joey: all right, guys, it's been a great show. see you guys tomorrow. don't forget to get your doughnut if subj pete: have a good saturday, everybody. rachel: bye, everybody. [laughter] david: new york on high alert as it prepares to ringing in 2024.

democrat governor kathy hochul bolstering security after weeks of protests targeting key transportation hubs. much more on what officials are bracing for. but first, fox on top of the over the top numbers to close out 2023 at the border. migrant encounters hitting an all-time high. and on wall street, stocks hitting a series of highs, and on the campaign trail where tensions on both sides couldn't be higher. donald trump getting banned from another tate ballot. state ballot. meanwhile, republican presidential candidate nikki haley is here on that as the first big contest in two key states closes in. many. ♪ ♪ david: and good saturday morning to everyone. i'm david asman in for neil cavuto, and this is "cavuto live." first to the record-breaking number ifs at the border. griff jenkins is here to break it down for us. good to have you in new york,

but you've got new numbers from the border. >> yeah, david, it's really remark remarkable, we're going to end the year with the southern border in the worst border crisis it has ever seen from a humanitarian standpoint to a national security threat. now, cbp telling exclusively to fox news a that as of this morning, december 30th, we have had more than 286,000 migrant encounters in december, the highest single month ever recorded. you see it there on your screen, breaks the record, by the way, of 269,000 -- david: and, by the way, that's not including today, to that may tickle that 3000,000 number. >> it's not there great, but as you say is, it may. there have been more than 777,000 encountered, the highest first quarter ever recorded, david can, and a troubling number i often cite, known gotaways, meaning they were seen or detected, more than 83,500. that's the equivalent of more than the byer stadium of the

dallas i cowboys football stadium. david: and they could be anybody. they could be on the terror watch list or anything. >> that's right. meanwhile, that caravan of thousands continues making its way north through mexico to our southern border carrying a banner that reads the exodus -- [speaking spanish] freedom from poverty. i'm going to get to this in just a minute, this is in mexico with our secretary blinken and mayorkas and president am-lo. but the caravan leader who i have met and interviewed, i've been in contact with him this week, here's a little bit of what he said. he has a message for biden. listen here. >> translator: today we ask joe biden to consider this group. we are going with more than 6,000 people as a family. they are the future of the united states, mr. president. >> and he's acknowledging, david, that as you see from that banner, i mentioned -- push push they're not claiming credible fear asylum, they're coming because of economic reasons for a job.

now, that meeting in mexico city you saw between blinken and mayorkas and president lopez obrador, or am-lo as they call him, that was senate because they went down there to try and get mexico to do something to help stop this up precedented blow flow of my grant, yet there was little readout from the u.s. side. the mexican readout said the leaders discussed, quote, the benefits of regularizing the situation of hispanic migrants who have been undocumented for several years. that is interpreted as amnesty. david: well, including speaker johnson has actually said that and is worried about it. some scary news from i.c.e. yesterday about our northern border. apparently somebody, an iranian who it was suggested that he has ties to terrorism, was a arrested for the second time in. >> that's right. it's an iranian national that has some sort of residency in canada trying to cross in the niagara falls area. the u.s. running the terror screen data base checklist, and he hits it.

it's just a wake-up i call for what's coming across. this fiscal year we've had 30 already, 19 -- 7 in the month -- 17 in the month of november. this is the fbi's data base, by the way. david: i'm trying to imagine what the world would be like if griff jenkins and bill melugin were not at the southern border. >> this is from a few week weeks ago i was in eagle pass, i wanted to give it to you. this is a captain in the nicaraguan navy, he's discarded this id because he didn't want the u.s. officials to see that he has a job, that he is somebody. but he came because he saw the opportunity, and that's what's driving all this finish. david: unbelievable. griff, thank you very much for being here. appreciate it. you're going to be coming on at 12:00, by the way, for the griff jenkins fans out there. but you're coming back at 1 1:00. >> i'll be back in an hour. david: see you then. texas moving to crack down on

