tv Varney Company FOX Business November 26, 2024 10:00am-11:00am EST
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again in the world stock. amgen is down 10%. the tenure treasury yield going up a little, 430. 69, 67, bitcoin all the way down to $93,100 a coin, the latest read on new home sales. ashley: not great reading. down 17.3%, annualized rate of 60001000. the estimate was 725 and a drop at 1.8%, and new-home sales. stuart: and the number on consumer confidence?
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ashley: the estimate was one hundred 11. 3, the highest reading since july 2023, a year and 1/2, the stock market helped sentiment, things are going on in washington. led to consumer confidence. stuart: now this. if you didn't get the message you've got it now, the dramatic trans formation has arrived, the president-elect is not tinkering with policy, no minor adjustments here, the second trump presidency is something very different. he won the election convincingly, won hands down in court, organized his team in record time and voters likes what they have seen, he's off and running well before he talks office. last night's announcement was a shot across the bow to canada, mexico and china. work with us on drugs and migrants or else. that is the opposite of the
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biden/harris approach, there is no weakness, no soft diplomatic language, same with the border. on day one the border czar, tom homan, will start deporting criminals, sanctuary states and cities will not be allowed to get in the way. what a change. polling goes to the border today to see preparations for the day one crackdown. we can expect day one action on energy, and the ban on natural gas experts, open federal land to drilling, ramp-up can extra 3 million barrelof the paris c goodbye green new deal. iran, watch out, trump has got you on the run. it gets worse on day one. ukraine watch out, trump is not keen on endless wars. there will be day one consequences for the justice department. jack smith spent $50 million in the attempt to ruin trump's candidacy. we are beginning to grasp the
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extent of the changes and we don't know what more is still to come. what we have seen so far suggests a trans formation of government, 70% of voters think biden and harris were taking america in the wrong direction. we are about to head in a different direction because that is what we voted for an trump is the man to do it, second hour of varney just getting started. ♪ ben domenech, trump is hitting the ground running, off and started, get out of the way is what i would suggest. >> reporter: you encapsulate it very well. the shift we are going to see in terms of policy is going to be one of the most dramatic in american history, away from the approach used by the
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biden/harris administration toward an agenda, clear about what they are expecting. the critical question, where there there will be delivery on his promises early enough on that people feel confident and sustained that confidence going forward. there are a lot of challenges, climbing out of the hole when it comes to inflation people are experiencing, price increases that affected so many people's bottom lines, kitchen tables issues the president has to deal with to deliver on, that works for people. he will be able to do that but it is going to be a hard demanding task and there's going to be a lot of people around him who weren't around in the first term. he's choosing a lot of new faces and doing that for a reason which he understands the degree to which the country is demanding dramatic change.
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stuart: politico assange kamala harris to keep her options open, would it be for a possible presidential run in 2028 or to run for governor in california in 2026. harris claim she is staying in the fight. what do you think happens to her political career? >> is she going to try to do the richard nixon imitation? go back to run in california for governor, lose and run for president again? one of these things i think is going to be a difficult issue for democrats to navigate given the simple fact they have a number of rising stars, governorship across the country including people like josh schapiro, westmore et cetera, people who would be much better candidates on the national level, kamala is trying to hold on, keep her grip on it. i don't think she will be able to do so because the democratic party understand she was handed
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a dramatic loss in a significant fashion in ways they didn't expect and they want to move on. it is time generationally to have a shift to a newer class of politician who can take on someone like j.d. vance four years from now. stuart: thanks for joining us. have a great thanksgiving. the dnc union has launched a go fund me to help staffers who were laid off after the election. lauren: they were laid off just days later with no warning, they say it is a betrayal of party values. the union $25,000 to assist the leadoff staff, with blown notice. and dnc leadership was called calais and many of those who
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were laid off were told their posed editions would be safe after election day but the dnc is marching ahead. the election of the new chair of the democratic national committee with other top leadership is going to be held on february 1st, 2025. the parties grappling with the results of the 2024 election where they lost the presidency, control of the senate and were not able to earn a majority of the house. dnc chair jamie harrison is not seeking a second term so we have some new leadership of the dnc. stuart: one more thing, donald trump considering adding an ai czar to his administration. what would that role entail? >> reporter: the main goal of this ai czar would be to keep america in the forefront of a it relevant and dominance. the ai czar would be charged with focusing public and private resources on emerging technology and also work with
