maria: welcome back. we are 30 minutes away from the opening bell on wall street. we've got a market that is under pressure p down about 200 on the dow industrials. chris mcif mahon, final thoughts. >> merry christmas. maria: trisha. >> 34 days til inauguration day, what's donald trump inherit? what's he coming in with domestic and abroad? maria: we know the answer to that, that's for sure. see you again tomorrow to, everybody. "varney & company" picks it up. stu, take the it away. stuart: good morning, everyone. the live action presidency of donald trump continues.

more billionaires putting money into the inauguration fund, more tech titans making the trek to mar-a-lago, more policy outlines. the doge caucus meets today. this is the live action presidency charging towards trump's second term. as he says, in the first term everyone was fighting me. now everyone wants to be my friend. we have an important financial report released about a half hour ago, retail sales for november. fairly strorntion up 0.7%. over the last 12 months, retail sales up 3.8%. no immediate market reaction. there is more selling on wall street today though. the dow, which is down for eight straight days, off 192 points. that that's premarket trade. the s&p down the 22, the nasdaq, which closed at a record high yesterday, off about 50 this morning. bitcoin, another new high, $107,000. it's at 107,2 right now. interest rates, i'll call them elevated.

the 10-year treasury moving above 4.4%, the 2-year above 4.25%, 4.27 right now. the price of oil, $70 a barrel, dropping down to $69.79. gas, $3.03 on average for regular, diesel $3.50. at 2 p.m. eastern, a white house briefing for the house intelligence committee on those mysterious drones. maybe we'll find out who's putting them up there and what they're doing. canada in turmoil, the deputy prime minister assigns. she's not -- resigns. she's not happy with prime minister trudeau. is canada feeling the trump effect? the ukrainians kill a russian general on the streets of moscow. he was in charge of russia's nuclear, biological and chemical forces. we are waiting for putin's response. it is tuesday, december 17th, 2024. "varney & company" is about to begin. ♪ ♪ you've got a friend in me.

♪ you got a friend in me ♪ stuart: you've got a friend? lauren: failing to make the connection -- stuart: oh, i know. we're going to be the talking about trump and elon musk. the friendship there. lauren: oh. okay. the bromance. stuart: lyle lovett, whatever. good morning, sports fans. trump held his first postelection press conference. he spoke for 70 minutes, he spook took about 35 reporter questions. he announcedded a $100 billion investment in america from the ceo of softbank. after the announcement, he met with tiktok's chief. tiktok wants to block the u.s. ban that would go into effect january the 19th unless it's sold. everybody wants something. the donations keep coming in.

citadel's chief, ken griffin, he announced he will be giving a million dollars to the trump's inauguration. griffin didn't inaugurate for his campaign, but he says he did vote for the president-elect. just another ceo cozying up to trump. mark zuckerberg, jeff bezos, sam altman each donated to the trump inaugural fund. in the last two weeks, trump has met with zuckerberg, sergey brin, tim cook, sundar pichai. they've all flown down to mar-a-lago. he will meet with jeff bezos sometime this week and if reportedly meet with netflix's ceo later on today. we'll see i -- see. now listen to what the president-elect says about how people are treating him this time around. >> i did have dinner with tim cook. i had dinner with sort of almost all of them, and the rest are coming. one of the big differences between the first term -- in the first term everybody was fighting me. in this term everybody wants to be my friend.

i don't know, my personality changes or -- changed or something. we do have jeff bezos of amazon coming in sometime during the week. look forward to that. the topics thetives, the top bankers, they're all calling. stuart: mollie hemingway with me this morning. what's different now versus 2016? his personality really hasn't changed, has it? >> donald trump hasn't changed, but definitely the situation in america that has. what you're seeing is the complete rejection spend of trump derange arement syndrome. we have so many problems in this country from a lot of people just refusing to accept the reality that trump had been elected in 2014. with this election in november, the american people led the way many saying they're just sick and tired of doing this trump derangement syndrome, and you're seeing these top executives following suit and treating it like a normal presidency which is what they should have done in

