maria: all right, a big thank you to our fantastic panel, and from all of us -- us, have a very safe and happy thanksgiving. thank you to our amazing

audience. ashley webster in for stu right now, take it away. ashley: thank you very much. good morning, everybody. yes, indeed, i'm ashley webster in for stu varney if today. donald trump rolling out new late night picks, among the new hires, jamison greer as the u.s. trade representative. economist kevin hassett will lead the white house national economic council. he also served in trump's first term. and jay bhattacharya with, he's a staunch. critic of covid-era policies, he has been nominated to lead the national institute of health. meanwhile, kamala harris resurfacing three weeks after losing the donald trump. in a new video, she thanked her supporters but says she still feels emotionally heavy after her defeat. as for her campaign advisers, well, they're still making excuses saying that harris didn't dodge interviews during the campaign, but she did have to deal with bad questions. i kid e you not.

all right, let's get to the markets. kind of treading water in the premarket a little bit today. dow has been moving just up ever so slightly, but the s&p and nasdaq down also ever so slightly. we're waiting for the pce index to come out at 10:00. that is the fed's to favorite inflation gauge. we'll see what that tells us. meanwhile, bitcoin just below -- just above, i should say, $94,000. can you believe that? is $100,000 just around the corner? let's take a look at gold, also moving high higher slightly, up about 1%, and the price of oil has also been going up ever so slightly, just around $ 9969 -- 69 a barrel. overseas, an israel-hezbollah ceasefire keel went into effect overnight, this bringing a highly anticipated of 600- 60-day break in the war. back in the u.s., incoming

border czar tom homan visiting eagle pass yesterday with texas governor abbott bot, and he sent a warning to democrats who may try to defy trump's deportation orders. he say, don't the u.s. us. holiday travel could be tested as winter storm warnings in place as nearly 80 million people are expected to travel over the thanksgiving holiday. thankfully, i'm not one of them. it is wednesday, thanksgiving eve, november the 27th, and "varney & company" is about to begin. ♪ ♪ there's a star man waiting in the sky. ♪ he'd like to come and meet us, but he thinks he'd blow our minds. ♪ there's a star man -- ashley: thank you, producers. what a way the start. david bowie, star man.

he'd like to to come and join us, but he thinks he'd blow our minds. sixth avenue heading towards central park. of course, the big thanksgiving day parade tomorrow. all right, let's get right to the news, and there's always lots of it. president-elect donald trump announcing new, key picks for his administration. they're coming thick and fast. good morning, lauren. who else is donald trump bringing in? lauren: kevin hassett will lead the national economic council, putting him at the center of policy debates about trade, tax taxes and deregulation. the position does not require senate confirmation. jamison greer has been selected as the chief trade negotiator, a position that does require senate confirmation. greer was a protege of robert lighthizer who has yet to take a role in the trump administration. greer worked with lighthizer and trump to negotiate the u.s.-mexico-canada trade agreement during trump's first presidency. and dr. jay bhattacharya will work under are, fd jr. as -- rfk

jr. as heads of the national institute of health. bhattacharya was one of the first to say lock lockdowns were harmful to mental and physical health. he will be responsible for public health research, ashley. ashley: lauren, thank you very much. now coming to us, president-elect trump's florida classified documents case, guess what? it's been officially dismissed by an appeals court. trump was accused of sharing classified information and improperly storing documents at his home in mar-a-lago. todd piro joins us this morning. todd, great to see you and, my goodness, another victory for donald trump. >> yeah. i'm going to put a qualifier on this. now it's been officially officially dismissed because yesterday the appeals court officially dismissed it, now we have an order officially dismissing it. the overall takeaway is these cases are done, fin if ito, they cannot be revived, it's over. keep in mind there are, at least

in one of the jack smith cases, two other defendants that i believe he is still prosecuting, so we need the pay attention to that. what happens if they get convicted, will trump pardon them. still a lot to watch there. with regard to donald trump, he's free and clear now. it remains to be seen what happens in the new york cases. ashley: yeah. that's the other one we're waiting to see what happens there. todd, i want to move on. in a new poll, president trump's favorability rating hit 54%. it's up 6 percentage points since the election. meanwhile, joe biden's approval rating dropping to 36%. that's a 4-year low. we also just had another poll the other day showing most people approve of this transition and the way it's being handled. i've got to tell you, todd, people are ready for a change, right? >> and you know what clued me into the that, ashley? november 5th. [laughter] i don't understand why the mainstream media was, one, so shocked when donald trump won, and they're still the shocked now that his approval rating has