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dogthe to utilize artificial intelligence or commerce their goals of rooting out waste, fraud, and abuse. the position wouldn't require senate consent so they could get to work really fast. musk is not in lint in line fo position, he will likely have a significant input into who gets the role. thanks to his role on doge he has so many things going on but he would have influence and a lot of familiarity with the technology, he was involved in open ai as well. trump has been attentive to these emerging technologies like artificial intelligence and crypto so we could see a crypto czar or a joint posed editions that would cover emerging tech czar. stuart: is there any czar on whom musk will have no influence? >> very cozy those two. stuart: check those markets, 39
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minutes into the session, s&p and nasdaq up, dow down 260 points, the loss because of one stock, amgen. let's talk trump's tariff threat, what about the dangers, the market seems to be discounting that completely. >> the market has this one right. seven weeks away, a lot of speculation. the things he is asking for are easy to solve. when it comes to this, they have ptsd from the last tariffs. a lot of product in the middle of them but get this, this time around, china much weaker than it was in 2017 so that's a big change. there may be price rises for the us consumer but they could be offset by cheaper energy which is going to deliver with
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more productivity from ai czar. i'm excited about the sledgehammer he brought to the table, i'm a simple guy. i like to look at things as easy as possible and i would also if he calls me, if you can't do it in your country you can't do it in my country. if i can't buy real estate next year military installations you can't buy them in my country. i'm excited to see how this works out because it is still speculation, they might do so. for four years we have prices through the roof some as much as 40% to 50% higher with inflationary prices.
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if i have to sit here and have prices go up a little bit be offset by artificial intelligence and lower energy prices, 200 people dying a day from fentanyl and stop the border from being held, i will do it. stuart: tell us how you feel. appreciate that. have a great thanksgiving, see you again soon. ashley, you are looking at some movers. arrowhead pharmaceuticals up 17%. ashley: surging after the company signed a broad licensing deal, it is part of a partnership of gene silencing as you say, 17 person. what about jm smucker, the maker of jif peanut butter beating estimates, raising
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annual profit forecast. the company saw study demand for the essentials. coffee, jams and spreads in the face of price increases and those price hikes help the company to counteract the skyhigh prices of coffee these days but smucker up 7. 6%. stuart: the unlikely romance that came out of the 2024 election. >> likes of this place. can't get him out of here. he likes this place and i like having him here. what do you do best? we were not able to figure it out. stuart: what does that like? we will ask maye musk. stephen smith gave a brutal assessment of democrats election performance. watch this. >> a blind man could see democrats got kicked.
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trumbeen theepublican nominee since 2016. stuart: is that how voters feel? we will ask. biden and macron friends, a cease-fire agreement between israel and hezbollah. former us ambassador to nato kurt volcker is next. [cheerful music] [phone ringing] not all multimillionaires build their wealth the same way, you have... the fearless investor. the type a cpa. the boot strapper. the boot maker. hee-ha. but many do have something in common. we all trust schwab with our wealth. thanks to our award-winning service, low costs and transparent advice, every day, over a million multi-millionaires, trust schwab with more than three trillion dollars of their wealth. ♪
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day pause that would require israeli forces to leave lebanon. hezbollah forces would need to retreat from the border with israel and the lebanese army would be in place with un workers to create a buffer separating hezbollah from israel. we are hearing the lebanese foreign minister said he hoped to this deal would be agreed on later today. he says the lebanese army would be prepared to have 5000 troops deployed to southern lebanon at hopes there are efforts to rebuild. israel's defense minister met with un several envoy to lebanon, that they enforce the border buffer zone, israel would protect itself against any threats, by which time donald trump will be taking office in washington, something his pick for us ambassador to israel mike huckabee said would make a big difference. >> i hope when donald trump
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takes office, and i believe he will reinstitute the successful policy at a maximum pressure on the iranian government, that's where hezbollah funding mostly comes from as does the funding for hamas and the houthis. >> reporter: even though these talks are underway attacks continue today. this was the latest scene of israeli airstrikes in lebanon this morning. we are hearing israel is meeting to go over the last details to see if this could happen tonight. we've been hearing over and over that there could be progress by this evening. even though it is still the morning back here at home it is in the evening here. s a lot of hope that we could be receiving word on the progress of this at any moment. stuart: thanks very much indeed. kurt volcker, former us ambassador to nato joins me now. i think this is very much in
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israel's favor. what do you say to that? >> absolutely agree. the whole point of this is to have the lebanese army take responsibility for what's going on inside lebanon and to prevent hezbollah from controlling the border or launching attacks on israel. this is meant to do that and if it works this is great and if it doesn't, israel will come back and to reestablish control on the border again. this is exactly what israel needs to feel safe. stuart: is it a defeat for hezbollah? >> i think it is more than that. the iranians reading the tea leaves, seeing trump is going to be president. they don't want to mounting liabilities with the trump administration. they want to get this under control before he takes office and this is a way of iran telling hezbollah you are done for now. stuart: is always happening because trump was elected? >> absolutely.
