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tv   Varney Company  FOX Business  December 1, 2021 9:00am-12:00pm EST

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>> is a great to have something to have fun with? maria: coming to have fun with. >> i need chito's breakfast lunch and dinner with occasional broccoli, little did i know, it is awesome. maria: have a great day, "varney and company" is in. dave: we are kicking off december with a rally, the dow and the s&p and nasdaq all trading up in free-market activity. the 10 year is at one.38%. oil is rallying, safe haven gold jumping up 2.5%. healthcare workers across the
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country getting a big win, vaccine mandates for those workers, one judge saying indefinite states of emergency pose grave risks to civil liberties. the defund the police movement is dead in oakland. the mayor has not only reversed course that is hiring more officers. is this proof the move is that all over the country and chris cuomo is out as i'm sure you know by now. after it was revealed a deeper role the scandal ridden brother. nigel farage and mike baran, december 1st, 2021. the countdown to christmas is on. "varney and company" is about to begin.
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dave: got to love this song. a beautiful day in new york, first day of december of 2021. jim lowell, we get a nice recovery from the drop. a chronic losing its moving the market power earlier in the week. >> exactly right. it will be santa claus rally versus pandemic for the next several weeks. the little we do know about the new variant suggests to me it
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could wreak havoc on a day-to-day basis but long-term trajectory, whatever bad news and extreme measures may arise because of it. short-term investors, become a long-term investor in. dave: there seems to be pushed back for the courts, unlimited action by the government, states still do a lot of stuff that don't seem to be an overreaction to what is happening. the pushback on the mandates are encouraging in terms of limiting the power where there was over reach. >> the court is right to be exceptionally mindful of anything to do with short-term draconian measures.
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the right to make up their own decision i am fully vaccinated, makes me feel more comfortable going out in public, traveling, things i like to do but no matter what, new variant is nothing new. other variants go forward, we do so successfully. >> inflation is not transitory, we had a full admission, real active to cut inflation. >> recognizing that, fighting inflation and fighting tooth and nail, they are faring fine.
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the purchasing power, and - dave: love 401(k)s, your savings are worth a lot less during inflation. >> if you are living on fixed income of the fed doesn't seem to be a threat. dave: what a pleasure to see you, appreciate it. the us may be tightening its requirement for travelers entering the country because of electron. lauren is here. >> reporter: the president is expected to announce all inbound travel to the us be tested one day prior to departure regardless of vaccination status for the country they are coming from. it is not known if that means a rapid test. then a second test 3 to 5 days after arrival at a 7 day quarantine. right now there's no
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quarantine. that is mirroring what other countries are doing to get ahead of a cron. dave: we will see more of lauren for the next three hours. the biden administration vaccine mandates continue to take a beating. on monday a federal court halted demanding health workers and hospitals to get federal funding and two separate rulings by federal judges tuesday, one in louisiana and another in kentucky, after the band that is the biden mandates for federal contractors, let's bring in mercedes schlapp. what do you make of these decisions? >> reporter: this is what you are going to get. pushback on the legal side from the court basically saying the government has gone too far. we've seen this in november when you saw a federal appeals court saying you can't move
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forward with sweeping regulations biden put in place that would require the vaccine mandate or they would be fine. we see what is happening in other courts. this is a role of congress, not the executive branch by the biden administration with vaccine mandates, putting enormous stress on healthcare workers and generally on so many employees across the country and you will see more of these lawsuits continue to happen. the big question is what is the supreme court going to do? dave: what will the biden administration do? they acknowledge these court decisions, they don't seem to have been rolling back the mechanism for rolling out these mandates. >> when you listen to president
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biden, the administration is struggling to control the pandemic, what the south african president said, you got to live with this virus. it will create disruptions in the economy but we got to deal with it as opposed to create panicky mode, where do we put travel restrictions in certain countries, add more vaccine mandates, blaming the pandemic on an vaccinated individuals which creates them to not to want to get vaccinated if the government is telling them what to do. it is a pressure cooker right now for the biden administration and they really do not know how to get out of this pandemic and they need to change their messaging. dave: the courts don't like it.
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one of the three decisions this week, other decisions as well, almost all of them are against the mandates. it is an abuse of the executive authority the president has according to the courts, the people don't like it either. it is interesting, from states that don't have the vaccine mandate. >> so interesting because this is a big question. lebron james tested positive for covid but was fully vaccinated. how effective are these vaccines? they don't get hospitalized or die from them, it was a positive development done under donald trump but at the same time there are questions, the moderna ceo saying we need to come up with a better vaccine to deal with the electron variant. they stay focused on individuals making the best decisions for themselves,
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keeping their family safe as opposed to forcing vaccine mandates which have been harmful for the mental state of the country. dave: the question of how effective it is. it is effective medically speaking but how effective a mandate is in forcing people to get the jab itself. it doesn't seem to have helped. they are off of the 70% goal they had for last july of the biden administration. >> the message needs to be not just vaccines but therapeutics, personal voice that individuals need to decide what the best thing for them, i think we are still learning. this pandemic is evolving and i don't like how it has become a blame game of trying to divide our country between the vaccinated and the unvaccinated people as opposed to find a way to say these methods work,
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these approaches work but you are seeing cases, the cases are rising. there are a lot of questions that need to be answered in doctor fauci has misled the american people in continuing to change his messaging which is why he lost the trust of so many of us. dave: we have to have you back for that one. it is the beginning of advent. have a wonderful holiday season. let's look at pfizer and biotech looking to expand use of their booster shot for obvious reasons. >> they asked for 16 and 17-year-olds, anyone can get one over the age of 18. the fda can approve the request as soon as next week so here we are. companies and the government acting to make sure everybody is fully protected against the variance. dave: both of those stocks are
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down. biotech did have a little pop so we will see what happens. here are the futures, all up significantly again, moved in a positive direction by a cron at least for the moment. they are up one%. nasdaq is higher than the other indexes right now. you know him as doctor has but he hopes to add a new title to his resume, united states senator. role tape. >> americans deserve better solutions, doctors are about solutions but instead people with good ideas are shamed, silent, bullied, canceled and in medicine if we can say what we see people die literally. dave: he had something specific to say about a cron. we have the tape coming up and should you hold off on getting a booster until there is an a cron specific shot? we get an answer from doctor
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marty macarrie after this.
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first psoriasis, then psoriatic arthritis. it was really holding me back. standing up... ...even walking was tough. my joints hurt. i was afraid things were going to get worse. i was always hiding, and that's just not me. not being there for my family, that hurt. woooo! i had to do something. i started cosentyx®. i'm feeling good. watch me. cosentyx helps people with psoriatic arthritis move, look, and feel better. it targets more than just joint pain and treats the multiple symptoms like joint swelling and tenderness, back pain, helps clear skin and helps stop further joint damage. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis.
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an increased risk of infections—some serious —and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. dave: i love that. think of the movie when that song comes on, has been used for a dozen movies. a big tech. there, let's check futures, good day for the markets. i get both sides of the markets. the dow is up 322 points.
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the s&p more than that percentagewise, and the nasdaq about the same percentage as the s&p up 208 points. markets open in 15 minutes. in a report revealing cases of omicron were in europe before being detected in south africa. let's bring in doctor marty macarrie. do vaccines at natural immunity work against the omicron variant? >> we have every reason to believe the answer is yes. what you do is take the gene sequence of omicron and create a computer-generated shape of the spike protein and with the computer model you can tell if there is binding. we are hearing from the modelers that it would be effective and pfizer has come out and said that. astrazeneca said the same thing.
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moderna is the only company that put out a statement that is creating a lot of anxiety, the ceo said the vaccine might be significantly less effective. most of us don't believe that. 90% of that spike protein is identical to a previous stream. remember the track record, none of the previous variants have evaded natural vaccinated immunity. dave: a headline says omicron variance says policymakers scrambling as science legs behind. letting science lead, science is lagging behind a lot of policy decisions about omicron. >> if you look at the head of the south african medical association, she said, quote, there's absolutely no need to panic. i wish she was one of our public health officials in the united states.
