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stuart: real christmas music. real -- maybe we have -- neil: likes religion and christmas. stuart: i don't like elevator christmas music. >> we had that conversation a long time ago. stuart: good morning, every one. 10:00 eastern, 2 of the money. it is, we started in the red, now we are all in the green, not by much but we have the 10 year treasury yield moving up and not by much, it's up 4. 20 one%, the price of oil $61 a barrel and bitcoin is the

financial story of the day. vivek ramaswamy, elon musk meeting with lawmakers discussing doge. vivek ramaswamy has arrived, waiting for elon musk and waiting to update this as we get more news, a big deal on capitol hill. now this. it looked like donald trump would win the election stocks moved higher. when a trump win was confirmed on election night stocks went up, still up at record levels. when crypto friendly elon musk teamed up with the president, started using crypto for national reserve and moved above $90,000. after the appointment of a new sheriff to regulate the industry it went above one hundred thousand. it is the trump affect. across-the-board the election of donald trump is changed so much, the country has turned

positive. a good measure is the mood of the consumer, consumer confidence had a 16 month high within weeks of the election and that translated into record spending on thanksgiving. that's the trump affect, business leaders getting behind the new president, jeff baeza's, mark zuckerberg, jamie dimon, space x and tesla's elon musk. they want something. trump is exercising his power. the trump affect his obvious overseas. mexico and canada are scrambling to comply with trump's border policy, china trying to deal with the threatened tariffs. iran is worried and rightly so as our hamas and hezbollah. zelenskyy talking peace with israel and israel is no longer lectured by a week american president, the trump affect ripping through domestic politics, the scope of the democrats loss is forcing them to take another look at what they stand for, calling people

racist or sexist no longer has byte, identity politics out, prosperity in. so many things have changed in such a short period of time. the country is ready for it. hunter biden the majority thought america was headed in the wrong direction, trump wants to turn that around, he stopped would good start. second hour of varney just getting started. i am still on. i think i got caught there. brian: a really strong "my take". stuart: do you think there's a new positive mood in the country? brian: i feel that based on the action that i see from donald trump. we had a president for four years in biden who felt like he couldn't get anything going, couldn't get out on the stage,

couldn't lead, now you have trump and it felt like within minutes of being president-elect he was moving. cabinet, talking to world leaders, making demands and it is happening, that is what gets people excited that america is back in a leadership role. stuart: vivek ramaswamy is on capitol hill. they will get together to discuss with lawmakers the department of government efficiency, doge. do you think doge, kind of like it, the centerpiece of trump's domestic policy? brian: there are some carrots in the policy and a big stick. i think doge is the stick, they will be on capitol hill, here's what we are going to do, shrink government, shrink spending and you get on board or we will point that massive x megaphone at you and you are going to be in trouble and they will say yes, sir, we will do whatever we can. think how much money is on the line with these two taking their time, they are serious. they are there to say get in

line. stuart: they want to be the center of power, they love it. brian: and pretty good at it. that the other piece which america likes. stuart: you are with me for the hour. elon musk's artificial intelligence startup, x ai, probably a major expansion. come on in, details please. ashley: he's planning to expand the ai supercomputer the tauzin memphis, tennessee to at least one million graphics processing units, gpus, that would be a massive upgrade for the computer which is called colossus, currently has one hundred thousand gpus to train x ai's chat bot which is called glock. according to a memphis chamber of commerce nvidia which supplies the gpus along with dylan supermicro world establish operations in the city of memphis. it is all part of musk's effort to take on open ai and its

chief executive sam altman. last month the billionaire expanded his lawsuit against the chat gptmaker arguing open ai and microsoft are ill legally trying to monopolize the ai market. what a boost from memphis, tennessee. fantastic stuff. stuart: all that stuff going into memphis is a boost indeed. take a look at micro strategy surging after bitcoin topped one hundred thousand dollars for the first time ever. charles payne is with me this morning. before we get to the bitcoin surge i want to go back to what i was saying in "my take" that there is a new positive mood in the country which you can't measure, you are telling me you can measure it. charles: i will start with a couple measures and here's the interesting thing. one, the farmers of america, exploding, the optimism. what they see down the road and cfos on the other end and then in the middle you've got young

