stuart: one of my favorite christmas songs, bing crosby,

good king wenceslaus left at the -- i like this one. sixth avenue, a little cloudy. a nice gain for the nasdaq, up half 1%. down 0. 2%. on balance the 10 year treasury yield is going up 4. 22%, the price of oil $68 a barrel. bitcoin 96, now it is 97-eight. that's the market. now this. if you live in new york and any city where the radical district attorney you worry about your personal safety. the da, alvin bragg, put an upstanding solid citizen through hell, daniel penny,

defended subway passengers from a deranged man, alvin bragg charged him with manslaughter. everyone is relieved at the unanimous not guilty verdict. people are relieved because we see deranged people roaming the streets and worry about our safety and wonder what would happen to us if we helped someone out if we end up charged with a crime, we might all need a daniel penny someday. alvin bragg does the opposite of what he is supposed to do. he's not protecting citizens, he's releasing violent criminals and trying to jail good samaritans. race is playing a significant role in this. penny is white, nearly black. there is widespread belief no charges would be brought if penny were black and nearly were whiter. not good to see black lives matter outside the courthouse calling for black vigilantes to target oppressors and not good

to see a civil suit seeking money from penny. it all goes back to alvin bragg. he has failed the citizens of new york who live in fear of the crazed people he let out of prison, in fear of what they will do to us and what will happen to us if we intervene. san francisco got rid of their radical da and los angeles dismiss george gascon. if new york wants to make a comeback the first step is to get alvin bragg out and have him take his dangerous woke policies with him. second hour of varney just getting started. deroy murdoch is with us this morning. black lives matter outside the courthouse threatening violence, that's not good for new york. >> there was nothing mister penny set on the subway, you

are black or any racial slurs. if this had been a black person being choked you wouldn't have heard about it. a -- he would probably be hero, so it is racialized and ugly and we are talking black vigilantism. i'm glad he did what he did. too bad the man died, but he said someone will die today unfriending people who were terrified. he is mentally ill, somebody stepped up and could have gone the other way. stuart: how does you end up with the da like alvin bragg? >> pick him up on a bus. and on fox and friends, brings a law and order approach, and another radical da in los angeles.

the crime and the chaos, hopefully put him in. stuart: pete hegseth slammed the media for turning his defense secretary nomination into a trial by public opinion. >> so grateful donald trump had the faith in me to lead the defense department and choose me to do this but the advise and consent process with the senate armed services committee, they have great questions. my answers are for them. the left is trying to turn this into a trial in the media, show trial and we are not going to let that happen. i will walk in the door of every one of these senators, willing to answer their questions, they deserve answers. we look forward to earning these votes. stuart: i like your op-ed, all we are saying is give pete a chance, nice play on the beatles song. looks like he's going to get

in. >> i think he will and one reason the charges are falling apart as they are based on anonymous sources. nbc news ran a story with ten people allegedly former and current fox news staffers saying he's drunk, uses alcohol etc. . i talked to 15 people who have worked with him by name, no alcohol on his breath, very professional, knows what he's doing. the piece you mentioned, i talked to people who worked with him, concerned voters for america, by name, named sources, they know him, they like him, they work with him, the louisiana state director, never saw pete hegseth flirt with female staffers so the anonymous sources throwing charges around who know him say he is a decent man who deserves a chance to be the next secretary of defense. listen to named sources, not anonymous sources. stuart: i think he is in.

trump will like the way he is fighting for his position. back to the markets, red ink for the dow industrials, again for the nasdaq up 0.6%. scott schilladdy, producer prices the day after. 's inflation solidly trending down? >> cpi and ppi, expecting the readings to be slightly higher than they were last month. we have seen, more jobs created than we thought we would get, hourly earnings higher than we thought they would get. may be running a little higher than normal. still predict 80% chance of a cut at the next meeting on december 18th. if we get hotter than expected

reading when it comes to cpi will it jump further? the asylum putting pressure on jay powell to cut rates even when the data is going the opposite direction. inflation is sticky and in the short term a lot of things trump wants to do is progrowth, that could be inflationary, they are a little worried about history and things get through in a year's time but there's going to be an issue with inflation staying stronger longer and the fed wanting to cut rates. stuart: if we get a harder than expected inflation number, does the market selloff? >> it will go sideways. so much cash on the sidelines, so much going on with artificial intelligence, transformative new economy from these companies. they backed off a little bit.

