stuart: okay. we are talking about a national holiday, different from a mere celebration. i will say franklin roosevelt. lincoln made a permanent national holiday, established that. you can catch the latest of martin scorsese present to the saints, fox nation. >> come and be baptized in the river jordan. >> jerusalem. >> i am preparing the way. >> how much longer are you going to let this filth stay alive? stuart: okay. you've got to watch that. take it away.

>> they let me back in the building. a head on coast-to-coast trump taking aim at china, mexico and canada with the hour of higher tariffs, immediate reaction pooling the dow down. what this means for the economy and national security. let's get started here. the first up, hillary vaughan investigating donald trump's tariff plans. >> canada and mexico responding to donald trump's tariff surprise. justin trudeau spoke to trump saying it was a good call and they talked over the quote, mexican president claudia scheinbomb is sending a letter and threatening a tit-for-tat

tariff war between the us and mexico. >> until we put our common businesses at risk. for example mexico's main exporters are general motors and ford motor company which came to mexico 80 years ago. it is not acceptable, and calls inflation and job losses. >> trump made the announcement on truth social the tariffs were coming their way. trump doesn't feel canada and mexico are doing much to stop drugs and criminals from coming across the border. trump says his first day as president he is slapping canada and mexico with a 25% tariff on all product saying, quote, this tariff will remain in effect until such time as drugs, in particular fentanyl and all the illegal alien stop the invasion of our country but mix going canada have the right and power to easily solve this long simmering problem. they use this power and until

such time as they do it is time for them to pay a very big price. democrats worn americans will pay the price for these tariffs through high prices. >> he thinks tariff is a more beautiful word than love. he means what he says, but when the practical consequences are known to consumers and they see higher prices of goods, i think the reaction is going to be hugely negative. >> reporter: the top import from mexico to the us are tech equipment, electrical equipment, oil and gas and beverages and that includes tequila. edward:we will see the reaction not to took ila but we will see the reactions to this. for a read on what the tariffs good mean, forbes a media ceo

steve forbes and bob nardelli. as former chrysler ceo should trump be implementing 25% tariffs on goods from china or canada? this affect anyone buying a car as parts go back and forth across the canadian border a couple of times. what would be the effect of that? >> thanks for having me on your show. we have lived through this before. the companies i've been involved in, we had these tariffs before and worked our way through it. it is no different than the 9% inflation, still dealing with 40% wage increases, materials, precious materials, if i could share a personal note from the senator who just spoke. as a father, i hope the father's and mother to have children and grandchildren don't have the experience we

went through with our children and grandchildren having two home invasions and rendered helpless. the trade-off is not discussable. it, we've got to get rid of this lawless society, these criminals that are coming into our country and attacking our families. the price you can't put on your children and grandchildren. edward: donald trump likes to use the tariffs. what do you think of this move? >> one reason the markets haven't tanked on that kind of news is because people know donald trump will use it as a negotiating tool to get a new agreement. in terms of mexico, it's getting back to the status of people crossing the border that we had in his first term. we had few people crossing illegally, mexico had an agreement with us to keep people in mexico or prevent him from going into mexico from central america and elsewhere.

the old status quo should come back. it will be beefed up. i say this is a negotiating tool that got the attention of canada and mexico. and they come to agreements, mexico may have a harder time swallowing but they have an economy that could have been leading the world now and it isn't because they had rotten president before and if she continues those policies we will have another problem from mexico because of a iran economy sending people across the border so i see this as around one of 8 negotiations that both sides can come ahead. edward: we heard the deputy prime minister who negotiated the us mca, canada and the united states have one of the strongest and closest relationships when it comes to trade and border security. canada places the highest on border security and the

integrity of our shared border. we will discuss with the incoming administration according to u.s. customs and border protection, fiscal year 2024 there have been 19,200 apprehensions at the canadian border, more than the last 17 years combined, there is a problem on the northern border. >> there is. this gets the attention of canada and mexico that the old status quo under this administration is over and their measure is going to be taken. we don't need terrorists there or here. mexico has the bigger problem that i think she's going to have a hard time facing up to. the power of the cartels, mexico is becoming a narco state and that is bad for north america. also a problem with mexico is mexico has been violating the

agreement post-nafta agreement, they violated in terms of energy and other areas so there's a lot to discuss and he's got the attention and hopefully she will realize it's in the interest of both countries to get this thing back on track. >> is this the right kind of stick for canada and mexico, is that enough? >> and it is a negotiating to, it will get their attention, the invasion we occurred in the last 3 years, it is devastating to our society. edward: the mexican president saying this morning possibly impose our own tariffs, are you concerned with that escalation? >> it's very possible.

