>> those eggs have not done down in price. that milk has not gone down in price. and until there's some stabilization of that, you can't claim the miz is good >> feels comfortable we have it mostly under control, not 100% and they can cut the rates and get back for more normalized level. >> netanyahu was focused on objective and not the commander and not going to let anyone stop him and military defending iraq and he left trump's tariffs in place f. they were so

catastrophic for the american consumer, why has he done ab slightly nothing about them. >> hope we get to january 20th and look at joe biden is it's very scary. i mean, he's not in charge. stuart: get ready, the tempations. i thought we were playing christmas music. apparently not. oh, get ready for christmas maybe? that's stretching the point. 11:00 eastern time. wednesday, december 11 today. check the markets. dow still down just a little and nasdaq still with a strong gain up 1.2%. big tech doing pretty well across the board today. they're all higher and alphabet, amazon, microsoft, apple, nvidia all of them up. the yield on the 10-year treasury is up a little. you're back to 4.25%. now this, israel has

systematically destroyed all of syria's military and rebels driven out the tyrant assad and his palace ransacked and prisons opened and full horrors of the regime being revealed and before we describe how bad it was, let's ask this question: where are all those progressives who urged israel to be restrained? hamas supporteers and the united states congress denounce what they call genocide. they demanded an end to support for oppressors and because she needed to win the muslim vote in michigan, kamala harris joined the ceasefire correspondent rhus. well, we're getting a firsthand look at real oppress sores and people like assad, syria's prisons held torture chambers teem underground and thousands of people disappeared simply because they were suspected of opposition for assad and men, women, children massacred using gas, obama said that crossed a red line and assad did it again and obama did nothing. assad brought in the russians to oppress his opponents and

devastated cities like aleppo using crude barrel bonds, remember that? if israel listened to the progressives, hezbollah would be thriving. hamas would still be a force and iran still fomenting terror and assad still in the palace. after all, if anything bad happens anywhere to the progressives, it's always america's fault. how wrong with you be? third hour of varney starts now. stuart: earlier in the show today, i asked general jack keane what israel's destruction of syria's weapons means for the region. roll that tape. >> this is how critical syria is for them. they can't dominate and control the middle east without syria. they lost major strategic platform and they're on the

heels and time to take advantage and neutralize iran once and for all. stop providing support to the proxies, tell them to shut down and if they don't do it, then take action against them. stuart: yes, sir. victoria coats joins me now, she's a security expert. how big of the blows are israel's attacks on syria to iran and russia. big losers, i think. >> they are and good to be with you, stuart. not surprisingly general keen is correct and breaking that land bridge iran established through lebanon and syria back to iran is a huge step. i think it is also critical to have hezbollah and hamas on their back foot, but one thing we need to remember is that we still have the largest of the iranian proxies, pmf in iraq and houthi and yemen attacking ships in the red sea. this is definitely a good step, but we're not there yet. stuart: where would we be if israel listened to the progressives?

>> i shutter to think. it's been hard to watch over the last four years, the policies of this administration, and i think in your take you really hit on a critical word, which is oppressor. this is where the story intersects oddly with the mola managers and view and that's what they were being together. that's how they justify terrorism like on the streets of new york and certainly what we saw on october 7 in israel. it's an interesting, i think, confluence of those two stories. stuart: switching to ukraine, biden administration has given $20 billion loan to ukraine. that loan was funded by seized russian assets. what does that do for the war effort? does it prolong l war?

does it bring a ceasefire more likely if you balance out both sides? >> i mean, it's hard for me to see. the administration has said publicly they're going to shove as much money out the door as they peal can between now and january 20th. if you remember in the most recent emergency supplemental that went through congress, there was $64 billion in there for ukraine. al bet not properly -- albeit not properly budgeted and supposed to land till end of fy25, the end of september of this year. secretary blinken came out saying we're going to try and get it all out the door and ask for 24 more billion in the continuing resolution they're working on now. this is just crazy at this point. they're just throwing money against the wall and for the ukrainians, flooding that country with un-supervised money is hardly a path to success. yes, i think president trump would agree. you want ukraine in its strongest position as possible and that was behind his messages to russia regarding the syria

situation and he wants to get to a rose lesion of the war. resolution of the war. stuart: he's got the prestige and power. is he going to do that and get that war fixed in >> i certainly think he has the best chance of anyone and i think those pictures from paris over the weekend as he was welcomed as head of state when he isn't quite yet and europeans going for the continental europeans and hungry for strong american leadership. stuart: getting it? that's a question. >> we're helpful. stuart: thank you for joining us this morning. >> always, stuart. stuart: secretary -- secretary of state antony blinken giving long awaited testimony on botched afghan exit. just as he began his opening remarks, he was interrupted bay gaza protester who called blinken a war criminal and was escorted out. there are more protesters in the room. blinken started his testimony by

