resources, inauguration cannot come fast enough, maria with. i'll leave are it there. maria: great point. caroline. >> i totally agree. between sabotaging the construction, setting the clemency pardoning record, first off letting his son off the hook for a crime that was real, bind's not salvaging his legacy. maria: wait until we get the pardon for his brother, jim. cheryl casone. >> i can't wait for that to pass. i tell you that -- what, there's regulation, and there's smart regulation. i can't wait to see what doge does with the epa, maria. maria: that'll be lee zeldin running things. thank you so much, guys. have a great weekend. "varney & company" picks it up now. stu, take it away. stuart: good morning, everyone. todaying up -- tying up loose ends, the president-elect wants to hit the ground running. he's agreed with the dock workers on no automation at the ports. he's avoiding conflict that's

set to resume right before the inauguration. he's meeting with zuckerberg, bezos and last night google founder sergey brin. he's smoothing out big tech tensions x. there are signs of progress on releasing hostage. trump has said there'll be hell to pay if the problem stretches past his inauguration. he's tying up loose ends. bad news for president biden. the monmouth poll shows his approval rating sinking to an all-time low, just 34%. and the latest fox poll, that shows 77% a -- have a negative view of biden's economy. let's get to the markets. let's call this a continuing rally. the trump bump appears to have the legs. the dow up just a few points at the opening bell. same with the s&p but look at that nasdaq, up 1600 points. that's premarket -- 160 points. we're off to the races in the early going. bitcoin holding around $100,000,

100,200. the yield going up on the 10-year to 4.35%. on the 2-year, yield's going up to 4.20%. the price of oil, roughly $70 a barrel or 70.33. regular gas, look at this, it's down the an average around the country of $3.02 a gallon. $4.33 in california -- [laughter] and diesel, $3.50. on the show today, china's leader, xi jinping, was invited to attend the inauguration. he will not attend. intense debate around the killing of health care executive brian thompson. senators warren and sanders and representative alexandria ocasio-cortez have made statements that seem to the rationalize, even to justify murder. breakthrough on migrant deportations. border czar tom homan sat down with new york mayor adams. he now says the city, quote, will not be a safe haven for criminals. and we're going to show you the richest, most successful

capitalist cabinet in history. at least eight billionaires and, of course, elon musks who is now worth well over $400 billion. we've never seen anything like this before. it is friday, december 13th, 2024. 12 days til christmas and 12 days til the first day of hanukkah. "varney & company" is about to begin. ♪ ♪ baby, you're a rich man. ♪ baby, you're a rich man too ♪ stuart: it was the too easy. [laughter] you're trying to find music to coincide with our subjects, and we were just talking about billionaires in the cabinet and elon musk worth over $400 billion. baby, you're a rich man. not such a bad day in new york. we're going to start with the latest from trump and the dock workers. the president-elect met with leaders of the international long shoremen's association, he

supports the unions efforts to prevent any further automation at the ports. he took to truth social and said this: the amount of money saved is nowhere near the distress, hurt and harm it causes for american workers, in this case our long shore longshoremen. the u.s. maritime alliance responded with a at the same time saying, quote: this contract goes beyond our ports. it is the about supporting american consumers. to achieve this, we need modern technology. there's some surprise that the montana -- president-elect would oppose efficiency at the ports. it is also a political shift. the republican president supporting striking union workers. my opinion, trump is eye toing up loose ends, doesn't want conflict at the ports disrupting the supply chain right before he takes office. ben domenech with we this morning. what do you thinks ben? tying up loose ends? -- what do you think, ben? >> i think that you're

completely right there. this is a situation where he doesn't want to come into his term having to deal with an unanticipated problem, something that is obviously going to have an impact on the american supply chain in ways that could be unpredictable and negative for consumers. at the same time, keep in mind this is going to be a point of tension throughout donald trump's to second term. balancing interests, you know, in this case of those who want to see more efficiency in ports, want to get things moved off ships faster with the interest of american workers who are concerned that a such automation would lead to major job losses. that's going to be the something that we see happen in different areas across the economy, and donald trump's going to have to basically navigate the interests of both sides, both of which have representation within his to coalition. stuart: in this case it's a gop if president who's come down in favor of workers who may go on strike. ben, stay there, please. more for you later in this block. i want to bring in lou basenese

