able to become. >> and i really think what he's talking about with his kid is making sure that they do work because work brings dignity, being productive, being able the make something, create something brings so much joy with. you can look at plenty of extremely wealthy people if they unmetered it and didn't work for it, they often lead unhappy lives. i think this is the best thing he could do as a father. i think it leads to more happiness for if his children. charles: and what about the notion that you could be born in the great depression and still become one of the richest persons that ever lived in this world? phenomenal, isn't it? >> that that's what you talk about all the time, yeah. charles: yep. heather, beverly, ladies both, i want you both to have a fantastic thanksgiving. we haven't gotten together often enough, but we will in the new year. i appreciate you both. thank you very much. >> happy thanksgiving. >> thanks, charles. charles: happy thanksgiving. i hand it over the -- over to the taylor riggs many for liz claman. can you kind of give this day a little bit of oomph?

taylor: you know, your ozempic if chat had we -- me going. i get long-term nervous if about those side effects, charles. [laughter] always great to see you. charles: you too. taylor: we are starting with some breaking news. president joe biden expected to hold a rose garden event at any minute, likely to give details on the ceasefire deal between israel and lebanon. israeli prime minister benjamin netanyahu just speaking in the last hour saying that he is recommending that to his full cabinet. we will be bringing you all of the breaking developments and and have a live report from tel aviv later in the show. mean while, markets nearing session highs. the s&p on track for its 52 the end record close of the year. the dow, though, it was lower but now creeping back into the green. gains are being capped by big losses from amgen. remember, that's the drug company that did not meet

sky-high expectations in a mid-stage trial for the weight loss drug. amgen down about 6.5%. we also have results from multiple retailers. best buy, one of the biggest decliners after saying that electronics demand remains weak. they lean heavily on imports from mexico and china. let's talk about tariffs. automakers taking it on the chin today because many of them produce cars in mexico temperature gm and ford are a few that we're watching, gm in particular down 8.5%. let's get right to it with our floor show. joining me now, fitzgerald group principal keith fit if scwerld and mainstay capital ceo david kudla are. david, how worried are you about these tariffs even though right now it's just a threat? >> well, it is a threat right now, but it's a threat that president trump-elect, president-elect, president trump is getting out in front of it.

he's actually doing some posturing right now with the 25% tariffs on, that are on canada and mexico, 10% additional on china, the 25 on canada and mexico are about drug cartels and migrants. but also if you think about the it, it's also a way to get at near shoring. near shoring is when china builds plants in the u.s. to be able to um port if -- in mexico to be able to import into the u.s. under the tariff agreement. they basically skirt those tariffs. so it's important because tariffs essentially are a pressure down on growth and a pressure up on inflation. that's finish the fed is trying to do the. to sit of that, deal with the opposite of that right now. and, you know, if we get another trade war like the last time, what happened with agriculture products, no one wins in a trade

war. taylor: keith, do you agree with that assessment? the pressure it may have on equity markets because of the pressuren growth? >> you know, it's hard to do. you've got to carefully pick which companies you're talking about. you've got to think about whether they can operate at scale whether you're talking about selling something once and maybe making a profit. so near shoring's important, but i think companies like walmart, for example, are going to to find a way right through this. they're going to renegotiate. they've got a lot of supply chain power. so from an investing standpoint, i'm no not so concerned about it. taylor: a lot of people look at these markets, and they're thinking if i'm not in, how do i get in? what's your answer to that, keith? >> the answer's very simple. number one, take a deep breath. but, number two, they're not as high as you think they are particularly if you're focused on with where the world's going. we run into that a lot, taylor. pick a point, any point in the last 20 years, pick a great nature stock. put your viewer on a to 20-year chart and tell me that was

expensive 10 years ago, 5 years ago, 6 years ago, whatever the stock is. the key is you've got to have guts not to get scared out of the great companies. taylor: david, what are some of those great sectors and companies that you're liking right now? >> i think when we look at what's going to be happening with our economy, with president trump coming in, the threat of tariffs and what that means to multi-national conglomerates, in that's why we're seeing more interest in small and mid-cap stocks. we started increasing our exposure last summer. it makes a lot of sense going into to 2025. there's also some areas outside, we like technology, generative a.i.. of there's a sec secular long-term runway for those stocks, but there's other areas. utilities are doing well because of the energy that's needed for these a.i. data centers. we're looking at a doubling of our energy infrastructure, our