the illegal cross, in the new year with a new law, but but the white house is now warning it will sue the state fit goes through with it. to lucas tomlinson who's e in st. croix where a vacationing president biden is ringing in the new year. lucas. >> reporter: that's right. president biden's justice department is threatening to sue texas after texas governor greg abbott recently signed that bill into law which allows texas to arrest migrants and deport them. the justice department writing a sternly-worded letter to the texas governor. it says in part, quote: it will pursue all appropriate legal remedies to insure that texas does not interfere with the funks of the federal government. -- funks of the federal government. here's the response from texas governor greg abbott's office. quote, texas is prepared to the talk this fight all the a way to the u.s. supreme court to protect texans and americans from president biden's open border policies. president biden's deliberate and dangerous inaction at our southern border has left texas

to fend for it. governor abbott signed senate bill 4 into law last week to help stop the tidal wave of illegal entry into texas as the president refuses to enforce federal immigration laws. and as you just heard from griff but it's worth repeating, there have now been over 286,000 my grant encounters at the border just this month, the highest ever for a single month in u.s. history breaking the previous record set all the way back to just three months ago. there have been 770,000 migrant encounters since october 1st making this first quarter of this new fiscal year the highest ever recorded in american history. that's a population size bigger than seattle in just the past three months. here's the white house press secretary recently bashing the texas governor. >> we believe that governor abbott's policies and his political stunts are not safe, they're not safe for the texas communities and our cbp, our law enforcement on the ground who are trying to do their work.

he put them back in harm's way. and and they, you know, they dehumanize, dehumanize and demonize immigrants. that's what his political stunts do. >> reporter: and newly-released report by i.c.e., that's immigration customs enforcement, they say they deported 140,000 illegal migrants last year, about trouble the previous year but, of course, that's just a small fraction of the 2.5 million migrants end count cannerred on the southern border laster year, david. david: lou cast -- lucas, thank you very much. what does my next make all of this? lieutenant crust oliveras -- chris oliveras joins me now. lieutenant, thank you for being here. just to put a fine point on it, the federal government's not ding its job in closing the border, so texas is trying to fill in the gaps, and now the federal government is suing texas for doing what the federal government should be doing. it's wild. >> you know, it is. good morning, david.

of course, you see the hostility from our own federal government trying to stop texas and protecting the southernty of our state and -- southernty of our country and essentially our -- our state and essentially our country. finish it is quite shocking. and this is something that we've been dealing with for the haas three years when we're not only dealing with the surge of immigration at the border in texas and also having to go after and combat criminal activity, criminal organizations for smuggling, drug smuggling, but our own federal government trying to stop us when we're trying to stem that surge of illegal immigration because they've actuallied -- failed to do it in the last tree years. you just put the numbers up earlier, those numbers are quite shocking. that's only the first three months of this fiscal year, and get nothing has been done as far as any significant change from the federal government to stop this surge of illegal immigration. the only thing right now that that's causing harm to these illegal immigrants that they're

coming across our borders the federal government's failed border policies. the state of texas, we're going to continue stepping in, david, doing as much as we can. and, of course, we expected there was going to be some type of lawsuit just like everything else from day one. the infrastructure, the border wall, all the different infrastructures we have put in place at the expense of texas taxpayers, we did anticipate there was going to be some type of pushback from our own federal government. david: by the way, there's the other threat of people coming in, the so-called gotaways, we don't know anything about 'em. we just explained that on the northern border we caught an iranian who was associated with terrorists. that could be happening at the southern border as well. have you seen any evidence of that? >> well, there has, david, for the last three years. and that's why i've said the threat's already here. the threat's been here. when you look at the amount of gotaways, over 1.7 million in the last 3 years which i expected numbers much higher because of the fact that we don't know exactly, that's just an estimation based off cameras

