tv Varney Company FOX Business November 29, 2024 9:00am-10:00am EST
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it's never been that the high previously, and i think this all comes back to this most ridiculous thing that happened recently x that is that person when paid $6.22 million for a banana taped to a wall. there's a lot of overvaluation. we're getting carried away. cheryl: if you're going to the say anything about a market correction, i'm going to cut off your mic, because i don't want to hear it. >> okay -- cheryl: million days. i mow that's what you're saying -- holidays. [laughter] >> the voters on election day spoke, and it's great to see donald trump really going at the border issue with all sorts of ideas, new things, changing it up. very, very important. cheryl: it really is, no, so much to be thankful for. thanks to all of our viewers for watching today, have a wonderful black friday. john hon sky, michael balboni, appreciate your time. "varney & company" up now, and mr. david atman is in for stuart. david: good morning, everyone. of i'm in for stuart varney, stuart will be back on monday.
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yes, it's black friday in the christmas shopping season, now in full swing. consumers spent a record $6.1 billion on line on thanksgiving already are, that's up almost 9% from the same time last year. shoppers also expected to spend a record $10.8 billion onlined today but, get this, stores are expected to have even greater sales. but there could be shipping problems. amazon workers in 20 countries planning to strike starting today through cyber monday. and meanwhile, anti-israel protesters with free palestine signs screaming and crashing the a macy's thanksgiving day parade. police arrested more than 20 people there. to the markets, futures slightly higher today. today, of course, is a shortened trading day. the dow and s&p, nasdaq can will close at 1 p.m. but, by the way, bitcoin hovering just above $97,000. still slipped from that 100,000 the mark. gold is now trading, let's see,
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it's up about a $20, up $18.9020 $22,6 -- 2,6800. oil up 50 cents to $69.222. on the show today, meta's mark zuckerberg meeting with donald trump at mar-a-lago. there's an interesting pair. zuckerberg reportedly wants to, quote, support the national renewal. what a change. and take a look at this, trump spent his thanksgiving at mar hag bow with his family, friends and, of course, elon musk. heartbreaking video from texas dp if s officials showing a 10-year-old from el salvador telling agents with tears that he was abandoned at the border just days after a 2-year-old girl was also found alone. meanwhile, texas is reportedly looking at a plan that would bus migrants directly to i.c.e. for deportation instead of sending them at taxpayer expense to democrat-led sanctuary cities. it is friday, november 29th, 2024.
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"varney & company" is about to begin. ♪ ♪ david: we have to start with this frightening news, several democrat connecticut lawmakers say they were targeted with bomb threats yesterday. this, of course, coming just a day after several of president-elect trump's picks were also targeted with bomb and s.w.a.t.ing threats. trump's nominee for u.s. ambassador to israel, mike huckabee, joins me now. governor, thank you for being here. happy thanksgiving. have you received any threats? >> just from my wife. [laughter] but that's an everyday thing. [laughter] other than that, i have not. and, you know, this is such a terrible thing that's happening, all these threats going -- now it's a bipartisan deal, democrats, republicans getting it, and it's just, it's an unfortunate part of living in our current world where people have lost their minds.