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that the kind of scientific reasonableness people are looking for. look at the massive over interpretation of the data. you had a doubling of tests in south africa and the 60% increase in the positivity rate. the positivity rate adjusted free the number of increased tests went down during omicron. it is in 21 countries around the world but there's massive massive fear that has come out of it. new york is shitting elective surgery. dave: has that been turned around? have you closed elective surgery? >> the real story in new york is they don't have sufficient staff because they ignored natural immunity and basically saying we've got to reduce capacity, they make it sound like we are preparing for omicron. as the using it as an excuse to cover a policies that led to 8000 healthcare workers leaving
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hospitals. he addressed himself to these issues, play the tape and get that. >> the incredible authoritarianism, overreaching that did not make a safer, people with no yards to stay indoors, that's where the virus was. they shamed people about beaches and now they threaten the same overreach with omicron. i think those choices should be yours, the american people's. dave: you agree with doctor oz? >> everyone has different risk tolerance and shouldn't assume every american has the same risk tolerance doctor fauci and doctor wolinsky, we never recognized the risk is not equally distributed in the population of young people. the risk if you're fully vaccinated, a breakthrough
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hospitalization is one in 25,000 per week using numbers from the cdc website. i'm okay with that risk but we see this indiscriminate push that everybody must get a booster even if they are young, healthy and had the reaction in the past, this is to be recommended for those over 65 or older people with risk factors. we see this kind of indiscriminate authoritarian paternalism. we saw it in many areas of medicine and now it is coming full force. final point. doctor oz is a surgeon, highly respected cardiac surgeon. we can use more surgical thinking in this pandemic. dave: appreciate it. the incoming chancellor of germany is looking to crack down on covid. that includes making vaccines mandatory. >> reporter: reportedly set to do that, in february, it is mandatory austria. up 58% and it happened this
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morning. the european commission president called for a discussion at the eu level whether mandatory vaccination is needed. politicians are desperate to keep their country as open as possible. dave: doctor oz and doctor markcarrie say they are reacting to what happened with delta which may not be what happens with omicron. lauren: hopefully you get that herd immunity and move on. dave: let's check the futures. you can tell, up 300 points, s&p up more percentagewise, nasdaq identical, one.19%. "the opening bell" is coming next.
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the history she writes in her clear blue skies. the legends she births on hometown fields. and the future she promises. when we made grand wagoneer, proudly assembled in america, we knew no object would ever rank with the best things in this country. but we believed we could make something worthy of their spirit.
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dave: let's check the futures. they are all in the green. a good way to start the first of the month. eddie bore, you've been bullish but not a fan of buy and hold is why not? >> the main reason why, the market is sending a clear signal, what we've been trying to infected -- educate you about 4 months, this economy is heading into a different cycle over the next two quarters. if you look at what the setup is. we had peaked economic activity, gdp celebrating. if you look at that framework that is the opposite of what we've had the last 18 months. as an investment advisor you have to be active, what work the last 18 months will not work moving forward.
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dave: what kind of sectors if it works out the way you play it, what sectors would you be ready and willing to transition into? >> one of the biggest moves was on the seventeenth of november, our oil exposure, the biggest bullish case this year, we raised cash and looked at next year, some of the things you can look to get into from real estate investment and utility, and low beta and higher-quality companies so quality in balance sheets matter more next year because they didn't matter this year because of the was more of a reflation a trade. 's mac gold but not crypto. >> have a double digit correction in the market for the first half of next year cavuto will take the biggest hit in our opinion from a volatility perspective and at that time we would potentially
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enter into that base for our clients but we are not in that and - dave: oil will not get a spike? i see prices going up but you don't, they are as high as they will go. >> they hit the near-term high, we are not going to break through the highs in the near-term. long-term it is going up. the next few quarters, there will be range bound with oil. dave: great to see you. the ringing bell opening the markets. the market on the dow opening up primarily in the green. salesforce in the red. the markets are doing quite well, when the markets are absorbed about all they need or can. it did scare everybody on friday and earlier in the week. the markets are going to calm down.
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and it is up 53 points, and showing big tech. all-time high for apple right now. nodding his head. >> it is up 2% to 3% and rough to safety. apple has a solid cash business, $83 billion when you get into that, so many unknowns about omicron. dave: another tech stock, >> >> sales coming out ahead of wall street forecasts, cybersecurity, growing cyberthreaten web bush called
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the machine, best play in the security space. dave: with all the green on the screen, a little bit of red sales force. >> heading into the end of the year. salesforce is usually conservative with guidance but the big story and this was the announcement of brett taylor. the co-ceo a day after brett taylor was named twitter's independent chair, leaving the $20 billion slack acquisition and taylor had a big job on both sides. dave: a new policy on photos. you were saying jack dorsey. everybody thought he was the big censorious element in twitter but it may be more censorious now.
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>> jack dorsey is delegating a lot to executive teams, doesn't change the investment business. dave: seems to be playing out that way. tesla, a chinese think tank on china delivery. >> the headline flashed as tesla in the china factory was on track to turn out, 5000 deliveries but overhead to correct the think tank, the headline, that quote is in accurate. tesla said the shanghai plant could exceed 450,000 deliveries this year. i remember shanghai not only produces cars sold in the chinese local market which is the largest car market in the world but those cars are being exported to europe and to get approval up and running this month it is all systems go. dave: adore theash getting an upgrade. >> with fears of more lockdowns
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and travel restrictions including a 7 day quarantine with any returning international travelers, it is worth buying $217 could benefit people being homeless again and especially cheaper valuations because door dafter 20% since november. if you're stuck at home you don't order delivery in. dave: goldman and amazon are teaming up. >> very interesting big tech is getting bigger when it comes to financial services and that is the trend for companies like apple who teamed up with goldman. the amazon web service is the dominant cloud provider teaming up with goldman to offer market data and software tools with asset managers. the service will help managers get more information for better things in a shorter time. imagine if amazon gets bigger in financial services data.
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these - dave: data pool could be extraordinary. amc, great news for retail investors, maybe doing it for the short-term but amc had their largest day of ticket sales. >> you take me to the new spiderman movie? you are that type of guy. a big reopening story, forget about omicron, the biggest day of ticket sales for ethical title since the reopening. spiderman no way home on november 2, '09, the second biggest advance sales for a movie in history. what does that say about the recovery and reopening and the consumer? i think 2021, amc started as a meme stock. i think amc has proven they did the right thing, raised cash during that time, now business is recovering. dave: smart move.
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krispy kreme is down 2.5%. they were just downgraded. >> this will not surprise you, talking about cost presses including having to pay higher labor costs, less donuts sold and goldman says krispy kreme is worth $14 which is where we are right now. dave: still love their product. let's look at the dow winners. looking at caterpillar, united health, travelers, merck is up as well. >> recommendations for fda to approve the merck covid drug. dave: pfizer has one as well. s&p winners, the farmer -- pharma is doing well 5% during restaurants. >> darden restaurants - dave: micron tech and microchip, the chip industry is
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going through extraordinary moves because of the supply chain shortage. are you a fan? >> i'm a huge chip fan. intel is a lag, nanometer technology but in the chip shorter, the global supply chain crisis everybody needs that. dave: here is a look at the big board, the dow has come back from its opening start but is up handily at 224 points to the upside. looking at the yields and the 10 year treasury to 3.6 basis points, almost 1.5%. gold is up $9.20 an ounce but still below 1800 trading at 1785. bitcoin is up below 60,000 but it is a little bit up a little bit, $1,000 a day is a little bit for crypto. crude oil is trading up 3%, concerns about omicron listened today as a result of that.
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don't you hate to be dependent on opec, we went for two years without having to worry about opaque, natural gas is down and that is good news for people who heat their home with it. the average price for a gallon of regular trading at $3.39. that is the average. in california it is all the way up to $4.71. some places above $7. speaking of california crime in california out of control. look at this. two men, this is horrible, caught on camera mugging a mother and her baby in broad daylight going after the mother with her baby in the carriage. it is extraordinary. chris cuomo is finally out at cnn but why did it take the network so long, months, to
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give him the boot? howard kurtz said cnn only has itself to blame, easier to break it down in the next hour. attacking conservatives on twitter, calls fox news state sponsored propaganda. we are not state sponsored, we are sponsored by you, the folks who watch us. president biden wents her to oversee the media in this country. does that make any sense at all? that story coming up. stay tuned, we will be right back.
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hi, my name is cherrie. i'm 76 and i live on the oregon coast. my husband, sam, we've been married 53 years. we love to walk on the beach. i have two daughters and then two granddaughters. i noticed that memories were not there like they were when i was much younger. since taking prevagen, my memory has gotten better and it's like the puzzle pieces have all been [click] put together. prevagen. healthier brain. better life.
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hi, my name is tony cooper, and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you are covered for hospital stays and doctor office visits but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and coinsurance. but they often have higher monthly premiums and
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no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospitals stays, doctor office visits and your original medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. in fact, in 2020, humana medicare advantage prescription drug plan members saved an estimated $8,400 on average on their prescription costs. most humana medicare advantage plans include a silver sneakers fitness program at no extra cost. dental, vision and hearing coverage is included with most humana medicare advantage plans. and you get telehealth coverage with a zero-dollar copay. you get all of this for as low as a zero-dollar monthly plan premium in many areas; and your doctor and hospital may already be a part of humana's large network.
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if you want the facts, call right now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you could save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare. dave: great music today we love glory days. we love jacksonville beach,
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florida, sunny and 60 degrees, probably going to get into the 80s. not bad in new york may get up to the 50s. it is the first of the summer. let's check the markets on the first day of the month. the markets are doing great. the dow has come down from its opening down 270 points to the upside. s&p up 50 points. nasdaq is up 163. a great day for the markets. more than a modest recovery. let's check the cryptos. you can get real-time crypto prices for the largest cryptos by market value on foxbusiness.com. if you're interested in cryptos you need go no further than foxbusiness.com. speaking of cryptos let's bring in matt hogan, thank you for being here. is crypto out of the dark alley? is it fair to say that? >> it is out of the dark alley.