admitting biden's administration didn't anticipate the afghan government would collapse so rapidly in the face of the taliban advances and he's still testifying and they are still protesting. turning to the markets, the dow right now -- flat i have to say. it's down 50. look at nasdaq up 272 points. mark tepper with me for the hour. start with your outlook for 2025. where are we going? >> two ways to look at outlook. number one, the economy is super strong and look at where we've been over the course of the last four years and then the four years before that. in my opinion, the best way to really pressure the strength of the u.s. economy is to look at the quality of life we all have. that's the real wage standpoint and going for president trump in office up 9.65% and people doing better and felt better. when president biden came into office, real wages bent down

1.3%. i'm expecting that real wages go up next year and promoting stronger consumer spending and we have a great economy. stuart: and the market does well. >> stock markets will do well and 25+% the next two years. even up half that, it's still a great year. the nfl game in 2025. the script here, prompter says hey, mark, is american football taking over? the answer is obviously not. >> what! stuart: in europe? >> oh, no, not in europe. taking over here. >> yeah, obviously you've got socker and going for real football in europe and look, this is a nice little partnership for nike. i mean, it's kind of like the

various partnerships that ma moo had with the ufc and promoted them to number one beer and seeing apparel of foot ware rising to compete with nike and that stock hasn't done well of late. this could be a huge benefit for an iconic brand that just stock wise hasn't done terrific. stuart: lauren, you're looking please at mover and big mover of the morning is netflix. stuart: new highs and got a big boost from jp morgan and taking price target to $1,010 from $850. more download activity and daily active users and netflix at 936. stuart: jetblue up and still up 4.5%. lauren: yeah, turn around more first class seats coming to air bus jets in 2026 and the consumer will still want the

value of jetblue but they can get more of a luxury high class experience with the first class seat. giving it a thumb's up. >> i'm not a jetblue passenger but will be now. lauren: they've had two deals scuttled and they've got to do something. stuart: jp morgan cuts to underweight. lauren: yes, c3ai and artificial intelligence application or software company and stock's down 5% after jp morgan cut them to sell. they say look, they're a big cost associated with growing revenue, which you're doing and artificial intelligence company, but that call is warning to all the artificial intelligence companies investors and expect a lot in that growth often comes at a cost. stuart: fifa, they've confirm

that had the 2030 world cup will be held across six nations. that will be morocco, spain, portugal, argentina, uruguay and paraguay. three continents and spreading it arnold the world. new analysis shows that president biden let an average of 2.4 million immigrants into the country every year that . includes legal and illegal migrants. are we able to threat these millions properly every year? we'll take it on. california face ago budget deficit and what's governor newsom's plan to address it? spend more, of course. steve hilton has a lot to say about this cali failure, next. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa?

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stuart: the franklin wild fire in california grown to nearly 4,000 acres. william la jeunesse in malibu for us. what's the latest, william? reporter: well, stuart, you know, malibu has been remarkably fortunate here.ter e every hour and winds down to virtually nothing and humidity is up and get this, this is the only major fire right now burning in the united states. we have 1400 fire fighters for a fire that's small and no natalities and 7% contained and seven structures destroyed and

nine damaged. it's a relief for fires that caught everyone by storm because it's late in the fire season. >> surrounded by fire and every direction you look surrounded by fire. i thought i was going to have to drive through a ring of fire just to get out of here >> if summon was standing -- if someone was standing over there, you couldn't see them, insane. reporter: that fire in malibu six years ago destroyed a thousand homes but we have night vision helicopters now and there's like seven of them here and they've made a huge difference in slowing this thing down. they've been able to get those hand crews in there and that was not the case six years ago, and they're also dropping a ring of retardant slowing the fire's growth. yet still the coast highway is closed and city is a ghost town and nobody has any power.

