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. >> what everybody is concerned about is those winds once again whip up flames and we see more destruction. >> the hard work became more dangerous because the people in charge of levers of all these resources did not plan for an event that they knew could happen. >> every taxpayer in america, include colluding those in california, would like to tie this aid to removing newsom and bass. now. gone. not a dime until those who are whacked from their jobs. >> when we're talking about water, 50% gets flushed into the pacific ocean for nonsense like the smelt. that is just absolutely massive self-destruction. >> the supreme court said you

can't forgive student debt. i mean, this is an obligation of the student. and so what they do is they carve out all these little sections. this just adds to the deficit. >> i do think for the next few months or at least for the near term bond yields are going to drive stock the returns. >> with pete hegseth, i don't see a problem today. to i think it'll be a good hearing today, but it will be a contentious hearing. ♪ here comes the sun. ♪ here comes the sun, and i say -- ♪ it's all right ♪ stuart: i just love this song. here comes the sun, george harrison. just superb. and there's the sun shining in new york city on a clear and sunny day. don't you love it? cold though. 11:00 eastern time. it is tuesday, january the 14th. look at those markets. a turn around. we now have the nasdaq down a little bit. s&p flat to lower. just 100-point gain now for the dow jones industrial average. a mixed picture. show me big tech, please. they were all up, now they're

not. amazon, apple up. alphabet, microsoft, nvidia, down. the the yield on the 10-year treasury, that's a problem. look at it, it reached 4.80 a few moments ago, now it's backed off to4.79 but still elevated, and a lot of investors don't like that. now this. here comes trump. he will be president in six days. the world feels him coming. it is not a coincidence that this a deal to release the gaza hostages is imminent. trump says there will be hell to pay if hamas keeps them beyond inauguration day. they know he's not kidding and so does iran. does anyone believe they'd be released if kamala harris had been elected? no, they see him coming. same with the border. trump says he'll build -- he'll control it. he'll build a wall, he'll deport illegals starting with criminals. sanctuary cities and states are nervous. democrats have built their careers around sheltering illegals, and they've backed a losing proposition.

yeah, they feel him coming. china feels him coming. already reports they might sell tiktok to elon musk,. it helps that musk is trump's right-hand man. and they've got to be nervous about tariffs. china wrapped up a trillion dollar trade surplus last year. they've got to be worried about executive orders that drop six days from now. senator john barrasso says there's going to be shock and awe. china's listening. russia's worried about drill, baby, drill. during the campaign trump promised to cut energy prices in half in his first year. russia's economy is based on energy. they can't thrive on half price, discount oil. they feel the change coming. and what a change it is. biden on the way out. he made america look weak. trump on the way in, he's already oozing strength. the whole country feels it and so do our enemies around the world. third hour of "varney" starts now. ♪

stuart: jimmy fail a la on a tuesday morning, how can it get better than that. >> i'll say, well. stuart: i think the world will look very different this time next week, what say you? >> you opened with here comes the sun by the beatles, but what the world is experiencing is helter-skelter, okay? they understand daddy's back, okay? this is what people lost during the last four years. we lost sight of the fact that we are the world's most dominant i superpower. we have the biggest economy, we have the biggest military. for the first time in four years, we also have a president who's behaving like it it. hey, you're not going to rip us off. we're not going to strengthen our enemies by weakening our own energy production. so trump returning to the world stage and just leveraging the assets that we have as americans was the right thing to do. even the greenland thing, trump wants greenland for the minerals. biden wants greenland because he thinks the packers play there.

