The Claman Countdown : FBC : November 27, 2024 3:00pm-4:00pm EST : Free Borrow & Streaming : Internet Archive (2024)

there, change is a good thing. we don't want everyone to have total power, god has almighty power and we don't want humans to have absolute power that is the gift of freedom and the gift of democracy. >> thank you so much we appreciate happy thanksgiving. >> by the way on the same thread a must see series you presents the saints, he's available exclusive on vaccination.com and is absolutely remarkable it's great history for love history if you love faith and want to be entertained and covers it all, speaking of covering it all taylor riggs is in for liz claman. i know i owe you a cupcake bitcoin did not hit 100,000 you'll get it on monday. >> i love to win the bet in this thanksgiving eve i want to same grateful for you.

happy thanksgiving. big fox business alert the s&p 500 and the dow pulling back from the all-time highs that we had yesterday we have relatively light trading volume ahead of thanksgiving tomorrow so we will keep our eyes on this. take a look at shares of nvidia there hitting a four-week lot you down almost 2% disappointing outlooks from dell and hp. i will get to the story in just a moment. in terms of economic data the preferred inflation showing inflation rose last month a little bit more than expected, personal income and spending rising more than expected. remember this data comes as president-elect trump has announced kevin hassett to lead the national economic council. back to the markets, the last folding and trample trading of the month coming of the dow up more than 7%, the s&p 500 and the nasdaq are up more than 5%.

the rest of the small-cap companies are focused on the u.s. domestic growth they are up more than 10% in november. can the strength process is holiday season let's ask the porsche joining me now former reagan economist art laffer in market rebellion ceo mark lopresti, great to have you both here, i got you here in person candace have to the holiday season, thank you for having me happy thanksgiving amy thanks to the entire fox family we hope liz gets over her cold quickly are you surprised to see profit-taking and traders with the holiday with overnight positions kevin has on the

national economic council how confident are you that he could bring down prices and get us back to 3% gdp growth. >> i don't know if he could bring down prices or not that i don't know is probably what are the best economist in the country i followed kevin hassett's work in these good on policy and how to implement policy and what the consequences will be. when you look at the tax cut in the job that the president trump did in the first term it was kevin hassett's work on the corporate tax rate reduction now the economy responds that was the basis for all of the estimates in all of the policy decisions. i am really pleased with kevin hassett as being the new nec chairman, larry kudlow was the best ever in the first term and kevin hassett is phenomenal and will be a great chairman of the group. >> when you look at the numbers. >> you know how to tell us twice and he's a friend of fox

business. >> he's my best friend he's a good his friend as i have in the world and as long as a friend no one is as old as i am but larry is great but kevin is terrific and in fact you had him on the show a lot of the fox shows had kevin on and is articulate street shooting and great academic yes phenomenal academic articles especially on corporate tax cuts and the implication with median wages and responses. he's as good as they come. taylor: talk about corporate taxes, how much is the market or not baking and what could be significant corporate tax cuts next year. >> the market is generally baking in a favorable environment for business. you heard wharton that trump is expected to be the most pro-stock market president ever in the first president trump term we saw an unbelievable all-time highs 136 companies exceeded all-time highs during the first administration, has

the market price and the 15% corporate tax cut yet. no i think were anticipating in the bottom was going to continue the santa claus rally to the end of the year is an expectation that in general most sectors will be doing l under president trump a second term. taylor: i came off of an interesting conversation with steve forbes of the 1:00 o'clock hour reasonable we talk about the federal reserve we will not talk about whether they should cut or fed independence or not but how the models got it so wrong and how the think tanks told us that inflation was transitory, that we need to rethink the federal reserve in terms of how their measuring and modeling the stuff, do you agree? >> totally steve forbes is on target it's not only how they model and do it they have a wrong conception of what the model should be the fed should be controlling the monetary base and it should not be intervening

