the few h new year's eve ball. nypd canceled scheduled days off ahead of the new year's celebration of times square. all uniform officers must report according to "new york daily news," 16% of the force, officers, called out sick. if you're planning for time off, not in the new york pd. david asman in for neil cavuto. david. welcome to "cavuto: coast to coast." i'm david asman in for neil cavuto. president biden's team is on cleanup duty after the president said there is no federal solution for covid as the virus surges coast to coast. plus a big gas pain may hit your wallet in the new year. how high gas prices could climb in 2022. the san diego county district attorney is vowing to stand up to the crime surge as zero bail

and other crime policies sparks the state's law enforcement community warn it is very, very dangerous to be in california right now. i will be talking to the san diego county direct attorney later this hour. to our top story today, the white house plotting out its next steps to fight covid as it tries to clean up president biden's messy message there is no federal solution to the pandemic. fox news correspondent david spunt is in rehobeth beach, delaware with the latest on the administration response. reporter: david, hi to you. within the last hour the president's covid response team held a news conference highlighted a federal response beginning with an moments of that briefing announcing 13,000 national guard troops would be helping in 48 states at this point with testing problems. we also know that ventilators have been shipped out to more than 30 states at this point. so clearly the covid response

team showing that there is a federal response. testing david, continues to be a headache for this administration. people are waiting in lines not one, not two, not three, but in some cases, four, five, six hours. on monday the president himself admitted his team was behind the eight ball on testing. the president also is denying a "vanity fair" report that his team turned an opportunity for more testing opportunities months ago. but the author stands by it. she is a investigative reporter the she tweeted in part i interviewed seven people who attended the meeting five experts and two administration officials. two days after the meeting the white house communication officials said the idea would not be pursued at that time. several attendees the president who said this week there is no federal solution maintain there is is a federal plan. he is under increasing pressure whether he will mandate vaccinations for millions of

people who get on an airplane. yesterday he had not been briefed or yet made a decision. >> i don't think people should expect all of should own tomorrow or next week we'll be saying that you need to have a requirement for vaccinations to get on a domestic flight. when i say something's on the table i mean we keep an open mind and we consider anything and everything that might be appropriate to protect the american people. reporter: david, even talk after travel mandate has critics already complaining. >> when you have a leader overstep their authority especially in time of crisis that is when you break this country. reporter: within the last 30 minutes dr. anthony fauci at a news conference was asked about the travel mandates. he said at this point there is know reason to have one. he said that he is always going to keep an open mind, kind of what you heard in the sound bite but nothing guaranteed right now. and dealing with more testing

issues the fda announced yesterday david that those rapid antigen tests, swab in your nose around, 15, 20 minutes, the fda putting out a concern that those tests are not overly effective when it comes specifically to the omicron variant. david? david: that is upsetting to learn. david, thank you very much. meanwhile health officials across the country are calling out the lack of monoclonal antibodies and other therapeutics as omicron surges. gerri willis is here with more. a lot of hair pulling going on, gerri. a lot of health officials want the stuff and they say the shelves are empty. reporter: rite. you got that right, david. what we find is that americans are struggling to get treatments and to get covid tests amid shortages. one florida official is accusing the biden administration of holding back treatments from his state. florida's surgeon general, joseph ledapo the federal

government that is quote, actively preventing the active distribution of monoclonal antibodies treatments in the u.s. by pausing shipments of the covid-19 treatments manufactured by two major drug companies. texas officials are saying they're running out of monoclonal antibodies treatments and vermont officials, they say the treatment is scarce too. the monoclonal drugs are used by people with preexisting conditions that make the vaccine ineffective for them. it is also used as a cure for some cases t requires infusion into the bloodstream and has to be done in a hospital setting. the department of health and human services alarmedded authorities several states where antibodies are used announces the changes in the way the dream is distributed. we reached out to health and human services to see if they had a comment about the florida surgeon general's comment.