that's green bay -- [laughter] but the point is we're on the march, and it's good to be back. stuart: that's a good one. outgoing white house press secretary, karine jean-pierre, she struggled to answer question, who's going to lead democrats when biden leaves office. watch her response. >> reporter: so -- [laughter] a week from now it's all over. >> yes. >> reporter: between next monday and 2028 -- >> 2028? >> reporter: who's the leader of democratic party? >> oh, my goodness. wow. that is, honestly, that is for people much smarter than i, to make that assessment, that decision. i do not have a -- i cannot predict the future, so that is not something that i'm going to do from here. >> reporter: so no leader of the party. >> that's not what i said. >> reporter: well, it's not president biden and it's not vice president -- >> i'm regretting this right now. [laughter] stuart: why don't you chuck your idea into the ring. who's going to lead the democrats? >> this is a trick question. the donors.

that's who's going to the lead. she said somebody smarter than her? no, not smarter, it's somebody richer than her. that that's who picked the last nominee. that's who bumped biden off the ticket. apparently, the democrats thought democracy was the name of a drag queen that danced in kindergarten classes in california, because the donors had all the say. stuart: i don't know where you get all this stuff. >> i'm just here. it kind of brings it out of me. >> he's got the energy. stuart: i think we've got the videotape, the iconic moment when donald trump used a garbage truck to campaign in wisconsin. that garbage truck is going to be a feature in the inaugural parade on monday. do you think he will ride in it down constitution avenue? >> gosh, i hope so. i want him in the mcdonald's uniform in the garbage truck. he won by making the working hand feel heard again. it's a little bit of extra trolling for the democrats because it's a gas-powered vehicle. they hate that. [laughter] stuart: he's not going to do that.

>> no, he can't do that. he'll be in the limo and take the walk, all of that stuff. stuart: i imagine watching jimmy carter walk down constitution avenue. >> you know what what a lot of people forget is that's because of the gas shortage. they couldn't take the limo. they were being rationed -- stuart: that was 1976 -- [laughter] >> i know. we're having fun now, stu. stuart: we're going to watch you every weekend on "fox news saturday night," 10 p.m. eastern. thanks for being here. good stuff. back to the markets. kind of a mixed picture emerging here. we do have the dow now up 50, the nasdaq down 24. kevin mahn ifen joins us. let's what -- get big picture. make me some money. >> i think the beginning stages of the new year is a microcosm of what the markets will likely hold for investors overall in 2025. more short-term bounce of volatility and more muted growth overall. going back to 1950, stu, there

have been 9 times when the market hassal willed -- rallied by 20 or more in consecutive years. in 8 of those times, the market was higher the following year, only by an average of 3.6%. so investors need to be a lot more selective in the new year the find growth opportunities. stuart: wonderful growth in 2023 and 2024, but it does not continue at that pace finish. >> not at that pace in 2025, no. stuart: okay. what is your top investment theme for 2025? >> i would say my top investment theme is the continuation of the a.i. revolution. but investor shouldn't just lean into the semiconductor and chip space. also look to the periphery in the a.i. ecosystem. the data centers that we always talk about, and how about the cooling solutions that that those data centers need. i see tremendous growth opportunities ahead for those companies that provide the cooling solutions to the data centers. stuart: we talked about this. >> yes. stuart: because the huge problem with these data centers is

keeping them cool. >> that's right. stuart: i know somebody who is actually dipping the racks in some kind of fluid concern. >> yes. stuart: -- to keep them cool. it has to be. >> yes. and there's three companies that that highlight that opportunity. vertiv is one, comfort system is another and how about modine manufacturing? sock is up over 100 over the last year -- stock -- and it's got a forward pe of just 26. so relatively attractively valued. hvac company that supplies the cooling solution to data centers. stuart: wait a minute, vertiv -- >> yes, vrt. comfort systems -- stuart: yeah. >> ticker symbol fix, and the final one is ticker symbol mod. stuart: okay. and they're all going up. lauren: today. >> i believe they're -- lauren: nicely. stuart: they are, indeed. kevin, thanks very much. that that's good stuff. i'm really interested in data centers. i want to invest in them, make some money out of them.

