the president is always going to be honest with the american people. he feels like he is obligated. what he said still stands, but we are now in a different place. we are -- the american people spoke. they deserve a peaceful transfer of power. that's what this president wants to do. stuart: you know, jason, i don't think that really helps, a peaceful transfer of power, if you're till saying he's a threat to democracy. >> i totally agree with you. you know it's -- what's an existential threat? when you start authorizing long range ballistic missiles to be

fired into russia. that's a little bit more of an issue than name calling of donald trumps who is going too,ed i think, a bang-up job in making our world more safe and secure and trying to negotiate some settlements. that's what really matters, not this verbal jousting from the white house. it's kind of a joke at this point. stuart: who do you think is the real president of the united states at this moment? if any idea? the who's calling the shots? >> i guess the first person i'd call would be jill biden. i don't know. that's the scary part, who's calling the shots? if you can't negotiate your way through the amazon jungle off of a podium, then i got real questions about who's actually controlling the nuclear codes at this point. stuart: that is a threat to democracy isn't it, really? if you have a president who just didn't seem to be this there but all kinds of major events are being organized by this president, by his team, you have to ask that question, is it a threat to democracy? we didn't elect jill biden. we didn't elect his chief of

staff. we didn't elect the secretary of state. they're the ones who seem to be maybe making the decisions here. >> two things. first of all, kamala harris, she's on vacation. she has a job to do for the next 60 days. and i'm sorry, but i used to be in the congress, the republicans still control the congress. why aren't hay calling up the secretary -- they calling up the secretary of homeland security, the secretaryover of national -- of the pentagon, secretary of defense? why aren't they calling up the national security advisersome come testify. what is going on? by bombing russia, those people should be up on capitol hill. they should be issued subpoenas. congress is still in session, folks. you just don't get to spend if turkey day with your family when you've got world war iii on our edge here. you've got to be able to call those people. they should be there testifying and explaining to the american people what it is we're doing with ukraine in authorizing these long range ballistic

missiles. stuart: world war iii, that's an expression we have heard a lot of recently, and we're to going to get into it later mt. show. jason, thanks for joining us. the chair of the sec, gary gensler, he is preparing to ten down as trump takes back -- step down as trump takes back white house. when he goes, the crypto world will be opened up, won't it? >> yeah, absolutely. i mean, part of his term, tenure as sec chair, he really pursued the crypto industry through lawsuits. so i think this is going to be a lot of opportunity, you know, that in tandem with a crypto-friendly president. so when it comes to sec chair, his last day is going to be january 20th. he's going to step down at noon. that clears the way for president-elect trump to install his pick as the top regulator. we till don't know who that's going to be. he sought to enact ambitious rules and pursue ised lawsuits that resulted in high profile -- both traditional markets as well as crypto. so gensler tried to force

corporate america to tell investors about climate-related risks within business, and on the crypto side he pushed to bring crypto under the sec's authority with numerous lawsuits. establishing the rules of the road through litigation rather than regulation. so with that out, we could see a lot of change there. on the enforcement front, gensler focused on wall street's use of tech, whatsapp and other unauthorized channels to discuss business and levied fines of more than $2 billion against firms like jpmorgan and goldman sachs. so later in the show you're going to have on sec commissioner mark -- help me out. stuart: [inaudible] >> you're the king of last move -- names. we don't know who trump is going to appoint, but we can expect a republican commissioner as acting head. stuart: definitely a republican, i would say, yes, indeed. thanks, madison. a little later in the show, we will have the sec commissioner. can check futures friday

morning, mixed picture as we go towards the end toking bell. dow's up, nasdaq's down. kenny polcari with me this morning. the big financial headline so far today is bitcoin. it's real close to $100,000 a coin, kenny. why should it not just keep going up? >> i think it is going to keep going up only because we're less hand $2,000 away from in that $100,000 big, round number. my guess is it's going the take it there just to take it there, right? and then it'll consolidate. look, it clearly has been on a tear ever since the election. i continue to think it's going to continue to be on a tear now that, to your point, we're going to get a new sec chair, someone much more friendly to crypto. the president's friendly to crypto, so i think it certainly has room to go. i expect it to go $100,000 today or early next week. stuart: how about nvidia?