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david: next one, governor, is real. hezbollah already has violated the ceasefire. the ik -- idf if launching a ap a airstrike in lebanon's third largest city. this so-called peace deal that biden has worked out uses the lebanese army which is like this with hezbollah to be the dividing line, the so-called neutral dividing line between hezbollah and israel. what do you make of this whole ceasefire deal? >> you know, david, the other day when we had this conversation, i said it's like asking a 40400-pound if man to to guard the dessert buffet. it probably does not end well $400-pound. and i really predicted hezbollah would not honor the agreement. they never do. none of these indiana iranian-backed proxies are interested in real peace. they're about destroying israel and killing every last jew on everett and then coming after us in america -- on earth. we have to understand when we're dealing with. we're not dealing with honest
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brokers. we're dealing with people who want to murder those who don't bow the their radical ideology. so any idea that we're going to have peace, it only come when they're eradicated, when they're put down. that's why i think the prime minister of israel accepted the agreement, but it had a very clear clause in there that if it were violated, all bets are off, and israel goes right back to trying to keep them under control. and that's what they're going to have to do. david: well, they're also -- the mideast in general is going to have to get used to a new sheriff in town with donald trump and, of course, you'd be his representative, right smack in the middle in israel there. the abraham accords, a proud if achievement of the first trump term, may be expanded in the second trump term. but, of course, a lot of democrats said it could never be done, to have an arab-israeli deal without hamas or the p.a. in the middle there. it was done in the first term, could can it be expanded to
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saudi arabia in a second term? >> donald trump did a remarkable and historic thing in bringing about the abraham accords. there were many people a part of it, former ambassador david friedman among them, some great people that helped put that together. but it was donald trump's let's use the word chutzpah pa who just decided he's not going to do things the old-fashioned way. he goes after what will work rather than what people have been failing at for decades. so i do think the it will be expanded. everybody's better off a when there's an agreement, a compact among these nations. they do better in trade, tourism, travel, everyone is more peaceful. but you're never going to get some of these people to the table because that's not what they're interested n. david: yeah. >> when they do get men, they don't -- money, they don't use it to expand the economy. hamas came in and took every last penny and built underground tunnels and rocket launchers so
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they could kill people. we're not dealing with people who are rational or sane, and that eat why you've got to get the rational people in the middle east, and there are neigh nations that would like prosperity for their people. david: the governor, i have to ask a quick final one. we have the holy lands divided this year, bethlehem divided by israel with a big wall. is there any possibility after a year or two years now of fighting in the middle east, the palestinians might get so disaffected by hamas and hezbollah and the other people who have been controlling their lives that they work closer with israel, and could you be a part of making that happen? >> well, i've got to get confirmed and, you know, that's process, so i don't want the speak for the administration if coming in or anyone else. but let me just say i think anything is possible because donald trump is the ultimate deal maker. and that's one of the reasons that i'm so very proud to be able to serve him in this
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capacity, because i see breakthroughs happening that won't be easy, but it could be a true game-changer in the middle east when he comes back to the table. david: well, peace in the middle east is a wonderful goal for 2025. let's pray that that it happens. governor, so much. wonderful to see you again, mike. have a wonderful christmas if i don't talk to you til them. appreciate. and to your family. now this, mark zuckerberg met with donald trump at mar-a-lago. lauren, what was the meeting all about? lauren: mending fences -- [laughter] or more. working together. the incoming white house deputy chief of staff, stephen miller, says zuckerberg is onboard with trump's mission. watch here. >> mark zuckerberg has made it very clear about his desire to be a supporter of and a participant in this change that we're seeing all around america, all around the world with this reform movement that donald trump is leading. mark zuckerberg, like so many business leaders, understands
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that president trump is an agent of change, an agent of prosperity. mark, obviously, he has his own interests and he has his own company and he has his own agenda, but he's made clear that he wants to support the national renewal of america under president trump's leadership. lauren: and that would be an about face for mark zuckerberg who has been critical of president trump in the past but seems to have changed his tune. and it really, following the assassination attempt in pennsylvania on trump's life, that's when i saw the reversal from mark zuckerberg. david: yeah. zucker zuckerberg reached out the him -- lauren: yep. called him a fighter. david: elon musk and vivek ramaswamy, of course to, are going to be meeting with republican lawmakers next week for a discussion on doge. what do we know about it? lauren: the meeting's on thursday, and the republican congressmen will discuss how musk and ramaswamy's, quote, major reform ideas to achieve regulatory rescissions. administrative reductions and cost savings will work.