in the interest-rate market unless it wants to change the monetary base the balance sheet of the fed this is exactly the way volker did it in policy is exact opposite he's trying to change interest rates and lower and raise interest rates without regard to the monetary base that is a big mistake. steve forbes and i both would like to see them use the monetary base to control inflation not to try to use interest-rate, but interest be what they may and control the monetary base, sooner or later the inflation will come down and they haven't done that and they should've done it, by now we would be inflation free country if they had done it correctly. >> there still thinking that cutting in december should they be rethinking? >> they should rethink their whole model they should let market rates be set by the market. and control the monetary base to try to control inflation, volker did it with the commodity prices if they were rising too rapidly

they would sell bonds and contract the monetary base if inflation was not rising too rapidly they should let the monetary base grow normally and if it was falling too rapidly they should expand the monetary base and let it be a long-term policy to guide the price level of the u.s. to be exactly at 0 after they need to do and they don't do that they try to set interest-rate with regard to the short. and it's wrong and that's why we had a big problem before, steve forbes is a world expert in he's completely correct. >> i want to come to you we talk about the federal reserve at the end of the day and am taking about consumers at home referred a lot from the retailers best buy was one you have notes about the losers being dollar tree and dollar general as well. are these worries about tariffs or real worries about a low-income consumer very much under pressure.

>> it is both and i have to say i totally agree with professor laffer he's one of the best conservative economists i grew up watching and listening it's a pleasure to be on with him today. it is both things the lower and consumer is continued to be stretch them by inflation if we look at consumer credit card debt 1.14 trillion another all-time high unfortunately trump tariffs expected to disproportionately hit the deep discount lenders as they source a lot more of the goods on the shelves from china and other places that may be disadvantaged by trump's tariff policies seeking to create an equilibrium we will see how that pans out. on the other side the higher income consumer who is feeling wealthy these days because of the stock market continued rally in home prices and a lot of things that personal income which is the most interesting part of the pce was double expectation, not slightly but double. those things make us believe for

the retailers of the right part of the market specialty retail high-end retail they have reported well for q3 but wait until they give you the q4 numbers holiday spending is upon us. >> i see one of the apple copy and pinch, mark i really appreciate you both for being here i want to wish both of you happy thanksgiving. >> take you for the kind comments. we wish liz a good health for looking at my clock. meanwhile we have breaking news the u.s. is moving forward with the 680 million-dollar arm sale to israel the package of bombs and military equipment comes as a developing cease-fire between israel and hezbollah begins today, fighting stopped early this morning and is appearing to hold today potentially bringing an end to 14 months of active conflict between the country in the terrorist group, the agreement calls for a two-month initial halt and fighting is

allowing displaced lebanese residents to return home the deal creates a buffer zone between southern lebanon in northern israel the israeli defense forces will gradually move south across the border has below will withdraw its troops north. the un peacekeeping force of the lebanese army will control the buffer fox news alex hogan joins me live from tel aviv with more, what you have. >> as you mentioned the cease-fire so far in the first day has held but i will mention that the israeli military is urging civilians and in phases over the next 60 days packed cards trying to return home after 14 months of work and some

of them have a big number more than a year after being displaced, lebanese forces will create a buffer along the border where has below must retreat the white house says it took months of diplomatic efforts to broker the peace plan the u.s. and other allies like france will not have boots on the ground but they will provide assistance as far as how and why this came together, israeli prime minister benjamin netanyahu says that the cease-fire will isolate hamas allowing the idf to shift his focus back to gaza where more than 100 hostages remain rated egyptian delegation will travel tomorrow to work for cease-fire plan. meanwhile today israel informed the icc that is going to appeal the arrest warrant for prime minister benjamin netanyahu and the former defense minister gallant. the warrants accusation against benjamin netanyahu against starvation and crimes against emitted in gaza president joe biden called this arrest were absurd and this is the first time that a sitting leader at a

western ally has been accused of such crimes by the icc. >> alex hogan, thank you. hp sitting at the bottom of the s&p 500 is the a.i. revolution fails to fuel a pc renaissance we will tell you why investors are hitting cell on hp q president-elect trump's first-term energy secretary rick perry is here to react to trump's plan for oil, gas and nuclear energy the second time around with the fox business exclusive, "the claman countdown" is coming right back. ♪ (grandpa vo) i'm the richest guy in the world. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is.