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it was a short dark alley, a small pulled back with the risk off rally. we are well set up for the end of the year run. we have concerns about inflation driving the bitcoin market, nfts in the meta-verse driving the ethereum market. others are following along. we are in a bullish set up for the end of the year. dave: what about the externalities, what is happening in china and india, trying to bankrupt ohs, does that affect the price in any way? doesn't seem to have. >> that is helping boost the price of ethereum. one thing we are seeing in those regions of people moving money into ethereum so they can operate on decentralized exchanges as government shutdown the savings, people will find a way, people around the world wants to use crypto. they want a new monetary system, a new financial system and we are seeing a positive pressure on ethereum as a result of those clampdowns. attack dave: when governments try to
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suppress markets it is like a balloon, push one place and it pops out another. >> exactly right. what is the old adage, the best investment strategy is to invest in anything china bands. we see it again. dave: let's talk. the age old question as old as cryptos. when will they become currencies? i know about el salvador experiment and i've seen el salvador experiment with a lot of monetary policies including the us dollar, when will we actually see it begin to replace national currencies if at all? >> it will be a while in the us, a longtime similar to how we don't use gold in day-to-day transactions but it is an important tool for escaping inflation on the dollar. i think bitcoin is going to fill that world. the thing about currency use we are seeing it but it is
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contained within a new and rapidly glowing digital world. people are keeping money and ethereum because they want to buy nfts and participate in the meta-verse. in the digital world ethereum and bitcoin and other crypto assets are currency, it is going to be a while until we are using it day-to-day. that they may come but even before that there are huge opportunities, huge growth as an inflation hedge, fundamental underpinning of new financial economies. that is still to come. it would be nice if we get there but in the meantime there's a lot to be excited about. dave: the bottom line about currency is everybody wants it, the dollar i earned today, i said to be sure it is worth the same a week from now or a year from now and that bothers us about what the fed is doing. we have no guarantee at all that it will be that way with
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the dollar. >> so true. you have me on two years ago i would have said maybe never that we see it in the us. we see such extraordinary inflationary pressure, extraordinary quantitative easing, creation of so many dollars that people are starting to look with serious eyes at what an alternative would be. bitcoin is that alternative and you see even mainstreet, wall street talking about that as potential reality. that has moved from tremendously unlikely to something everyone needs to start considering, what could it be like a few years from now and it is exciting to watch. dave: it is exciting but a little scary when you think what might happen to your dollar reserve. thanks for being here, matt hogan. the meta-executive in charge of crypto is leaving the company. what happens? >> didn't happen. his name was david marcus. he tried and failed to launch the digital wallet.
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it was in beta form, widespread regulatory pushback, david marcus with facebook or meta-in 2014, wound up heading up their plans to launch the crypto currency. he is out it will be replaced by stephanie testerville. dave: i can't get used to meta-blooge nicole: we still said that -- lauren: a lot of people wonder what you are talking about. wall street executives calling on jpmorgan to cancel an event in san francisco not because of covid but because of crime. you know things are bad when people are getting priced out of the dollar store. we take you to one dollar store raising prices on most of its items by 25%. that is coming up after this. ♪♪
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mom, hurry! our show's gonna start soon! i promised i wouldn't miss the show and mommy always keeps her promises. oh, no! seriously? hmm! it's not the same if she's not here. oh. -what the. oh my goodness! i don't suppose you can sing, can you? ♪ the snow's comin' down ♪ -mommy?
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♪ i'm watching it fall ♪ watch the full story at www.xfinity.com/sing2 first psoriasis, then psoriatic arthritis. it was really holding me back. standing up... ...even walking was tough. my joints hurt. i was afraid things were going to get worse. i was always hiding, and that's just not me. not being there for my family, that hurt. woooo! i had to do something.
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i started cosentyx®. i'm feeling good. watch me. cosentyx helps people with psoriatic arthritis move, look, and feel better. it targets more than just joint pain and treats the multiple symptoms like joint swelling and tenderness, back pain, helps clear skin and helps stop further joint damage. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections—some serious —and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. dave: an example, dollar trees trading up one dollar and $0.17, $135, the dollar trees say inflation and the supply chain crisis are giving them no
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option but to raise their one dollar price tag. lydia who is at one of the chain stores in new jersey, you are targeting customers about rising prices, what are they telling you? >> reporter: it is a mixed reaction from customers. the dollar tree will govern charging one dollar, to one dollar and $0.25 for most items. some customer status a quarter, i will pay it, not a big deal. others say this is a real letdown. >> it is disappointing because there's something about that dollar, there is not much a dollar can buy anymore. i remember growing up, you could get a milkshake for a dollar, nobody has a dollar menu anymore and this is one of the last places a dollar is worth something. >> reporter: this is a big move for the retailer. the first time in 35 years the dollar tree has hiked its prices that is grappling with
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the rising wages and freight costs. it is undeniable the dollar tree customers looking for a bargain and company executives acknowledge that their customers are already feeling the pinch of rising fuel and gas prices but they say they are confident customers will stick with them charging the extra quarter for most items to bring them back items that were previously discontinued and considered customer favorites. a lot of food items. if you look behind me i don't know if you can see the sign is small but hanging in the window, everything is one dollar because this transition starts today for 2000 stores across the country. they will be rolling out this one dollar and $0.25 price point. in the first couple months of next year all 8000 stores will have made the transition to one dollar and $0.25. dave: it is sad. really sad when you see that happening. thank you.
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it is a good day on the markets, the dow jones industrial average up 231 points. nasdaq is up 172. some of those tech stocks doing well, apple and amazon doing well today, tesla is up one.5% and stuart will be glad to know microsoft is up one.5%. still ahead nebraska governor pete ricketts, indiana senator mike braun, nigel farage and pete texas, the 10:00 am hour of "varney and company" coming up. ♪♪ ♪♪ story of my life ♪♪ your family first. i promise to serve, not sell.
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♪. david: oldies but goodies today. taking care of business. let's take care of business. 10 eastern time. let's get straight to your money. it is a good day. not a spectacular day. we still have a long way to go before recovering from the down days beginning on friday because of omicron. every day it is a slightly different look at on my cron.
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the look is positive from the market. vaccine mandates, other things bothering the market. look at bitcoin if we can put that up. over $1000. up 1300 bucks. still short of the 60,000 level. oil is rallying ahead of the opec meeting. also because of the better news on omicron. i wouldn't say good news. it is too early to say how it will end up. treasury is up 1.48%. we got the latest read on manufacturing for november. lauren, the number. lauren: strongly stronger than expected, 61.1. no impact on the markets. looking for the prices paid component that is the inflationary number w we expecting that to fall which is good news. other than that, basically the report in line with expectations. david: it ain't bad news so that's good. lauren, thank you very much.
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let's get another check on the market to bring in bob doll. great to see you. we've had a lot of volatility because of the new variant. do you expect it to continue? taking aside omicron, what will happen with the bbb plan, what happens with the fed. they said they will speed up a little bit of tapering going on. what are your expectations on the volatility front? >> i think david, we are going to experience continued higher volatility we got spoiled with over the last bunch of months for the very reasons you cited. the market, friday, monday, tuesday, stocks were down, there were signs of capitulation. that we would get a bounce here is not a surprise at all. we'll see the power of the bounce, the breadth, et cetera.
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crosscurrents for some time to come, in particular how we will deal with what the fed chair had to say yesterday. what does that mean for interest rates, for tapering, for multiples of stocks. david: it is not only monetary and fiscal questions that remain unanswered. problems about regulations. particularly the kind of people the administration is putting into the top positions of regulatory bodies a "wall street journal" op-ed argued one of those possibilities a woman nominated for the fcc. her name is zone. the journal argues she is a high per partisan individual. she had a lot to say about fox news, others suggesting, somehow fox is a government funded institution which is just not true at all, government supported institution, government favored. we are totally divorced from the government. to say something that is that
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outrageous, to be in one of the top positions at the fcc. i think it is dangerous, what do you think? >> i don't disagree. we don't need extreme positions in either direction for some of those important positions. people that can be sensible to lead both sides of the story to move things forward. we don't need that kind of rhetoric especially trying to unify the country. david: then we have, you have a phone call. put that on hold. the person who is nominated to be head of the comptroller of the currency which is an organization that oversees all of the banking institutions. she, i'm going to use the word essentially, she has written papers about it, she talked about it. sounds like she wants to nationalize all of our banks. >> this would not be good news obviously. i suspect there will be enough question marks, eventually votes in the senate won't let something like that through. we have to count on the system
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for that. david: let's hope so. would be doll, great to see you. appreciate it. lauren, come in with movers like exxon. lauren: they will spend 20, $25 billion a year on capital investments through 2027. that is conservative. that is as much 33% less than the prepandemic plans. you know the reasons here. their industry is unattack. the goal remains the same. they will be double earnings and cash flow. that is the intention over the next six years. look at this, this is big fall, the drugmaker. the fda declined approval of their blood disorder drug. they didn't see evidence of any benefits. david: 54%. that is a big trop. lauren: obviously that would be a new low. match group up 3%. they settled a lawsuit with tinder executives for $240 million. the parent company, iac low-balled the app's value,
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tinder's value to prevent executives cashing in stock options they could sell to iac. david: let's check in on oil if we can. jeffries warning oil prices could move a lot higher from current levels. how higher are they talking about? lauren: $150. when the world reopens fully. that is the question mark. the why, because of political attack on fossil fuels that removed the investment incentive to drill for more oil. jpmorgan also sees potential 150-dollar oil by 2023. as opec plus starts the two days of meetings, to decide whether to release more oil. goldman sachs coming in on all this, said this recent slide we've seen coming down to the high 60s, it is overdone. david: i got two words. peak oil. remember peak oil? that was supposed to be we would have $150 a barrel for years and years to come. then we went all the way down to 40 because we had energy independence here in the united
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states. maybe we can get that again some day. lauren, senator manchin says he is working on adjustments to energy policies in the baden bbb plan. what kind of adjustments? lauren: we should ask senator schumer because the two of them met yesterday, met for 45 minutes. we don't know the specifics of the of the meeting but we know they discussed climate positions of the plan. manchin is against methane tied to union evs and climate and social spending bills. he is centrist and from west virginia a top gas and coal producing state. methane fees hurts companies in his state. david: he is head of the committee that deals with energy in the house. lauren: if he can stall it enough, does it become dead in the new year as we deal with all the other things. david: you know what larry kudlow says, save america, kill the bill.