with me now. left-hand side of the screen, dow up -- okay,. 7, but the nasdaq is 150 points higher. >> earnings are growing, there's enthusiasm for trump coming into office and all the changes that are going to to come with that new presidency. i think everything is setting up to have a supercharged economy and stock market. you talk about does the rally have legs, i think it's got really, really long leggings as we head into 2025. stuart: rate cuts next week? >> unfortunately, i think we're going to get one even though we don't deserve one, but i think this is going to be one, and then the fed's going to pause for the early part of 2025. key is making sure inflation doesn't reignite. stuart: new fox polling shows voters want trump to focus first on lowering prices, second on cutting taxes when he takes office. actually lowering prices, that's really difficult. >> it is very, very difficult. we talked about inflation tempering, but it's stubbornly high. you've got to address the supply chain, you've bot to -- i think

what really needs to be done is get the economy growing so that the impact of the price increases are not as severe, that the wage growth is outpacing inflation so you don't feel it as much. stuart: great expectations from consumers, isn't it? do it, mr. president. [laughter] lou, stay with me, please. let's get back to politics. trump spoke about elon musk's conflict of interest in running doge. he says musk will put the country long before his companies. there is going to be conflict of interest, isn't there? ben domenech, come back in, please. there is going to be conflict of interest here. all the companies that musk runs and the efficiency department he's running for the government, that's a conflict. >> well, look, in your with frame there elon runs so many companies that run into government problems, regulatory the challenges and the like, of course there's going to be the conflicts. but i think navigating them is something that is essential at moment. we have had time and again efforts to try to cut waste in

government that have not been able to actually achieve anything, and i think that getting some voices from outside of the government to come in and try to really boost up that process and to be able to, frankly, attract attention on social media to some of the problems that we have is absolutely critical. anything that doge recommends is really going to come to the fruition, president kind of pressure has needed in order to get congress to move on some of these things, obviously, a lot of it can be done by executive order, but you also need reaction from capitol hill that can run with their recommendations in order to hav- stuart: it's the worth pointing out that thatyou look at those cabinet appointees, they're all successful business people. not all of them, but the vast majority are successful, wealthy capitalists. i think that that's a good way to go, frankly. >> yeah. and i think that they've all learned a lesson, especially the ones from silicon valley, of the dangers of leftist policies. they know what happened when california broke the peace

accord, essentially, between these the innovators and all of the money that they were making for themselves and their employees. it was flowing in and, essentially, funding all of the different leftist things the california government wanted to do. when they started meddling in regulatory ways through dei programs and woke agenda and started getting involved in what those company ifs co -- companies do, those billionaires and silicon valley innovators reacted. they learned their lesson from that, and they want to see a government that allow ares capitalists to the put that pursuit of excellent products and if economic success first. stuart: got it. ben domenech, have a great weekend. see you soon. >> you too. stuart: jeff bezos, amazon man, he's planning to make a $1 million donation to president trump's inaugural fund ahead of his visit to mar-a-lago next week. by the way, lou, sergey brin met with trump last night at mar-a-lago. he's the rather reclusive

founder of google. [laughter] he's a big trump critic, but he's making peace. he's gone to mar-a-lago. i mean, what do you make of this tech turn-around? >> i love it. it's following the political turn-around. we threaten tariffs and then doge shows up, we're going to have dinner together. people say politics and business don't mixer but it has -- mix, but it has to, and these business leaders recognize they have to find a way to compromise, work and thrive. best way to do that is to have a relationship with the leader of the change. -- of the country. stuart: it's a real change. sergey brin, of all people? >> who would have thought this would happen, but it is promising for what's ahead. it shows big tech is going to be the constructive with the administration and not let politics divide and decide how they innovate -- stuart: and i think it's part of these clearing the decks theme we have today to -- >> absolutely. stuart: you don't want these problems happening over you. lou, more from you in a a second. new york city mayor adams met with trump's border czar,

tom homan. watch this. >> we have the same desire to go after those the committing violent acts, repeated violent acts among innocent new yorkers and among migrants and asylum seekers. stuart: it sounds like new york city is on track to work with trump's administration on deportations. if we'll hear all about that meeting with tom homan. tom homan if is actually here, strolling onto the set like he owns the place, and so he does. [laughter] good to see you, tom. ♪ do you still think i'm crazy standing here today? ♪ 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. better questions. better outcomes. to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico.

our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. this holiday season... -kevin? -catherine! all aboard the freedom unlimited! kevin... kevin? kevin... kevin!!! and kevin - uh, i mean, macaulay - take a very special trip to the mall where anything... come and get your little kev! is... cashbackable!!! -really? -yeah. anything is cashbackable!!! chill. sorry! 'tis the season to cashback with chase freedom unlimited. how do you cashback? chase, make more of what's yours. at harbor freight, we do business differently from the other guys. we design and test our own tools. and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love.