2016. stuart: new york judge merchan has denied trump's motion to dismiss his felony convictions. it seems like lawfare continues in new york. how's this going to play out, anied idea? >> well, first of all, judge merchan should know he's partially responsible for that election of donald trump. the abuse of courts and the destruction of rule of law as an attempt to take on donald trump was rejected by the american people. who didn't want the country being turned into a banana republic. he's signaling this can continue once donald trump is out of office which might mean that you will continue to see republicans fare better than democrats in some elections as they see democrats continue the use lawfare to go after political opponents. the american people clearly do not like that. stuart: and it's not going to get in the way of this live action presidency or even when he assumes office. i mean, this is nothing to do with his performance in office, right? >> well, no. and i think americans really care a lot about having the country do well. this is -- you know, people who don't even agree with donald

trump on a variety of issues, they just want to see the country do well whether economically, with foreign policy, with the border, and they're sick of all the obstruction, i think. stuart: got it. mollie hemingway, thanks for joining us. >> thank you, stu. stuart: sure thing. 8:30 eastern time this morning we had the november retail sales report. now, lauren, these numbers do include black friday sales, right? lauren: yes. that was november 29th. you do get black friday, and this report shows that, yeah, we're off of to a strong holiday shopping season. retail sales up 3.8% in november from last november. that's the most in nearly a year. hook at this, on rhine sales, of course, lead -- online sales leading the way, up almost 10% from november a year ago. so pretty good start -- stuart: what proportion of your holiday buying was done online versus in store? lauren: ooh. probably 70 online, versus 30 in

the store -- stuart: it's come to that? >> it's sometimes more efficient, and they often give you a box to wrap it. $5 on line. stuart: all right, lauren. check futures, please. i see red ink, dow off 170, nasdaq down 40 points. got it. show me bitcoin, please. at a record there. that's the record high. $107,500ing. and look who who's sitting next to me this morning, yeah, the man himself, david bahnsen is with us. $107,500. do you have any comment whatsoever, bahnsen? >> it's a huge runup, and i think that those the that are speculating on it have done very well, those that believe it's going to $500,000 think they're in early innings, those that think there's no way to value it, like myself, have no idea -- stuart: so you wouldn't with buy it. >> no. it's heavily correlated with nasdaq. that's really why this goes up and down, around the tech sector. stuart: okay. outside your investing in dividends plays, outside of that you don't touch bitcoin.

>> no. we touch a lot of other asset a classes, but we have to be able to value them. so real estate, income credit, dividend stocks are our bread and butter. stuart: do you still think bitcoin will eventually crash? >> i know it will. stuart: you know it will? >> of course. that doesn't mean it doesn't go higher, but again, i do not believe it'll ever be a widely held medium of exchange. stuart: okay, all right. let's get off this subject. [laughter] everybody's expecting the fed the cut rates tomorrow. my question is, what happens to the market if they don't cut rates tomorrow? >> well, i'm happy the answer that question, but there's 100% chance they're going to cut can rates tomorrow. it's priced in the futures market, so they just simply are going to cut. but if they were going to go back to those days where they surprise markets, greenspan did it a couple of times, markets generally react either positively if it's a surprise cut or negatively if it's a surprise non-cut.

this fed is telling you what heir going if to do weeks in advance. stuart: don't like the look of the 10-year treasury yield. that's almost the high of the year. >> it's staying between 4.1-4.5, and i think anything below 4.5 is just fine. if you get a 10-year treasury back in the 3, everyone's going to to i think it's very good, it means the market is pricing in very low growth. you want a higher 10-year when it's not inflationary, when it's just good, strong, real gdp growth. stuart: 4.41 is okay. >> i think it's wonderful. [laughter] stuart: stay with me, david. rfk jr. facing scrutiny over his stance on vaccines. what did he say about the pole owe -- polio vaccine? lauren: he said he will not move to revoke its approval. watch here. >> mr. kennedy, what's your position on the polio vaccine? >> do you mind preeting what you seder -- [inaudible] >> do you support it? >> yeah, i support it. lauren: and then president-elect

trump doubled down on that in his press conference. he said americans are not going to lose the the polio vaccine, and he called rfk jr., who he spends a lot of time with, rational. you're look at some of the drug makers, the vaccine makers. some pressure yesterday especially on the pharmacy benefits managers when trump called them the middlemen who drive up the cost. stuart: well, they are the middlemen. he went right after them. that's why they're suffering today. lauren, thank you. elon musk's mom sees a lasting friendship between trump and her son. watch this. >> they both seem very general win. i don't see why it won't last. i just think even when all the problems are solved, which could take a while, i think they'll still be good friends. stuart: i spoke to to elon's mom, maye musk. we'll have more on the trump-musk relationship later in this hour. trump demanding the administration stop selling border wall materials. roll it. >> the administration is trying to sell it for 5 cents on the

dollar knowing that we're getting ready to put it up. it's almost a criminal actment they know we're going to use it. stuart: texas senator ted cruz, eager to finish the wall and stop the flow of migrants, he joins us next. ♪ you're gonna if carry that weight, carry that weight for a long time ♪ 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,