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these are things where if trump had not been elected the israelis would not have had the confidence to let a deal like this go forward and the iranians would have no incentive to restrain hezbollah. now that they see trump is coming and everybody is recalculating. stuart: what about the hostages in gaza? >> that is the biggest thing that is yet to happen. i think hamas will be under pressure to start releasing some hostages or demonstrate they are no longer alive because they should be fearful if trump comes in and those hostages are being held, there will be increased efforts to going against their wishes to take those hostages back. stuart: thanks for being with us. sounds like all around good news. thanks for joining us. the founder of actio's has choice words for elon musk. >> elon musk sits on twitter or
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x saying we are the media, you are the media. to elon musk, bull, you are not the media. stuart: we will ask elon's mother maye musk, which he think we are democrats no longer the party of the people? that is what one new york times analyst is saying. we will ask mitchell brown is that what his polling telling him? that is next. ♪
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corona, beers made in mexico. they will get more extensive. stuart: donald trump moving full steam ahead as his legal issues will be resolved, his top administration pics are in place. brian yannis in palm beach, florida, what is next for the trump transition? >> we announced three key appointments to the white house. director of legislative affairs and public liaison, we are waiting on fbi director and nih director. one thing that's not next is the court cases. a judge yesterday dropped the charges against the president elect for conspiring to subvert the election. we expect the court to drop the
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charges to the documents at mar-a-lago special counsel jack smith move to have both cases dismissed because doj policy, sitting presidents can't face, no prosecution. the department's position is the constitution requires this case be dismissed before the defendant is inaugurated. donald trump posted on truth social it was a political hijacking and the low point in the history of our country that such a thing could happen and i persevered against all odds and won, make america great again. donald trump said he would impose a 25% tariff on all products coming into the united states from mexico and canada, and an additional 10% tariff on all products coming in from china on day one of its presidency. trump posting this tariff will remain in effect until sometime as drugs in particular fentanyl and all illegal aliens stop this invasion of our country.
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a chinese embassy spokesperson said, quote, china/us and economic trade cooperation is mutually beneficial. no one will win a trade war or tariff war. trump views tariffs, in 2019, threatened mexico with tariffs and backed off after mexico agreed to send troops to border with guatemala to curb illegal immigration and to allow the remaining mexico policy accepting asylum-seekersclaudi warned, and could cause inflation. stuart: nate cohen, quote, how democrats lost their base and their message. democrats underperformed among traditional because of trump. the democrats lost because of
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trump, what does your polling tell you? >> they have to focus more, not solely about trump. and they talk to people like they are a sociology professor at yale using terms no one understands when people are suffering, and and the economy is great. the other two are more in the word, how the democratic system works. they have this revelation the way the republicans did. and the democrats system used their superdelegates to force him out. when the trump party, the republican party said we will embrace him as leader, the final one is there embrace of immigration. they got into these blue-collar
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communities that are normally the core constituency and flooded it with illegal aliens and high school foreign labor that displaces and lowers american wages and all prices for the people. stuart: next one for you. stephen a smith, sports guy went after democrats for their performance during the election. >> a blind man could see democrats got kicked. trump has been the republican nominee since 2016. it is clear that that is who conservatives want in the white house. it was hillary's turn in 2016. stuart: that's pretty explicit. how do voters see it? >> reporter: stephen is not wrong. people still say that harris would be their top choice. remove her from the picture because she historically underperformance. there next three on the bench our transportation secretary who believes all roads are
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racist the vice presidential pick who believes that we need tampons and boys bathrooms and high schools and the governor of a state that has had more people flee the state to go live in lands that are more free than texas and florida. i don't see who they have they can tap the could build a strong coalition of american voters. stuart: you just sunk the democrats, didn't you. all good stuff by the way, thanks for joining us, have a great thanksgiving. now this. managing director at jaguar is defending the company's move, remember that commercial on the left-hand side of the screen? backlash on social media because of that commercial. what is he saying? >> reporter: he likes the attention the video got and critics of the rebrand have a vile level of hatred and intolerance. it got a lot of attention, this video has over 163 million views and 100,000 comments, continues to go up.