(vo) the key to being rich is knowing what counts. at harbor freight, we do business differently from the other guys. we design and test our own tools... and sell them directly to you. no middleman. and get ready: our biggest deals of the year drop thanksgiving weekend. say christmas. christmas! when you want gifts to express a lifetime of love - we've spent a lifetime crafting them. harry & david, 90 years and still sharing. when our country needed you, you answered the call. you took the oath. you served.

and you sacrificed to defend our great country. visiting angels knows veterans. you are the heroes among us. and we are honored to serve you. ♪ visiting angels america's choice in home care ♪

the adr is american depository receipts right now down about 7% this is after jumping 19% and the trading debut, pony overnight raised $413 million in an initial public offering and concurrent private placements, bloomberg news reported that the chinese autonomous startup was pushed back from last week is a firm increase the deal size and address regulatory concerns symbiotic another stock plunging after the robotics company restated fiscal 2024 earnings and slashed its outlook, symbolic reported that it would not meet the deadline for filing the 10k annual report for the fiscal year ending september 28 the company builds artificial intelligence powered systems for warehouse clients in the u.s. and canada. meanwhile we would get back to the stocks that are going higher, take a look at bitcoin crypto investors about to be thing for for for this holiday bitcoin back on the rise today

you are up over 97000 this is after declining on the week, were trying to get that closer to 100,000. ethereum also uprising about $285 or so above 3600, crypto related stocks moving in lockstep with the digital currencies micro strategy directly tied to bitcoin that is higher coinbase, bit farm also higher from seven to 10%. meanwhile to personal computer makers having a rough session as the pc market continues to struggle to recover shares of dell down about 12% on pace for the biggest daily decline since may this is after sales missed estimates in the company forecast a weaker outlook, dell saying they are calling a.i. a robust opportunity. hp providing a disappointing outcome of the cavity forecasting first-quarter profit below estimates as a.i. power computers have yet to see mass

adoption. take a look at solar edge walking on sunshine shares are rising after the solar energy company announced plans to shut the energy storage division and lay off 12% of the workforce layoff sometimes helps the stock is up 7% retailers urban outfitters, look at this on pace for one of the best day in a year end half it's up 18%, this is after posting third quarter sales the parent company of anthropology and free people optimistic about holiday demand, citigroup getting on optimism or upgrading the stock to a buy on the back of the report and that be the price target up to 59 from $40 a share as i mentioned shares are up over 18%. trump tariffs are not an omg surprise buffer business is relying on china for producing their products the ceo of that company that makes the uber popular line of lol surprise

dolls. he is here to tell us how is preparing for a second round of trump terrorists and more importantly what he sees for his outlook for holiday toys this season. mga entertainment ceo isaac clarion is here in a fox business exclusive. since 2019, john deere has invested more than $2 billion in our american factories. today, we're nearly 30,000 u.s. employees strong.

in more than 60 u.s. based facilities, across 16 states, we couldn't be more proud to play our part in supporting americans who work the land and build a better tomorrow. ♪ nothing runs like a deere™.

liberty mutual customized my car insurance so i saved hundreds. with the money i saved i thought i'd get a wax figure of myself. oh! right in the temporal lobe! beat it, punks! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪

>> president-elect donald trump rounding on his economic team the top trade order jamieson greer to be a trade representative greer served as chief of staff to the former trade representative robert lighthizer during the first term and he'll play a central role in shaping the president elect on u.s. imports those proposed tariffs are said to take a toll on the toy industry the national retail federation reporting trump's plan to tariffs on imports from all foreign countries and increased tariffs on imports specifically from china would spike toy prices by almost 56%, mga entertainment is one of the largest privately held toy companies in the world and you know them they make the brats, lol, surprise dolls, little tykes and much more, the ceo isaac clarion joins me now and a fox business exclusive. all night i was looking at the website i have a 14 -month-old so it's so fun to have you on the program. i want to talk business about tariffs how much of an impact will this have on your business.