>> a third of america has almost no electricities and no cell service and almost no internet. we're supposed to keep our residents informed. reporter: we're in mall malibu and and we may get drizzle this weekend. back to you. stuart: thank you, william. california's governor gavin newsom proposing new spending even though that state is dealing with a $78 billion deficit. steve hilton joining us this morning. okay, what is n newsom spending money on now? >> well, this endless list of things that should have been done years ago and talk about water storage, infrastructure. there's all these things that

actually are in the budget for years. the voters approved this stuff years ago and it's been completely held up. it's been held up and nearly doubled the done a lot, stuart, in the last ten years and state of california budget nearly doubled and flat or falling and where has all the money gone? it gets eaten up in sweet heart pension deals, luxury pensions and healthcare for the government unions that fund the democrat politicians and meanwhile on the ground, everything collapses and we just saw there that people are without power and see that's a good reason. all the people affected and i'm on the i'm on the road and people are without power and no wild fire and the grid is collapsing and utilities don't work properly that's a lot f people's experience despite the fifth largest economy in the

world there's the highest poverty rate in america and highest taxes and on and on. it's a fill yuri colins on every front. stuart: there's a new book out, cali failure, reversing the ruin of america's worst-run state. what's job one to fix such a huge failure? >> well, it's out next year. we're just announcing the book is there and people can preorder it now, stuart. we go through all of the ways in which this one party rule has it's a bloated bureaucracy in california that make it is impossible to do almost anything. we have the worst business climate in america, ten years in a row. that's why people are leaving, businesses are leaving and if we don't have that economic base, that growth that powers

everything else, then it's just the decline is just going to get worse and worse and worse. job number one is to get rid of that bloated bureaucracy, the regulations and taxes and all that nonsense that is holding back the innovation and entrepreneurship that california should be fayetteville nows for. stuart: i was living in california in san francisco for nine years and got my start in television. i love it had. wouldn't go back now. steve hilton, always good. thanks for joining us, sir. see you again later. >> thank you, stu. stuart: safeway is closing its store in san francisco. i think i know that store actually. i juiced to go there many years ago. what's the problem, ash? ashley: ongoing problem with theft and safety in the area. safeway one of many companies as we know including walgreens for instance that have been hit with

persistent shoplifting and other crimes in the area. san francisco police department just busted a ring of eight juvenile suspects accused in 23 different thefts of walgreens stores all across the bay area and safeway's decision certainly is upset some residents that say, look, no community meeting was held to discuss this closure and it leaves people with no alternatives for groceries. but in response, safeway says the challenges were simply too great to overcome. hear that before. stu. stuart: thanks, ash. check the biggest winners on nasdaq and going from the screen. plenty of screen. broadcom up 5%, marvel technology and google having another very good day. they like that quantum computer chip they've got. and we've got alphabet -- sorry, mongodb on the upside as well. coming up, fewer people able to afford a home and wall street firms are investing and buying rental homes.

we'll tell you all about what's a growing trend. border agents now on high alert and cartels are promising revenge after one of their members was hit by a border patrol vehicle. that is next. ♪

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stuart: on the market this is morning, dow down a bit but nasdaq going straight up. it's up nearly 3030 points. tepper is with us this morning -- 300 points and tepper is wus as in mark tepeder and brought stock picks and picked netflix on the day it's gone up. >> look, i think this keeps going hire and one thing we changed in our model is that subscriber churn going down and more net subscribers in the long run and they're shifting towards more live events and tyson paul fight from a couple of weeks ago didn't go off without any hiccups. certainly were buffering issues in the middle of that live seventh that fight, but nonetheless there were like middle ear space mated over 150 million people that watched and 65 million households and that's a way for them to really create an electric fence around their subscribers going forward. stuart: going straight up too. >> it's done well.

stuart: how about the energy company? >> it's a trump play and liquefying natural gas play. trade partners over in europe are trying to diversify away from russia and i think as permits become easier and start generating more liquefied natural gas, that'll go overseas and begin exporting it and it's up 25% this year and could very easily be up another 25 next year. stuart: i like the sound of that. mark, thank you very much. san diego board of soup visiers beyond the law and vetting to expand protection for illegals. matt finn joining me. what extra protections are they get something >> not alerting the federal government and releasing a migrant that might be of interest and, stu, san diego county is the fifth largest in the country and well known hot spot for illegal immigration and covering the border near san diego, i've talked to migrants coming not just from mexico or south america but iran, yemen, china

and mo others and they've votedo become a so-called super sanctuary and prohibiting workers from assistance to the federal government explaining that illegal migrants lose trust in the county government when local authorities participate in deportations. this new policy states that san diego county will not hold immigrants, that the u.s. government is looking for and that federal agents cannot use county offices to conduct screening ands county policy states it will not prohibit assisting with investigations into migrants suspected of violating criminal laws and the only county supervisor to vote against this sanctuary policy says it will protect criminal migrants. >> undermining the law enforcement ability to protect the communities and put our lives at risk. we cannot let san diego county

become the next headline for an avoidable tragedy. reporter: her office will not cooperate with the sanctuary policy and sheriff said state law gives her control of county jajails and allows her office to work with federal government if migrants convicted of serious violent, or sex crimes and darryl issa represents part of san diego county and he's opposing the policy. stuart: warned of revenge attack from the cartels and that's after agent ran into one of their members and cartel member with a car. texas border sheriff thaddeus cleveland joining me. sheriff, are these issues to worry about? >> thank you, stu. that's just the dance we do here