energy needed to run these the a.i. data centers. it's just incredible what the demand will be. measures lps, that's the -- america lp ifs, that's the -- mlps, that's the poll, basically the pipeline to move energy around the cup. they'll tend to do very well as we drill, baby, drill and get even more activity. and also banks. that's our favorite sector, is the financials. they're still undervalued compared to the s&p, and we've got underwriting, credit cards at record high, near-record high rates, m&a activity is flourishing, investment banking in addition to the yield curve rather than being inverted is slightly steepening, so that'll help net interest -- taylor: you're speaking music to my ears when we get to talk about the uninverted yield curve. so kudos to you on that. keith, in the last few minutes that we have, you say you like crowdstrike. talk to me about why. >> absolutely. you know, data security is a

multitrillion dollar problem. it was a huge mistake for people to sell off because of a kerfuffle. now, granted, that was managerial sloppiness on their part, but i think we're going to see perhaps even a billion dollar quarter when they report. we've got customers deepening their relationships, a long list of nefarious players trying to do things in our world that we need to protect against. so i'm with this company for the long haul, i'm perfectly happy to buy more shares hate of earnings. taylor: i want to ask you both a final question, if a.i. is overhyped. keith? >> no way. it's the largest trend in recorded human history. it's going to fundamentally change the course of our planet. taylor: david? >> it is not, it is not hype. it is going to be transforge ty concern -- transformative for business and our society. it might be a little ahead of itself at time, but there's a long runway ahead for these companies and stocks. taylor: my favorite thing about a.i. is we get to talk in a lot

of adjectives. some say it's 8 p.m. and the party goes tim 4 a.m., it's the first inning, there's batting practice, so it gives us lots of chances the talk in superlatives. thank you both, keith fitz-gerald and david kudla, thank you. meanwhile, abercrombie & fitch's earnings dress to to impress, so why is the stock down? we have details next. and the u.s. auto industry feeling a little bit less thankful following trump's 25% tariff threat on imports from mexico. we have the mazda north america ceo on to to discuss the impact on its business. "the claman countdown" is coming right back. ♪ ♪ ♪ (alarm sound) ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪

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taylor: we have a fox business alert, smucker shares are jamming higher, get it? up by 5.5%. the packaged food companies raised the annual forecast. the jif peanut butter parent continues to see strong demand for its products even after initiating some price hikes. smuckers' uncrust,s, frozen pee mutt butter and jelly -- peanut butter and jelly sandwichs outperforming. mean while, a new a.i.-focused company has entered the chat, zoom communications. the company formerly known as zoom video communications highway rebranded as an a.i. work platform for human connection. the street was expecting a little bit more from the revenue outlook for fiscal 2026, so the shares are down here about 7%. meanwhile, investors powering nrg energy to the top of the s&p 500. shares are up almost 9. the company also at an all-time

high after it scored a buy rating from jeffreys. analysts boosted the price target up to about $113 saying that it has an unappreciated path for growth like in the home space. think doorbells and thermostats. finally, abercrombie & fitch. you guys, this stock has made a comeback. it's up 75% of the -- on the year, so i don't get too worried when they're down about 6.a 5% on the day. record revenue, double-digit sales growth for the sixth consecutive quarter. but i mentioned shares are falling a little bit after it said that costs to ship merchandise into the u.s., that is rising. meanwhile, more breaking news. the dow at an all-time high, the s&p 500 hitting session highs as we speak. this all comes as president-elect donald trump's tariff threat reviving memories of his previous term in the office. it is sending global automakers

lower. we are discussing the impact on the supply chain with mass saw north america's ceo -- mazda north america's ceo. it's next in a fox business exclusive. ♪

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taylor: we have more breaking news. crude oil, as you can see, closed down about one-half of 1% after israel's prime minister benjamin netanyahu announced

he's recommending the approval of a ceasefire between israel and and hezbollah. president biden expected to make comments at the rose garden at any moment. the u.s. was deeply involved in the negotiations for the 60-day pause in fighting. alex hogan in tel aviv with what we're expecting the president to say and what this could mean for a ceasefire deal with hamas. alex. >> reporter: hi, taylor are. so we have heard from the biden administration that this has been months of legwork to get to the point that we are in the cease fire talks with partners like france in negotiating these conversations between israel and lebanon. we did hear from israeli prime minister benjamin netanyahu earlier today saying he supports pushing forward a ceasefire and also spoke to the need of why this is crucial right now, saying that several months ago this would have been unrealistic, but to offensive that has taken place in lebanon, that really changed the game in the last several months.