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stuart: all right. 15 minutes to go til the opening bell. there's some red ink on the screen. dow's off about 200. smaller losses for the s&p and the nasdaq. yesterday trump spoke for well over an hour after announcing the $100 billion investment from

softbank. peter doocy's with me this morning. it was fascinating to see trump negotiating to get more money out of it. he's taking his -- a page out of his own book, with the the art of the deal." >> reporter: he is. and president-elect trump also says he's already working the phone looking for status updates on the two wars that will be ragingen on his inauguration day in gaza and in ukraine. >> i'm not going to comment on the putin question, but i will comment on but bi. we had a very -- on bibi. we had a very good talk. we discussed what is going to happen, and i'll be very available on january 20th, and we'll see. as you know, i gave warning that if these hostages back home by that the date, all hell's going to break out. >> reporter: the president-elect is also gauging ways to manage the competition with china despite xi apparently declining an inauguration

invitation. >> i would say that, if he'd like to come, i'd love to have him. but there's been nothing much discussed. i have had discussions with him, letters, etc., etc. at a very high level. you know, we had a very good relationship until covid. covid didn't end relationship, but it was a bridge too far for me. >> reporter: the trump team's also trying to figure out how to deliver on the election-winning promise of a better economy. and and while announcing a $100 billion commitment from softbank, trump did his best to show that the art of the deal can be more than just a book title. >> i'm going to ask him right now, would you make it -- [laughter] $200 billion? well? >> my promise is -- [laughter] not asking to do more. >> [inaudible] [laughter] $200 billion investment. >> he's a great negotiator. [laughter] >> reporter: and advancing the

idea that the current president, joe biden, is ceding the world stage to trump early, tonight in the middle of the workweek the bidens are going to fly to delaware. stu? stuart: got it. thank you, peter. now listen to the what trump said about biden selling border wall material for just pennies on the dollar. watch this. >> the administration is trying to sell it for 5 cents on the dollar knowing that we're getting ready to pit up. put it up. what they're a doing is really an act -- it's almost a criminal act. they know we're going to use it. so i'm asking today, joe biden, to please stop selling the wall. we're going to use that to create a strong barrier. stuart: all right. texas senator ted cruz joins me now. mr. senator, this seems like deliberate stalling from biden, delaying trump from building the wall. can you stop it? >> well, it is worse than that, it is absolute sabotage, and i think president trump is right,

it is very likely a criminal act that they are deliberately misusing and wasting and stealing government assets. let me give you an example, stuart. let's say you're an elected sheriff and you get beat in the election, and you're mad that you got beat. you're a sheriff's department, you've got 10 squad cars that are $50,000 apiece, and because you're mad that somebody else is going to come in and be the new sheriff, you decide to take all 10 of those squad cars and sell them for $100 each. i don't think anyone would doubt that that outgoing sheriff would be prosecuted and prosecuted for theft from the county. that's exactly what a joe biden is doing. he's taking incredibly valuable assets of the federal government, and he's clintly wasting them. he's selling massive segments of the wall for the $5 apiece. and anyone involved in this decision making from the secretary of homeland security to every bureaucrat down the command chain who signs off on this decision, you need to be on notice that when a new department of justice comes into

officen on january 20th -- office on january 20th, you may well face criminal investigation and a criminal indictment because you don't have the right as an outgoing administration to rob the taxpayers. and that's exactly what the biden administration is trying to do here. stuart: border patrol's warning of a new surge of migrants. agents in the rio grande sector made over 1200 arrests just over the weekend. it sounds like there's a mad dash to the border before trump takes into office. what can you do about it, senator? >> well, look, that's exactly right. we're seeing the arrests had been down around 4-600, so the number of arrests have doubled or fripp thinged in recent days -- tripled in recent days. and i think we can anticipate that happening in the leadup to january 20th. now, here's why. on january 20th, everything changes. we will secure the border. you know, you look at the election we had in november, the results were overwhelming. the president, president trump, of the seven battleground states, president trump won all

seven. you look at what the american people voted for, they voted to give republicans the senate, republicans the house. we won five senate seats. in my home state of texas, i was chuck schumer's number one target in the if country. it was a quarter billion dollar race. i ended up winning by 9 points, by a million votes statewide. and i'll tell ya, stuart, what i'm most excited about, i won hispanics in texas statewide by 6 points. that is the unprecedented. and the rio grande valley, which has been bright blue for over 100 years, flipped red. that is historic, that is a generational change. and it's because texans, like the rest of the country, we want the border secure. we're fed up with 12 million illegal immigrants invading this country under joe biden and the democrats. and i'm here to tell you, stuart, i'm going to work hand in hand with president trump to secure the border. and knotts going to take a year, it's not going to take six months.