no response yet, david. back to you. david: even before the surgeon general chimed in governor desantis has been complain about this for months now. he can't get -- used state money in order to get a special shipment from glaxosmithkline. we're going to be talking more about that coming up, gerri. go ahead. reporter: well, the surgeon general there saying it makes difficult for individual decisions to treat individual patients when they don't have access to everything they need. david: absolutely. you want options. that is the key to good health care. thank you very much, gerri. some school districts meanwhile are looking at remote learning after the holidays as covid surges. once again with the remote learning. fox news correspondent mike tobin has more how schools are handling the pandemic going into 2022. remote learning, mike, i thought that was a thing of the past? reporter: and i think your kids are too old that you have to deal with that but unfortunately a lot of parents are facing this again. the return to school should be

january 3rd or 4th for a lot of school districts. with the omicron cases surging a lot of teachers are leaning in the direction of remote union. chicago teachers union polled rank-and-file the teachers responding would support remote learning. they asked mayor lori lightfoot provide more testing and vaccinations and contact testing. with teachers coming down with covid they expressed concern that there are not enough adults in the school to maintain safety and order. >> the mayor does nothing to acknowledge the fact that these members, parents, students are risking their lives and their health every single day they come in dedicated to work. mayor lightfoot, do something. reporter: and it is not just chicago and new york city. teachers are demanding they want bill de blasio to consider the remote option. the mayor however, made it clear

that he is against that. >> our schools have been extraordinarily safe. bluntly the safest places to be in new york city, very low levels of covid. schools need to be open. everyone talks about the needs of our kids. their health needs, physical, mental health, nutrition needs, social development, academic needs, schools need to be open. reporter: new jersey, new mexico, they're going right into, school districts there are going right into remote learning instead of coming back into class. in fact you're looking 1000 school districts across the nation that will have some kind of disruption to norm in-person learning david? david: we've already been set back a year or more in many of the places in the country with this remote learning. it's a horrible thing to think we might go back to that. mike tobin, thank you very much. as we've been mentioning despite president biden's claim covid treatment should be led by the states and not the federal government florida's surgeon general claims the feds are actively preventing them in

florida from getting what they need in order to covid patients specifically the highly effective monoclonal antibodies treatment. so are mixed messages from the white house needlessly setting back our response to the omicron wave? let's bring in "new york post" columnist, fox news contributor, michael goodwin. michael, where is the president going with this? a lot of people don't know. one day's one thing, the next day it's another. >> thank you, david. i think that is a correct reading. i don't think there is a clear message. i think there are many messages on many days but they often contradict. the president himself i think is at the heart of the problem here. he is clearly, if you watch him and listen to him, and you watch his staff, he is more of a presider than he is a leader. he is, you don't get the sense that he is really fully the president, the commander-in-chief of this war against covid. he talked a good game on the campaign trail but here we are a year into his presidency and

nothing's working well. the testing issues, the treatment options, all of these things seem to be less clear than they were even a year ago. i mean, the for fauci to be talking about a mandate to fly domestically, then say well, we're just discussing it, we don't know, it is not there yet. david: horrible. >> all of this throws people up in the air and i think this particularly testing, these scenes of people standing in line for hours to get a test when the president promised repeatedly there would be lots of testing available. this is a consistent problem that goes back to to the beginng of the covid pandemic and yet here we are, i should say, nearly two years into it and this basic problem is just still apparently existing and maybe even getting worse. david: michael, particularly when you hear what the florida surgeon general is saying, governor desantis down in florida is saying this for

months now he can't get the mabs, monoclonal antibodies, that he needs. i can't help cone interesting it with what happened with the trump administration. for example, when new york was in a hospital crisis at the beginning of the pandemic immediately president trump, even though it's a blue state and president trump represents the republicans, he went in there, got the hospital ship to come in, set up all these tent hospitals in central park and elsewhere, in the javits center. did the same out in the west coast with again blue states that were having particular trouble. there didn't seem to be this hesitancy or lack of fortitude to go ahead as a commander-in-chief and make things happen. >> well i think the case of the ventilators was another example of that. david: that's right. >> when states determined they need ventilators, the federal government weren't on a spree to use the defense production act to build them. he bout them wherever he could

around the world, sent them around. as it turned out new york didn't need nearly as many bed or ventilators but they were there. the federal government delivered. here you have joe biden as i say almost two years later and the federal government he says there is no federal solution. that sounds to me very much like surrender. we can't get it right, therefore we're just going to punt. we're going to get out of this business. we'll not take the responsibility anymore. i suspect that they looked at the polls. they realized that the president's standing was in the toilet on this issue. they thought the best way they could never catch up, could never really solve it, take it off our hands give it to the states as though that will make things better. it might help the president politically but i don't see how it helps the country in terms of fighting the coronavirus. david: mike, you kind of lead to a question here, it has been posed by a lot of people, whether this is more than just ineptitude on the part of the biden white house. whether there is sort of