does it still have room to run? >> i love when you ask me this question. the last time we had this conversation, i think it was the last time they reported. it was trading at, like, $110, i said you gotta bite on weakness, and look where -- buy it on weakness. they reported again, we're making new highs. if you already own it, maybe your not so quick to chase it. but if you're somebody starting out, you need to dip your toes anytime, at some point you have to buy it just so you're in it. doesn't mean you're spending all you want to spend on it. dip your toes and then get started. at some point you've got to jump in. you can't just continue to watch it and say, well, i'm going to wait, i'm going to wait. you can't do it. jump in! stuart: i wish i'd taken your advice, kenny. my account would look a lot fatter. kenny polcari, have a great weekend, and we'll see you again next week. >> with you as well, bye-bye. stuart: changing the summit, will be to this, "the view"'s joy behar questioning joe

rogan's the u.s. worthiness because he beliefs in dragons. >> we went from walter cronkite, basically, to this guy, rogan, who believes in dragons. i checked it. [laughter] this is the type of really, really bad information going out there. stuart: she thinks "the view" is a more reliable news source. tammy bruce will deal with that. bill clinton says democrats are not keeping up with republicans in the digital age. >> small town and rural people are now highly sophisticated in how they get their information. and there are zillions of new web sites now. we're not play on the same field field. we're not even being heard. stuart: obvious question, what are republicans doing right? we'll get into it. donald trump building his second term dream team, tapping pam bondi as matt gaetz bows i out. lawrence jones is here, he's going to react.

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part of our large humana networks. so, call the number on your screen now, and ask about a humana medicare advantage dual-eligible special needs plan. and remember, annual enrollment ends on december 7th. humana. a more human way to healthcare. stuart: here we go. matt gaetz is out as trump's attorney general picker, pam bondi is in. alexis mcadams in west palm beach, florida, for us. what's the latest on the transition, alexis? >> reporter: hey, stuart. well, yesterday when we were all talking about this it was matt gaetz who was trying to push his way through. he dropped out, pam bondi is now in, so we'll see what unfolds today here as that trump transition continues. but for people who have worked with pam bondi, they say she is tough as nails and one of the

best in the game, and she's ready the defend former president trump. watch. >> merrick garland is our chief law enforcement in this entire country. you know, when we talk about the weaponization of the fbi, the cia, atf, the the irs, well, it all starts with merrick garland. he has to respond to. this he has to be held accountable. s this is way too important for the american people and our justice system is at stake. >> reporter: so that's a sample of what we're probably going to hear in the coming weeks and months as she's now picked to be america's top cop. bondi was the state of florida's first female state attorney general, okay? she became a member of trump's impeachment defense team and was a local prosecutor for decades who worked on a wide range of cases, everything from drug trafficking, human trafficking and even capital murder cases. so she has the experience, and i'm told she has the backbone for this job. trump says is she's going to be a great addition to the team writing this: pam will refocus the doj to its intended purpose

of fighting crime and making america safe again. i've known pam if for years. she's smart, she's tough, and she's an america first fighter who will do a terrific job as a.g.. bondi was recently on stage at a rally in greensboro, north carolina, right before the election talking about her relationship, rather, with trump and said she's ready to get things done. >> i was potential adviser to donald trump office of white house counsel, but most importantly i'm his friend. [cheers and applause] and i was in that white house, and we all know he surround ised himself. with a lot of brilliant women. >> reporter: now the question is who could the next treasury secretary be. trump has floated names like kevin warsh for that position. he's a well known economist and a former member of the federal reserve board of governors. back out here live, another job opening we're keeping an kauai on, stuart, is the fbi director for trump. he could kick out kris wray and

put in mike -- chris wray and put in mike rogers who just ran for congress in michigan. he just barely was beat out by elisse is slat kin, so the theme with all these picks so to shake things up in d.c. we'll see what happens next. stuart: alexis, thank you very much is, indeed. look who's here, lawrence jones, the man himself. >> i ran, i said, i can't miss this show. stuart: good. [laughter] i can't see pam bondi being rejected by the senate, can you? >> well, you know, it's interesting because they didn't want matt gaetz, and this may hurt them more than gain, the democrats, because she's going to be in. it's like a shoo-in. she's more experienced. she's been doing prosecutions for more than 2020 years. of course, she was attorney concern 20 years. she was attorney general for 8 years. i once asked her why she didn't run for golf, she goes, i just loving being a prosecutor. he understands the department of justice and is going to clean

