particular cnn personality with that name. i think they're doing that i think it was blix or. blitzer is the one it is not blitzer. you remember it. >> you have to start me off, dancer prancer, cupid donner blitzen. david: and of course led by rudolph. you're going to be here for christmas question was. >> yes family is local. >> come to new york it's a great place to be for christmas. >> now we have "coast to coast" in two seconds, here you go. >> thank you david it might be called the red sea but the sheer number of companies pulling their ships from the region as energy prices seeing green but is generally not the green most investors like, oil and gas

jumping as bp and belgium shipping company join a half dozen others, bolting from the mideast waters that a been targeted by houthis rebels and the backing of iran, no matter where the oil is trading it is trading at 3% or so, natural gas prices close to that as well, spilling over to the bond market where rates have backed up on inflation concerns contained last week front and center worry the start of this week, we want to go to edward lawrence at the white house on how to responding to all of this. all of a sudden a complete reversal, what happened. >> president biden wilmington, delaware as iranian proxies are still attacking u.s. troops and positions in the middle east as well as going after container ships cargo ships in the red sea, more than 100 attacks have happened between the iranian back proxies and u.s. positions in the middle east. then all the attacks on shipping and red sea, nine companies are

refusing to send ships into the red sea as today they've added an insurance surcharge on ships docketed injury. >> you taking much longer to get the goods to market it's a disruption of the availability of the ships because you need more ships for the same amount of goods, this has potential to impact in certain top contrary. >> it could impact prices, the houthis iranian back in yemen attacked most of the ships at the southern chokepoint that you see on the map, secretary austin and israel said within the past hour he plans to meet partners on the region on a video call to talk about what's next. >> these attacks are reckless, dangerous and they violate international law so we are taking action to build an international coalition to address this threat. i'll remind you this is not just

a u.s. issue, this is an international problem and it deserves an international response. >> form secretary of state mike pompeo's is a biden administration needs to send a clear message to iran. >> you can't be afraid of your own shadow you have to be clear about your redlines and enforce them this administration is routinely probably all across the world failed to do that and certainly made americans less safe, we've seen what they've done to israel and we know the gulf states are less safe as well. >> currently supply chains could be affected as it takes months longer to go around the gape of good hope if you trying to avoid the red sea. neil: edward at the white house, in the meantime the reaction to all of this with the u.s. air force general and retired, always good to have you on, what's interesting looking at these companies that have opted to get out of the whole area of

the red sea, they did so even with the promise that were eventually going to have a task force protecting ships in the area, i don't know if that's a sign of any of them don't believe it or if any of them did don't know if it's worth it, what did you make of it. >> even if there is a task force you could get attacked and that's what they're concerned about losing their stuff but let's not lose sight of the fact if you remember qaddafi was drawling outlined in the mediterranean and what reagan did with qaddafi's send a strong message he basically wanted it attacked a lot of his forces. all of that stopped, what we haven't seen from the biden administration is the same type of response to let iran know if this continues that their re regime. >> where are we with this with more and more companies and more foreign companies doing this this is a key area of

international commerce that is slowly slowly shutting down. that has enormous repercussions. >> we talked about the monetary implications of this or that with the fed, then going into easy, everybody's happy but ultimately you can't get the goods to market. that's a bigger problem and that's what we face we have a proxy on behalf of iran preventing shipping from getting to market you can't do anything with the fed about that that has to come from letting iran know that there can be threatened if this doesn't stop. neil: in the meantime iran keeps doing what it's doing and feeding and funding the houthis another rebels letter part of these multiple campaigns not on u.s. forces on air but anything western is seems these days and were reluctant to engage iran

for fear of starting world war iii, does it iran know that in place that like a fiddle? >> they do and we go into the cycles in the white house where a lot of times were clenching our hands and not really understanding that the way to send a message to the regimes is really to speak very plainly, clearly and bluntly in the way you do that often times is with force you don't even have to hurt anybody but if they know the forces on the table and it will lead to threatening regime survival they are going to respond to that and then responded that with the attack on soleimani who was a comb combatant. this is what we need to understand were at war with i iran, we have to respond it's not something you can talk about, they will not listen to