along the border coming to threats whether it's at state level, local level, or border patrol. whether there's a threat, we're out there being cautious and taking care of ourselves and our partners out there. stuart: i don't think incoming president trump will be very happy about threats, explicit threats from the cartels to our border control. i would expect him to respond vigorously, wouldn't you? >> we have a support fertilizer president trump coming into the white house and he has the backs and he's on the border patrol agents and he's voice that had. so i agree with you. he'll definitely have an impact coming to threats like this and

we'll definitely make comment about it. stuart: include legal and illegal. have they all been properly voted in >> definitely not, stuart. we talk before and most of these countries that these people are coming from, they don't have systems like we do, computerized data bases that keep track of criminal offenders and here in the united states, those that we have vet redirect examination bounced off the own data bases and been here and have a criminal record, we'll have record of those. vast majority not vetted and released in the united states and we likely won't see them again. that's why it's very important that we have the new administration coming in and tom homan and rodney scott putting border security first and start

trying to work with state local the to find the criminal agents. stuart: we have to look long and hard to find them now. that i had yous cleveland, see you again real soon, sir. lauren: 351% of people living in new york city support that with 58% for those living in the state and suburbs. this is part of the change and new york coming to the senses and new york is fed up with paying for illegal immigrants and dealing with some of the crime they bring. stuart: the times they are achanging in this city and in this state. i do believe that. thanks, lauren. coming up, elon musk and vivek ramaswamy are ready to trim the

fat in government and mike johnson is welcoming them with open arms. >> i think it's a once in a lifetime opportunity to do really big transformational things and elon and vivek are pretty smart guys and know a lot about running efficient and productive companies, and this is a large one, the federal government. stuart: senator mike braun is on senate budget committee and republicans will work with doge, i'm sure, but will the democrats? we'll ask the senator about to lead the senate. new york city may ease regulations on airbnb, for the holidays and madison alworth telling us what that means. madison is next. ♪

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stuart: wall street firms are buying and developing single family homes. ashley, why are they doing that? ashley: to rent them out, stu. the bill to rent home building business booming as more millennials are finding themselves basically priced out of the most prized neighborhoods with a top rated schools. can't afford it. from the realtors from 20 2021-2023, the building cost starts at 0% of single family housing industry and real estate broker redfin says for the first time in more than two years, both of u.s. rent has outpaced homeowner households for four straight quarters and as home prices remain near record highs, average monthly mortgage payment for a new home is about 348% more expensive than apartment rents and only downside or one of the big ones is of course as

continuing to suffer and focused on renting and not putting them in for selling and there's a lack of supply and continues to be an issue. stu. >> stuart they're hoping to allow more new yorkers to rent out their homes and local law 18 by far the strictest rule when is it comes to short term rentals across the entire country. going to stay here from 2 up to 4. then would also change so children aren't counted toward that occupant limit and right now they are and families are not able to stay in airbnbs

currently and big change hosts do not have to be home during the time of rental and right now you have to physically be in your home in new york city as you rent it out. opponents say the current law, low cal law 18 should not be amended because they worry that big business and venture capital will step in and buy up stock making it worse in new york city. >> there's two sides to every story, advocates say there's protections in place to prevent investors from coming in. listen. >> this doesn't allow for investors to come and purchase

process they're not going to live in and take rental units off the market. reporter: only allows people to rent primary residence and you have to prove you live in the unit you're renting and current law, lou local law 18 went in effect last year, 29% of short term rentals left the market, including that you know jason had. there's a time with hotel prices surging in part because of increased demand thanks to lack of airbnb and holiday travel and operational cost and lack of availability and thousands of rooms being used for migrant shelters. there you have it, stu, ongoing bat and will airbnb very egotore get back into the market here in new york city.

>> this is a first in the league, which team? lauren: buffalo builds and nfl owners voted on this a few months ago and now it's happening. the management came in and bought a 10% -- they've come in and bought a 10% stake in the buffalo bills. and bought a stake in the miami dolphins and is there a significant change for the fans and fan experience and upgrades to facilities or stadiums? it's a first happening at bills and dolphins. >> it's a great way for

investors to make money and i'm invested in that fund and a handful of my clients as well. i'm no longer a cleveland browns fan and a buffalo bills fan since we own a piece of them. looking at growth overall, since 2013, the s&p has generated an average annual return of 12%. nfl franchises: 17%. while it's an ill liquid investment, opportunity for outsized return is this. stuart: got to stick around for a long time and can't just take your money out when you feel like it. >> we've been positioning in as at least a 10 year hold. stuart: check out the dow 30, see the split of winners and losers. far more winners than losers. that means more green than red. the dow is up 70 points, 44,000, 300. mike braun served in the senate for six years and now heading to the governor's office in indiana. he's going to tell us how he will say good-bye to congress, that's next.

