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ibly5 western change to the wonderful tsonga winter wonderland. it is 10:00 eastern time. i'm david asman in for stuart varney. it is a short trading day because it is black friday, the day after thanksgiving, the dow's upper hundred points, s&p up 20, nasdaq doing pretty nicely up 101 points. treasury yields are down a bit, 6. 4 basis points, or you'll i believe is trading in the green, up $0.75 just below $70 a barrel, nice day for bitcoin up 98,000 again, heading up towards that one hundred thousand market. get your bets in. senator federman is urging his party to stop freaking out about the loss to donald trump

saying, quote, we are not even at thanksgiving, he said that a couple days ago and democrats just can't stop losing our minds every 15 minutes, we really need to pace ourselves, just grab a up. tammy bruce is with me this morning. i don't think the democrats are going to calm down anytime soon. federman is the only one who has kept with about him. >> people are realizing covering real news, being involved, having to think, taking it seriously is tiring, that happens, you get democrats who for some reason are hating trump and trump voters when they should look to the democratic party as part of the problem so there is this panic, general sense of something has gone wrong and what are we going to do, hating all the wrong people, having all the wrong emotions, striking out like toddlers, toddlers running around in every aspect of our lives. asmac talk about 8 and

toddlers, joy read, perfectly in double down on her calls to avoid trump supporters for the holidays. >> the rest of us among the 73 million americans who voted not to have fascism and autocracy and mass deportation, internment camps and economy crushing tariffs are the bad guys, the segregationists of our time, let me check my notes, don't want to have turkey dinner with the people screaming your body my choice. asmac intolerance, she blaming others with intolerance with language like, it's no wonder that msnbc is crashing. it's no wonder. the wonder is that she is still on the air. >> whether you voted for trump and didn't and obviously did a lot of people didn't but part of it is that kind of rhetoric, you listen to that and it is the end of life on earth, asteroid hitting us.

this is what creates mental health issues. it's a dynamic where you are watching that and it becomes almost an addiction because of the adrenaline that happens with fear which i've written a book about, the use of that kind of fear to control people, the good news is there's a point when there's alternatives like fox or internet or wherever you want to do where you decide that's not good enough, you can choose to not jump into that pit and not be miserable. that's why it is not working, you can be demanding at not a grand all of that but why should you move through life miserable and not wanting -- asmac folks, choose not to be miserable, you can make the choice not to be miserable. the white house reportedly exhausted too -- two months before the inauguration.

one reporter saying anybody who went throughout last time remembers how it was nonstop, i remember a lot of questions about ice cream. a lot of questions about are you going for a dip in the water, no wonder they are exhausting, have to ask real questions. tammy:when you are not looking at a template or have the talking points. if someone comes out, looks like nancy pelosi made news on no occasion about the ice cream in her freezer. when you agree with the nature of what the mission is you don't think about hard questions because your job is not to anticipate what the answer would be and what do you do with an answer that might be complicated? it is exhausting. people at the new york times complain about it being exhausting that tells you everything you need to know. they have complied so much and

have become puppies and puppies -- asmac spitting out pr from the administration. wasn't any real journalism. i've got to ask about the europeans. 300,000 european journalists got together and said they are leaving exposed because it is not woke enough for them. it tammy:300,000, nicer without them. i like europeans, i like certain europeans but this is where you have a 10 from where you become used to having, it seems like every one thinks like you and that is what censorship brings, this false sense that everyone thinks like you do. it's a shock to find out not only has that been false but it changes the entire world view. you can choose to withdraw from life or not. asmac this is a worldwide dilemma. very quickly. the book again.

tammy:fear itself. asmac great line from fdr. check the markets. appreciate it. markets are doing quite well, dow is down 130, look at the nasdaq. that is over 1% gain, 105. abca25, does the trump rally have legs? >> this is going to run. i saw joy read talking about economy crushing tariffs, not happening, if we took away the tariffs, we are talking 0. 5% growth on gdp, we are going to unlock a new economic wave of growth, less regulation, less taxation and that is what the market needs. asmac we were talking about christine the guard, warning the world about trade wars, don't thing we are going to get into one? >> no.