>> companies are investing in them. stuart: you come back and tell me how to do it. you just did. thanks very much. lauren's looking at the moves. meta is down 2.5%. lauren: they're cutting 5% of their lowest performers. the ceo, mark zuckerberg, is clearly raising the bar on merit. don't care why you were hired. if you're not doing the job the right way, you're out. stuart: that's the return of meritocracy. lauren: he didn't say that, but i read the memo and his quotes, and it sure sounds like that. stuart: wow, what a nice change. d-wave. lauren: quantum computing. this is the next revolution. look at these gains. up 9%. so b. riley doubled their price target there. remember when jensen huang of nvidia said, look, quantum computing, it's going to take decades to be useful. b. riley's saying, no, it's already at a commercial level at d-wave, and they're not even -- they're using it, they're selling it even though they're

not yet profitable. stuart: quantum computing. we're going to have to get used to it. i remember you giving a very good explanation. i'm not to going to ask you to repeat it -- [laughter] las vegas sands. they're on the downside. lauren: stock's down almost 4. price target here is 51 is. it's prefrequenting concerns -- reflecting concerns in china and singapore. obviously, their price target is still higher than where the stock is now. stuart: thanks, lauren. california fires could be the most destructive in history. insured losses could top $30 billion, so who pays? we'll get into that. many of those fire-ravageed communities wan out of -- ran out of water, but our next guest found a creative way to save his house, with swimming pool water. pacific palisades' drentz patrick golling explains how he did it after this. ♪ ♪ investment opportunities are everywhere you turn.

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♪ ♪ stuart: strong santa ana winds are once again fanning the flames in california. fire warnings now in effect for hundreds of miles along the coast. max gorden is in pacific palisades. max, tell us about the auto fire, please. >> reporter: hey, good morning, stu. well, the auto fire igniting last night. a lot of folks concerned, of course, because of these dry conditions and high winds. the auto fire now 100% contained, firefighters keeping it to about 56 acres in ventura county near oxnard. and there are a lot of fire-fighting resources on the ground here in southern california. around 15,000 personnel here ready to fight the flames and ready for this pds, the particularly dangerous situation, that's going to be

unfolding today today into tomorrow. 45 to 70 mile-per-hour winds. there is a fear that more fires could break out and spread rapidly with these winds. now, where we are right now, we are in the palisades fire zone. immense scenes of destruction here. block after block, home after home, and the investigation into how this fire and other fires here in southern california started is now underway. the atf is here in southern california, specifically here on the palisades incident. 15 members are looking at physical evidence, they're conducting interviews, looking at digital evidence trying to to figure out how this all started, this inferno. this is indicative of how overwhelmed firefighters became. this right here behind this destroyed home is a fire station, a los angeles city fire station. it is still standing, but homes all a around it destroyed. you can just see this was

probably a very overwhelming fire fight for firefighters here as they tried to get the the flames under control. obviously, they could not, and so many communities here devastated by the palisades fire. again, the high winds today the biggest concern. folks here in southern california being told they need to be ready the evacuate if they do have those evacuation warnings and they see the flames coming, stu? stuart: max gorden in the middle of it, thanks again. one family in the pacific palisades area used water from their pool to stop their home from burning to the ground. patrick golling joins me now. patrick, how exactly did you use pool water to douse the flames? >> hi, stuart, good morning. thank you verying if me -- for having me. well, you know, we actually set up this equipment a few months ago. my dad had the best idea to utilize the pool water instead of a little home defense system. so we with bought a gas-powered pump, and we set it up to two

hoses, one hose ran the a sprinkler that we could set a nice window of space for it to douse the hillside, and the other was set up to the hose. and so we were there the day the fire broke out, we had it all prepped, and we just started dousing the hillside. we ended up bringing it to the neighbor's place, draining -- we drained about two and a half pools' worth of water and set up a little defense perimeter around by getting all the shrubbery and trees soaking wet and the roof. stuart: is this easy and cheap? can anyone do it? >> well, this setup was actually designed for our house because we needed a little bit more of a reach. so the pump that we had a little more high powered. we needed to reach the roof, we needed to reach the hillside. we paid about $3700 for our whole setup. i would imagine you could get a more affordable setup if you had