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stuart: lawmakers on capitol hill want answers from ceo of americorps after that agency failed multiple audits and provided stipends and money to government servants and employees for volunteering and that should be at top of doge's cut list. hillary vaughn on capitol hill. how much money are we talking about here, hillary? reporter: stuart, over a billion that they've been given in taxpayer funds and they can't account for where every penny of that has gone and they failed eight straight audits but despite that, president biden wanted to give the agency even more money next fiscal year, but republicans are saying americorps doesn't need a raise. they need a cut. >> bank failed the orders and unable to do the detect fraud, would you be willing to give hard earned money to that bank? apparently the answer to democrats is, yes. this talented net this is a

failed program and it's a complete overhaul or elimination and should be on the chopping block. reporter: other agencies going on a full out spending frenzy and commerce secretary gina told politico she wants to have all the cash congress approved for chips and science act completely spent by the time biden leaves office and top republican on the senate doge caucus and senator joni ernst said it's concerning and set ago letter to him saying "shoveling out heaps of taxpayer dollars with lit toll no oversight is part of the reason the u.s. government is nearly $36 trillion in debt today. american taxpayers deserve to know hard earned dollars are spent wisely and responsibly on projects being properly vetted to guarantee they'll advance the national interest rather than personal or political interest of any one person in washington.

washington". stuart. stuart: thank you, hillary. mike johnson met with elon musk and vivek ramaswamy. here's what he had to say. >> it's a once in a lifetime opportunity to do really big transformational things. congress has a role to play in all of that and how it interact withs the budget and all that together and there's a lot of meticulous planning going into executing on all this, and i'm very confident we'll be able to do that. elon and vivek are pretty smart guys and they know a lot about running efficient and productive companies and this is a large one, the federal government. stuart: indiana senator and governor elect mike braun joining me. you were in senate for six years and on the budget committee. won't there be senators that object to cuts in their pet project s? >> been on the budget committee, stu and we've had so many of the discussions over the last six years. like to talking to the side of my barn back home. it's bittersweet after being $36 trillion in debt, a lot of

what i've been talking about, the only senator rip that's done this way before i got here was rand paul. and l we've been two that vote against anything and describing a fiscal mess here. vivek and elon find they're running into a bloated, deep state bureaucracy that's going to kick and scream every step along the way. if you've got trump there talking about doing it and he's got the voice of the people on his side, maybe. when you know -- realize in a six years i've been here, we've gone from 18 trillion in debt to 36, you can see nothing's been happening. it's been mostly talk about it.

i'm wishing them good luck. stuart: you're a business guy and came to the senate as a business guy. were you a bit frustrating with the way the senate operates during your time there? >> almost have to slow your metabolism down, maybe like watching paint dry, but then, stu, we got to acknowledge of getting more legislation done and more than the ones you have to wheel out on both sides of the aisle. i made it a joyful experience but on fiscal issues, here's what's driven it. democrats are places for growth business and cathedral wrapped into one and they roll us when we want everything for defense. defense just failed for the seventh time an audit and they control 4 trillion worth of assets and they can barely locate half of what's on their balance sheet.

it's across the board and republicans have to hold our pet projects accountable if we want to reign in the other side and then you've got the deep state to contend with along the way. stuart: seems the times are changing. don't be a strange whenever you become the governor of indiana. see us again soon. thank you, sir. >> you bet. stuart: this just coming at us, president elect trump ringing opening bell tomorrow for new york stock exchange and vowed to rejuvenate the economy and ringing in the opening bell tomorrow at 9:30 eastern time. here we go, wednesday trivia question. the mediterranean sea has a coastline of how many miles: 26, 28, 30, or 32,000 miles? the answer when we come back. ♪ (vo) sail through the heart of historic cities

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investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes. stuart: we asked the mediterranean sea has a coastline of how many miles? 26, 32,000? what have you got? ashley: my instinct says 32 so i will go up 26,600. lauren: i thought at first

28,0002600. >> i will go 30,000. stuart: it is often a correct but i will go with number one, 26,600. the coastline is made of 22,000s apart countries. they visit the mediterranean each and every year. stuart: we are tapped dancing to get to the end of the show. thanks for being with us. coast-to-coast starts now. it is yours. neil we had some technology on its way, nasda