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tv   Varney Company  FOX Business  December 3, 2021 9:00am-12:00pm EST

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taking the -- accommodations effectively tightening, because this relies on expanding -- so slowing growth of direct is a drag. so i don't think -- no chance of rate hikes. maria: wow interesting, prediction there thank you so much everybody great conversation have a wonderful weekend as that good to see you. wonderful work covering those numbers. we will get the job numbers in a moment but first the omicron variant has been found in five states. we not going to go the way of the liberal media and fearmonger but give you the facts about this. we have rapid testing, therapeutics and drugs and the
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vaccine. we are well prepared to deal with whatever comes our way concerning the pandemic. president biden claims he is, quote, sad but covid has become a political issue. we will play himself from then candidate biden who shows it was all about being a political issue before he was elected president. now to the economy, 210,000 jobs, a big miss on what was expected. the unemployment rate fell 4.2% much further than was expected. the dow, the s&p at the nasdaq in the green but they came down from their premarket highs earlier. marty walsh will be joining us on the disappointing jobs report at 10 am eastern time this morning. look at this video. another smash and grab in california. thieves got away with 70,$000 in jewelry in just 12 seconds. is the white house ready to
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admit soft on crime policies don't work? they are blaming the pandemic on all this smash and grab. it is staying in california. the great governor there spent his thanksgiving vacation at a 29,$000 a night villa, owned by a russian oligarch. we will let steve hilton loose on that one. enes kanter freedom wants to sit down with lebron james to educate him on the human rights abuses in china. did lebron response? enes kanter freedom is here in the next hour. it is a packed show. matt schlapp, congressman jim jordan, the roy murdoch is here, december 3rd, 2021. "vney and company" is about to begin. ♪♪
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♪♪ ♪♪ nobody going to slow me down ♪♪ i've got to keep on moving ♪♪ dave: great to break my stride. we have the november jobs report, big disappointment. >> reporter: tough report. it came in at half the level we were expecting, 10,000 jobs, notable games in professional business surfaces, manufacturing but when you look at the unemployment rate it fell sharply to 4.2%. that is the lowest in 2020, the labor force rose, 54090,000 folks started looking for jobs,
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1.1 million of them found them. the head scratcher is people are looking for jobs, jobs are open but only 210,000 were created. i think part of the problem is the jobs many people qualify for don't exist anymore. think bars and restaurants. how does the fed look at this report? that the most important thing was my position is it is a positive. if you look at the unemployment rate and unemployment among black and hispanics, all as metrics fell nicely but they might accelerated table and this. futures are higher suggesting people take the opposite side of that perspective or maybe they don't but i'm going with a reason to taper. dave: there's a lot of pressure on them. some investors suspect they may not taper as much, let's check
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futures now. they are all in the green, it's been around that number, 113 on the dow to the upside, that could change rapidly during the course of the morning. let's bring in david bonnson. why would the big miss, we have a big drop in the unemployment number? >> reporter: lauren said correctly it was the labor participation that's the best part of this report. the biggest thing i have been warning about his people permanently leaving the workforce even apart from the economics, an awful thing for our society. that's the one good news in this report. dave: why the big miss on the overall jobs number. >> there is a skills mismatch to those coming back in the workforce relative to the jobs
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that are out there. that is not going to get cleaned up by policy or the fed, not a monetary issue. we sent we have a mismatch of the skills needed for the jobs that are open. that's been a problem will before covid but it has been exaggerated in the labor realities of the current paradigm. dave: how will the fed digest this information and what policies will the institute or change relieve the same as a result of this miss? >> that's something i want to push back on, the idea the market cares about the tapering, i vehemently disagree. the market is up 3000 points since they began saying we are tapering. the market couldn't care less if they end the tapering in june or april. it is totally immaterial. the feds issue is interest rates. everyone knows the silly and
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unnecessary and helpful quantitative easing coming to a head. the market has to deal with interest rates, yield curve, the fed is going to want to keep rates 0. everyone think they have inflation pressure, they have to take it higher. i watched for eight years after the financial crisis them come up with one excuse after another to not get off the 0 bound. they can't afford to. the housing market, risk assets. mainstreet is addicted to low interest rates. i don't believe they will be aggressively pushing off the 0 bound next year. dave: not of these numbers continue to disappoint as today's numbers did. thank you very much. come back in, lauren. more confirmed cases of omicron, five states. >> reporter: new york city and long island as well all have mild symptoms. we are seeing infections in minnesota. batman attended the conference
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in new york city and received the booster shot. dave: looks like they are mostly breakthroughs. >> seeing that in california, colorado, hawaii. right now at last check the number of cases is ten the we know about in the us. obviously more than that. i would like to see an unvaccinated person's reaction to omicron. dave: all we heard about his breakthrough cases. leads one to wonder about the vaccine mandates. if you're going to have breakthrough cases why have the mandates. president biden says covid should not be a political issue. listen to this. >> a plan that i think should unite us. i know covid 19 has been divisive in this country. it has become a political issue which is a sad commentary. it shouldn't be but it has
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been. dave: hold the phone. here is what the same guy said last year when he was running for president. >> 220,000 americans dead. if you hear nothing else i say tonight, here this. anyone who is responsible for not taking control, not saying -- i take no responsibility, initially. anyone responsible for that made deaths should not remain president of the united states of america. dave: who made covid a political issue? >> reporter: exactly right. if you look at the polling, the presidential election, this early part of the biden administration, when he had stronger approval which he does not have now, 2 thirds of the backbone of those approvals were on his handling of covid. president biden loved making a political issue when the politics was good for him. now that twice as many
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americans have died supposedly from covid strains under president biden, than did under donald trump, he wents to take the politics out of it and act like politicians have nothing to do with these deaths. dave: how do voters digest this going into 2022? he is finally underwater in the covid issue which was his strongest suit going into the election. >> donald trump and the republicans never claimed that they were going to have a perfect handling of covid. it was a lightning bolt from the sky that changed the whole political terrain and it had a lot to do with the political upheaval of 2020. it is the democrats who got elected saying if we all wore masks and had mask mandate and wore masks on planes and mine dated vaccines and shamed every
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american to get one vaccine, another shot, now boosters, now posters every couple months, we would be able to throttle this back. their policies are a complete failure. the mask think might have been well-intentioned but it didn't work. these vaccines seem very brittle in the face of any new strain of the virus. maybe that is the way the medical science is but we have to start saying we have to start embracing science and allowing individual americans to make decisions so what they are deciding, the democrats have sold them a bill of goods that could be damaging their health. dave: i would like to see the science on vaccine mandates because so far omicron is being contracted by people who have had the vaccines and if the purpose of the mandates is to prevent the passage of the virus, that does not justify the vaccine mandates.
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good to see you, let's check the futures and the dow jones industrials up 120 points. s&p futures up the same amount, a little more percentages otherwise and nasdaq up 2.4% to the plus side. markets are digesting this news in a positive way even though it is a big miss on-the-job trump of the unemployment overcame down more than expected. nba star enes kanter freedom says he has a thing to teach his colleague lebron james about china. enes kanter freedom is here with his message for the braun and requiring domestic air travelers to get tested we can get a jab the white house as it is not ruling out the possibility. role tape. >> why not require vaccine or testified mystically? >> nothing is off the table. including domestic travel. dave: ohio congressman jim
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and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. dave: go gos, sounds like a good song. atlanta's international airport, the busiest airport in the world right now. sunny and 53 degrees so there shouldn't be any weather delays if you're traveling through atlanta. jen psaki saying domestic
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travel restrictions could be in place in response to omicron. >> nothing is off the table. including domestic travel. we have some strong protections in place including requirement of mask wearing which is extended, doubling of fines if people are not in compliance. how we look at this we base our decisions on the health and medical experts. dave: congressman jim jordan, nothing off the table. kind of ominous. >> if mandates, masks, and lockdowns work. two weeks to slow the spread turned into two years of attacks on our liberty and the results of gotten worse for president biden. makes no sense, not only is it
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a direct attack on americans fundamental liberty but the jobs report is terrible, way below expectation, month after month this administration continues to do the wrong thing, the basic question if mandates, masks and lockdowns work, why don't they work? they keep going back to the same thing that hasn't worked before. dave: and yet the chief of staff, mister claim came out with a tweet saying the best thing for the economy is hard policies on covid suggesting the mandates etc. make the economy a better place. >> the state of florida embraced freedom, their economy is coming along compare florida to california or texas to new york. they failed to see reality, fail to see the truth, fail to see the facts and we are at a
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point after 11 months of this administration tell me one thing they have done right. one thing. certainly not energy policy, the border, our economy. you can go, certainly not covid. they haven't done anything right and yet they are going to stick with the same playbook that has given these results. when you have something this bad maybe you want to change what you are doing. this is the -- dave: maybe they will read your book which is titled fighting for freedom in the swamp. seems like you are pushing against a big head went from the administration. >> when you think about the united states of america the word you most associate with our great country, the greatest nation in the world is the word freedom and that is what this administration has been attacking. every single liberty we enjoy under the first amendment, your right to practice your favorite to a cemetery to petition the
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government, freedom of press, freedom of speech everything one has been attacked by the biden administration in today's left which controls the democrat party. the was would like the book of they have a chance to read it. i wrote every word of it and give a behind-the-scenes look at what is happening in washington and the interactions i got to have with donald trump who did more of what he said he would do than any president we ever had. they will enjoy the read. dave: one of the most concerning points, and parents meetings at schools, this doj memo which spells out what they had planned, sicking the fbi on parents who were upset calling them domestic terrorists, you want those memos. >> i saw that information, and the department of education and the permit of justice, was a blue working forward and gave
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stuff, and the designation, and and here's the key point. there was correspondence tween the school board association and the biden white house before the school board association, i think the biden administration and the justice department looking for a pretext, would target moms and dads. americans need to view this from the school board association like the dossier, the trump richard investigation. that was the excuse, jim comey needed to go to the fisa court to spy on donald trump's campaign. it was just a pretext, same thing happened here and that is why this is so egregious as we want that information and what mary garland in front of the committee to answer questions. dave: is there any indication the fbi has moved forward on working with law enforcement to
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try to crack down on parents. >> no indication they stopped. we specifically asked the attorney general to stop this process. the school board association apologized, they saw the political damage. he needs to stop this, no indication it has been stopped. i believe they are moving forward. dave: parents have a right to decide what goes on in their own kids classroom and they are paying for it, you don't have a right to do that you don't have a right to do anything. getting a check on the futures, dow jones industrials up 114 points, nasdaq up 0.4%. "the opening bell" is next. staying with us. ♪♪
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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'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
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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 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
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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. dave: checking the futures a little bit of gas, less than half a we were expecting. the market so that is good news. it would lead to a softening of
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the comments of chairman powell when he speeds up tapering markets like it when interest rates stay low and there's more tapering. it looks like it is where it was, dow jones industrials up 106. let's bring in david nicholas. what your reaction to the jobs number? >> a confusing report, the payroll survey showed the decline in job growth. you have a positive spin, laborforce participation always a good thing but bad news for retail. seasonal hiring, hospitality, retail. dave: hospitality got it on the chin. a little too early for omicron. we didn't hear about omicron until after the figures were closed.