but again, this will bring us back to reality. you don't want to self-destruct mexico or the united states or canada but get control of open borders and infiltration and there will be financial pain. we went through this before with 9.1% inflation and having to endure that while the rates come down, nobody has backed off on price. if you look at the auto industry is under sees because of this ev mandate, people aren't buying cars now. you can see the magnitude of layoffs taking place, $6 billion written off because of this debacle so there is a cost but the trade-off is more than fair of what we are going to get out of it. >> 10% tariffs on chinese goods above whatever tariff is on right now unless they stop the export of the drugs that make fentanyl.

listen to kevin o'leary. >> they cheat, they steal, they copy, fly the markets, these guys play dirty and have been doing that since 1999 not just in the us market, everyone is getting screwed by the chinese and as long as we give them the kumbaya treatment, bring them to the table through the stick and pain. edward: his 10% tariffs enough to stop with fentanyl? >> it gets their attention but goes beyond the tariffs in this case to basic security of the united states, openness of the south china sea and other security issues that are out there. i see this as part of a broader problem with china and they've got to know they are not going to run the world, or a

different administration with no more appeasement, a world in which liberal values, the traditional sense of liberal values prevail. that is going to be critical. china does not take us seriously in terms of military and other things, donald trump is going to change that. edward: that was a great discussion. bitcoin falling below 93,000 as the massive crypto rally took place after trump's election and begins to reverse course. joining me is chief market strategist kenny polcari. it's close to $90,000 a coin. that proven volatility. >> es. nobody should be surprised. bitcoin went apoplectic after the election, 45% in the vote 2. 5 weeks since the election was over. it was a little bit out of control.

last friday when we traded 95,500 we were ever so close to just kissing 100,000. you thought we were going to do it just because it was so close. when it failed to do it, the trader types took a little money off of the table because of the move it had and expect to digest that. it is down 77,200. it goes straight up so there has to be some digestion. >> this is ceiling you are seeing? they are going to take a little off the table to gain a little more. is this one step backward three steps forward? >> i own bitcoin, there's a future in it. i think it does but it got a little overextended. the administration's crypto friendly, they are less about regulation so that is positive for the crypto industry.

and this is a short-term pullback after what was a dramatic move. not only the last 2. 5 weeks but what is up to the year over one hundred%, one hundred 40% or something. >> in the last 30 seconds i want to ask about the markets, the dow was down a little bit, down a little more than a quarter of a point. that has been dragging the s&p and nasdaq in the green. is it based on the tariff announcement? is that what this is about? >> maybe a little bit but i agree with steve forbes, the tariff is negotiating never and will bring people to the table. everyone is getting nervous about, i think it is more of a negotiating tactic. i think it is a little bit of movement. look at what the dow has done, 400 to 400 never mind what it is done in the last two weeks so again it is just about the market being ahead of itself

and adjusting but never really did that between november 5th and november 6th but nothing went straight up, never digested that movement and fill the gap so not surprised to see us churning up. i would love to see it back up a little bit. i want to buy it on weakness and don't want to be chasing it. edward: we will find a topic you are not passionate about. smoke rising over beirut, the reported ceased fire deal, a live report on where those stocks stand after the break. (grandpa vo) i'm the richest guy in the world. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on.

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who accepts medicare patients. so call unitedhealthcare for your free decision guide... and get help protecting yourself from those out-of-pocket costs medicare doesn't pay. oh, and happy birthday... or retirement... in advance. >> cease-fire deal between israel, hezbollah, and lebanon, very close to being sealed. we will hear from benjamin netanyahu at the top of they are. alex hogan is live in tel aviv digging deeper into this deal. >> reporter: this would include a 60 day a pause in fighting, israeli forces would need to leave lebanon on the southern border, and along the border would be a buffer zone, created

by the lebanese army, the foreign minister hopes the deal will come to fruition. the lebanese army is sending 5000 troops to southern lebanon if possible and hopes the us will be able to help the efforts across the country to rebuild. 's relapse defense minister met with the special envoy to lebanon, that these army officials along the border are not able to enforce and protect this buffer zone, israel would protect itself against any potential threat, something mike huckabee, the president-elect argues is crucial. >> the prime minister is doing the right thing by trying to say let's see if we can get away and quick bombing ups and throwing missiles and rockets but he's very smart to restart

the fighting when hezbollah breaks the truce. >> cross-border attacks continue tonight searching through the rubble and debris in lebanon after israeli airstrikes like this one took place and we just received dollars of drones headed towards the third largest city in israel along the border on the water. just showing that even though these negotiations are well underway doesn't mean the fighting is slowing down. the goal is there could be a cease-fire brokered tonight and we are expected to hear benjamin netanyahu speak on this in 40 minutes time. edward: thank you, dinnertime in tel aviv. we have nebraska senator pete ricketts joining us from the foreign relations committee. we are close to a deal. >> to allow his forces.