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lauren, thank you. now this, a federal judge in louisiana blocked president biden's vaccine mandate for health care workers nationwide. the judge said quote, indefinite states of emergency pose great risks to civil liberties. bring in governor pete ricketts, governor from nebraska. the courts are getting serious stopping vaccine mandates. is that good for the country? >> yeah, absolutely. these vaccine mandates are horrible policy. as we're seeing in the courts they're very questionable when it comes to the lawful ability of administration to do this through executive order. but just from the standpoint of impacts. what we're talk about vaccine mandates for organizations that except cms dollars that would impact rural hospitals. ceo's of hospitals tell me they have to discontinue services for delivering babies because they wouldn't have enough workers. you have to weigh the cost
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balance on this. the administration has not. they're totally out of touch what is going on in the middle of the country. it is very good news they're being stopped whether osha rules, osha suspended their implementation and enforcement of the vaccine mandates nationwide. for 10 states part of our lawsuit we got that stopped. we saw a kentucky judge rule a federal contractor vaccine mandate was also illegal. temporary injunction against that. we'll continue to pursue this in the courts. we think we will be successful demonstrating these things are illegal. david: what is the administration doing specifically in reaction to these court decisions? >> well, what i expect will happen with regard to for example, the cms case, that we have a u.s. district court that has ruled and given us a temporary injunction. they will probably appeal that to the 8th circuit court that will either have a three-judge panel or potentially
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en banc, everybody in the circuit would review it. depending on the outcome of that it could go to the supreme court. david: meantime, we have a lot of workers, 8,000 health care workers, in the state of new york that left the industries because of mandates. either they retired or have been fired or they have just quit on their own. the point is, it is creating problems at hospitals now. it is not the omicron variant. it is the vaccine mandate creating these problems at hospitals. what happens to those workers? can they come back or do they have to wait until all the legal processes finish. >> dave, you're exactly right. i would say to the workers, health care workers, move to nebraska. we will not do vaccine mandate here. david: you sound like governor desan fist. >> yeah. some here. this is part of the problem with the i will mandates for vaccines created other implications in the health care area. come to the states that have
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done it, specifically nebraska, get a job. we'll not do vaccine mandates if you stay in neck. this isnebraska. this will have impact on over all health care in our country if the mandates are allowed to stand. the fact that the federal government put off their own vaccine mandate until after the first of the year demonstrate this is is not an emergency. they're doing this under emergency and means their whole premise is false. they're not telling the truth. vaccine mandates have to be put to an end. david: move to nebraska, that is what governor ricketts says, governor of nebraska. thanks for being here. appreciate it. >> thanks for having me on. david: absolutely. the new covid strain, on my cron is prompting the u.s. to prepare for tighter travel restrictions. what is the plan, lauren. lauren: biden is expected
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inbound travelers into the country tested one day prior regardless whether vaccinated or not or what country. don't know what type of test that would be. second test three to five days upon arrival. seven-day quarantine as well. david. >> reuters is reporting that the cdc is ordering airlines to every passenger that have been in the eight south africa countries because of the biden ban. david: big brother knows where you have been, folks. lauren: who you have been in contact with. david: unbelievable. lauren, thank you very much. now this, the uk is tightening covid restrictions after cases of the on my cron variant found in england. are lockdowns yet? nigel farage will take that on. bradley cooper admitted he was held at knifepoint on a new york subway in broad daylight. hear him talk about the
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terrifying ordeal. cnn suspends chris cuomo after a report on a his brother's. we have the report after this. ♪. ♪ limu emu... & doug ♪ ♪ superpowers from a spider bite? i could use some help showing the world how liberty mutual customizes their car insurance so they only pay for what they need. (gasps) ♪ did it work? only pay for what you need ♪ liberty. liberty. liberty. liberty. ♪ (vo)pider-man no way home what's better than giving a better phone this holiday season? oh! i know, i know. giving a better phone on a better network. how much better? ranked #1 in network reliability 16 times in a row better.
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♪. david: well stuart would be happy, microsoft is up over a percent right now. activists scored a rare win. lauren, this is over a sexual harassment claim. lauren: reports of sexual harrassment at the company. bill gates stepped down 18 months ago after employee
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relationships some 20 years ago. shareholders viewed these allegations and investigations come with them as material. as risks lylely and reputationly, it's a win for the activists. they will see annual reports. microsoft thinks it is a good thing. david: lauren, you provide a very good segue. the next story is related to this. cnn suspended chris cuomo indefinitely after revelations from the new york attorney general report. howie kurtz joining me with that story. what is the latest on it? >> david for months cnn took no action over disclosures that prime time host chris cuomo was aiding his brother's defense as the then new york governor fought for his job. not even a slap on the wrist. nothing happened after cuomo apologized. i. >> never made calls to the press about my brother's situation. >> newly released documents from a state investigation made clear that is not true. ynn president jeff zucker who
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hired cuomo bowing to pressure suspended his star indefinitely. ion as some liberal journalist, say he should resign for his role. charlotte bennett one of his producers said chris cuomo smeared her with reprehensible conduct. he used his street cred to find out about pending stories by ronan farrow feeding that to the governor's top aids. he appeared to dig up information on andrew cuomo's accusers. saying he had a lead on the wedding girl, a woman who said the governor harassed her at a wedding. cuomo told investigators he was not doing opo research or editing his brother's statements. they allowed friendly interviews, changing the rules to ban that, not launching own ink tennal inquiry to cuomo scandal, angering many staffers.
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four months after governor cuomo resigned chris cuomo has been sidelined. the use of the word indefinitely raises questions he will ever come back. david: i see a movie coming, don't you, howie? >> shakespearean drama. david: really is. >> year ago, both brothers flying high. one resigned. we'll see. david: a lot of fodder for you, my friend. howie kurtz. appreciate it. liz peek, what do you make of all this stuff, this kerfuffle over the cuomos? >> i think it is high time cnn took a move. it is pretty clear chris cuomo crossed a line. not only crossed a line defending his brother and uses his news sources to get to people that perhaps knew something about the story as it evolved, but the breaking point to me might have helped slur reputation or go after the victims that to me where chris cuomo is basically off the reservation at that point. by the way, it is not just chris
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cuomo held to account here, it is also cnn. cnn was perfectly okay with chris cuomo acting as pr agent for his brother during a time when his political fortunes looking pretty good. chris cuomo hyping him every day on his program. i thought that was an unconscionable. when it turned out problems with governor cuomo management of covid, all the puffery, writing a book, winning awards, et cetera, to ignore it and have chris cuomo bow out of coverage i thought that was impossible. i get it why he couldn't do it or covered it, cnn mismanaged this, as howie said completely from the start. david: some have come back. jeffrey toobin crossed another line, we won't go into the line he crossed nobody thought he would come back but he did. >> people basically lost careers
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over a situation like this. because chris cuomo is a top producer at cnn. there is nothing to say he was personally involved in any sexual harrassment or anything like that i'm guessing we'll see him again. david: you have an op-ed. called omicron is biden up to the task. that is basically it. do you think, i wonder whether americans believe he is up to the task. look at the poll numbers. his credibility on all issues whether foreign or domestic seems to be at an all-time low. >> even as he considered still by a lot of americans likeable, basically americans think this president is incompetent. i think what is worrisome, when you look at the consumer sentiment numbers they are equally dismal as biden's approval ratings. there is a reason for that. if you can't count on your president facing challenges on all different kind of fronts and he clearly outsourced decision making to anthony fauci on covid, to pete buttigieg on
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supply chains, on jennifer granholm to energy management and these people have shown themselves to be basically incompetent, i think people get very anxious. in other words, it is not all about the president. it is about the people he has assembled in his white house, largely chosen i would argue for reasons other than their competence. david: well, some cases you have to just wonder who suggested nominated omarova, this woman omarova from soviet-era russia, who wants it seems to nationalize our private banking system. i don't think that is a joe biden pick. someone picked that woman for him. >> all kinds of things going on in this white house where the origin of the decision making is puzzling. like going to rome own the cusp of a big climate meeting, having a 50-car motorcade going through rome. it was boneheaded politically.