vindictiveness talking about florida, what is happening there where governor desantis has gone so far against the president with all of his mandates. is this move to deny florida the monoclonal antibodies that they say they need, is it a political hit more than just sort of mixed messaging, et cetera? >> you know, that certainly offers itself as a potential answer. i'm not sure. i don't think we know enough at this point why is the cdc not offering more of these treatments. why is it taking this position. i mean does it, does it not believe in these treatments or does it not have enough of a supply? i mean what is the answer? i think that's what we have to find out next. david: now has, this is the key question not only for 2022 but also for 2024, for the entire democratic party, has the president lost the support he had in the beginning of his presidency as a man who can

handle the pandemic? >> i think there is no question about that. you know, you're starting to see, david, a realization that a lot of the shutdowns were an error because you're seeing, you played the clip of new york mayor de blasio wanting to keep the schools open. there was a press conference involving the mayor, the next mayor who takes office saturday and the governor hope -- hochul all saying they want schools to stay open. there is this sense across the country schools in particular must stay open. we're starting to see that in terms of businesses, with the quarantine, if you test positive. the national football league has now reduced the days of quarantine if you test positive. so, the cd-c is recommending similar moves. so i think there is, the good news here if there is any, there is this growing sense that lockdowns, whether it be economic or schools or travel

just don't work. david: although, michael, forgive me for interrupting, left-hand side of the screen, keep that shot up there, take my shot down, look at sixth avenue. look at this, michael, sixth avenue is deserted. i understand the period between christmas anew years. there is a little more traffic. omicron is one of the reasons. a lot of these mandates is another reason why. quickly. >> the one in new york city particularly galling, children who are not vaccinated cannot eat in restaurants. you invite the tourists to come. you want them to come. then you say, whoops, we're going to send the police to take you out of the restaurant because your children are not vaccinated. that is the kind of mixed message that i think just creates chaos and anger and defeats the purposes of a reopening. david: it can kill cities. literally kill the livelihood of cities. michael goodwin, good to see you, my friend. thank you very much.

appreciate it. have a happy new year. new year, new gas pains, why the cost to fill up your car could hit a record in 2022. we'll have more when we come back. ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. hi, i'm debra. i'm from colorado. whose resumes on indeed match your job criteria. i've been married to my high school sweetheart

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david: a new report from gas buddy says the gasoline prices are on track to reach a national average, get this, four bucks a gallon next year. of course just in time for the summer driving season. jeff flock is in p.a. l sb oro, new jersey with more on this. jeff, say it ain't so? reporter: i wish i could, david. this is the pbf refinery back there. this is the cracker unit. that is where they start process of turning oil, increasing scarce and expensive oil into increasingly expensive gasoline. look at the numbers, the study, the forecast i guess from the folks at gas buddy. the forecast each individual household spends $364 more over the course of a year to fill up its tanks than they did the previous year. how much in total? $76 billion. that is money that comes out of

the general economy really and goes into people's gas tanks. that has multifaceted impacts. they say as you point out the worst month is going to be june. could get as high, national average of $4.13 by june. why all of this? well a de-emphasis of fossil fuels and a emphasis on electric cars. listen to what andy lipow told us. >> i do believe we'll continue to selectric vehicles impact on fossil fuel demand especially in a state like california which governor newsom has asked to stop the sale of gasoline-powered cars by 2035. reporter: what about the wheel rest of the country? you know, there just aren't the investment dollars out there now, david, because of the focus on green energy. take a look at the amount of oil reserves that were discovered over the course of the past

year. 4.2 billion barrels of new oil in terms of reserves? that sounds like a lot. it is just a third of what was discovered the year before. it is the lowest amount of new oil discovered since 1946. i don't know if either of us remember 1946. the other thing, pipelines. we built a lot of pipelines but they're now apparently 50% empty because not, oil is not being transported via pipeline or anywhere. boy, you're lucky, you live in new york, david. you can take the subway. i got to drive. david: you haven't heard about how dangerous subways are i guess. nobody takes the subway anymore, my friend. you use your feet. you walk. reporter: lose your life. david: i think that is what the administration to do. kill fossil fuels by getting everybody to walk. maybe that is the solution. jeff flock, thank you very much. reporter: we should all walk more, i agree. david: i like to drive when i

can. the biden administration's push to solve inflation meanwhile by being cracking down on businesses using antitrust violations essentially blaming businesses instead of government for inflation may actually cause bigger inflation issues. this according to a democrat, former treasury secretary larry summers. he tweeted out, quote, the emerging claim that antitrust can combat inflation reflects science denial. there are many areas like transitory inflation where serious economists differ but antitrust as an anti-inflation strategy is not one of them. joining me now kingsview asset management cio, scott martin, point bridge capital founder and ceo, hal lambert. good to see you, gentlemen. thanks for being here. scott, you have to hand it to larry summers. he is going against the woke crowd on this one. that is brave to do for a democrat. >> looking outside of the box, larry -- david: looking inside the box.

