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neil: fox on top of the thanksgiving getaway. it is on, and the wicked weather that could be coming your way if it hasn't already. 80 million americans bracing as they hit the roads and skies but rain, wind and know across the united states already snarling some of those plans. plus, the plans to fill out the new trump administration. donald trump finally revealing others. we're -- bunch of others. we're keeping track of the road ahead to get his agenda through. and tracking a bitcoin blitz. the cryptocurrency could be on verge of hitting a new milestone. will today be the day it cracks 100k? we report, you decide whether, well, you want to buy. welcome, everybody, i'm neil cavuto. glad to have you. you remember that bitcoin trades 24/77, it's not like a stock. it could happen this hour, today, tomorrow, we're keeping a close eye on it. also keeping a close are eye on

the nasty weather. fox weather's kendall smith has more on that and how it is already snarling a lot of travelers. >> good morning, neil. that's exactly right. we already have some areas of concern as the thanksgiving holiday, the travel gets under way across much of the country. as of this hour we have about 9 9 a 15 draws -- delays across the nation and just about 30 cancellations told. d -- total. so where are our biggest issues? unfortunately, new york, jfk, 74 of the 1200 toflights are being disrupt inside some way or another as well as boston and san francisco. that's all thanks to that powerful storm system that has been blasting the west coast over the past several days. so if you're going to be traveling and, like you mentioned, neil, more than 80 million people are expected the travel more than 50 miles for thanksgiving, then you are paying close, watchful attention to this. and we've got not just one, but two storm systems that are going to be plaguing much of the country as we head into the week

of thanksgiving. so leading up to thanksgiving this first storm system, we'll stop this on monday. it will be blasting locations from the southeast all the way up into the ohio and tennessee river valleys, also impacting portions of the northeast. so unfortunately, some of our buzziest travel days which look -- busiest travel days, we could be dealing with nasty weather. speaking of wednesday, here's that secondary storm system that's going to be. that will be bringing us a round of m that will be impacting the rockies all the way into the midwest. so this is going to be a stronger storm system for thanksgiving and the day after. that system will continue to push its way eastward as we head into thursday, so notice a love of rain for -- a lot of rain for folks down south. hopefully, you're already at your family, your friends' house to celebrate with. out west though should be all right, no big concerns. heading into friday, so if you're a black friday shopper, we will be watching some lingering impacts.

there is going to be snow in the great lakes region and the intermountain west will be impacted. more rain likely to impact portions of california, so get ready for that. as we head into sunday though, this is the going to be, again, another really busy travel day for folks heading back, so we will be watching for concerns especially in the central part of the country. so rounds of moderate to heavy rain likely, also we could bg cs in the to zach mountains, a beautiful -- ozark mountains. unfortunately, might be dicey travel wise. also dealing with snow in the intermountain west. if you're wondering when the best day the travel is at least in new york, monday. also d.c. and chicago. and the worst day as well well, it does look, unfortunately, neil, as we head closer to thanksgiving. neil: you've been warning us, kendall. so we appreciate that. fox weather meteorologist. we'll be giving you constant updates throughout the next two hours. in the meantime, want to update

you on donald trump dotting the is, crossing the ts on virtual virtually his entire cabinet now. madeleine rivera has more op on how the cabinet is taking shape. madeleine? >> reporter: good morning, neil. president-elect trump made one of the most anticipated announcements yesterday. his choice of scott bessent as treasury secretary comes after days of uncertainty and reported fierce battle for the coveted role. trump saying on x, like like in past administrations, we will insure that no americans get left behind in the next and greatest economic boom. bessent is the founder of key square capital management. before that he worked on and off for soros fund management management which he joined in 9. bess sent had advocated for a 3 can x3x3 approach to the economy, and the idea to cut the deficit to 3 of gdp by 2028, push economic growth to 3% using tax policies and produce an

additional 3 million if barrels of oil per day. as the administration's top and economic -- top economic official, bess sent will be in charge of turning trump's campaign ideas into policy like tariffs. >> free trade has become unfair trade, and more and more working class whether it's americans, europeans, even south americans are rebelling against free trade. china is the most imbalanced country in the history of the world. and they are exporting their industrial policy, their economics to us, and donald trump has a solution. it's reciprocal tariffs. >> reporter: in the three weeks since the election, president-elect trump has nearly filled out his cabinet with four positions remaining open. but he had to scramble this week to choose another attorney general nominee after former congressman matt gaetz withdrew his name from consideration. gaetz says he didn't want to be a distraction for the incoming administration as he faces