look at the stance, trump before he gets into powers is day one now everyone is at the table, let's actually collaborate, let's figure this out before we go and retaliate with tariffs so i think we are on the brink of much more resolution and look at the euro zone growing at 0.4%, they don't have the ability or leverage to engage in a trade war as simple as that. asmac any sign, england has a very far left prime minister. italy has a relatively conservative leader right now. where do you think the rest of the world is going to go? are they going to be primed by donald trump's administration to go towards a free-market way of thinking. >> the pendulum swings one way or the other has to come back to the middle. the majority wins elections, the majority dictates the economy, you will see that play out starting, america leads, euros and will follow. asmac stay with us, happy to have you, your with me for the whole hour.

elon musk unveiling more areas to cut spending with doge. what is it now? ibly2 disband cfpb. that are too many duplicate of regulatory agencies so that consumer financial protection bureau monitors how financial companies target their consumers. musk's x is wanting to do the everything apps. i would say the cfpb could get in his way. other financial and tech ceos have railed against this agency. jpmorgan's jamie dimon because the regulations and onslaught and has been highly critical of the directive and so we can valley venture capitalist mark andreson says the agency terrorizes tech companies so it's not just elon musk, many executives with skin in the game saying it's too much. asmac this agency was created by elizabeth warren.

that's all you have to know. next, looking at some movers. air. to buying the toys of a maker for the rights to dungeons and dragons possible using that in his potential ai videogame studio. asmac get in anytime you want. >> i still don't understand the appeal. i think musk is a lot of money and can do a lot of things. videogames, msnbc, who knows. asmac supermicro. >> it's down 9% amid the ongoing threat that it is delisted from the nasdaq. asmac and nvidia on the other side. >> possibly on those reports that the us is considering softer sanctions on china's chip industry. i want attack out nvidia has put brackets china revenue, single digits possibly down for 2025.

asmac are you for buying more? lou:i have recently entered a position and nvidia. the trend with nuclear power. asmac the president's all family pushing it you can't go wrong. coming up, heading to the hills, musk and vivek ramaswamy will be meeting with gop leaders to discuss their plans for doge in the spirit of spending. not only did it rain on the macy's thanks going they pray but was interrupted by protesters. we have more on that coming up and his relapse cease-fire with hezbollah already in question just days after it started. dan hoffman on what that means for the stability of the middle east. that's next.

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asmac checking of the markets, dow doing nicely, 150 but skip down to the nasdaq up 130 points edging close to a full percentage point gain. the s&p is at an all-time high. israel launching new strikes on the gaza strip, 40 palestinians are confirmed a dead. stephanie bennett joining me now. what is the latest on all this? >> reporter: palestinian medics say most of those killed died in central gaza, they say 19 bodies have been recovered so far. more people died in further strikes in northern and southern gaza. yesterday his relapse military said its forces were continuing

to strike terror targets as part of the operational activity in the gaza strip. meanwhile it is day 3 of the cease-fire deal between israel and hezbollah and so far it appears to be holding despite violation accusations. yesterday the idf said it had fired at suspect in lebanon but responding activity saw vehicles arriving in several areas that they claim breached the terms of the cease-fire deal. israel has committed to withdraw ground troops from lebanon within 60 days with increased presence from the lebanese army and un troops is a monitoring force in the country's out. hezbollah has agreed to keep its fighters out of an area most between lebanon's board with israel and the river that runs parallel to the border. thousands of residents already started to return home despite warnings not to but many are finding their neighborhoods destroyed and completely leveled by this conflict in parts of beirut. a1. 2 million people have been

displaced. >> reporter: i came home and found everything is destroyed. everything is destroyed. the house and the things, everything is lost. >> reporter: earlier today, his relapse military said a palestinian opened fire on an israeli bus and they say at least 8 people were injured, this happening along the west bank. back to you. asmac incoming us ambassador to israel mike huckabee spoke earlier on the show on israel's cease-fire with hezbollah being in jeopardy. >> it probably does not end well and i predicted that hezbollah would not honor the agreement, they never do. none of these irani and backed proxies are interested in real peace. that's not what they are about, they are about destroying israel and killing every last jew on earth and then coming after us in america.