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could it be something other than the pandemic, the real weakness in hospitality? >> there is uncertainty about the virus. more individuals are going to get more comfortable going out but i was surprised. when i look at ticket prices, travel, retail, hospitality seems to be on fire. they can't find the right people and that's a problem plaguing a lot of industries, that's why -- dave: the automotive industry, we are talking about chips, what about them in terms of hiring for the assembly line? >> we've been bullish 120% but they are still struggling to get the supplies they need. the automotive sector is good because the demand is robust but they are losing sales.
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they are parking cars in parking lots because they can't -- dave: ford came out with the announcement they are ginning up their research on making chips themselves, any progress? >> very bullish but the chips is one part of it. so many details, down to the piping, the tires, so much, it is a good first step. dave: we love their pickup trucks, 45 years. let's look at the board, more green than red, five stocks, we have one more. we have 100 plus gain on the dow. all the indices are in the green though there's been a slowdown in terms of gains made after disappointing job numbers came out.
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let's look at the s&p, we have a half percentage gain on the s&p, broader index, stocks involved, the tech heavy stock lost a little juice, they were up earlier half a percentage point, now it is down according to the percentage point, microsoft, a lot of concerns about the readiness of the apple 13, the iphone 13. alphabet, amazon, meta-formerly facebook on the plus side. let's look at dock you signing, a huge drop, 35 percentage points down. >> disappointing fourth-quarter outlook as workers routine to the market. looking at the brokers it is a city, the reopening head went
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hit them with a vengeance. jpmorgan says dock you sign completely caught off guard by the magnitude of the slowdown, they cut it to 175 to 300. dave: that is amazing. elon musk sold more shares of tesla building a cash flow. neil: will do so through the end of the year. he sold 1 million additional shares. is offsetting taxes on the exercise of options that expire in august. this is the fourth week he is selling, continue to do so through christmas to meet that promise, the twitter goal of 10% of his steak souls. so far he sold $10.9 billion for 10.9 million shares. stock up in the premarket, there's a report the tesla network is on track, uber like ride hailing apps you can share with others.
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tesla shares are up. tesla released a new version of their apps the would allow price sharing. dave: amounting to 10 billion but dollars. let's check marvell technology, strong earnings. >> a chipmaker, $1.2 billion, growth in all 5 businesses including doubling of revenue in their data center and they see significant upside to investment in the meta-verse. dave: the beauty people, the reopening has been a big boom for them. lauren: they are up 26% and forecast, 30% on the year. they -- 7.6 increase on the size of the average transaction.
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dave: stewart talked a lot about pellets ands, who is that? >> the price target 72%, their price target is 70%. the hybrid model, extend to fitness. dave: and exercise machine. dave: the ftc taking on nvidia. >> stock is up 150%. the biggest in semiconductor history. and antitrust, they say the deal would allow nvidia to control the design of chips the
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competitors rely on to design their own chips. it compromises arms neutrality, depends who you ask. europe and china too. a 30% chance of going through. nvidia does so well with the meta-verse. investments there. dave: time for look at the winners. united healthcare group for omicron, chevron, oil, chevron is up, walgreens, nike is up a percentage point. new core up 4% right now.
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moderna, big play, judged to be one of the best there is. taking on pfizer in terms of the vaccine. big tech is up 3%, broad, is up 3%. broad, is up 3%. it is up to and a half and applied materials, csx is up one.5%. the dow lost its juice 63 points, it is early in the trading. it is a mild increase in that checking gold, an increase of
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$8, when bad numbers came out on jobs. we will see how that levels out, bitcoin is down $435, well under 60,056740. oil is getting a little boost close to 4%, 3.65%, $2.43 to $68.92. natural gas is up 3% as well up $0.12, 4.17. average price, 337, the average is $4.69 a gallon. a coordinated robbery caught on camera in california the white house says - and grab incidents are surging because of the pandemic. >> a huge group of criminals
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organize themselves and go to cvs or home depot, is that because of the pandemic? >> the root cause and a lot of communities is the pandemic. dave: what does looting at nordstrom have to do with the pandemic? where is gavin newsom amid all this? vacationing in a 20,$000 a night villa, where he spent his thanksgiving despite spending covid restrictions in his home state. black lives matter issue the call to boycott all white companies this holiday season. talk about racism. what blm's corporate donors like amazon and microsoft have to say about that, basically crickets. that is coming up.
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dave: 12:30 and we are playing the song, jimmy buffett, you are looking at north carolina. let's look at doing tech, mark marrhaney. what do you make of jack dorsey's replacement? >> jack dorsey is one of the most influential entrepreneurs of the generation, found the
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two companies, one of the cofounders of twitter. with that level of ambition and entrepreneurial skills, hard to find, being a part-time ceo didn't cut it and there was a reason for him to step down. the problem is product development hasn't been as strong as it needed for advertisers and consumers. i don't know whether the new ceo who has been ceo of the company, whether bringing him in is enough of a material change to solve the problem. and neutral on stock. dave: even though jack dorsey got grief for censoring materials people thought violated the first amendment, there is more concern about the new ceo and they have a tweet that came from elon musk who is always pushing the edge here.
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joseph stalin used to disappear people, in a photograph one day and then taken out of the photographs, playing the role of stalin and jack dorsey playing someone who disappeared. the implication being he might be more censorious than jack dorsey. >> i don't think there is any evidence of that. dave: excuse me for interrupting but he said the first amendment is less of a concern than doing the right thing in terms of social -- etc.. he's on the record with some hits against the first amendment. >> we will see. as a california libertarian things like twitter have been phenomenally good for ability of people to express themselves in whatever format they want.
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it is great for freedom of speech. dave: not if you are censored. >> more people can communicate because of twitter, it allows almost anybody. it was a push forward for freedom of speech. there is no particular evidence, most investors have had very limited exposure to him. dave: it is early. >> advertisers and consumers. dave: we have to see how it plays out and there is a lot of potential for monetizing twitter a lot of people thought it was time for a change. to dorsey's credit there's time for a change. we have in our office the offices of the new york post which were direct recipients of
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censorship from twitter. that's another story. thank you for joining us. let's check the cryptos. weighing in on the usefulness. >> not so good as a cup of copy, and the best inflation hedge. to buy it and hold it, how much does he hold, micro strategy at 120,000. dave: mark cuban, and entire texas town. >> an hour southeast of dallas. one reporter said no one lives
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there, not even 20 did at the time of the 2010 census. it has two businesses, trailer park at a strip club that is now closed after a murder. it is a great story. and alligator in the local pond what does he do with this if anything? i don't know. this is the sign of something to come. dave: maybe an amusement park of some kind? lauren: they renamed it after mark cuban. they put a sign that said that. he brought it to help a friend. we don't know if it was in cash or perhaps bitcoin but was available for $2 million. dave: something regarding entertainment. a lot of ghosts in that town. one major bank telling its junior staffers to dress down
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in new york city so they don't become targets for criminals. is that how we have to live here. outgoing new york city mayor bill deblasio leaving his mark on the big apple by pushing more mandates with one month left in office. lydia who has that report coming up next. ♪♪ it has been waiting for you ♪♪ welcome to new york ♪♪ it has been waiting for you ♪♪ welcome to new york ♪♪ welcome to new york ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. (vo) t-mobile for business helps small business owners
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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. 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.