voters, the most disparate areas of the nation all quantitative, and the last 24 hours that will blow your mind. in addition to brian's point fielding my own business through the roof, through the roof, people are optimistic and want a piece of the action. we were told to be afraid to be americans, to dismantle this in the name of justice for yesteryear, now being told to embrace it. let's and enhance it. we are the number one nation in the world and people in this country are saying we want to be on board. not just that but the foreign money coming into our stock market. we are 60/68% of the world stock market, people are saying forget about it. everyone wants to do that. stuart: tell me about bitcoin. will the surge continue? i call it the trump affect bitcoin rally. charles: this is a man that put

his money where his mouth is. he told me 13 million. it is just getting started. >> believer say infinity is the limit. stuart: are you buying that? he knows what he's talking about. charles: targets on stocks isolate from my subscribers but other than that, the targets are just targets. let them know where they are going to go but the thing is when it gets hot, when it gets hot it sizzles, when it took out 40,000 a few days later took out 50,000 and a couple weeks later when it gets hot it sizzles and i say yet again get out-of-the-way. stuart: you had a big show, michael seiler on bitcoin, you also had sam altman, here's what he said about chat gpt getting the world excited about ai, this is from your show, take credit, roll tape. >> working on ai for a long

time and put these things in the world and there's been some excitement intact but it really was this moment of chat gpt which was like a research preview we put out and that was the moment it caught fire. many new jobs will be created, better jobs. a responsibility to educate society as we see it. and to be as good as we can being stewards of this technology. stuart: that was your interview. charles: they understand what is at stake. this exponential power. chat gpt is the fourth iteration of it. november 30th open ai put out an announcement before chat gpt and to his point, could you have imagined, this project, he

has more passion about it than anybody but can you imagine the instantaneous impact that is the stock market, everything. it has been so mind-boggling and it has some people excited about the future and others a saying it's too much because there will be jobs lost but between those losses and industries a lot of people will be hurting. stuart: see you again this afternoon. charles: anytime markets are at all-time highs i'm excited. stuart: back to the market. i see american airlines moving today, lots of airlines moving. charles: they say the pricing at revenue environment continues to improve, southwest also raised its forecast, up they go. stuart: l 40. lauren: on it resurgence in

jack daniels whiskey and ready to drink, very popular. they reported better earnings, sales stocks up 9%. stuart: drinking more, 8%. did has low -- did it has the hit a new high? yes it did. charles: it did. lauren: analyst increase their price target. i want to speak about one, bank of america, they go to 400 because the humanoid robot optimists is being used in manufacturing of this type of thing. citibank is out with a forecast, citigroup, that there will be 650 million versions of optimists by 2050, $7 trillion market. stuart: these projections of enormity. see if you can get people to start drinking more wine because we are in the wine business and not getting a resurgence resurgence of wine drinking.

coming up, chilling new details about the shooting of the united healthcare ceo as the manhunt for the gunman is still underway. preemptive pardon, the white house is reportedly discussing pardons or biden allies, lose cheney, adam schiff, we are all over that. ukraine officials holding talks with incoming trump administration reportedly open to a peace deal with russia. former assistant defense secretary elbridge colby on what that deal might look like next. some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. across all your benefits and savings options. so you can feel confident in your financial choices. they really know how to put

