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tv   Varney Company  FOX Business  December 6, 2024 9:00am-10:00am EST

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pomboy. >> well, i think this number is sort of going to be seized as an indication of the immediate reaction to trump's election. and the enthusiasm and excitement about those policies. but now the pressure comes on congress to get this stuff through and get it done. and i agree with you with that prioritizing the tax cuts should be the very first thing that they do, not on the back burner. this is urgent with higher for longer. maria: great conversation, everybody. we so appreciate everybody's time, stephanie, steve, alfredo, charles, luke, thank you, everybody. i will see you tonight on maria bartiromo's wall street, 7 p.m. eastern here on fox business. i'll see you sunday on "sunday morning futures" on fox news. "varney & company" picks it up. stu, take it away. stuart: good morning, everyone. yes, it is jobs friday. we have the number, and here it is. 227 the ,000 jobs added to the
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economy in november, figures for september and october were revised upward by 56,000, a little stronger than expected. the federal reserve will be looking closely at this. the unemployment rate, though, that ticked up very slightly to 4.2%. here's the market reaction, kind of neutral. the dow industrials up maybe 40, s&p up 7, nasdaq up about 22. a little bit of green. interest rates, they're headed lower. the yield on the 10-year treasury at 4.15 right now, and the 2-year right around 4.10. actually, 4.09. so interest rates down on the jobs news this morning. bitcoin, that's dropped below $100,000 even though president-elect trump has appointed a crypto czar. 98,7 as we speak. the new czar is david sacks, a wealthy venture capitalist. politics. there is more speculation about the preemptive pardons biden is considering pardoning people who have not been accused of any
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crime but who may be targeted by the incoming administration. this would vastly expand the pardoning power of the president. it's not being well received. the "wall street journal" says it would be an abuse of the president's pardoning power. president-elect trump will be in paris this weekend for the reopening of notre dame. he is the president-elect, but he's acting more like a sitting president. biden fades, trump shines in the global spotlight. he was in the potlight last night at -- spotlight last night at fox nation's patriots awards. he was declared patriot of the year. friday, december 6th, 2024. "varney & company" is about to the begin. ♪ ♪ silver bells, silver bells. ♪ it's christmas time in the city ♪ stuart: i'm admonishing our producers, do not play the
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little drummer boy, please. lauren: what do you have against that show? >> even when david bowie does it? if. [laughter] laugh. stuart: what do i care about him being a brit, for heaven sakes? let's get serious. the jobs report, 227,000 added many november. lauren, what else do we have? lauren: so revisions for the prior two two months were revised higher by 56,000 as the striking and the hurricane-affected workers returned to work. now, the unemployment rate that is less affected by those factors, it shot up to 4.2% as the labor force declined by 193,000, and the number of people employed declined by 355,000. earning rose 4% on an annual basis. health care, social assistance led the way. government also created jobs. and in the key holiday shop ising month of november, retail lost 28,000 positions. translation on wall street, the
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the economy's okay, job market's showing some cracks. it's okay cut rates next month. i'm sorry, this month, in just a few days. stuart: it is december already. lauren, thank you. a former biden official says preemptive pardons from biden are not if out of the question. watch this. >> president biden and then-vice president harris on the campaign trail talk about what they believe donald trump's abuses of power would mean. and i think that they're taking every opportunity here to explore the options they have left in the time that they have left in office to protect people who may be subject to that attack. so, yes, i think it is absolutely a serious process they're undergoing. we'll see what the ultimate out.com is, but -- outcome is, but i would imagine biden views this as an opportunity to ensure that people who don't deserve to be targeted in that way aren't. [laughter] stuart: interesting. kaylee mcghee white joins us morning. "the wall street journal" says
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these pre'em tiff pardons would be an abuse with of president's pardoning power, so why are they thinking of doing it? >> not just that, but tell me you're guilty without telling me you're guilty. this is one with of the reasons why i think it's notable that adam schiff who's one of the names floated actually came out this week and said he doesn't want one because the obvious implication here is if you are granting a sweeping preemptive pardon without naming any criminal activity, you are implying that there could be criminal activity that could be charged under donald trump. now, i think it's worth noting, however, that the only reason that democrats are worried about being charged for any criminal wrongdoing is because they first opened the pan doer a's box of law lawfare if -- lawfare. they threw hundreds of charges at donald trump. they raided his home, hit him with a $400 million fine to try and bankrupt him, and now they're worried that's going to come back and haunt them. well, it might. i don't think that,ed.