♪ y'all see this, patrick mahomes is saying goodbye! patrick! patrick! people was tripping. where are you going!? he was actually saying goodbye to his old phone. i'm switching to the amazing new iphone 16 pro at t-mobile! it's the first iphone built for apple intelligence. that's like peanut butter on jelly...on gold. get four iphone 16 pro on us, plus four lines for $25 bucks. and save on every plan versus the other big guys. what a deal. that's a lot if you ask me. ya'll giving away too fast t-mobile, slow down.

♪ ♪ stuart: new york city mayor ericed a also meeting with border czar tom homan. listen to to what the mayor had to say. roll it. >> we're not going to be a safe

haven for those who commit repeated violent crimes against innocent migrants, immigrants and longstanding new yorkers. we will not be a safe haven for those who commit violent acts. we don't do it for those who are citizens, and we're not going to do it for those who are undocumentedded. we have the same desire to go after those who are committing violent acts, repeated violent acts among innocent new yorkers and among migrants and asylum seekers. stuart: tom homan, border czar, is with me here in new york city. tom, welcome back. always good to see you with, sir. >> nice to see you. stuart: are you getting full cooperation from new york city? >> look, i had a great meeting with him yesterday. i've been calling him out for three years thinking he's not doing enough, but yesterday i sat down with a cop. the cop came out in him yesterday x he really wants to put public safety ahead of politics. i believe what he said, he wants to help us arrest public safety threats in the country

illegally, find these 300,000 missing children which many of them are going to be here in new york city. so he said he's committed. he's going to take some executive actions, overturn some of the bad policy has de blasio put in place. he wants us to get back in rikers island, criminals handed from his office as to to us and not hit the streets again. we left with the understanding of my staff working with his staff to work out the details. he's all in. stuart: are you going to to persuade other mayors and governors? >> i hope so -- stuart: are you meeting with those people? >> i've reached out to other mayors that want to meet. and not only is mayor as also coming to the table and meeting, i hope it has a.com the know effect. until i verify they want to sit down, not going to say who they are, but i'm hoping this starts a domino effect because nobody, republican, democrat, independent should be against removing public safety threats out of the community.

i'm not asking them to be immigration officers. i'm asking them to help me find public safety threats. stuart: it's personal with you, isn't it? >> it is. i've seen a lot of tragedy. stuart: you seen child rape victims. >> i've talked to little girls as young as 9, and when you get the experience of getting on your knees and talking to a little girl, innocent, pure, you know, ripped from her. she will never be the same. it changes who you are. so, yeah, i want this to stop. i want the deaths of these young ladies across the country that were raped and murdered, killed by people who aren't supposed to be here. i'm tired of it. stuart: what makes so many people angry is what looks like the the indifference of people on the left, they seem indifferent. >> and i'm shocked by that that. stuart: yeah, me too. >> my dad was a cop, my grandfather was a cop, i grew up in a cop family. any politician the wants to say the people that enforce the law are the bad guys and the ones

that break the law are the victims, i find it shocking that we've got the mayor of chicago or governor pritzker says they're going to do everything they can to get many in our way. and san diego just passed a super sanctuary law where they're released into the community rather than calling us. it should be a non-political issue. every elected representative, number one responsibility is the protection of the communities. why would you not want public safety threats removed from your community? come to the table and work with me on this. i'm not asking you to be immigration officers, i'm asking you to be public service and protect the community. stuart: am i right in saying that the building materials for the wall are literally lying on the ground rusting and being sold off for pen nists on the dollar? -- pennies on the dollar? >> ever since president trump announced my appointment, i've been to the border three times which is three times more than kamala harris, the previous border czar, and i've seen it sitting on the ground in numerous locations. not only that, stuart, they're selling piece, pennies for the dollar, to set us up for