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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: heal have a month left in office but what many call the disastrous mayor of new york bill deblasio is pushing more private-sector vaccine mandates. he actually wants to require private school employees to get vaccines. >> anti-wants it to happen by december 20th. this would impact roughly 56,000 workers across 900 schools in the city but from the announcement yesterday facing stiff opposition from jewish and catholic leaders asking the mayor to reconsider. it is estimated there are 250,000 students enrolled in
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private schools in the city and a group that represents leaders of schools and rolling most of the students wrote a letter to the mayor stating vaccinations should be left to individual choice and, quote, the practical impact of the city imposing and immunization mandates could be devastating to our schools and the children they serve. they say most staff are vaccinated and the mandate would result in termination of at least some of those highly qualified teachers. the superintendent of schools for the diocese of brooklyn says they encouraged staff to get the shots while respecting individual choice. the vaccination rate brooklyn is 88% of teachers and staff at catholic schools in brooklyn. the mandate on private schools follows the mandate that wenthe result was more than 3100 teachers were placed on unpaid leave as of early october, 4%
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of them. i asked for an update on figures and haven't heard back yet but the legality of the mandates on private schools is much more uncertain. biden's vaccine mandate on businesses of 100 workers, blocked by the court. they will eventually weigh in on the matter. bill deblasio issues the mandate with less than a month left in office. is the first through this. dave: eric adams, taking a much more moderate view how to run the city than deblasio did govern from the far left. eric adams said he would revisit all the vaccine mandates before deblasio made the announcement. i don't think adams would continue this policy if it is put in place. >> we have to see what happens
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but there will be legal challenges, the jewish and catholic say they have problems very adamant about that. dave: the only schools that stayed open throughout the pandemic were the catholic and jewish schools, parochial schools in new york. >> a boost in enrollment because parents locked to them to look for in person in classroom learning. now to turn around and say parents have this option of enrolling students knowing it was not taking that away from teachers and parents, interesting. dave: thank you very much. the markets turns around, they are down on the dow by 50 points. marty walsh is here to tell us about these labor numbers and enes kanter freedom will be joining us as well.
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[laughing and giggling] (woman) hey dad. miss us? (vo) reflect on the past, celebrate the future. with the season of audi. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire 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
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cover your medicare deductibles and coinsurance. 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, 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
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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 could save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare. >> ♪ simply, having, a wonderful christmastime ♪ david: that's paul mccartney of all people, a nice christmas song that i hadn't heard before, good morning, everyone, it is 10:00 eastern time, i'm david asman in for stuary varney. let's get straight to your money and the markets have taken a strong turn south, they're all in negative territory, dow jones , s&p, and the nasdaq.
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nasdaq was just down more than a percentage point. it's down 146 points now, again, we had job numbers very bad in terms of the number of jobs that were created less than half of what was expected. we got 210,000 jobs that were added in november, we're expect ing over 500,000, labor secretary marty walsh is going to be joining us just a couple minutes to talk about it but as you can see , the markets which at first were positive on the news, have now gone deeply negative. the yield on the 10 year treasury is up about 1.2 basis points, just a tad up to 1.459%. bitcoin is down significantly, almost 1,000 points down to 56, 305. we just got the latest read on the services sector and lauren has those numbers. lauren: all-time high, david and services are two-thirds of all economic activity came in at 69.1 in november, up from the old record of 66.7 in october. david: that ain't bad. all right, lauren thank you, now
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this. as the nation sees a surge in the smash-and-grab raids that's happening all over the country, the white house is blaming covid listen to what jen psaki had to say yesterday. >> so when a huge group of criminals organizes themselves and they want to go loot a store , a cvs, nordstrom, home depot, until the shelves are clean do you think that's because of the pandemic? >> i think a root cause in a lot of communities is the pandemic, yes. david: so, tammy bruce, joining us now. tammy, tell me how -- >> [laughter] david: how possibly looting a high end store like nordstrom is all related to economic problems from the pandemic. >> that's not the case. she didn't even say it was economic problems. we have to guess what it was. david: pandemic at-large. >> what it really means is they need it to be something they don't and they're admitting they don't have control over, so through that they admit they don't have control over the pandemic, that it has nothing to do with them, the problem with that is, you can only solve a problem, when
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you admit you have one, haven't we heard that before, right? in life, in general, that in order to know what the next step is, for the country, you've got to admit that your policies, that signal to everyone, the cop s are bad, crime is fine, it's repirations, you're entitled, the rich are evil, stores are bad, what do you think is going to happen and for the small percentage of people who are inclined to commit crime like this when the message is, you might get a ticket, in california there's an actual policy that invited this , that if anything that's looted under $950 like oh, two pairs of kicks maybe, that's a ticket, that the cops won't even come, and that's why you see this , it was an invitation to go free shopping, and some small percentage of people will take advantage of that, but then , you're looking at also in some of these smash-and-grabs individuals are being robbed. it's a statement that creates a
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suggestion that we rely on the worst part of ourselves and washington is doing it as well. this is my column where i suggest that like the build back better bill, it is the legislative example of smash-and-grab looting, and things that don't belong to you, money that is not yours, spending, behaviors, because simply because you can, because no one is going to stop you. david: untangling this knot because not only is it a problem with the governors but you have these prosecutors and george gascon who is the la district attorney who lets people out no matter what, there were 14 people arrested in the most recent smash and grab that we had, 14 people arrested they all get out immediately, no bail. they all just got out of jail so there's no punishment at all for the crime. >> that's the absurdity, and clearly we can't say it seems to be. they obviously want this to happen, the legislation goes into this direction, the demon izing of law
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enforcement, the demonizing of other americans, and the fact that you're let go, so the message is from authority and everyone else is that this is not a big deal, and this is what we've got with, and look gascon ran as someone whose going to do this and i think voters think well that's for the campaign, they don't really mean it. that's why next year will look very interesting and i say to everyone having come from the left. when democrats and left say something, believe them. they mean it, it might sound crazy, but they still mean it. david: tammy bruce great stuff, tammy thank you very much, appreciate it. breaking this morning, 210,000 jobs added in november. that was the smallest monthly gain since december of last year it was less than half of what was expected. labor secretary marty walsh joining me now. secretary, it was a big miss, does that disappoint you? >> no, i mean, it doesn't necessarily disappoint me because i'm looking at the whole picture here, and you think about since president biden has taken office, nearly 6 million
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jobs have been added, our unemployment rate dropped to 4.2 %, 2% lower than when he took office, so you know, we still have a ways to go when we think about getting people back to work, but our recovery is happening and it's happening in a strong manner. you talk to ceo's you talk to people around the country they feel good. obviously there's jobs that we have to really focus on and create better opportunities as out in california this week, earlier, and the ports of la and long beach and looking at the supply chain issues and really seeing what, if the breakdowns are there and one of the things we have to do is train and prepare for truck drivers. one of the issues is trucking and that's a big issue in our country. david: by the way are you in favor of lowering, a lot of people say, you know, people driving those huge trucks should not be, should not have a minimal amount of experience but other people say we need trucker s so bad you've got to lower the age to 18. what do you think of that? >> well it's interesting because i think if i'm correct they told me the number is 25, and i think that that, you know,
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if there's an opportunity for us to drop that number down a little bit i think we should explore it. that's what was told to me and two years driving experience but one of the solutions we can look at is creating opportunities of veterans returning from the service who have cdl's class a and b licenses. david: great suggestion. >> we're working on that now at the department of labor and there's other ways we can look at it. david: let me talk about the flip side, some people say your policies, the biden administration's policies have augmented against bringing people back into the labor force , and for example, a vaccine mandate, a lot of people question, by the way, we should mention the omicron, the people we know who have been affected by omicron so far were all fully vaccinated, so clearly, they weren't helping to keep the virus under control because of their vaccine, so are you relooking, revisiting the vaccine mandates because of the fact that it may have a negative effect on employment in america. >> well i think the intention behind vaccines are number one, to hopefully prevent people from
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getting the virus or any of the variants and number two -- david: but it hasn't done it so far with omicron. >> no but the second part is too people aren't getting as sick so that's what's happening. david: well that's true, absolutely. >> that's one piece and then i think when you think about what we did at the department o of labor with the emergency temporary standard it wasn't a mandate, it was vaccine testing and we made it very clear here that any employer over 100 people, if somebody decided or chose not to get vaccinated or didn't want to get vaccinated, there be tested on a weekly basis and the reasoning behind this was to get people back into the workplace and people feeling safe coming back in, because i do feel one of the reasons why people we don't have more people working is people are concerned about their own health, and maybe their family's health so those are the intentions behind what we are here. david: you're losing in the court, sir, you lost three important cases this week, i believe one was in louisiana, i can't remember the other state but you're losing in the courts. does that stop you cold or are you continuing on moving these osha regulations forward? >> well the court case will
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decide that as we move forward. i think there's a hearing in a couple weeks so we'll find out what the hearing is but at the end of the day still when i'm on tv i'll still recommend to people pushing vaccines and also the booster shots and if you choose not to get the vaccine or the booster, asking people to please, you know, watch out for your personal health, wear the mask, do all of the things we want to make sure people are safe. we've lost nearly 800,000 americans to this virus, we're not sure with the omicron virus is going to extent of that yet is, the president directs that, dr. fauci addressed that so we're kind of hopefully looking forward, looking ahead. we'll be in a good place. david: well thank god we have the vaccines, we have some great therapeutics coming online, we're in a better shape than we've ever been to face the pandemic. let me just ask quickly about inflation, and the role of labor with regard to inflation. i mean, the fewer workers you have and we have what, 2.4 million unfilled jobs in america right now, the fewer