we are not dealing with honest brokers. asmac dan, maybe it is that he hasn't become a diplomat yet, he hasn't been confirmed by the senate but i love the plane talk from mike huckabee and he is right is he not? >> what we are seeing between israel and hezbollah is is relapse effort to support the cease-fire, israel doesn't believe they can outsource the monitor ring of the cease-fire to the lebanese army and don't trust hezbollah so that is why you are going to see continued precision attacks from israel designed to to ensure the israelis who were forced to flee from their homes in northern israel can return safely and that the economy can revive. asmac the crazy thing about the cease-fire, it relies on the lebanese army which is compromised by hezbollah itself to be the buffer, to be the

neutral buffer between has bland israel. that's impossible. i wouldn't say, maybe it's too far to say they are controlled by hezbollah but pretty close. >> this is going to be the new normal for the time being. is real is going to make the job easier by striking hezbollah targets and making it clear that any violations by hezbollah will be met with israel. precision israeli military counterattacks to ensure that the agreement, the cease-fire agreement is upheld so i see that going forward but this agreement does allow israel to some extent to reduce the military focus on the north and allows them to focus on gaza and to defend themselves the, give their troops some much-needed rest. asmac let's bring it back home, these threats being received

first by the cabinet, the number of people in the incoming trump cabinet being threatened with bombs and the whole nature of threats and now even some democrats are being threatened. do you sense foreign fingerprints on these threats? >> this is a key intelligence requirement for us. we need to determine all the details about these threats, learn who's behind them and seek when appropriate to take preemptive action to a lemonade those threats before any harm is caused to our oh officials but we have to take the threat seriously. asmac it brings us back to the bad old days of the cold war when you had the soviet union operating, spy versus spy operating in foreign countries including the us. is there anything about the mo from what you've seen so far that might lead you to believe that there is foreign influence here?

>> i am concerned on a number of threats, terrorist threats to the united states, there's a lot of open field running for al qaeda, isis, and afghanistan, they devastated their attack, iran has sought to kill donald trump, to track chinese dissidents, russia is away from sabotage operations in europe and certainly has the capability to do so in the united states so to paraphrase my old boss george tenet, the system is blinking red and we need to be on our toes, that the intelligence community, the fbi, state, local, law enforcement, to detect these threats to keep our people safe. asmac you were talking about a russia, russians targeted energy infrastructure in ukraine, left millions without power, vladimir putin threatened more attacks and

called it a direct response to the use of american-made missiles inside russia. did biden overplay his hand in ratcheting up the situation by allowing ukraine to use these missiles to target inside russia? >> i think of the story is the biden administration underplayed their hands. we had a stronger hand, those missiles have a range under 200 miles. the now deceased wagoner coup water got closer, presenting a threat to vladimir putin's regime but what vladimir putin is trying to do is gain leverage, induced escalation paralysis in the biden administration so we don't give ukraine what they need when they need it. the new ukraine piece and void general kellogg emphasized in the past that we haven't given ukraine what they needed so vladimir putin doesn't want us to give ukraine the missiles

and authority that would level the playing field to some extent and that was behind this and vladimir putin has threatened us and that's the only thing he has done effectively. to target ukrainian civilians. asmac do you think there's a chance of a negotiated peace with general catalog? >> the challenge for us is vladimir putin knows donald trump wants to deal, we've got to strike a good deal, vladimir putin will do what we can. he's a kgb spy, to strike a deal for russia. it might not be a good deal for our secure ready. one trillion dollars worth of trade with europe and that would be at risk. asmac we will see what happens. thank you so much. anti-israel protesters made an appearance at the macy's thanksgiving day parade. ibly2 these anti-israel protesters tried to block the holiday procession.

