david: well, thank you for watching this special edition of kudlow. i hope you had a wonderful merry christmas and you can catch me co-hosting the bottom line in just one hour, right here on fox business, but first, edward lawrence is in for liz m. take it away, easy ward. reporter: doing every other hour it seems i appreciate it. i'm edward lawrence in for elizabeth macdonald welcome to this special edition of

the "evening edit." proposal to lower prices by increasing energy production includes boosting u.s. oil drilling, and lng exports, grady trimble said white house with more on the plan to "drill baby drill." reporter: edward there's excess supply of oil globally now expected to continue that surplus into 2025 according to the international energy agency, and as he gets ready to move into the building behind me, the white house, president-elect trump is looking to make good on his promise to lower prices across-the-board by increasing energy production, in the united states. >> we're going to have so much oil & gas and other things you won't know what to do with it. you'll say please, president trump, stop. we have too much. the prices are going too low, sir. i will direct every cabinet secretary to cut 10 old regulations for every new regulation, which i did last

time. >> [applause] reporter: despite president biden's green agenda, the u.s. set a record for crude oil production in 2024 and president-elect trump plans to set yet another record in 2025, so how exactly is he going to do that? well oil & gas executives hope he will ease drilling regulations, enact more tax incentives, lou interstate pipeline projects and reshape programs for drilling on federal lands and offshore areas. those are all areas the president-elect has hinted he plans to tap into, and trump is also expected to lift the pause on some exports of liquefied natural gas, or lng. the head of one of the largest natural gas exporters in the u.s. tells the "wall street journal", even with the restrictions the biden administration placed on the industry, "we still have global emissions that are skyrocketing." people are reassessing how we got here and the conclusion they are going to get to is we need

to build more of everything. that certainly seems to be the plan under president-elect trump and by the way, edward, a lot of his energy policy he can implement unilaterally through executive order so he can bypass congress, so we are awaiting day one, because we could see action immediately. >> it's going to be a flurry of activity in that first seven days of his presidency. grady trimble, live at the white house. thank you. >> going to be drilling as we say drill, baby drill. we'll soon unleash american energy and this will be done at levels not seen before, issuing quick approvals for pipelines, drilling and other infrastructure. >> i will end inflation very quickly. you know how we're going to end it? by drilling and drilling and drill, drill, drill. >> [applause] >> energy is going to bring everything back. >> joining me now for reaction, former labor department chief economist, diana furchcot, and former economic advisor to trump

judy shelton. first, judy, what do you think will happen in terms of the u.s. economy if trump rolls back the green agenda and energy mandates on day one or at least within the first couple of days? >> i think it will just boom. i love the whole program. it's this not just the lower taxes. the reduction in the regulatory burden is so important that there's nothing more cruel than bureaucracy. that is not responsive to the questions of people, entrepreneurs who are trying to do investment projects that will actually improve the standard of living, that will increase prosperity and result in more goods and services of all which helps to bring down inflation and so i think that the energy part of it is vital, and the whole supply side program is going to reempower the private sector and that will be beautiful for u.s. economic output. >> and those regulations, they sort of quash down on that

future investment. diana i want to ask you that you is a today writes trump's oil & gas plan is likely to, is unlikely to cut gas prices and fix inflation. do you think that's the outcome? >> i really think that president trump declared a national energy emergency for a reason. we have an energy emergency because automobile prices are too high, because of the ev mandate, electricity prices are too high, because of the incentives for solar and wind which increase electricity prices, and our jobs are going to china. we have high inflation, our jobs are going to china, and changing this is going to make a big change for ordinary americans who need low price cuts, they need low price electricity. >> and have it trickle through, so judy, is energy the key then when you lower gas prices, it takes to fuel to get products to stores and gas to make everyday two day deliveries.