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i think lawfare is bad for the country regardless of who does it, but they started this trend, and they will have to live with the consequences. stuart: they will, indeed. pete hegseth says she's not -- he's not going to back down to the media attacks on his background. watch this. >> i'm not going to back down from them one bit. i will answer all of these senators' questions, but this will not be a process tried in the media. i answer to president trump who received 76 million votes on behalf and a mandate for change. as long as donald trump wants me in this fight, i'm defining tock tock the to be standing right here in this fight, fighting to bring our pentagon back to what it needs to be. stuart: just moments ark trump posted this on truth social. he said support for hegseth is strong and deep despite what the media says. will the media ever let it go? >> not so long as there are sitting republican senators who are feeding the media's narrative currently. and i think this is important. because if there are republican senators out there who oppose
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pete hegseth's nomination, they need to to be honest with the american public about why they do so because american voters elected donald trump for change. and i say this with a brother who has served in the navy for the past six years. when he heard about pete hegseth's nomination, he was ec at thetic. -- ecstatic. he was looking forward to someone without direct pen gone experience to come in -- pentagon experience to come in and shake things up. that is what they will get with pete hegseth. stuart: they'll do anything to bring them all down, the media. they'll never stop. kaylee mcghee white, thanks for joining us. the patriot awards were held last night in new york. president trump won the patriot of the year award. what did he have to say? lauren: he was grateful, focused. very optimistic for his second term. watch here. >> right now we're not so proud of our country. of we're going to be very proud of our country again. it's going to be, it's going to be better than ever before, it's going to be the more successful
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than ever before. we're going to be the more respected throughout the world than ever before. lauren: and fox's patriot i awards were the perfect opportunity to deliver that sort of message, uniting behind a lo of country -- a love of country and celebrating heroes. stuart: trump has tapped david sacks as the new a.i. crypto czar. lauren: he's a venture capitalist, a billionaire, a tech the maverick who is also good friends with j.d. vance, and he's someone donald trump believes can steer this new position so america can lead in two important industrieses, artificial intelligence and crypto. trump writes this: david will focus on making america the clear global leader in both areas. he will safeguard free speech online and steer us away from big tech bias and censorship is. he will work on a legal framework so the crypto industry has the clarity it has been asking for and thrive. okay. bitcoin today pulling back from that 100k.
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the election and trump appointments like sacks but also at the sec, paul atkins, have given it its legitimizing moment. bitcoin's at 98 today. it's up 40% in 4 weeks. since the election. stuart: that's called a rally. lauren: it was 68 or 69k at the election. stuart: still got green on the screen, up 60 on the dow, up 25 the on the nasdaq. ryan payne with me this friday morning. the jobs report, 227,000 jobs added in november. not much of a reaction from the market. kind of neutral numbers. >> i mean, it's a great number, let's not make any mistake there. 227,000 jobs is a great add. 4.2%, we're still at, like, 50-year low in unemployment and, you know, i suspect here now that we're looking -- if i'm a business owner, which i am, you're looking at deregulation and lower taxes. there's going to be a lot of pent-up demand to hire more people now that we're past the
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election. so i think that number's going to stay strong for quite a while here. bottom line, yes, it was expected but also it signifies the fact that we've got a red hot economy right now. gdp is tracking 3.2 2% this quarter. i said we're going to get here, and we're here now. stuart: look, we seem to be making new highs every other day on wall street whether it's the dow, the s&p or the ma nasdaq. it just keeps on going up. >> yes. stuart: people tell me you don't sell the high, you invest in the high because it's going higher still. do you belief that? >> yes, but no one's going to tell you when the party stops either. we have a new presidency, but we have an old bull market, over 65% the past 2 years. your in the 97th percentile in terms of the s&p 500. i've been talking about this melt-up situation very rem reminiscent of the tech bubble. if it gets as a crazy as it did
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back then, 25 the times forward earning on the s&p 500, if we get there again, that is, like, 7,000 on the s&p. but i would ray is -- say this, you're just getting major exposure to the magnificent seven which is the a.i. trade if you buy the s&p 500. that's your microsoft, nvidia, apple. that's not giving you broad exposure to the u.s. economy which is doing really, really well right now. that's why you want to have small caps in your portfolio. i would diversify your exposure with now. i've been saying this every week, because at system point the party is going to stop in the s&p 500, and it's the not necessarily inexpensive -- stuart: ryan payne on friday morning -- >> coming in hot, stuart. stuart: you did. charlamagne tha god blasts gavin newsom. >> you're going to end up looking like a hypocrite when, you know, you need the president for something and you're all in his face smiling and cheesing.