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the omarova thing takes the cake. she is dangerous person. they nominated her. there was pushback from democrats and they pursued the nomination. david: there is another nomination that is just as inflammatory, gigi sohn for the fcc she wants to censor other institutions like fox news. the fcc is not supposed to be involved in fox news. she says we are a government controlled institution or words to that effect. nothing could be further from the truth. >> david this is the most part sawn president i think we had ever. i say that knowing there will be tremendous pushback to that. he is someone came into office promising to unite this country from day one. he issued mandates, executive orders, all kinds of policies mint to basically humiliate and overturn everything that donald trump did, even those policies that were effective and popular. everything he does is political including his handling of the
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virus. this piece i wrote, basically, what has he done on the virus? he politicized it from day one. i think that is unconscionable. david: we got to go but 44% of the voters in america are independents. that is, you cannot win without the independent vote. he is losing independents more than any other group. >> yes he is. deserves to. david: thank you, liz. wall street exec telephones want jpmorgan to cancel health care conference in san francisco but it is not because of covid. we'll explain that in the 11:00 hour. we have shown you rampant crime sprees in california, it has gotten so bad the mayor of oakland is reversing course on defunding the city's police department. rob smith will take that up next ♪. ♪♪
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consumer overdraft fees. the move means they will lose out on $150 million in annual revenue. let's bring in susan. you're looking at some market movers. start with apple. one of your favorites. >> capital one, maybe losing 150 million in revenue but getting a lot of political capital in the move, don't you think. rush to quality in these uncertain times over omicron, apple hitting a record high as ubs says the company is buy because their channel checks are improving for the iphone 13. there were delays to the chip shortage and crisis. that is working out for them. i want to show you outperformers. have you heard of ambrella before? they make chips for your hd cameras. david: i thought it was a makeup company. >> sounds like it. show you what is happening with
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homebuilder lennar. goldman sachs calling it a buy worth $140. that is up by a third. because the housing market according to goldman is still red hot. that will help len nair out. david: although lumber prices are going up again. they were gone down a little bit, but going up again because of new tariffs the biden administration in the infinite wisdom, finally coming down they put on tariffs. take a look at this. this is really awful stuff. a los angeles mother was mugged with her babe in a carriage right outside of their home. it was all caught on camera. lauren, did police find out who did this? lauren: they are searching for the two suspects described as young black men. this is in broad daylight. corner ad mom, mugged her in her own driveway with the infant in the carriage. got away with the diaper bag and bottle cooler. look if you're a young guy who wants to get away with a pretty
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penny, you don't want a bottle cooler. how brazen. those are the cars in her driveway and front gate. it is affluent neighborhood in front of them. followed her in and cornered her. david: i hope they get those guys. lauren, that is awful. now this, oakland mayor libby schaaf is pushing to reverse the plan to cut the city's police department to quickly hire more officers amid a spike in violence and homicides. come in rob smith. rob, you know good at least they're realizing the mistakes they made but new york has the same situation. we have a new mayor. he is going to take office in january. he is a former cop but you still have the problem with the prosecutors and city councils making all the rules that give benefits to criminals over law-abiding citizens. >> yeah, you do. i think what we're seeing right now all across the country in places like new york, california, et cetera is basically these far left policies and these far left
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ideologies started out on twitter that actually made their way up into the policy realm. we're seeing a decade after all of this stuff really started we're seeing the results of these policies and results are just not good. now they're scrambling back to the center. scrambling back to put more police on the streets. you have to understand this, the calls to defund the police never came from the people that actually live in the crime-ridden cities, they came from idealogues on twitter, many of whom are white liberals that don't live in the cities. when you talk to people that live in the cities don't want to defund the police. david: i suspect they don't want the new rules, bail rules, et cetera that allow violent criminals out again, waukesha is the prime example of this. the guy responsible for the waukesha massacre had been let out on $1000 bail after he tried to run over the mother of his children. she still had tire marks on her.
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he used the same car for the waukesha, massacre. that kind of, i think if republicans have any, any particular case of crime that they want to focus on going into 2022 it is going to be that. >> that's it. that is a reason why i really do believe that you know there will be a red wave. republicans will be taking over. honestly, the democrats are losing independents, people are starting to realize that these far left ideologies and these far left policies just do not work. when people's lives, their actual day-to-day lives get more dangerous and they see things with their own two eyes, they will start voting differently here. i we'll see a lot of that stuff leading into the future. what happened in virginia last month, that was a primer of what will come in 2022. david: you know, democrats keep saying it is all about the guns, guess what? stabbings in new york city subways. two stabbing deaths the past two
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weeks, with a knife, not a gun. where was the gun in waukesha. one gun was used by a cop to stop the driver from killing people. the problem is not guns. the problem is violent criminals that get out on the street and do damage. it is the criminals that are the problem, not the guns. >> yeah. it always is the criminals. if you look how the mainstream media covered this, especially waukesha, you would think the car just drove itself into -- david: that was incredible. >> seriously. this is real stuff. when you talk about the stabbings, all that stuff, they act if the knife was the perpetrator and not dangerous criminal doing this look, i have very high hopes. we'll talk about new york city. i'm between new york and florida. i still love new york city. i will always love new york. i have high hopes for the new mayor. he doesn't seem like an absolute lunatic. this is somebody that used to be a cop. if he puts more cops on the
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street to keep people safe i think he will be successful. we're going into the anti, post-woke era. woke does not work. far left policies do not work. people do not feel safe. we'll have to move in a different direction not only cities like new york, l.a., chicago, et cetera but as a country. david: rob, the shame of it all, we knew it doesn't work. we're been there before. all these people died as a result of crime and they didn't have to because we knew in the '80s it doesn't work all these policies. we tried to straighten them out in the '90s. to a large extent we did. now we're back to square one. we didn't have to go there. rob smith, thanks for being here. appreciate it. stay on rising crime. bradley cooper is opening up about a terrifying experience he had in new york city. this was a couple years ago, lauren. what happened? lauren: it was pre-pandemic. the actor was riding the subway which i was surprised about. he was held up at knifepoint. here he is in his own words. >> i was on the subway, 11:45 to
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take lia downtown at russian school. i got held up at knifepoint. i turned, i see a knife. jumped over the turnstile, hid around the white tiled foyer, took my phone out. he jumped over running away. i took a photo of him. then i chased him up the stairs. he started running up 7th avenue. lauren: he had his guard down. had headphones on. listening to the music in manhattan. you cannot especially now can't have your guard down. he showed the picture that he took. i was blown away by his words there, his delivery. he showed it to the cops but they never caught the guy. david: that's too bad. that's too bad. nowadays i don't think many people would go so nonchalantly down the street certainly in the subways with all the stabbings. lauren: sent chills down my
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spine. i take the subway. we're here in new york city. i hold my bag closer. look around me, to think that happened before all this chaos, it is much worse now. david: thank you. if you're looking to buy a home in an expensive market like new york and california we actually have some good news for you. the government is offering higher mortgage loans. we'll tell you if you're eligible coming up. if you're getting ready to hit the slopes you may want to reconsider travel plans. many popular ski resorts are facing a severe staffing shortage. ashley webster has the report from aspen, colorado. boy, he always gets the good assignments. that is next. ♪.
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david: bing crosby. i knew it was bing crosby. yes indeed. winter wonderland. this is a live look at the burt mountain in vermont. we show you this because ski season is quickly approaching. it is a cold winter. we have know in many parts. but havens like aspen, colorado, are facing a critical shortage of workers as you might imagine. that is where ashley webster is. what are they doing more importantly keep employees. reporter: we're heading down the mountain right now. there is not a lot of snow in colorado. you're looking at man-made snow in aspen, colorado. jeff, you have shortage of 25% in your workers.
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why is that, what are you doing to try to relief the situation? >> that is where we sit right now. we have record number of applicants but we have no place to put them. there is no housing in our community or any resort community. there is shift in dynamics but it is a problem because of remote workers working here and airbnb, those type of things. reporter: aspen is one of the most expensive areas in the country, maybe the world, more expensive than manhattan and san francisco, we know that. are you offering incentives? what is the starting pay? >> we bumped our starting pay up to $17 an hour to start. that rippled through the company. if you've been here two years, three years, four years, as returning employee, you got a bump. salaried employees got it but that is still not enough. we have 1000 housing units we need but we need 500 more but
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hard to get. reporter: retailers in the stores, you can raise wage unless they're prepared to commute hour or more they can't find workers. >> it is reaching a crisis level in these communities that will not only impact aspen skiing company but people in the valley. reporter: asking people with homes in aspen asking a spare worker could be in. what incentive to homeowners have? >> if you come up with housing for one of our edge employees we'll give you $1200 to use in the company. season pass, 10 lift tickets, $1200 at one of the hotels or restaurants. reporter: there you have it. asopinion victim of one of but they can offer hotel rooms and other things but for other retailers in the town, we'll talk with them throughout the day difficult to find workers.