scrutiny over sex trafficking allegations. trump has a new nominee for the role, former florida a.g. pam bondi, a loyalist when defended him during his first impeachment trial back in 2019. neil. neil: great job, madeleine rivera, in washington, d.c.. only a few more positions left to fill. you never know, could happen in the next couple of hours. charlie gasparin, charlie. what happened here in. >> well, you know, i told you yesterday it was hunger games. [laughter] neil: it was. >> it really was. and it was, you know, the full story hasn't been written. i'm going to effort to do that. it's hard to, like, get into all the -- in just a few minutes here. but howard lutnick wanted the job. he was the transition chief. he tried to push bessent out. he closed enough sort of -- caused enough sort of ruckus within the trump orr orbit to get the president-elect, donald trump, to consider other candidates. but, you know, here's the one

thing that bessent always had on his side, neil, and it was the realer? er in circle, susie wiles was a supporter, i believe don jr. was a supporter, i believe j.d. vance was a supporter. hay really believed he was the -- they really believed he was the most articulate and ardent supporter, much more than lutnick and, quite frankly, much more than the other candidates, kevin warsh and roh. wan. these -- mark rowan. all would be a huge n my humble opinion, step up from janet yellen who's been almost nonif existent in the biden administration really. these are real power players. and, but they were not -- they have not over the years expressed the sort of enthusiasm for what trump wants to bring to the table which is, essentially, what your reporter just laid out, that 3-3-3 strategy which includes, you know, trade deals

and using tariffs to be tough on trade partners. bessent articulated that the best. you know, when this thing is, again, finally written, i mean, usually you go into the white house when you don't have the long knives out against you. but, you know, i think howard lutnick's in a real precarious position right now inside the trump white house as he's the commerce secretary nominee. i mean, he really angered people on this, neil. i can tell you that he threw this thing into a sort of chaotic situation where the president, you know, hearing lutnick's -- and lutnick has, is close to the president, you know, raised money or, they're longtime friends. but listening to him talk about bessents and a loft of -- bessent, and a lot of the attacks, you know, i thought they were specious when when i heard them secondhand. in that this bay used to work for soros, which he did, but is did stan

druckenmiller. he did not support soros' post-retirement efforts to put in defund the police prosecutors. this guy is not soros -- neil: yeah. a lot of their association with george soros, to your point, go back to the early '90s when sor resource famously shorted the british pound, and anyone associated with him maand some f political planning and financing came years after that. >> absolutely. absolutely. and bessent had nothing today with that. and, you know, i really do think that, you know, in the hunger games that will be the trump white house. i mean, every white house has its internal9 battles. this is going to be interesting. but howard, from what i understand, i mean, i got a call from a senior trump transition official last night after they announced bessent officially. we, on your show, on your fox business show foreshadowed it would be bess sent. i it would you, you know, if i was betting -- neil: will there be, all these key economic positions, of

course, they are talking donald trump's book on tariffs and the wisdom of them, but you do have to wonder since that goes against sort of, like, the consensus tide that tariffs can go too far and it can lead to -- impositions can lead to depressions, but are they to a man and woman convinced that this is the way to go? will they take that cause for the president? because it could be a tough sell. >> yeah. we all remember -- the thought i was trying to finish was the long knives are out for howard lutnick, is what i heard last night. but to come back to your main point, yes, smoot9- smoot if holly was passed right before the great depression, a lot of people said that sort of stopped global flows of money and led to the banking collapse and other collapses, economic collapse that led ott to the great depression. and it came after the stock market crash.