to be able to get something done there in advance of the trump administration coming in. part has to be the idea to enforce it. we've seen the lebanese army keeps hezbollah away from israel's borders and they fail. since the resolution was passed in 2,006, this has never been a course, the un forces were worse than useless. i am very skeptical of what the army can do. the idf has to go back in and enforce this if we get a cease-fire. edward: the 60 day timeframe coming in, is the fact that we are talking about this is a factor of the election of donald trump, since the election it is a message from iran and the middle east in general.

>> president biden was an appeasement first policy allowing iran to have hundreds of millions in oil money, is why we have this trouble in the middle east right now. hezbollah has been attacking israel but it started with the attack from hamas and gaza, directly because of iran funding them and president biden's weakness. when you have a strong president like donald trump it is hard to, dictators are afraid so we will see a greater level of respect to. it is clear nobody respects the united states around the world because president biden's appeasement first policy project weakness and 60 days to get a new president and who said he won't holdback weapons from israel and these dictators and terrorists know there's a new sheriff in town.

edward: you called for confirming marco rubio who gets high praise for secretary of state but what about tall seeing gabbard as director of national intelligence. she is compromise, what do you think about that? >> i think marco rubio is going to be a great secretary of state. i worked with him directly at ease clear eyed about the dangers we face in the world so i'm excited about that opportunity. i've not met tulsi gabbard so i can't comment on her directly but i'm looking forward to talking with her. she has military experience. having a conversation with her to talk about it and keep an open mind and the confirmation process will include the hearing, the process i am looking forward to going through with all nominees. edward: why are we hearing more noise about her? is it because she left? >> lo democrats are never happy about anything.

they are mad about the world and what is going on, they've been unhappy since the election because the american people have given donald trump a mandate to fix our border, get inflation down, get crime under control, the democrats used to be the party regular people and got away from that and are more concerned about boys playing in girls sports and this is part of the morning they are going through because they don't have a direction the american people are looking to see. they are mad about everything. edward: i love talking to the man with the best hair in the senate. today's -- two days until thanksgiving what holiday travel picking up but a winter storm could impact some travel plans. give us a preview.

lydia: the holiday travel season officially underway. it is a travel nightmare for some. a shortage of air traffic controllers is causing problems creating delays for hundreds of flights across the area and newark international airport. i will give you the latest on how we are doing today after the break. don't go away. ♪

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edward: hopefully that's not the type of travel nightmare you have to deal with this travel season as record number of american started to take to the skies ahead of thanksgiving. one major airport dealing with issues. lydia, what happened at newark international airport?

lydia: newark international airport was a big travel headache for all the travelers passing through the area. what we are seeing is security just behind me. it appears the lines are moving along but the tsa said they are prepared to screen more than 18 million travelers this thanksgiving holiday week. of that would be the busiest travel season for the tsa on record. as you mentioned, we saw hundreds of flight delays at newark caused by a shortage of air traffic controllers. we talked to one traveler who heard about the big mess. >> i hate that it's an inconvenience. i was going to change my flight earlier, i wanted to stay for class. it was devastating.

lydia: the shortage of air traffic controllers comes as the faa exceeded its hiring goals for the year but they don't have enough, the faa is telling fox business staffing issues force them to slow traffic into newark yesterday. and hour and 1/2, some delays as long as 3 hours. are we are doing a lot better. the faa is forecasting more delays possible throughout the day into the 10 p.m. hour for newark, jfk and laguardia. asia we are tracking throughout the day on fox business. we have more coming up so stay with us after the break. edward: millions of americans on the roads and the airport