a smaller system for the house. but i want to stress one of the main things we did too was brush clearance. any dry brush we had cleared out of the way months prior to this. stuart: yeah. i wish the government had done something like that on a larger scale. >> absolutely. stuart: did your house and the neighbors who you helped escape the worst of the flames? >> it did, yeah. we were actually there til about midnight running the the sprinkler system for about five hours straight, and then we left and we came back the very next day just to the see that the flames actually encroached all the way up to our backyard, burnt some patio furniture, and it was really attempting to burn the trees that that we were soaking for five hours. the bottom of the palm tree was burnt, the top of the palm tree was not. i have to to say without every single drop of water on there, it would have gone up in flames. and then it could have potentially taken out the whole

block. stuart: it's just so logical, isn't it? you've got a fire around you -- >> it is. stuart: -- you've got a huge pool of water sitting in your backyard, why not use the pool of water to put out the flames? it's just a logical thing and yet i don't think many people did it. >> you know, stuart, one of sad things is from our house we have views of nice homes. we looked down and we see four burnt-down homes and three full, three pools full of water. stuart: oh. that's almost tragic, isn't it? >> sad. stuart: that is absolutely tragic. >> yeah. stuart: how long do you think it's going to be before your immediate area is rebuilt? >> well, i think, i think the first stage would be getting all utilities back and everything cleaned up, so i think that would probably take about six months til the infrastructure is back up. we're very lucky that we're on the top of the hill, and a lot of the damage is actually down, downhill. it was more downwind. so our immediate street would

probably be one of the first to be able to have habitat again. -- habitat. but all the restrictions put on building permits and all that, it's going to be a while. what i hope would come out of this is it's a little bit easier time to actually get the permits. but a little bit stricter op on the fire codes. you know, some drought-tolerant landscaping, perhaps even some water storage tanks with some built-in systems like this. i mean, currently we have all new homes require sprinklers inside. maybe there's some sort of exterior defense with spring iflers that will come out of this too. but the key is not to rely on city water. stuart: but, patrick, i would have to believe that serious change is coming to the permitting and rebuilding process. patrick, thanks very much for being with us this morning. very interesting idea. why not use your pool water? you did it. >> absolutely. thank you for having me. stuart: sure thing, come back. these fires could be the

costliest in u.s. history in terms of insured losses. ashley, how much are we talking about? ashley: could top $30 billion, stu. financial analysts at wells fargo securities released a report saying their base case for insured losses was $30 billion, but it could fall within a range of $20-40 billion. and within that total, about 85% of losses are expected to come fro from homeowners' insurance policies, 13.5% from commercial property and 1.5% would be personal auto losses. the report estimates that the average property values range around $3 million in areas affected by the wildfires. by the way, last week jpmorgan analysts estimated the insured losses could reach $20 billion which would make the southern california wildfires the most damaging in the state's history as would, of course, the $30 billion estimate by wells fargo. stuart: elon musk is helping

first responders with these recovery efforts. what is he doing? ashley: well, he is donating his starlink internet network to those in need of wi-fi. a nonprofit rescue group called gray bull rescue met with musk and first responders over the the weekend to help set up these devices. the rescue team says that the l.a. "cavuto" fire department -- county fire department have been asking for starlink for quite some time for expressly this type of scenario. but guess what? it's california, so the red tape got in the way. but musk says he will be doe can nateing cyber trucks to the fire-ravaged areas as well to be used as mobile base stations to provide power to starlink internet terminals. musk, by the way, also donated numerous starlinks to western north carolina after hurricane helene, as we know, left thousands of residents without power or internet. the starlink internet, satellite internet, stu, is -- [laughter] the us uses for it are wide and