you know, here's what i think that bessent knows and i think donald trump in his heart knows and i think j.d. vance knows because these are all smart people, and they've all worked on wall street. it's that tariffs can be used as a tool. and if you use them as a blunt instrument, you're going to quash -- there's going to be a real issue. and i think elon musk will tell him that. if you use it as a blunt instrument, you willl be, it wis off gdp. it will. neil: right, right. >> that's just the way it is. and if i think, you know, listen, i don't think there's an issue when you say, okay, we are going to deal really tough with china because of what they represent. you know, you could move your factories to vietnam if you have to. this gets crazy when you sort of do it across the board. i don't think they're going to go there. i think they're going to use it in a sort of systematic way --c- neil: like a cudgel, you know in

the best weapon is the one that is never used. we'll sew how it sorts out. charlie, thanks for getting up early. charlie gasparino gives us an update on this cabinet sufficient. you've heard about matt gaetz bowing out of the race for attorney general. pam bondi is now the president-elect's choice to handle that job. shed probably an easier -- she is probably an easier 46 cleared possibility for that office, but she still has the same agenda. what is that agenda? after this. the culture of the west. when the federal government started giving money to colleges, we didn't take it. that independence has allowed us to stay with our mission that we established 175 years ago. because we don't accept federal money. we are free to concentrate on the mission of the college. we care about freedom, and that affiliates us with the free institutions of america. (♪)

neil: pam bondi got the job, seems to be an easier pick for donald trump. what do you make of the whole thing? >> pam is a phenomenal pick. pam served 18 years as a prosecutor, 8 years as a attorney general for florida, did a phenomenal job. i look forward to confirming pam. i don't think she'll have any if problem at all. neil: all right, that does seem

to be the consensus building around pam bondi, donald trump's pick for attorney general after the matt gaetz nomination sort of imploded. following all of this closely, the hill white house correspondent. that seems to be a consensus developing, alex, that she'll get in a lot easier than matt gaetz, but she will have no less of a zealous role here. what will that be? the. >> that's right. i think we're going to see senators rallying around her because, one, she's not if matt gaetz. she doesn't have that same baggage. i think there was a sense of relief in the caucus when matt gaetz dropped out. and when bondi was named, we saw people immediately backing her from the likes of lindsey graham, markwayne mullin, they were saying this is a hat trick, a slam dunk pick and, of course, she has the qualifications. he was one -- she was attorney general? one of the biggest states -- attorney general in one of the biggest states, and she's a trump loyalist.

i think she's going to run the justice department in the way that the president-elect wants her to which could turn off some republican senators, but at this point i think a lot of them are choosing their battles, let's say. if they want to go after a pete hegseth if you're a lisa murkowski or susan collins, i think you let pam bondi through on this one. neil: all right, but she might be tasked with doing the kind of things that donald trump has wanted to see the justice department do, examine itself and the role it played in the 2020 the election and all the way down to that. >> that's right. neil: and then firing jack smith, of course, resigning before donald trump assumes office, but his team, again, based on what we're getting out of "the washington post" this morning, donald trump wants to get rid of all of them. so where is this headed? >> yeah. i think she would be the person to do what former attorney generals many trump's first administration didn't do for him

which was still look at the department like you mentioned. i think she's been somebody who's outwardly spoken about how she thinks the doj is weaponizing government and how there should be investigations into some of these practices. and i think with her at helm she will, you know, do what -- trump's bidding on that kind of thing. look at folks like who worked for swak smith, see what rank and file prosecutors are not onboard with the trump agenda and should leave, you know? what adversaries are within the justice department. and so i think this is all part of this broader theme we're seeing with a lot of trump loyalists like elon musk and vivek ramaswamy too from that outside council of just looking at the federal government overall and see, you know, what kind of mass layoffs or what not there could but also just what kind of internal sorting there

needs to be to look at, you know, what departments aren't being used in the way that they want them to be. neil: but does that mean as well, alex -- again, focusing on this washington post report -- that pam bondi will be true to her word when she said the prosecutors will be prosecuted and further, that the doj would, in fact, probe in much greater detail the 2020 election? >> yeah. neil: so are we going back to the future or back to the future past? if how do you know what aplays here in -- applies here? >> right. according to her word, and she has a history of looking at the 2020 election is and thinking that there's interference there. i think this is going to come up a lot in the senate hearings, that this is something that she's going to harkin back to to 20 to -- hearken back to 2020 and look at that or look towards the future and see what's next for the justice department. i think senators probably push for her to not dive too hard

into the former election but, you know, this is something that trump obviously has, you know, still feels strongly about. a lot of trump loyalists does, so i think her being the pick speaks to that that might be a focus. neil: we shall watch closely, or alex. great seeing you. the white house correspondent for "the hill." we'll be talking to andy mccarthy on this on how far pam pam bondi should go. if the department was weaponizing itself against its political adversaries. is the trump administration if potentially risking doing that in reverse? we'll explore that. in the meantime, what's going on with bitcoin right now. it was in and out of that high 98,000 level, touched a little bit north of 99,000 a coin. keep in mind that this has shot up more than 41% since donald trump was elected a little more than three weeks ago. what's it on track for now?