>> think you taylor, good morning, happy holidays 28 days left until christmas and christmas is on december 25 this year it is coming, the tariffs, mr. trump is a very smart man during his first administration he did not impose tariffs on toys because toys that are a small portion of the whole business and i think he does not want to disappoint kids especially in today's economic times forgetting toys. taylor: are you establishing any contingency plans if he does it this time? >> i hope he doesn't do it, if he does it, unfortunately the toy prices are going to go up and the consumers are very

stretched and the consumers will be more stretched and is going to increase inflation. i am hopeful that he doesn't and i hope he does what he did in the first administration. >> you talked about how stretch consumers are what does that mean for the amount of discounting your doing and the pressure put on your margins. >> what were doing we've created knowing the consumers stretch we have created over 625 very popular toys that are $10 or lower for example, it's a rainbow hi doll that is $10 in the brats baby doll that is selling out that is the 25th and is $10 and we have the

creative available at walmart and it's also $10 will be a lot of products that are going to be attended and then we have a few higher-priced products, this toy is called the dream machine i think your child is a little too young but this is the number one selling story machine that projects the stories on the wall they're scared of the dog. >> talk to me about pricing are you seeing more consumers wanting to buy items fewer than $10 ishat we see the most demand right now? >> yes that's what we are seeing. if you have a great toy and affordable prices, $10 is affordable then the consumers

will be happy and they will put the toy under the christmas tree for hanukkah for sure i been doing this for 46 years christmas is always on december 25 that it always co comes. >> that's one thing guaranteed in life the 20-foot is always here and shows up talk to anticipation we are black friday two days away the psychological kicking off the shopping season are you preparing to see record demand gifted discount on black friday, what to expect. >> black friday and soon to be one month is a whole month phenomenon in every days black friday and we see incredible sales for our products toy business as a whole will be down five or 6% but we are fortunate

with innovation and we have the number one selling art and craft toys and we are growing because of the. black friday has become a major entertainment event that goes beyond one day. taylor: we only have 30 seconds we were facing the strike that threatened a lot of the holiday shopping season a temporary deal we could have another port strike in january doesn't impact you. >> of course it doesn't help that they don't do that with everything that's going on really hope that they don't go on the strike they will hurt the consumer. >> isaac clarion we appreciate you being here and showing off the hottest toys we wish you a happy thanksgiving, good luck. >> thank you nice meeting you. >> thanksgiving eve means many

th to americans, summer preparinthe thanksgiving feast millions are hitting the road in the skies, here in new york balloons in central park forup tomorrow's big parade bookshelf on the photos look were checki t the thangiving news weather, traffic and reveang the true cost of your holiday meal andf course i'm thankful for all of you who tuning each day to watch brian bremmer, jaie deangelis and me on "the big money sh". if you hen't seen us check it we'll be right back.s. p.m.

you need to be ready r what's down t road. we' hnessing breakthrough innovation to irease production ithe u.s.ulf of mexico. r latest deepwat developms so everyone cafollow th. ♪but myeart's of gold ♪ that's energy iprogre. ju one me nit ♪ and i'm ming o ts long a ♪ m on my

i'm y way ♪ home sweet h ♪e there's no pla like the roaho receive a $5,500 bus on aew 2024 audi q5 pg-in hd rduring the seasonus of audi sas ent. goldminewe she doesn't ow that if s owna life ior morshe can sell all or pa of to coventry for cash. a term pocy. even a term picy? even a rm policy! find out if you're tting on a goldmine. call coventry direct day at the mber on your screen, or visicoventrydirect.c

(♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com taylor: is getaway day for millions of americans hoping to make a home for thanksgiving the national weather forecas

terrible today, some snow in colorado and grade of the midwest the ohio valley will push into the northeastern could create the snowy nightmare in lake effect snow beginning tomorrow at the cold front drops in from canada and about 230 million americans have been dealing with freezing temps by friday but it could be cleared out by sundays return trip here is a live look at chicago o'hare airport the tsa is expecting to screen a record 18.3 million people at the nation's airport. it doesn't look too crowded hopefully everyone is all home more than 70 million more are expected to jump in their cars and travel over the river and through the west to get to the holiday destination. i'm so excited for jeff flock he is braving the holiday rush on the pennsylvania turnpike at this hour. how is it looking. >> we've gone over a few rivers and some woods is picking up a