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the meeting shows lawmakers are taking doge seriously, and it highlights that they realize many of the proposals that doge will put out require their approval. so they're going to hear each other out and work together. david: terrific stuff. lauren, thank you very much of. let's check futures now. we're looking at kind of a mild market. of course, it's a shortened trading session, closes at 1 p.m. eastern time today. the dow, though, is up 100 points in premarket activity. s&p up almost 12 and nasdaq up 443, which is -- 43, which is a hefty gain. kenny polcari joins me right now. kenny, great to see you. i would love to know what you ate yesterday, but unfortunately we've got to get right to the news about the markets. is it possible we could get a santa rally? let me put it that way. >> i think we've already gotten part of the santa rally, right in all this excitement post the election going into the end of the year, new administration, what's happening? i think stocks have already
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reacted. i think they're a tad bit extended. i think we pull back a little bit and end up right here where we are by year end. so do i think it goes much beyond here? i don't, by the end of the year. i guess anything could happen. it's going to depend on the headlines and what we hear out after a friday's pce report that the fed has any reason to cut rates. i think they have to hold steady, but we'll see what they do. david: let's talk about trade because already trump has hit the ground running. he's not waiting until january 20th. he's talking with mexico, talking with canada, apparently talking the china as well. all of the pearl-grabbers are clenching tightly thinking that there's going to be a trade war or suggesting that might happen, but markets seem to be taking it in stride. look at the futures right now. >> yeah. i don't think the market thinks it's going to end up being a trade war. i think the market expects that the conversations are about leverage, right in tariffs will
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provide leverage. and, look, i guess it provides leverage on both sides, but these countries certainly want to have conversations with us. he's taken control. he's been very proactive. he's put it out there. he's told before he even takes office that this is kind of his plan because this one has to be fixed. and look how past they both came to the table. mexico and canada came to the table within hours of him, you know, putting out that message. so i actually think it's a positive thing, and i think that the market thinks it's a positive thing that we're actually making headway -- david: they've seen them do this dance before, and it worked out fine in the first term. kenny polcari, have a wonderful christmas. thank you so much for being here, appreciate it. we, of course, are just coming off thanksgiving dinner and, meanwhile, msnwc's joy reid is -- msnbc's joy reid is doubling down on her call to ban trump-supporting relatives if
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from thanksgiving. listen. >> don't want to have dinner with the people screaming your body, my choice. david: tammy bruce is here to tear all that to pieces. you don't want to miss it. meanwhile, remember when texas bussed migrants to sanctuary cities, even flying them there? now texas is looking at a plan that would send them directly to i.c.e. holding centers so they could be processed quickly for deportation the. tom homan is already getting id ready -- it ready. details on that coming next. ♪ ♪ (vo) weight loss. for so long, i felt stuck. but zepbound means change. zepbound is for adults with obesity,
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warning about illegal migrants and air travel. brooke taylor is at the dallas/fort worth airport, so what's the warning? >> reporter: well, david, the first thing you do when you get to an airport, you wait on the security line, you show an id and then you go through tsa. well, migrants don't have to show any form of id, and many -- in many cases, they even get to wait in these special lines. this holiday season while you are getting to the airport early. a recent inspector general report shows migrants don't need to show any id or passport, instead they can use the cbp1 app as their documentation. they can even choose whether to allow officers to take their picture. the app, used by tens of house of migrants each month to seek asylum, has faced its share of criticism. the app relies on migrants to self-report their personal information, and earlier this year the biden administration even had to briefly pause its own program after fraud
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concerns. the inspector general report or sates, quote, if cbp and i.c.e. continue to allow non-z citizens whose identities immigration officers cannot confirm to enter the country, they may increase national security risks. a spokesperson for the dhs has fired back at this report and told fox the report contains inaccurate statements, lacks posh context and is mis-- important context and is misleading. but this is something they have been deeply concerned about for years, and they're a hopeful that these problems will soon be a thing of the past with a new administration. >> we've been fighting for over three and a half years now because unvetted, unidentified people on our aircraft are a threat to our communities not only on the aircraft, but when they land and take another flight. i don't know if americans are aware, this isn't just a one-time thing. these illegals can fly on flights over and over and over.