failure. guess what? we're not going to fail. we secured the border once, we'll do it again, but they want to make it difficult. they're selling taxpayer-purchased tools and products pennies on the dollar. the american taxpayer should be very upset, what they're doing. stuart: you're not waiting for january the 20th. i get the impression you're starting already. >> i started the day after president trump called me. [laughter] stuart: what did you say? he called you and said, do you want to be the border czar? how long did it take you to say yes? >> less than a second. [laughter] aye been complaining for four years, how can i not fix what i've been complaining about? stuart: what's happening now, apart from meeting with adams? >> right now i'm taking sanctuary cities to toll. i'm going around hoping to meet with these people saying this isn't going to be tolerated anymore. enough migrant crime in this country, enough young girls being murdered. i've got a quarter million if americans kid from fentanyl, a 600% increase in sex

trafficking. we've got a record number of people on the terrorist watch list coming over, 1300. sanctuary cities are not going to survive. president trump's going to take action on hem. stuart: i want to go back to j.b. pritts -- pritzker. he is the governor of illinois. he is questioning your authority for mass deporrations. are you crawing any distinction concern drawing any distinction between deporting criminal aliens and mass deportations? >> first of all, he says i don't have the authority? if we'll see about that. i'm a senior adviser to the president of the united states. do i have the authority to prosecute someone that impedes us or knowingly helps an illegal alien? i'm not going to prosecute if them. the u.s. attorney, that that's their job. i made it very clear with eric adams yesterday, if you're in the country illegally, you've got a problem. but we're going to be laser focused on day one on public safety and national security

threats. that's our prior tie. and we've got plenty of hem to find because under the biden administration the removal of criminal illegal aliens has decreased 74%. not only all the criminals that came across in the last four years, we've got all the ones that were here that were never targeted for arrest. stuart: you were born if -- for this joshing weren't you? >> i've done this for 34 years. i came out of retirement for the second time. [laughter] my wife asked me, when are you actually going the retire? hopefully, we'll fix and finish it this time and win the support. american people that this is the right thing to do. stuart: most of the country is with you. tom homan, always a pleasure. especially today. you're a good man. >> thank you very much. stuart: all right. quick check of futures, pleaseful. back to money for a moment. nasdaq up about 140 points at the opening bell. the rally continues there, at least, and the opening bell will be next. ♪ away in a manger, no clip for -- crib for a bed. ♪ the little lord jesus lay down

his sweet head ♪ (♪) (♪) voltaren...

for long lasting arthritis pain relief. (♪) 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. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had

planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. is a bitcoin etf the same as owning bitcoin directly? while bitcoin etfs might offer a familiar face, they lack the true ownership and flexibility of directly investing in bitcoin. with itrustcapital you can

buy and sell real bitcoin 24/ 7 with the tax advantages of an ira. real bitcoin means no middleman, no restricted stock market hours. choose the path of direct bitcoin investment with itrustcapital because access equals opportunity. invest in bitcoin at itrustcapital.com today. stuart: friday morn, how are we doing? well, we've got some green, the

nasdaq up 130 points at this stage. look who's here, mark ma a haney mack be us -- mahaney. i want to talk about your outlook for 2025. what are your top picks for the new year? >> i haven't changed them over the last month or two. i continue to like uber, amazon and doordash, in that order. and, stu, i just think going into next year if you liked tech socks in '24, you should like them into '25. we've got probably a better regulatory environment. we're going to almost certainly have interest rates coming down. and one of the biggest drivers of tech socks has been all of these -- stocks has been all of these the bank shock ises off artificial intelligence. i think again a.i. is reducing costs and creating new revenue streams. i like the fundamental backdrop for tech going into 25. you're going to -- i'm going to stay bullish. stuart: you're killing me on uber. i without some of that on your -- i bought s&p some of that on your recommendation, and

it's stuck. >> it's pulled back aggressively. it was as high as $90. two things in particular, the shutting down of cruise, kind of the gm-funded competitor to waymo, and then waymo announced they were going to to expand into miami if on their own without uber. so i get that. those are who two negative data points. i think as we go through the year, however, i think they're going to -- the narrative can change. the risk-reward is highly asymmetric to the upside. i don't think we're going to see a dramatic change in the growth rates, i think they're going to remain close to 20. % -- 20%. but i continue to think at the end of day uber's going to be part of the winning platform for autonomous vehicles, and most consumers are going to go to the leading platform, uber, and there decide whether to use a human-driven car or a awe on the mouse vehicle.. -- autonomous. i think it's just a tiny, tiny sliver, i think it's going to get bigger other time. i think uber will be part of the solution. if the data points start to