little bit take a look at the scene that i see at the windshield this is the pennsylvania turnpike approaching philadelphia and its moving badges said most of the people traveling on the road 70 million on the roads compared to five or 6 million in the air and another couple million cruising doing buses and trains the good news on the road is moving at the moment pretty cheap interns and gasoline, 307 the current national average for a gallon of regular that's cheaper than it was a month ago and 20 cents cheaper this time last year not quite as it was four years ago but we will discuss that later. aaa says it'll be an all-time record particularly the drivers. >> 2019 with the popular travel year, pre-pandemic and were

surpassing this prepended big numbers were well above pre-pandemic and tsa has confirmed the 2024 has been the busiest year at the airport the busiest security days that they've had ever have happened this year. >> when you compare pre-pre-pandemic to the sheer driving as 8% and a half, flying is up 10% in buses, trains increasing popular up about 18%. were driving on the roads and is moving for the moment if it's 80 million or 70 million on the roads fortunately they're all in one place. >> i'm grateful you're not driving and reading a teleprompter at the same time. >> i'm blind i can't read a teleprompter at to say what comes off the top of my head and who knows what that's going to be. >> and my hands on the road.

>> i can steer with my knees don't worry. >> thank you so much, be safe. >> meanwhile jeff flock was talking about gas prices, inflation is something that means something totally different the day before thanksgiving let's take a live look at central park, volunteers the 17 large character balloons 8:30 a.m. eastern were looking at the minnie mouse balloon she is 60 fetal 60 feet long and 34 feet wide when totally inflated the iconic disney character will make a grand debut in the parade tomorrow. meanwhile inflation isn't so great when it comes to the cost of your thanksgiving meal this year's price to tag down a little bit but up significantly

from pre-pandemic prices madison alworth has been working away in the kitchen all day to prepare for the fox business feast and she has more on what her tab was to feed her holiday guest. >> happy early thanksgiving this thanksgiving spread will be cheaper than last year there is good news to feed your family is going to cost you over $58 like i said less than last year but that's up $10 from five years ago. i want to show you the items that will add to your bill you can't have thanksgiving without turkey, the price is down 6% but over the last five years it is up 23% that's a cost you can't avoid when it comes to thanksgiving something you should not avoid because my favorite side and a good deal are potatoes potatoes are down 26% year-over-year in their down so much the price today is less then five years ago no excuse

mashed potatoes on every table across america you also have to get your greens and their going to cost you more green year-over-year they are down but since 2019 an increase of 21%. the most inflationary item on the table is unfortunately your staffing that is up 8%. in the last five years it is up 52% i think staffing is an iconic thanksgiving piece is hard to avoid but you will pay more this is just the food if you want to wash it down with wine that will cost you more, a glass of vino a bottle of one of 2% compared to last year but hopefully there is a lot to celebrate this thanksgiving hopefully you and your thanksgiving enjoy. >> happy thanksgiving what i always say is water is free that's what i'll be drinking. oil executives are throwing cold water on donald trump drill baby drill agenda with the

president-elect to expedite u.s. energy production on day one we're speaking to the former imagery secretary rick perry is a fox business exclusive and next on "the claman countdown" your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works. hi, i'm damian clark. i'm here to help you understand how to get the most from medicare. if you're eligible for medicare, it's a good idea to have original medicare. it gives you coverage for doctor office visits and hospital stays. but if you

want even more benefits, you can choose a medicare advantage plan like the ones offered at humana. our plans combine original medicare with extra benefits in a single, convenient plan with $0 or low monthly plan premiums. these plans could even include prescription drug coverage with $0 copays on hundreds of prescriptions. and medicare advantage plans ensure that your covered medical costs will never go above a maximum out-of-pocket amount that you know beforehand. most humana medicare advantage plans include dental coverage with $0 copays for covered preventive dental services. vision coverage that includes vision exams and a yearly allowance towards eyewear. even hearing benefits, including routine hearing exams and coverage towards hearing aids. there are $0 co-pays for in-network preventive services like annual wellness visits, mammograms, and prostate exams. and $0 co-pays for routine vaccines and telehealth visits. you get worldwide coverage for