gone up. it's because the people that donald trump is putting in place despite what the main steam media says are the people that the american people are excited about. hay like the fact that they're going to have this change. there's going torque to to be, dare i say, a sea change. there's going to be a fundamental transformation of our country because the rank and file american is not happy with the way hinges are. that's why they voted for trump, that's why they voted for his eventual nominees. and now that we see nominees, they're pretty happy. ashley: you know what? you should tell that to the harris campaign, talking of which, listen to what jen o'malley said was to blame for harris' poor interview performances. listen to this. >> we would do an interview, and to stephanie's point, the questions were small and process-y and about, like -- >> dumb. he were dumb. >> -- up against a narrative that we weren't doing anything or we were afraid to have interview is the is completely

bull [bleep] and just gave us another thing we had to fight back for that trump never had to worry about. ashley: you know, todd, they just don't get it, do they? bottom line, kamala harris was just a very poor candidate who had problems answering any question, right in. >> that is the fundamental answer to what we just saw. but there are two other responses. one, she saidst it's b.s. that they didn't comedia interviews. it took them 38 days today their first real sit-down interview. that's' a problem. and with regard to attacking the questions? they were softball questions. you could have said anything you wanted, yet you failed with the9 softballs, so you didn't even get the hard ones. it was a failure from top to bottom. your candidate and your preparation of her was the problem, not the questioners. and not some random timeline that you're trying to lie and shove down our throats now.

ashley: right. and they clearly did not learn anything from what happened in the end. anyway, todd, stay right there. good news is you're with us for the hour. >> yes, sir. ash we appreciate this. appreciate that. now this, canadian prime minister justin trudeau responding to trump's 25% tariff threat. what's he saying, lauren? lauren: he responded immediately, and he is optimistic9 that the two can work together. >> id had a good call with donald trump last night again. we, obviously, talked about, laying out the facts, talking about how the intense and effective connections between our two countries flow back and forth. we talked about some of the challenges that we can work on together. it was a good call. it's, it's -- this is something that we can co. laying -- we can do. laying out the facts moving forward in constructive ways, this is a relationship that we know takes a certain amount of working on, and that's what we'll do. lauren: it was a good call.

so it might be politically wise for trudeau to work with the president-elect. if you looked at his approval rating in canada, it is dismal. canadians have rejected his progressive policies and their high cost of living. he's up for re-election in one year. so why would he come in now and alienate his largest trading partner? so he's working with them. ashley: yep. it's all about negotiations, right? lauren, thank you very much. jacob sonnenshein joins me now. great to have you here this morning. goldman sachs is warning of, quote, significant consequences from trump's proposed canadian tariffs. what do you think? >> first of all, you know, canada, yes, is a trading partner if with the u.s. it doesn't represent a huge portion of trading, you know, for the u.s. economy. just to put this in context, you're probably looking at in terms of the extent of tariffs that are going to to actually go through, obviously, we really don't know yet, but it really

can't be much more than $2-300 billion. i spoke to an economist who thinks it's more like $150 billion. of that low hundreds of billions, canada's not a huge slice. so this is not going to be massively consequence, for the united states -- consequential. canada may be a different story. i don't know the canadian economy that well, but for the u.s., this actually isn't that consequential. ashley: all right. let's talk about the markets in general. into the end of the year, are we going to get our santa rally, jacob? >> yeah. i mean, you have to say, first of all, if you asked anybody that in november, somebody says probably most likely. but what i'm looking at right now is that the s&p 500 is very close to breaking out above roughly 6,000 to a new record. if it does that and we know that sentiment has been so strong, look, i think the market is very expensive, and it's got some risks and, you know, you could