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people you have working, the fewer goods and services you have in our economy, and that means greater inflation. talk about the role between labor and inflation. >> well i think the president laid out a plan and will focus on the inflation number. he released some oil reserves the other day, he talked about that gave a speech to the country. david: but specifically on labor, your perview is there a direct link between those millions of unfilled jobs and inflation? >> i mean, it's hard to say. obviously there's an impact there, i'm not sure exactly to what extent it is and it's also the times we're in today, we're seeing numbers go up and also seeing wages go up obviously in some cases not going up with the cost of inflation, lower wage workers historically in the past, their wages are going up faster than inflation that's a good thing. i think that we just have to continue to push our economic policies here, and moving forward over the next few months david: have you been given any marchingrcmang oerboutnf
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and ttd d porpleeontntontont the wor in oer oer t to a a in ecflecse clelyle,arle, nistmitionraonon begngin to ecognimptantorort is ari, tum nrr ecoe emicoeconri ari igow. re t nst q about it an i hav'tenn b b g hirc o o i beeeee ithititecryry ylen,el net neellere o ohis rc o are arereo peopleooooacko t t work,or t opoprainopack bacnto nd the p thesi p t's j jnt the m thedl clas that' tshas ie bennn focused on here at the department of labor. david: we really appreciate you coming in today best of luck to you, sir, we appreciate it. >> thank you. david: secretary of labor marty walsh, lauren want to bring you in you're looking at movers. lauren: zillow is up 5% jefferies is weighing in, saying buy the dip shares dropped so sharply since zillow announced a wind-down of their housing inventory, the zillow offers program, they shed their excess
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baggage to refocus on the core and they're giving them $115 price target so it's a nice bump from here. david: and then dede. lauren: down pretty sharply it bounced around now down 14% in fact. it has withdrawn from the new york stock exchange and will list immediately in hong kong. that's considered vending to chinese regulators. at first investors thought it was a good thing but now not so much, but the chinese ride hailing company they went public in june so they have been a u.s. company for such a short period of time, and halved their value. grab might be a stock to watch today because that gets you caltech in southeast asia as opposed to china. david: and bi. ntech? lauren: the ceo says they can tweak their vaccine pretty fast if they need to because of the latest variant and the world health organization says omicron detected now in 38 countries. david: oh, wow. thank y, tammy bruce who was caught in the middle of us talking here during this whole
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conversation. >> i'm laughing, like confused sometimes what the secretary was saying and i was demonstrating your very very i love that interview though it was good stuff. david: you're very calm to stay here during the whole thing. i'm expecting you to jump in. all right thank you both. >> thank you. david: now, this. omicron has been detected in at least five states now, including here in new york, officials are saying not to panic, but to stay cautious, we've got a doctor on the case, coming right up. and did you hear this , president biden jokes that he isn't in charge at the white house, roll tape. >> i've seen more, [laughter] of dr. fauci than i have my wife , we kid each other, but look, whose president? fauci. david: yeah, some critics say that's not a joke. it's a nightmare. a new poll showing at least half of all americans say inflation is causing the hardship, but the president keeps insisting we're in good economic shape, brad blakeman takes that on, coming next. >> ♪
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>> ♪ david: always think of rocky when you see that picture, remember rocky climbing those steps in the art museum at the end, that's city center in philadelphia. money talks, ac/dc, it's a beautiful day in philadelphia all over the northeast. let's check the markets not so beautiful in the markets start with the last index, you can see there, the nasdaq is down 1.22%, again, all of the indices were up after we got those bad
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job numbers, again, question of whether the fed was going to actually lose it or not be as tight as powell suggested earlier in the week but that thinking has turned around when they looked at the numbers, real disappointing job numbers less than half of what was expected. take a look at docusign, plummeting, let's see , it's down 40% after reporting a very disappointing fourth quarter outlook, and take a look while you're looking at the wall street journal op-ed, it's titled omarosa could widen blue- red economic divide. biden's chief of staff ronald cl ain is pushing back tweeting out nope, stronger covid measures produce stronger economic outcomes. that's why jobs growth and economic activity are up this year, significantly over last year, really? brad blakeman is here with me now and i say the white house has it exactly backwards, that is the more open, the reason
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2021 is looking better than 202e lockdowns, so granted we have vaccine mandates and other problems, but the degree to which the economy is open as a result of opening the economy itself. opening the country itself. >> correct, i mean this was pent-up demand, people are going back to work, kids are going back-to-school but to think that you can lock everything down and that's going to help the economy , it's quite the opposite. how out of touch can these people be that imprisoning people at home, getting students out of school, is somehow a help to the economy? why? so government can spend more money, we don't have on things we don't need? no. david: and the degree to which we have labor shortages, vaccine mandates by the way and other things or the degree to which we have inflation is because we have more government, more government regulations, in the energy industry for example, , more government spending in terms of causing inflation. again, it just seems like they have it completely backwards. >> it's a vicious cycle.
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when they don't have us back at work, then they have vaccine mandates to keep us home. this is crazy, it doesn't work, and as you properly noted it's quite the opposite when people finally got out of their homes and kids got back-to-school people got back to normal and when you get out of the beltway and urban areas and actually to america -- david: i'm glad you get out of the beltway, you're here in new york. one great thing about america is we are a republic, we have states that are largely on their own to decide what policies they want. those red states generally speaking, the red states, the republican states have done much better, those states that didn't have the lockdowns, or if they did were very short- lived, that haven't had all the mandates. they have done economically much better, their unemployment rates are down. the unemployment rate in new york city, which has, it's a very blue city, it's a blue city within a blue state, we have an unemployment rate of over 10% in new york city now. so we are seeing by the petri
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dishes of the experiments taking place in the states what works and what doesn't. >> no question about it and just look at the urban areas controlled by democrats. look at the plight not only in unemployment but look at the crimes that are being committed. look at the fact that they are defunding the police, and then you go to the red states, we're going to, red states and republicans understand, you mitigate a crisis. you don't shutdown an economy, you don't shutdown a population. you do the best you can. viruses, like other natural disasters, tend to run their course, so you do the best you can at trying to minimize the effect but do you think that we are more powerful than human nature? david: let's move to inflation, which is the number one issue, bothering americans. we've got a gallup poll i think we can put up there nearly half of u.s. households say inflation is causing them some degree of financial hardship, 10% describe the hardship as actually
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threatening their current standard of living. that's gotta hurt them in 2022 the democrats. >> look it's hurting every american. i went to the pump the other day and i was watching people fill their tanks, this is in arizona. the average cost in arizona is about 3.75 for unleaded regular, and over $4 for premium. i was watching people filling up 10, 15, $20 max. nobody is topping off their tank why? because when they go to the market, eggs, butter, milk, bread, through the roof. sizes of portions getting smaller so this is a republican democrat issue, this is an issue that is facing every american. it's a plague. it's a tax on every american. david: and another gallup poll by the way showed number of voters who describe themselves as independents has grown to 44% , it was a couple of months ago it was 41%, it's now 44% and the independents, you can not win an election without the independents. 44% i think democrats are 26%,
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republicans are 26%, it's precisely that group, from which the democrats have lost most of their support. >> absolutely and you're not going to win elections without independents, and the fact is, the parties have to work much harder to get people to identify with a party today, so if you're going to win an election, women and independents, the key. david: brad blakeman, good to see you. take a look at basketball star enes kanter freedom just debuted his new name after becoming an american citizen, he called it the greatest moment of his life and he's going to be joining us coming up in a moment president biden thinks it's our responsibility to solve the covid crisis around the world. roll tape. >> to beat this pandemic we need to go to where it came from and the rest of the world. we also need to vaccinate the rest of the world. david: should vaccinating the entire planet be the president's priority? that's next. >> ♪
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i'm ready for anything. visit tdameritrade.com/learn find out what's strong with you with fitbit charge 5 and daily readiness. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. (vo)sit indeed.com/hire t-mobile for business helps small business owners prosper during their most important time of year. when you switch to t-mobile and bring your own device, we'll pay off your phone up to $1000. you can keep your phone. keep your number. and get your employees connected on the largest and fastest 5g network. plus, we give you $200 in facebook ads on us! so you can reach more customers, create more opportunities, and finish this year strong. visit your local t-mobile store today. going to tell you about exciting medicare advantage plans that
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can provide broad coverage, and still may save you money on monthly premiums and 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
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average on their prescription costs. most humana medicare advantage plans include a 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. david: let's get a check on the
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markets the dow recovered a little bit, but the nasdaq is still down 1.25%, so, again, we should mention we opened all of the indices were in the green, when we opened today, and they stayed that way for about 45 minutes or so, and then they began to turn south. this may have something to do with it, the feds jim bullard is by the way going to become a voting member of the fed on january 1. he says, "we should end the tapering by march." now he also said the fed could actually look at raising rates before they finish tapering, so that might have had something to do with the markets going south. lauren, you're looking at some of the movers start with trip .com. lauren: this is a chinese travel company down 10%, there's fears that it too, like alibaba and some other chinese names will be delisted because of the dede news and some are saying this is cheap for the stock because travel always recovers but i'm not so sure if you're a chinese company