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stuart: our california guy, steve hilton, will be all over it. federal office buildings cost the government $8 billion a year to lease and maintain. a new report reveals only 6% of federal workers report to the office five days a week. the doge committee says it's time for the feds to use the office space or lose their jobs. the report from capitol hill is next. ♪ do work, do work. ♪ yeah, yeah, we can work from home. ♪ we can work from home ♪ at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances can make a new tomorrow possible. better questions. better outcomes. dexcom g7 is one of the easiest ways to take better control of your diabetes. this small wearable replaces fingersticks, lowers a1c,
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stuart: 14 minutes til the opening bell, and we've got a little movement, upside. the dow is up 80 points, nasdaq up 36.
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green on the screen. we are seeing some of these gains because that november jobs report, investors seem to like it. 227,000 jobs added, and the unemployment rate up slightly to 4.2%. vivek ramaswamy and elon musk met with lawmakers to discuss plans for doge, department of government efficiency. hillary vaughn on capitol hill. all right, hillary, what came out of those meetings? >> reporter: stuart, this was a 6-hour brainstorm thing session with elon musk, vivek ramaswamy and lawmakers, and it was kind of like an open mic night meets "shark tank. " lawmakers taking turns going to the mic, pitching their ideas to musk and ramaswamy about places that they think can be cut in the federal government. but while republicans are rallying behind doge, some democrats are being downers about the idea. >> what are your thoughts on e elon musk and ramaswamy deciding or trying to decide what stays and what goes in the federal
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government? >> well, it's illegal. you know, they haven't asked to meet with me, but the impoundment of funds that have been appropriated by the congress is unconstitutional and illegal. there is no such department of government efficiency. it's made up. so good luck to 'em. >> reporter: so musk and ramaswamy might have to figure out how to work around congress if congress won't work with them. we tried to get an idea of what their strategy is. how much do you think you can cut without congress' help? >> on our way into the meeting, but we're going to have, i think, a great discussion today. thank you very much. >> reporter: how do you convince people who don't want to cut spending to cut spending? [inaudible conversations] >> reporter: elon, do you want to see democrats here? >> reporter: there are some things musk and and ramaswamy can do on their own like corralling federal workers back to the office. they think if employees have to the actually show up in office
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to work, they'll leave on their own. a new report from senator joni ernst shows just how many federal workers are phoning it in from home. just 6% of federal employees work in person full time. the average occupancy of federal buildings just 12%. and elon musk pointed out if you don't count security guards and maintenance stuff, the real -- staff, the real number is closer to just 1%. stuart or? [laughter] stuart: outrageous, in my opinion. >> reporter: yeah. [laughter] stuart: hillary, thank you very much. member of the new house doge caucus dan meuser joins me now. zoe lofgren says doge is unconstitutional. she says you can't impound funds that congress has appropriated. is she right many. >> well, look, she's doing her -- stuart, she's fighting for the swamp, right? here the democrats before the election were fighting, against -- fighting against closing the border, now they're fighting against us bringing
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efficiencies to the government. look, our federal government, my fellow americans, we're becoming not a democracy, but a bureaucracy. and that's going to change. we have a plan. we have president trump in the white house. we have a very willing congress. and this is going to be a reckoning for limited government. stuart: well, you're on the doge house caucus. what's your top priority? >> well, look, the american people are seeing right now this outrageousness that 6% or is it 911% of federal -- 1% of federal employees are showing up for work. under the trump administration it was 97 percent prior to covid, and they never came back. there's almost 8,000 federal buildings left vacant, so that's going to be step one. if those people don't want to come back, the federal government is bloated. everybody knows that, the american people know that. that'll save $350 billion over a 10-year period right in. but there's contracting that -- right there. there's contracting that hasn't been reviewed.