after this.

neil: all right, the legal team around donald trump calling a decisive win now that judge juan merchan is allowing the president-elect to file a motion to dismiss the new york criminal hush money case against him. that could delay his sentence indefinitely, if it ever happens at all. andy mccarthy is with us, fox news contributor, former assistant deputy district attorney. you increasingly get the sense this case is disappearing.

am i right? >> well, it has to disappear for four years, neil, because while president trump is in office it won't be possible as a legal or practical matter to proceed if against him. so it'll be -- i think the it'll be disappearing from our consciousness in any event because there's not enough time to get through the litigation that's on the table and impose sentence, enter a judgment of conviction and run with the appellate process before january 20th. so, obviously, it's got to be suspended. neil: yeah. and it is a little weird, right, where the judge involved says that donald trump and his legal team can go ahead and file a motion to dismiss the case. that's unusual, is it not? >> no. after people get convicted, it's common place to file a motion to vacate the guilty verdict. neil: okay. >> that happens all the time. what's unusual in this case, neil, is that the basis for filing the dismissal motion if

mostly arose after the trial. so, for example, the supreme court's immunity ruling came out a month if after the jury verdict. neil: right. >> and now you have this unprecedented situation where the defendant pending sentence gets elected president which i think everybody is trying to wrestle with the legal complications of that. because on the one hand, it's the law that federal courts usually won't interfere with stayed criminal proceedings, but it's also constitutional law that state officials and governments can't take actions that that prevent the federal government from functioning. so they're trying to grapple with these things. neil: and as you indicated, it's a state criminal case. enter new york governor kathy hochul who could conceivably pardon the president-elect, right in i mean, how likely is that? >> i think it's unlikely because the trajectory of this is that

they're pushing to a suspension for the four years while trump is president. it's going to be off the radar screen. and my own view is, you know, or five years from from now -- from now when former president -- president trump leaving office a will be 83 years old and a twice-elected president hopefully coming off a successful term as president. no prosecutor in his right mind would want to take that case. so i think it may go away then, but i don't think it's going to go away now. neil: separately, you're hearing this talk that the trump administration even though jack smith is leaving and wants to leave before donald trump assumes office, that the president and his team are looking at firing all of jack smith's team. i don't want even know if that's accurate, but can he do that? >> well, not really. i mean, he could get rid of political appointees. smith is a political a appointee, so if he was trying

the say he could be fired, but most of these other people are career doj people who have civil service protection. now, president trump is going to enter or reenter -- he did this executive order the first time around to try to get him broader ability to fire people who had civil service protection. you can always get rid of political appointees, it's the career people who are tough to get rid of. biden reversed it when he came in. trump is promising to reinstate it. but the second he tries to fire someone under it, it's going to court, and who knows how long it'll be tide up. i'm hearing the same thing, mass firings. it's not going to be possible. i'm hearing all this stuff about we're going the investigate the 2020 election fraud. there's law. you're not going to be able to bring 2020 cases in, you know, 2025, 2026 as we go down the road. so i think this is the kind of thing -- you and i hear this all the time. this is sort of the interregnum

between the election and the inauguration where there's a lot of talk, talk, talk about what's going to happen, and then i think january 20th comes and events start to happen and all this talk kind of dissipates. neil: so you don't think it'll amount to much. because, you know, pam bondi, of course, his choice for attorney general has said, and said so several times, that that it's perfectly proper to prosecute the prosecutors. is it? >> yeah. well, if they violated the law. it's very difficult to prosecute if government officials because the way the law works, you have a lot of leeway to prosecute, say, prosecutors and police. they may not do their jobs. and that harms public safety. so if for that reason, those cases are very difficult to bring. and it's really important to deny bad people the power in the first place because it's going to be very hard to prosecute them after they do stuff. so, yes, you can investigate people, and if it turns out that

they violated the law, that's one thing. but you're not going to be able to make a criminal case on jack smith or any of those other people. they exercise prosecutorial discretion. i don't agrescretion. i don't agree with a number of the charges that they brought and a lot of their legal analysis, but that doesn't make if it criminal. 9 that just means we have a disagreement. and, frankly, you know, trump is not going to be a two-term president. he's going in, he's only going to be a one-term president. he's got about 18 months to 2 years to get stuff done. if you waste your time on the stuff that's going to come to nothing, you won't get to do the important things like border security, crime in major cities in the united states where parts of them are unlivable. those are the things that you can actually make an impact on going forward, and i think they're going to need all the energy they can for that because they've got a very tight window to get stuff done. neil: indeed.