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♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. stuart: markets are still mostly in the red, the dow is down 60, the s&p down a

fraction, nasdaq holding onto a 6 point again, defense stocks, we put them on the screen because china decided to impose sanctions on 13 us military firms in response to the sale of us arms to taiwan. those stocks, at least some of them are down but not by much. opposition lawmakers in south korea set to vote on impeaching the president of the country after his emergency and martial law declaration lasting a couple of hours. trey yingst in seoul, south korea, give us the latest on the political turmoil there. >> reporter: fallout from the martial law decree continues. we know police in south korea announced to lawmakers they are investigating the president for an insurrection, an offense punishable by death. the developers come as south korea's defense minister resigns, that resignation was

accepted by the president who faces continued calls for his own resignation. a spokesman for the south korean defense ministry is talking for the first time since the martial law order apologizing to the public. >> translator: regarding emergency martial law we are sorry for causing concern among citizens, the military, while maintaining a defensive posture will focus on its main mission which is to protect national security and people's lives. >> reporter: lawmakers are expected to vote saturday on a motion to impeach him. the 300 seat national assembly, this means 8 members of the ruling party would have to vote against their leader. the conservative people power party vowed to fight the vote saying ironically it would cause chaos and harm to civilians, you get a sense in the streets of soul that police forces are preparing for large-scale unrest. police lined up on streets in

the capital city and piles of riot shields. stuart: not good. thanks very much. trump officials holding high-level stocks with ukraine about a peace deal with russia as house speaker mike johnson has denied biden's request for more aid to ukraine. >> their development by the hour in ukraine. as we predicted and as i said to all of you weeks before the election, if donald trump is elected it will change the dynamic of the war on ukraine and we see that happens. it's not the place of president biden to make that decision, we have to take the new commander-in-chief's direction on that so i don't expect a few things like that. >> reporter: a defense secretary under trump joins me now. what would a peace deal, russia and ukraine, what would it look like.

>> great to be with you. i don't want to get ahead of the president elect, we see a lot of pieces move in, people see donald trump's for real and wants to make peace but also not somebody to be toyed with. we know that from his first term. you 've seen the ukrainians are coming, they met with his transition team, general kellogg and others, congressman walt and there been signals from the russians of an openness negotiation. exact the what that looks like i don't think we know, but a key part is going to be european stepping up which donald trump has been on for 40 or 50 years and you see some movement, the financial times reporting today that the eu is considering defense bonds, marvelous to see that europeans will stand up if the president holds into account. stuart: i think it is the trump affect actually whipping across the world. another one for you, trump's

middle east envoys in qatar and israel pushing for gaza cease-fire before trump's inauguration, could there be a cease-fire in hostage release before trump takes office january 20th? >> i hope so. we know donald trump commands respect in terms of willingness to make threats and follow-through on them, his comments on truth social about the hostages, his willingness to back that up and a very focused and calibrated demand, very reasonable, the american people voted for that but we also see the cease-fire in lebanon which again happened after donald trump was elected and biden and his team want to take credit but they've been vainly trying to do something about that for over a year and nothing has come of it. even the irradiance are getting the memo, that they are interested in trying to accommodate the new trump administration. we see again this winning combination of donald trump bringing strength but also an

interest in peace and willingness to negotiate enough likable and pragmatic way. we can't get that soon enough, jake sullivan was admitting yesterday that stockpiles are bare but if god forbid there were a war with china we would run out in a hot minute so such a bad situation, that's important for people to understand as they prepare for a much better situation under donald trump, really bad situation. stuart: france's government has collapsed, the prime minister was ousted in a no-confidence vote. this is. will turmoil in france right before trump gets there this weekend. what's the significance of that? trump goes to paris looking like the president of the united states, meeting macro in political crisis. what's in it for us here? >> a couple things. the reopening of notre dame is a civilizational event, all of us feel and affection and support for that and it is interesting emmanuel macron was critical of donald trump, like

justin trudeau, invites him to come to the reopening and i think donald trump is magnanimous and gracious to go. the other thing i would say is angela merkel, former chancellor of germany a couple years ago going to harvard and prattling on about being the leader of the free world. a lot of these people who have gone to these meetings in the g7 with president biden, justin trudeau, emmanuel macron, the government of france is failing, the government of germany has fallen, the government of canada is on the verge of defeat, the government of japan has fallen and i think there's a real wind at the back of donald trump and a lot of people out there, previously opposed who are changing their spots but people like prime minister modi and benjamin netanyahu who want to work with donald trump. stuart: it is all change. you are being considered as a replacement nominee along with governor desantis of florida. would you go back to the trump administration?