>> inside, wanting to jump out of the box david as far as figuring out the right way to dial with this we do have evidence. larry summers hit on some of the science of it. look at the history of the last year. the war the biden administration put on the oil industry, closing of pipelines, other special assessments, other rhetoric, talk against the industry, look what happened to gas prices and supply. if you look at it going forward, especially the meat industry, can we have the government just leave the businesses alone? look what has already happened to what the government has done for businesses with respect to the covid breakout. now they come in with regulations and any trapping let's say on some of these businesses as far as how they should operate going forward. it looks terrible for the consumer. it will drive up cost because supply will go down. david: hal, face it, this is an antibusiness administration. there is no getting around it. there are not business people in the administration. i can't think of one offhand maybe there are one or two but i can't see any. there are literally seems to be an anticapitalist mentality and

also an attempt to divert blame that they have have, their own responsibility for creating inflation through deficit spending and all sorts of things and putting it on the backs of businesses, right? >> oh, absolutely. i mean this administration is filled with academics and lifelong bureaucrats that never created a job in the private sector. none of them have. including the president and the vice president. so they have, they don't have a clue how to create jobs. yes, they are trying to play the blame game and blame businesses for their failures. it is not going to work. what larry summers is saying get off the campaign trail and get real and look at the real causes of this inflation. i don't agree with larry's assessment of it he thinks because we need to outsource more jobs to china and take tariffs off of china. that is his solution for it. he thinks we have a worker shortage. we have a worker shortage because of the policies of this administration to create universal income to pay people

not to work. we have a worker shortage that creates higher prices in labor. causes people to sit home. they're handing out money. people are spending money. it is driving up prices because we don't have a supply chain that can handle it. that is the reason for this. it is all their policies. that is, that is what they don't want too admit. they will continue to play the blame game through 2022 as we go into the next election. david: very quickly, scott, we have only 10 seconds here, there is a tool that scares me, that they may pull out. that is price controls. that always leads to shortages. do you think they're going to use that next? >> i do. insert awkward kamala harris laugh here because any kind of price controls take away the free market, david, and that hurts consumers in the end always. david: empty shelves that is what price controls lead to. gentlemen, we'll see more of you coming up. also coming up we remember nfl great john madden ho passed away unexpectedly yesterday. he was 85 years young.

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>> this is your life. right now there is no place you would rather be than right down there on the field. bam. the blitz starts now. you know they run in there and they collide or something. it is boom, that is what i say. david: what a, what a character. the one, the only, john madden, football world of course lost him unexpectedly yesterday. madden rose to fame as coach of the oakland raiders, winning the super bowl in 1977. he was inducted into the professional football hall of fame in 2006. it clearly said, there never has been, never will be another exactly like him. fox news sports analyst, sportscaster, jim gray. jim, we lost a great, great member of the professional world of sports. do we know what the cause of death was, jim? >> i'm not certain of that, no. david: he was 85.

he was active until the end, we do know that. he looked like a player. in fact he was drafted back in 1958 by the philadelphia eagles but i don't think he actually played a game, did he? >> he was an offensive lineman and john was really proud that he had played that position and, talked about it a lot. in fact he was always in wonderment how an offensive lineman turned out the career where he did, the great coach, high winning percentage. david: i thought he had an injury that prevented him from playing. he played a little which was great. he was so much more than either a player or a coach even. he was one of the characters that really propelled the nfl, propelled professional football into the sport in america? >> i believe he is the most popular figure in the history of the nfl. if you go back to look what he did with the oakland raiders.