talking unless you're talking with very specific uses of fo force. neil: were not quite at that point, very good seeing you. in the meantime oil and a lot of energy prices have been moving up, although not as much as you would think but that's putting a damper on the overall buying. keep up with exxon and chevron advancing that can mitigate the damage from all of this within the dow 30 and broader indices, tim anderson managing director joins us from the new york stock exchange, let me ask you a little bit about that in these concerns is the first time i've seen something like this have an effect on interest rates that have been backing up a little on the latest move on the part of companies to opt out of the red sea. where do you see this going? >> i think it is part of the puzzle the started to come into play last week from the fed

meeting, we got a little bit of a see change at the fed meeting where the fed really moved to where the market was on the potential for interest-rate cuts next year and into 2025. before that the fed funds futures have been pricing in possibly forecasted a lot of market players have been scratching their head because the fed was nowhere near that, the now the fed has moved to close to where the market is and i think that's a bigger story that caused a tremendous sector rotation for two and half days in the market going into the huge volume that were already going to see with the quarterly options expiration and futures expiration and s&p rebalancing at the end of the year.

i think there are a tremendous amount of factors in play what you mentioned was one of them but maybe not the overriding factor. neil: are you worried about the inflation situation i did notice a number of district presidents, governors came out to say don't hold your breath, paraphrasing but to say that the market might still be jumping the gun, what do you think. >> are always going to top-down exuberance in the market and they can say their data depended until over and over and over again they're not really using the terminology i think the terminology got worn out 6 - 8 years ago by now treasury secretary yellow when she was the fed chair. but i think the reality is.

they seem tremendous progress on inflation even on the cpi report last week if you were to take away the data on housing you would have year-over-year inflation of 1.4% in the fed sees this and they know a lot of the actions in terms of raising rates in the second third quarter there was only one in the third quarter and the july hike but the rate hike/tear are now settling in and having some impact in the economy and we've seen that with prices stabilizing in a number of different sectors. neil: it does seemed like this is the market that doesn't want to seize on an excuse to selloff or pause and then you have this deal out of the blue for u.s.

steel and rocketing about 30%. the deals are alive and well in whatever people might feel about an iconic and hands of the japanese and it's a robust atmosphere, what you make of all of this. >> it definitely gives, i feel, 5% interest rates are really, really bad for companies that don't have good business models that maybe never should've come public i.e. during the craze in companies existed a little bit on the margin but for great big multi national companies that are good operators with strong business models and solid growth in their forecast, they have dealt with 5% interest rates, numerous times in the past, you and i discussed before how well the academy in the market did during the second half of the

'90s when we had interest-rate the 5 - 6%. it's a shock for people that have only experienced a 0 interest-rate environment until two or two and half years ago but for people with a much longer historical perspective when it you rather see rates are little bit lower but it's not going to kill economic activity around the globe. neil: returning of the norm is something that we forgotten. once you get used to is the adjustment but always good having you, thank you very much. >> great to speak with you. in the meantime it's one thing whether david axelrod is coming out with a new attack on how much she's worried about joe biden but when barack obama does it and starts visibly looking upset, this could mean he loses in donald trump wins, that's only the game after this.

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>> apparently david axelrod isn't the only former obama official who is worried about joe biden winning reelection apparently president obama himself is concerned about that let's get to read from jacqui heinrich and heather reacting to all that. >> another bad batch of polls for president biden the democratic allies are starting to get nervous, the wall street journal reports those with concerns include former president barack obama who knows this will be a close race and feels the democrats could very well lose and that what he for election according to a person familiar with his thinking, obama worries the alternative is very dangerous for democracy the person said, the latest fox news survey shows the majority of democratic voters 54% would like to see symbiosis the parties nominee as hypothetical matchups show biden losing to president trump and nikki haley, trump by four points, haley by six points in biden tying ron desantis,