take a little bit of a break in the next, you know, few months or whatever. many december, a few weeks from now with strong the sentiment and a breakout to above 6,000? yes, i would have to say stay invested, probably a santa rally. ashley: thank you, santa. we're already out of time, jacob. thank you so much for being here. we appreciate your bullishness. always welcome. coming up, kamala harris gave her first remarks since conceding the election. watch. >> i still strongly believe the light of america's promise will burn bright as long as we never give up and we keep fighting. ashley: yeah, she doesn't look very happy, does she? she says the fight is not over. charlie hurt will deal with that. enter meantime, incoming border czar tom homan sent a stern message to sanctuary cities. >> i'm sending a message where people say they're going to get in our way? don't cross that line. it's a felony to knowingly

harbor and conceal illegal immigrant from immigration authorities. don't test us. ashley: i like that, don't test us. will sanctuary city mayors be arrested? arizona border sheriff mark daniel withs on that the next. ♪ (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) you can't be that different. (fisher investments) we are. we have a team of specialists not only in investing, but also in financial and estate planning and more. (other money manager) your clients rely on you for all that? (fisher investments) yes. and as a fiduciary, we always put their interests first. (other money manager) but you still sell commission- based products, right? (fisher investments) no. we have a simple management fee structured so we do better when our clients do better. (other money manager) huh, we're more different than i thought! (fisher investments) at fisher investments, we're clearly different. to go further, you need to be ready for what's down the road.

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else did h workman have to say -- homan have to say? >> reporter: he said that the federal government is finally going to support the state of texas when it comes to securing the border, and they're not going to be an adversary like what we've seen with the biden administers. ache a look at this video. yesterday texas governor greg abbott and tom homan visiting a texas national if guard base where they served thanksgiving meals to these texas national guardsmen and state troopers and thanked them for the work they've done to secure the border in the last but years despite the biden administration often interfering with them and suing them. abbott says biden's policies have harmed americans all across the country. >> the facts are that what happened over the past four years was unprecedented. more than 11 million people came across our border illegally. it's not just the volume of people, it is the intents, the crime, the harm that they cause

along the way. >> reporter: and tom homan pomsed that room there will be mass deportations carried out under his leadership because, as he said, there was a mass illegal surge into the country in recent years. said he was impressed by how texas has fortified its own border, and he had a warning for sanctuary mayors and governors. >> i'm sending a message when people say they're going to get in our way, don't cross that line. it's a felony to knowingly harbor and consumer illegal immigrants from immigration authorities. don't test us. >> reporter: and take a look at this, this happened yesterday way out in the remote big bend sector in west texas. texas dps recovering eight children and four adults literally in the middle of nowhere. it's like a martian landscape out there, no if civilization as far as the i eye can see. they got a distress the call, and they found this group via helicopter. very rare to find migrant children out in this area which

is known for evaders, gotaways and drug smugglers. they were mostly from honduras. there was one guy from ecuador, but texas dps likely saving the lives of this group, took border patrol over an hour to reach them out there. and back out here live, tom homan said yesterday he finds it unacceptable that the state of texas has had to spend billions of dollars of its own money doing the job the flag government should be doing. and homan said come january once trump is inaugurate ad, that is their number one priority, the secure the border, and the feds are going to take the lead on it once again. send it back to you. ashley: times are changing. all right, phil, thank you -- bill, thank you very much. here's more of what tom homan had to say yesterday. >> it's a shame when you have other governors and mayors who are right out ott of the gate saying they're going to push back on president trump. let me be clear, there is going to be a mass deportation. because we just finished a mass illegal immigration crisis on

the border. and i'm sending a message when people say heir going to get in our way -- they're going to get many in our way, stop us there if what we're doing, i've said it a hundred times in the last week, don't cross that the line. it's a felony to knowingly harbor and conceal illegal immigrants from immigration authorities. don't test us. ashley: don't test us. arizona border sheriff mark can ills joins me now. sheriff, do you see sanctuary city officials going to jail over this many. >> i don't know if they're going to go to jail, but there'll be consequences to them. number two is just the will of the people, president trump campaigned on the fact he's going to secure the border and thicks -- fix this problem. he's doing that. the people voted him in to do that. these sang hue ware mayors and governors are standing up against him when they haven't even read the plan, that's taking on a political ideology

instead of public safety, national security. that's what tom homan's speaking about. we've got to fix this country, what's been damaged. ashley: i've got to imagine this must be a huge morale boost because finally you're going to be able to do what you were originally supposed to do. rather than just stand by, you can take action. >> well, i've said this a long time, for the last four years, this is my 40th year, and this is the worst i've ever seen. this is intellectual avoidance and abandonment with intended consequences. tom homan's going to reverse that, fix it. he's got a very complex job in front of him. he's going to hold people accountable. he will do that. america's sheriffs, i can prom you on that, to include border patrol and cbp are ecstatic in the fact that we've finally got somebody who's going to support us for what we coevery day in this country and on the border. ashley: that's good news. sheriff, thank you and good luck to you as you take on these new duties, i guess we can call it.