prove that out next year, you have a lot of upside to the stock. so it's a high quality asset that's dislocated, i continue to like uber, i'm going to stick with it. stuart: okay, i'll buy some more. are you happy now? [laughter] the other side of the coin for a moment, which stock are facing major headwinds in 2025? >> well, there are going to be these tough comp issues. in the march quarter, last year you had leap day and you had earlier easter, so -- and then you've also got the dollar that's really strengthened aggressively in the last call it month, up 7%. so any multi-national company that that's got a lot of international exposure is going to be pretty cautious in terms of their march quarter guidance because the dollar won't translate as well, you know, coming back or things coming back into dollars. i just think you're going to have some mediocre prints for the march quarter, and that could create softness across tech, but that's the softness you want to buy. particular names though i'd

probably avoid at this time, airbnb and ebay as well. stuart: okay, we got it. mark mahaney, have a great weekend, and we will see you again -- >> you too, stu. stuart: mark mama haven first you're all right. despite uber. [laughter] sorry, couldn't resist. they're clapping and cheering, and in a moment we will have a market that starts to trade on a friday morning. again, we are looking at some green on the screen, especially the nasdaq composite. pretty sure that if we open up 100-odd points, you're going to get to the new high for the nasdaq. we're almost there now. i don't know whether -- we didn't close at a high yesterday, did we? >> no, i don't believe we did. stuart: not quite, but we're very close. s the 9:30 eastern time, press that button and away we go. the dow has opened in the green. not much but 50 points, we'll take it. there is more red than green, so i have to point that out to you. the s&p 500 also opening to the upside. 16 points higher, about a quarter percent, almost

one-third of 1% but in thes see the percentage gain here. almost a half percent. you're almost back to to 20,000 on the nasdaq. 95 points higher, is the 19,998. buy something, somebody. thank you very much, indeed. 20,000 on the nasdaq. let's have a look at nas back -- nasdaq. apple and amazon are up. google down 20 cents and meta down $3. broadcom, look at this, it is surging. it's up 17%. huge gain. morning, taylor. >> good morning. stuart: i guess this is about a a.i. and demand for crips. >> -- chips. >> you guessed right, stu. quarterly guy dance going forward just knocked it out of the park. analysts really excited about this. this comes down to hyperscalers who are trying to reduce their reliance on nvidia, so they've given a huge boost to broadcom.

this is a.i. revenue growth that's grown about 2 20% this year. so this company is winning within the hyperscaler space. sueout that's a big gain right there. apple, switching the chips that it uses for iphones, question mark. what's with that? >> currently you have broadcom in a little bit different area. apple's trying to bring this stuff back in house. we're hearing the chip is called proxima. it's going to be used in smart home devices or the iphone maybe starting next year. trying to bring it back in house. stuart: but they're not using broadcom chips, but broadcom is up. >> yeah. they use them in difference areas of the iphone. traditionally, the rf chips tune in to the different bands like 5g and 3g, so they're just moving away. it's been in the works. stuart: one of these days i'll figure out technology. [laughter] don't hold your breath. tesla, please. i think the stock is up again. yes, it is, a quarter percent.

they've launched a new feature in china. >> yeah. so, listen, this is called the the actually smart feature that lets you go in an autonomous car in china from a parking lot to something very close by within your eye sight. you'll be able to do that with autonomous driving. they're starting to roll out maybe a small portion of autonomous driving getting underway. stuart: what. >>some if i look in a certain direction, the car takes -- >> if you can see the spot where you want to go, then, yes, the autonomous driving will go -- basically, they don't think autonomous driving can go much further that -- than that, they want to test a couple hundred feet. [inaudible conversations] stuart: i don't think that's moving the stock. that's a small, incremental movement there. >> yeah. stuart: all right. let's get to costco. one of my favorite company, certainly a favorite story. i know they reported after the bell yesterday. >> they didn't do much wrong. look, this is a stock that's been on a tear. i've been reading that the price