limited time frame, to pit mildly. andy mccarthy, have a great thanksgiving -- >> you too, neil, thank you. neil: we're grateful for your expertise all the time. meantime, we've got the former u.s. defense secretary under bill clinton, william cohen, a republican who was chosen for that job is -- job in a democratic administration. i wanter what a he -- wonder what he thinks of vladimir putin using missiles against ukraine. these aren't just any missiles, these are missiles that can fly at a feed of 8,000 miles per hour -- at a speed of 8,000 miles per hour, and they did into ukraine.s. what's next in that has near flush installation for the ultimate built-in look. save at lowe's now during our black friday buildup event in store and online. still congested? —nope! —uh oh. new mucinex 2-in-1 saline nasal spray. spray goodbye. aaaaaaahhhhh! new mucinex 2-in-1 saline nasal spray with a gentle mist

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neil: all right, no sooner had ukraine begun using those weapons that the biden administration said was free to use in russia, vladimir putin responded if with a multiple new missile attack on ukraine, at least two major strikes. we should point if out these aren't just any missiles, they are virtually impossible to be intercepted and fly in excess of to 8,000 miles an hour. david spunt on the back and forth on this from the white house. david. >> reporter: neil, unfortunately, techs continue to escalate -- tensions continue to escalate between russia and other nato countries. obviously, between russia and the united states given the fact that we are seeing increasing rhetoric. vladimir putin, the russian president, in a televised

address just a couple of days ago essentially warned those western countries and the united states about taking any further aggression into russia. he made the announcement that his forces struck ukraine with an intermediate-range missile that had nuclear capabilities. if now, ukrainian president volodymyr zelenskyy, who's been fighting off russia since the giant invaded his country almost three years ago, is grateful for his western allies. most notably, the united states who's pumped billions of dollars to help him fight off russia. earlier in the week ukraine got the green light from president biden to use both american-made and supplied long range missiles. ukraine hit a military facility inside russia. biden and zelenskyy have enjoyed a close relationship. zelenskyy now has the job to win over president-elect trump to keep the money faucet flowing so ukraine can continue to defend itself. many inside the republican party that are close to trump, neil,

say ukraine aid should be slowed down if not cut off completely. zelenskyy has expressed optimism if with the trump election. the president-elect himself over the past several years has said several times that he can end the war. watch this. >> before i even arrive at the oval office, i will have the disastrous war between russia and ukraine settled. finish if it will be settled quickly. [applause] if quickly. i will get the problem solved, and i will get it solved in rapid order, and it will take me no longer than one day. if i'm president, i will have that war settled in one day, 24 hours. [applause] >> reporter: there it is on tape. we'll see what president-elect trump does as the biden administration if continues to work with president zelenskyy as this president who's here this weekend continues his final weeks in office. neil? neil: got it. david spunt, thank you. donald trump and his plans the

end this in one day. william cohen, the former defense secretary under bill clinton. secretary, always good to have you. what do you think of that? how doable is that? >> well, the first statement that mr. trump made was inaccurate or false. he cannot take action and should not take action before he becomes president of the united states. he's still a private citizen at this point. but secondly, he could end it once he takes office by simply selling out ukraine and say i'm not going to supply the kind of weaponry you need to defend yourself. he's already sent that signal which has demoralized ukraine to begin with but also our nato allies. and and so while sending signals that you're about to undercut a country that wants to be free, that is a sovereign nation that has been invaded by the russians who committed an act of international, violation of international law by invading and then a series of criminal