thank you so much. appreciate your time. >> thank you, sir. ashley: now this, the texas border wall -- thank you -- is back under construction, and a very special guest was there to see it, right? >> very symbolic. the first panel of the new texas border wall was installed yesterday all while the family of jocelyn nungaray looked on. here's her mother, alexis. >> every day is a struggle. every day it's hard. some days are easier than others, but it never takes away the fact that she's not here anymore. due to heinous people who with were let in this country to do what they did to her. >> that mother's bravery continues, being a voice for her child. in 2021 texas governor greg abbott announced funding to continue construction after the biden administration abruptly ended the trump era project. officials say they will construct another a mile of the wall in the coming weeks.

ash? ashley: again, the times it is are a-changing. todd, thank you very much. quick look at the futures, we're kind of treading water a little bit but, guess what? opening bell is coming up next. ♪ can't get enough if. ♪ addicted and i'm dying for -- muck got a death can wish, baby ♪ if you're living with dry amd,

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ashley: all right, let's take a look at these futures. of course, markets closed tomorrow. investors kind of just considering what their next move is. the dow up slightly, the s&p and nasdaq down slightly. we're waiting for some inflation data coming out at 10:00. let's bring in ray wang. great to have you here, ray. i want to talk about intel if we can with. you think this company is in crisis, or is that too strong a word? if. [laughter] >> well, it's a great point. i think they are in a little bit of a crisis. they've got to get chip manufacturing out the door, they've got to catch up with the competitors building gpus like nvidia. they've got to get 5 nonno finish that no no meter chips,

and it's been a challenge. even though they've gotten all these subsidies from the government in terms of the chips act. if the defense perspective there's a lot of work to do and it's not easy to to get a chip fab plant out the door as tsmc realized. ashley: absolutely. i want the talk also, ray, about crowdstrike. have they recovered since that outage last summer? >> it looks like they have. and i think the challenge really is whether they can actually convince customers to jump back in. the flawed update, the one that was the big overhappening, basically people were looking -- looking to see did they have the revenue, and they did. they actually gained many in terms of their sas revenue, $4 billion. they raised their guidance, and so the 16.8 million is a temporary blip, and i think, you know, it's cybersecurity. it's the number one line item on a budget next the a.i., and everybody's still worried about it.

so they've managed to actually regain a lot of the customers, but they still have a lot of work to do to avoid another issue like this. ashley: very quickly, ray, are you generally bullish as we look towards 2025 the -- 2025 the? >> i'm really excited. we've had an ipo and m&a market that's been stalled because of the antitrust overreach that was going on. and by freeing up the stability for start-ups to have an ipo, that means there's going to be m&a that followses on the back end which means there's a lot of liquidity. so there are going to be a lot of opportunities for investors to jump in. ashley: if ray wang's excited, i'm excited. good enough for me, ray. thank you so much, sir. happy thanksgiving to you. and as we can see, they're all happy, waving, cheering, clapping, you name it as we get the session underway today on wall street. here we go. lets take -- let's take a look

at the big board if we can and the dow 30 stocks. right out of the chute we're up 17 points as you can see as we look at the 30 stocks almost all in the green. certainly more green than red. salesforce.com, nvidia on the bottom end, but 3m, honeywell,s unitedhealth on the top end. let's take a look at the s&p if we can -- was that dow at an all-time high? how about that. did you say dow or s&p? dow. all right, very good. s&p down slightly, about 10 points or so at 6,0122. let's take a look at the nasdaq, the tech-heavy nasdaq, see how we're doing there. slightly lower in the premarket and that's where we are, down a third of a percent, down 57 points on the nasdaq. and let's take a look at some of thosbig tech names. we like the track 'em every day. they're all in the red but only to slightly. meta, apple, amazon, alphabet, microsoft all down.