hike fees that went into effect, the first time in seven years, actually are working. everything-commerce if is up about 13% year-over-year. warehouses had more traffic. people are buying schoolly and luggage. interesting though, some comments prosecute ceo that might be moving the stock, they're saying diners are not spending at restaurants because they're buying a lot of meat at costco, showing it's cheaper to continue dining at home. they're starting to see consumer patterns like that show up again. stuart: okay, got it. restoration hardware way up this morning, i saw it earlier. it's still up 18%. >> huge full-year outlook. they crushed it. they now think sales are going to grow about 7.2%, and that raised guidance from what they had previously estimated. look, the ceo was saying this is some of the worst housing market that they've seen in 30 years, but this is a company that still well outperform. they've done such a good job of trying to diversify their supply chain out of china. he doesn't see any impact from

alleged tariffs impacting his company. stuart: got it. how about starbucks? i understand they have handed out smaller pay increases for baristas. was it a tough year or something? >> well, it was, right? this is, remember, the chipotle ceo, brian nichol, coming over to starbucks. this is their big turn-around year, how can they get sales back up. so pay wage increases about 2-3%. last year it was closer to 3-5%. so you're getting a boost, just not as big. again, this is a company that's right-sizing itself and figuring out the path forward. stuart: okay. youtube. that's google's company, obviously, youtube. i use it a lot. >> okay. stuart: and i don't pay anything. this is a completely free service, that's the way i like it, but i understand some people now have to pay >> i'm surprised you getting i it for free because youtube tv, i've heard all the young kids love it. it's the now $83 a month -- stuart: i just use youtube -- >> i got the e-mail yesterday about the price hike. there's no reason to give it up. what you've seen is everything

in the streaming space decoupled, and now everyone's paying so much, it's more than conventional cable, you've got to pick, and i think youtube's - >> you're watching youtube videos. yaw talking about tv can bring you, like, live -- i get my football through youtube tv if you want live stuff. so it's a little bit of a different service, and it's the up $10 -- >> you can get your soccer live. all your soccer matches -- stuart: if i were to pay that money. >> if you were to pay it. stuart: okay. [laughter] >> it's now $83 instead of 73. so you'll have to rook at your budget. stuart: i did not know there were two formses, youtube tv and youtube. didn't know that. >> youtube tv is all the rage. stuart: see, folks, you learn a lot on this program, do you not in taylor, that was spectacular. half a half lou basenese, here he is with his stock picks. the first is ec by new york stock exchange. >> i cannot get into the car with you on uber and mark mahaney, but this is the nvidia of data centers.

it's the oldest and largest and longest data center out there. booming, why? because of a.i. demand right now. this is a company that has global exposure in 22 countries. they're going to grow as large as a.i. keeps growing but a more conservative play. stuart: got it. is it going to 1,000? >> definitely over 1,000. i think just on the current momentum. double-digit growth -- stuart: oh, i like your certainty. [laughter] all right. thanks, lou. coming up, in a a surprise move, house oversight committee chair james comer is backing progressive aoc to be the top democrat on his panel. why is a conservative like comer eager to do business with aoc? we'll ask jason chaffetz. when trump gets back to the white house, he wants to make the economy greater than ever. >> we had a very strong economy, and we're going to do that again, but i think we're going to even up it because now we have experience that we didn't have. stuart: he wants to bring down groce arely prices. can he do that -- grocery

prices. "bar rescue" host jon taffer knows about it, we'll get his take. biden's education department reportedly spent more than a billion dollars on diversity, equity and inclusion grants. we'll ask former education secretary betsy devos, how would she have spent that money? she's next. ♪

since 2019, john deere has invested more than $2 billion in our american factories. today, we're nearly 30,000 u.s. employees strong. in more than 60 u.s. based facilities, across 16 states, we couldn't be more proud to play our part in supporting americans who work the land and build a better tomorrow. ♪ nothing runs like a deere™. (♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man!

i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com

it's hard to say who'll be more excited on the day after christmas. the guy who got a brand new truck from mom and dad. or the guy who got all the weathertech protection for his truck. like laser measured floorliners... the under seat storage system... no drill mud flaps... impact liner with shock absorbing rings...