according to the washington post it's starting to get to the president head, while he was in nantucket for thanksgiving biden told the group of close aides that the numbers were unacceptably low pushing them to know that the campaign will do to change elvis we are 11 months out for them election of democratic strategist think things will change. >> voters are going to have to go in the booth and make a choice between joe biden donald trump and that will be after billion dollars of advertising reminding them of why donald trump was a failed president last time and will be a catastrophic choice for next time. i don't think the polls reflect what will happen next year. >> president biden thanks for every bad poll that we are seeing, there is a good pull that we are not seen. >> mr. president why are you losing to trump in the polls. >> you're on the wrong poll. >> the biden campaign thanks it is a lockup for biden if he ends up facing former president trump

but we haven't heard a whole lot howitzer party candidate especially one other than rfk junior who they talked about quite a bit my effective odor took turnout. neil: jackie at the white house, the meantime donald trump you would think he would be sitting and protecting the lead but sometimes what he says tends to shift the attention back to him, take a look. >> i think the real numbers 15 or 16 million people into our country and when they do that we have a lot of work to do, they are poisoning the blood of our country, that is what they've done. i will never forget that benjamin netanyahu let us down that was a very terrible thing i will say that. what i see sometimes intelligence that you talk about the intelligence or you talk about some of the things that went wrong over the last week, they've got to straighten it out. they're fighting potentially a big force potentially iranian and when they have people saying

the wrong things, everything that they say is being digested by these people because they're vicious in their smart. >> i said this is genius, putting declares a big portion of the ukraine, putting declares it as independent, i said how smart is that andy's going to going to be a peacekeeper. neil: i meant to focus on stuff he said the last 48 or 72 hours but you get the theme he's kept this up and it's accelerating right now with some of the latest comments someone said were very hitler like that's an eye of the beholder but reaction to alyssa former georgia congressman kind enough to join us, to get a look at the democratic strategist perspective on all of this, doug collins to you, as a republican obviously the president, the former president and his people are saying he was not at a we nazi themes. but regardless do you feel that

it disrupts his strategy of sitting on a lead almost doing the same thing the republicans claim joe biden was doing in the last campaign and waiting it out? >> i think donald trump is going to be donald trump and i think this is a factor on the terrible condition of our border it is not if you notice it's not his character the setback and not he's been doing that when he was president first time when he was campaigning and he's doing it now, what he's doing is continuing to focus on a lot of the voters that are seeing the contrast between what was happening in his administration of what's happening now in joe biden is a administration, that's what he will continue to push for all intensive purposes the primary on polls and what were hearing in new hampshire the race is settling in to be joe biden donald trump race again. >> it's a race that democrats

are losing when we talk to a democrat strategist that said wait for the billion dollars in campaign ads and attack ads that will criticize trump no doubt including some of the comments he has made of late, that is a risky strategy, it is not designating yet and you would think by now it would. >> it is early and what i would say the 2018, the 2020, the 2022 a latch and the georgia runoff for the senate, all of them turned on and i think the biden strategy is bidenomics failed we can win this race, the only way we can witness ways is by attacking trump i think that's what matt bennett was saying and while they show a trump lead in the clear trampoline it is close to the margin of error, i think the democrats think that the strategy were three or four has

a chance of working again this time he would let me ask a little bit about what's going on on the market, the dow for example looking at the fourth straight record close as things stand with had 7.5 weeks on the market this far as we close out a strong year. generally democratic presidents don't like to crow about the markets, as challengers they like to attack them but this is good news for this administration whether it is the cause for that or not many would credit the federal reserve it puts them in a dicey position. irepublican could sizing the president puts them in a dicey position when the markets are doing this as a preview of the coming attraction. >> i think the markets are good for the american people. as i talked to people who worked in wall street several years ago we were talking about the up-and-down with the markets and things going in washington and i had many of the fund managers and others tell me they frankly don't have to admit it probably

but they divorce themselves from a lot of what goes on in washington, d.c., the fed rate determines the great deal of what's going on in the issue of looking to lower interest rates in the next year plays further into that. but going back to what we've been talking about, the political side of this, the biden a administration is going to say this is what we've been working for but the american people are not seeing this, that's what of the biggest issues in the economy is not focused on what american people believe is a problem they believe there is a problem and most of them are not following the stock market to sam doing well or not well, one quick point, 18, 20, 22 in georgia there's a lot of other reasons that this went by and george i'd be happy to discuss those but the issues we have to focus on waiting people feel like the messages in the next ten to 11 months when both expended on the republican side of the democrat side will be driving those messages. neil: thank you both very much. in the meantime the fallout from

elon musk is in a world of controversy right now on things that he says and things that he retweets, whatever you do on x to get you in trouble. the guy has a definitive stamp and wrote the book on him, walter isaacson is next. ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪

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grassy and move on, the world's richest man is still able to pick up little controversy no matter when he comes before a microphone my next guest walter isaacson. i was telling walter during the break, this was one of the last great biographies that was universally praised we had some on entities in and out of the tv. it is true i don't know why that is the case. >> you have a complete picture of the guy in being fair and balanced about it. i'm just wondering with some of the comments he made lately he's going into hyperdrive with the nutty comments, i know he's brilliant and beyond belief and a lot of people say crazy things but he also sends rockets into space and does a lot of incredible stuff, which is it.

>> that is in the book he's always done this, 2018 he's doing the tweet about the pedophile cave diver and taking tesla private and funding secured. he does not have an impulse control he is very both impulsive and sometimes wacky at times and sometimes dark and divine but that's part of who he is, that's why he shooting rockets off when boeing and nasa have not been able to get things off. >> you don't have to be crazy to be this way but as steve jobs once said the people are crazy enough to think they can change the world are the ones that do that doesn't necessarily excuse some of the rabbit hole postings that he does but it does explain it you can understand this guy reading the book and you can make your own judgment, this guy is going too far off the edge or maybe being on the edge of lloyd thompson. neil: i'm talking about a fellow journalist look at him and

second-guess his strategy these are the same people that criticize spacex when you started that it was an eagle mission and i think it has a. of 175 billion, the same way they question him at paypal in the concept of electric vehicles and all the rest. people who judge him are not in a position to judge him. i get all of that. but then there's the other stuff that detracts from that and maybe justice is making great inroads with acts or twitter and he leaves them wondering what to be done to this. >> at christmas time he and his family and his brother have a tradition what you regret doing this year end elon musk said i keep shooting myself in the foot and he does. his reputation when i started this book into 2021, richest person on earth sent up rockets that go up and be reused again which nobody else can do a million electric vehicles when everybody else was giving up what is he do he goes in into a

dark tailspin advised twitter. neil: that was a dark impulse do you think he regrets doing that? >> i think there are moments that he regretted it after he made the offer a year ago but there were mornings that he woke up excited about how he was going to bring into a new era. the thing about elon musk you can't say here's exactly what he feels because he does change. neil: is he anti-semitic? >> nothing is personally anti-semitic but he does not have the emotional feel or tone if i retweets were reposed some of the conspiracy theories about how the left has gotten into gei and that led to too much immigration and that led to attacks and anti-semitism and he gets into one of the complex things as he himself said he never should've reposted the tweets. neil: anyone who reposts that

believes that, when you repost something that you see you believe it. that is not to say it's anti-semitic. he tends to get in to the more bizarre helicopter theme emotions that are out there. >> i think that is definitely true and a problem and his father is that way. one of the things his mother said to me after she divorced his father the danger for elon he becomes his father. he and his father don't speak to have a spoken for years but i get a lot of messages from the father. neil: even now? >> even the past few months, yes and he does believe everything from dr. fauci beta criminal to the whole election. neil: is he a conservative? is he extremely to the right and the people who admired him with the solar panels in the ev's are

coming to discover, now they don't like him. >> it's not so much as a conservative he is a populist anti-woke. neil: he's like trump. >> i think are quite different in many ways. >> they don't like each other anymore. >> in the book i think you see the past three or four years is an evolution of elon musk being a biden supporter, obama fundraiser to being somebody who is more populist and more willing to repost what people call conspiracy theories. neil: is a surreal elon musk the world's richest guy can afford to have the empire state building, he can say whatever he wants to agitate people but this is who he is. >> i think if you spend time with him morning noon and night

for a couple of years there will be times in the middle of the day when he's talking about this country needs a centrist coalition we need to get republicans and democrats, we need to have a packed and then late in the evening he would be at a different mood and have a different sense. i know i say he's material but it's even more than that he has multiple moods and personalities so you can see him shifting. neil: we know what kennedy likes. >> it changes he did like ron desantis but he has gotten as what i would call whether it's bobby kennedy junior or vivek ramaswamy, people who are antiestablishment friends theories in elon musk. neil: nikki haley would not be the person questioning. >> no i think he feels that nikki haley is too much in favor of ukraine and american involvement militarily.