take a listen. >> hezbollah decided to attack us on the 8th of october. a year has passed. it's not the same hezbollah as back then. we brought it back, decades back. finish. >> reporter: so earlier today the id the f released this footage of its forces in lebanon finding hezbollah weapons and storage sites, something that israel has been very clear on. if hezbollah were to violate the agreement by trying to strike again or moving closer to the border, israel would protect itself. >> there's two main goals; one, that they will not be able to accumulate more arsenal and go back to the military power and the military force that they held before. we are aiming to prevent that, to rebuild their strength. and the other one is to make sure hezbollah doesn't go south of the litani river. >> reporter: or the litani river is 20 the miles north of

the border, and that is where hezbollah forces would need to retreat to at least until there, there would be a buffer zone along the border that would be enforced by the lebanese army, and israeli forces would need to retreat and leave lebanon. this would be a 600-day cease fiver -- 60-day piece psi -- ceasefire. what we know at this point is that the cabinet has reviewed this new proposal. i reached out to the president's office to see if there's any confirmation just yet on whether or not this is moving forward, but if it does, the expectation is that the ceasefire would begin tomorrow morning. back to you. taylor: wow. important sufficient. alex hogan, thank you so much. meanwhile in other breaking news, car stocks plummeting after president-elect trump threatened 25% tariffs on products coming into the country from canada and mexico with an additional 10% on chinese products. you have ford, stellantis, gm honda, toyota all lower on

session. meanwhile, mazda, the american depository receipts of that stock, how is it doing today? let's take a look. you're up a little bit, right in but that doesn't really tell the story of the company's impressive sales growth. mazda sales have grown 15% year-over-year compared with the broader market'sis 1% sales growth. the company manufactures vehicles in japan, mexico and here in the u.s. but could these new tariffs put a damper on the so far stellar year? why don't we ask him? mass a ca north america ceo tom done hi are. tom, thank you so much for joining the program -- tom donnelly. i know that the tariffs are tentative right now and new, but how are you planning around this? >> yeah, thanks for the opportunity. i i would say a few things. clearly, we want, we wan policies that are going to -- we want policies that are going to support a strong, vibrant u.s. economy, right? and we've been scenario planning a bunch of different potential

outcomes here for a number of months. right now about 25% of our sales are produced out of mexico, as you mentioned earlier in your lead-in. so some of the things that we're looking at is leveraging our alabama manufacturing facility. fortunately for us, one of the big contributors to you are growth this year and the last couple years has been cx-50. the sales there are approaching 100,000 units, so we're really pleased about that. so, you know, there's obviously some headwinds with what is being proposed here, but we'll be as nimble and as adaptive as we need to be to continue the momentum that we've had. if taye would you have the capacity to increase -- taylor: would you have the capacity to increase production at that alabama plant immediately if these tariffs were to go into effect who? it would take over a period of time, for sure. it's not immediate. but the good news is in the last nine months we've put a second shift, we've activated a second shift there that has contributed

to that significant growth that we've had there. so we've diversified our supply base over the last five years as well, so there's some adjustments we need to make. and as i'm sure you're well aware, in the automotive industry none of these are flip a switch or snap your fingers kind of decisions. fit it takes a number of months at the best, but, you know, it takes a period of time if for us the make these adjustments. but as i said, we've been scenario planning for a bunch of different potential outcomes here, and we'll make the adjustments necessary to continue our success. taylor: you mentioned the cx-50, we've looked at the c, and-5, the success of this crossover suv. what is demand like this in -- in this space? >> yeah. in that segment especially with cx-5 and cx-50, it's the biggest segment in the industry, and we continue to grow. and if a large part of that has been cx-50. what has been another real nice

shot for us has been the addition of cx-90 and cx-700 which are in larger segment, let's say the three-row segment. right now they're selling at about three times the rate of what our prior model did there. and we've had those in the market for about 12 months now. so when you add on the impact of cx-50, the impact of cx-900 if 70 to, that's contributed to the 15% growth you've had. and if i could make one additional point on that the, it's not just a one-year anomaly. when you look back to 2019, so pre-covid, we've grown 48%. so far outpacing the industry over the last-5 -- 4-5-year period. taylor: you guys have done a good job at giving consumers choice. i don't want to be forced to buy an ev, i want the make a choice. if that's a hybrid, great. if that's an ev, great. if that's gas, great. you have found success in