house on day one. stuart: i think you're right. listen to what bill clinton had to say about democrat outreach. roll that tape, please. >> i think that we're behind in the sense that a lot of the small town and rural people are now highly sophisticated in how they get their information. and there are zillions of new web sites now all trying to advance their sort of conservative to right-wing, radical cause. and a lot of times we're not plague on the same field. concern playing on the same field. we're not even being heard. stuart: lawrence, that's interesting. >> he's so slow when you compare him to donald trump. stuart: same age. >> just a clear difference in speed. second thing is he's wrong. this has nothing to do with sites. it has to do with the party that he once represented. it's a different party.

[laughter] i mean, he tried to educate them about the dangers of illegal immigration, and they got so upset with him. the once idea and view of the democratic party is gone. and until they moderate themselves, they're just going to lose normal people. stuart: they haven't sorted it out yet, have they? >> they don't seek to. i mean, they're to doubling down. you have governors that are saying heir going to resist even though the majority of the country, over 60%, want mass deportation. because they don't like what's happening in the country. they don't like being talk down to. i found this so ironic when i'm watching this commentary and the exit polling is coming and in they're saying 700% of the country -- 70% of the country believes we're headed in the wrong direction. i'm, like, where have you been? you don't need a book on this, stu. just go and talk with voters, and they'll tell you exactly what the issue is. it's not social media. stuart: start now, please. >> right. stuart: lawrence, always a

pleasure. >> love you, brother. stuart: stephen a. smith, sports guy, he's slamming the nfl for even addressing the trump dance celebrations. what's he saying? >>st thely doing louse. he blame are -- he's saying it's ridiculous. he credited hose for trump's victory. if take a listen. >> why am i ticked off? because it was emblematic of the climate that we've been living in for years now, which is why i believe donald trump was really elected. yeah, it was inflation. that was an issue. the economy, that was an issue. border, that was an issue. but woke culture, cancel culture, oh, hell, yes. that played a role. when you got people walking around wondering whether or not they're echoing the right pronoun, wondering whether or not that was going to cost them their job or being pc because, god forbid, your opinion is different than the average folk if walking around in america. >> so smith said any consideration of any sort of

penalty was ridiculous, reminding listeners that the majority of americans voted for trump. so we really shouldn't be considering a penalty for a trump-inspired dance. stuart: a lot of nodding around this desk. [laughter] check futures, please, real fast. green for the dow, not that much of it, not much price change. the opening bell is next.

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care. stuart: two minutes til the opening bell. a mixed picture. dow's up, nasdaq's down. mark mahaney's with us this morning. i really want the talk to you about uber. it's your number one large cap stock pick, and you say it's going to $120 a share. make your case again. >> yeah. so this stock's been recently dislocated, stu. i'm trying to make a living out of picking what i call dh, qs, dislocated high quality companies, and it's hard to find that dislocation. but when you find it that's what you want to focus on. uber is in that category right now for me. earlier in the year it was amazon, right now it's uber, and i think there's two catalysts. i think they'll be able to announce more deal with waymo next year that shows autonomous vehicles are actually going to be coming to us all in part on uber's nerc. that'll be -- network.

that'll be a positive catalyst. and i think they'll be able the maintain this bookings and revenue if growth, that's an issue that the street's been hyperfocused on. i think that tide is going to turn in the first half of next year. i think you're going to get stable growth, and i think that takes the shares higher. it's our top pick. stuart: i'm just trying to imagine robotaxis in new york city. >> they're coming. if they can make it in l.a. and and san francisco, they can make it in new york, i guarantee you. stuart: okay. [laughter] i'll take your word for it, mark. you put some money on it, i can tell. [laughter] uber to $120 says mark hama haney on a friday morning. -- mahaney. thank for being with us, have a great weekend. >> thanks, stu. stuart: they're going to ring that opening bell. there you go, that means you've got 10 seconds until the actual start the of trading. right-hand side of the screen, someone will press the button, and trading begins. what's that tums up -- thumbs up ion?