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i was with vivek and elon yesterday for over an hour and a half, and there were so many ideas, it got to the point we were laughing, we were shaking our heads. we just couldn't believe what was being dug up, what was being wasted. and it's about time. doge could not have come soon enough, and we're all going to dig in. we're going to have great pro-growth economic policies, but we're also going to reduce the size and waste and fraud and abuse in our government. stuart: i'm all for it, but i have to get back to my original question. >> sure. stuart: can you impound funds that congress has appropriated? >> well, look, first of all, it's the an advisory committee, right? so they're going to point out to the secretaries in the president's cabinet and to the president, of course, what they recommend. congress is going to review it. if we need legislation are in order to get -- legislation in order to the get, the execute on those plans, we will do so. for instance, there's something known as the overpayment and reconciliation bill of 2010.
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i'm going to modernize that bill which will force agencies, require them when there's overpayments made, meaning waste, abuse and fraud, it needs to be reported, and it needs to be focused on to be recovered. that alone could be between $150-200 billion. like i said, this couldn't come any sooner. stuart you're talking real money here. congressman dan meuser, thank you, congressman. see you again soon. >> thanks, stuart. stuart: trump and rfq jr. -- rfk jr., they met with executives from eli lilly and pfizer. do we mow what came out of that meeting? lauren: i'm to going with a good rapport. you have ceo of pfizer, ceo of eli lilly meeting with trump, and in comes the secretary, or the nomination, for the department of health and human services, rf fk jr., who is anti-vax and pro-making americans eat healthy again.
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those viewpoints make him public enemy number one for the business of pfizer and ely eli lilly, so i would say this reported meeting is a perfect example of trump bringing people together. it's reported it was a good conversation. as i said,s it lasted three hours, and he's working to bring the private and public sector together. and i also -- they also were working towards the moonshot of curing cancer. so a lot came out of that meeting, and apparently, at the end, he played his playlist off his ipad. [laughter] stuart: why am i not surprised? check futures, please, we're sill looking at some green. the opening bell is next. ♪ she does it like this when you do it like that. ♪ well, she does it like this when you touch her like that. ♪ come on, shake, shake, shake, shake it ♪
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stuart: because, what is it, waymo had moved into miami. are you holding to that recommendation? 120 the? >> yeah, i am, stu. the news yesterday was negative for bulls on uber like myself, so maybe i got this wrong, but it's the one city. it's going to be a launch in 2026. look, i'm a huge fan of waymo. if you live in the san francisco area or phoenix or l.a., the cities where waymo's currently available, it's a wonderful service for those who can get access to to fit. our bet here is that there are going on, waymo and other autonomous vehicle providers, someday that's going to be the he's tesla -- tesla, but there are others out there too are probably going to be the part of uber's network. you're going to see black, comfort, xl and robo. and so if we're right on that and our future vision that robotaxis are going to be the part of the uber network, then we think uber's a positive derivative of the rollout of robotaxis.