hybrids. why is that? >> yeah, exactly. we call that our multi-solution strategy. and it really is introducing a couple years ago plug-in hybrids and hybrids recently, and you're right, it's about, it's about being mindfuof -- and we're moving on a path a -- pathway towards more electrification. we will introduce our own battery electric vehicle in the not too distant future, but it's being respectful and and recognizing consumer choice and preference in this. so this multi-solution approach allows us and our retail partners to provide the right vehicle for the consumers, and we feel like that's been a major driver of the success we've with had. taylor: do you have any cars in california, sort of a fight plague out between gavin newsom who wants to go back to the $75090ev -- 7500 ev credit, but he wants to exclude tesla from that. you're at mazda, not tesla, but

if california were to bring that back, does that on the margin impact you? >> well, california is the largest market in the industry and, obviously, for a lot of industries. so it's a consideration. and, you know, i mentioned earlier scenario planning for a bunch of things. it's something we do every day, essentially. so we'll see how that plays out. i think there's a lot of back and forth that's happening in the press and the media at this point. but it's a critical market for us, for sure. it's our home base. we're based here in southern california. taylor: yeah. the big conversations we're having too were about a affordability. how much lower do you need interest rates for auto loans that people can feel like cars are more affordable? >> yeah, that is a major factor right now. we've seen it certainly over the last 6-9 months. it's arguably the primary driver of the market, and some stagnation of the market. you mentioned the market's only up 1%. the forecasts going into the year was growth in the 4-5%

range and the primary impediment there has been the affordability. we work very closely with our finance partner, mazda financial services, to make sure that we've got a range of programs available whether it's lease options or apr programs that are competitive. taylor: okay. >> we also want to make sure that we're pricing our vehicles appropriately so that we're able to provide solutions for consumers at the right time. if. taylor: well, i have to say, shameless plug, growing up in the '80s, my mom had a bright red mazda my yacht that, and it's one of our favorite cars. tom donnelly, thank you for joining the program. we appreciate it. >> my pleasure. thank you very much. taylor: santa's little helpers increasingly relying on a. it and robots. we'll show you amazon's newest high-tech factory as it gets set to help kris kringle deliver joy around the world this holiday season. and i want the invite you to watch brian brenberg, jackie

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so you can invest with confidence. visit howard c.m. funds dot com. taylor: so session highs on all the major averages except for kohl's. ing a pretty rough start to the holiday season. the stock hit a 52-week low, the kohl's ceo announced he's leafing in january. the company reported lackluster third quarter en,ings miss -- earnings. they had a 9.3 drop in comp sales, that's year-over-year. it is now11th consecutive quarter of decline, and you have some retailers on the other side turning to tech, right? all in the midst of this turbulent time for the industry. amazon opened up its next generation fulfillment center in thrive port, louisiana, in september -- sleeve shreveport. the new fulfillment center has ten times more robotics

technology than any other site in amazon's network. joining me now in a fox business exclusive is the person behind that project, vice president on amazon's global operations team, sarah roads. -- sarah rhodes. and you're a veteran of the navy, so thank you for your service. talk to us about this robot plan. how because it work? >> yeah. well, thank you, first of all, taylor, for having me. i'm so excited to talk about our new technology and and our newest performance center that we just launched a couple mont ago. i actually had the opportunity to be down there in person a few weeks ago to see all this new technology that includes a.i., automation, robotics. the facility itself is really a glimpse into what the future of our operations looks like. it's 3 million square feet. think of 55 football fields, so it's large. taylor: wow. 55. >> yeah. that'll -- >> which is why it's in louisiana and not new york city, because they have the space. >> they definitely have the space. it is five stories. we have different types of

technology. an example of that is a robotic drive called proteus. it can move carts from one point to another. another is robotic arms, and they can move packages from one point to another. it really helps to eliminate repetitive motion, makes for a safer work environment. despite all the automation, we still have jobs for up to 2500 toemployees -- taylor: that's where i want to go because a lot of people say automation is great, except the robot's taking my job. what to do you say the those people? >> like i mentioned, we have 2500 jobs available. 30% are more technical than jobs in the past, so we do have opportunities for employees who would like to upstill concern upskill their expertise. if you get that technical expertise to help maintain the robots and the automation that is very critical to ensure that the operation continues. taylor: how much of this is a productivity play as well?