but i don't think you can penn him down on one thing. that makes him hard to say exactly what is he believed but also it is part of the personality, the fabric that allows him to do crazy enough that he think he can change the world. >> he has. >> he brought us into the world of electric vehicles and aerospace travel and ease created robots in a.i. neil: listen mr. harvard grad and among others in oxford road scholar. >> i'd be remiss if i didn't mention the controversy with harvard and the other schools and anti-semitism in the charges of that, what you make of harvard standing by the president right now. >> i think that we have all started to get into the engagement cycle i think clogging gay has really heard the message and will end up being pretty good i had lunch

with my great students yesterday who were here in new york and we talked about what can we do to make sure the two lane campus is safe, i think it has to be done campus by campus where students feel they're not threatened especially huge anti-semitic rhetoric just as you would not want them threatened by races. >> would you think given it to harvard as a result of this? >> no i think harvard is an institution that goes through change and storm fernando believer of institutions. >> i do think it's going to storm and i do think when ben franklin almost went there and he made fun of it i think harvard will survive. neil: is a good thing i did not apply there. >> you apply for louisiana everybody talks about it affirmative-action for kids from

the swamps from louisiana. neil: it worked out well with you. elon musk's book, so much more. according to your screen the dow is advancing, oil prices rocketed again because of the middle east maybe that moment has come we will export after this. [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever. it changes how you eat, how you feel, and how you enjoy life. it changes your smile and how others smile at you. clearchoice network doctors have changed over 100,000 lives with dental implants,

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you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. walter isaacson is surprised oil will didn't rocket more in another international company is skewing those waters around the red sea is a risky area at all these attacks, david malpass is coming up echoing the same that it could've been a lot more of a black swan event and it might but is kind enough to join us

now, great to see you. >> what you make of this is the one part since the mideast war broke out in october 7 where oil prices are lower than they were a global equity markets for the most part especially our own are a lot higher, what you make of all of. >> we can hope that iran and hezbollah don't get more into gaza in the attack on israel so then separately you have this incident going through the red sea it is a reminder of how much of the world's oil moves around on the ocean. it's really expensive in terms of freight cost and omissions. all these tankers are going apart because the world oil market is so distorted, there's not the pipelines that are needed the jones act is a bigger interference of the u.s., you're spending all this money moving oil through the panama kamal, why would that be happening, that is because the pipelines don't go to the west coast of canada and the u.s.

i think there could be a lot of efficiency gains for the world and recognizing omissions cost and freight cost and doing more efficiently. neil: others have said you have this pressure when you are running the world bank we need to be much more aggressive regarding climate change and cleaner energy and all the rest and if we did it depend on all of the fossil fuel related stuff it wouldn't be in the pickle were in. >> there needs to be calculation of how is the best way to get greenhouse gas emissions down and that's not what the world is doing is maximizing how much can be spent on these matters. that again is not a way to have a deficiency within the world and the reason we want that, there's somebody people in the world that are poor we forget sometimes in the u.s. we have our own problems of homelessness and people under minimum wage or not really having jobs that should have jobs but around the

world is much worse that comes from not having an efficient allocation of resources and we can talk about the fed if you want there is the same thing on interest rates, we have big areas of the world that are not maximizing and that means median income in the world is just not rising, the rich are doing fine for christmas season, people that work for bonuses are doing well the people that work for wages are really feeling the higher prices. neil: you said that in a way that proves the fine line you were walking with, goals like clean air are all well and good but you cantered at the risks of academies and creating more poor people essentially. that would often fall on deaf ears, you are under enormous pressure, climate change on steroids and i get that, you were not against the reality but you had to balance it.