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if that vision is right, then this is a great opportunity to buy the stock. with this kind of do dislocation, yes, i'll remain a buyer with of uber. $120's the price target, no change. stuart: all right. netflix, you've raised the price target to $950 a share. getting pretty chose to that. again, tell us why you like netflix so much. >> yes, it is. yeah, it's a small buy. look, there's a new sheriff in town when it comes to netflix, and it's called live events. more than 60 million households watched the tyson-paul fight, and you're going to have the nfl games on christmas day, chiefs-ravens, and squid games 2, it's coming the day after christmas, then worldwide wrestling, wwe raw starting in january, and i think the value proposition is widening. we see that in our survey work. we think churn is coming down. there's a streaming market out there, there's a winner in that streaming market, its name is netflix, and they're running away with leadership. it's a small buy for us. we don't see a ton of upside
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but, yeah, you want to be long netflix. if there was a big correction, a 10% correction, i'd e get more aggressive on it. it's a small buy, but you want to today long netflix. stuart southern i know you like amazon's pharmacy business, and you think that's good enough to get them to $260 a share. you've got 30 seconds, make your case. >> you can't hit home runs from here, but you've got to identify the singles, bake singlings. i think -- baseball singles. i think pharmacy is one. i think business supplies is another. we did a deep dive report on amazon pharmacy. i think it's an underappreciated new growth opportunity for amazon. stay long amazon. stuart: got it. you're out on a limb with uber, but we'll be following it. mark mahaney, see you soon. the bell is ringing, and they're going to press that button and this market, bingo, it is now open. we're off and running. right at the very, very beginning the dow opens with a 100-point gain, and if you look
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at the dow 30, there's more green than red. modest rally as we get going on a friday morning. the s&p 500, where's that in the first few seconds of business? it is the up .17%, fractional gain. and the nasdaq composite, pretty much the same story. well, a quarter percent higher, 48 points at 19,748. big tech, where are we? we have green, plenty of green. amazon, meta, microsoft up, apple, alphabet down. but i've really got to look at tesla. taylor's with me this morning. bank of america is bullish on tesla. the stock's up. why are they bullish? >> they would go -- they went to go visit the big factory in austin, and they walked away feeling so excited about tesla. they think this is a big confidence driver. they like the plan to return to to growth in 2025 both in evs and the robotaxi business. bank of america reiterates their buy, but they go up to $400 on the stock. stuart: up to 400?
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>> yes. stuart: how about that? musk would be worth $400 billion. [laughter] >> i guess so, you're right. stuart: roughly so. let's look at eli lilly. they're spending $3 billion on a plant in wisconsin. $3 billion? i guess that's for weight loss drugs? >> yeah, part of it. remember, about eight months ago they informed in a big plant in wisconsin. this is sort of an expansion of that. it's an 84,000-foot facility. it's a lot about producing injekyll,s like the very popular weight loss and obesity drugs and packaging them up. cheerily, thinking this is a bis a big market. stuart: show me lululemon, please. they reported after the bell yesterday. they must have done really, really well because they're up 13%. >> and kind of a sigh of relief for a company that's struggled in the past year, right? consumer habits have been really changing. look, this is all about international growth that is offsetting slowing growth here in the u.s. investors really happy with it.
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bank of -- i'm sorry, bmo, bank of montreal, they go up from 302 to 265. stuart: i don't see the point. it's at 2399 2 -- if -- 392 already. okay, ulta, again, must have been a good report. >> yes. so they beat on the top and bottom line. makeup has been tough. again as the consumer is so pinched, where are they spending, where are they pulling back. ulta has a great thing that they talked about where they have this exclusive makeup line that's tied to wicked, the new movie that came out. so that's drawing consumers in, right? if there's something tangible, something new and exciting, a few price target upgrades. up to a 420 the from a 385. if. stuart: mcdonald's, they're bringing back a fan favorite. is it something, one of those snack packs? >> yes, a snack pack. a snack crap wrap. i call it a snack pack, but it's
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a snack wrap. it's a tortilla with chicken, lettuce,. >> shredded cheese and sauce all wrapped up. it kind of looks like a mini burrito. discontinued back in 2016 because it's labor intensive, it takes a long time to make, but the ceo says it's all popular. all the a e-mails is about bringing back the snack wrap. it's coming back in 2025. stuart: only a few weeks away, what am i thinking? if docusign, they had an earnings beat, they had a price upgrade on the target, and they're up 17%. docusign. >> yeah. so good earnings beat and then, again, good guidance going forward. citigroup goes up to 113 per share versus an $877 a share they had previously -- 87. some analysts, this sort of seems like a company firing on all cylinders. one company said it's all about the intelligent agreement management platform. another company said it's all about billings growth.