oil to power some factories. you know, if you lower that cost will it trickle through to overall prices and if so how fast? >> oh, i think it'll be almost immediate because when you see that the future price is coming down, it is such a vital input for goods and services, just across the whole spectrum, but i also think that it's important to rollback the ev mandates. california has been dominating this whole climate change agenda. i'm from l.a. so i have a direct line to my family, most of whom still live there, about the folly of this "government knows best" approach and there are so many unintended consequences of the ev mandate not that we just don't have enough power to generate the needed electricity, but also, that the charging stations are inadequate and another unexpected consequence is these heavier vehicles are even posing

a risk to the existingt for thed the parking garages so diana i want to ask you about the ev mandates. the epa rules effectively requires automakers to make 54% of production in 2023 electric vehicles, and 16% hybrid ones. you know the market doesn't want the electric vehicles. the two mandates create inefficiencies and we saw that in the auto maker losses in ev's right? >> right, and it's 70% of battery-powered electric plus hybrid in 2032, so compared with 8% today. that's just a huge jump. these cars are more expensive. if you look at a

chevy silverado, it's $96,000 for an ev compared with about 46,000 for a gasoline powered vehicle. these are driving prices up. they are supposed to come on line in the mid-2030s when another epa rule would make power plants close because if they didn't sequester, or bury 95% of their carbon emissions, they would have to close, so it's a perfect storm for the future. more ev's on the road and power plants closing down with electricity prices going up. >> that's unbelievable, yeah, you think about those unintended consequences you make regulations for everything and then they collide together. you know, thank you, diana, judy, i appreciate it good discussion here. >> great to be with you. >> thanks >> communities promising to resist trump's mass deportation plan including some of the largest cities in the u.s. but some counties are being granted limited powers by i.c.e. allowing them to identify illegal immigrants already in their jails.

fox news brooke taylor in dallas, texas investigating what this means. reporter: we've seen the headlines and illegal migrant charged with a crime despite an i.c.e. hold. in many cases i.c.e. is never notified or in some cases, it's just completely ignored. here is a look at some recent cases in the last few weeks. illegal migrants who had to be picked up off the streets by i.c.e. after posting bond and released from jail. their charges range from rape to assault. in boston i.c.e. arrested an illegal migrant from el salvadorel salvadore. the court ignored it allowing him to post his bond and rome the streets so many are restressing president-elect trump's mass deportation plans some law enforcement agencies have been stepping up to help. in texas, "the rock"well county sheriff's office participates in a program called 287g. it allows jails to partner with

i.c.e. and trained officers can ask inmates about their immigration status. if someone is here illegally then the jail can notify i.c.e. >> it's another way to protect the public, because of going, you know, taking a suspect or someone who has committed a crime and making sure that they do make it through the criminal justice system. we process the inmate and it's up to i.c.e. whether or not they put a hold on them or come pick them up. >> the program essentially allows some local and state law enforcement officers in jails to have some federal power so that they can identify criminal migrants already in our jails. now, departments within 21 states already participated in this program. it's nothing new. been around for decades but under a new trump administration, more jails are expected to participate. back to you. >> thank you, brooke. we'll see how this plays out. this comes as the incoming border czar, tom homan reveals the dollar amount the trump administration will need to

start mass deportations. listen. >> it's going to be expensive in the beginning but in the long run it's going to save billions of dollars of taxpayer money. right now we're paying for free hotel rooms, free airplane trips, free medical care. the financial cost in our schools and the hospitals and trauma centers, and billions and billions of dollars and in perpetuity, and this operation will be epidemic expensive, bud resources and i pray that congress during the reconciliation period gives us a budget to do this with. we are talking about the biggest national security vulnerability this country has, $86 billion is a start. >> that's right he said $86 billion will be needed to start carrying out mass deportation so joining us is national border council vice president art del cueto. this upfront cost and then you remove the flying costs of migrants, the housing them. you heard tom homan say giving