ahead of thanksgiving. major winter storm is moving across the us and could impact travel plans. adam klotz, give us the bad news because this is what we do. >> the big one we are paying attention to the next week, snow moving across the mountain west, then this pesky system folks in the northeast are dealing with on its way out but certainly has slowed down travel on this tuesday. the cities in the west and cities in the extreme east, the storm that sweeps across the country's want to pay attention to. tuesday into wednesday settling itself more so in the center of the country when you get to thanksgiving and running into black friday, looking up the

east coast so that's the one to pay attention to. once it moves through the area you are looking clear behind it but if you are still waiting to travel the biggest slowdown on wednesday as it moves across the country, the denver area, heading out to the mountain communities, that could slow you down and we watch it markets off across the country. by thanksgiving, all of that energy and rain is pushed to the east coast, things are looking clear but on thanksgiving day, rain, showers in northern latitudes, snow as the system moves in that direction and on black friday the system has cleared out. maybe a little snow in higher elevation with cold behind it in some areas but that's the one we are watching. if there's any slowdowns it will be a big system marching across the country. edward: i will have to dress for rain for the turkey trot. looking like the weather could

disrupt thanksgiving but maybe not black friday plans. retailers having mixed signals what to expect from consumers but the national tree company says demand is strong. chris butler joins us now. last year there were supply-chain issues but not the case this year with artificial christmas trees. right? >> reporter: we had the port strike a little earlier and that did not suppress demand. demand has been middling depending on the retailer, some retailers have been struggling. we are expecting a large black friday, everything we are hearing from consumers says they will wait and make the purchases. edward: are your sales a bellwether with what happens with the greater consumer for this holiday shopping season? >> we are discretionary items, quite a good bellwether.

post next monday we will have a good idea how strong discretionary spending is because the large item, number one search item in this period, pretty good bellwether. edward: you think this is a good sign even though the holiday shopping season is shorter this year. >> it has been shorter and we see soft demand but we are seeing some good moments from here so this is what it is all about for myself and to many many other retailers this weekend where the rubber meets the road. liz: where do you store the rest of the year and how does that work? >> it depends on the size of the home or the apartment, people with basement or

garages, these trees are very sturdy and they fit into that box and it doesn't take up much space at all in terms of smaller trees so this is a good storage opportunity with storage bags through the mail. edward: my wife wants and artificial christmas tree. i love going to cut down christmas trees so here's a chance to convince me artificial over real christmas tree? >> we love that people celebrate with trees, 80% of americans celebrate with trees, 80% of people celery with an artificial tree so you're in the minority but the biggest advantage of a real tree is the scent and smell of the real tree. we bought a company, all the sticks you can hang on your artificial tree that smelled like christmas. i would say artificial tree

plus christmas with none of the mess, none of the hassle, last for many years, can't be that combination. edward: i am sure i will hear about this conversation after we get done. appreciate it and congratulations on the christmas tree coming back. appreciate it. walmart becoming the latest company to join the trend of pulling back on dei policies. we will take a closer look after the break.

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or just ask for this free guide to compare options and learn more about the only plans of their kind with the aarp name. so set yourself and your future self up with an aarp medicare supplement plan from unitedhealthcare. smart now, really smart later. edward: walmart announced it will be joining a list of major firms pulling back on dei initiatives. the author of go woke go broke, charlie gasparino is here. what was the epiphany that walmart had? charles: the same epiphany budweiser and target had. the american people are tired. i wrote a book on this subject. excuse me if i ramble. the american people are tired of being preached to about cultural stuff.

one other thing about dei and we should say what it is, diversity, equity, and inclusion, policies that are installed by hr departments, that makes intersection analogy, your race, your sex, your gender preference a plus when it comes to hiring and promotion. we should point out that is illegal right now. there's no two ways around it. corporate america may find out if they keep going if there, they might find out in court but here's why it is illegal, when the supreme court struck down the affirmative-action bias used by major colleges i believe that was based on title vii of the civil rights act, essentially public accommodation. i get title 6 and 7 mixed up. title vi is employment. if i got it mixed up excuse me but each title essentially is written the same way.