>> i don't know about those reports, where they are coming from. i make no presumptions but i would be honored to serve the trump administration whatever role i could have a positive implementing his agenda. it is about donald trump's agenda. he has run on america first, peace through strength, the agenda i believe in, the agenda the american people have given a mandate for so i would be honored to make a positive contribution. stuart: aoc is considering a bid to become the lead democrat on the house oversight committee. that would give her platform to challenge trump openly. is she maneuvering as part of a presidential run? fed chair powell warns america's debt is on an unsustainable pastor how do we get the debt down? ej anthony on that next. ♪

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stuart: welcome to new york. a little cloudy and misty but that is new york and we are playing this song because taylor swift ranked number one most streamed artist globally on spotif dagen: and for a second year in a row her music generated 26.6 billion streams on the platform. lauren: two years, one hundred 50 plus shows, the end of an era. stuart: take a break. save your money. stuart: back to the markets please. what is the synopsis? lauren: they have a weaker annual forecast, some chinese customers are hesitant to purchase chips for the export controls. stuart: it moves the other day? lauren: wolf research says to

buy it, stock is up 4.5%. the technology will play an important role providing the west with self driving solutions. it is on a roll and down 60% this year. stuart: i am glad you pointed that out. ford motor company is down today 2% lower. lauren: wolf research downgraded to sell, they sell the most downside risk of all the automakers next year to forward. it down 2. 2. stuart: 10 bucks a share. let's get back to elon musk and vivek ramaswamy meeting with lawmakers on capitol hill today, vivek ramaswamy has arrived. aishah hasnie joining us, she's there on capitol hill. what's the latest. >> this is the talk of capitol hill, everyone is on the lookout for elon musk. there hasn't been an our arrival shot yet, we are not sure he's on the grounds but we did hear there might be security detail outside the gop

leader john thune's office, we will flag it to you if we can find him but we saw vivek ramaswamy head into this caucus meeting. joni ernst is heading that caucus. you can see the crowd press that is waiting to hear what happens in the meeting and talk to lawmakers as soon as they come out. f they want to cut government waste today, they want to reduce the federal workforce by 75%, cut $2 trillion in federal agencies, they want to get the job done by 2026 just two years elon musk has indicated one way to cut back is to fire federal employees who don't return to the office. not a lot of sufferings republicans and democrats together but dogeast seems to be sparking bipartisan buzz.

>> it doesn't mean we are going to start cutting services but it would be more efficient. >> anybody could support making the government more efficient and saving whatever money we can. >> reporter: this is going to be not just a listening session but senators will offer their own ideas as well and we will find out what they come up with and they will head to the house and speak to house republicans there as well. stuart: the buzz of capitol hill. thank you very much, co again. the congressional budget office claims donald trump's tax cuts will not help the economy grow. what say you, anthony? these are government been counters, they say tax cuts won't grow the economy. what do you say? >> how many times do these people have to be wrong before

we stop listening to them. they told us trump's tax reform wasn't going to grow the economy the first time. they said it wasn't going to happen during reagan, it did. when jfk cut taxes, when warren harding, calvin coolidge when they cut taxes, every single time it spurs economic activity because you are allowing people to keep more of what they are and, creates more incentive to earn, creates incentive to produce more economic activity, grow the, to make a nation stronger. i n't know why they are so opposed to tax reform. of the one can tax cuts create enough growth to bring the debt down? >> they certainly can. we saw this with the first trump tax reform. revenue in the falling years, a big chunk of that was inflation, you can't erase more than half the increase we've