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jaguar bandits legacy and gone woke with bright colored outfits and no cars. the managing director said the attention around the campaign was positive and not intended to be woke. saying in an interview, we get drowned out. we need to reestablish our brand and price point so we need to act differently. we wanted to move away from the traditional automotive stereotypes moving away from the traditional stereotypes. the rebrand is part of attracting wealthier customers transitioning to an all electric vehicle lineup. stuart: they should remember bud light, not just digressing. still had, whoopi goldberg shut down her cohost's fear mongering about trump.
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i watch your show the past two years when i went from cnn and msnbc, resigned from the democratic party and started watching fox news and now i see the truth. stuart: i am delighted to hear it. we love it. what is this friendship like? will it last? >> of course i have seen them together. i live in new york and they are in mar-a-lago or space x. it is nice for both of them to have fun. respect him a lot and happy that there's a future for america now. stuart: he wants to cut costs. he's excited about doing that. >> it is going to be easy.
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and i like to sit in on meetings. vivek and others were talking and said first of all come to work. stuart: the federal employees. >> most want to come back to work. that is an easy way. the buildings are empty and you are paying for them. i am paying for them and i don't think that is fair and you also have to have done something so if you haven't done anything in the past week why are you there. the bowling is empty and nobody has to come in unless they want to meditate or something. stuart: expecting deep opposition from the deep state and from politicians so might not get their pet project approved. >> the mainstream media, i call dishonest democrat media, they
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will be trying to break up the relationship. they will be hated. hating everything. they were dishonest before the election. stuart: do people like your son? the wealthiest man in the world. do they like him? >> i don't like the word wealthier a billionaire because i think it is degrading, the genius of the world. when they see me they go crazy because i am his mother but they love him because of what he does and respect him and i am proud of him. stuart: can't imagine what it would be like to be his mother, watching him go from paypal to rockets to tesla to one thing after another. are you surprised by what he does next? >> every time i am surprised and say don't take on something else and he doesn't listen to
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me and he makes a big change and this neuro-link, people say i don't want to, something in my head. you are paralyzed or you aren't blind, if you are blind and don't want to see then you can argue the point, you don't have to have a chip in your head. stuart: the cofounder of actio's had a meltdown after elon claimed x users were replacing legacy media. >> everything we do is under fire. elon musk sits on twitter or x saying we are the media, you are the media. my message to elon musk is bull, you are not the media. you having a blue checkmark, twitter handle and 300 words of cleverness doesn't make you a reporter any more than me -- stuart: what do you make of the
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media -- >> i think 300 words of cleverness is a great idea. people are loving it and since, since elon showed, the fbi was paying millions to twitter to stay democratic and get rid of the republicans. you and i paid to have republicans who move from twitter and now don't trust the place at all and so right. only come to fox news, nowhere else and x. stuart: i have to ask, you autographed it for me. a woman makes a plan for a lifetime adventure, beauty, and success, you are a model at one point. >> i had 20 covers of this year. stuart: did i say you were a model at one point? >> you say at one time, you are
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not following me on x and not using x much. stuart: that is true actual he. i apologize profusely. >> i wrote a story about my adventures in the kalahari desert when i slept on the ground with the high you knows. you can sleep on the floor and my parents wanted us to be independent and live with it. and abusive and running away from the 3 kids, this was unheard of. in those days women didn't do that. some women are relating to that and men are relating to entrepreneurship as a
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dietitian. i ran my own business and talked on the medical professionals, how to promote themselves but scientists are shia. i love being a grandmother, 17 blankets. stuart: when you get down to it. everybody knows you. >> if i go to a restaurant, pretty much the whole thing stands up. it is hard. stuart: before you leave the studio i will get a picture with you. it was a pleasure having you with us. in new york, alvin bragg and attorney general t sure --lei --leiticia tried to trump trump
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out of the race. laws about fair fail. informed americans, watch this. >> very uninformed about reality, what is really going on, with climate change, ukraine, you name it. stuart: brian kilmeade is fired up about that next. (husband) we just want to have enough money for retirement. (wife) and travel to visit our grandchildren. (fisher investments) i understand. that's why at fisher investments we start by getting to know each other. so i can learn about your family, lifestyle, goals and needs, allowing us to tailor your portfolio. (wife) what about commission- based products? (fisher investments) we don't sell those. we're a fiduciary, obligated to act in your best interest. (husband) so how do your management fees work?