actions of firing upon civilian hospitals, upon schoolyards and kids, raping women, kidnapping children, all of these charges, he's been violating the law and getting away with murder. and so at this particular point if president-elect trump says i'm going to set settle it day one, he means i'm going to cut off support for ukraine and, therefore, allow putin to -- [inaudible] neil: or, sec area -- i didn't mean to jump on you there -- it could mean that he's transactional, very successful businessman, he'll do something on a pragmatic basis to satisfy vladimir putin, some of the land he has taken in ukraine he can keep otherwise he's got to go. putin might buy that. what do you think? >> it's possible. it won't be done in a day. you can lay out a plan, that this is my plan and then see if you can negotiate from that point. i think what's taking place now with both the russians and ukrainians are trying to take as

much military action as possible to set the that table for, quote, negotiations once president-elect trump takes office. neil: you know, it's hard to know where this started, where it was when the russians -- whether it was when the russians were found to be using north korean troops, i believe up to 80-90,000 of them in ukraine, i don't know if that's accurate, secretary, that a got the response that zelenskyy wanted from from the white house, allow them to use weapons in russia. we did. and then right away you have this response by vladimir putin to launch icbms ukraine's way, so you can see where this escalation is going. where do you see it? [laughter] >> but putin has been escalating from the very beginning. he started off with invading, and then he goes after civilians, and then murdering them on a mass basis and then he is moving the ukrainian people into russia, turning them into russian citizens. and now what's handsome he's

been losing. he doesn't have enough teem -- people, so now he calls on the north koreans to come in and be his new fodder. what we've been witnessing, he's been weaponizing poverty in russia. he's now taking the poorest people in the giant country of russia, getting them to fight on the front lines in ukraine and then paying their families three or four times what that son could earn curl his lifetime. so what he's -- could earn in his lifetime. he's weaponizing poverty in his own country the carry out the war. so this launching of a long range hypersonic missile is not an evidence of strength, but, rather, his weakness. he can't cut it against ukrainians who have been far outnumbered but able to defend against him. and what he is showing is how weak his military is except for his missiles. neil: you know, you're a republican. your party has veered traumatically on this. it's almost as if democrats and republicans' views have been reversed with the democrats in

the position of wanting to do everything possible to keep ukraine fighting the good fight and republicans tiring of it. and that's expressed all the way up to donald trump. what do you think of that? >> what's the price of freedom? did we chait the costs when we decided -- calculate the costs when we decided to go against the nazis in europe or the japanese in asia? did we total up how much it was going to cost to defend freedom in and this is the issue that really all of my former colleagues need to consider, how much is the price of your freedom or that of ukrainians or that of the europeans, because putin is not going the stop with ukraine. he's determined to try to reconstitute the soviet empire under the russian flag. so if you say it's just too costly, we'll sell out the ukrainians who are fighting to the core to defend their sovereignty and their freedom, and we think this costs too much for that and we're prepared to give putin whatever he wants. he's violated the law, he's violated every norm, he's violated every international standard since the end of world

war -- world war ii, and we're prepared to say, well, going to cost too much for us to defend against that kind of bullying and tyranny and destruction. i think my republican colleagues will have to deal with that as they move forward. neil: i think that point of view needs to be heard in a fair and balanced way. william can cohen, thank you very much. >> thank you, neil. neil: defense secretary under william jefferson clinton. by the way, oil prices were jumping this week, i believe about 5% on the week. why some say this just could be a preview of coming attractions. after this.

neil: all right, these heightened tensions in ukraine right now with vladimir putin sending oil prices higher during the week, about 5% higher or, but there's something in president-elect trump's stack of cards that could change all of that. it involves a certain pipeline.

phil flynn has more. phil, what's going on here? >> the keystone is back, neil, or at least that's what donald trump's new energy secretary wants to get going, because he thinks it's the number one priority to renew energy security in this country. and really meet the demands of power in this country that's going to be needed. finish -- it's more important today because of the geopolitical risk factors. you saw what's going on between russia and ukraine, the increased tensions there. and we're already seeing an energy crisis start to develop in up. not only do they have a cold winter, they also have this increased tension, so we're going to have to bail out europe. and it's about time that the united states allows our infrastructure to be built so we can feed the rest of the world. neil: in the meantime, the demand for oil could be picking up especially in this country if things really pick up economically here,least judging by how wall street's doing that it will. then what? >> i think it's going to be a challenge.