and sensors, that was the whole purpose of having this law in place in texas was so that texas law enforcement could focus on the single adults, those male, those single females that are coming across the key points of entry to actually arrest them for making unlawful industry into the state of texas. that way it'll free pup, it'll alleviate some of those federal resources so border patrol agents can focus on gotaways and focus on those areas of vulnerability along the border. yet it seems like our own federal government doesn't want us to take any action, they want us to continue to just turn a blind eye and let what's happening along the border. david: now, we know the cost in terms of human lives as a result of the fentanyl coming in across the border and, of course, a lot of cities all over america are facing costs that they can't afford. they're going broke trying to pay for the migrants in their place. but there are also deaths of migrants themselves who are lured across this open border. as far as -- last i heard there were about a thousand migrants

who have died since joe biden came into office, right? >> you know, that's a great point, david. that's one thing that we don't talk about too much. we talk about the surge of people coming across and threats, the national security threats, but also the fact that this federal government has allowed the highest number of illegal immigrant deaths at our southern border. and that's why when you sewed -- showed that video of the press secretary talking about governor abbott, his policy, his new law is inhumane, it's going to cause harm, well, it's really, you know, quite shocking to hear that when you see the fact that they have allowed because of their border policy the highest number of illegal immigrant deaths that have taken place along the border, yet they still have put nothing in place to prevent that. unaccompanied children as a well, david. and you mentioned the fentanyl. we continue to see a mass amount of fentanyl coming across our border, and yet nothing's being done to support these families. david: 2024 is an election year, it may well make it incumbent upon this administration to tighten up the border.

certainly for your sake, i hope so. lieutenant chris oliveras, thank you so much for being here, lieutenant. appreciate it. now to the other major story we are following this weekend, looking live at earth cam shots of times square as new york is on high alert. this is as it is preparing to ring in 2024. the state's democrat governor, kathy hochul, bolstering security after weeks of protests targeting key transportation hubs and holiday events. coming up, we're going to have a live report from times square on what officials are bracing for. but first, lots of new year's revelers and travelers bracing for bitterly cold temperatures across parts of the united states. chief meteorologist rick reichmuth has your new year's forecast. hi, rick. rick: yeah. we had this big blizzard across the central plains, and behind that colder air settling in a bit. but overall weather wise not a lot of reprecipitation x that's good news especially as a people are traveling home in the skies

after this last holiday weekend. you see a little bit of snow across parts of the northeast, we do have a clipper system that's going to come in throughout the day across parts of the far western great lakes, and that'll bring a little bit of reinforced snow across the area. really we're turning our attention to southern california. the next storm coming onshore here bringing more rain, we had flooding rain around 9 days ago in towards southern california getting some rain back here, not as heavy this time which is good news but getting some moisture nonetheless. these are those temperatures, 26 in fargo. i will say this time of year can certainly be a lot colder than that, and we're going to see a little bit of cooler air at least temporarily. the longer term forecast, david, becomes interesting. maybe we start to see more of an arctic air mass mid month. cold air has settled town across parts of the south, so form morning -- tomorrow morning, 38 in apalachicola and towards jacksonville and the same goes for the morning monday morning,

so january 1st. look what happens to temperatures in towards florida throughout the day today. we've got cool, at least cool for florida. temps even all the way down towards miami where people want to go this time of year to be warm, only 68 degrees. david: that sounds nice coming from new york. rick: yes, i know. david: by the way, fox weather is the only destination you need for the latest weather news and forecasts. you can stream it on your favorite connected device. remember, it's always on, it's always free. it's yours to tune into. well, maine is the latest state to bar donald trump from their ballot. he's vowing to fight it. will the supreme court need to decide it? and what does his rival rising in the polls say about that in nikki haley is here coming up. we pay for things that we don't need! bloated bundles, the reckless spending! no more... (mom) that's a bit dramatic... a better plan is verizon. it starts at 25 dollars a line.