a robot can go 24/7, and i need a nap, right? if how much of this is a robot can go on and on and it's more productive than me as a person? >> well, it's certainly a balance. and our operations, even without automation, we run primarily two shifts across most of our sites seven days a week and, like i mentioned, it still takes people to maintain the automation, the robotics. it's definitely a good balance that a we have. a taye do you guys have more sites planned for this, quote, next-gen fulfillment center? >> this is the future of our next site, so the short answer is, yes. and we are looking at retrofitting some of this the technology into existing sites as well. a. taylor: talk to me more about the workers, right? are you hiring down there? does louisiana concern when you think about opening down there, to do they give you guys incentives? are they helping partner with you with local universities to to get employees in the daughter door so that you have a good work force down if louisiana? how do you think about drawing in that work force? that really is a lot of people's

concerns when it comes to robots. >> we do have operations across the country, in the u.s. over 750,000 employees across the states, of course, and so we are very humbly proud to be a great employer in these communities. we offer fantastic pay, amazing benefits. n., an employee who starts today has the same exact health benefits as i coafter being with amazon nearly 14 years. and we think about all the career understoods, growth opportunities that are available within our fulfillment centers and operations as well. taylor: you talk a lot about robots and a.i., but you're also thinking about delivering packages with electric vehicle, right? >> yes. taylor: how does that work? >> as of today, i'm really excited to let folks know we have over 20,000 electric rivian vehicles on the road in the u.s. so we're really continuing to lean in on electric vehicles. that's a big part of our operation, and we look forward to continuing to build on that technology. taylor: and i think our audience knows this, but for those who

don't, amazon is one of the largest investors in rivian. >> correct. taylor: am i right? is it autonomous driving or do i need a driver. >> we still need a driver in the rivian right now. taylor: technology is still catching up with us a little bit. what's hot right now that people are buying? >> you think about everyday essentials. we have sales going on across all of our different categories, so there are all sorts of different -- whatever minute if's looking for, it's going to be available on our web site. just take a look, and we likely have it. taylor: robots included? >> yeah, take a look. taylor: i want to take a moment the talk about your background. you're an incredible person. we've a talked a lot about the business and robots and a.i., and that's really fun and glitzy, but you were a former u.s. navy pilot. how did you transition from that into working at a. son? >> it was definitely a tough choice. i was able to achieve a childhood dream of flying fighter jets in the u.s. navy, but as i decided what my next career step was going to be, amazon kind of found me, and i

just saw a lot of amazing opportunity with the ability to work with large team teams of people, do something different every day and the ability to be challenged in a positive way. and all three of those things i still experience today just like i did on day one, just like i did in the navy. taylor: well said. thanks for being with us today. >> thank you very much. happy thanksgiving. taylor: you too. president joe biden is addressing the israel-hezbollah ceasefire agreement from the white house at the rose garden at this moment. the president saying that israel and lebanon have accepted the ceasefire deal. the proposal ends the fighting on the border of israel and lebanon for about 60 days. separately, we are hearing that israel's prime minister is saying that its security cabinet approved the u.s.-led ceasefire deal. we will continue to bring you more headlines on this as we get them. meanwhile, these self-proclaimed crypto president still yet to appoint a crypto czar. could it be a former cftc chair?

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taylor: president joe biden just saying israel and lebanon have accepted a ceasefire deal. he also said hamas must release israeli hostages captured on october 7th of last year. the proposal ends the fighting on the border of israel and lebanon for about 60 days. take a look at bitcoin, looking like it may not mitt that $100,000 mark, at least not today. just down about 2, 2 the.5%, but overall it's gained 50% since election day as investors are optimistic that president-elect trump will pull fill his promise the make the u.s. the crypto capital of the planet. fox business was first to report that trump's former cftc chairman is a lead contender for the role of white house clip sow toe czar -- crypto czar. it is a new position that could usher many a new era of pro-crypto policy in washington. crust -- chris january car low joins us now on set with charlie