al davis gave him an opportunity at 32 years of age to be a head coach. he only went on to have the highest winning percentage of anybody to win 100 games. he won 75% of the time including the super bowl back in the 1976 season. played in 1977. that was super bowl xi. he quit football went on to broadcasting career. 16 emmys. he was the greatest analyst ever. john madden made it fun for anyone. there wouldn't be a fox broadcast network without john madden. you, i, would not possibly be sitting there today had rupert murdoch gotten the nfl away from cbs, made the first hire, john madden. john brought credibility to fox. john brought creditability to anything that he did. he went on to become the greatest videogame maker ever. creating madden. david: that's right. >> a lot of kids today, a lot of players today played professional football and know the game because of the game,

videogame madden, not knowing he was a coach. david: it its incredible. he bridged those two worlds. he bridged several generations and united them in pursuit of what is now the the greatest professional game in america. what about his relationship with the players? you mentioned his extraordinary record with oakland. i sensed that a lot of that had to do with the players really wanting to play and win for him? >> as a coach they wanted to play for him and he, he gave them so much leeway. he only really demanded three things from them. he said, a, you got to listen. and pay attention. be on time was the other one. the third one was when you're out there, play like hell, play as hard as you can for me. he didn't care if the hair was combed, how they looked, what they did off the field as long as it was lawful. but those three tenets he emersed himself into.

he passed that on to all of them. then in the documentary, if you watch it and i was lucky enough to be able to broadcast with john at cbs for a number of years with pat summerall and the nfl today, when he showed up at the game. the players were amped. they knew madden and summeral were calling the game. that made them better. lawrence taylor said when john madden came to my game i had to put on a show and couldn't let him down. the tribute and out pour something astonishing, david. david: they're giving me a wrap but i have to ask this question. i didn't know him, you did. i sense he was a very loveable person, am i wrong? >> wonderfully loveable and so smart, so insightful. weigh as genius, saw things other people didn't see. i will miss him a great deal. we all are. everybody feels like they lost a friend. everybody feels like they knew

john madden. david: everybody. my stage manager nodding her head in agreement. everybody feels they knew him. he is the guy you would want at a thanksgiving dinner. that is the sort of person person he really was. >> thanksgiving, turducken, he changed thanksgiving. remarkable guy. david: jim gray, thanks for bringing that to us. coming up crime surges in california we talk to the san diego district attorney calling out the progressive policies many say are leading to crime. we'll be right back to that. ♪.

♪. david: as violent crime continues all over the nation police are working with new technology in order to catch criminals. our fox news correspondent william la jeunesse has latest on this story.

william. reporter: david, when detectives come to a crime scene often only find spent bull lit casings, no criminal. but the story is told through the casings allows them to tie it to a suspect. >> fire. >> reporter: the police fire a gun. the gun eject as casing. with this computer the casing generates an image. >> this is just more magnified. reporter: an image like a from time to time unique to every gun. >> i'm going to search out the ejectter mark which should be right here around 3:00. reporter: it right here. how they caught the man in orange arguing with the man in black and white. he fires multiple rounds paralyzing the victims before getting away. all police have is the casing. >> you have the recovered shell casings, you have video evidence. but unfortunately that video evidence captured the shooting itself and captured the vehicle.

>> there it is. reporter: months later police find a glock pistol thrown in the bushes following a traffic accident. >> that will be good for dna. reporter: back at the station police fire the weapon and get a match. >> we got an immediate hit, a confirmation showing that that firearm is matched with the casings that were roverred from the shooting six months earlier. reporter: based on that matthew serves time in state prison for attempted murder. so the problem is that not every department uses the system. so a casing found in vegas could match one in l.a. but the detectives will not know that unless both agencies enter it, david. it matters, cops will tell you a lot of criminals own a gun but only small percentage are responsible for most of the homicides. back to you. david: fascinating stuff. thank you very much, william. appreciate it. our next guest says it is time to prioritize public safety instead of making it all about politics.

san diego county district attorney summer stefen joins me now. thank you for being here. i think it's simple for most people particularly cities like new york or san diego or l.a. or san francisco. the rights of criminals do not supersede the rights ever law-abiding citizens and businesses. now i don't think that is a political statement, do you? >> it definitely isn't. it is about following the constitution and the law. we're a country of laws and the rule of law has to be followed especially by the district attorney. that is what you get elected to do is to serve the people without favor, without prejudice, to make sure that the laws are followed and that everyone, every child, every senior, every business, is safe. that's our job. david: the problem is as you well know, i will just give you a specific example from my own

experience in new york city, i'm sure it parallels those in l.a. and chicago and elsewhere, we just had an incident, six blocks north of where i live, where a violent criminal let out of jail time and time again beat up two defenseless women, one of whom on one side of the street, another on the other side of the street on broadaway. one of the women was so badly beaten her jaw was dislocated. she is permanently disfigured. he was arrested and released the same day. how can we stop that from happening? it happens time and again here in new york and elsewhere? >> yeah. that's really outrageous and it is happening across california and across the nation. unfortunately there is definitely a tie between places where this happens more often and district attorneys that are elected by special interests and essentially are following politics and not the needs of

the people and serving the people. lists are put out and policies are put out but there are policies written by people in academia, not people that actually look in the eyes of victims and see the terror and the devastation that crime causes. and when it is written in these silos, not in the real world, it doesn't make sense and the results are really devastating to public safety. david: but, miss stefan, how could a district attorney, prosecutor not look victims -- the prosecutor is supposed to prosecute the criminals, not the victims. to look into the eyes of a victim and realize that they are a victim because of the fact that the same criminal has been let out time and time and time again, i just can't imagine that kind of blindness? how does it happen? >> it has been happening.