we will have with china and nvidia when it comes to tiktok and things like that, so many great things about to be unleashed because we've gotten the piano off our back, the market goes sideways and the market goes up. stuart: scott schilladdy, we wait with baited breath and we will see you soon. let's start with toll brothers. >> down 5.5%, sales rose 10%, the problem is margins are lower, that is squeezing the stock. stuart: jeffries downgraded them to decelerating advertising revenue combined with increasing costs to market, stock is down 4%. %. stuart: everything on alaska air? it is up 14%? >> they raised the holiday quarter profit forecasts,

expect benefit from acquiring hawaiian airlines. they are having more flights to asia and europe. stuart: i was laughing because does anyone take air alaska to alaska for vacation? it is huge. would you do that in winter? it is dark all day long. google just unveiled this mind-boggling new quantum computer chip. what makes it mind-boggling? liz: it can fit in your pocket but it can help a computer run so fast that it can perform calculations in five minutes. it would take a supercomputer ten step trillion years, a 10 with 24-0s after it. think of the difference like this. on normal computer is a light switch. you turn it on and off, two modes.

come quantum computers like a dimmer with many settings in between the on and the off so we can do multiple calculations at the same time. that makes it so powerful and experts hope quantum computing can eventually do think humanity can only dream of, cracking the genetic code for cancer, encryption, weather prediction, battery technology. google because it mind-boggling. elon musk responded to the ceo of google saying wow. and invited a business partnership, we should go quantum cluster in space with starship one day. this exchange went viral and the tech world is going crazy. google is not the one investing in quantum computing, microsoft and intel are building solar technology, worldwide investments, $42 billion in quantum computing last year. it is so geewhiz, it requires money and energy. expert say don't worry, this

regular computer will be here to stay for quite some time but look what you are looking at on screen, quantum computing stocks of 15%, 5% surging because this is another advancement they can catch up. stuart: now we have quantum computing. >> some people speculate it could break the encryption code for bitcoin. stuart: as long as america runs the show. that's all i am worried about. stuart: you had a good explanation. adam schiff undermined the first trump term with the russia hoax. he says a preemptive pardon is unnecessary. we put that to house judiciary chair jim jordan. inauguration day is six weeks away and you see trump all over the media and the world stage is what is biden doing with his dwindling days in power?

we will get into that. liz truss resigned after 44 days in office. a new in the documentary is telling her story and offering a warning about the dangers of the deep state both over there and over here. liz truss is next. ♪ ♪ at harbor freight, we design and test our own tools. and sell them directly to you.

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stuart: the nasdaq is holding onto solid gain up 137 points, it hit new all-time highs earlier this morning, 19,870. we are 40 days from the

inauguration and donald trump has seized the spotlight acting like he is the one in the white house. richardson is in west palm beach, florida. what is biden doing with his dwindling time in office? >> reporter: this afternoon he is giving a speech on the economy, a think tank is hosting in dc but world leaders are turning to the trip notice trump administration, the president-elect met in paris with the presidents of france and ukraine, he invited canada's try minister tamara lago had begun diplomacy with mexico and told russia to agree to a cease-fire and negotiations with ukraine. he has flooded the senate with nominees of varying degrees of support with narrow house majority next year. republicans say they will push an agenda the majority of americans would support. >> the fact is we will need unanimity in the house, we need a republican caucus stay together but we have seen a

number of democrats say we are going to support this agenda because these are the priorities. >> reporter: with significant focus on life after the biden administration the president gave brief remarks on syria, largely avoiding questions from the press, two weeks abroad since the election. biden spoke seven words to reporters traveling with him according to politico. some democrats want their party to put up more resistance to trump nominees they consider unqualified. j in lee said to the wall street journal we should be less hobbled and more spurred, we should be pushing against these nominees who are nothing but a disaster in the making. they lead the nominees for leadership posts, pentagon, fbi, director of national intelligence. stuart: take a look at this.