what applies for public accommodations will apply in front of the supreme court so dei is unconstitutional and walmart or jpmorgan or whoever is going to pay the price. i can tell you this is like walmart announced it or made a public statement about it but corporate america is struggling its dei policies. they know they have a legal liability. merchan some of the other companies you mentioned have been losing money based on dei, walmart has been seeing more people turn to them. it sales are strong. is it more about upsetting future customers? dei i told you what it is. it is illegal. they are, who knows when this began but i can tell you the

minute scotus ruled on affirmative-action i wrote a column for the new york post that it is now going to be seeping into corporate america, dei believed reversed because title vi and 7 of the civil rights act are the same and companies are liable for this, you can be sued like the university of north carolina, you can' t do this stuff anymore. not only that but people hate dei and can't stand woke and don't like being preached to, target, when they celebrated a month of nonstop virtue signaling about intersection analogy for sex, it was pride month, average shopper looked at that and said why am i taking my kids to this store if this is what i tell them about. they were celebrating a sexual preference in a store that

sells cheap goods to working-class americans. think about that. "america's weather weekend" edward: appreciate that. this topic, we can expect government dei policies to be rollback as elon musk and vivek ramaswamy look to cut costs with the department of government efficiency which is starting to interview candidates for jobs and might be drawing inspiration from a decades-old interview. >> department of agriculture is gone, department of commerce abolished, gone, department of defense, keep it. department of education, gone. energy abolish. from 14 departments down to fundamental functions. fundamental functions. defend the country. divided mechanism whereby individuals can adjudicate or

distribute, protect individuals from being coerced by other individuals. edward: milton friedman 1999. former assistant secretary of state for economics and business affairs. in the first trump administration. joins us now to discuss this. let's talk about doge. you see the inner workings of departments, you see how things get done, will there be areas to cut for this doge hc? >> i would like to see as americans, regardless of our partisan stripes, we need doge to succeed. our federal debt hit $36 trillion where our deficit spending is $2 trillion a year. we must get that under control. vivek ramaswamy and elon musk have set for an up have to provide a blueprint, they won't solve everything in two years but started looking at what departments don't we need,

where can we cut spending, i wrote something where i recommended looking at duplicate of spending, looking at redundancy. there's a lot we can cut without impacting programs that the american people need. edward: you think they will find something but will they cut it? those are two things? >> one of the things i recommended was not only finding the cuts and the areas where we can cut spending but working with congress. to be sustainable executive branch orders can be reversed by the next administration. just in order to have a real, sustainable, meaningful program a lot of this has to be codified. we have two years of a relatively friendly congress to the trump ad. i am hopeful those will make the inroads into us congress that they need to do what you said to accomplish that sustainably. >> to cut something.

>> two years is enough to create the blueprint. i don't think those cuts will happen in two years but the master plan can be created. you will recall under ronald reagan there was the grace commission within 18 months they had a series of corporate executives, fully privately funded, they did not operate at government expense and made certain recommendations but one of the failings there was their lack of ability to work with congress to make sure congress, that is one of my top recommendations. sustainability. edward: should products, illegal crossings continue to come in, 10% on china to stop exporting the fentanyl drugs. what effect is this having on other countries and our economy in the us? >> this will send a message to everyone that donald trump

plans to take the national security of the american people seriously. isr report that there are pounds equaling tons of fentanyl coming across the border. this has disrupted american society, our economy. we need to stop the flow of fentanyl across the border and we know that china is intentionally dumping fentanyl into mexico to get it into the united states, donald trump is using economic leverage to stop this. that tells you he's taking national security and border security seriously. edward: donald trump is using vast consumer power as a tool for policy. what do you think of that? >> we should use all levels to make sure the border is secure and make sure we can create an

economy in the country that the american people need. into the trade organization, and global international trade and the chinese do not, they've stolen our innovation, intellectual property for our own benefit to the detriment of the american economy. we are getting our money back from them. edward: what's the key to bring down prices, prices have remained high and are not coming out. what is your key to bring prices down? >> the most important thing the biden administration did not do is looking at energy costs. if you think about trucking and freight, if it is very expensive just to get the goods to market though goods will cost more.

let's look at regulatory burdens, preventing them from growing, flourishing, hiring more people, regulatory burden, energy costs, a lot of things to cut the red tape to bring prices down. 36 trillion of debt relates to inflation, debt and deficit spending are all contributing to high inflation, we have to get that under control and i believe they can do that. edward: thank you for coming and. stay with us, more coast-to-coast after this. ♪ ♪

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edward: calls shares thinking, the retailer reporting another sales missed and the chief executive abruptly stepping down just days before the black friday holiday kick off of the season. trump's latest tariff proposals, and preventing 20% tariff on all goods from canada, 25% on mexico, 10% on china. this affects affect anyone buying an american car because the parts for one car goes back and forth across the canadian border come multiple times on this. uc you see general motors down 8% leading ford motor company down, tesla is up on this news. obviously a friend to donald trump, here to take you through the next hour.