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every analyst was able to look at company and find something they really liked. stuart: okay. peloton. they've got a new app. can you tell me anything about this app on peloton? >> the strength plus app. it's all about strength training, right? you get instructor-led videos -- it's not just doing dumbbells and the bicep curls. it's a full-fledged strength the training thing, it's only a dollar, we're hearing. i don't know, are you interested? would you do some strength training versus the traditional cardio that they offer? is. stuart: no. moving on -- [laughter] miss all that stuff. petco, the pet retailer, how did they do? they must have done well. >> yeah. again, good beat on both the top and the bottom lines, right in really interesting comments from the ceo. he really wants to simplify the can customer experience. the customer is pulling back and trying to figure out ways to save, so when the cheap stuff nice off the shelves, he wants to make sure they restock immediately. just simplify for the customer that really right now is just
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looking for a deal. stuart: on my prompter i see the words roaring kitty. [laughter] that brings back awful memories of the meme stock frenzy. tell me what's going on. >> okay. so roaring kitty is keith gill, right? he goes quiet, and then he comes back and returns to social media. he returned to social media which is why the meme stocks go wild again. he posted on x a 2006-like time magazine cover with a blank computer screen. i have nothing more to say than that except that people think this is sort of his big return to social media, and so they're looking at the trading of call options on meme stocks. stuart: i simply don't understand that stuff. >> stick with the snack wraps. stuart: taylor are, thank you very much, indeed. have a great weekend. check that big board, we're up 87 points. 44,8511. dow winners on your screen, topping the list is salesforce, back with up again. home depot, nike, caterpillar,
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american express. s&p 500, winners, there they are, lululemon, now up 16%. ulta beauty, 11%. hewlett-packard enterprise, dollar general, weyerhaeuser. and the nasdaq winners, lululemon, mongo db, datadog and siriusxm radio. some nice gains today the. coming up, msnbc's joy reid makes a disturbing link between denying sex change procedures for young children and and hitler's germany? you've got to watch. >> targeting trans if people isn't new. it is an age-old tradition which nazi germany did with brutally viability ends in the 1930s. violent ends. stuart: okay. seriously? how did we get here? i'll ask karol markowitz. syrian rebels celebrate in the streets after taking control of9 another key city. these rebels are moving fast, they're moving towards damascus. what happened if the assad
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regime falls? general jack keane is here to break it all down for us. ♪ muck finish if. ♪ ♪ [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. since 2019, john deere has invested more than $2 billion in our american factories.