emergency and urgent care when you travel, so you can have peace of mind when you're away from home. and of course, you should be able to see the providers you like. that's why humana works with multiple large plan networks of doctors, hospitals and pharmacies. so, get the most from medicare with a humana medicare advantage plan. you can have more coverage than with original medicare with $0, or low monthly plan premiums, and a yearly cap on your out-of-pocket costs. it's called medicare advantage for a reason. so, call a licensed humana sales agent today to learn more, and to request a free decision guide. remember, annual enrollment for medicare advantage plans ends december 7th. humana. a more human way to health care. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close.

and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts.

>> we are breaking news the price of natural gas plummeting down after the energy administration reported 2 billion cubic feet not gas withdraw from storage in the week ending november 22 not gas and energy independence has been one of the main points at present electron i spoke about during his entire campaign he took the first steps towards energy juul by energy ceo chris wright to be the next energy secretary trumps energy to do list pretty long nuclear power

plant standards in lifting biden's paws on lng export permit and accelerate drilling permits on federal land and approve the keystone pipeline. all of this will kick off with trump declaring an energy emergency on the first day in office in an effort to expedite these plans and how realistic are the goals and how many of them can trump accomplish in the next four years, why don't we ask in a fox business exclusive the former u.s. energy secretary, rick perry, governor it's great to have you on the program. how realistic are the goals especially on day one donald trump go forward with an extraordinary energy plan with not only expectations but great speed so we can expect a lot of the things he talked about two people who are planning on it

let's talk about lng export for instance those companies that are been waiting the people who have bankrolled these projects, now they know they're going to go forward, for the next 60 days or to be in preparation for that. i expect on day one to start rolling in absolutely what he wants to do. he understands america's economy goes back to american trent and a strong oil and gas industry in a small reactor push to get the baseload energy out there, all of that together send the message to the world not just america but the world that were back ready to do business in american enterprise and american manufacturing all of that will take off with extraordinary

power in this president understand this, so does chris write his new nominee for the secretary of energy and the energy secretary of interior, and are highly knowledgeable about the energy sector, full well it's going to be pedal to the metal and grow greater that it did in the last four years to president trump. it's going to be exciting to watch. >> you mentioned a.i. and this is a business show and it's honestly all we talk about into power a.i. we need energy, part of that is coming from nuclear and how much we've come technologically that nuclear is a reliable safe solution. >> i don't think that we have is whether the things we talk about a regular basis i was at a

nuclear conference in texas and had huge turnout there is a nuclear caucus in the texas legislature. i think you will see the texas legislature giving incentives to build out the small reactor's to the roger sager just like they did two years ago were they gave incentives which are driven by the natural gas with an abundant supply in the state of texas the message is clear in texas if you want to buhe a.i. supply into the future that will be able to take care of your needs. >> i want to talk about traditional oil the by the administration has been criticized for the strategic petroleum reserve, the spr and a lot of people say that we need that in case of an emergency how quickly do you think trump can refill the spr.

>> what he will do he will sign clearly from a standpoint of having the type of permitting process number one that you can go on the federal land and long-term commitment in the gulf of mexico to deliver the oil and gas reserves that are out there. opening up this pick is the biggest thing that the president is going to do it is going to send a message when equity get in the way we will make sure it's done safe and secure in the permitting process is quick, then the energy experts out there the wildcat the big oil and gas companies they will go deliver i think you'll see oil and gas prices going down because of the supply that comes in and by doing that the american people will be substantially well served and you will see also continued people putting money into the oil and gas projects since they know long-term this is a good

investment and what the president going to do what is the administration is going to focus on. frankly america has a strong energy producer send messages across the world that you can count on with our friends in europe can get the lng shipments placed in their, that is good news for all. >> we have cleaner oil and when we stop drilling we are looking at rest, saudi arabia, venezuela that is a lot dirtier than ours, the messaging question can the oil industry tell people are oil is cleaner and it burns cleaner and cleaner for the environmentalists out there who get nervous when we say drill baby drill. >> we do a pretty good job but that is this particular point in time people know u.s. oil is better than rushing from the sample of international security or our environment and this will