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david: well, we could get news from the supreme court virtually any moment as donald trump9 and the gop are fighting states

trying to bar him from the ballot. the latest state is maine. here's what the secretary of state there had to say about it. >> under the law there's a very compressed timeline in evaluating this. i came to the conclusion that i could not, unfortunately or fortunately, wait for the united states supreme court to make a decision. the maine law required me to issue that decision. david: all right. so she made the decision. tonight even go through a series of judges -- didn't even go through a series of judges. so where is all this heading? republican presidential candidate nikki haley just moments away. but first, joining me now is former deputy assistant attorney general and uc-berkeley law professor john hugh. by the way, that secretary of state is not a lawyer, and she made this monumental decision about the ballot that may go to the supreme court based op her alone. it wasn't even processed through a judicial system.

what happened to due process, john yoo? >> unfortunately, that seems all too apparent. by the withdraw with, happy new year. david: happy new year. >> her decision -- thank you -- is very short and basically just piggybacks on the colorado supreme court. that's where all the action will be, the colorado supreme court decision is going to be pending at the supreme court right now. i expect the justices will decide to review the case. and the maine case shows you why the supreme court should, because we can't have 50 different standards of who's allowed to be on the ballot, who's not allowed to be on the ballot. we can't have 50 different interpretations of the 14th amendment and who's disqualified from running for president. that's actually why the founders put a supreme court in our constitution in the first place. david: right. >> was to make sure there was uniform interpretation of things like the disqualification clause. david: well, the corner estone of our constitution is due process; that is, somebody, some secretary of state who isn't even a lawyer can point to somebody and say you're an

insurrectionist or point to somebody else and say you're a murderer before there's been a charge, before there's the been a conviction. and that's what's happening with their finger-pointing at donald trump he has not been charge whiched or convicted with -- charged or convicted being an insurrectionist, and yet they're using that charge against him to pull him off the ballot. that is not due process. >> that's an excellent point, david. in fact, it's the opposite. if you remember, the house impeached donald trump a second time and threw in incitement to insurrection as one of the charges, and the senate acquitted donald trump. and then second, there is a special counsel in washington, d.c., jack smith, who has brought federal charges against donald trump for the events surrounding january 6th, is and he declined, he declined, he refused to bring an insurrection charge. none of the january 6th rioters have been charged with insurrection. so as you see, david, how can a secretary of state in maine or secretary of state in oregon or

california all hold a trial, a trial for donald trump being an since remembersist when the actual organs of the federal government have haven't done it? and it's up to them to decide whether he's committed insurrection or not. david: john, i want to switch. quickly to the impeachment inquiry for joe biden which is going to continue when congress comes back. republicans are now adding a new angle to it saying that when hunter biden defied the subpoena show in front of congress saying i'm here, but i'm molt going to go in and fulfill the order of the subpoena. turns out as according to the press secretary in the white house that joe biden knew what he was going to say. is that grounds for impeachment as republicans are now suggesting? >> anyone who deserves a lump of coal in their stocking, it was hunter biden from his dad because hunter biden did open the door for the house to expand their inquiry because what if hunter biden told his dad, hey, i'm going to defy a valid,

legitimate subpoena from congress, and what if he said, dad, tell the justice department to leave me alone and president biden said, sure. well, that would be obstruction. david: wow. which is grounds for impeachment. john yoo, thank you very much for being here. happy new year to you and your family, appreciate it. >> you too. that dade well, we have much more on this with republican presidential candidate nikki haley as she fights for the top spot in two key states. plus, the united states take on iran proxies with new sanctions, a targeted attack and a task force in the red sea. is any of this enough to curb fears of war spreading in the middle east? exam starting at just $79.95. two pairs! and they don't even have to be identical! in fact, one pair can be practical and sturdy, while the other pair is super stylish and wildly good-looking. not that it's a contest or anything. two pairs and a free, quality eye exam starting at just $79.95.