far. stuart: and musk pops up everywhere. thanks very much, indeed, ash. you're all right. see you again soon. quickly back to the markets, a mixed picture. dow's up 20, nasdaq down 20. not much change. coming up, one blue state democrat wants to provide unemployment assistance to illegal migrants who are ineligible to work in america. how does that make sense? we will report on it. it seems like president biden's trying to rewrite history on the border. roll it. >> let's get something in mind about the border. when i became president, the numbers came way down, number one. stuart: what? in reality, southern border encounters went way up after biden took office. texas sheriff thaddeus cleveland has a lot to say about that. he's next. ♪ ♪

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wait, you all have agents? oh yeah. and on the servicenow platform, everyone's agents work together so everything works better. can i have agents? maybe. ♪ 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: on the the markets we have the dow up 30 and the nasdaq down 25. a mixed picture, not that much price movement so far. lauren's looking at the movers. you for the start with boeing. lauren: it's down. they delivered 348 planes last

year, a third fewer than the year before after that crippling labor strike. their european rival, airbus, delivered more than double last year, 766. ouch. stuart: here's a stock that kevin talked about just a few minutes ago, vertiv. infrastructure for data centers. lauren: correct. up 4% today, and president biden with an executive order to accelerate the building of next generation a.i. infrastructure. what he's doing is directing the departmentses of defense and energy, hey, lease out these federal sites to build a.i. data centers where we can. stuart: up it goes, almost 4% there. thanks, lauren. now this, donald trump will survey the fire damage in los angeles before heading to the d.c -- to d.c. for the inauguration. alexis mcadams a joining us if from west palm beach. is trump going to los angeles before the inauguration? >> reporter: hey, stu. well, we haven't heard exactly when the president-elect will go to california because he's got a lot on his plate not just here

in florida where he's had meeting after meeting, but also as he plans the inauguration in washington d.c. but his team says it's a top priority, to make that trip. comes as those fires continue to burn and trump continues to rip on california governor gavin newsom. he posted this earlier today on x from there if south florida writing this in part, hey, gavin newsom, release the water from up north. millions of gallons a day. what's taking you so long? as those fires burn, governor newsom taking time to speak on the pod save america podcast, saying trump is just trying to to cause trouble. listen. >> no empathy. no compassion. no capacity to even understand, just a guy who wants to be understood. and that's hard because a lot of people were misled, and it's, i think, led to a lot of finger pointing. >> reporter: so that visit would be expected to come after the inauguration next week, but it could come at any day.

s which is pulling in some big performances at inauguration a like country music star carrie underred woodth she's going to -- underwood. kid rock and as call flats joining in and, hey, wrestling star hulk hogan's not going to miss out, he'll be there too. >> i cannot wait for him to be sworn in, brother. [laughter] it's a new day, it's a new country, and we're going to make america great again because we've got a real american president, brother. >> reporter: so hogan is hyped up there. remember that garbage truck too, stuart, that was out in wisconsin? if we saw trump riding around in that days before he was elected as our president again. it's going to be at the parade if too in the nation's capital. that ride was trying to point out comments by president biden when he seemingly called trump supporters garbage. that didn't go over very well. now back out here live in west palm beach, we can tell you first responders who jumped into action and saved trump's life that day when he was shot in the

ear and nearly killed inside butler, pennsylvania, will be marching mt. parade as well. stuart? stuart: i wonder if mr. trump will ride in the garbage truck. i suspect not, but it will be in the parade. >> reporter: we'll see, you never know. stuart: you really can't tell, can you? alexis, thank you for being with us. local leaders along the southern border say their communities are starting to regain a sense of normalcy as trump prepares to take office. joining me now is sheriff thaddeus cleveland. sheriff, you just spoke to the house border security caucus. are they telling you thats, indeed, a return to normalcy at the border? >> hi, stu. it's great to be on with you. actually, they were acting -- asking me what the current battle rhythm was on the border. we talked about the last four years and, of course, prior to coming back to live here -- life here, i saw where president biden mentioned apprehensions went down. but, no, apprehensions actually went up. no, we talked about the current situation along the border.