put sanctions on the russians and iranians, he will get them back in their boxes again which is where they needed to be until they understand you have to be a good neighbor in the world and if you're not you will pay a price. the president is sending the right message to those that don't want to be good neighbors and their parts of the world. i'm excited again about what this president will do for the energy industry but in turn for national security and the environment of this world with even. we only have 30 seconds after restarting the keystone pipeline. >> i think the president will reach out that'll be a private-sector decision that is made if they feel comfortable that the resources are there. i think the open a backup, the point is american energy industry and particularly those that are pipeline they will fill

the void and we will be able to move this product around in the country but the president is right to go sit down with those folks and say hey you want to get back, let's go. >> of rick perry we appreciate your time, thank you for your expertise in analysis. meanwhile the closing bell less than five minutes away, markets are in the red on the last full trading day of the month the dow snapping a five-game winning streak in s&p 500 breaking a seven-day winning streak, meanwhile take a look at where we were for the month of november it is been defined by this postelection rally on the back of prison electrons victory, right now the dow on track for the biggest monthly gain of 2024 bitcoin also shooting up this month and the countdown closer has stock picks to go along with it joining is now the hosted the bobby show, always great to have you was my crypto play the free market

system which was what donald trump wants is the only system that we still have which is in bitcoin with the crypto space, and it's a great play in the stock which is the dividend play in the play on crypto the dividend is up 48% that pays monthly you only have to owner for a couple of years and all your money back out to the dividend and if crypto can grow like it is now we will see the stock will explode and go into the 40s from the low 20s plus the dividend play. i think it's a great way to play for those who don't want to be involved in the actual crypto wallet it's a way to play the future market of the crypto itself is a great play that anybody that was to get involved in a pretty bitcoin there's as many out there that the fact that it exists at the free market system unlike what were watching with the federal

reserve they control markets bitcoin traced 24 hours a day seven days a week and totally based on prices. >> i'm getting need your help and you'll figure out how to get it out to cold storage and into my wallet. you mentioned a free market trading system, goal, treasury, the fed, talk to me about bond yields, we had a huge run up on that reflation trade with trump, we erased some of the i think people wondered if tariffs are more of a negotiation tool and retracing the big increase that we had what you see in the yield space you see the curve is very recessionary once again twos are above the fives and get it above the tens. of course if you go back to september 18 when the fed cut rates for the first time 50 basis points, the ten year note

was a 3.4%, today as we speak there at 4.3% after a second rate cut which tells you do not really to help the general public the rate cuts are more to help the banks to become more profitable, interest rates are going higher mortgage rates are going higher, it's also recessionary especially when you look at the overall debt of the american consumer would never been in a position like this where this many people have a max limit on the credit card debt which their pain rates to begin with. when you look at the big picture, interest rates are going higher this is an inflationary move this is the hidden tax of inflation that were getting played on which is from the biden administration imparted the move that we thought would bring them over the finish line. at the end of the day the federal reserve is destroying what the true free market really is because interest rates like asset classes will taylor: : just quickly 20 seconds, box guy, technology,

why? >> it's a great newcomer that's got great technology for defense. i think it's going to be using the defense industry plus others. great technology, great a.i. and great things to watch out for , and it's a $10 stock, it's a great value play here and a great shot for somebody. taylor: thanks so much and i love how fast you were able to get in a lot happy thanksgiving to you, sir. stocks were down the lows of the session as we're really falling back on the dow and we're sort of erasing all of remember the big record yesterday. >> [closing bell ringing] taylor: light trading on friday. happy thanksgiving, that's it for "clayman countdown", kudlow is next. david: hello folks and welcome to kudlow i'm david asman in for larry kudlow. from bomb threat

tv

Capturing the chaos of the last hour on Wall Street.

Notes

This material may be protected by copyright law (Title 17 U.S. Code).

info Stream Only