gasparino. charlie, take it away. >> going from crypto dad to crypto czar. how does that happen? >> we'll have to see. i think there's a lot of consideration being undertaken right now at mar-a-lago as exactly how to get trump's crypto agenda done and what are the right pieces and what are the right people to make that a happen. >> and it's, i mean, what's being floated is a plan, a panel of kind of outside advisers to help push regulation are, advise various parts of government. it seems all -- and you had said at the top of it, at least according to some reporter reported that somewhere, i don't know her name, maybe it's ellie -- >> well, a great producer. >> yeah. i think i might have shared a byline. finish it seems amorphous at this point. is it? is there something concreted tier -- caron treat -- con trea? >> donald trump made a speech in july laying out a series of initiatives to, as he put it then, make the united states the

crypto capital of the world. a crypto council was included, self-custody your own crypto, was included a bitcoin reserve or a crypto reserve. so it was a number of -- >> but do we have anything? >> well, see, these things are hard to do. >> yes. >> for example, think about the type of people that would serve on that. they're people that have built crypto businesses, that have -- and yet government employees have to do disclosure of all their holdings. right now under a biden era executive order, government ethics order, they can't hold crypto, so they have to divest -- so is that going to be a structure where they become government employees or probably more likely -- >> so we're not even there yet. >> a lot of thought has to go into how this is structured to achieve president trump's promises. >> how much do you talk to trump about crypto? >> i had the flight of working with president trump during my first term -- delight. i haven't spoken to him since

the election. there's a lot of communication around the edges as you know how these things work. >> what do you think turned him on crypto? i remember donald trump calling it, i think, i don't want to put words in his mouth, a scam or something like that. barron trump, his son turn him? >> so, charlie, i'll tell you, in my experience with the trump administration the first time around, every time my agency had communications with the white house, every conversation began and ended with the same question, what are you doing to get us to 4% economic growth. the one thing that drives donald trump is the belief that all the mess we're many disease in terms of our mountain of debt, the only way out is through economic growth. and i think what you're hearing now is commitment to crypto but also a.i. and others, how do we turbocharge -- >> someone termed that crypto could be a road to that 3% -- >> i think -- >> was it barron in. >> i think barron played a role in it. >> it's amazing. >> but you've got j.d. vance, you've got vivek ramaswamy, you've got a lot of people

around him that really get this. >> you were up more seq -- for sec chair, you said you didn't want it because you didn't want to the clean up gary gensler's various messes. he's the current sec chair. how bad is the mess that gary gensler left behind? >> i know this from personal experience because, as you kno, i followed him at the cftc, but the mess during his time there was a mess. the talent had left the agency, some of the talent you rely on for the agency's daily activities. there was -- the agency had unionized following his departure because they felt so mistreated and had reached a federal if impasse panel because there was no agreement. one thing i'm very proud of in my two and a half years as chairman, i was able to reach the first collective bargaining agreement in the history of the agency cleaning up that mess. >> what do you think the new sec chairman will have to clean up? >> perhaps even worse than i found at the cftc.

talent has left. you've got -- what's left are dead-enders, people that don't want to come in the office. i understand the sec, they're required to be in the office one day per pay period. >> really? >> once every two weeks. >> government employees are calling it in. >> calling it in. right in how can you get all the policy initiatives that need to be done when you've got a work force that comes in the office one day a week in they've got union issues, work force issues, talent issues. they've overreached. the, e -- sec, i think for the first time in history, certainly the past few decades, was sanctioned by a federal court for lying to the court. do you know what that does to undermine the dignity and morale of that -- >> and be real clear, it's an investor-protection agency that essentially went into woke politics when we talk about environmental disclosures -- >> and politicized. a lot of the direct reports were people that have been involved in trump investigations, trump prosecutions. now, they may feel justified in that, but they don't have a

place there for them to be hired at the sec which has to be impartial. >> who do you think will be the next sec chair. >> i hope it is someone that has both institutional knowledge of the building, but a deep commitment to innovation and the crypto agenda. >> who? >> well, there's been some names circulated. i'd like to suggest my former law school classmate paul atkin- >> there was a reporter, i think, again, i think her name is ellie, who might have reported -- >> i think she has. >> i think it was me. i'm not giving her credit for that one. >> i think you both may be close to the truth on this one. >> kevin hassett at nec -- >> fabulous. i don't know if it's going to happen. i've heard the same reports. but if it does happen, kevin would be fabulous. >> trump has made a lot of promises to the crypto industry. if making us the crypto capital of the world. implementing a strategic bitcoin reserve. can he deliver on that? >> well, this is why i do think a crypto czar is critically