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stuart: we are 11, 12 minutes in, i see some green. dow's up close to the 100 points and the nasdaq is up 70. the yield on the 10-year treasury has been coming down, it's down again this morning, 4.14% right now. is syrian rebels are wick quickly closing in on the capital of damascus. retired four-star general jack keane joins me now. if the assad regime falls, and it's looking pretty shaky, would that be good news for israelsome. >> yeah, overall, it would. but there's likely going to be mixed feelings here. first of all, syria's a client of iran. it was into the damascus airport
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that iran would fly all the rockets and munitions that hezbollah and lebanon needed. israel would at times attack those munitions when they were put into warehouses or trucks with their fight per aircraft at times -- fighter aircraft. also coming out of iraq from iran, they would drive literally across the entire syrian country with munitions, rockets and missiles also on the ground to get them to the hezbollah. and that's why the hezbollah accumulated 130-150,000 weapons. and at times the syrians tried to establish hezbollah bases north of israel, and israel would attack them with fighter aircraft. so if the as assad regime falls, which itself is a stunning surprise, but if it does happen, that client state, you know, supporting iran is removed. however, this is a derivative of al-qaeda that's taking over, radical islamists. they are not moderate opposition
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forces who want democracy. quite the opposite. and it remains to be seen what kind of mischief they would cause with israel being right on hair border -- their border. the israelis will watch this like a hawk. stuart: i can't help but think of all the a money that has been wasted in recent years, money for rockets and tunnels and all that, drones and what have you. constant fighting, constant warfare throughout the mideast. all that money's wasted. could have been used for something good. >> there's no doubt about it. if you go back to 1948, you know, after the u.n. helped establish the state of israel and bring it all forward, the amount of money and suffering through many, many decades is truly horrific. all over one central issue, the existence of the state of israel. stuart: that's it. on wednesday ukraine's ambassador met with j.d. vance and trump's national security
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adviser pick, mike waltz. trump has promised to end the war quickly. do you sense we're close to a peace deal in ukraine? >> no, i think we're in the very early stages of it. the ambassador met can and also chief of staff to president zelenskyy was there who is the second most powerful person many ukraine and really does a lot of policy formulation for if president zelenskyy to make decisions about. it was an important meeting for them to meet with the trump team. and i spoke to them yesterday, i happened to be in the ukrainian embassy, and the feedback that they provided to me from the meeting they had9 with the trump team led by j.d. vance was very positive. they were encouraged they were being treated as an ally, a partner and certainly being asked how the trump team can help them. they wanted to know at lot about putin, where is he, where because the he stand and what do
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you think the strategy strack is with putin -- the strategy is with putin. and the facts are pretty clear when it comes to putin. he looks at a peace agreement accompanied with a ceasefire as a temporary pause for him to eventually take ukraine and own that country. in that's the way he will look at it. that's the way he's looked at it also in the past, violated all cease first, always taken advantage on the ground of ceasefires whether they were in ukraine from 2014 on or ceasefires dealing with syria. constant violation of them. that's his approach. he never changes husband objectives -- his objectives. he looks at a peace agreement as just a pause that allows him to regroup, rearm and eventually reattack. stuart: that sounds grim. we just got this, general. the financial times reports that the president of israel spoke to elon musk this week. he wants musk's help to revive hostage negotiations. what has musk got to do with the
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hostages? >> probably not much, but this came from the families of the hostages and discussions with president herzog who's taken a keen interest in the families themselves and spends time with them. i think it, you know, it's an act of desperation i'm sure on their markets trying to pull out all the stops. they know he's close to trump. but, look, on x, i mean, the following he has is somewhere around, if the numbers are correct, i mean, what i saw was somewhere around 60-80 million followers on a daily basis. so the social media reach that he has is enormous. and that may be one of the poet vegases. motivations. look, this is a very tough situation for these families. hostages in a dire situation, you know, where their own health is clearly at risk and due to the hostilities that are taking place, we've already seen how they've gotten caught up in that
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and have been can killed in those hostilities. so you can imagine how they feel. they're a looking for anything to then -- to help them. that's what's going on here. stuart: wouldn't we all? if general jack keane, always a pleasure. see you again soon. thank you, general. >> yeah. thank you very much. stuart: my opinion? biden is, take us down a sinkhole with the idea of preemptive pardons. he reportedly wants to forgive any and all sins now so trump can't hold anyone accountable in the future. this idea will have consequences, and that's going to be the subject of my take top of the hour. realtor.com released their housing forecast for next year. they expect low sales and high prices. that sounds grim, doesn't it? real estate guy mitch roschelle takes us through it. mitch is next if. ♪ she's a brick house. ♪ she's mighty, mighty, just letting it all hang out. ♪ she's a brick house ♪