them food, clothes as well as paying healthcare. does it balance out in the long run? >> how much money have we spent to defend someone else's borders is what we need to ask ourselves. is it worth spending money to defend our own borders and at the end, it's going to take a group effort at the same time. there's local sheriffs departments that have been very vocal about assisting and helping a lot of these individuals and helping so they can detain them and use their detention facilities, so i mean, if they have to help out some, as well and i know it costs money, but maybe what some of these local sheriffs are asking for to house the individuals isn't really what they need either. i've heard it up in excess of $300 a day that some of the local sheriffs have been asking to detain and house some of these illegal aliens getting arrested. maybe it doesn't take $300 but at the end of the day we need to ask ourself that question. how much money is too much to defend our freedoms to defend the future of america and how much have we already spent to

defend someone else's borders. >> art, as you know, certain democrat leaders are vowing to resist trump's agenda. for example, california governor gavin newsom reportedly considering ways to help illegal migrants before president-elect trump gets into office. what do you think about that? >> it's frustrating, because they aren't asking to help, you know, migrants. they are asking to help illegal migrants, so what they are actually doing and it shouldn't be anything to do with a political party. the drug cartels have lined their pockets with tons of money under the last four years. it's not about a political party but the future of america and what they are doing is trying to bring forth policies and laws to defend criminals. they are trying to come forth with policies and laws so there's no consequences for individuals committing crimes. i think it's very frustrating and angering and it is a slap in the face to the american public. >> and we're starting to see some of these crimes in very public ways. oregon's attorney general

creating a bilingual sanctuary toolkit in anticipation of trump's likely crackdown on illegal immigration. the toolkit includes questions such as , how do i prepare myself and my family for encounters with i.c.e. or federal immigration authorities, and is there a place i can call to report i.c.e. or other federal immigration authorities active in my community right now. i mean, it's working against what the nation wants, right? >> right. and it's frustrating because they aren't saying hey, we're going to have an area where you can report them if they are committing something wrong, right? which that should always happen. there's always transparency. if law enforcement commits, you know, some crime or they violate somebody's rights there's a process for that. what they are saying is they want to put together some kind of information as a heads up. pretty much as bad as the spotters are on the border, when they are, you know, doing spotting on the border patrol agents when they are trying to catch groups is what they are doing. once again leadership in

this country in certain areas, they are providing a playbook to help out the criminal to go against law enforcement that is just angering to actually see. >> and quickly in 15 seconds i want to get back to the numbers and the cost here. we had 9 million illegal immigrants encountered at the southern border. we don't have a total cost, do we, for how much that has already cost our taxpayers. >> they don't and again we don't have a total cost of how much money a lot of these groups are sending outside of the country. that's another thing they need to look at and whose making all of the money and whose getting the pockets lined. it's the cartels and enough is enough and the law is coming and we need to start enforcing our nations laws and has to be consequences for criminals and the crimes they are committing. >> art del cueto thank you for your time i appreciate it and your representation of those folks. good folks working on the border. appreciate it. >> thank you. >> i can proudly proclaim that the golden age of america is upon us. they are calling it the trump effect because even before

taking office, we're already bringing in the jobs and opportunity and safety and common sense back to the usa. we're bringing common sense. >> still ahead president-elect trump's inauguration draws donations from an array of blue chip companies and it's likely to exceed all past ceremonies in terms of fundraising, plus we have the details on the completely different christmas messages from president biden and president-elect trump, outkick host tomi lahren is here to react with all of that next on the "evening edit." confident. measured. ready. the markets, like life, will turn and challenge us. but when emotions run high, we stay grounded. with the hcm buyline, we work to empower investors, in navigating market volatility