seen, use our real economic gains the last several years. stuart: fed chair powell says the us is on an unsustainable fiscal path, he says the us federal budget is on an unsustainable path, the debt is not at an unsustainable level but the path is unsustainable and we know that has to change. he is calling for course correction. how does he get the debt down? >> he can't to do much. we need congress to spend less money. the elephant in the room is the fact that powell is playing politics. he was asked these exact same questions before the election at various points during the biden administration every time he gave an excuse it's not time for me to comment on that. is once again being political now that trump has won, if you look at the minutes from the latest fed meeting all of a sudden they are not so keen to

keep cutting interest rates, they are talking about maybe pausing or cutting rates lower. once again they are playing politics and grossly incompetent. they are more concerned with politics than with monetary policy. these people have racked up over $1 trillion in unrealized losses on the fed balance sheet, they realized losses in the form of deferred asset of $210 billion, they are no longer sending remittances to the treasury, they botched the job. powell and all of the fed governors voting with him should all be removed on day one for cause. stuart: i wonder what that would do to the markets. we will see you again soon. ej anthony. brian brenberg, what is your view? do you think the republicans can bring the debt down? brian: they need a consequence for not doing it. that's what doge is all about, if you don't get spending under control, elon musk and vivek

ramaswamy will keep talking about it. if you want to fix it you have to get yearly deficit down, spend less, take in more revenue. you've got to grow the economy, make the debt a smaller portion of what we produce every year, that's why the tax cuts are so important. they grow the economy and make that debt serviceable. stuart: got to keep tax cuts. we want more. stuart: still had, charlemagne tha god calling out whoopi goldberg for defending hunter biden's parton. >> democrats are not a monolith. >> why won't you say when democrats are wrong. stuart: see and feel it. the race is on to unseat nvidia as the king of ai chips. can anyone really compete with nvidia? we will deal with that next. ♪

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stuart: elon musk has arrived on capitol hill, went into a meeting with incoming senate minority leader john thune. he went into that with one of his young children on his shoulders. vivek ramaswamy meeting with the senate doge caucus. and musk arrived, all out of order but the story is musk and vivek ramaswamy are on capitol hill and musk has one of his children on his shoulders. we get a picture as soon as we can. on the markets, the dow takes a turn to the south down 127 points these minor losses. check out amazon please. this did not affect the stock.

they successfully completed an initial test of delivery drones in italy. details about the targeted shooting of united healthcare chief brian thompson. alexis mcadams, there were words found on the bullet casings. what were they? >> reporter: we are working for exact information. denied, oppose and offends, that the title from 2010 that was written slamming of the insurance industry and lack of coverage for many americans. those three words could be evidence as they work every lead on the ground. the main evidence of this case is surveillance video shows the shooting on your screen, we freeze it before we shot because it is graphic. he is shooting brian thompson,

the ceo of united healthcare, first shoot him in the leg, that the new gets closer and shoots him in his chest. police tell me the gunman had been waiting for the ceo across the street, spotted him and started shooting. >> the motive for this murder is unknown but based on the evidence we have so far it does appear the victim was specifically targeted. >> reporter: the gunman was wearing a mask, gloves and hoody. some people say looked like a really good shooter, knew what he was doing with a gun and had this planned out to webtv. to fc. other people, better experts say he was an amateur because he grabbed a starbucks coffee before the shooting. you see his face and there. that the clearest picture the police have that they released so far. his face wasn't completely covered as he grab something to drink, something to eat and threw it away in the trash. they grab the trash and piecing through it as they work to track him down.

this is who was killed, brian thompson who lived one of the biggest health insurers in the country, united health care. he was a husband and her dad, two kids just in high school, imagine them getting the call yesterday, they live in minneapolis and minnesota and he was in town visiting for work, he was supposed to speak at the investors day conference at the hilton hotel in midtown but he was killed, you see him in this targeted attack, he was spot on a bike, and a bite, he walked over now i and took off toward central park. a witness called 911. >> i heard three shots and when i looked. the guy closed. >> reporter: there are posters with the suspect's picture. they hope someone recognizes him and calls it in. stuart: thank you very much.