the it was a great, constructive visit and really looking forward to the change of administration. stuart: are the hispanic voters who live along the border, are they very much in favor of trump's border crackdown? >> i can say they are 100%. and i say that not only from the my own community, but if you look at texas and how many border counties voted for president trump, one county down in stark county, texas, had never voted for a republican president, and it voted for president trump. you know, most of our hispanic population even though they call themselves democrats, they really are conservative at heart. stuart: okay. president biden claims that the number of illegal border crossings, quote, came way down after he took office. those are his words, came way down. look at this. in fiscal year 2021, border encounters -- border agents encountered more than 1.7 million migrants, four finals the number -- time times the number from the year before.

it seems like biden's trying to rewrite history. what say you? >> stu, where does he get the nerve? alejandro mayorkas and others have continued to lie to the american public about the border. look, i live on the border, i was raised on the border, and i served a career in the u.s. border control. -- patrol. and the highest ap e mentions we've ever had in our county was up 417 in fiscal year 2022. those were apprehensioned. gotaways were up 467% increase back in that fiscal year when you compare it to fiscal year 2020. so again, where do you get the nerve to say things like that? y'all have documented very well what's gone on along the southwest border with mexico. it's been unlike ever before. stuart: i think it cost him the election, cost kamala harris the election. >> certainly did. certainly did. stuart: sheriff, always a pleasure. we appreciate it, and we'll see you again soon. now this -- >> thanks, stu. stuart: i've got one blue state

democrat who wants to offer unemployment benefits to illegal imgrants. ashley, who is asking for this and what's their reasoning? [laughter] ashley: you cannot make it up. that would be washington state democrat rebecca a sal tan that. the state senator introducing a bill that would assure illegals living in washington state would have access to assistance. saldana had previously talked about how undocumented workers that made substantial contributions to washington's economy claiming they had a paid almost $400 million in unemployment taxes over the past 10 years. lawmaker says those who pay into the system should be able to rely on it when they need to. little fact, they are breaking the law. but i'll move on. democrats tried a similar move, by the way, in california but surprisely governor newsom vetoed the legislation. perhaps perhaps it was just a step too far even in california. stuart: a bridge too far, whatever you want to call it.

ashley: yes. [laughter] stuart: liberal critics going after an anti-- an active wear company for defending women in sports. they're calling shirts like the one you see on your screen, there you go, that's the one. they're showing -- like the one on your screen, they're calling it transphobe ific. the the brand's founder, jennifer sey, says there's nothing transphobic about protecting women's supports. jennifer joins us next. ♪ life is a highway, i wanna ride it all night long ♪

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indeed you do. our matching platform lets you spend less time searching and more time connecting with candidates. visit indeed.com/hire stuart: 2 hours and 11 minutes into the trading session, and we have turned south across the board. dow's off 50, nasdaq's down 68 points. treasury yields rising. investors don't like it. look at this, look at this t-shirt. liberal critics call clothing

like this transphobic. one editorial writer even compares it to the maga hat. jennifer sey is the founder of xx-xy athletics, the company behind that shirt, and she joins me now. jennifer, doesn't the shirt just point out there are two genders? that's it? >> yeah. there's two sexes. it basically states the the basic fact that sex is not a spectrum, it is binary. the writer actually says in the article with no proof that there are the myriad studies that show sex is a spectrum. that's not true. and the vast majority of americans know that. the funniest part to me is that this liberal rag of a newspaper wrote the headline which says, you know, our t-shirts are the new hot mess which is basically like a headline out of vogue on the latest trend, so i'll take it. i think they defeated their own purpose. but the main point i would make is no one cares anymore if you call us bigots or transphobes.