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>> reporter: and meanwhile, according to that attorney general's report they couldn't even get information about how many of the the millions of migrants allowed into the united states each year didn't have any form of id because right now immigration officers that report states are not required to even document that. david. david: and, of course, in addition to the safety issues, there's also the question of the cost. these aren't free flights, these are paid for by u.s. taxpayers. well, there are some ideas about how to change things. brooking thank you very much. texas is reportedly considering busing migrants directly to i.c.e. for deportation. instead of all this flying around and busing around to sanctuary cities. texas public safety lieutenant chris old very rest joins me no. boy, a new sheriff is in town. tom homan has already started with ideas about this. how is this going to to work, busing these migrants directly
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to i.c.e. camps? >> good morning, david. yes, of course, tom homan and governor abbott has been speaking -- have been speaking, not waiting million january, coming up with plans and strategies. and if i think this could be an effective strategy. first off, you have to cut out all the ngos, sop funding the ngos because right now the process is when illegal immigrants come across the southern border, they are getting apprehended and processed by u.s. border patrol, and from there they're released to these ngos where we then come in as a state and bus them to sanctuary cities. these are illegal immigrants that have orders to be in the united states legally, but now if you cut that out and we can directly be involved in some form or fashion in, you know, busing them the actual detention facilities, that could be far more effective and also act as a deterrent. but also with that the you coneed to also expedite these asylum hearings. you're going to have to have more judges at these hearings so you can have these individuals removed if they do not meet the
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criteria for asylum. it just really shows how texas and now the new administration are working together and how we actually have an ally now with the new federal government -- david: lieutenant, we're ing more -- getting more of these tragic interviews with unaccompanied children. i want to show you another one between a 10-year-old and a border agent. roll tape. [speaking spanish] david: these are just hard breaking. and, of course, ark oc and all the others who were crying their crocodile tears eight years ago a, where's aoc during all this, you know? what happened the those
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crocodile tears? they've all dried up, haven't they? >> they have. you know, all these critics, you know, people are critical of texas, all these activists, civil rights groups, they're missing in action. i shared that video, i also shared another video on sunday with a 2-year-old that was crossing the border by herself, that went viral. i want the american people to see what we come across every single day on that border, and yet there's none of these activists or civil rights groups that are there are rescuing these children, talking to these children it's the men and women that are out there every single day on the front lines coming across these tragic stories. and that 10-year-old little boy, that's just one of many that we've seen left abandoned by criminal smugglers, and her the victims of this border crisis and, unfortunately, it's ongoing, and that's why we need a new change of leadership and hopefully -- [inaudible conversations] david: thank god for all of your work, attending to the needs of these tragic children who are coming across. you've been ding so for years,
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now -- doing so for years. again, thank god for the work you and your colleagues have done. appreciate you, lieutenant. thanks for being sheer. -- here. an appeals court has ruled in favor of texas in the razor wire border dispute. lauren: texas can continue to build the razor wire at the border wall in egg to eagle -- in eagle pass. the federal appeals court decision comes after a back and forth between texas and the white house. texas sued the federal government when border patrol agents were ordered to cut the razor wire. so the white house appealed, and now the appeals court ruled in texas' favor. david: lauren, thank you very much. let's check futures. it looks like a good day for the market. again, half-day trading, closes at 1 p.m. eastern time. cow's up about 100 -- dow's up about 1000. the opening -- 100. the opening bell is next. ♪ i got everything that i need and nothing that i don't. ♪ home grown, home grown ♪
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kyle wool joins me now. you brought us some nuclear energy stock picks. why are you so hot on nukes right now? >> i just think with everything going on in the a.i.-verse whether it's big chip companies can't make enough chips or the data centers just continuing to pop up, you have to power these, and you have the power them with clean energy. nuclear is the best way to do it. if you look at the traditional nuclear plays like constellation energy, stock's up 120percent. but if you look at modern nuclear stocks, these small modular reactors that are going to go right next to the data center, one of them named new scale, ticker symbol smr, is up 725%. my vision what i see is going te have a list of what you're saying. that's the second one, new scale power, smr is the symbol. go ahead. >> yes, correct. and vistra, what i'm looking at a, it's up about 130% just like