microsoft the biggest loser, down about seven-tenths of a percent. all right, let's take a look at some of these individual stocks, and let's begin with an old time favorite, dell. down this morning 11%. good morning, taylor riggs are. taylor, what's going on with dell? >> good morning, ashley. this stock has been up 86% this year, and so you're certainly seeing a big dr pepper today of about 12% concern drop today of about 12%. the forecast was lighter than expected. this is, remember, not only a pc maker, but really the top vendor and server maker for a.i., right? what powers a.i. with nvidia chips. they saw some orders being delayed because customers want to wait for the blackwell chip, that new one coming out. so they have the orders, they're just being delayed a little bit. we'll have to see how this plays out. ashley: all right. let's take a look at hp, also down this morning, i believe. let's have a look. yeah, down 6.75%. what's the problem there, taylor?

>> this is also a pc story and really a tariff of story. so those the personal pc sales were down about 4% year-over-year. they also did say they're looking forward to working with the trump administration because if they get a lot of tariffs as they're expected to right now, they are thinking about passing those costs on ott consumer. so little concerns about how the tariff, if enacted, would play out, impact hair sales, impact the cost, again, to the consumer. but said they're looking forward to working wito resolving some of these issues. ashley: very good. let's move on to crowdstrike. talked about this with ray wang. reported third quarter results and, again, did that major outage back in july hurt them? >> you know, from my perspective, it didn't really, right? this was sort of another quarter where we have that this outage behind us, being able to look forward. they had a little weaker than expected earnings forecast but, again, they topped a billion dollars in revenue. as your previous guest said, they have topped $4 billion in annual recurring revenue.

the ceo is saying they are now the only sort of pure play cybersecurity company that has been able to do. that's so, again, you're down about 3.5%. i think that big overhang hopefully behind us. a little worried about the earning, but people really excited about the revenue outlook for the company. ashley: very good. all right, let's move on. a bit of a change here. nordstrom. the retail retailer saying shoppers are buying more clothes and shoes. that sounds positive but the stock down 8.5%. why many. >> this is sort of another one, ashley, that i can't quite explain. they had a higher forecast for the year. clothing and shoeses, as you mentioned, really lifted performance of. women's apparel and active wear did really well. same-store sales for nordstrom's and nod strom's rack was up 4%. so, again, you think about a lower-end consumer on nordstrom's rack really doing well. so i can't explain this one for

you either. ashley: i love the honesty. sometimes it just doesn't make sense, taylor. we know that. let's move on to workday. i believe this stock also down big today, down more than 9%. is that because not enough people are buying their software? >> yes. and this one i can explain, right? they missed on the top and the bottom line. the fiscal 20226 -- 2026 subscription revenue came in light, and they missed a lot on fiscal year 2025, so now they're worried that the fiscal '26 outlook hasn't been fully derisked in the stock. people worried about that '26 outlook. ashley: all right. let's get back to another retailer. urban outfor its. they are, apparently, optimistic about holiday demand -- urban outfitters. >> they are. so better than expected sales growth. you know, i'm sort of one of these where you have that legacy brand of urban outfitters struggling, but anthropology, free people, those are the other

brands that are doing so well particularly on social media, really gaining traction. so same-store sales for anthrothe polling up 1.5%, ahead of expectations. sorry, anthropology was up 5.8%. the overall was up about 1.5%. so again, they're finding those brands that really resonate with consumers. ashley: very good. all right. we've got to talk about bitcoin. we do every day, taylor. look, the mar towards $100,000, it's up another 2500 today. this march towards that so 0 -- 100,000, it seems unstoppable. >> it's a long march. i think on friday we were 99,3 and then we had a big drop monday, tuesday. look,, the wednesday before thanksgiving, so we're trying to get back up to 94, 95, that's e clues arive -- elusive round number of $100,000 may be ahead of us in a few days. ashley: fantastic. taylor, covered a lot of ground, and you did it with aplomb, as