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david: macy's? lauren: they are figuring out how to make their e-commerce business standalone without los ing customers who buy online but then go to the store to do the return that's convenience for a lot of people and they recently asked a consultant to review their business because they were urged and said you'll be more valuable if you separate your e-commerce unit. david: nucore. steel. lauren: steel maker, 20% increase to its dividend and announced a $4 billion share re purchase program stock is up 4 1/3%. david: the omicron variant has been detected in five states, california, hawaii, colorado, minnesota and here in new york but officials still saying it's not time to panic. former fda commissioner scott gottlieb tweeted out, it looks very sensible to me, "we are in markedly different position as omicron emerges, unclear if it's u.s. threat but if it spreads we have deeper immunity, oral drugs highly effective,
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antibody therapeutics, widespread rapid testing, they're all there. massive sequencing, this is not spring of 2020 we have very solid footing." let's bring in dr. matt mccarthy so doctor, is gottlieb right? >> well, he is right. we're not in march of 2020, but there are a number of question marks that we're still dealing with here, it's great that we have prior immunity, but the thing we're seeing with this omicron variant is that it looks like it's able to evade some of that prior immunity. it looks like it's able to re infect people more easily and if that's the case, that's going to call into question some of this prior immunity, call into question some of the monoclonal antibodies that we're working with that's not to be alarming here. that's just to say we don't know a whole lot about the variant it looks like it emerged around october 1 and it's starting to really present itself in southern africa, around decembet weeks to really emerge as a
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problem and now, it's just starting to pop-up in the united states, so we may have several more weeks, several more months, frankly, before we know the full extent of what this new variant brings to us. i'm optimistic as is the former fda commissioner that we are in solid footing. we've got excellent sequencing, we've got excellent therapeutics , we've got a lot of stuff that we didn't have the first time around, but there's still a number of unknowns here. david: shouldn't we find out pretty soon, doctor, forgive me, shouldn't we find out pretty soon how effective the therapeutics that particularly these new therapeutics from pfizer and others will be in terms of combating folks who have omicron >> oh, yeah. we're also going to figure out how well our vaccines work. what i'm expecting to see next week, or the week after, is that the major vaccine makers are going to release data showing that this omicron variant can evade vaccine- induced antibodies and that's going to scare people but it's not going to scare doctors, it's not going to scare the scientists who know the
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antibodies are just one component of the immune response to these vaccines, and that i'm confident we're going to have some meaningful protection from this variant with the existing vaccines that we have, so i think there's going to be more unfolding, some of it is going to be probably taken out of context as a way to manipulate behavior, but overall, very confident that we have the tools in place both to fully characterize this and to come up with a safe plan for people. not out of the woods yet but we're getting there. david: might we also do research in terms of finding out about natural immunity and how good that is in fighting it, that is from people who have been affected before? >> absolutely, and you know, that's the research that's appearing coming out of south africa right now and i'll tell you, of all the stuff i've seen about this variant, this is the most troubling. it's that this variant can re infect people more easily, people who think they have natural immunity, so this is a chance where i just want to remind people that going out and vaccinating yourself is the best thing you can do for your health i know a lot of people who say
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i've already been infected i'm good and what we're starting to find from the science is maybe you're not fully protected and we want to give people the right information here, and the thing with this variant is that it looks like it can evade the induced immunity from prior infections, so more to come on that but that's sort of the early leading edge story right now is that it can evade natural immunity. david: well it's sort of repeating what you said but it's important to mention, the world health organization says the variant has been detected now in 38 countries. early data suggesting it is more contagious than delta, but again , it's a question of whether it's more harmful than delta. >> yeah, we don't really know yet. some of the early reports were that it was more mild disease. i think we're all crossing our fingers that's the case but we don't just take for granted what somebody says, who just says oh, i looked at 10 patients and they all had mild disease. we need a lot more information than that, so optimistic that we'll get that characterized soon. david: very quickly, doctor. the president says the only way to beat the virus is to stop it
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where it came from, roll tape. >> and you see with covid-19 and the delta variant and now with omicron variant, all that emerged elsewhere. it all came from somewhere else, and ultimately beat this pandemic, we need to go to where it came from and the rest of the world. we also need to vaccinate the rest of the world. david: do you agree with that, doctor, very quickly. >> i agree that we need to vaccinate people but the issue is not supplying more vaccine. the issue is messaging. we got more vaccines than we need. we gotta convince people to get those shots in their arms. that's the bigger challenge. david: south africa says don't send us anymore. we have more than we can use and it might go bad from the time we're able to use it. doctor, thank you very much for explaining all this to us. we really appreciate it. well, the president is facing backlash for a joke he made about dr. fauci, what was it lauren?
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lauren: let's hear the president himself here you go. >> i've seen more [laughter] of dr. fauci than i have my wife , we kid each other, but look, whose president? fauci. lauren: all right, critics say this is anything but funny. this week, dr. fauci also said he is science, to deflect republican criticism at him, and now president biden is elevating him to commander-in-chief, joke or not, but it gives him, fauci , a public health bureaucrat, more power to dictate how americans should act , and that, a lot of people aren't comfortable with. they feel belittled by to the things that fauci has said in terms he's done in gain of function research. david: now this , black lives matter want people to boycott white companies this holiday season, where do blm's corporate donors stand on this racism? who knows, they are staying pretty silent, but after two years, art basal is back in miami this time, nft's are
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taking center stage in the form of digital art, susan has got the report from miami that's next. >> ♪
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david: checking the markets and they continue to slide. the dow jones is down about 113 points, nasdaq is really taking it on the chin, down well over 1.5% now, again those bad jobs number really set the stage for what appears to be happening now, with the markets and now this. the biggest global art event in the world is called art basal, it's back in miami and susan li is right there, susan, nft's, i honestly, i still don't completely understand, the non- fungible tokens at the forefront of this year's event. explain. reporter: yes, yeah, exactly
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right. so, art basal is taking over the entire city of miami it's like a walking art gallery if you come down here and you're right, 2021 is a year of the nft 's, crypto art as you want to call it, and everyone is talking about the exploding market of nft's & companies, people, celebrities, everybody wants to get into it, and why not? it's a booming market because we started off this year and nft sales were only $75 million on january 1, over the summer that number went up to $10 billion, that's an increase of 145%, and this year has really been capped off by some record breaking sales, for over $69 million, and then you have the phenomenon of the crypto punks and of course e ther rocks which sold for millions of dollars and i just caught up with one of the hottest and biggest companies when it comes to nft's the ceo of dapper labs, and they make the nba top shots and also make crypto kitties and here's
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his thought on the future of nft 's. >> nft market as a whole has absolutely exploded and the people building products for mainstream users is also greatly increased. >> nft as a technology can really apply to any sector and you go way beyond art or collectibles or gaming, i think they will revolutionize every single aspect of digital life. reporter: now, dapper labs went from a $1 billion company now to a $10 billion company, and a lot of people have been trying to buy them. i asked them, am i going to see an ipo in the next year, he says not just yet, he prefers to stay private. david: susan thank you very much enjoy miami it looks like a beautiful day. now take a look, robbers caught on camera looting a jewelry store in the latest smash-and-grab attack in california. steve hilton takes that on in the 11:00 hour, about 15 minutes , but before that we got basketball star enes kanter freedom and he just became an american citizen and now he
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wants to sit down with lebron james to explain more about the human rights abuses in china is lebron willing to play ball, enes kanter, freedom, is on the show, next. >> ♪
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watch me. move, look, and feel better. ask your rheumatologist about cosentyx. david: okay markets are continuing to go down, the dow is now below 219 points to the negative side, nasdaq is down a full 2%, a lot of it seemed to happen right around the time jim bullard suggested that tapering might happen sooner than later and in fact some rate hikes might happen while they're continuing to taper so we'll see what happens there. meanwhile, with beijing winter olympics only 63 days away, senator marco rubio is leading the charge to crackdown on communist china's abuses against the weger population. hillary vaughn is on capitol hill with the latest on this , hi, hillary. reporter: hey, david well the senate passed the weger-forced labor prevention act this summer. it's now winter and the house has still not done anything about it. they have not voted on that
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senate-passed bill and a lot of republicans on capitol hill are asking why, but senator marco rubio says one of the reasons he thinks the house is slow-walking, taking action on this bill, is because ceo's at major corporations that are sourcing their products from china benefiting from this cheap slave labor are quietly lobbying against it, but also says it's not just massive corporations that are worried about a crackdown on chinese slave labor but president biden's climate en voy, john kerry, whose reportedly worried that a crackdown on china now will complicate his climate negotiations. >> it is not true, and, you know, again if you want to repeat the charges of the republicans that's up to you , but that is completely not true. as i said, for over 30 years, i have been considered the most disliked, they used stronger language than that, person, in china, because of maya sexual
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assault on their human rights violations. reporter: but the case is not closed the washington poster reporting the state department reached out to some senators saying they want to slow down the house passage of that bill. instead, david, the house is reportedly looking at voting on a different version of the chinese slave labor bill next week, but the question is, why they would work to pass their own version of a bill that would need to be passed by the senate when the senate already sent over something that every republican and democratic senator voted for. david? david: hillary vaughn thank you very much for that. i am joined now by boston celtics center, enes kanter freedom, who by the way, i believe in a just world be the nobel peace prize winner but enes, you've been standing up to communist repression in china for a long time now, like nobody i've seen in the sports world, or pretty much anywhere
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else. what is your reaction to senator rubio's bill that we're starting to get a little more active politically against what they're doing in communist china >> thank you for having me, david. it's a must, because what's happened over there is heartbreaking, and marco rubio, senator rubio is my really good friend and he has been fighting not just the violations happening in china but all over the world so i applaud him for that so it's a must and it has to pass, but you know, shame on all those people who are trying to block this bill, but you know, i'm actually about to have a conversation with him in two days and i hope that we can do something together to bring light about what's going on, so it is a must and it has to pass. david: now as you well know, because the nba was part of this at one point in the past couple of years, there are a lot of corporate interests that are against roughly any feathers in communist china. it's a billion dollar, billion and a half market of people