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constellation energy. but i think these small modular reactor stocks are exciting because of these today a centers. if you look at what elon musk is doing with xai, he is building a supercomputer in tennessee, and jepsen wang who's the ceo of -- jensen huang was shocked how request quick this is the getting built. he just did a second round at $50 billion, and he's bought 100,000 chips from nvidia, and they're saying he's going to buy another $200,000. the wind doesn't blow enough and the sun doesn't shine enough to do it in a clean way. david: we remember one of the three mile island units being reused. is there going to be more reuse of old nuclear power? quickly. >> lull. microsoft put -- absolutely. microsoft said they will pay 20 years of all the energy that comes out of three mile island, and i think you'll see more of this what's going on in texas right now and what's going on in the middle east. saudis just committed $100
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billion. david: kyle wool, fascinating subject. appreciate it. the bell has started trading for the day. again, it's a short day. we end the trading at 1 p.m. eastern time. it's about a split decision on how stocks right now, but overall the dow's trading up about 76 points right now. s&p, if we can switch the that, a broader spectrum of stocks, that is up 6.7%. it's about a .11% gain, up over 6,000. and the nasdaq doing pretty well, about same percentage wise, up 20. 5 points, almost 211, to 19,081. let's show you the big tech companies if we can, some of the numbers. these are the losers, as you can see, meta, amazon, apple, alphabet and microsoft, they're all a down but nothing really earth-shattering here. let's go to the retailers, if we can, and taylor is back with us. taylor or, great to see you. black friday sales are expected
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to break records today, right? >> yes. we're looking at some of these retail orers, right -- retailers, because we're just getting the latest from adobe analytics. on thanksgiving consumers spend a record $6 billion. they're thinking today on black friday, adobe saying consumers might spend about $11 billion. that's going to be up 10% year-over-year, but they still think that cyber monday is going to be the event of the season. cyber monday consumers might spend over $13 billion, up 6% year over year. so the retailers, of course, going to do well. david: and, by the way, the brick and mortars are expected to do better than the online. u.s. sanctions on china's chip industry may not be as strict as we thought. what do you know about one? >> we talk about the entity list, right? the tex port controls we have for -- the export controls we have over some of the chipmakers. we're hearing that the list has fewer chips on it, fewer chip makers, so that the restrictions
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are going to be less strict. so you have the chip makers, of course, happy about that a given that china does represent a big market for them. stuart: and it wouldn't be "varney" if we didn't talk about mooft. the ftc just launched a probe. what's the thbt? >> -- this about? >> the latest is microsoft. they're looking into sort of the big bundle of cybersecurity and a.i. and sort of everything that microsoft has, saying that bundle prevents consumers from leaving without paying exorbitant fees. so ftc looking into this and, again, not something that big tech needs right now. cave teafd speaking of legal troubles, canada just announced a lawsuit against google. what for? >> citing anti-competitive behavior. google has online practices, and they're saying that they want them to sell off two the of the advertising tech service services and pay a fine -- services and pay a fine. canada can now going after
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google. we'll have to see how these play out. david: and micro strategy and the crypto plays, they are on quite the run, we should say, taylor. >> yes. not quite at 100,000 on bitcoin, but we are on $100,000 watch. my first strategy is one that we follow, micro strategy owns about 1.5% of all outstanding bitcoin. for the year, micro strategy is up more than 500%. david: and talk about runs, what about tesla? i mean, this has been one of the best months ever for the company, right? >> it is. it's up about 33%. it's the 11th best month ever for tesla and the best month right now since january of 2023. a few different stories. one, just the trump bump that we've had and also remember if trump is thinking about reducing the $7500 ev tax credit, tesla would be the biggest beneficiary. david: gambling stocks, casinos are on a roll. why? >> this is interesting. china has opened up visas of
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residents from shenzhen to hong kong, reversing the 2009 policy where residents could only go to hong kong once a week. now they can sort of go unlimited, so it's really helping wynn resorts which has big exposure to macau, for example. they're getting a big upgrade from moody's saying they're saw starting to see stabilization. david: talking about hong kong, pray for jimmy lye, folks. pray for jimmy lye. the dow is now up 160 points, 158. it's above the premarket activity. the dow winners, if we can take a looked at who's doing best now, we have boeing. boeing is up $2.14. caterpillar's up 5 a.10. -- 5.10. goldman sachs up 6.24. and nike is up 6.24. the s&p 500 winners, we've gots