they say. [laughter] let's check the big board -- that's the word of the day, aplomb. the dow up 83 points, marginally. again, we're waiting for the pce index coming out at 10:00. has the fed's favorite inflation gauge, so i think that's why we're treading water. but look at the dow winners. nike, unitedhealth, 3m, chevron, sherwin williams all on the upside. nike up 1.5%. take a look at some of the stronger stocks on the s&p 500. bath & body works, ulta beauty, walgreens, am core, act ct -- activ, all moving higher. nasdaq, wall green boots on the nasdaq, dollar tree, sirius, charter communications, all moving higher. wall greens boots alliance, by the way, up 2.75%. let's take a look at the 10-year yield. the yields have been coming back just a little bit, down 5.2

basis points on the 10 year at 4.25%. taking a look at gold, if we can. gold up $332 the at $2678 -- $32. and again as we just talked about with taylor, bitcoin moving higher. it did get close to $100,000, maybe that's the measure there and then came back. but it's up again, $94,6007 for bitcoin. wish i'd bought it a lot earlier. all right, coming up, senatorny ernst audited the irs -- joni ernst. she found they owe nearly $50 million in undue taxes. the senator will be on the show. a new show, landon, from the creator of yellowstone, going viral over a clip that slams renewable energy. >> do you have any idea diesel they have to burn to to mix that much concrete or make that steel and [bleep] out here and put it

together with a 450-foot crane? you want to guess how much oil it takes to lubricate the [bleep] thing? [laughter] ashley: we have the full clip for you. it's also, of course, one of busiest travel days of the year. 72 million people alone expected to hit the road, and god bless him, jeff flock driving along the pennsylvania turnpike. he's going to see what traffic is like so far, and that's next. ♪ holiday road ♪

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ashley: well, the volume is light this holiday week. doesn't matter, the dow hitting record highs. any gain today at the close will be a record close for the fourth day in a row, fourth session in a row. there you have it, the dow in record territory.

now to this, it is the busiest travel day of the year. 80 million people headed out by road and air to visit is friends and family for thanksgiving. as always, jeff flock, our intrepid jeff flock, is driving on interstate 76 in philadelphia. jeff, good morning to you. how are the roads looking so far? >> reporter: i don't know why people don't think you can talk and drive at the same time when everybody does it all the time, but there you go. you know, i was crawling there for a minute, but now that you've given it to me, now some moring brake lights maybe. just trying to get out of philadelphia right now. [laughter] it's not necessarily an easy task at this hour although they say this is about the best time to travel. yeah, 70 million on the roads alone this holiday season. that's an all-time record. another 6 million or so in the air, another couple million on trains and cruise ships which is

apparently a big thing again. good news if you are driving because gas prices seem to be moderating. well, not as cheap as they were back four years ago, but compared to a year ago we've lost about 20 cents in the gas pice, so that's a positive thing. maybe you see out the front of the vehicle right now, i think you maybe see downtown philadelphia. so that'll be in our rearview mirror in just a moment. those low gas prices and high prices for airline tickets contributing to more people on the road, says aaa. listen. >> a lot of people if they want to avoid flying because ticket prices tend to be pricey over thanksgiving especially if everybody's trying to leave around the same time and come back around the same time. most people opt to drive. so those road trip records are also high. >> reporter: there you go. i leave you with this, ashley, you know, travel has been increasing since the pandemic a

couple percent in driving, flying about 101% and and cruising -- 10%, and cruising is up about 18%. wish we were on a cruise ship right now, but instead downtown philadelphia. maybe you see it. it's a beautiful sight to have in your rearview mirror. [laughter] ashley: jeff, thank you very much. be careful, my friend. at least the weather's nice, the sun is out. it could be snowing, i guess, so good for you, jeff. be care. now this, elon musk, vivek ramaswamy and republican senators are hinting of where the new department of government efficiency will make some budget cuts. suggestions, by the way, range from the defense budget and the irs all the way to publicked broadcasting. public broadcasting. dan meuser joins me now. good morning to you, congressman. okay, where do you think the cuts should be made? >> morning, ashley. well, there's a plethora of opportunities, truly.

first off, the waste, abuse and and fraud. i was the revenue secretary in pennsylvania. we rooted out a tremendous amount of waste, abuse and fraud, so it's there. it's the number of employees within the federal government. here the democrats, of course, and biden wanted to hire another 87,000 if i -- irs agents. that can't happen, that won't happen, and the 80,000 that do, are employed there can be reduced. we can save billions and billions in contracting, in pharmaceuticals. there's a rot of savings. i'll -- a lot of savings. four years ago our spending was $4.6 trillion. today it's $6.7. now, granted, a lot of that was covid, but it never ratcheted down. even with biden's 20% inflation on top of the 4.7, that would equate to about 5.6. that's a trillion dollars right there that increased in four years that gave no advantage or -- nothing. no value to the american people.