we're rejecting that. we know that men and women are different, we aren't afraid to say it, and the brand is a big part of that. we're only nine months old, but we're making a big impact. stuart: it is a political statement though, isn't it? that's a political statement. >> well, i don't think it is. i think it's a statement of fact. it's become political because for whatever reason republicans are the the only willing, the only ones willing the weigh in on basic issue of common sense. although there are women on the left and feminist people who have been very vocal about this. but it's the become politicized, but it's really not political. babe biology should not -- basic biology should not be political. so i stand by this is really a statement of fact. stuart: no, i do agree with you. this is from xx-xy athletics, that's your company. how are the shirts doing? are they selling? >> well, i am very grateful to the chronicle for publishing this op-ed.

it's been a real boost to to our business. i think it had the opposite effect. we have a bunch of new product coming. we also make amazing workout gear, performance product and it's all going like this. like i said, we're not even a year also, we're about nine months old, and i think we're punching above our weight class. and articles like this which have lost their power, i think cancellation has lost its power in the culture, have done nothing but grow our business. so thanks to the san francisco caron can cl. stuart: jennifer, i would say that that you have been vindicated. congratulations. it's great to have you on the show. come back soon. jennifer sey, thank you. >> thank you, stuart. happy new year. stuart: the confirmation hearings for frump's defense secretary -- president trump's defense secretary nominee, pete hegseth, they continue. ashley, any fireworks? ashley: i have. getting spicy at times, stu. there have been a lot of questions about hegseth's views of women serving in the military. listen to this exchange. >> what do you have to say to

the almost 400,000 women who are serving today about your position on whether they should be capable to rise through the highest ranks of our military? >> senator, i would say i would be honored to have the opportunity to to serve alongside you shoulder to shoulder, men and women, back, white, all backgrounds with a shared purpose. our differences are not what define us. our unity and our shared purpose is what define us. ashley: it also got a little testy when the democrat senator from hawaii, senator hirono, continued to ask hegseth about accusations that that he was frequently drunk at work. he tried to answer, she kept talking over him. so that didn't really go anywhere. she also asked him whether he would comply with an order to seize greenland or the panama canal to which hegseth replied, one thing the president is good at is never tipping his hand,

and i would never in a public forum answer that in this setting. and and then the hawaii senator finished it off by saying your no longer on "fox & friends" -- you're no longer on "fox & friends." i don't think you're prepared to do the job. just a little taste of what's going on this morning, stu. stuart: thanks, a ash. show me if the dow 30, get a sense of the markets. there's a bit more red than green and, sure enough, the dow is down 74 points. caterpillar on the upside to the tune of $5. the california fires have burned nearly 40,000 acres, entire communities have been destroyed. >> the entire town, everybody i know, i know more people in the palisades -- i've lived here my whole life -- that have lost their homes than that still have their homes. everybody i know. stuart: my next guest says this disaster has exposed the true cost of extreme progressive policies. the "wall street journal"'s allysia finley makes her case after this. ♪ ♪

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stuart: this is important and it's just coming at us. trump has announced an external revenue service to collect tariffs, duties and oil revenues that comes from foreign sources. tell me more.

lauren: like the irs, this would be the ers. because of unfair trade deals, he will look for ways starting on january 20th to collect what is owed the united states of america. i'm saying this as there's a report in bloomberg today that says trump's economic team is working on a plan with gradual tariff increases. you start between 2-5% per month, and you take it from there. so he keeps talking about tariffs. tariffs as punishment, tariffs to, you know, make things more fair. the u.s. versus other countries. but how do you go about doing that? these are some suggestions. stuart: here's how he's doing it and taking in the money. thanks, lauren. take a look at this headline, "wall street journal," how the left turned california into a paradise lost. gavin newsom promised to trump-proof the golden state. if only he'd fire-proofed it instead. allysia finley joins me now. your column reveals the lunacy of climate policies, specifically the attempt to