[bleep] >> free palestine. >> free palestine. >> free palestine. >> reporter: at least 20 protesters were arrested after hopping barricades and sitting in the street, blocking some of the balloons, can you imagine these protests, you just saw, that was tamer than last year. 40 were arrested, i don't get it. if you are trying to draw attention to your cause and children are watching, why would you disrupt a beautiful parade on a holiday. >> one processed or said don't celebrate genocide, how about we don't celebrate terrorism,

scarlet what it is, the far left agenda for too long fermented anti-semitism, time for it to change, pro-israel, pro-independence, anti-terrorism. asmac thank you very much. coming up, woke marketing, step aside. ♪ place the flame ♪ >> family values making a mainstream comeback in the wake of trump's white house when and what is the financial impact of the trump tax cuts, we break that down coming up next. ♪

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asmac a good day for markets, the doubt up 160 points and nasdaq is up more than 0. 59%, one hundred 12 points to the plus side, s&p had a new record high. you've got some stock picks, let's start with biotech etf. >> our firm does a lot of banking in that space, but you

use a biotech, trump's appointment of doctor marty makary will lead to a wave of innovation in immunotherapy and cancer space, smaller companies will get gobbled up by big pharma, you can benefit from that. asmac what about rfk junior, he's not a fan of pharmaceuticals. >> but his focus is on vaccines, treatments of cancer which we are fully behind the curve on treating cancer. he will be pro-approval and progrowth. asmac cybersecurity, etf, why do you think cybersecurity will be -- >> threats as we move into the neck lead dust. edition next decade will be digital, not physical with adversaries looking to attack us financially. asmac already iran and china, you are saying since they can't do it aboveboard they will play dirty. >> it is hard and difficult to

find a single cybersecurity company that has a silver bullet solution like crowd strike, the cybersecurity companies, if one doesn't have the solution another one looks like it will benefit. asmac can't forget the symbol. now this. elon musk and vivek ramaswamy are heading to capitol hill next week to discuss, quote, major reform ideas. hillary von is at the white house. not what we can expect. the sky is the limit. >> reporter: this meeting with musk and vivek ramaswamy and republicans in congress shows that they are taking the goals of dogeach of cut government waste and spending seriously and they want to work with of them to get it done. >> having people that bring a business mindset, having been a small business owner, bring that small business mindset into congress, looking at agencies can be a very effective strategy so having

elon musk and vivek ramaswamy both individuals who started companies, looking forward to working with bvek ramaswamy on government efficient and effective. >> reporter: most people spent thanksgiving day carving a turkey but vivek ramaswamy spent it brushing up on ways to carve up the size of the government, boasting this picture of sunlight beach reading, suggestions from the congressional budget office on how to cut spending. the cbo in news reports warning if we do nothing, quote, federal debt held by the public would rise to 110% of gdp, reaching one hundred 85% of gdp by 2052. debt that is high and rising as percentage of gdp could slow economic growth, raise interest payments to foreign holders of us debt and heighten the risk of a financial crisis. the committee of a responsible federal budget has an idea of ways to save one trillion dollars reversing president

biden's executive actions, the group says the reckless executive spending on things like student debt forgiveness and healthcare actions could save $1.4 trillion. doge has until july 4th, 2026, to get all the cuts done that they want to get done, but congress has to be involved with some of this and they have a way of slowing things down. asmac they do indeed. the committee for responsible federal budget says extending trump's tax code for ten years will cost between 3.9, to $4.8 trillion. david mcintosh is the president of club for growth. i don't understand why they can't get it in their head, they can't account for the fact that tax revenues have increased by 48% since the code

was enacted in 2017, that far surpasses the rate of inflation. they are predicted it would cost to money, it didn't, it made money. why are they still on the same record, like the old skipping record, they can't stop the skipper. >> they continue to have another approach to economic forecasting rather than a dynamic approach that says when we keep the trump tax cuts in place it will continue to unleash economic growth, dynamism and new innovation that will create more of an economy, a bigger economy and more tax revenues for the government. if they want to, on paper, make it look like it is balancing out there's an easy solution to that, that is to cut all of the biden tax subsidies and tax increases and replace those with extending the trump tax cuts. economic growth without putting the government fund.