and top it off with the alloy cover. find these american made gifts or get a gift card instantly at wt.com. (♪) (high five) stuart: president-elect trump wants to eliminate dei programs. lucas tomlinson joins us. who is turning the page on dei? >> reporter: as you just mentioned, stuart, the incan coming trump administration, as you just mention mentioned, major colleges, universities and fortune 500 companies. and since the election of donald trump, we've seen german and

french governments collapse, the downfall of the assad regime. something dei -- some think dei could be next. with the nation $36 trillion in debt, some want the government to stop using taxpayer dollars to pay for it. >> so we found there was more than $1 billion worth of dei-based grants that were given out the about nearly 300 school districts. so there are about 229 grants, some upward of multimillion dollars, right, that all have some sort of dei component to them that was going out to schools. >> reporter: now a new fox news poll shows the percentage of people that want the extremely important issues trump to focus on, lowering prices, cutting individual taxes on individuals, strengthening national defense, deporting illegal immigrants, reducing the size of government. coming in at 29%, ending dei programs. and here's a partial list of the schools that have already banned or restricted dei, texas, iowa,

utah, florida, alabama, university of missouri, university of michigan. all pretty good at a football except for bama, that's a different story, stuart. the former head of hhs civil rights under donald trump says it's the not just universities, but major corporations as well. >> dei has been in retreat now for about a year. we've seen that major corporations, walmart and even harley davidson, have been pulling back on their dei initiatives because of howdy visive they have become. >> reporter: last year the supreme court reversed its affirmative action in universities with one exception, the u.s. naval academy. a judge recently said that will go forward. stuart? stuart: lucas, thank you very much, indeed. biden's education department has spent over $1 billion on dei grants. former education secretary betsy devos is here. [laughter] may if i ask, what would you have done with a billion dollars? >> well, stuart, for one thing,

it would not be going into dei programs or mig of the sort. the best -- or anything of the sort. the best thing president trump and linda mcmahon can do the take the sundays and block grant them back to the states and local districts, get them closer to the students themselves. unlock education freedom and send money directly to families or with families to support their choices in their children's education. this would end this nonsense that has been going on in the department of education for years to continue to a leftward bent toward everything progressive and liberal and not in the interest of our kids. stuart: you want to abolish the education department. really like to do that. but you can't take the unions, the teachers' unions out of the schools. in my personal opinion, they are a big problem here.

>> they are the problem, and they continue to be thwarting every effort to empower families. if education freedom policies are enacted as they are in states across the country and if the education choices for children act is enacted at the federal level creating a tax credit for those funds the follow the kids, the more choices families have, the more responsive the system has to be. and ultimately, those supporting union activities and union agendas are going to have to respond because they're going to continue to lose students based on choices families are making. stuart: radical stuff. betsy devos, thank you very much for taking time with us this morning. it's always appreciated. >> thank you. stuart: sure thing. coming up, eight appointees -- actually, maybe more than that by now, but eight appointees to the administration are billionaires. the left is apoplectic about this. they say we're a plutocracy,

it's the rule of the billionaires. they bought their way into the government. i think that's wrong. trump has assembled a team of winners, a capitalist team. it's what america wants and needs, and that is my take, top of the hour. bitcoin just saw its second best month of the year. the incoming white house is pro-crypto. will trump's crypto rally continue, therefore? we'll ask anthony pompliano. he's walking -- around the back of me, actually. you may move, sir, you may movement. [laughter] good to see you, can come on in. ♪ i'm not the man they think i am at all. ♪ oh, no, no, no ♪ see what i did there? hey, jackie! (♪) evan, my guy! you're helping them with savings, right? (♪) i wish i had someone like evan when i started. somebody just got their first debit card! ice cream on you? ooo, tacos! i got you.

wait hold on, don't you owe me money? what?! your money is a part of your community, so your bank should be too. like, chase! to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress.

stuart: whoa, check your screen, please. look at that, the nasdaq has hit yet another all-time high, 20,039. that that's where we are now. plenty of green on the screen. have a look at riot platforms, why don't you. they just purchased 5,117 bitcoin for $510 million. investors kind of like that. the stock's up 6%. well, where is bitcoin right now? holding at about $100,000, 100,782, to be the precise. look who's here, a bitcoin guy, a market guy, anthony pompliano joins us. bitcoin's just had the second best month of the year after