and that's why we have to be doing an everything and above energy policy. you know, i hear from a lot of the critics of who donald trump is picking for energy, right? doug burgum is energy secretary. chris wright -- excuse me, he's the energy czar. chris wright is the energy secretary. but i think it's so great that we have people that have actually real world experience in oil can and gas and the rest of the energy sources. and and i think they're going to better position the united states' economy to come and prepare for the economy of the future which is going to demand not only a lot of oil and gas, but a lot of electricity, a lot of infrastructure building cans which is going to be great for the u.s. economy because i think it's going to add a couple percentage points to the gdp if we let oil and gas and power go to work. neil: yeah. all in on all types of energy as you always remind me, phil. thank you very much. phil flynn knows this market inside and out.

in the meantime, i don't know what you think of bitcoin. it's a rogue currency. a lot of people were pooh-poohing it, didn't think it had anywhere to go. right now it is hitting records day after day. it trades constantly. it's just teasing the $100,000 a coin level. then what? after this. here's something you don't see very often... elves not working and why not? i gave them the day off. thanks to weathertech. with so many gifts for everyone they won't have to work as hard.

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♪♪ neil: you know, yesterday was one of those rare days, you know, the dow hit a record. another record. all the major averages, s&p, nasdaq, they had an up week. but bitcoin approaching $100,000 a coin when only back in september it was trading around

45, 48,000 a coin, had people saying this puppy's off and running. is it? larry glazer, mayflower advisors. they rarely go in tan chem, but that's been happening -- tandem. bitcoin, gold, stocks have all been moving in the same direction. normally, they split somewhere. do you anticipate a split somewhere? >> neil, there's an old expression on wall street that trees don't grow to the sky, but you'd never know that looking at bitcoin this year. this is a leverage, deregulation and the trump trade. it's no coincidence that bitcoin's going up and so are interest rates and the national debt. that $36 trillion number is making record highs just as bitcoin is. so for many, this becomes a safe haven away from the dollar, an alternative currency, a place the park capital. look, it's going to be the top of the town on thanksgiving day tables. please pass the gravy, i'd like

some more turkey, have you seen the price of bitcoin since the election? [laughter] that is the story. neil: well, that would be better than arguing about -- that would be better than arguing about politics and people throwing turkey wings and all that. [laughter] let me get your sense of the bitcoin thing in particular. there's an argument to be made that it's overcome its rodney if dangerfield days where it had no respect because now central banks and countries are putting it in their reserves. a loe yours for all i know have it as a part of their portfolio. this past week they started trading exchange-traded funds and options regarding bitcoin. so it's been normalized and increasingly normalized, and that gives it for more of -- more of an air of respect. how do you see that affecting things? >> look, there's no doubt it's easier to invest in bitcoin than it was a year ago, and the so-called smart money is split on this subject, the j jamie dimons and warren buffetts don't see a place, but blackrock is

making a fortune on bitcoin. it's the fastest product launch in history. it's easier to invest in your brokerage account than their exchange-traded funds, and that is accelerating. so the cfa institute, some of the most credited -- credible entities for investors is recommending bitcoin for an allocation. whether it makes sense in someone's portfolio is a whole different story. look, it has no yield. it's similar to the conversation around gold. do you think gold has a place as an alternative investment or as a safe haven? this is your form of digital gold. but look, neil, i think my son has it best. he says, dad, if we put all of my college money in bitcoin, i wouldn't have to go to college dash. [laughter] and that a really is the issue here. how do we value this and how do we know what's appropriate for what stage in life. neil: real quickly, are you bullish on next year with, bitcoin notwithstanding? maybe just on the markets in general for next year? we've had an incredible year

thus far. >> no question. i do think the broadening out of the market, the trump trade benefits different sectors than the past three years. big tech isn't leveraged to the trump trade. small industrials that have been left behind, those will benefit from this. and health care stocks, they have a loud over them under the regulatory environment. so there's different winners and losers under different rules, but wall street loves one word and that's deregulation. and if you give another word, the it's going to be low taxes. so that is a favorable environment to very high valuations. so you need a very high growth rate to justify earning, but there are plenty of stocks that have not participated the last few years. those are catching seem. that's a good thing for broadening out for the rest of america to men benefit -- benefit from this rally. neil: got it. have a great thanksgiving, my friend. >> and to you. zero-clearance refrigerator that has near flush installation

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>> welcome back, everybody. i really hope you're not watching this show at some airport gate and your flight is delayed, but you know, viewers are viewers,