a new wall street journal opinion documentary out today explores liz truss's short-lived tenure as prime minister in britain. >> i look across the atlantic had the united states which i could see policies that were working such as tax cuts, deregulation, fracking. >> this establishment is dogged by some american politicians, the administrative state or the swamp. in britain, they call it the blob. >> why doesn't just the government, groupthink shared by senior media executives, senior corporate executives, civil servants. >> reporter: liz truss joins me from london. tell me how the british deep state did you win? >> what i wanted to do was put

in place policies for the british economy, tax cuts, fracking, deregulation. what happened was the economic establishment, the treasury didn't like these policies. this is explained in the documentary, the day before we made the announcement they announced the sale of 40 billion pounds of government bonds and also failed to properly regulate the pensions industry. when there was a fallout from that, they admitted two thirds of the market pool out in 2,022 was down to them. they pointed the finger, these people were and the stackable due to the fact the administrative state, in the british media, their actions were defended and my actions

were criticized. what this documentary is about is about the deep state or the blob as we call it in britain and how hard, policies and politician they are trying to put in place. stuart: i bet you wish you had elon musk on your side. they will take a meat cleaver to the bureaucracy. you would love to have the same over there. >> i would take all of them, i would take musk, vivek, the entire trump nominees, donald trump himself. the reason donald trump is able to do this, he knows what the deep state is like. he has been in office, they sabotage much of what he was trying to do in 2016. he understands that you have to have people, a team, a movement like maga and the media that is

going to tell the truth about what is happening and unfortunately in britain in 2022 we have none of that. stuart: donald trump made his return to the world stage in paris last week and, attended the reopening of notre dame cathedral. we hear the europeans are not keen on donald trump but what about the british? how do they see trump? >> there was an opinion poll that showed donald trump was more popular than our prime minister and what everybody in europe is looking for his leadership. there's been an absence of leadership on the world stage. we've seen iran on the verge of getting a nuclear weapon, we've seen china saber rattling over taiwan. people in europe are relieved there is somebody in the white house showing strength and

leadership of the free world again. stuart: the documentary was produced by the wall street journal. >> this shows a problem we have with the british media, they are so beholden to the establishment. we are only going to get a trump style revolution in britain when we have media capable of producing those kinds of films, capable of holding the unelected bureaucracy to account. stuart: thank you for being with us, always appreciate it. thanks a lot. the cdc just issued a warning about a new drug that's deadlier than fentanyl. good morning. what drugs are we talking about? ashley: we are talking carfentanyl. and altered version of the regular fentanyl. deaths from carfentanyl have

risen 700% but authorities say the numbers are likely higher as not all overdose deaths have been reported. doctors say small amounts, and like other opioids carfentanyl is easy to manufacture. 10,000 more times more potent than morphine. they are hard to detect as they are often mixed with other drugs which can lead to accidental overdoses. the cdc says 107,000 people died from a drug overdose, this is just the latest threat. stuart: one drone company teaming up with trump officials to create a digital border fence. it uses ai to monitor remote areas around-the-clock. a house judiciary report says the federal government weapon eyes banks to spy on people

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stuart: all of these stocks widely held and all of them are up today. look at alphabets, they have this quantum computer chip from google and the stock is at 5%. nvidia, amazon, microsoft, apple, all of them on the upside. start with c-3 ai. lauren: they make software applications, they did report a loss that was narrower, stronger revenue dealing with microsoft, stock is down because the ceo plans to sell stock. piper sandler cut the company's rating to neutral, they have less confidence in their ability to grow their revenue at the 10% goal, stock is down 3%. stuart: autozone. lauren: earnings disappointed, our car parts seller, the ceo is optimistic about same-store sales in the us, us margins came in strong.

3,370 one dollars, that is a new high. stuart: they don't believe in splits. the house financial services committee is going to start looking at claims of the banking. dozens of crypto executors have fallen victim to this. grady trimble joins us. what exactly does the banking mean? >> reporter: banks refused to work with certain clients or businesses particularly those that might be seen as risky. those in tech and crypto currency claim they are being blocked from the banking system. a congressman vying for the top spot and house financial services committee says the committee will investigate these claims. it comes after venture capital's mark and recent told joe rogan that 30 tech vendors have been the bank during the biden administration, two crypto comp -- companies tell

fox business it is happening to them. coin base has documents that show the fdic's directing it. >> the fdic's or anyone else to take such extraordinary steps not at the direction of congress by law or even in an explicit formal policy, is un-american. >> we became as a whole, public enemy number one, there was a desire to cut us off through a bunch of angles. >> reporter: the fdic's claims it is not telling banks what they can or can't do as it relates to this topic, the fdic other agencies continues to emphasize that banking organizations are neither prohibited nor discouraged from providing banking services to customers of any class tight. a little confusing and needless to say those in the crypto