important, because there's a lot of promises, as you mentioned, and they're across the board. it's not just the sec chair does this. you need tax writers to make sure that the moratorium on capital gains taxes on u.s. crypto that the he's promised is done. you going to need the white house counsel's office to end the debanking of crypto. you're going to need somebody to run crypto council -- >> and you think he'll do it. >> oh, i think he's commit to do it because it's part of his -- look, trump wants to create the second industrial rev revolution america. >> and he thinks crypto -- >> part of it. along with nanotechnology, a.i., quantum computing, biotechnologies. if we can go from where we've been the last few years, resistance to innovation to really furthering innovation, we might be able to get to that 4.5% growth rate and get us out of our debt problems. >> that's a great point. there's a huge case in front of the federal courts brought by the sec, it's the ripple xrp

case, that ripple violated securities laws, deemed a part of that issuance was deemed a security part of it, sec's appealing. is the trump sec, are they going to drop the case, do you think? >> as you know, i wrote a definitive law review article before that case was brought arguing that xrp was not a security subject to the sec. it turned out that the judge sided with the view i'd expressed, half of it. >> right. >> i would recommend that it's time for regulatory agencies to drop a lot of these cases where they've lost at the trial court -- >> if you were a betting man, would they drop the xrp case? >> i think they should. >> will they? >> i would bet they would. >> that's amazing. taylor: quick question. pennsylvania, one of the states thinking about putting bitcoin on their balance sheet, that what do you make of states putting bitcoin on their balance sheet? >> well, i think it makes a lot of of sense. so trump proposed a bitcoin stockpile, as you know.

taylor: yeah. >> not a reserve, but a stockpile. there's a subtle difference. countries have been stockpiling commodities since dawn of time. we stock the pile oil, we used to stockpile gold. china stockpiles rebar and copper and soybeans. countries stockpile precious commodities. as the world's first digital commodity -- taylor: do >> do they have the financial wherewithal to manage that on the balance sheet? >> i'd have to look at that. it makes sense for the united states and it's a very forward looking one. >> are you worried that the speculation and coin outpaced technology of the block chain? the block chain is transformational technology; right? the coin is the facilitator and like the juice going through the system and you need a system. i still haven't bought a slice of pizza with bitcoin and don't know -- i mean, what's going on? >> charlie, we're the same vintage. we're old enough to remember the dot com bubble and prices got

ahead of the underlying technology and not that people didn't want to engage in e commerce but didn't want to use dialup mode umms and putting credit card information into websites and took arrival of 4g and 5g technology and arrival of paypal and other utilities and arrival of amazon delivery to make e commerce a reality. the price calls gets ahead of the underlying technology but then the underlying tensionnology catches up. taylor: we're out of time and love having you. thank you, both. the closing bell about three minutes away and markets off session highs and these are some of the intraday highs of dow and s&p and trying to get back again and appears the fighting between israel and hezbollah is nearing an end. tomorrow speaking with former energy secretary rick perry and ceo of mga entertainment and maker of popular omg and brat stalls going to be here to talk

holiday toy trends tomorrow at 3:00 p.m. eastern on claman countdown. meanwhile, incoming trump administration. >> look at bitcoin, it's absolutely nothing. you own nothing when you buy a stock. you own intellectual property and going for them and the crypto billionaire and 6 -- 6.25 billion and taped to the wall with ticket tape and going for them and taylor: tell me

what i should be buying. >> gambling and speculating and what is very bullish for the american dream is donald trump's agenda reducing regulation, reducing taxes and taking corporate tax down from 15-20. he wants to help social security and retirement and that's a very good thing for the economy and we'll have less illegal aliens in here to destroy the economy. it'll be good overall and -- taylor: do i buy abercrombie and fitz on the selloff? >> looking at since the election going for that and small stocks are up 10% but i also want investors to diversify internationally. so far international was lagged but you want to buy things when they're down, not when they're relatively up. rebalance portfolio and sell u.s. stocks and buy emerging

marmarkets and international, a, europe. that'll be a goody verse fioing fertilizer the port -- good diversifier for your portfolio. taylor: usa companies? >> these are small caps and relatively high mike yo caps. taylor: sorry we're out of time. no many bananas for $6 million for you. thank you, mark. appreciate it. drop the confetti, record for the dow and s&p 500 and dow on a record for third day and s&p notching 50 record close of the year. kudlow is next. david: hello, folks, and welcome