the dow has opened with a gain, .17%. 88 points, as we speak. and the majority of the dow 30 stocks are in the green as we open occupy on a friday morning -- up on a friday morning. that's' the dow. show me the s&p 500, please. that's a broader indicator, up 6 points, not much movement. the nasdaq composite, that is up down -- no, it's not, it's absolutely dead flat. move on. how about big tech? is that a kind of mixed picture we've been seeing recently in yes, it is. microsoft, meta, alpha a bet down. we've got to get going with bitcoin. you know, good morning, taylor. >> good morning. stuart: creeping towards $is 0d100,000. that's got to be good for the crypto stocks. >> yes, this is incredible. i think when trump was elected we thought we'd get to 100,000 on bitcoin by the end of the year, we might do it by december 1st at this rate. we could even do it today. some of the place lower today. again, this has been a huge

rally, so a little bit of a relief today. not too concerned about some of the crypto plays a little bit lower. stuart: okay. gap. it's not the gap, it's gap, as i'm told -- [laughter] clothing brand, got that. they reported yesterday. what are they saying about -- look, the stock's up nicely. >> yes. stuart: what are they saying about holiday shopping in. >> that it's off to the a great start. this is the third time they've raised their annual guidance. they're in the middle of a big turn-around. wealthy customers, those making over $100,000, six figures, they're coming into the store, and they are staying. i have to admitting, i'm one of those, baby gap for my daughter is great, and it's affordable. and they're really saying those making over six figures are loving the value play. stuart: 12 higher, not bad. intuit. they reported after the bell yesterday. what went wrong? they were down a lot more than this. so what's going on with that stock? >> only down about 2%. but remember, this is the stock that's been under pressure because doge said that they

might create a government tax filing app that is free. so the ceo of intuit yesterday sort of addressed those concerns. he said that, look, hay don't think that the government -- they don't think that the government wants to get into this space. they hi that the government will really just want to take things away, so they think intuit's going to be okay, not have a lot of of competition, we'll see. stuart: what's this about a more advanced siri for apple? >> siri is 13 years old, can you believe it? they're calling it llm siri, large language model siri. they have a plan in 2025, and they want to do a broad-based rollout in 2026. basically, they want siri to be a little bit updated, a little bit fresher, act more like a chat a gpt -- stuart: is that a big attraction the at apple, siri in. >> you know, it might be. and apple has been behind in the a.i. fight, and i think this is the way that they see apple

intelligence really keeping up in the a.i. game. stuart: got it. meta. s this is -- [laughter] meta just removed 2 million accounts accused of pig butchering scams. what is a pig butchering scam? >> great question. had to to look it up myself. basically, meta is removing 22 million accounts for what they are saying big pusherring -- pig busherring -- butchering. i develop a friendship with you or romantically, and at the end of that i tart to ask you for money, and you put it into an investment scheme. so i'm basically duping you into giving me money. they are saying that they now tried to remove about 2 million accounts because they're seeing some widespread fraud. really sad, especially if you're a victim and giving money away -- stuart: 2 million accounts involved in that kind of thing? >> yes. stuart: 2 the million? >> their thinking, again, is this isolated? is this sort of government entities from bad actors? they're doing a lot of research

to figure out who these people are. stuart: let's move on. trump's threatening to repeal biden's ev tax credit. that can't be good news for the ev -- they're all up. >> so had been a few-days story, right? we heard from elon musk when they wanted to reduce of get rid of that tax credit. elon musk says, great, because tesla sales would hurt a little bit, but he said it would decimate the legacy car makers and, indeed, a study the overnight says they think sales would drop about 237-30% -- 27-30% overall. tesla's, of course, relatively affordable without that credit, so tesla wouldn't be as hurt. everyone else would be. stuart: they're up again. 342 on tesla this morning. what's going on with merck's popular asthmadrug linked to, i'm reading the words here, serious mental problems in. >> so i'm not a doctor, but what we are hearing from a research that came out overnight is this

asthma drug targets brain receptor cells. they are seeing it sew show up -- show up in patients with very serious tyke yacht rick and mental health issues. they've looked at dozens of suicides. merck, for its part, this drug has been spun out under another company, they said for their part they believe in the safety of the drug. the fda has not said e hay want to change the labeling on this, but again, studies like the raise questions about what drugs we're putting into children. stuart: not hurting the stock, still at $100 a share. taylor, thanks very much. let's tell you what's going on with the big board. 43,900. dow winners topping that list, or we have nike, procter & gamble, honeywell interenergy walmart and merck is on -- international. s&p 500 winners, super micro computer, recovering again. can copart, tapestry, deckers outdoor, ross stores.