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david: you have tough as assignments, ashley, from florida to ski resorts. what is extraordinary your picture didn't freeze up. the you almost had a clear picture the whole drip. reporter: thank you, david. david: fannie mae and freddie mac are raising maximum size of -- home mortgage loans. lauren: freddy backing up to $970,800 up from 820,000 now. inflation. the increase reflects how much home prices in some of the hot markets have appreciated like new york and california. see what that does, makes it easier and cheaper for buyers, borrowers to get a home. but, i make the argument you want to wane the mortgage market off the government support. when you're pushing the price tag to nearly a million dollars -- david: unbelievable, to people who can afford a million dollar house need extra welfare for the government? lauren: in these hot markets
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that doesn't get you that much more house unfortunately. david: it doesn't. next, lauren, airbnb under fire for properties for rent in china's shen seng region. the problem is the group that owns the land? lauren: "axios" report. "axios" is reporting that, that region is owned by the chinese government. it is an organization sanctioned by the u.s. for genocide accomplice at this time, david. airbnb is stuck in the cross-hairs between the u.s. and china. do the sanctions apply to those dozen or so homes in the northwestern part of china, where the uyghur population is. mass human rights abuses by beijing, by the government. this is reputational risk to airbnb. they are a sponsor of the beijing winter olympics. they're in a pickle quite frankly. they told "axios" it is not required of us to vet the landowner but in a situation like this, a business dealing
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with the sanctioned entity, they're in some hot water. david: getting harder and harder to justify going to the olympic games? lauren: betting harder and harder to justify doing business with china and in china. david: thank you, lauren. you can no longer post photos or videos of private people on twitwer without their consent. joe concha taking on twitter's new privacy policy you should know aabout. that is in the next hour. house lawmakers are grilling treasury secretary janet yellen and fed chair jerome powell once again. we're following the capitol hill hearing. stay with us.
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first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. david: happening now, treasury secretary janet yellen and federal reserve chairman jerome powell testifying this time before the house financial services committee. first came the senate. then came the house. we'll bring you any news that comes from that. let's bring in congressman andy barr, republican from kentucky. congressman, powell finally admitting inflation is not transitory.
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when do we hear mea culpa from yellen? >> unfortunately, david, in her prepared remarks secretary yellen didn't mention inflation once. david: wow. >> i came from the hearing on the heels of the most expensive thanks giving in decades, americans are heading into the holiday shopping season that will be the most expensive in history. this administration is not only infailing to address the inflation tax and inflation crisis through their overspending and spending bing, they're doubling down on this strategy, this failed strategy that the american people simply cannot afford. david: well, even though powell did at mitt at admit it is not transitory inflation didn't talk about the cause of it. all the deficit spending and fed buying up debt issued by treasury. over 60% of all ever the bonds issued by treasury being bought up by the fed. they create money in order to buy up that debt. that is what causing inflation.
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not talking a lot about that? >> absolutely. the consumer price index is now over 6%. and core inflation, when you remove high energy and food costs which is of course where most americans really feel the hit, it is at 4.6%. that is way off of the fed's 2% price stability target. so what i'm going to be asking chair powell, we challenged chairman powell the last time he was in front of our committee when they were calling it transitory, saying this is not just about pandemic related supply chain bottleneckses. this is about overspending where there is more money in the economy chasing fewer goods and services and constraining supply, constraining supply of energy, constraining supply of labor. all of this is forcing prices up. we'll challenge the fed in this hearing to more appropriately respond physical policy realities. the fed doesn't like to talk about fiscal policy. they say their role is only monetary policy.
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david: right. >> but if they don't anticipate higher prices in the context of bad fiscal policy than the fed is really behind the curve. david: then you have the regulatory policies of the biden administration that are propping up inflation, causing it to spike, specifically in the field of energy where you have the closing of the pipelines, you have new regulations on oil drilling, you have new taxes by the way on oil drilling. these regulatory issues are part of inflation as well. >> that is a really good point. so the overregulation and the proposed increase in taxes are the other part of the story because it is not just about overspending, juicing the demand. it is also the fact that this administration's bad policies are constraining the capability of the american people to provide the supply, and shortages that you're seeing, not related to the pandemic. it is related to bad policies coming from democrats out of
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washington. we have to go back to a policy of energy dominance. think about this the american people are paying 61% more at the pump right now at the holiday season and that is a big deal. that is a big hit. that is an inflation tax on the american people. david: right. >> in one year's time we've gone from position of energy dominance to total overdependence on foreign sources of energy. it is a bad policy, and it is costing the american people, they cannot afford it. david: it costs our pride to go hat in hand to opec and russia where we had energy independence. congressman, have a great holiday. still ahead, pete hegseth, nigel farage and joe concha. fasten your belts. we're just getting started. ♪♪ i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell.
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no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospitals stays, doctor office visits and your original medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. in fact, in 2020, humana medicare advantage prescription drug plan members saved an estimated $8,400 on average on their prescription costs. most humana medicare advantage plans include a silver sneakers fitness program at no extra cost. dental, vision and hearing coverage is included with most humana medicare advantage plans. and you get telehealth coverage with a zero-dollar copay. you get all of this for as low as a zero-dollar monthly plan premium in many areas; and your doctor and hospital may already be a part of humana's large network.
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if you want the facts, call right now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our network; to find out if you could save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare. mandates, there's an impact on the overall healthcare of the country if these mandates are allowed to stand. >> the risk if you are truly vaccinated free through hospitalization is one in 25,000 per week. you see this indiscriminate type of authoritarian internal is him in so many areas of medicine and now is coming full forest. >> a pressure cooker for the
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biden administration and they do not know how to get out of this pandemic and need to change their messaging. >> it will be santa claus rally versus pandemic for the next several weeks. it is a hurdle, a long-term investor. ♪♪ dave: a lot of nice christmas music. at 11 am on wednesday, december 1st. let's check the markets. it is a rally. we are way over 400 on the plus side, on the dow. all the indices are up. we are up one.5%. it is a good day for the markets. treasury yields are close to
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one.5%, let's look at big tech because they are doing quite well. microsoft is up one.5% but look it out a bit and apple, they are both up 2.5%. mark tepper joining me now. you are not remotely concerned about the omicron variant. why aren't you concerned? >> good morning. how concerned am i? from an investment standpoint, all the initial reports out of south africa, very my old and beyond that i will give this administration the benefit of the doubt and assume they are not dumb. lockdowns are not the answer. despite what happens we have
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the covid playbook, if you look at march, there was a freefall. the playbook is as simple as running the ball up the middle. investment terms that means you buy the dip. dave: it is not all roses and going to the restaurant and the -- what is the prime? >> it was a lobster or something. there is so much need inflation, they keep reprinting the menu. they need to accelerate the papering. dave: you talk about stamping
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out inflation. to stamp out inflation you need a little more than what he was suggesting, a little more tapering. >> had a point where we are up 6.2% year over year. regardless everything that comes down from there will not go back to 2%. you need to be more aggressive, the more inflation is a tax on lower income people. emergence from companies we own in our stock portfolio. that will bring down the earnings number and the multiples will come down on that. we want to avoid that and get more aggressive. dave: it is one thing to talk about steak at a restaurant and
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another to talk about families that literally can't afford meat anymore. they need to buy a substitute rather than buying meet. it is affecting people's lives in a fundamental way. we don't want to disparage their struggle at all because it is a real struggle. a new segment stuart will be doing for december, stocking stuffers, something you can buy this holiday season that will be a solid stock to keep next year. we are keeping the tape on this. >> you can hold me accountable. i to to a stock that will double next year. my play is in the semiconductor. it is a sub to billion-dollar company that could double from here. david, cars are becoming smarter whether it is autonomous driving, all those advanced driver assistance systems is the current ships on
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the market, they stink. the intention is good. the result isn't there just yet. when i'm driving my car down the road and there's a bicyclist on my right and i turn left to avoid hitting him or her my car will slam on the brakes and pull me back toward the biker which is not good. so indy make the next generation of chips, smarter chips, more efficient chips. i think indy is the way to play this. dave: with the chip shortage, they have no trouble getting capital. they will get more investment capital to build their company because of the chip shortage worldwide. >> to back up that point with another fact, semi-plaps have been outperforming software substantially over the course of the last few months. my perspective i think that
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means the semi-shortage is coming to a end sooner rather than later. dave: let's even on the good news. great to see you, thanks for being here. cnn host chris cuomo is, quote, suspended indefinitely. hard to tell exactly what that means but he was pulled off the air after a report from new york's attorney general showing the extent to which cuomo used journalistic sources to defend his disgraced ex-governor brother. pete hegseth joining me now. i will give you an open board on this was what do you make of it? >> you can't lie to your audience, can't lie to your boss, that's what it came down to. what he said publicly is what he has been saying, i am hands-off this and the attorney general drops pages and pages of hard evidence, that he's not gathering sources on accusers of his governor brother but advising who should be advising
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him. he speculating about what outcomes may be. he's writing and rewriting press statements for his governor brother while saying, and to much for cnn. indefinite suspension, the same about jeffrey toobin. i don't by the fact. and it is a reflection of the respect for their viewers. they didn't use the term indefinite. it is the extra word, and for soon. >> there's always another
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chapter. when your rating are that low, plummeted that past, your credibility is gone. i would be shocked, maybe they think this is a moment to restore that credibility. dave: i to focus on omicron. i will give the president credit. on monday, he didn't push for any dramatic measures like the governor of new york, closing elective surgeries that could harm people before we know the science. not following science, there's been a lot of that going on. dave: there sure has been. you can give president biden credit for not initially saying we would introduce lockdowns. he said the same about mandates, there will be no mandates but 9 months later
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here we are with mandates. the reflexive desire to lock our borders which he said was racist under donald trump means they are not looking a lot of new thinking. there's a lot of political calculation, his poll numbers are so low, covid response was positive, maybe they can reboot on this, they have 3 learn how to approach it, you rely on doctor anthony fauci for advice when he has given the same advice. dave: the other thing is it is a great thing to divert to to say the pandemic is responsible for everything bad that is going on. they blamed inflation on the pandemic. they won't blame the fed or deficit financing, they won't blame the issues on energy where the president's new regulations have been responsible for this dramatic
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rise in the cost of energy. without the pandemic they lose a foil that they have had for blaming other policies. >> without the pandemic, they push and loosen election laws. universal mail out balloting is something they would like to see. hr one for nancy pelosi, that reform. if you have another variant on the shores coming, it is an excuse to say stay home, mail them in, no voter id required. dave: good to see you, have a great holiday. start with box. >> up 14%, growing adoption of services and retention of their clients, it is 109%. zoom, nasa, canon, salesforce is another stock to stay in cloud space. it is down 5%.