nvidia rules the ai chipmarket, amazon and amd emerged as competitors. can anybody compete with nvidia in the near term? >> we think there will be complementary offerings within the accelerated ecosystem which will dominate and have 80% share in the foreseeable future but we expect there to be more complementary offerings with custom silicon chips that are designed directly by these scalars out there. amazon is a phenomenal ecosystem with great product offerings. there are going to be chipmakers that benefit from this trend so as far as amazon ships are concerned, providing that ip to a company like

amazon with alphabet or meta, internal late custom chips looking at a company like broad.com benefiting from that. winning the lions share, we expect it to be nvidia because of a massive ecosystem. stuart: you have a new price target for nvidia, one hundred 44, you think it's going to 165. >> 12 month target price is one hundred $55 and we think the street continues to underestimate the offering that will be in the first half of calendar 25. we expect that to be the next catalyst as we see upside revisions to those estimates. stuart: what a stock. thank you for joining us.

still ahead, president biden still flies on air force one, still has the title of president but has faded into insignificance. in my opinion trump has taken over already as president. that's "my take" top of the hour, teachers quitting, chronic absenteeism, testing shows covid lockdowns still taking a toll on american students. the impact next. ♪ (sneeze) (hooves approaching) not again. your cold is coming! your cold is coming! thanks...revere. we really need to keep zicam in the house. only if you want to shorten your cold! when you feel a cold coming, shorten it with zicam (revere: hyah)

stuart: we have new results, students still have not fully recovered from the learning losses during covid lockdowns. how bad is it? brian: i have a few shots for you. fourth-grade math scores, 2019-2023, look at the dip in the scores, we are tied with portugal in terms of math prowess and slightly ahead of cyprus and the slovak republic but look at eighth-graders. worse for eighth graders. they took her massive plunge. we find ourselves in the 20th spot worldwide right behind malta. not that we are not spending money. we are spending 14 k in 2021, 2022 the latest data, the biggest one year increase we

have ever had in people spending. the biggest increase, look at the doe budget, it is up 11. 5% since 2019, scores were down. vivek ramaswamy and musk on capitol hill talking about waist, looking at numbers like this and saying the department of education needs to -- stuart: i am looking at the teachers union that kept close longer than necessary. brian: we were close longer than most countries globally which is why we fell more than those countries globally in that time period. lauren: let teachers teach, making sure another person's elbow touched another elbow and document it rather than teaching. stuart: now this. will be -- whooping cough, not sure of the pronunciation, on the rise across america.

ten times more cases reported compared to last year. doctor frank contra sessa joins us now. don't we get vaccinated for it? >> yes we do. typically we see seasonal rises in whooping cough, back to a pre-pandemic level, before the pandemic, we do get vaccinated for the starting in infancy, four, six months you start to get boosters for this. we do but we are also seeing falling vaccination rates, skepticism of the pandemic towards vaccines led to a lower vaccine rate. it is treatable with antibiotics, only a threat to the young and old and sick. if you get it for a short while the cough can last for months.

not something to panic about but we have to deal with it. stuart: vitamin c could increase the chance of survival. is this a big breakthrough? >> it was a small study, they took high doses of vitamin c, a thousand milligrams is the typical vitamin c supplements people take. 75 times that amount given three times a week in conjunction with chemotherapy and improves survival rate in pancreatic cancer buyer few months, didn't really cure that, pancreatic cancer is one of the first things in the cancer world -- >> extending lives of patients in the late stage trial.

>> what we have to work on is early detection, it can be surgically removed in many cases. stuart: thanks for joining us, see you again soon. we are watching you on "the big money show," one p.m. one pm eastern on fox business network. still ahead, mary catherine hamon aoc's bid to become the lead democrat on the committee, springboard for the presidency may be. kennedy on a charlemagne god and whoopi goldberg's heated exchange over hunter biden's pardon. trump asking him to get rid of dei. tomi lahren on ketanji brown jackson comparing bans on child sex changes to banning interracial marriage. the 11:00 hour is next. ♪

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