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>> house speaker mike johnson fighting to keep control of the house as representatives are set to vote for the next speaker in the first day of the new congress on january 3rd. fox news senior congressional correspondent live in washington with mike johnson's chances. chad? reporter: good afternoon, edward. the first thing the house must do when the new congress meets is elect a speaker. no speaker nothing gets done until members choose somebody. some republicans suffer from political ptsd, after the house took five days to elect a speaker two years ago. >> i think we're all too familiar with what happened last

year, and 15 rounds with former speaker mccarty and we had a much bigger margin then. when one person can control the day you never know who that person is going to be. i don't think the speaker is worried about january 3rd and it'll come and we'll see what happens then. reporter: here are the rules. the candidate with the most votes does not necessarily win. the speaker needs an outright majority of the entire house, that's 218 votes, republicans begin the congress with 219 members. so, it's about the math. any delay could hamstring the gop agenda. there's anywhere from four to 10 house republicans who could oppose johnson. one of them is house freedom caucus chairman andy harris. >> i think the president, again, has not come out in support of mr. johnson since then. i think the president realized that if he's going to get his agenda through a majority in the house he needs strong leadership at the top. before the last couple of weeks, i was in his corner but now, we

should consider what's the best path forward. reporter: the house must vote repeatedly until it elects a speaker. the house was stymied for 22 days last october after it stripped kevin mccarthy of his gavel, and finally settled on johnson. edward? >> chad i think a lot of us have political ptsd , especially you, right. appreciate it we'll follow that drama on capitol hill. thanks chad. >> thank you. >> joining us now fox news contributor and outkick host tomi lahren. i'll want your reaction to that first of all. >> a lot of republicans, trump supporters, maga, whatever you want to call us, a lot of republicans out there are so excited for donald trump to be inaugurated on january 20 but they are also excited to have republicans in the senate, in the house, and we do have a little bit of ptsd from what happened with the whole mccarthy debacle and we don't have matt gaetz to cause any chaos but i'm sure there will still be chaos

and there's something about the republican party that's great because you have dialogue and disagreements that's what makes the republican party so special. everyone does not fall in lockstep. it's healthy. it's going to be incredibly beneficial for our party moving forward, but we do need to have some moments of unity, if we want things done and give donald trump the agenda he campaigned on, his mandate for the american people so i think all republicans are hopeful that while there might be conversations and dialogue, at the end of the day they can get everything together, and fall in line and let's get on the ground running. we need to. we don't have time to waste. >> exactly, you heard chad say nothing could get done until the house has a speaker so could this actually slow down the trump agenda in 2025? >> i don't think anything is going to slow donald trump down and i think the republicans and the house and the senate understand that donald trump is the leader of our party. i mean, he won and he brought so many republicans into the fold. campaigned for them, endorsed them and elevated the republican ticket so i think that john

thune as well as speaker johnson, whoever the speaker may be understand this is donald trump's party and the american people voted for donald trump so i don't think anything slows him down and he's already hit the ground running and he's not even president yet, so i have high hopes. we'll have hiccups along the way but this is an unstoppable force. >> companies are lining up to fund trump's inauguration and it's expected to exceed all past ceremonies in terms of fundraising, toyota plunging a $1 million donation on tuesday matching the amounts pledged by ford and general motors, silicon valley is chipping in, amazon, meta, open a.i. pledging $1 million while uber is donating $2 million. this is a far cry from the reaction trump got from the business world. why this dram at in switch do you think? >> well i think the american people made it clear, right? this is not 2020. woke is done. dei is done. the american people want to get back to work and these companies understand that at the end of the day their consumers are by and large the american

people who voted for donald trump so i think you're seeing an incredible vibe shift. no longer will they fall into the same trap of he's a fascist, felon, a russian asset, his tweets are mean. now it's like you know what? we want to get to work. the american people wanted this and if you're a smart business person, corporation, leader you fall in line with what the american people, your consumers want. run your companies, like a business, and you'll be amazed at the results. >> i think they are looking forward to that so now trump's merry christmas message included a claim that chinese soldiers were covertly operating the panama canal and called canadian prime minister justin trudeau the governor of canada suggesting the country should become the 51st state cutting their taxes by more than 60% receive military protection. what do you think about president trump trolling other countries here? >> that's exactly what it is. it's a troll. many people understand that he puts out messages like this often, and it doesn't mean we'll take other countries by force, so stop with