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growing competition from the big guys, microsoft, amazon and google and the two ceos but brent taylor. shall be due hewlett-packard? week outlook but the stock is up a little bit. demand is not the problem. they see in the holiday quarter demand is accelerating. supply is the problem because of shortages but as long as demand is okay you can make the argument things are going to be okay. dave: so often policymakers forget about the supply side and that's with the shortages are all about, the supply side, not the demand side. jpmorgan is under pressure to cancel an event in san francisco and make it virtual instead. not because of covid but because of crime. we have that story coming next. overnight a federal judge blocking president biden's vaccine mandate for healthcare workers. the white house is facing a ton
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of criticism for these rules. why do they keep pushing ahead and what can congress do about their violation of the court's? still to come, the uk bringing back mask mandate and travel restrictions as omicron cases spread. nigel farage has the report next. ♪♪ ♪ ♪ traveling has always been our passion,
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even with his parkinson's. but then he started seeing things that weren't there and believing things that weren't true. that worried us. during the course of their disease, around 50% of people with parkinson's may experience hallucinations or delusions. and these symptoms can get worse over time. nuplazid is the only approved medicine prescribed to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the common side effects are swelling of the arms and legs and confusion. now this is something we want to see. don't wait. ask your healthcare provider about nuplazid.
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dave: there are 22 confirmed cases of omicron variant, they are enforcing stricter mandates, testing requirements for foreign travelers.
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nigel farage, are you concerned about lockdowns? >> i am always concerned. government using any excuse to magnify the power center and individual choice. it is as nothing compared to what is going on from the continent of europe. the austrian chancellor, locked down the unvaccinated. they have to pay 100 euros a month and what we are seeing is a division of society between a jab and jab nots. very extreme, very disturbing. the expert opinion is this variant actually isn't terribly serious but according to boris
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johnson, we have to wear face masks again pretty much everywhere and we are only two years into this. we live the rest of our lives in fear or get over it. dave: politicians i have a power rush. i wouldn't say they are in love, don't want to be quoted as a maryland the pandemic but they are relived with the extra power they received as a result of the pandemic but don't want to give it up at there's a huge push back not just in the united states where we are used to more liberty than they have in other places in europe but we see on the streets in europe, the streets of australia as well. >> that's right and back to austria if i may for a moment, their decision, by february every single citizen lives in austria, with no exception, have to have the jab.
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i think actually this is government biting more than it can chew. government taking a step too far. in terms of the process, the pushback you will see a lot more. dave: we need it. i understand you spoke with donald trump. i spoke to him on friday. a big take away from that interview. role tape. >> it is a bigger problem than inflation because i could solve inflation very quickly. dave: i thought that was extraordinary. he could solve inflation quickly. with your take away from your interview? >> "my take" away from the interview is do this interview and "my take" away was he's like a heavyweight boxer. he lost the world championship on points, not at all happy with the judge's decision and
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is getting ready to get back in the ring and take the title back. i have no doubt he's going to leave the republican party by storming around the country and the run up to the midterms. on the point about the border and inflation i love his optimism, it is almost infectious but we did learn a few decades ago that inflation is a disease of money caused by governments. to get rid of inflation quickly, it can be done but the medicine you have to take can taste unpleasant. dave: it can but frankly what he was referring mostly to was the energy inflation. what hits everybody is the cost of gas, heating oil, companies that use energy. anybody that uses energy in any
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way is suffering the most. that particular component of inflation and that can be solved pretty easily by reopening the spigot. >> gas prices rising. and in the next quarter of energy to become reliant on imports. we saw after g7 president biden, boris johnson arm in arm to combat climate change we must allow manufacturing industries to go to india and china and make ourselves reliant on wind energy, when wind doesn't blow is a disaster. i get the point he is making, he wants america to be energy independent and an exporter and he is -- dave: the irony in the green energy stuff is we are now more dependent on coal than we were
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a year ago. turning off the natural gas spigots, we are 24% reliant on coal for energy needs, 20% reliant on it a year ago because we had so much natural gas. the air is getting dirtier as a result of these green energy policies. nigel farage, enjoy florida as long as you can. you are going back to the cold climate of lovely england. thank you, appreciate it. let's get a check of the markets, they are doing quite well. up almost 500 points on the dow. we have nothing but rising prices. a dip at 10:00 am. it has been coming up since then. the nasdaq is up one and 3 quarters of one% and the s&p is close to a 2% up 83 points on the s&p. said chair powell, he's not sure, subside by the second half of next year. that's not great news.
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the annual healthcare conference in san francisco. this is not about covid. >> crime, what will jamie diamond do, at his healthcare conference next month and make it virtual, some of the bankers and attendees say we are scared to go to san francisco. smash and grab in the open. still have it, it is no big deal. may be go shopping. it happens 3 times and they are scared of what could happen. dave: the next one, the ceo of goldman sachs warning new york city that its future as a global business hub is not guaranteed. what this about? >> david solomon says new york has to be aware there are good
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choices and it is super attractive at the end of the day. incentives matter, taxes matter, cost-of-living matters. the pandemic shifted everything. where companies are headquartered, where their employees were and the message goldman is sending to wall street, don't take your status as financial hub of the world for granted because times are shifting and people care about the cost and goldman in west palm beach, they are not alone. elliott management, carl icahn, blackstone, i could keep going. we've seen this the past year and a half. dave: no taxes and sunny weather. and freedom. i like freedom. twitter just changed their privacy rules, you can no longer post pictures of people without their permission. is this censorship overreach? republican lawmakers are threatening to shutdown the government to deny the funding needed to enforce president biden's vaccine mandate. senator mike braun is part of the group next.
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prescription drugs. with original medicare, you're covered for hospital stays and doctor office visits. but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance. but, they often have higher monthly premiums and no prescription drug coverage. now, let's take a look at humana's medicare advantage plans. with a humana medicare advantage plan, hospital stays, doctor office visits and your original medicare deductibles are covered. and of course, most humana medicare advantage plans include prescription drug coverage. in fact, in 2020 humana medicare advantage prescription drug plan members saved an estimated $8,400 on average on their prescription costs. most humana medicare advantage plans include a
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silversneakers fitness program at no extra cost. dental, vision and hearing coverage is included with most humana medicare advantage plans and, you get telehealth coverage with a $0 copay. you get all this for as low as a $0 monthly plan premium in many areas. and your doctor and hospital may already be a part of humana's large network. if you want the facts, call right now for the free decision guide from humana. there is no obligation, so call the number on your screen right now to see if your doctor is in our network, to find out if you can save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare.
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dave: i love that. a song with stuttering, my generation, you are looking at the intrepid museum where it is a sunny but cool 47 degrees. let's check the markets and they are doing extremely well on the first day of december. we get an increase on the dow, 480 points. the nasdaq 262 points, a huge one.69% increase in the s&p doing best on the percentage side up 83 points. show me twitter. jack dorsey stepped down. prod tigerwalled is leading the company. he could be more trouble for folks worried about censorship
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endorsee was. >> conservative users on the platform because it could be argued tweets he tweeted out 10 years ago was a quote from the daily show but follows that up with an interview last year saying they should focus less on free speech, more importantly to him is who is on the platform which a lot of people think you kicked off donald trump after january 6th. arguably he kept the platform relevant for the past four years. 37 years old, he's more of a chief technology officer. wasn't an obvious choice. he's expected to come in with new services when it comes to ai, machine learning, financial payments and evolution of the platform because it is lagging behind, 200 million daily losers - users where facebook -- a $60 billion company. close to $1 trillion. activist investors, elliott management pushing for. a soft handed ceo, and -- dave: a visionary.