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♪ ♪ stuart: here we go, the dow was down 260, modest gain for the s&p and the nasdaq. best buy cutting 4 years forecast because of softer demand for consumer electronics, stock is down 7%. abercrombie and fitch lifting their annual sales forecasts with strong holiday demand, stock is down 6%. 10:51, that means brian kilmeade joins us. alec baldwin claims americans
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are uninformed about reality. >> there's a hole, there's a vacuum, there's a gap, if you will, in information for americans which americans are very uninformed about reality, what is really going on with climate change, ukraine, you name it, all the biggest topics in the world, americans have an appetite for a little information. that vacuum is filled by the film industry. stuart: did you listen to that? the gap is going to be filmed by hollywood? brian: a marvel movie fills in the gaps of my knowledge or is it gladiator ii? he is over in italy getting a lifetime achievement award, he's got all these kids have a great time in italy but the torino film festival at which time his lifetime of
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achievement but, a brutal 3 years as anybody in the film industry from, the executive producer and the guy holding the gun that killed his friend and he has to go through the trial and he beats it and get out and you would think he would be a little bit happy, he has to rip america in italy because we elected donald trump. i'm talking 75 million people. a lot of people are reading a lot more than you, you are very good actor in your day but if you wouldn't mind not putting down the american people's reading comprehension or ability to read and understand books because we don't agree with you, he's talking about the permafrost in the arctic. you could focus on that. we have this other thing we got to get going plus a lot of world issues we've got to handle and a checkbook we got to balance and if anyone in italy is watching us right now
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can we be the counter narrative? we do read a lot and understand more than alec baldwin thinks. stuart: listen to the view's whoopi goldberg shutdown anna navarro as she tried to fear monger about trump. >> we have to wait and see. we can't do anything else. >> i'm not going to wait and see. >> what are you going to do? nothing to be done until you know what you are fighting. you just get -- >> what i am saying is i have no false expectations that it 78 he is going to suddenly turn into -- >> i spent weeks telling people he was apocalyptic. not going to change now. stuart: we better get used to this. after the inauguration it gets worse. brian: i watched the clip to get ready for your segment.
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whoopi goldberg made a statement, tied of being angry all the time, making opinions and projects what he is going to do. i will react to what he does. you've got 55 days to see who he nominates and see him make a bunch of impactful decisions. i think that's a reasonable thing to do. anna navarro who is supposed to be a republican just yells that you can't possibly understand how bad this guy is and to me whoopi goldberg said to herself she made a statement two months ago i would quit if i could afford to and maybe she said if i go through four more years i can't really do it at 10 plus. i need to understand what happened that day and react to that day and just when she tries to make sense as the key moderator she gets yelled at by three people who normally agree with her. she must have went to make up today and said how do i win here? why do i try?
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stuart: you are having far too much fun in the trump era. brian: hasn't started yet. stuart: you are all right, hope you have a great thanksgiving. brian: hope you have a better one. stuart: still ahead. progressives plan to work with trump but it may not be all in the name of bipartisanship. reported imminent hezbollah israel truce in israel's favor. john levine on a new york city democrat urging his party to end sanctuary policies. and jack smith dropping all trump's federal criminal cases. the 11:00 hour is next. ♪
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