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there, hundreds and hundreds of billions of dollars are at stake and a lot of these companies don't want that but we've seen some people go beyond the band, even more than what the nba has done. ray dalio is a big guy in the world of finance, and he's actually tried to make the human rights abuses in china equivalent to problems that we have in the united states. i'm going to quote him and get your reaction. he said, i look at the united states, and i say well, what's going on in the u.s. and should i not invest in the u.s. because of our own human rights issues or other things. what do you think of this moral equivalence between communist china and the united states? >> i mean, i'll just say this. while we are talking right now, there's a genocide happening, and it's just unbelievable how these corporate groups, you know , how these businesses, these organizations, and these
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companies care about money so much. they should be caring about values, morals, and principles but all they care about is how can i make more money from communist party. it's a shame, so i feel like we should definitely bring what's going on, and the important thing is like you said, it doesn't matter how much money you make. it is now more important than freedom, and human rights and i have sat down with so many concentration camp survive survivors. those people are in genocide right now getting tortured and raped everyday. take a second is it really more important than all the money you're going to make? david: and by the way it's not just the wegers. they've been burning down catholic churches, putting people in jail, preachers in jail, of course you look at what's happening in hong kong where they have been stifeling every forum of freedom expression. it's just all over the place. let me focus on the nba though, because as i mentioned they've
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had their own issues with not standing up to china in the past seems like they're letting you go here though and you have the full support it sounds like from your team, don't you? >> we have no other choice, listen i was getting ready for my citizenship test and there's 27 amendments and my first amendment, the greatest amendment of all-time, is freedom freedom of speech and they cannot take that away from me and the thing is, nba is the one that encourages players to talk about any of the , you know, human rights violations happening not just in america but all over the world, so they are the ones that encourage me and give me hope to fight against this communist regime. you know, obviously whenever the business is involved, whenever the billions of dollars involved obviously some people aren't going to like it but oh, well it is what it is. i'm just going to do the best i can to use my platform to be the voice of all of those innocent people out there who don't have a voice. david: now not all players agree with you, and lebron james
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is one who you think you could sit down with and talk to him and make him understand. do you really think lebron james could take the same line you're taking if you sat down with him and told him what is happening in china? >> i wish, and i hope so. you know? there is a hope in my heart because we are all human. it's just sad to see these companies like nike and other major companies are using these athletes like puppets, so i'm asking all these athletes out there, before you put your signature on that paper and sign these millions of dollars of contracts with these companies, educate yourself. study about it, because you know , how you use slave labor over in china not just in china but all over the world it is heartbreaking and it is not more important than the money you're going to make. david: i've gotta leave on a positive note, because we only have about 20 seconds, but the
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best part of my wife's life was when she became a u.s. citizen, maybe not as important as when she had children, but very close to it. i know stuary varney says his becoming a citizen was the best part of his life. very briefly explain how much it meant to you to become a u.s. citizen. very quickly. >> i'm part of the greatest nation in the world now, you know? there's a place where i can call home now. it is just amazing feeling, there's so much emotions, when i raise up for my ceremony to swear, i just couldn't, i was speechless, but i think people should definitely feel so lucky to be in this country and the one thing i will say like i said, it's the greatest nation in the world and people should feel proud to be here. david: we are very glad to have you with us as a u.s. citizen, enes kanter freedom, god bless you we'll be right back. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most.
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>> they've sold a bill of goods that could be damaging themselves. >> mandates, masks and lockdowns work, why don't they work? two weeks to slow the spread turned into two years of attacks on our liberty. >> they don't have control of the pandemic, has nothing to do with them. you can only solve the problem when you admit you have one. dave: a fox news alert, president biden answering questions. >> on covid policy it seems the administration is starting to soften the language where you talk about covid that we are going to beat it back? are you no longer going to shut it down? >> president biden: we have to beat it back before we shut it down. it's going to take time. to be covid we have to shut it down worldwide. the united states of america we are doing everything that needs to be done to take care of the
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american people within our borders but look what has happened. we are making some real progress and we find out there is another strain. the idea that you can build a wall around america to keep others out is not there and besides that's one of the reasons why. i know we get criticized for not doing more for the world. we've done more for the world, providing the vaccines available, then every other nation in the world combined. in addition to that we have also to india and other countries, working around the clock. i suggested we suspend patents, that everybody people to have access to these to make the vaccine in their own countries. thirdly in southern africa, south africa has all the vaccines they need. they don't want any more vaccines now. how can we help them deal with
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the issue of as i said before, the biggest challenge we had in the beginning of the administration my view was not getting the vaccines produced although that was not easy, i've got to give donald trump, early on, do the research to try to get the right vaccines, but logistically, logistically get the vaccines from a container that gets delivered to you to a hospital, to a state, getting it in someone's arm is a difficult thing. we did it better than anybody in the world has done it and - >> thank you, given that there are now multiple cases of omicron here in the us are you considering requiring vaccines for domestic travel or any other new measures for domestic travel? >> president biden: measures
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that i announced yesterday, we believe, are sufficient to deal with proper medical precautions to deal with the spread of this new variant. we are doing, as you know, the nih, as well as manufacturers, a lot of research to see the extent, how quickly it spreads, how deadly it is, etc.. we do require for travel, for people to have masks on and in public places, in federal buildings. i don't at this point of it as i think i know a fair amount about this issue but i am not a scientist so i continue to rely on scientists and ask them whether or not we have to move beyond where we did yesterday. right now they are saying no.
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>> a follow-up on the science, mister president. what is happening in ukraine? what on the border of ukraine and russia and what are you going to do about it? >> president biden: i have been in constant contact with our allies in europe, with the ukrainians, my secretary of state and national security adviser, and what i am doing is putting together what i believe to be the most comprehensive and meaningful set of initiatives to make it very very difficult for vladimir putin to go ahead and do what people are worried he may do but that is in play right now.
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>> mister president - dave: that was the last question. a painful question and answer period with president biden who obviously has a very bad cold. peter doocy from fox news asked of couple questions about that. as far as we know it is just a cold but a bad when interfering with his capacity to speak, not necessarily to carry on with his duties. i want to carry on with steve hilton. we need to talk about the president's demeanor and his sickness. not a good sign for president accused of being quite frail. >> appalling to see the person who is supposed to be leading the free world put in a performance like that. it is really frightening
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actually because we know he can barely string a sentence together at the best of times. he can't follow a coherent thought, certainly doesn't have any coherent policies, we will get to him in a minute. in the bill of the morning seems like the middle of the night for him. is he half-asleep, half awake, is it the cold, what is it? it is very very disturbing to see him like that. dave: we were talking about how we are surprised his handlers would let him take questions and answers considering the condition he is in but let me the lawn to what is happening with omicron and the president began the week saying he's not going to panic about it but as the week rolled on seems like more moves, jen psaki said everything is on the table. travel restrictions etc.. what do you think of where they are going with this? >> reporter: total incoherent mess with you saw it just there. one minute he's saying you can't put a wall around it, got to keep the virus out but the
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other day travel restrictions to try to keep it out. it doesn't make sense. he starts going on about getting rid of patents for vaccines. how's that going to help? that is not going to make a difference to be. the manufacturer. it would undermine the financial incentive for our leading drugmakers to do things like develop the vaccine in record time. none of it makes sense. the real truth is his policies have exacerbated the problem at every turn specifically on the virus, the fact that he has gone in so heavy-handed, so political, demonizing the unvaccinated. for a lot of people i'm not doing it, because he's in solving us the whole time. he made the problem worse. on the economy he made the problem worse by paying people to stay at home, harold jam up the supply chain, the border crisis means you've got all these people coming in to supply the jobs people we've
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got so much unemployment, cheap labor coming in all the time but every way you look at doesn't make any sense, totally incoherent, he is creating the problem and then his solutions make them worse. dave: there is the iron he some would say, not necessarily in irony it may follow the first case is in california, the person who is fully vaccinated, in the 6-month period, he or she got there last shot and california has all these restrictions but not enough to prevent omicron. >> you know what is so infuriating about this whole thing which is there is nothing new about any of this information from the start of the pandemic we knew that this is incredibly infectious, highly transmissible but did not affect everyone on an equal basis, incredibly low risk for younger healthier people but we didn't do that. we had is universal blanket
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policies that failed to stop the transmission because it is highly transmissible. it was designed to be highly transmissible in terms of the original experiment that most likely led to this and when the vaccines came along the vaccinemakers from the beginning were clear that the vaccines were very effective in stopping serious illness. they don't stop you getting affected or passing on the virus and yet the biden regime and everyone else behave as if the vaccines are a your for stopping people transmitting it. they never were. why do they keep pushing this as the solution? dave: we've got to get to the markets with thank you very much, great to see you. we are at session lows in the nasdaq and the s&p. let's talk about the jobs report come at 210,000 new jobs added in november, less than half of what was expected and much slower than the 546,000 added in october. kenny joins me for this hour.