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you would love to inteo rvtew e hguy,ats is visryiory it >> between tetge comge ces c and th and paymanmpananen--an : dahold: g on: i: t.t. th e owshsh sh f 5% os hialth comom fro uasqsq'tonhink you twittetwler ecssse of that yo fy ce fy toce fy de nd g at hwhdowh if e hn tt nse aureus amfrfrfr som of us -- >> look at this op-ed. biden's vaccine mandate will devastate businesses, appreciate it. it is killed in the courts 3 times this week.
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and keeps pushing ahead anyway. and defined the courts. >> 2 thirds of democrats have a terrible idea, you lose your job, it is crazy. she leading the charge on the congressional review act. put every senator and representative on record, and get the vote next week. keeps digging the hole deeper and all i can say is take these crises. i keep tuned into mainstream.
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and they put businesses, with bureaucrats making decisions. and vaccine and lose your job and that cost many businesses, 50% of their payroll after we've been paying them to stay with their employer. dave: it is not just the concerns of those who lose their job because of the mandates the people around them particularly if they are healthcare workers, police or firemen. the whole communities are being put at risk, 8000 healthcare workers who left their jobs in the state of new york because of mandates here. this could become a public health emergency in order to fix a public health emergency. doesn't make any sense. >> you are shortstaffed, the big issue paris covid, by
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incentivizing the federal dole with navigation, almost a decision, supply chain and manifesting itself, inflation, gas is as high as it has ever been. the whole gamut, look at pre-covid, where we were. and and we replace the economy with, the vaccine mandate, get it and lose their job, just piling on, digging the hole deeper, they seem to not realize what they are doing. >> it could get worse with the bbb plan. it could be up to $5 trillion according to the wharton school. the other stuff in there as
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well, super sizing the irs, senator manchin and senator kristen sinema the only two who could kill the bill, do they have the spine to stand up against the winds in the democratic party. >> joe manchin has been out there on the spending side of it. kristen sinema on the revenue side. all the phony numbers to begin with. we were $18 trillion in debt, now 30 and pile on another. another taxpayer group, when these programs get started. they never get sunset it. we borrow it from kids and grandkids, i debated bernie sanders on the floor about the modern monetary theory. taking a great economy, trying to federalize everything, make
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the government the centerpiece of our lives, not going to work. dave: we have to run but what is your best guess? is the bill going to pass? yes or no? >> i think they put so much political capital into it it could get delayed sooner rather than later, placate kristen sinema and manchin and we see something across the finish line. dave: appreciate it. the nfl just recorded its highest thanksgiving ratings in more than two decades. breaking down the numbers for you. major league baseball could be headed for a lockout at midnight. that the deadline for players, unions and donors to come up with a new collective bargaining agreement. we have the report from mlb headquarters next. ♪♪
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dave: you are taking a look at first horizon park, baseball stadium in nashville. the clock is ticking towards the baseball lockup, unions and team owners have until midnight to come up with the collective bargaining agreement. connell mcshane is live in midtown manhattan. will they get a deal? >> reporter: it looks like the baseball business is shuts down. something big changes in a short time. it was a very dizzy and
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expensive piece so far. and the commitment. and and on the air. you add that up, $1 billion. the owners look at it and say this is evidence that it is working pretty well. the players union had a different take. they want their money sooner and their argument is instead of waiting 6 years to be a free agent in baseball they will be a free agent after five years which they have an interesting proposal on the table. a playoff format that might boost their revenue.
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a source close to the negotiation tells us 14 teams make the playoffs, they get by in the first round and the other division winners would pick their opponent in the wild-card round which should make things interesting. no word whether they make it interesting or not. might not matter because the two sides are pretty far apart on other issues at this point. it is increasingly likely the owners will lock players out. some point after the midnight eastern deadline, work stoppages all the time years ago, this one happens it would be the first in 26 years. from what we understand there will be more talks as we work things out at the last minute. the two sides get together at noon eastern time to hammer something out. dave: something comes in, we need a baseball season.
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the nfl had its highest thanksgiving rating in 20 years. the gain between the dallas cowboys in las vegas raiders attracted 38 million viewers across tv and stream. the bears and lions are in 26 million viewers, the bilton saints average 19.9 million. viewership was up 9% from thanksgiving last year. all kinds of restrictions during that -- those games that we didn't have this year. let's hear it for the nfl. let's check the dow 30 stocks, a sense of the market and only four stocks are trading in the red and just barely as the market continues to make gains, the dow is over 400 points, trading from 300 to 400 all morning. cnn anchor chris cuomo has been suspended indefinitely. it comes as new details show he secretly worked to defend his disgraced ex-governor brother. joe concha takes that on and
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more next. ♪♪ big reputation ♪♪ got some big enemies ♪♪ big reputation ♪♪
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dave: an appropriate song for the coffee capital of the united states. seattle, washington, hit a 10 year high, only expected to get higher in the midst of this inflation crisis. analysts think prices will climb into 2023. they blame supply chain problems. cnn has suspended chris cuomo indefinitely. he was pulled after the attorney general's report showed his secret work to defend his disgraced ex-governor brother even the left isn't satisfied with the suspension. look at these headlines, the atlantic reports chris cuomo must go, slates as it is time for cnn to can chris cuomo for being completely full of crap. vanity fair says chris cuomo
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problem cannot be ignored. joe concha has never been ignoring the cuomo brothers. he's here to tell us. >> that is why the suspension happened. it is no longer right-wing media, it is everybody, left, right and center. what does suspension mean? wait for the holidays to come, news cycle to blow this way and it is like bringing back jeffrey tube and? if he gets a second chance then cuomo does. dave: his ascension was not indefinite. >> the word indefinite was thrown in for cuomo which means open-ended. leave of absence is the same thing. some folks at cnn now have a host the last 80% of his audience and the beginning of the year so not like he's untouchable because he's ratings king. he's also toxic particularly
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among female viewers, female staffers. this is somebody who smeared or attempted to smear, trying to help his brother, what was he doing? this is supposed to be an anchor, journalist, activist so is he too toxic and not rating enough to bring him back? i would not be shocked if in january chris cuomo appears the way jeffrey tube brian williams, 6-month suspension and double his airtime so who knows? there are no standards. dave: that is critical. and thus of the attorney general came up with, that was a bridge too far. dave: speaking with the governor's stat. it is documented, text messages, you wonder if cnn will take it seriously and say this is too much.
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>> jim acosta is i would bet on, he has a weekend show, snarky and pious, it is the cnn brand fitting perfectly at 9:00 pm. and sure people can't. you can be highly rated on that network. dave: the best in the business. let's move back and look at what is happening in mainstream media, they lost so much credibility the last several years, with regard to the russiagate business, exactly how much we made a 100% of it. inflation, they're coming out with this line, with that bad but you suck it up because it is trying to get better. you have the head of the fed, saying i was wrong. and and crediting the intensity of inflation, seems like the
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expectations are being reset, the american people, this is on you. your too greedy, you need to accept core inflation at a 30 year high at a 10 year high or home heating costs up 50% but even president biden's poll numbers, all those bills sink in and people feel this particularly lower middle-class. >> a great way to tick off the audience. if you want them to feel that you are part of the family if you are on tv, and don't worry about someone who is killing you. pious. >> they are telling people what they should think and what they should feel. >> dorsey was behind all this going on with twitter but cutting out this and that. it may be worse with his replacement. this photo deal where you are not allowed to use certain
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photos. >> let's the item with my yellow phone because i have kids and goes missing a lot. say i am filming a ride and kept somebody looting. i post that on twitter, you don't have the rioters permission, how does that work? twitter stock i looked at it and they are in the low 30s before the pandemic, mid 40s now, 3.7 billion, it was only 28 million. they are making hand over sister, they can make the rules and do what they want and not a lot we can do unless the government intervenes and we keep hearing how we will have facebook and twitter. you could chime in and only have a second. time for the wednesday trivia question, which creature is the deadliest to humans? we have four options, snakes, tapering, mosquito, shark.
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>> i'm going with tapeworm because it is the least obvious. >> mosquito. dave: i'm going with tapeworm. we will find the real answer when we return. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com . .
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david: before we break we asked which creature to the deadliest creature to human, because so difficult a question. we decided to keep joe concha with us. the snake, tapeworm, mosquito and a shark. joe concha, what say you? >> got to be tapeworm. i will guarranty it before this large audience. david: wow. lauren simonetti here. >> ditto.
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david: i think, two for the tapeworm. concha and i are going to the tapeworm. the answer is, lauren. woman is right as usual joe concha is shocked. >> burn the tapes around here? david: great day on the markets. send its over to my buddy neil cavuto. it is yours. neil: i would have got that one wrong. thank you, my friend. we're following the same market you were at corner of wall and broad. at least extreme manic reactions to the virus variant out there. yesterday panic, the day before that we were overdoing it. the big day friday we fellower on 900 points, the idea we would go back to something cataclysmic when just coming out of it. take the extreme swings maybe, maybe with a bit of caution. something crossed the wires right now we're following, very,

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