we will see the border secured in january and february of next year as the new administration comes into power. stuart: january the 20th everything changes. senator ted cruz, thank you very much for being with us. always appreciate i. >> thank you. stuart: yes, sir. now this, tom cotton, senator, demanding the defense department keep all records related to border materials being sold. i can't guess why, lauren. lauren: well, he wants to know why some of the unused material is selling for pennies on the dollar. keep the records. the issue is when the taxpayer has to rebuy these materials so trump can complete the border wall, the price is going to be a lot higher. >> we don't want to see them rush to sell those materials if it's well anticipated the trump administration is going to be using them which is selling them for joust pen nist on the dollae dollar. we want them to explain what hair next steps are, why they're going forward with these sales. and if they're unreasonable, we want to save that so the trump administration can save the taxpayer dollars.

lauren: that's ripe for doge, efficiency. trump yesterday called these sales, quote, almost criminal. stuart: he didn't like it, for sure. thanks, lauren. check futures, please. i'm looking at the dow, we're down about 200 points as we speak. this is the futures market. it is going to open lower. it's been with on eight session losing streak, this could be nine. we'll be back with the opening bell. ♪ she's so lucky, she's a star ♪ but she cry, cry, cries with a lonely heart -- ♪ this -- thinking, if there's nothing missing in my life

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please call the number on your screen or go to loveshriners.org to give whatever you can. and when you become a monthly donor your first gift will be tripled! thank you for giving! stuart: at the opening bell the dow's going to be down about 200 points. kevin, i know you are big on defense stocks. and you've got several in mind. go through them, please. general dynamics. >> certainly. our country needs to replenish, upgrade and modernize. general dynamic can help us replenish given that they develop ammunitions and armored vehicles. they've got a yield of about 2.1% and a yield of 20. seems attractive to me. stuart: they're going up are if from here? >> they are. stuart: l3 harris technologies. >> we need to upgrade our missile defense capabilities as well. that's exactly what they do, and they have a pe of just 16.

stuart: okay, sounds good. next one is cratos defense and security solutions. >> they manufacture drones and other autonomous if vehicles. i'm from new jersey, so i certainly know about drones right now -- stuart: have you seen initiation by the way? >> i have seen several hovering above my house, for certain. stuart: everybody from new mexico, i have to ask that question -- new jersey, i have to ask that question. they're drone folks. l3 harris is defense -- >> missile defense systems. stuart: last one, howmet aerospace. >> yes. a company that is actually a benefactor of increases in defense spending. they supply the parts that make the f-35 fighter jet actually soar. their stock is up nearly 100% year the date. stuart: i understand the replenish idea because our stocks of weaponry -- >> yes. stuart: -- have all a been decompleted seriously. >> sent overseas.

stuart: how fast will it take us to rebuild? >> there's going to be the an additional $1.1 trillion by the end of 20 if -- 2033. stuart: is there the enough in next year's defense budget? >> not. it needs to increase, and there's a big fear that doge is going to cut back on defense spending. doge is going to target the department of defense, in the necessarily defense spending, and i think trump spends more -- stuart: so these defense stocks are going up. general dynamics, l3, kratos defense and howmet aerospace. got all the bases covered. >> yes, i do. merry christmas. stuart: okay. the opening bell will be ringing any moment now. the bell will ring now, 10 seconds before the actual trading begins, and somebody will lean over is and press the button. i seem to say the same thing every single day -- lauren: well, the same thing happens every day. two hands. stuart: all right. the market is now open.