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hasbro, of course, toy season is coming. we've got, what is that? lam research, and best buy is up. nrg energy inc. and, what's that at the bottom there? kla. can kla corp.. nasdaq winners we have lam research, kla, applied materials, constellation energy is up. we just talked about that. qualcomm up as well. checking the 10-year yield, that is down a little bit, down 6.2 basis points. let's take a looked at gold. that's up almost $18, up to $2,628. bitcoin, that's doing well today to, it's up over $2,000 to $97,000. oil is up as well, almost up $1 to $69.51. and nat gas is up as well. the average price, by the way, for a gallon of regular gas is now $3.006. of course, in california, look at this, it is $4.42 because of
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all their regulations. what a difference california januaries have to eat it up. still ahead, it is the battle of the ads. first it was jaguar with. they faced heavy criticism for their new car ad that featured bright colors, bold outfits and a lot of woke stuff and no cars. then there was volvo, celebrated for their pro-family ad. now apple just released a pro-parenting ad. looks like we are seeing a stark shift in advertising. culture and pro-family messaging, anti-woke stuff. we're going to be showing you the clip that brought some viewers the tears. and a new report showing that the vast majority of enforcement actions by the department of education have targeted faith-based and career schools by 77%. what's that all about? we've got details. meanwhile, on lain sales are already -- online sales are already up big for the first half of the thanksgiving holiday. gerald storch, who knows everything about retail, is
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going to be telling us why stores need this weekend to be big for the year. he is next. ♪ -- come on, leave me breathless ♪ tempt me, tease me til i can't deny this -- ♪ loving feeling ♪ 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 previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress.
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david: checking the markets, it's a pretty good day for a half day. the dow is up 150 points, s&p is up about 15 and nasdaq up about 50. today, of course, is black friday. retailers are expecting record numbers. we've been seeing them already. we've got an eyewitness, jeff flock joins me from the cherry hill mall in beautiful new jersey. finish all right, jeff, how many people are expected to be hunting for deals this weekend? >> reporter: oh, millions, david. and i tell growing, anecdotally, i was at this mall last year, cherry hill. it seems to me it's busier this year. we've got people wait on line --
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waiting on line outside stores. that's just me, but the numbers bear it out. number one, the financial piece of this, 955 million between 955-979, i got my number up there, expected to be spent this christmas holiday. today, busiest shopping day of the weekend, 131 million folks expected to shop today, 64 million tomorrow, 37 million on sunday. and, you know, some people think bricks and mortar's dead? no, it's not. they say today, national retail federation says 65% of the shoppers today will be doing it the old old-fashioned way where you get to try it on and touch it. we talked to a couple of those focus. here's what they told the us. >> today i'm buying a lot of stuff for my family, but right now i splurged and bought myself something. i feel like i'm wasting money if i don't buy it. >> i got a north face jacket,
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you know? had to get the jacket. but i'm to not going to lie, i paid full price. >> reporter: you know, those two people, david, remind me of myself. number one, i go to shop for somebody else, and i buy something for me, and i pay full price for it. store of -- story of my life. david: i know. lauren says she never does that. women have a sense about it that guys just don't have. i'm sorry if it's sexist, but it just happens to be my own experience. jeff, wonderful to see you, my friend. i need to see you more often. hope you come to new york in the new year. thanks very much. yahoo! former. former toys are us ceo jelled storch joins us. it was -- gerald storch. it was kind of a slow year for retail, do you think this holiday season's going to make up for it? >> it's critical for many retailers they have a good period between thanksgiving and christmas. we got horrible numbers last week out of target, kohl's and
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best buy. those are pretty big retailers. that's kind of the heart of american retailers. so it's it looks like the consumer is still very stretched. i never bet against the consumer. they're spending, but they have to spend on rents first, on health care, on food, and the question is, what's left e over. of we're going to find out in the next three and a half weeks between now and christmas. david: well, the consumers are feeling gum, they're feeling squeezed by all the payments and everything. but i'm wondering if the managers of retail are thinking that because of new economic policies that are going to be coming in with trump, they may be planning for a larger 2025 the than had been expected if it was biden. >> well, we can all be hopeful. i think, you know, generally speaking it is good that the election had a decisive end so that it's behind us, and everybody can focus on christmas right now. i think most people can't even think past today in retail