the hysteria. this is what donald trump does. the author of the art of the deal. understands america needs to be dominant again and the leader of the free world unlike our current absentee president so he puts out messages like this and of course, the left moan and they are so taken aback, but this is what he does and how he operates and it worked during his first term, with the messages to kim jong-un and others. it gets the world to fall in line with the understanding that america is going to be dominant again so yes sometimes they look at his messages and go hysterical over them but at the end of the day, you've cried wolf so many times it turns out the american people kind of like that wolf, so some of those folks will have to get over it. >> maybe we're seeing part of the art of the deal here play out even before he becomes president. tomi lahren i appreciate it thank you very much. >> good to see you. >> coming up, record holiday shopping season behind us. the amount of folks bringing back gifts, also about to reach record levels. we have mind blowing numbers of

the estimate of returns for this holiday, plus former house oversight committee staff director julian epstein on deck. president biden slammed for his 11th hour decision to commute nearly every federal death row inmate, a sentence this could include child killers and mass murders next on the "evening edit." >> he did it in a way that is a categorical change of the law that's for congress to make. it's an abuse of the power to use it that way. (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once, and get closer to iconic landmarks, local life, and cultural treasures.

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>> he did it in a way that is a categorical change of the law for congress to make and an abuse of the pardon power. >> do you think he was aware of every person and every single case that he carefully examined all their records and said yes i've come to the conclusion that despite these horrific crimes they should be pardoned? this guy is an absent president. >> two days before christmas i can only imagine the grief and the shock these families are experiencing as they get ready for the holidays remembering the loved ones that were lost and now having to deal with this sort of insult to injury. >> president biden facing ongoing backlash over his decision to commute the sentences of nearly every federal death row inmate including mass murders and child killers, and a post on truth social president-elect trump said as soon as he's inaugurated he will direct the justice department to vigorously pursue the death penalty to protect american families and children from violent rapists, murders, and monsters, ending with the post with, we will be a nation of law and order again,

for more on all of this let's welcome former house judiciary chief council under the clinton administration julian epstein. so what do you make of the decision by president biden? >> i think that it's an ill-considered one and thanks for having me, ed. look it's perfectly fine if the president has a moral view on the death penalty. i can abide by that. we can have that debate, but if he's got a strong moral position on the death penalty he should have gone to congress on day one repeal the federal death penalty. was there a doj process that was actually orderly that examined each case on a case-by-case to andrew mccarthy's point? hard to know the president does this in the darkness of night over a holiday weekend. if he believed this was a moral issue he should go to the public and say this is what i feel and this is the orderly process we're going to follow. the doj normally follows, where was all of that? we have no idea. what you get is a incoherent on top of those issues i just mentioned, a set of commu

commutations. he commuted some but not others. >> you're exactly right. i want to get into this too. so you're exactly right on that and we're not going to get an end of year or end of term press conference to ask these questions. i want you to listen to this. the daughter of donna major, the south carolina bank teller killed during a 2017 robbery was furious the biden administration changed the death sentence of her mother's killer. listen to this. >> i am upset that this is even happening. one man can make this decision without even talking to the victims, without any regard for what we've been through, what we're going through. i'm completely hurt, frustrated and angry. >> we're starting to hear from some of these victim's families. how do you defend this? >> i think it's very hard to. i mean the president should go out and give a press conference or address the nation and explain why he did this. how do you explain some

sentences were commuted and others there was a three and four-year-old boy killed and that person is on death row. how do you say that their case is deserving of a commutation when others aren't? how do you say, for example, the nine inmates that killed people while they were in prison should be given a hall pass on this. is that not a green light for them to commit additional murders in prison? i mean, at the best about this , edward, you'd have to say this was incompetently managed. this was poorly communicated to the public. the worst case scenario was this is another pander by the president to the far activist left and if there is one lesson we know from this biden presidency, the thing that drove its approval numbers into the ground was this repeated pandering to the far intersectional left, the activist left which is not popular amongst the american people but the best thing i can say about this was it was incompetently handled and poorly communicated to the public. >> i want to get into this.