we can cut that trillion collars. ashley: right. i hope you are right. it sounds -- i mean, they always say government efficiency is an oxy more oxymoron but, your -- gosh, i have a feeling there's a lot of waste, that could be cut away. i want to get to this, congressman. donald trump's tariffs on canada, reportedly, will still apply to crude oil imports, and some analysts are warning it could lead to a rise in gas price. you're if pennsylvania, a big energy price. what do you make of trump's tariffs? in. >> can i tell you what, the biden administration was okay in taxing natural gas, taxing oil, removing the deduction for wildcatting in the united states which existed forever. it was okay to tax american energy, but here when president trump suggests and puts out the deterrence to canada and mexico that they may be paying a higher tariff, i. e. tax, people are squawking about it. i think it is a appropriate

measure to consider. we are an unbelievably great customer to mexico and canada, and we're not happy with the status quo. ashley: right. >> they need to change things. they bring in almost 20% of their revenue -- they, meaning mexico and canada -- >> from their oil -- ashley: right. >> if we create some stability -- ashley: congressman, tariffs are just a negotiation tool. it doesn't mean that they're going to be at the rate that the president-elect says but, you know, it's always good for negotiations. a starting point. congressman, we're out of time but thank you, sir, for joining us and and happy thanksgiving to you. >> happy thanksgiving. thanks. ashley: thank you. by the way, clip if from "landman," a new drama created by the writers of yellowstone is going viral. why is that, todd? >> this is billy bob thornton's new show, and they slam the use of renewable energy like wind turbines that are supposed to combat climate change.

watch. >> please, mr. oilman, tell the me how the wind is bad for the environment. ♪ >> do you have any idea how much diesel they have to burn to mix that much concrete or make that steel and haul the [bleep] out here and put it together with a 450-foot crane? you want the to guess how much oil it takes to lubricate that [bleep] thing or winterize it? in its 20-year life span, it won't offset the carbon foot fingerprint of making it. and don't get it started on solar panels and the lithium in your ion battery. >> it's set to hit paramount+ this month, ash. ashley: todd, thank you very much. all right, we do this story every year. how much will your thanksgiving dinner cost you? madison alworth is digging into

this year's prices. boy, that looks good, does it not? we'll have the full story next. ♪

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♪ if. ashley: thanksgiving dinner may be cheaper this year, but it is the still up considerably from before the pandemic. madison alworth is cooking it up in the kitchen. hey, madison is. all right, give me the numbers. >> reporter: you got it, ashley are. happy early thanksgiving. so to feed a family of 10 this thanksgiving, it's going to cost just over $58. take a look. has better than last year, but compared to 2020219 -- 2019, you're up about 20% p. let's start with some good muse and my faith side is, mashed potatoes. potatoes are down 26% year over year, down so much that we're actually below 2019 levels. so no excuse, everyone should have mashed poe atoes this thanksgiving season. gotta have your greens because it's good to get some healthy good in, but less good news

there. down 8% year-over-year, however, you're looking at 2019, it's up 22 1%. 32 the 1 president. and what's a thanksgiving without your turkey? you can't avoid the big bird. prices there down 6% year-over-year, but since 2019 up 23%. and that's a price you really can't avoid. for me, something i can't avoid either is dessert. pumpkin pie specifically, you're paying less than last year, good news there, 6%. but since 2019 up 25 president. 25%. you take a look at each item that goes up and down, that gives you that overall picture. but that's just the food. but in our house, you can't have thanksgiving without a little bit of booze. wine is my drink of choice, and it's up 2%. and i have a feeling you're going to account for that as well over thanksgiving. ashley: i think you're right, madison. same to you, madison. great stuff. and thank you todd piro, for joining us for the hour.

happy thanksgiving to you, sir. more "varney" will come after this. [cheerful music] [phone ringing] not all multimillionaires build their wealth the same way, you have... .. 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. ♪ to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces

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