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stores. all you can think about is trying the handle the crowds that you have right now, you know, all the way until next year? i don't know. maybe people are worried about tariffs. i think that's probably overblown or certainly uncertain concern. but beyond that, i don't think anyone's thinking past the next three and a half weeks. david: speaking of tariffs, of course, a lot of toys come from china. would our toy manufacturer or toy retailers in the u.s., are they worried about slow supplies coming from china? >> look, everybody's worried, but when you take a look at what happened, for example, with the first tariffs that president trump put in in his first administration, i said at the time that concern was overblown. it was. david: you were right. >> president biden kept those tariffs in place. i don't know what's going to happen with these tariffs, nobody does, but i can't believe the amount of dialogue about something that nobody actually knows anything about. hopefully, the impact won't be anywhere near what people are worried about, maybe might not even happen. david: yeah. well, we had a test, we had the
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first term, and we saw what happened. inflation remained low, didn't take off. you have some picks, i want to get to them quickly. walmart is one of your picks, costco and t the j max. tell us why and then final one is amazon, go ahead -- ty max. >> these have been my picks for, like, two years. if you'd invested in these, you wouldn't have needed anything else in the stock market, even nvidia. all these stocks have done great. why? these companies offer value every day, consistently. the consumers know it. they ex-- execute well. these companies are thriving, and it shows in their results. and if the consumer's a little bit more struggling than people think for the holidays, these companies will still do well with. if it's a great holiday, they'll knock it out of the ballpark. as for amazon, look, we all know sales are shifting to the internet. you heard the numbers today and they said, look, it's way up on adobe. they're only quoting internet
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numbers. we know the internet's growing faster than physical stores, i don't think that's going to stop, and amazon is so much better, bigger than everyone else on the internet, how could you bet against them? david: jerry storch, the best of the best. thank you very much for being here, appreciate it. black friday shoppers are using chatgpt to find the best deals. how does that work, lauren? lauren: okay, so you can use chatgpt or any other a.i.-powered pricing app, and it will spit out deals for you. and they can generate an itinerary, telling you which stores to go to when, kind of map it out. wow good, wow bad. it kind of takes the fun and the craziness out of black friday and that hunt for the deal. nonetheless are, it makes your life easier. 44% of people said they plan to shop this weekend with a.i., without leaving the house, and adobe said yesterday, thanksgiving, traffic to retail sites from a chat bots increased
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1900%. not many of us were using chatgpt last year but, still, obviously, people are liking it. aired david you know, you absolutely nailed it. the thing that scares me most about a.i., i know some people have even further concerns, but it sucks the spontaneity out of a lot of our decisions. it thinks we're so programmed that they can foresee what we're going to do. lauren, thank you very much for that that. police have a new warning for the holiday season, burglars are now following shoppers are if from malls and attempting to rob them right in their own driveways. we've got the full report on this. you don't want to miss that. and trump and the president of mexico are going back and forth over the tariff threats and a potential immigration deal. the full story from mar-a-lago coming next. ♪ ♪ i have type 2 diabetes, but i manage it well. ♪
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♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance... ♪ ♪ ...at each day's start. ♪ ♪ as time went on, it was easy to see. ♪ ♪ i'm lowering my a1c! ♪ and for adults with type 2 diabetes... ...and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects include increased ketones in blood or urine, which can be fatal. stop jardiance and call your doctor right away if you have nausea, vomiting, stomach pain, tiredness, trouble breathing, or increased ketones. jardiance may cause dehydration that can suddenly worsen kidney function and make you feel dizzy, lightheaded, or weak upon standing. genital yeast infections in men and women, urinary tract infections, low blood sugar, or a rare, life threatening bacterial infection between and around the anus and genitals can occur. call your doctor right away if you have fever or feel weak or tired and pain, tenderness, swelling or redness in the genital area. don't use if allergic to jardiance. stop use if you have a serious allergic reaction. call your doctor if you have rash, swelling, difficulty breathing, or swallowing. you may have increased risk for lower limb loss.