asmac i can't stop talking about their predictions because they make these predictions and then forget about, they are now predicting the corporate tax cut, trump says we should lower the corporate rate to 15% from the current 20 one% one% for those companies that make stuff here but look what happened, corporate tax revenues surged in trump's first term, they lowered the corporate tax rate from 30% down to 21 percentage, 91% was the increase in corporate tax revenues after the tax cut was made, supply-side economics, this wild theory from a couple of crazy people like art laffer but it is been used by jfk, ronald reagan, donald trump's first term. it works bringing lower rates to increase economic activity and end up with more tax revenue. why don't they get it.

>> they refused understand because they want to take more revenue out of the system so the government can control how it is spent and used it. in addition what we found with corporate tax cuts is corporations shared that benefit with its employees. very significant pay raises occurred, sometimes one time bonuses but in addition long-term pay increases and americans desperately need that to recover from the biden inflation. asmac you bring up terrific points about all this. appreciate it. biden telling trump you better rethink his plans for tariffs on mexico and canada but the president-elect isn't paying much mind. ♪ and the thanksgiving politics coming up. today isn't only black friday

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asmac now this. many americans are spending this weekend searching for their christmas tree. it is a full month before christmas. at richardson's christmas tree farm in spring grove, illinois. prices are all over the place depending on where you live but what are you seeing their? >> reporter: it is $95 here for every tree whether you get when the 3 feet tall, 6 feet tall, you will be paying $95 so go big or go home.

you are at richardson's, two miles from the border of wisconsin and i have richardson with me, the owner, to talk about this fun first day of selling trees. we were with you last year. have prices change? >> we raised prices to keep up with the cost of labor and trucking and everything but we are holding at $95, pretty reasonable price with everything. >> reporter: customers love the experience. talk to me about how many trees you have a growing at the moment. >> one hundred 20,000 in the field of all sizes, we are planting 12,000 trees every year. i expect to sell 6 or 7000 this year. >> reporter: what about just today? you have a massive crowd. before they even opened the. what is going to be like today or this weekend?

>> reporter: typically the first weekend is the big one. i might sell 1400 trees. >> reporter: the snow is coming down. it is gorgeous and we are getting on the side and warm up and get some hot fire. back to you. asmac you say it is gorgeous. it is 22 degrees and you say it is gorgeous, you're a good reporter. >> you have acosta. asmac thank you very much. the national retail federation expecting record-breaking holiday sales. amazon workers in major cities are planning to strike. >> reporter: sales likely okay, shipping might slow down. amazon workers are planning a worldwide strike in 20 countries. they call it amazon pay for labor abuses and environmental degradation. amazon is responding and they say we provide great pay as well as opportunities. the strike is coming as 183

million of us will shop between today and cybermonday in store and online. according to the national retail federation, total holiday spending topping $980 billion this year. asmac well. >> it is could offer many retailers they have a good period between thanksgiving and christmas. we got horrible numbers last week out of target, calls and best buy, pretty big retailers, the heart of american retailers so it looks like the numbers are stretched. never bet against the consumer, they are spending but have to and spend on rent, healthcare, food, the question is what is left over? we will find out in the next 3.5 weeks between now and christmas. >> reporter: he seems like a skeptic over in the air but he was bullish on amazon so we will see what happens. asmac $984 billion is not far from 1 trillion, $1 trillion.