and the nasdaq winners head ad by copart, mongo db, ross stores, datadog, lululemon up $8. check the 10-year, 4.41 is the yield. the price of gold, doctor 2,714 -- $2,714. bitcoin now at 97,6. if it hits 100, you'll be the first to know. the price of oil or, $70 a barrel. nat gas moving up again -- well, it's down the morning, but it's above $3. that's important. the average price for a gallon of regular gas down to to $3.05. much of the country's paying $3 or less. but california, lucky people, $4.44 for regular. coming up, russia a threatening the attack a u.s. base in poland. that would directly involve us. we're on it. biden quietly loosening immigration policies, but karine jean-pierre says, hey, there's nothing to see here. >> i don't have any policies, new policies to speak to at this time. i just don't have anything --

>> [inaudible] if. >> i don't -- stuart: we want to know what's really going on. national border patrol council art del cueto has that information for us. the white house touting lower grocery prices ahead of thanksgiving. >> as americans prepare for thanksgiving, there's one more thing to be thankful for, much-needed relief at the grocery store. stuart: well, that's not entirely9 accurate. we're going to get into with it with economist 'em j. antony next. ♪ knowing me, knowing you. ♪ there is nothing we can do. ♪ knowing me, knowing you. ♪ we just can't face it time ♪

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stuart: president-elect trump's pick for treasury secretary still up in the air. edward lawrence live9 from the white house. edward,s has trump zeroed in on anyone? if. >> reporter: you know, and he may not even know, stu, who he

wants to pick. we know that former president or president-elect donald trump changes his mind right up until the decision is made. a former deputy press secretary says that president-elect donald trump doesn't have a pick for treasury secretary because there are so many candidates he has to choose from right here on your screen. the american people largely voted president-elect trump in on the economy, so it's important to get this pick right. he's taking his time to make the selection, it shows how important it is on the domestic and foreign fronts the treasury secretary is for a trump administration. >> treasury is a very big deal because they work in cohort with the commerce, and we've got to get someone here that balances the economy and understands it's not all about large are companies because the chips and science act, infrastructure act and if all the government support during the pandemic did not go down to family businesses in america which creates 62% of the jobs. >> reporter: recently, the president-elect met again with marc rowan, kevin warsh and

senator billing haggerty. the senator told "mornings with maria a" he knows the treasury secretary miss must also handle issues like china. >> it's incredible we allow companies to trade on our stock exchange and don't abide by the same rules. we should utilize our markets to our advantage, and the last thing we should do is allow china to come in under a different rule set and undercut us and abuse those markets. >> reporter: a number of issues the next treasury secretary is going to have to deal with, we are hearing that the pick will be made in the next couple of days, we just don't have an exact time. stu? stuart: thank, edward. the ceo of occidental petroleum is warning that the u.s. is at risk of losing its energy independence. she says we need to drill new oil wells. economist e.j. antoni joins me now. you can't just snap your fingers and drill new wells, can you? it takes system i'm to

drastically increase -- some time to drastically increase production, right? >> in many cases, that's exactly right. one of last things we've -- things we've seen under the biden administration is wells going dormant. the increased taxation and regulation has made it so that we are only using the most profitable wells. drillers have done a very good job of getting every last drop of oil and every last found pound of natural gas they can out of their a wells, that's why production has been going up. but we still have an increasing number of wells we're not using. well count has been going down. so if you can get rid of that excess tax decision -- tax sayses and regulation, you could increase production relatively quickly because a lot of the infrastructure's already there, it's just not being used. stuart: but we've also got to get pipeline capacity. if we're to going to produce a whole lot more oil and natch gad pipelines to push it around the country.

i should be investing in pipeline companies, right? >> look, stu, i am very, very bullish on upstream and downstream within the energy industry right now for exactly that the reason. we are going to need to increase infrastructure, as you just said. it's a great point. and i think under an administration that is very pro-energy, specifically pro-american energy, you are going to see exactly those kinds of infrastructure improvements. stuart: got it. e.j., listen to what karine jean-pierre had to say about grocery prices for thanksgiving. >> as americans prepare for thanksgiving, there's one more thing to be thankful for, much-needed relief at the grocery store and the gas pump. for the second year in a row, the average cost of a thanksgiving meal is falling according to the american farm bureau. the average price of the typical thanksgiving dinner fell 5% with turkey prices down 6%. and as more americans are getting to travel the see family members and loved ones, the price of gas has fallen to its