space and even big banks like jpmorgan tell us they are looking to the incoming administration to clear up the legal ambiguity around crypto and that is what donald trump says he's going to do. stuart: a house judiciary report reveals the biden administration to spy on people without a warrant to. house judiciary chair jim jordan joins me now. was the fbi targeting specific groups of people like who? >> we know they were doing, the government doing this to some americans and spying on others and we know this because the whistleblower came to us and said after january 6th, 2020, one the fbi sends an e-mail to bank of america saying show us the debit card, credit card purchases of your customers in the washington dc metro area on january fifth, sixth, and seventh an overlay that with anyone who may have purchased a firearm or ammunition at any

time. without a warrant. we know this is happening at scale. banks are required if they see something suspicious to file a report with the treasury department but the fbi is soliciting the information. the fbi saying give us information on customers, it goes in this database we found out in 2,023, 14,000 government officials searched the database without a warrant and did so 3 million times. on the one hand you have them do banking people and spying on americans all done without a warrant and that is not how our country is supposed to operate. stuart: the incoming trump administration is going to deal with that, do something about it presumably. what are they going to do? >> we in congress need to do something, the legislation that has this specific is activity requirement we need to redo

that. it is misnamed the bank secrecy act. it has been turn to anything but that, the act used to spy on americans, we may need to look at legislation with whoever is going to be the next chairman, we have a number of people, frank lucas, however is the next chairman, working with them in the financial services with the work we are doing and judiciary to protect americans privacy. stuart: adam schiff was sworn in as california's newest senator. he says he opposes a preemptive pardon from president biden, he says that is unnecessary. i thought you might have a smile on your face when i was reading that report. tell us what you think. >> i don't agree with him on much of anything but i don't think there should be partners like this. it was bad enough the pardon president biden did for his son, a pardon for a 10 year, 11

month time period for potential crimes, that is something we've never seen before, doesn't make sense to do this preemptive pardon but it is interesting the democrats are talking about this when they went after my colleagues who supposedly asked for a pardon from four years ago when donald trump was in office and now that they are the ones talking about it, who knows but i don't think it is necessary either, just a wrong thing for him to do. stuart: i wonder if adam schiff needs one. do you think president biden will pardon his family? >> i always thought he would pardon his son, likely that he pardons his brother during our impeachment inquiry investigation we saw how this family, the brand they were selling the brand, the family brand, this influence peddling operation. i assume his brother gets pardoned at some point as well. we have to wait and see. stuart: congressman jim jordan, always a pleasure.

the cohost of the overview get into a real fight whether or not to panic about a second trump term. >> he does this to keep you all in a panic. >> if you are an illegal immigrant in this country -- stuart: more where that came from. brian kilmeade all over it, lawmakers demanding to know why the postal service loses billions every year, the postmaster general getting real on capitol hill, we bring you the highlights next. ♪

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after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. stuart: our next guest owns two pet products, in michigan.

it specializes in all, with shoe max pet products. >> you have all natural products. >> we don't have anything. single ingredients, treats for their dog. both cats and dogs. >> we do catnap, >> why all natural. >> there healthy for the pets, part of the family and no

preservatives, it is part of the family so i understand the importance, to treat threats. stuart: and i notice business seems to be really good at what is opening up in town. >> it's a busy time of year. summer months, look forward to the holidays. >> how do you get in touch with them. >> we get online marketing, facebook, chewy, amazon, online public square, we are still

learning to navigate that. stuart: you are talking to an old guy. the very best of luck to you. thank you so much. stuart: right now in bc, the postmaster general testified before congress lawmakers went and his. why are you losing billions of dollars every year? jeff flock is with me. how much money are we talking about? >> $10 billion, 31,000 post offices in the us, big ones and little ones, looks like it is out of mayberry. half of them don't make enough money to justify being open but when you talk about closing when you open a hornets nest so

i take you to capitol hill where the postmaster general is talking about reform and cutting back delivery times. that is not popular when you try to implement. jim comber is chairman of the house oversight committee and he supports the reform but it will mean cutting people. >> this isn't going to work, that is what the theme of this last election and the new administration will become how to make government more efficient. >> reporter: about 10 billion last year, 100 billion since 2007 and the cost of a stamp right now has gone up and percentagewise it is a lot but doesn't seem like much to me. there you go.