>> people forget if you spend more on climate in a poor country you're spending less on child nutrition and spending less on education. neil: did they hear you say that i remember you distinctly saying that. >> imagine the conferences you talk about 80000 people in a conference whose major goal is to spend more money on whatever it is. on electric vehicles. >> they do that but there's no movement in the area, shifting of the burden really isn't happening so it ends up being each country takes it out of their own budget and tries to spend more on expensive solar panels are really available and not adaptation for example to climate change. neil: we forget that there's gotta be a market for this coming can't force the issue were ev's and this technology isn't what these governments and efforts have taken us. many are saying hi bird is the

way to go, toyota gets that, where are we on this. >> wall street loves carbon credits, things that you can trace. >> absolutely. >> the problem underneath there has to be somebody that reduced emissions and so far no one is raising their hand on doing that they want to buy carbon credit so they don't have to reduce omissions, you end up with outcomes that don't meet anyone's goals within the sy system. >> was that a frustrating experience, you did a great job but again you run into this criticism. >> i knew it was a hard job going in and the world bank issues in 1984 directly inv involved. neil: you're not that old. >> barely. >> i knew it was going to be a challenge, we had a clear mission which is to have people's lives better, the

people in developing countries, not necessarily their governments because the governments are in the way of advancement how do you get people's lives better in a world that is really very interested in spending huge amounts of monies on electric vehicle. so with frustration was to keep the focus on development and countries changing and reforming the government is allowing people to get advantage. we've seen and the central-bank area, i'm changing on you a little bit the fed said last week it's going to cut interest rates, who did that benefit interest rates didn't go down the bond market and the stock market went up in price, the help people has assets and that the nero group, they love that. the short rates are still at their peak so most of the world that works for wages their companies are borrowing at a

floating rate and it's going to be months and months before there's any rate cuts, the pressure is still on and more concentrating wealth at the top end. that is the frustration of the world bank. neil: you elaborated very eloquently, that curve is flat and could be problematic of itself. so good to see you, thank you very much. the world bank president deputy assistant treasury secretary of ronald reagan. he looks young but is actually old, something like that. i'm kidding by the way, were looking at the dow and the nasty weather that has been hitting the eastern coast of the united states is 100 million people in its path depending on how far the path goes, after this.

neil: it is an officially winter but it's a time for dangerous storms and a devil of a one battling along the eastern coast of the united states. adam klotz born just. >> typically this time in december it is a winter storm getting into winter but it's so long warm the east coast, it's

been a major rainmaker for most folks, there will be a little bit of snow but the story is going to be the very heavy rain, at this point continuing to lift up into new england even as the rain begins to die down to new york city or some of the other locations the winds will still be in place using augustine new york city 30 miles an hour but the winds have been intense, nantucket somebody, boston seeing aghast of near 40 and some of the gas have been insane region on the high end in boston from 70 getting up to 90 massachusetts, massachusetts one of the areas with high winds and they seen a bunch of power outages over a quarter of a million for those folks same in maine power outages across the entire region because the ground is very soggy and you see the strong winds it takes down trees and tout under power lines and were losing power, rain is going to continue to be an issue with the storm system but we begin to shift into a given area across interior new new hampshire into maine and that's where you see

the heavy rainfall otherwise it is because a little bit of trouble for travel this is one of the worst spots boston were disruptive flights are almost at 50%. a big storm give it until this evening and it will clear out. neil: that is encouraging, thank you very much. were not only following the weather but the reverberation of the busy travel. will be exploring that 4:00 p.m. on fox news because this does have a domino effect on flights you thought books were not quite the same. all of that coming up. i'll leave you with the dow up 19 points. more after this. ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this.

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where we can make the biggest difference. [announcer] charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com neil: southwest airline stock down three quarters of 8%, paid $140 million fine to the government and the transportation to make it of the disaster had last year, are things up and running this year, will talk to the transportation secretary pete buttigieg, we look forward to that and look forward to the next hour in "the big money show", brian brenberg how are you doing. >> it's great to see you we look forward to the conversation i am brian brenberg. >> i am jackie deangelis and for taylor rates, welcome to "the big mone