you kw, i rose through the ranks for 28 years, worked with hundreds of victims, saw the real results of crime and vowed to make sure that every neighborhood is safe. this is why san diego is the safest urban county in america, despite all of the challenges we face in our state. the numbers tell the story, but, across the nation there is a new breed of prosecutor. they're elected by big money that comes in and many of them have never prosecuted a case in their life. they are civil rights lawyers, they're public defenders, and they're getting elected to big cities and those jobs are very respectable to be a defense attorney or civil rights lawyer but it doesn't mean that you can do heart surgery just like we wouldn't get our heart operated on by someone who is not a

cardiologist. david: a great analogy. let me call out a couple prosecutors by name, they need to be pointed out. there is prosecutor in l.a. named gascon. there is a prosecutor in philadelphia named crasser in. a new prosecutor in new york city named bragg. they have income, they had a lot of money from george soros. millions of dollars spent getting them elected. you have them all over the country. how do we allow the other side of the story get in when people like this are up for election? >> well, you know, unfortunately money is a big part of elections. it shouldn't be. it should be about integrity, character, and about knowing competence. knolling the job but this big money is coming in. i tell you, david, you know, in my region i have to get everyone involved, everyone from the poor

to the rich involved in public safety, engaging them because sometimes businesses and business owners don't realize the importance of the district attorney. they're paying attention to races that are in the senate that are far away and until their businesses are subject to the rampant crime and 10 walgreens are closing in san francisco. people can't shop. rodeo drive is like robber drive. until it hits you right in the face then you start to really pay attention. david: right. >> because you know before district attorneys were not a high-profile race and so this big outside money was able to elect politicians that don't know the job. david: right. that has to change. it has changed with school board elections as well, by the way. there are a lot of areas where voters have to take more responsibility than they have been. congratulations on the work

you're doing, miss stefan. we appreciate you being here. keep it up. thank you very much. >> thank you. david: coming up elon musk is not done yet, selling a hefty amount of his tesla shares. investors they're not exactly loving it today. more on that coming up. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

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♪. david: elon musk selling yet another billion dollars worth of tesla shares, nearing his 10% target. musk is expected to pay what is likely to be the largest individual tax bill in u.s. history. nearing about $11 billion right now. let's bring back scott martin and hal lambert. hal, elizabeth warren still calling him a freeloader. hard to call $11 billion free, is it? >> absolutely. i think elon musk did this deliberately. he is the richest person in the world. he made a conscious decision to pay the highest tax bill that has ever been collected from an individual in the history of the world. this has nothing to do with the his view of tesla's stock in my opinion. and i think, ultimately you know, this calls out the hypocrisy on the left. if you look what is happening, he could have borrowed against these shares and never paid tax. he could borrow at 1% and probably less. that is what a lot of these guys do. they ultimately never pay tax. they turn around give it to a

foundation, their own foundation when they die, the money escapes tax all together. david: that's a great point. >> we should be taxing this. look, bill gates, warren buffett said he will leave all of his money to the bill and melinda gates foundation, he will escape no tax when he device. i don't think that should happen. anything above 500 million like an estate tax, pay 50% on that, left rest to the foundation. they go to the far left foundations turned around and use stood change the policies of the country and destroy the country. it's a circular game. david: it's a circular game. i will not cry for the richest man in the world obviously. he still has billions left over but to use a lie in order to make an idealogical point, it is bad. it is bad politics and it is bad policy as hal said sometimes it leads to the wrong kind of policy. >> it opens up pandora's box where you find out what is really going on.