biden has vetoed bipartisan legislation that would have added dozens of new federal judge positions in the coming years. the president threatened to veto the bill because he didn't want to give president-elect trump new appointment opportunities, according to one of the outgoing president's closest allies, so we're starting together see more behind the scenes dirty politics, like selling the border wall for scrap for $5 in some cases. judges veto was a bipartisan bill. what do you think, last 30 seconds. >> well, every single democrat voted for this bill back in the summer, and now, when trump wins, the democrats and the biden administration look like they were going to oppose it. if there's anything that hurts our trust in democracy it's this kind of politicization of the justice system. this looks like on the part of the democrats a cynical switching of the positions. judges have a bipartisan basis they need more judges to handle a huge caseload since covid and the democrats flip flopping on this just looks cynical. it's not a good look for a democratic party that has

pledged to be the leader on law and order and democracy. this is sort of just makes that look a little bit hollow. >> thank you, julian. we'll see where this goes i appreciate it. happy holidays to you. >> thank you, edward same to you. >> christmas 2024 is officially in the books but now the process starts of everyone running back to the stores to return unwanted gifts. our very own jeff flock is live from willowbrook mall in wayne, new jersey where he logged some steps, jeff? reporter: i'm in one spot now, edward. if you see behind me though, look at these lines. this is a line outside the jewelry store where in the beginning before christmas, it was all men buying jewelry for their loved one and now, that same loved one is back in line with them to return the thing that they really didn't want in the first place. oh, well that's the way it goes, and of course these folks are not alone. take a look at the number. it is pretty crazy when you talk about how much is returned each

year, $890 billion, national retail federation says, by the end of this year. that's about 17% of all of the stuff we bought in the first place, which is in some ways, an opportunity. there was one study by a data analytics firm that said 20% of people that returned things actually wind up spending more. but those returns all cost a lot of money and that same data analytics firm is called qlik. the ceo tells fox business, they can do better with data analytics and a.i. listen. >> i think the future of success in retail really comes down to the leveraging data analytics and a.i. it's a very tight margin business. we have the capabilities and computing power now. let's make use of it and turn retail into a data-driven enterprise. reporter: an of course all they need is all of your data. that's another problem, but

maybe if they had it, there wouldn't be as many, well, unhappy ladies in the line saying what the heck did you get me this for? edward? reporter: jeff i learned a long time ago to check with my wife first before buying jewelry. i learned that a long time ago. thanks, jeff. reporter: that's why you had one wife and i've had three but before you go. what can i tell you. >> i appreciate it. >> just the idea that cut your family off for thanksgiving. they voted for the wrong guy. >> hbo host bill maher with choice words there slamming democrats for cutting off family members during the holidays. elon musk said not to donate to wikipedia after it reportedly spent $50 million on controversial dei initiatives and journalists take on all of this , next. but first, let's check in with jackie deangelis and david asman to see what they have coming up on the bottom line.

david: thank you very much. we've got congresswoman beth devine coming on to talk about china. has china really taken over the panama canal and what can we do about it? we also have david webb about how we're going to dewoke our federal workforce. jackie: we are also talking to joel griffith from the heritage foundation about the fate of nippon steel that deal is pending and also, what's ahead for housing next year? then of course everyone's asking the question, will dei wash away in 2025, daniel cameron will be here, maybe he will have the answer see you at the top of the answer see you at the top of the hour. the fearless investor. the type a cpa. the boot strapper. the boot maker. hee-ha. but many do have something in common. we all trust schwab with our wealth. thanks to our award-winning service, low costs and transparent advice, every day, over a million multi-millionaires, trust schwab with more than three trillion dollars

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it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people.