we are down 200 points for the dow industrials. predominance of red for the dow. like i said, it's been eight days, it's been on a losing streak. today could be day number nine for that losing streak. a heavy preponderance of red right there. the s&p 500, what have we got there? we've got a loss of .43%. the nasdaq composite, what do we have? a loss of .38%. down across the board. big tech, meta and alphabet are up, apple, microsoft, amazon are down. apple just switched to the plus column. i want to take a look at nvidia. they are having a very tough month. they're down again this morning. lauren: again. wow. stuart: are they in correction territory? lauren: down at least 11% from their recent high which was 148. yeah, invade -- nvidia this month is down almost are 7%. i'll give you two reasons today. there's an influential analyst, and they say some of their

newest chips are experiencing severe thermal issues that could delay production. stuart: meaning they overheat. lauren: they overheat. and, look, investors are rotating into other a.i. names, and one of them is broadcom. there's also something of of the multiplier effect. for every $1 that is spent on an nvidia chip, $8-10 is spent throughout tech, and just today bernstein just named nvidia as well as broadcom their top chip picks for 2025. stuart: why are you laughing? >> for 2025. after 190% return in '24, now it's the hot stock for next year. seems a little late for that. [laughter] lauren: so we're at, what, 10 p.m. in the a.i. party that goes until 4 a.m -- >> no, we're 3:50 a.m. lauren: ooh. stuart: tesla, they're up again this morning. lauren: wow. stuart: who's bullish on them?

lauren: dan eaves of -- dan dan ives of wed bush. they see tesla benefiting from mix's relationship with trump -- musk's relationship with trump as well as reports he could loosen the rules on autonomous if driving. the average price target is $271, so wed bush comes out with $515 and the stock's at 470. how is the average 270 when -- >> because 75% of the return has come in the last 4 weeks,, the trading at 153 times earnings. stuart: tesla? >> yes. next year's earnings. next year's earnings. even at 515, that's only 8% from here. stuart: seems somewhat inflated -- lauren: his bold case is 650. stuart: bitcoin, another record, $107, 700. the rest of the crypto stocks must be up. lauren: gains beget gains, right? it's enthusiasm, and it's pal panel. if we look at bit -- palpable.

bitcoin is up almost 60% since election day. it's up seven weeks straight. we have not seen a run like tha- stuart: it's the trump effect. case closed. lauren: the cleanest trump trade. stuart: walmart employees, they're going to wear body cams. this seems to be something to do with shoplifting and stopping it. shrinkage. lauren: reportedly, some of these employees are wearing body cams. it's a pilot program. the camera can see what a customer is doing. that could prevent them from stealing something and could also prevent altercations. you'll see, you might see is only signs when you go into walmart. hey, body cams are being used by some of our employees. tjx is also doing this. walmart at $95, up 80% this year. of and guess what? they are defending their pullback from diversity, equity and inclusion. they say too many groups felt excluded by it. stuart: i'll come to you later for pfizer. i've got to talk about it with lauren. what are they saying about their

future profits? lauren: guidance is just in line, and in line is good enough for wall street. the stock is up almost 4%. they're in the middle of a turn-around as they diversify away from the covid vaccine. the cost cutting is working so far. stuart: i'm laughing because i know exactly what david's about to say. say it. >> the stock is trading where it was in 1997. this is the company that had the covid vax, they had a little drug called viagra, they have lipitor. this is the largest pharmaceutical, they bought warner lam bart, and they've managed to set money on pyre for over 25 years. -- on fire for over 25 years. it's unbelievable. stuart: it is, actually. no change at all. >> no r&d, no great growth. it's an awful story to of corporate mismanagement. stuart: you do not own it, that's for sure. [laughter] >> i sure hope i don't after i just said that. stuart: it'd be quite an admission. thanks, david. european union, they've just hit meta with a big fine.

how much? lauren: $263 million u.s. it's for a security breach that happened about six years ago that affected three million facebook users in the e.u. hack hers exploited bumps in -- bugs in a new feature. meta fined that much money. stuart: so the stock's to gone up. waymo has announced they've got an international expansion. where are they going? lauren: japan starting next year. look, i think this is a great idea for japan because they have an aging population. is it safer for an older driver to drive themselves or so to get in a self-driving car? there will be a man -- there'll be a person there in the beginning as they test. stuart: i was about to make some comment about me not driving at night -- lauren: i hate driving at night, and it was very foggy last night. difficult to drive. stuart: david, it's your big moment. first off, general mills. >> isn't it so boring to bring companies that make cereal and pet food, and in a second we're

going to have a utility company? no, we are big believers in boring companies that make a ton of money and have a good dividend, and general mills is here today because it's down on the year. hasn't had a big year, and that's what we like. companies still trading at a good value. stuart: what's it pay? >> over a 4% dividend, growing every year. stuart: american electric power. >> similar. over 4% on the dividend, and you cannot get this a.i. story without data centers that need more power. very good growth story and over a 4% dividend yield right now. stuart: 4%? >> yes, sir. stuart: take it. i think the data the center and power supply is huge. >> big story. stuart: coming up, trump says south american allies will take back illegal migrants or face economic backlash. >> they're all taking them back, yep. and if they don't, they'll be met very harshly economically. stuart: okay.