this will be a fox news alert. i agree with senator karen or senator warren. with respect to elon musk, billionaires, small business owners, hal, don't pay their fair share of tax they pay more than fair share. look attacks code half of american households don't pay any federal tax a lot of folks are some of the freeloaders out there. if elon musk is paying what he is paying, we should be thanking him, like hal said, doing what he is doing right now, have senator warren attack him for it. make her look bad, coming out in the wash what happens here. david: the top 1% pay 40% of all the federal income taxes. you just can't avoid that. >> the top 20%, way more than that. david: we'll see. >> and top 1% only collect 20% of the income. so they're paying double in tax what they collect. david: hal, terrific statistic. guys, thank you very much. great to see you. have a wonderful new year. look at the markets, the dow is

on pace for a record close which would be the 45th record close in 2021. let's hope it happens. stick with us. ...

david: and welcome to the second hour of cavuto "coast to coast", i'm david asman, in for neil cavuto, happening this hour, omicron's impact is going viral, as travel nightmares persist for the sixth straight day and the demand for testing outnumbers the supply. we're going to have all the latest on that plus another great resignation day may be coming to a business near you why one ceo says there may not be one but two more ways of workers saying "i quit" we'll be talking to the business leader who says that straight ahead but first our top story. more questions than answers about the prevalence of omicron and the accuracy of covid testing as cases surge across the country. gerri willis has all of the details. hi, gerri. gerri: hi, david. that's right, concerns about omicron is sparking intense

demand for those at-home tests that are so in demand but the fda is now saying that rapid covid tests may be less effective at protecting the variant. in fact here is their quote saying in a statement yesterday early data sits that antigen tests do detect the omicron variant but may have reduced sensitivity. now as we take a deeper look at that, that means that 500 million tests the biden administration said it will make available for americans for free maybe less useful than expected. scores of tests are marketed for sale over-the-counter and the most popular the rapid antigen test have only been 85% effective against the previous variant. the gold standard, the pcr test can only be used in a lab but has an effectiveness rate of 97% now, good luck finding one of the rapid antigen tests. employer requirements that their workers get tested have caused

shortages, check out the sign on my own pharmacy door here, currently out of stock. test makers like abbott plans, and lumadrex are scaling up production but it would take weeks to months to significantly boost output. last week, amazon, walgreens and cvs began limiting the number of test kits customer s could purchase but at of this morning with cvs app shows many of the rapid antigen tests out of stock. we reached out to cvs hads to see when they be getting their tests back in stock and here is their response. listen. we continue to work around the clock to provide our stores with inventory of over-the-counter at home covid-19 tests we offer, due to a recent surge in demand there maybe temporary out of stock for these products. bottom line here, if you can get a test, you should go ahead and use it anyway , i believe, david, because it's always the false negatives that are the

worry, if you actually get a positive, well then you actually may have covid. david: that's a great point, gerri thank you very much. well, a sixth day of widespread flight cancellations continue to hamper airline travel for thousands fox news correspondent david lee miller is live at laguardia airport with the very latest. david lee? reporter: david, at least 800 flights scheduled to either take off orland in the united states today have already been canceled but the disruptions caused by staff shortages due to covid-19 appear to be improving, at least somewhat, especially since yesterday. new cdc guidance says workers testing positive with symptoms only has to be quarantined for five days instead of the previous 10, but for thousands of airline customers, there's still plenty of disappointment, especially, according to the latest statistics from flightaware. hard hit by the weather, alaska airlines has cancel at least 12% , 77 flights for today. the airline says it is proactive ly reducing departures from seattle to allow for more

time to deice aircrafts. united canceled 7%, 158 of its flights for today, jet blue 8%, delta 3%, american airlines says less than 1% of its schedule has been canceled, across the country, there have been very long lines at a number of major airports especially the hubs, frustrated passengers say they are running out of patience. >> a disaster, a lot of families, people are inconvenienced i've been literally here at the airport since 9:00 p.m. i'm ready to get home. >> we were able to come here and find exactly the spot to lay our heads and use our backpacks for headrests. reporter: and despite the fast- spreading omicron variant, the cdc says it not considering a vaccine mandate for domestic travel. meanwhile, according to the tsa, the agency says yesterday alone, it screened close to 2 million passengers, that number is just about double what it was one year ago, but still down

significantly, david, compared to the numbers we saw pre- pandemic. david? david: of course it could have been higher without all the cancellations and by the way delta just announcing they are canceling 250 flights today, so there are more cancellations now being announced. david lee, thank you very much, appreciate it. well, meanwhile, we told you about the testing shortages. now hospitals are facing a shortage of monoclonal antibody treatments amid a surge in covid cases all over the u.s.. kay rock consulting president and ceo dr. kevin campbell joining me now. doctor, great to see you. i have a personal interest in this. i had covid earlier in the year. i got the monoclonal, it was the regeneron we got, we call them mab's, 24 hours later i was perfect. i just talked to the same doctor who gave me those treatments. he's in charge of a hospital in new york state. he says they are totally out, completely out. why the shortages? i don't understand why we didn't