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hi, my name is damian clark. if you have both medicare and medicaid, i have some really encouraging news that you'll definitely want to hear. depending on the plans available in your area, you may be eligible to get extra benefits with a humana medicare advantage dual-eligible special needs plan. most plans include the humana
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healthy options allowance. a monthly allowance to help pay for eligible groceries, utilities, rent, and over-the-counter items. the healthy options allowance is loaded onto a prepaid card each month. and whatever you don't spend, carries over from each month. plus, your doctor, hospital and pharmacy may already be part of our large humana networks. so, call the number on your screen now, and ask about a humana medicare advantage dual-eligible special needs plan. and remember, annual enrollment ends on december 7th. humana. a more human way to healthcare. stuart: realtor.com predicts low sales but rising prices for home buyers in 2025. housing guy mitch roschelle joins me now. mitch, that doesn't sound good
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to me. how about you? >> well,st bad for realtors because they're not going to sell a lot of homes, and it's potentially bad for buyers because prices are going to to go up. good for sellers, but that is -- i completely agree with their forecast for 2025 the unless we forget out some fiscal policy to create incentives for people to build more homes. we're not going to see more homes hitting the market in a meaningful way. stuart: is and you can't just snap your fingers and build more homes just like that, can you? it takes a long time to get those to the market. >> yeah. i mean, one of the companies we have, we can create new homes which we do for rent in about a year, but the biggest challenge is all these local regulations which just slow down the process, just pulling a permit can take six months sometimes. so that is certainly one of the challenges. stuart: and then we have billionaire mark cuban, he says home insurance in areas hit by
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repetitive disasters is going to be the number one housing affordability issue in the next four years. he says florida in particular will have, his words, huge problems. is that exactly what you seeing, mitch? -- you're seeing, mitch? >> yeah, it's certainly an issue, but i think mark cuban's comments directed at florida and potentially directed at governor desantis are political in nature because, guess what? texas has the exact same problems, and he lives in dallas. so, yes, i think it's a national problem. we've talked about it in the past, and we need to figure out a way to deal with it. we're seeing, stuart, more and more people choosing to to rent versus buy just for the reason that you don't carry that burden of expensive homeowners' insurance when you're a tenant. you shift it back to the landlord. stuart: i remember you said your solution to that problem or partial solution is to raise your deductible. was that it? >> yeah, that's my solution. but, you know, that's not certainly for everybody.
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that means you're willing to take up to to $50,000 worth of risk if something happens to your house. for somebody that has a $400,000 house, they can't take that kind of risk. so i don't think it's a one-size-fits-all solution. it's my personal solution, but i think what we're seeing is people are kind of voting with their feet and opting to rent versus buy when high homeowners' insurance is hart -- part of the calculus whether or not they rent versus buy. stuart: what a mess. we bring you on, you're a real estate expert, you know what you're talking about, and every week the news seems grim, you know? it's just not an active market. realtors are not having a good time at the moment, are they? >> no. and the thing that really disturbs me the most about it, and i hate a being the bearer of bad news but, you know, speaking the truth is speaking the truth. we're talking at the end of the day, stuart, about the american dream. and i think the american dream is owning a home. and when it's bleak prospects of
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owning a home, i think that trickles down to a lot of the economy. so i think it's something that this incoming administration needs to really, truly focus on. stuart: let's hope they do. mitch roschelle, have a good weekend no matter where you are. see you again soon. >> you bet. same to you, stuart. stuart: look at the markets. now the dow is up 58, but the nasdaq, very solid gain right there, you're up 139 points. not bad. the nasdaq, by the way, that is a new all-time high. look at that, closing in on 20,000 on the nasdaq. have a look at the s&p winners headed by lululemon, now up 17%. ulta brew -- beauty's up 12%. hewlett-packard, dollar general, all higher. nasdaq winners, the top performer there is lululemon. moderna, sirius, mongo db and dollar tree. we have a big friday show coming up for you. we'll a hear from jason jason chaffetz on the "morning joe" crew calling doge an unrealist
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willic -- unrealistic scam. karol markowitz. steve hilton looks at trump's upcoming trip to france. he seems to be taking more and more presidential power. we will be back with more. what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like ai. and how the industries born to support ai might better support us all. .. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ 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,
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