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it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. ♪ david: well, the president of mexico is pushing back against donald trump's claims that she agreed to end migration through mexico. mark meredith joins me from mar-a-lago. first of all, it's fascinating
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he's already begun. he's got two months before inauguration, he's already negotiating. what's the full story about mexico and trump? >> reporter: david, good morning to you. s it is a fascinating development because, of course, this kind of foreign policy happening before the president were to come into office is something we're not used to seeing, but what's even more interesting just yesterday, david, we saw president biden weigh in on trump's plans to issue sweeping tariffs on two major u.s. allies, mexico and canada. >> i hope he rethinks them. i think it's a counterproductive thing to do. the last thing we need to do is screw up those relationships. i think we've gotten in a good place. >> reporter: on thursday mexico's president spoke with reporters about the back and forth. she says in her recent phone call with trump tariffs never came up and she believes a trade war can be averted. trump called the conversation very productive. mexico's economic minister the also weighing in, he says if the plan goes into effect, u.s. jobs
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could be lost are, upwards of 400,000. but also consumers may end up paying more money. the national retail federation writes american consumers could lose between $46-78 billion in spending power each year if tariffs on imports are implemented.so far the republice sticking by trump. one gop congressman says it's about time we play hardball, others say trump is using the tools available to negotiate. >> this is how trump got the remain in mexico policy done in the first place. he threatened the tariff, the tariff never came to be. tariffs will hurt the american consumer, that's true, but they also a make for good negotiation tools. >> reporter: as for trump today, he's still largely avoiding the spotlight. he is at the golf course right now it's a beautiful day down here many south florida, 68 degrees. we did see a video pop up overnight of trump enjoying thanksgiving with his family and a new friends at mar-a-lago including elon musk. david. [laughter] david: i was just going to ask
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if elon was a part of -- is he golfing with elon today? >> reporter: golfing is happening right now. we don't know who's with him but, you know what? if you want to to send me out there, david -- david david oh, i'm sure you could do that duty. [laughter] yes, indeed, mark. i'm happy it's a -- it's a lovely day for you. let's check the markets. it's an up day on wall street. again, we have to emphasize the market closes at 1 p.m. eastern time, but the dow is up 125, s&p up about 20 the and nasdaq is up about 80. still ahead, we've got a big show for the next two hours. tammy bruce on white house reporters claiming they are already exhausted by the incoming trump administration. what's that all about? and former cia station chief dan hoffman on israel's claim that hezbollah already has violated the ceasefire. brian brenberg on joe rogan saying google censored his chat with donald trump. and former acting i.c.e.
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director ron vitiello on the migrant gang, tren de aragua, telling its members to attack police in denver. the 10 a.m. hour of "varney & company" is next. .. [coughing] hi susan, honey? yea. i respect that, but that cough looks pretty bad. try this robitussin honey. the real honey you love, plus the powerful cough relief you need. mind if i root through your trash? robitussin, with real honey & elderberry.
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