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what you're feeling what happens? a big disappointment. >> the whispered number was stronger. half of what the estimate was is disappointing although there is some confusion because of employment dropped 2% and so it is the message. you saw the market rally because it is strong it is at session lows. dave: jim bullard who will be, voting member came out with a statement saying we should have early tapering and raise rates while we are tapering or that could happen. >> he has been on the hawkish side. the first time he said he wanted to raise rates at the same time. mayor daley, they came out yesterday saying they are trying to speed taper up to give them an opportunity when that is done. not in conjunction with but at the end.
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to get the markets used to the idea - dave: we've not heard any details about taxation policy. if we have taxation that stymies taxonomic growth, >> and we get more of this talk, to raise rates at the same time, that is exactly what. >> depends who you are in the investment cycle. you should always remain involved. if you are 6-year-old you want a position with a more defensive name going into what is a term. dave: keep it in stock and put it in cash. >> you never want to throw everything out and saw that on a moment of an emotional
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decision, but the portfolio is designed for your age category and determined time. dave: thank you for being here. you are going to be here for the whole hour. i could take my microphone off right here. bank of america has a warning for the junior bankers dressed down for work in order to stay safe. we will explain. the governor of florida has vowed not to lockdown his state. role tape. >> the definition of insanity is doing the same thing over and over again and expecting a different result. the lockdowns didn't stop covid. dave: will florida make any changes if and when omicron arises there? i will ask congressman carlos jimenez next.
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tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. learn more at cosentyx.com. dave: democrat very and has been detected in 5 stages president biden travel rules to help combat the spread. let's bring in carlos jimenez, republican from florida. will there be any new rules in florida given this variant? >> i don't think so but i think our governor is more apt to ask people to vaccinate and all that but he is more into opening things, not closing things. 's formula has worked pretty well in florida. i think we have the lowest
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rates down here in florida and our economy is up and people are moving around, we don't have to mask up everywhere so i think he will probably follow that path. dave: things can change and they always do with this new disease, that is why they call it a new covid but the bottom line is right now you look at the red states that have done basically what florida has been doing and they are doing economically so much better generally speaking than the blue states, looks like you are the model and not just the bad boy. >> we are the model of not only economically but also doing well healthwise and so the virus hasn't hit us quite as hard as some other states baby because of the things we did here. the people are vulnerable need to be careful. weenie are telling people to vaccinate as we are not anti-vaccines so vaccinate results especially the ones that are most vulnerable, the young are making up their own mind and our governor is not mandating anybody have to do
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anything but encouraging people to vaccinate and then also encouraging freedom and that is what we have here. i'm glad i live in the free state of florida. dave: i want to bring in something you were part of the supply chain emergency response act along with senator rick scott from florida to help bring cargo ships that are stuck on the west coast to florida ports. have you had any ships move from the mess in california to florida? >> know, not because of the act because the act hasn't been passed yet and because it is a republican idea not sure it is going to go anywhere. with the act does, what this law does is incentivizes ship
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stuck on the west coast up to 40 days to cross the panama canal. we will incentivize, pay for the passage, it will take 5 days to get to the east coast. we have capacity. we can offload this ships closer than they can on the west coast and get a lot of these supplies and goods and merchandise to the people, to our residents in america a lot faster than by them sitting on the west coast waiting to unload. some have been waiting for 40 days so we can cut a lot of that time off. save the money and also ease our supply chain problems a little bit. is not a silver bullet but it is part of a solution to try to resolve the issue. dave: it is a great idea and i hope it works out. thank you for being here, appreciate it. let's bring in kenny back in, a massachusetts guy, you have a place in florida. what do you think of the weight is handled? >> he is absolutely right. i've lived there during this whole panic. it's been a very different way of life down there. we are walking around, doing things, living. people want to wear masks are wearing masks, people getting vaccinated they are encouraging vaccination. it is not an anti-vaccines state that allowing people to make their own decisions and
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take the proper precautions but life hasn't come to a standstill. i come to new york and wanted to go to dinner with my daughter and she was in the restaurant inside and i approached the door to go in and this guy jumps in front of me, puts his hands up and i go excuse me, where do you think are going? dinner with my daughter who is sitting right inside the restaurant, no you're not, not until you show me your license and vaccination card and i burst out laughing? because it doesn't happen in florida like that. i had my car, pulled it out, pulled out my license and he gave me permission to go in. dave: and we have to deal with this thing probably for the rest of our lives. it's not going anywhere. is going to mutate forever so we got to get used to living with it one way or another. thank you, you're staying with us for the whole hour, google pushed back its return to office plan indefinitely over growing concerns about the
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omicron variant. originally they were going to end their voluntary work from home policy and expects workers to come in at least 3 days a week starting january 10th but executives said the company would put off the deadline beyond that date is the company added nearly 40% of us employees have returned to the office in recent weeks but that may change. now this, bank of america issue a warning to young staffers as crime surges across new york city. ashley is with us. what did they say? ashley: dress down to attract less attention. bank executive telling staffers dressing up or wearing anything with the bank of america logo could make him a target but not just be of a, the surgeon violent crime is prompting other executives to take safety measures was on a claim the top executive with a large money-management firm has recently begun carrying a taser as he commutes to his midtown office.
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some companies like citibank are offering employees private shuttles so they can avoid public transportation all together and most major banks will offer employees car service if they work after hours. ultimately financial firms and others in new york city are hoping eric adams, the incoming mayor will follow through on his pledge to restore law and order. it is much needed. >> much-needed. he's been talking the talk, the question is whether he can walk the walk particularly since we still have prosecutors letting violent criminals out once they go to jail. he's got to stand up to those prosecutors and also the city council. good to see you. let's bring back kenny, your here in new york, you live in florida. have you sensed what going on in the city? i've lived here 40 years and have never seen anything like it. >> i lived here for 40 years until 3 years ago but coming back now it is glaringly obvious the change in the mood of the city. i understand covid took two years and it is difficult time in the city is coming back but yet so is the crime.
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it is a complete responsibility of the deblasio administration to what they've done to the city. we can only hope eric adams - dave: it's got to affect eventually voters. we got eric adams, he knows how to get tough with criminals. he is also sensitive to various communities but the bottom line is he is up against city council, comes out with stupid bail reform laws and what happens in the state capital. it will be a tough venture. thank you very much. we are following the market selloff, the nasdaq leading losses down 2%. black lives matter whats people to boycott white companies this holiday season. where do blm's corporate donors stand on this? they are staying silence. deroy murdoch has that next.
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dave: they are actually skiing in the northeast, that's princeton, not new jersey, princeton, massachusetts, looks like artificial snow if you look at the slide but they are having a lot of fun going into the weekend, a beautiful day, 35 degrees. check the markets, not so beautiful in the markets, dow jones industrial average down 118 points which is not so bad but nasdaq is down almost 2%. it was down more than 2% moments ago. it has recovered little bit from the lows of the session. come back here. we are talking about what is driving it down. the first initial reaction to these jobs numbers was positive, they thought the fed would be positive. >> the comments that are floating about tapering at a rate rise in conjunction with each other. those are the names that get hit first if they start talking
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about raising rates and especially if that happens they are talking raising rates in february or march which is well ahead of what they originally told us in june and july. dave: if you really have an inflation problem you want to get ahead of which means the markets are going to be whether you like or not there's going to be something that happens by the fed that will disappoint the markets. is that happening? >> markets are looking at 6 or 7 months so this reaction is telling you there tough times ahead and that means don't panic, just understand it is coming. dave: i saw the inflation becoming, is that as they began spending money, even during the trump administration, how can anybody be surprised as jerome powell is saying? >> we were talking about this. he kept the narrative calm,
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said was transitory and the minute he was reappointed, the mini found out he had a job for 4 more years the narrative changed overnight, not only him but everybody, suddenly it was we have to taper, we have to start raising rates. dave: do you think he felt this all along? >> he felt it all along and he knew it but was trying to keep everybody -- he didn't want to market meltdown during september and october when the president was reconsidering. dave: he hasn't been confirmed. >> my guess is he's probably confirmed. dave: democrats and republicans say they will vote against him. thank you very much. this piece on foxnews.com reads biden blames big oil for high cost of his war on the wheel. the author that piece is deroy murdoch. are you surprised he would not put the blame on the oil companies rather than his policies? i'm not surprised because that is his mo. >> he seems to point a lot of things that are to point the finger at himself, he's been talking about collusion and
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price gouging but doesn't have to look further than what he did first day as president which was kill the keystone pipeline along with 1000 unionized jobs, $2.2 billion in potential wages and threatened to shut down the line 5 pipeline from canada to michigan, stop the brillion and warwick, halted federal leases on federal land and the methane taxable cost $10 billion a year and leaned on left-wing activist friends to get the banks and other finance houses not to defund and pull money out of oil companies. that turns things back, stop drilling and that led to decreasing supply plus demand going up as covid has tapered off, gasoline prices, oil prices, natural gas prices going up.