lowest point in more than three years. prices at the pump are down about 25 the cents per gallon compared to this time last year. stuart: okay. prices for thanksgiving items may be down, but if you take a look at the latest consumer price index number, food at home is up 21.7 since biden took office. that is biden-harris' inflation problem, isn't it? it's still with us. we've still got high prices. that's the inflation legacy, isn't it? >> stuart, 100%, you're absolutely right again here. look, this is nothing more than the or arsonist playing fireman. they're the ones, this administration, they're the ones who grove drove up food and -- drove up food and energy prices so dramatically. they're the ones when essentially cut a fifth of the dollar's value in less than four years. this is absolutely appalling. you have food prices in most parts of country up an average of 30% compared to when they took office, and yet they have the gall to stand there and to try to take credit for the fact

that now a decrease in demand is causing prices to come back down? if it is just absolutely appalling. and yet here we are. frankly, the american people, i think what they need to be most thankful for this thanksgiving is that this administration is on the way out. [laughter] stuart: dramatic ending. thanks so much, e.j.. have a great weekend. see you again soon. matt gaetz has withdrawn are from attorney general consideration. now pam bondi is up for the jobful find out what wisconsin senator ron johnson johnson thinks about her nomination later in the show. sec chair gary gensler stepping down when trump takes office. what changes are coming for the financial markets? we'll ask the sec commissioner next. ♪ i heard them singing ooh la la la, let's go dancing ♪ ♪ nergy demand continues to rise, we're harnessing breakthrough innovations

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trump wants to make the u.s. the world's crypto capital. how will the next sec chair make it happen in. >> good morning, stuart. president trump is absolutely right, the current administration's war on crypto needs to stop. there are a number of things we can do to help make america one of the global leaders in crypto. if first off, from a regulatory perspective we can provide the appropriate clarity. some crypto is not even a security at all, but we need to make clear whether or not you fall within sec jurisdiction or not. if you do, we need, again, a set of rules. so those players in this space know what to do whether it's making an offering if your a brokered dealer, how you handle those sorts of transactions, how you custody and safeguard those, what it means for asset managers. one of the other very important things we can do is create safe harbors. and regulatory sand boxes to

allow that innovation to occur. and finally, we need to work with the congress, the white house and other federal regulatory agencies the make sure we have a cohesive and comprehensive approach to crypto. stuart: you seem to have a pretty firm grass. of with where you want -- grasp of where you want to take the sec. gensler steps down on january 20th. would you want the job? will you take it? >> that's a decision for the president to make. what i can tell you is that whoever steps in that job, there is a lot of work that needs to be done to address some of the regulatory excesses not only at the sec, but at a other administrative agencies. there are a lot of new rules and regulations that were rolled out. there are a lot of unintended consequences, many of which will need to be addressed. [laughter] stuart: you sound like you're auditioning for the job because you're coming out with all the things that trump wants to see, right? are you auditioning?

are you throwing your hat in the ring? >> well, i'm just going back to my experience at the last transition we had with president trump president trump. i was fortunate to be on our executive staff as a senior adviser to acting chairman who was named by president trump the take over the agency. after the obama administration. and there are so many things like the situation was back then that need to be addressed. back hen it was many of the regulatory overreaches that resulted from implement ifation of the dodd-frank act. stuart: mark, i think your hat is firmly in the ring as of right now. mark if you way da, thank you for being with us, we really appreciate it. >> thank you, sir. stuart: i want to check the markets because we've got a sudden turn for the dow. i'm not quite sure why that happened, but the dow is up close to 300 points. the s&p on the upside, a minor, tiny loss for the nasdaq. dow winners, mic if, ibm,

boeing, honeywell and proctor and gamble. s&p winners, where are hay? super micro, copart, tapestry, ross store it is, moderna. and nasdaq winners, where are we? copart, mongo db, ross stores, datadog, moderna. well, folks, i regret to say that i have to leave you now, but i will pass you on to the very capable hands of brian brenberg who's coming up right behind me as we speak. come on in, brian. ♪ ♪ .. ♪ ♪ ♪

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what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. brian: they threw loverboy in there just for me? good morning, 10:00 eastern. i'm brian brenberg in fi