trump's win in november. okay. is this -- this is the trump bitcoin rally. does it have legs in. >> well, look, i think that bitcoin's going to continue to go up as long as the government keeps printing money. at the same time that trump has been elected and has stepped into the white house and saying he's going to be the first bitcoin president which, obviously, is bullish for the asset class, you also see that the the national debt is exploding. in the last 100 days -- stuart: do you think there's a link to that? bitcoin goes up as the debt goes up? >> they're married together forever because, ultimately, what i think ising happening people realize the national debt leads to debasement of the currency. so if bitcoin's a store of value, they're hiding from dollars and going into bitcoin. i think that's a huge part of the story is trump, second part is you have the national debt continuing to explode. we are adding a trillion dollars every hundred days or so which, obviously, is out of control. and then the third thing is now you have with the political coverage, the regulation coverage and then this kind of

backdrop of the national debt exploding, you have tons of financial institutions and corporations who are saying, well, hold on a second, let's buy a lot of bitcoin. so you have a finite asset with tons of demand, and that's leading to higher prices. stuart: okay. what about the trump stock rally? we've had a beautiful rally on the market. does that have legs? does it continue? >> if you put somebody in the white house who measures the health of the u.s. economy based on the stock market, it is a very bad bet to think that the stock market's going to go down. he's got four years, so i think he's going to do everything he possibly can to make sure the economy's strong, the border's secure and the stock market goes up. stuart: the big biggest thing and if he cuts corporate tax. >> if you cut corporate taxes, that'd be a massive boom, if you deregulate, that'd be a massive boom. and i think one of the things people have focused on is national debt, the doge being approved, etc. but i also think there's a really big story the around we need to grow faster. we need entrepreneurship. we need corpses to -- corporations to innovate and

drive gdp. so if we can cut expenses and grow, america will be in a much better position. stuart: let's get specific. "the wall street journal" says trump's economic advisers are looking to shrink or even completely eliminate bank regulators like the fdic. what do you think of getting rid of the fdic? >> i think that getting rid of regulators is very, very hard. what i think is probably a much easier path is the get some common sense regulation. so you've got to get the right people. these regulatory bodies are still made up of people, and if you get the right people into the seats, that's stanley cup went. step -- step one. step two is looking at what is the goal of the organization. the goal is to from vent bad things from happening. -- to prevent. so let's make sure they're focused on the objective and not this bureaucratic power. stuart: you're a trump guy, aren't you? >> listen, i'm an independent. when i looked at both of the candidates we had to choose, it was very clear who was pro-business and pro-growth -- stuart: it was clear. that was very clear.

[laughter] before we get out or lou are, bitcoin, the rally, the trump-bitcoin rally, does it continue? >> i think it does for two reasons. trump's becoming very pro-crypto in his policy and also you have a supply-constrained market. when you have riot blockchain and microstrategy going in and buying half a billion dollars' worth of a currency that will only have 20 million bitcoins in existence, there's only one way for the price to go. it's higher. stuart: see you again soon. still ahead, democrats bitter about the incoming trump administration's team of billionaires. they call it a blew tock racy -- blew tock rah a city. jason chaffetz reacts. syria in chaos. what should we do about it, if anything? rebeccah heinrichs will join us. trump admitting cutting grocery price will be very hard. can he actually cut the price at the grocery store? we'll ask "bar rescue" host jon taffer. carine hajjar are -- will react to senator warren sympathizing

with the united health care ceo's killing. good hens. the 10:00 dub good evens. the 10:00 hour is next. ♪ ♪ ..

at harbor freight, we design and test our own tools. and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. whatever you do, do it for less at harbor freight. ♪ patients who have sensitive teeth but also want whiter teeth, they have to make a choice- one versus the other. new sensodyne clinical white, it provides 2 shades whiter teeth as well as providing 24/7 sensitivity protection. patients are going to love to see sensodyne on the shelf. big news for mahomes! i'm switching to iphone 16 pro at t-mobile! it's built for apple intelligence. that's like peanut butter on jelly... on gold. get four iphone 16 pro on us, plus four lines for $25 bucks. what a deal. ya'll giving it away too fast t-mobile, slow down.

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: rich friends. we are talking about plutocrats and billionaires in the administration so the song is appropriate. rich friends as you gather on 6th ave. new york where it is very very cold. it is 10:00 eastern. straight to the money, the nasdaq hit a new all-time high, now we are at 20,032. the treasury bond, treasury securities a yield, 4. 36%. the price of oil $70 a barrel this morning and bitcoin holding onto $100,000. that's the markets. now this. to b