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dave: what worries me is the word price gouging. usually when you hear that from a democrat, particularly one as far left as biden has been governing the next step is price controls and price controls always always lead to shortages so we would have shortages on top of shortages, that would be the worst of all worlds. >> it would be terrible. we studied latin america and have seen how well price controls of worked in nicaragua and venezuela. dave: we saw them, the nixon administration had price controls. wasn't until jimmy carter kept the price controls, ronald reagan got rid of price controls we saw prices come down. >> that is very true and we saw control of oil prices to give jimmy carter credit the decontrol drug prices, we saw
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truck prices come down to the government comes in and sets prices and always backfires and lasting we need and i hope that is at worst a trial balloon it doesn't take place. dave: i to get this in because it had me outraged, black lives matter calling on holiday shoppers to boycott white owned businesses. the website says we are dreaming of a black x christmas, no spending with white companies from november 20 sixth to january 1st. as in this pure racism? >> that is the word for it, don't go to that store not because you don't like the product or the people i mean or nasty or even racist but just because they are white, that sounds racist to me. why not say something like have people who live in the suburbs come to the inner-city, we have good stories here in 20 merchants come here and an effort to try to attract their business and bring them in, that brings people together, not this extremely racist divisive effort from blm. every time they open their mouths it pulled the country
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further apart and the less influence they have in this country the better. dave: the corporate donors who came in like gangbusters when this started the movement started, i wonder if they are finally going to be pulling back as they see they are such radical marxists. very quickly. >> they are really embarrassed and when blm says don't shopping white stores does that include nike stores and reebok stores and stores of other folks who stepped up and gave them a lot of money? it could blow up in their faces. they shouldn't be backing groups with this radical nature. dave: good to see you. have a great weekend. now take a look at this. these are the brand-new holiday coffee cups at panera bread and they are really ugly but it is on purpose. we can say that because they admit it. we will claim. the big 10 championship game airs on fox as the league is facing questions about a major coaching shakeup. connell mcshane has the report from indianapolis coming up. ♪♪ invincible
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>> the matter, it is more important peoples freedom and human rights. my first amendment, the greatest amendment of all-time is freedom of speech. they will not take that away from me. dave: that was enes kanter freedom. he joined us on the importance of the first amendment. the nba player changed his last name to freedom after becoming an american citizen this week. mister freedoms is the greatest amendment and the country is freedom of speech. ashley, something so -- as
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stuart varney well knows, newly minted, relatively newly minted us citizen, nothing like the patriotism of a new us citizen. >> i became a citizen 25 years ago in helena, montana and it was a big day and i will always remember it and he says a lot of things that i think americans should pay attention to. on the money side, athletes, money over morals when it comes to china. i agree with him on that but also too many people in this country don't appreciate what they have. it is truly remarkable, the land of opportunity. you can speak your mind without fear. at least before politics became so divisive but on the other hand i wish people understood what it was like in other places in this world. dave: my stepson became an american citizen when he was in afghanistan. when he left for boot camp he said i said you really want to
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risk your life for a new country? he said i want to earn my citizenship. so few nativeborn americans who have that sentiment, you know? >> it is unbelievable and congratulations and welcome to america. i think enes kanter freedom makes it right, the most important thing in this country is our freedom of speech and should be more voices at the table talking so you can distill more voices less voices at the table which we are experiencing which is frustrating because i love to talk. dave: it goes without saying but he did it legally. there is something about doing it legally that makes it feel better because the legal system is the reason people come here. dave: it is. i first moved to southern california from the uk and so many were on the san diego freeway floundering the laws and as someone who goes through
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the process legally that is incredibly insulting and discouraging but you are right. dave: rule of law is one of our strongest points which is why people flock here. michigan and iowa will be facing off in the big 10 college football championships on fox. connell mcshane is in indianapolis ahead of the game but the big 10s have been under a lot of scrutiny this week. >> college football in general on the business side has come into scrutiny is a pretty good word for it. an exciting weekend all across the sport, but the business side of the economic side has been in the spotlight this week with big-name coaches, not necessarily the big 10 but the conference is leaving behind their current teams before their season had even wrapped up and going to other schools like riley from oklahoma to southern california, brian
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kelly, the headline leaving notre dame going to lsu before their ballgame, notice this is all money related, no surprise, 10 years, $95 million, that is a lot of money and it highlights how the economic system in the sport still favors these coaches rather than the players. this was the year that was supposed to start to change, college athletes can make money themselves on their name, image and likeness and some are cashing in but we've been talking to some of the companies who work with the athletes, they say that part is not as easy as you might think, take a listen. >> the industry is getting called up to the opportunity, there were so many supply chain issues across the country and across the globe coming out of the pandemic that you haven't seen the influx of product the way i would expect going into next fall. >> the supply chain is hitting everything. he says unless you just had a
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bunch of blank jerseys in your college store and all you had to do is put names and numbers on them you were probably out of luck with the name, image and likeness thing because of those supply-chain delays. that the often feel story. and others expect things to improve next year on the field. there's a lot of excitement building into tomorrow, michigan is fresh off a huge win if you watched the game at ohio state. that was on fox, they play iowa tomorrow night, back to you. dave: show me the dow stocks. this is a lot happening but it is 50/50 in terms of big selloffs pushing the dow down but if you look at the actual stocks, it is even split. we've got much more varney right after this.
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are individually and beautiful. panera told me was on the inside that matters. dave: it was emily who parted with panera to create a new line of holiday cup that are supposed to be ugly blue she's a graphic designer who says they were designed to bring laughter and cheer although she never smiles, coffee drink is nationwide this holiday season. there you go. the cell office accelerating. let's bring in jonathan koenig and kenny is with us. let me ask your opinion. we think it has to do with what the fed guide jim bollard is saying, he will be a voting member of the fence starting in january that they may have tapering and rate hikes simultaneously. what do you think? >> some of the weakest stocks on the board have been those etfs that follow short-term interest rates, these to get nothing on your money in the bank, soon you are getting one.5% but when i look under the hood of the market the
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momentum, only 24 new highs for 100 new lows and 3 quarters of stocks trading below their short-term moving average so innumerable factors but at least for now the momentum has shifted to the downside. dave: earlier in the week i put down how the s&p had broken its trendline, the russell blue its trendline, nasdaq below its trendline so it is setting up for a negative tone going forward. none of that is bullish and we have continued volatility because of uncertainty run the virus and now it is going to be around the fed and what happens between now and february or march of next year. dave: i want to switch to the twittersphere. tesla ceo elon musk taking a jab at the new twitter ceo, tweeting an image depicting him as former soviet leader joseph stalin. stalin as you might know from
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history used to disappear former allies, this comes as he once said the company is not bound by the first amendment. there is the picture. that's not the real character. that is a photo doctored picture of stalin, the top shot showed the original picture, the bottom shot was once the guy had been taken out and shot they disappeared him from the picture. petite of medicine suggesting he might not be as good as jack dorsey was in not censoring things. >> is that what it means? i think if i'm elon musk, money does not buy class. i know he's the world's richest man but this is tremendously inappropriate to compare changeover in ceos a twitter to joseph stalin, the soviet dictator, the great purge, 1 million people killed, sorry but nothing compares to the soviet death camp, nothing
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compares to the holocaust. this is just ignorant. dave: it got people's attention. i saw how many retweets it had, hundreds of thousands, it did get people's attention, so often this guy can get under your skin but he gets the attention. >> he gets under your skin and it is a cultish following for elon musk so people live on the edge everything he says, tweeting and responding and liking it and it is not necessarily elon musk. that his personality. dave: i do have to say the fact is this guy, the new ceo of twitter actually said the first amendment is not his top priority. he's not bound by the first amendment. there is legitimate criticism to be made about his position on this very key issue of twitter. >> censorship is something that only can be exercised by the government. twitter is a private company
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that can let whoever they want on or off but musk, these types of comments, tesla is down 16% from its all-time high. he reminds me of a caress with these tweets flying too close to the sun. >> i don't think you can say tesla is down 16% because of elon musk's tweets. there's a lot going on in the economy, with him in terms of a lot of what he is selling. dave: $10 billion worth of stock. >> more of it has to do with where the economy is going. dave: thank you guys, good to see you both time for the friday trivia question. the four corners in the only spot in the us where you can stand in four state seen at once. we will tell you kenny and ashley know that answer coming up next. ...
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david: before the break, we asked the four corners is the only spot in the u.s. where you can stand in which you can see four states at once. ashley, what do you think? ashley: well, i went there about 40 years ago, and as arizona, colorado, new mexico, utah, and you can have pictures taken when you're kind of on all four states at the same time. david: kenny? >> i did say colorado i just didn't know the other three states. david: well you were one out of four. that ain't bad. utah, colorado, arizona, and new mexico. all right, not bad. there it is. yeah it's pretty defined boundaries there, that's what makes it but look at the bottom
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right of your screen, folks it's really where our attention lies right now. the market is down, nasdaq is down over 2.5%. looked good up until jim bullard started talking about tapering, and raising rates at the same time that tended to spook markets more than anything else. we hand it over though into the capable hands of my good buddy neil cavuto to take you through the next hour, neil? neil: thank you, david by the way could you walk a little harder, please? the floor needs vacuuming out here it's a mess. david: i'll take care of it. neil: thank you, my friend, nice job handing this market off to me here. we've got the dow jones indeed down a lot, we've got the nasdaq really getting slaughtered right now, there's a lot that hinges on it of course the jobs report, you know, it was one of those kind of manic days where you see things you like, and you see things you don't like, and then you realize that at the core of it all was slow job growth, and concern that that might be a preview of coming attractions,

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