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♪ ♪ david: the campaign crunch is on as the first big contest in the

republican race for nominee close in. joining us now is former south carolina governor and republican presidential hopeful nikki haley. ambassador, great to see you again. thanks for being here. i know he's a rival, but i'd just like to ask your opinion about what you think of all these blue states trying to take donald trump the off the ballot. >> well, good morning and happy new year from iowa. you know, the first thing i'll say is this is, to me, dangerous can. we saw this during covid where government started telling people what to do, how to live, how to think, all of these things. and we saw this intrusion into what americans need to have the freedom to do. and now you look at what's happening in these blue states, and you have individuals who are deciding who the american people should and shouldn't vote on. i will defeat donald trump fair and square. i don't need him thrown off the

ballot. but if we open this door, you can't close it. and the supreme court needs to respond if quickly before any more states to this, because you can't have people deciding -- right now we're seeing too many elected officials decide who's good, who's bad, who's right, who's wrong. that is not your role. if you are a leader, your role to put all the information out there, be as transparent if as you can and let the american people make decisions for themselves. and america's got to stand that out of this -- snap out of this becauses this is more than about donald trump, this is more than about republicans. this is about the fact that if they can start doing this to individuals, you're changing the entire face of democracy when you allow this to happen. david: yeah. it's -- without due process we are all at rusk. that is the cornerstone of our constitution. i have to ask one question, i heard something about the civil war this week and nikki haley, and i just -- i want to give you a chance to respond. but first, we had ron desantis

on, another rival of yours, on fox -- i believe it was yesterday. let me roll tape and get you to respond. roll it. >> it was an incomprehensible word salad. i think she's trying to tell people what the thinks they may want to hear in the moment rather than just say what the tooth is. and you even hear some of this in some of her explanations where she's talking about her truth. no, no, no, it's not her truth or my truth, it's the truth. we've got to throw this postmodernism out the window. david: now, we don't want to hear somebody else talk about what you said, we want to hear you talk about what you said. you want to explain it? >> yes, of course. ron has been desperate from the beginning. you should see the commercials lee doing in iowa. every one of them's a lie. every fact checker has said it's wrong. but, you know, when you're lying, you're losing. so to ron desperate. dewe see that for what it is. i've done 150 town halls, and we shake every hand, we answer

question, and i stay until the last person leaves. and we take questions if everybody. republicans, democrats, inexempts, whoever shows up. we don't screen them, we let them ask whatever they want. and we had a question there and, yes, of course, the first thing i should is are said was slavery. i completely agree with that. when you grow up in the south, slavery's a given. like, when you think of the civil war, you know office abouy are. that's not -- that's never been in question, and, you know, you look at i'm a southern governor who actually asked and got the confederate flag to come town in front of the statehouse. so slavery, if you grow up in south carolina, you know that that's a huge part of history, but you take it for the lesson that it is which is, with yes, that's a sustain stain on our history -- a stain on our history, but where do we go with it from here, and that is what is the role of government -- david: right. >> and what rights and freedoms to individuals have. we want the always fight for

prix tom of speech, freedom of rehiggs, freedom for a person to do anything they want to do without government or another person getting in their way. that was -- if you went on and heard the rest of the explanation, that's what i was trying to say but, yes, i should have said slavery right away. said david slavery is the adult example of -- ultimate example of government taking away your rights. >> that's right. david: that is the worst example of how a government could go. i want to get to the issues now. the world, as you well know as former ambassador to the u.n., is a very dangerous place right now. we've got two wars, one in the middle east, one in ukraine, and china, horde knows what they're going to do with -- lord knows what they're going to do with taiwan and iran, they may get a nuke one of these days. how would you make the world safersome. >> well, first of all, your goal should always be to prevent war, and joe biden is not doing that. he has got one foot in, one foot out. he's putting his head in the sand, and our enemies smell blood in the water. i dealt with russia, china, iran