do those threats work? former acting dhs secretary chad wolf is here on that. canada's deputy prime minister abruptly resigns. it comes as trump's tariff pressure is clearly building. is prime minister trudeau in trouble? is it the trump effect? we'll hear from alberta's premier later in the show. record number of shoppers using the buy now, pay later option this season. if that's the case, why are retail sales so strong? we will deal with that. ♪ tell me why ain't nothing but a heart ache. ♪ tell me why ain't nothing but a mistake. ♪ tell me why, i never wanna hear you say -- ♪ i want it that way ♪

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. (♪) (high five) stuart: back to the that retail sales report, pretty strong, i'd say. sales up 3.8% in the last the months. gerald storch joins me now.

what does that report tell you about the state of the consumer, gerald? >> well, it looks like the consumers are betting that the ghost of christmas future will be better for them than the ghost of christmas past. while nothing has changed on consumer balance sheets, they're sill in debt, inflation's still been a problem, since trump was elected their confident -- they're confident he's going to do something about it. even people who didn't vote for him believe he can make a difference. so they're spending money they don't have betting it'll be better in the future. stuart: we saw a record number of shoppers using buy now, pay later option. that suggests that lower income consumers are truly strapped. would that be accurate? >> yeah, absolutely. although, you know, even hiring -- higher income consumers use buy now, pay later. basically, that's another example of debt. for some people reason people

like maybe it's not real debt the way credit card debt is, but it is, and they're still going to have to pay it back. that's just another example of rising debt load that consumers are enduring. they're still faced with the same problems they've had, but they're optimistic. you look at consumer confidence data and other indicators, they're optimistic about the future that they're going to be able to pay it back. stuart: give me two retailers who you think will do very well in to 2025. >> i'll give you four. the same i always give you, stu. walmart, costco continues to just hit it out of the park, you know? tj maxx, great value every day. tjx, is the stock. and also, of course, amazon. the biggest thing you saw over cyber monday and black friday was the internet continues to capture share and at an accelerating rate during this period. and bricks and mortar stores didn't do quite so well. stuart: is there any hope for the shopping malls?

they seem to have come back a bit. long term, how are they doing? >> well, they're shaking out. the high-end malls continue to do well, and the developers, people are really smart like psi mornings for example. they know what they have to do -- simon. they're making these places that have great restaurants, not just the old food courts. places to shop, to eat, to live with are residential, to work, you know, places to have entertainment. so they've become multidimensional places, not just a place to shop. stuart: and simon properties is the way to go with that one. >> they're the best. stuart: okay, got it. see you again soon. good luck to you. thanks a lot. coming up, america is getting a look at a live action presidency. we're not used to it. biden avoided public appearances like the plague. yesterday's press conference, that was monday, trump answered three dozen questions in -- 70 minutes. that's a live action presidency, and that's my tame -- take, tom

of the hour. -- top of the hour. maye musk, that's next. ♪ ♪ to go further, you need to be ready for what's down the road. as energy demand continues to rise,

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stuart: if you were watching the show yesterday with, you would have seen president-elect trump introduce the ceo of softbank to create 100,000 jobs over 4 years. interestingly, president trump walked over to him and said, why don't you make it $200 billion? watching that interview and watching the president's performance was maye musk, elon musk's mother, and she joins us now. >> yes. that was very exciting. [laughter] stuart: isn't that classic trump? $100 billion? no, make it 200. >> he's a businessman, and he has a great sense of humor. i really enjoy his company. stuart: do you sit in on the meetings when they're deciding when gets what and how things work? >> no, i don't. i would love to. i think everybody wants to. stuart: you've had dinner with them -- >> yes, dinner and lunch at the golf club.