the postal service, a lot of competition out there these days. not in my backyard. stuart: nor me actually. i actually writes and sends letters if not christmas cards. >> reporter: we should correspond. stuart: i will send you a little note. back to the markets. green for the dow industrials, the nasdaq nicely done, up 103. check out costco, oppenheimer raised the price target to one thousand $75. their original target was 980. costco reports on thursday after the bell the stock is up a fraction this morning. still had, iran suffers blow of historic proportions with bashar al-assad's fall, so says the wall street journal and they are right. they have to deal with donald trump and mike take at the top of the hour. members of black lives matter

calling for action after daniel penny is acquitted in the chokehold case. >> we need some black vigilantes. >> wonderful white people [bleep] america. stuart: brian kilmeade will take that on. brian is next. confident. measured. ready. the markets, like life, will turn and challenge us. but when emotions run high, we stay grounded. with the hcm buyline, we work to empower investors, in navigating market volatility and complex conditions. we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation. so you can invest with confidence. visit howard c.m. funds dot com.

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stuart: our solid day protect stocks, the dow in the s&p in the green as well. check out big tech. most of them should be higher. go to bitcoin, $96,200 is the value on bid coin. big tech is doing well today rally and big tech across-the-board the last couple weeks. big tech is doing okay. there you go, only apple is on the downside, $0.46. 10:51. brian kilmeade, i want you to listen to black lives matter and what they were saying outside the courthouse yesterday calling for violence.

>> just like everybody else has vigilantes, we need some black vigilantes. people want to jump up and choke us and kill us for being loud, how about we do the same when they attempt to oppress us. >> these wonderful white people celebrate their christmas while the neely family is asking god for comfort. [bleep] stuart: you heard it. what's your reaction? brian: i don't believe they mean what they are saying, race has nothing to do with this, trying to tap into george floyd from four years ago. america understands, why would anyone have black lives matter in their business card or their title? they are disgraced organization. if you want to scare black lives matter show up with an accountant because sony corporations gave them billions of dollars.

it is all gone and no one is running the place. he shows up to a trial with nothing to do with race except if your name is alvin bragg and let yourself be pressured into it and do something you can't sincerely believe when this is a guy standing up to a deranged individual who is schizophrenic, has been arrested 70 times and not detained and he stood up and did the right thing but everybody watching knows it, even hock newsom who got camara time doesn't believe a word he assange, alan dershowitz says i got to get myself some security, got to worry about it. he said look over your shoulder and right in the courtroom he heard threats to him in the courtroom, so he can't stand up for himself to get some security but it is unbelievable. i believe the american people are fed up and this is the beginning of the end of the work das.

stuart: the beginning of the end of awoke das, gone in san francisco, gone in los angeles, a matter of time before they are gone in new york city as well. the hosts of the view fighting again this time over whether they should panic about donald trump. watch. >> whatever he's going to do he is going to do but take our word for it, things seem to move slowly. >> i disagree with you when you say that because we have the luxury of saying that because we are legal, we are successful. if you are an illegal immigrant in this country -- >> you tell people to stay fraught and like this. >> to prepare. stuart: a genuine fight right there. even will be is shutting down the fear mongering. >> because 53% of the country

want mass deportation, 97% want the criminals sent out starting with the gang members. by the time they get to people who are here that have snuck in here or had a child here and have to decide if they are going to go back and leave the kid here before we get that it is going to be a couple years and a few billion dollars so she is saying panic. everyone else saying no we can't and the reason president biden gets another four years or kamala harris didn't beat donald trump, one of the main reasons is they voluntarily opened up the border and denied it was a problem and i think people realizing not only when you fear mongering are not winning the hispanic vote, sending more to the republicans, maybe whoopie looked at the bar graph or pie chart before the show and said not only are we getting ratings but not persuading anybody to our cause. stuart: times are changing, good to see you soon.

programming note, check out fox nation's hit series martin scorsese presents the saints, you can watch all four episodes on foxnation.com. here's the latest episode. >> would like to go with them. always by your side. everywhere. >> i would like to take the place of this man. stuart: still ahead, jimmy faila, kamala harris was a stranger to people when she started her campaign. alvin bragg called to resign in shame. the wall street journal's alicia finley, why progressives

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and i'm gonna cashback on a few other things too... starting with the sound system! curry from deep. that's caaaaaaaaash. i prefer the old intro! this is much better! i don't think so! steph, one more thing... the team owner gets five minutes a game. alright, let's go then. ahaha! cash brothers! yeah! cashback like a pro with chase freedom unlimited. how do you cashback? chase, make more of what's yours. (♪) >> there's a pressure to try and get the president, who he wants, in the jobs as soon as possible. >> this case they have a huge blockbuster and stock went up a lot but management isn't paying the shareholder withs cash fro