every single day. i know how they think. the first thing we have to understand is if ukraine wins, then china won't invade taiwan. if russia wins, russia has said poland and the baltics are next. those are nato countries, that puts america at war. we have to prevent war. giving ukraine the equipment and ammunition to win is hugely important in doing that. finish i don't think we should ever give any country cash. friend or foe, because you can't follow it. i don't think we need to put troops on the ground, and the crepe temperatures want to win this on their own -- ukrainians. but don't ever forget that a win for russia is a win for china -- david: by the way, you said something, quickly, you saiding? interesting, we shouldn't give cash to country, we should give them goods. makes a lot of sense. has this administration been giving cash that's untraceable? >> yes, they have, and that's why the american people are distrustful. and that's not the way you need to go. joe biden hasn't told people why they should care about ukraine. he hasn't told them that this is

the way to prevent war if us having to send men and women overseas. we don't -- my husband's deployed now. the last thing i want is for him to fight a war. and joe biden hasn't done a good job explaining it. you look at israel, and you see israel is the tip of of the spear when it comes to defeating terrorism. 33 americans were pusher -- butchered on that day. we have american hostages. right now there's a reason the taiwanese want the u.s. and the west to support ukraine, because they know if ukraine wins, china doesn't invade taiwan. there's a reason ukrainians want the west and the u.s. to support israel, because if iran win, russia wins. david okay. ambassador, we wanted to talk about the economy, the border, there's so much more issues, i think there will be time though. you've bot to come back. stay safe on the campaign trail, please, and have a wonderful new year. >> thank you. go to nikki haley.com. 16 days until the iowa a caucuses, we're excited. david: all right. thank you very much.

well, transportation secretary pete buttigieg telling me that americans love their electric cars, but do new sales numbers show they may be falling out of love? also, stocks and housing defying scary warnings at the beginning of 2023. will investors and homeowners be partying again in the new year? ♪ so tonight i'm gonna party like it's 1999 ♪

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david: so there were lots of dire predictions for stocks, housing, the overall economy in 2023 as the federal reserve was raising rate, but it ended up being an extremely good year for the markets as the fed stopped hiking and suggested next year it would be cutting. look at this. all the major markets rising for the month, quarter and what a stellar year. so the question now, will it continue into next year? joining me now is market watcher and chef extraordinaire, kenny polcari. kenny, great to see you. amazing. i mean, the dow was behind, it was up 14, but the nasdaq was up 43% in 2023. will it continue in the new year? amaze -- >> amazing, isn't it? it really is an amazing story when you think back at all the headlines. so, look, i do think it's going to continue in 2024.

i don't think it's going to continue at the pace it did in 2023. i don't see the nasdaq up another 44, 45% on the year, but i do think that there is momentum, that the rally is broadening out. now, look, the most recent narrative now that the fed has gone from not discussing rate cuts to discussing them to maybe cutting twice, two or three times to now five or six times has clearly driven this year-end rally. i think it's going to run into a little bit of a headwind in the first of the year, right? the first of the year as people lock in some profits on these gapes that they want to -- gains that they want to put off paying taxes until april of 2025, but then i think that the rate cuts, if we get them, will help us support the market. you also have to be careful because if we're cutting rates by five and six times, that's not sending the message that, hey, guys, it's all great, it's coming up roses. that's sending a very different message about the condition of the market and the economy that the fed is seeing. so i'd be careful on how many rate cuts you really want to

happen because there are two very different messages. david: right. well, and you hit on this a little bit, but there is this disconnect between wall street and main street. most voters hi the economy's bad, that it really stinks, that even democrats, 61% of democrats think it's a bad economy. so that disconnect -- will that kiss connect -- disconnect into 2024 or perhaps the market come down or expectations of voters go up? >> so i think the disconnect continues because a lot of it is driven can by what people think the fed is going to do. lower rates will make stocks more attractive, right? treasury yield will come down. money will come back out of treasuries and go back into the market. a's e where the disconnect -- that's where the disconnect happens. i agree with the poll, the economy is not in the best place. if you bo to the grocery store, every day prices are still rising. al albeit at a slower pace, but they're still rising. they're not steady and not