>> remember him hugging nixon. >> so what. >> but at the time, you've seen -- >> that's so funny. way back when a guy who crossed lines politically. oh, the worst thing he could ever do, be friends with a republican? call 911! >> yeah. >> this is what i hate about the left. just the idea that cut your family off for thanksgiving. they voted for the wrong guy. >> that was bill maher on the club random podcast slamming democrats on liberals urging supporters to cutoff some of their family members because of their political views this holiday. let's bring in for more

journalist and author batya ungar-sargon. great to have you. first of all is bill maher wrong? >> you know, he's describing accurately an elite on the left. the vast majority of americans who vote for democrats, of course have friend whose are republicans, work alongside republicans, go to church with republicans. americans are much more united than divided which is of course what we saw on november 5, donald trump making a sweep of all of the swing states. we as americans are not divided. the elites are very very divided unfortunately on the left you have that elitist culture that says if you like donald trump, get out of my life. >> do you think we can ever get back to that civility, where we can debate the issues and then sit down for a drink or a meal? representative boehner comes to mind back in the day. >> absolutely you're already seeing like congressman ro khanna and senator john

fettermaner majority in who have taken a very civil tone about the incoming trump administration, meeting with his nominees for his cabinet and tweeting very positive things about some of the thins that the incoming administration is planning to do, so i think we really are moving in that direction. i think we've hit peak wokeness and turned the corner and the country is on a really good track. >> maybe we'll get a collective country hug out of all of this. so changing subjects i want your reaction. elon musk posted on x on tuesday, in response to the account, libs of tiktok urging supporters not to donate to "woke media" because wikipedia budgeted more than $50 million to spend on dei policies. what do you think of that? >> you know, elon musk is a polarized character. on the one hand he does really great things. he stands up to the woke over reach. he bought twitter and really invigorated conversation on the right and gave conservatives a platform which really changed the game because of course

the left had a lock on social media before that, but there's another side to him. his entire supply chain is in china. he just tanked a bill that had restrictions on investments in china and he spent the last four days advocating for increasing very much the number of h 1b visas and basically immigration into the high-tech sector, so you know, he has these two sides to him on the one hand he's very patriotic and great on free speech but on the other hand, he's very much in the pocket of the chinese and now it turns out he supports expanding immigration, not very maga if you ask me. >> we're going to see how this plays out thank you, batya, appreciate it. so coming up with the price of a new car, roughly $49,000, higher prices, higher interest rates could be presenting americas that bigger isn't always better when it comes to your next vehicle plus honda and nissan face a litany of difficult decisions about competing vehicles and overlapping u.s. manufacturing jobs.

madison ventures partner and chief strategy officer mitch roschelle on all of this coming up next on the "evening edit." confident. measured. ready. the markets, like life, will turn and challenge us. but when emotions run high, we stay grounded. with the hcm buyline, we work to empower investors, in navigating market volatility and complex conditions. we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation. so you can invest with confidence. visit howard c.m. funds dot com. liberty mutual customized my car insurance so i saved hundreds. with the money i saved i thought i'd get a wax figure of myself. oh! right in the temporal lobe!

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i was wondering if you had a quick minute to thank america's veterans for their service and sacrifices -of course, why not? -oh, sure. -absolutely. -sure. all right. well, come on in here. i'm just going to hit record on this. i would like to thank you from the bottom of my heart. i can't even think of the words to say of how grateful i am. i want to tell you guys how much, how much we appreciate. but most importantly, i want to thank you for your courage and bravery. wow. thank you. someone here who'd like to say something to you? oh god, you guys are awesome! someone has something they want to say to you. oh my goodness! how's it going? awe! so i will let you know how much appreciate it. how much we appreciate it! just feel honored, for everything you've done. thank you for myself, thank you for everybody. i get to live every day, you know, in peace because of you. a lot of people thank us, but we

want to take the time to thank you, honestly, for giving back. and when you gave to dav, you are supporting veterans like dave and myself. so thank you so much. thank you, you guys are amazing. thank you. thank you. you can say thank you to our nation's heroes, by calling the number on your screen right now, and giving your monthly support of only $19. say thank you by going to helpdav.org right now, and give just $19 a month. when you do, we will send you this dav blanket as a thank you and a reminder that you support those who serve please call or go online to helpdav.org right now. your support says thank you to our nation's disabled american veterans