expand the fire access road near the pal a said. the -- palisades. the effort was stopped because of a plant which they removed because it's an endangered species. take me through this, just incredible. go ahead. >> right. so back in 2019 the los angeles department of water and power, which is the local municipal utility, tried to do a fire prevention project which involved the widening of an access road in the topanga canyon which right now is on fire and also replacing some wooden poles, utility poles, with steel poles that are more fire-resistant. well, some amateur botanist discovered that this endangered plant was supposedly removed and then complained to the california coastal commission about it, and therefore, the coastal commission went through more than a year worth of investigation, fined the utility for damaging the plant and then required the utility to do,

quote-unquote, restorative justice by increasing vegetation, native individualation, in the area and restoring the land -- vegetation, and restoring the hand to its original state. [laughter] stuart: i think you wrote that the authorities are trying to remove alien vegetation, but at the same time giving sanctuary to alien criminals who come across our border. i think the that's how you summed it up. but let me cut to the chase here. do you think there's going to be serious political change in california because of all of this? >> no. and you can already see it from the response. they're doubling down, denying that any land management or any other policies have anything to do with this. california, the do democrats, newsom, they're all blaming it on climate change notwithstanding the fact that the santa anas, we've experienced them for centuries and absolutely probably millennia. this is just the natural state. and, in fact, policies did contribute to to this, but they want to blame it on climate change because they want to

deflect responsibility for their own mismanagement. stuart: do you think newsom's going to be recalled? have i think it's too late for that at this point. he's up -- rather, his term expires in 2026. but i think there's a chance that rick caruso, who has made this -- ran for governor or, rather, los angeles mayor a couple of years ago, and he may run for it as an independent for governor in a couple of years, in 2026. and i think he has tried to lay bare that this problem is due to mismanagement. and i think this may actually, perhaps, drive some voter revolt in 2026. let's hope. stuart: is there any sign that the liberals are losing faith in this, with the climate crowd and really want to reverse these crazy policies? >> if only. the response that i got from my column is not encouraging on that. there's a lot of vitriolic, very vitriolic response calling me a moron and such, an idiot.

how dare you point this out. so they are very much doubling down on their climate policies. stuart: allysia, you manage to hit the nail on the head every time you write. allysia finley, "wall street journal." thanks very much. it's that time when we bring you the tuesday trivia question. and i know the answer to this. i guarantee i know this one. what was the last major league baseball stadium to install lights for night games? fenway park, angels stadium, wrigley field, dodger stadium? the answer when we return. ♪ ♪ ...

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stuart: i thought this was a good question because i think that i know answer. i know i know answer. what was the last major league baseball stadium to install lights for night games? since i think that i know answer i'll start. wrigley field in chicago. they were the last to install lights. what do you say, ashley? ashley: yeah, no doubt about it. i'm with you number three, wrigley. stuart: okay, lauren? lauren: clearly i'm wrong. i'll contradict at number two angels stadium. stuart: so let's see. let's reveal the answer. thank you very much indeed ladies and gentlemen. wrigley field, chicago. on august 8, 1988. it was decades after the rest of the league began playing night

games. people lived near the stadium resisted for years. they didn't want to have to deal with things like excessive noise, or drunk fans at night. deal with it. we're almost out of time but it was a very good show today and we did a lot. we looked at the markets. we've seen we've had a reversal. right now we've got the dow down 120 the nasdaq is down 111 points. that's it from us, but in three seconds, cheryl casone will appear on your screens. it's yours. cheryl: there i am, stuart, thank you so much. we appreciate it. we've got a lot going on we'll pick-up on what you're talking about with the markets. wall street is certainly bustling today, traders are pulling back from the early afternoon piece of our market coverage. got an initial boost from lower-than-expected wholesale inflation numbers. december ppi was larger than expected but the story changed. and now to the other side of the country. red flag wind and fire warnings are in effec