declining, and that's the disconnect that people feel. they are separate events, right? and the market will be driven by expectations where rates are and how these economies finish how these companies project going forward. and that's going to be something people is have to listen to in january when the earnings start to -- look, we've already gotten fedex, general mills and nike. they beat their numbers, but that's the history. their forward guidance was very, very cautious, and we saw what happened to each one of those stocks. bang, bang, bang, they took 'em right down. and that's my fear, that that's going to be maybe more the narrative that we start -- and that's going to cause some headwinds -- david: they're giving me a wrap, kenny -- >> just means understand that. david: kenny polcari, i wish we could talk more. my wish for 2024 is i get to eat a meal by chef poll carry. >> i'm happy to do it. bring me 209 kitchen in fox stewed grows, i'll be happy to do it. david: great to see you and happy new year to you. meanwhile, the it was a good year for home e open ores but a

tough one for home buyer withs. prices soaring while mortgage rates moved higher and home affordability hit a record low in 2023. will there be any relief in the new year? real estate contributor and host of mansion global on fox nation katrina campins joins me now. what's extraordinary looking at the average monthly payments for a new home, they went from about $17000 when president biden took office -- 1700, now they're at 3,300 a month, that's a 90 increase for -- 90% increase. it's very tough to be a new home bypassier, isn't it? -- buyer. >> yeah, 2023 was extremely challenging. now, as far as what we see coming in 2024, for a general win housing market recovery, inventories must rise substantially. mitigating upward or pressure on prices. interest rates are going to play a pivotal role, i think everybody agrees on --

[no audio] david oh, it looks like we lost katrina a that. oh, she's back now. go ahead. >> -- to surge again. david: there to you go. >> am i there with you? david: yeah, you are. >> so is i was saying for a genuine housing market recovery, inventory levels must rise substantially mitigating upward pressure on prices. interest rates are going to play a pivotal role while a rapid decline in rates might seem beneficial, it could cause prices to surge again. instead, a gradual reduction in rates could be more beneficial for market stability. it's important for mortgage rates to return to normal range, potentially aligning with rates observed between 2014 and 2019. however, this normalization may take time despite recent rate reductions. mortgage applications activity actually remains subdued. nevertheless, i predict a rise in total mortgage origination volume in 2024 potentially nearing $2 trillion as rates

approach 6%. fannie mae echoes this sentiment forecasting a slow yet meaningful recovery in single-family mortgage originations in 2024. you know, persistent low inventory levels continue to be the main challenge in the market. particularly for entry-level homes. however, some positive indicators exist that buyer sentiment is improving, and single-family building permits have seen consecutive monthly increases. so i do believe that 2024 is going to be better than 2023. i think it's going to be a slow progress, and as rates continue to drop, there will be more opportunities for buyers. a david katrina, thank you so much. have is a wonderful new year. appreciate you being here. we're going to take a live look at times square courtesy of earth cam. can we get that up? yeah, there it is on the right-hand side of your screen. meanwhile, officials are scrambling to beef up last minute security for the ball drop as they expect war protests to drop. we're on that. and as the u.s. is hitting iran

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[inaudible conversations] [background sounds] david: really extraordinary. the new protest chant out on the streets is cheering on terrorist attacks by iran proxies in the red sea. how about that? all as u.s. officials are fighting to protect the key shipping area. more on those efforts in just a moment. but first to the war misreel where it's pushing deeper into central and southern gaza saw. alexandria hoff is tracking it all from d.c. >> reporter: hi, david.