stuart: whoo's -- what's it like in. >> happy, everyone's happy. he's soft spoken, he's consider rate, his children and grandchildren love him. stuart: very positive -- >> really positive, and everybody's saying if you need help on this section, i can help you, and they all want to share their expertise with him because volunteering. they don't need an income. they're just volunteer thing to the help in certain areas where they're in expertise, and i just glow when i hear that. stuart: does your son live at mar-a-lago? [laughter] >> you would think so, but he has a lot of companies, and we did have thanksgiving over two days after thanksgiving with trump, we had thanksgiving with family and grandchildren, and the next day with more grandchildren. stuart: they're good friends, obviously. how long do you think can it's going to last? they're both mercurial

personalties. >> they seem very genuine, i'm very on the usic. -- optimist inment even when all the problems are solved, i think they'll be good friends. stuart: you've seen that long list of things elon and ramaswamy want to do, it's a very, very long list. now, your son gets upset if he's not successful. he doesn't tolerate failure, does he? [laughter] >> yes. i think that's why he is successful, yes. stuart: what's it like being the mother of the richest person in the world, bar none in. >> well, i think he's the genius of the world -- [laughter] can we change it from money to great ideas? and i'm very proud of him. i didn't want him to or not to -- expected him the take over the tesla car business, the ev business as well as the space and rocket launches, and now

neurolink and boring, no mother wants him to take so many big projects on his own -- stuart: now he's got the biggest one of them all. >> yes, now -- stuart: he's rearranging america's to government. >> and everybody's volunteering. you know, to help him and vivek are. stuart: when did you first realize that your son was something special? >> when he was 3. and i wrote about that in my book. stuart: what did he do? >> he just could reason with me at 3 years old. so i would tell people i have this genius son, and they would just roll their eyes because everybody his they have genius children. stuart: that's true. >> he was shy, so he was really only talking to maine and so i knew that. and when he read the encyclopedias, he remembered everything. of i could ask any question because he remembers what he reads. stuart: has he got a photographic memory? >> yes. stuart: everything he reads? >> he can give dates, he can

give names and, you know, he can just bring up the past and then he doesn't want some things in the past to happen in the present, so -- [laughter] stuart: i think he made $100 million, something like that, out of paypal. what did you think when you heard $100 million out of paypal? >> i just said, well, i wanted him to slow down. and he didn't listen to me. [laughter] stuart: has he ever listened to you? >> not regarding his adventures that he does. he because them first and -- he does them first and then i support him because it's always to do good. you know, it's really just to do good. he doesn't say i want to make money. east never said that. stuart: do you give him advice? other than slow down, which he doesn't take? >> yes. well, i don't know. i can't remember -- i think all three of my kids when they're doing something, i might say, well, let's do it this way or maybe you should do it that way. i might say that, but i don't recall them making great changes

because of me. they all do their own thing. stuart: you do have the opportunity to give advice now. what advice, elon, do this. go ahead. >> elon, i hope you're getting some sleep in. [laughter] but -- stuart: he doesn't sleep much, does he? >> he never did. as a child, as a baby he didn't sleep well at all. stuart: nowadays he would be diagnosed as hyperactive. >> there's lots of diagnosis they would give him, i'm sure. [laughter] but, yeah, i just think he's doing such good things that i want him to continue. stuart: it's a wonderful thing. may mix, it's great to have you -- maye musk, it's great to have you on the show. come back whenever you possibly can. >> thank you. stuart: thank you, ma'am. -- with maye musk, elon's to mom. check that market, as in the present right now, down 200 on the dow, nasdaq down about 70 points. but i should tell you there is a bright spot here. apple and google both hit

all-time highs earlier this morning. the rest of the dow winners on your screen, apple and alphabet, those are the all-time highs. alphabet up there again. nike, coca-cola, amgen, boeing and cisco systems. that's' the dow winners' list. the s&p 500 winners' list topped by tesla at $480 a share. it's up $17 today. on semi, pfizer, moderna. 's la on that one, asml holdings and alphabet on the nasdaq winners' list. here's what's still ahead. canada's deputy prime minister quit. trump's tear writer -- tariff pressure building. alberta's premier, danielle smith, next -- shortly on the show. brian kilmeade will react to judge juan merchan refusing trump's bid to throw out his hush money conviction. christian whiton reacts to the white house downplaying concerns over the mysterious drones, and mike is coming up too. the 10:00 hour -- mike mike rowe

is coming up too. he's -- the 10:00 hour is next. muck i'm on my way ♪ .. cising these rights well. the founders of our great nation chose independence, as do we. hillsdale college accepts no government funding,

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