next, earlier this week volvo putting out an emotional profamily add, apple is following suit, looks like the anti-woke movement among advertisers is strong. >> i had tears in my eyes. we will show you one that will pull your heartstrings. the name of the apple add is heartstrings the for the new apple air pods that help people who struggle to hear. >> i know what is is. thank you. >> listen. you place the flame. >> the apple and volvo add celebrate family fatherhood and

the you can call it a profamily cultural revolution. asmac you can't see it on the air but you are tearing up. ibly2 my family always goes like this at movies. i am pretty predictable. >> i will have to title go woke go broke, looks like maybe they are getting the message. >> talking about disney abandoning woke policies moving in that direction, the woke minorities getting replaced by the american majority and this is what we are about, no one wants the retail mixed with politics. we want good wholesome products. asmac i don't mean to make everything political but it doesn't seem the democrats got that leading up to the election. >> that was a message that misfired and didn't get communicated but the american people made clear it was about the economy, immigration. asmac if that can make you cry,

it's a pretty good ad. still -- still ahead, joe rogan claims his episode with trump was censored by google. >> made it impossible to find the video. they said it was an accident. asmac with over 50 million views on youtube it seems the alleged censorship didn't work out very well. homebuyers demand for mortgages jumping after the first interest rate dropping two months. is this trend going to continue? we will ask mitch rochelle what he thinks next. ♪ 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.

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. asmac mortgage rates dropped driving total mortgage demand 6.3%. mitch rochelle, great to see you. will the trend continue in a positive direction. >> the trend will continue because of interest rates.

you see in the equity markets investors in the stocks or homebuyers, weight is lifted off their shoulders about the uncertainty about the election. people sitting on the sidelines making a decision about a big-ticket item moving forward. asmac what is your sense about interest rates, the fed tried to convince everybody inflation wasn't a worry, markets to those rates high. do you think that will continue? with great news coming out of dog the, people aren't sure it will work out. >> what could end up happening on friday morning after thanksgiving, short-term rates are low and long-term rates are

high that could drive up mortgage rates a little bit. that would be my hope, it would mean capital markets are operating efficiently but the level interest rates are now, if you ask a question, buyers waiting on the sidelines for rates to come down, is a full lapse aaron. we have to get used to it. asmac you are a wise man. have a great holiday season. warren buffett offered advice for parents on thanksgiving day. what did he say? ibly2 in a letter to shareholders at berkshire hathaway he writes, quote, when your children are mature, have them read your will before you sign it. be sure each child understands the logic for your decision and the responsibilities they will encounter upon this debt. and allow them to make changes,

common sense, family fighting after you are gone and that advice came alongside and advancement he donated $1 trillion of berkshire stock to family charities. he is famously saved up $300 billion in cash. what does he do with that? >> he's taking a transparent stance with his kids that if you inherit this it will be for charitable structure to have an impact which i agree with. i have difficulty in preventing his advice because i have a 19-year-old and 6-month-old, and a 16-year-old and a 17-year-old in between. great to be transparent but i don't know if you are not a public persona. asmac they are both gone, everything is transparent, my sister and me, worked out, the

it was terrific, transparency is the right way to go. great to see you. we are going to do a quick programming note. martin scorsese presents the saints on fox nation. a look at a brand-new episode about saint sebastian. this airs on sunday. watch. >> you are a defender of row. you must reestablish. >> i can see right through it. >> i speak in the name of the one true god. asmac you can catch new episodes every sunday. i've seen the previous two, through december 8th, all on fox nation. still had, brian brenberg on joe rogan's claim the google censored his episode with trump. the green light to attack law enforcement with abca17, biden

claiming trump's tariff threat against canada and mexico is, quote, counterproductive. the 11:00 hour of abca3 is next. ♪ [cheerful music] [phone ringing] not all multimillionaires build their wealth the same way, you have... the fearless investor. the type a cpa. the boot strapper. the boot maker. hee-ha. but many do have something in common. we all trust schwab with our wealth. thanks to our award-winning service, low costs and transparent advice, every day, over a million multi-millionaires, trust schwab with more than three trillion dollars of their wealth. ♪