>> new car can be pretty expensive a new research finds that persistent inflation shifted to come up the customers buying decision to go for smaller model vehicles and exported is live in thousand oaks california max. >> either come over the price of a new vehicle, is getting expensive nowadays and up there about around $47000 according to adamant a lot of buyers right now, they are thinking small this right here is the honda hrv, subcompact suv, this one right here is going for about $27000 and if you look past this vehicle right here, over the white one, the honda civic, pretty popular moderator is going for about $29000 in another compact vehicle there. and according to evidence, the sales have compact cars and suvs as well subcompact suvs sword in 2024, and come back truck sales shot up by more than 30 percent in 24 compared to a year ago car experts to the 2020 will likely be another hot your personal

cars meanwhile the market for some merger trucks and some suvs, has softened and admits data shows large pickup sales were down 1.9 percent in 2024, and midsized suv sales fell about 2.3 percent printed while the small cars and trucks and suvs have price conscious consumers some could soon get slapped with harrison president-elect trump is proposing 25 percent goods and mexico and canada some of the marcus cheapest cars are prison neighboring country think pay around $3000 more for when vehicles of the manufacturers continue to make them other countries but do those in the or industry, think the steep terrace could really happen and take a listen. >> i almost feel like the tariff discussion at this point, as part of a bigger lever and negotiating tool and do we have your attention yet. i do not know that there will be tariffs to death and if it does happen, i'm confident that in

manufacturing the banks that we will find payment point. max: but you do not have to look further than the window sticker, some of the vehicles to see where they are manufactured. this hrv, the one that is going forth 27000 bucks a month manufactured in mexico, when the models that could potentially be impacted if tariffs do come into effect. >> good weather conditions out there and was like and appreciated thank you for joining us now medicine steve strategy officer 20 think is that the price point mitch or is that the inflation that we've all seen gas prices in the past four years and what do you think that it is. mitch: i think is both there's also a big shift going on in the other industry the shift away from fossil fuels fully electric vehicles are hybrid which is probably the most disruptive force in the auto industry for five decades.

>> given let's have another thread terrace and possible merger with honda and nissan as well as with the means were jobs in america here, are you looking at other stocks then we concerned about it. mitch: auto stocks, you know have often been a pretty perilous investment endeavor perhaps the exception of tesla you consider that and other start another technology start and the reason is they are a big massive enterprises that have tens of thousands if not hundreds of thousands in plants and hundreds and hundreds of thousands of employees worldwide. it's a very expensive labor intensive business to run. so when you see a merger of japanese companies that are not exactly equals, you ask yourself, this is a good thing or bad thing for the industry. and i think it is going to be a sign of the times as more and more of these company's work in an effort to cut their cost. >> back soon seconds we have left, on the merger and you're

talking about the other market out there and there is not a ton of competition, any think this place out. mitch: i think that it plays out where there is going to be pluses and minuses but the market that the nissan and honda are focused on is not the united states is actually china think with her trying to do is to become the right size and efficient enough to compete with the chinese manufacturers for cells in china. >> and keep up with a tiny subsidies that the government keeps giving the carmakers thank you very much appreciated happy holidays and i'm edward in for elizabeth mcdonald think you for watching us on the special edition of the evening edit on foxbusiness and do not forget is that the dvr for us and you know what it is time coming up here, the bottom line and jackie and david and thank you for the next hour. >> thank you edwar