yeah, gaza's far southern end is where tens of thousands of already displaced a palestinians have relocated in recent days crowding into camps in rafah's western outskirts. there there is new fear among the now homeless and continued homeless, there's no safe zone is. israel says that is not true. last night israel struck -- embarked on air and land strikes, they intensified in the gaza strip's main southern city. palestinian health authorities there reported around 2000 killed. -- 200 killed. the israeli minister of defense said we are focused on the can younis area. khan younis area. the i, the f if says it is striking the exact kibbutz that was the base for the hamas mill if about thes before they crossed into israel and launched the october 7th attack. israel reported they have eliminated senate terrorist tunnels and target it is like rocket launch positions. joint chiefs of staff general

c.q. brown spoke with his israeli counterpart, the pentagon confirming they discussed ongoing and future operations in gaza to include transitioning to stabilization operations to facilitate delivery of humanitarian aid for civilians in gaza. meanwhile, the treasury department has taken aim at houthi rebels considered responsible for at least 22 attacks on commercial ships in the red sea. new sanctions have been issued on three exchange houses and one individual who helped money flow between iran and those rebel militants. several global companies are warning of shipping delays because of vessels rerouteing to avoid the red sea. david? david: alexandria, thank you very much. so is going after iran the only way to stop these attacks? former uss cole commander kirk lippold is here coming next.

david: the iran proxy attacks on u.s. forces now up to 108 as they keep escalating. we keep asking, what can we do to stop this? let's ask former uss cole commander kirk lippold. commander, happy new year, thank you for being here. there's an old saying in journalism, follow the money. well, it all seems to lead back to iran, doesn't it? >> happy new year, david. yes, it e really duds come down to the money. and at the end of the day, what that means is the first thing that the u.s. should consider is you hear a lot of people talking that, jeez, we should go from these attacks on our forces directly to kinetic, in other words, we should be attacking. the reality is we could go and and start doing pre-joint ycpoa -- jcp if oa a, or iran nuclear agreement, we could put sanctions on iran. we could begin to inspect

they're type. but in actual few, you follow sanctions, you get to the money. the money is what iran needs to con this war. david: and we've prune that. we had the maximum pressure campaign of the previous administration where we imposed these zapses, and for some -- sanctions, and for some reason this administration took those sanctions off. we don't have to put our troops at risker -- are risk. all we have to do is turn off the pig got that the biden administration opened for the iranians. >> it's also the obama administration. they're so desperate for that nuclear agreement which at this point, let's be realistic, it is dead. the enrichment activities by the iranians and the ayatollahs have clearly proven that they are after a weapon, they're going to continue to pursue it. it is going to be a she the -- destabilizer not just for the middle east, but the world. so we need to take positive steps to do the snapback sanctions and continue to

strangle iran as a quickly and effectively as possible. we also need to make sure that a our allies both in the far east and in europe get onboard with it because they need to understand that at this point the world is entering, and especially the united states, a period of strategic danger between russia, china and iranian activities that are destabilizing the world. david: well, commander, what do we do if iran does get a nuke? >> you know, i think that at that point we're going to have to look and figure out what we need to do and we destroy that capability. i'm i'm sure that right now the joint chiefs of staff are very diligently working trying to figure out can a strike be done, but you have to remember we may have a say in that, but at the end of the day the country that is threatened the mote by those -- most by those nuclear weapons is israel. and i would not be surprised if israel gives iran the opportunity, disarm, stand down or they would make iran cease to exist. david: commander, you have some ebbs experience with attacks op u.s. ships yourself as command e

of the uss cole. have they stopped now in the red sea? because there is more commerce. we don't have much time, but has the task force been successful? >> the task force has not been successful, and while maritime traffic has picked up, you can see a number of nations is have chosen not to come under any kind of u.s. or coordinated control. they're taking care of their ships first. so it's a very disjointed effort, but at the end of the day, the biden administration, secretary austin need to exercise leadership in that area to demonstrate that we can keep those shipping safe. david: well, thank you for exercising leadership as command of the uss navy. we really appreciate you coming in. commander lip old, thank you for being here. happy new year to you. >> thank you, david. happy new year. david: thank you. so what is the potential political impact of all of this? we'll explore it in the next hour. and it's not just are republicans sounding the alarm over the record-breaking migrant crisis. here what big city democrats are saying about it next. somethin'.

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