do more to stockpile this wonderful drug. >> well, i think first, we need to understand what they're indicated for , and these monoclonal antibodies are indicated for folks who have been exposed at a high risk, or they have tested positive and these are great treatments that work for a limited period of time. they've been shown to reduce your risk of going to the hospital or to be admitted to the hospital or go to the icu by 80% so it's not for hospitalized patients but folks like you who contracted the disease and were able to get treated quickly. as far as why they're in short supply, i think that probably, they may not be used appropriate ly in some cases, they may be overused in other cases and also i think that we did not focus appropriately on producing enough of them. david: well as you well know, the surgeon general of florida now is pointing his finger at the biden administration saying they are actively stopping shipments of monoclonal antibody

going to florida. the governor of florida, a couple months ago, noticed they weren't getting the regeneron which the government isn't in charge, the federal government is in charge of doling out so he made a special deal with glaxo-smith kline it was perfect timing, because it turns out that is apparently the best kind of mab hads to deal with omicron , and they did get a supply. i think they spent close to $1 billion, the state did, in order to get that but what do you think of that, that the federal government, which and we just heard biden say the other day, that he didn't think the federal government should handle this , it should be a state-wide problem but they are handling it. they are micro-managing the situation and not in a good way. >> i think we certainly need collaboration between federal, local, and state authorities, in order to get the treatments to the patients who need them. i think that we need to remember that these monoclonal antibody treatments are not a substitute for a vaccine. these treatments last for a very short period of time, but they are very effective. the vaccine and the antibodies

that you produce from the vaccine are much longer lasting than they are for the monoclonal. as far as supply chain goes, i'm not aware of exactly all of the ins and outs of that. i know we're having trouble all over the country with supply chain issues. david: we should mention by the way that even though the regeneron and the eli lilly might not be as effective against omicron as they were against delta, a lot of the cases, there's still a lot of delta cases, right? it's not just omicron that we have a lot of the cases going to the hospital now or the delta cases, no? >> that's correct. we see a lot of both variants, and i think that's sort of the natural history of a viral infection. a virus' whole job in the world is to survive and replicate and that's why we see these mutation s in response to therap ies that we developed. we need to stay on top of it. we need to continue to develop more and better more unique therapies, and i think the science will prevail in the end. david: well the science has been doing a tremendous job, and of course, both merck and pfizer

have these pills that the problem with monoclonal antibodies is you have to sit down and be monitored in a hospital setting while you're getting the serum. they do have shots for some of them but to have a pill is a much better answer for those people who get sick, whether it's through omicron or anything that might put them in a hospital. what's happening with the output of those pills? they've discovered them and it's a wonderful discovery, but they're not readily available. >> i think we're still in the production phase and that's what you see with this very exciting science. we're in a much-better position than we were two years ago to fight this disease because we have vaccines, because we have these other therapies, for those that weren't vaccinated, because we have these bailout therapies like the monoclonal antibodies and i think it's going to take a while to mobilize production just as we mobilize production in world war ii, to fight the greatest war of our century, so i think we're going to see that continue. it started under the trump adminitration and hopefully it's

continuing forward. david: well we saw an output that was extraordinarily at warp speed, i haven't honestly seen that kind of output during this administration. i think it's frustrating a lot of people, that's part of the problem but dr. campbell, you were right to point out the credible work that science is doing in fighting this disease. we shouldn't ever forget that. dr. kevin campbell great to see you, thank you for being here, appreciate it. well, markets welcoming shortened quarantine rules this week but looking ahead to the new year the fed is expected to begin its rate hike campaign, which maybe a drag on the economy certainly on the markets reaction now from former dallas fed avis or danielle dimartino booth, thanks for being here, happy new year. kevin hastert, who knows a thing or two about economic policy he was on with larry kudlow about a week ago saying it's too late. the fed kind of already has hesitated enough so that we are probably looking to double-digit inflation in 2022 what do you

think about kevin's statement? >> well, you know, david, i hope it's not double-digit. i hope it's not that bad, but even if inflation just stays where it is, 6.8% nearly 7% that's debilitating and especially regressive for some of the middle income earners who don't necessarily have the social safety net underneath them to catch them and a lot of americans don't realize that they're not getting the child tax credit on january 15, deposited directly into their checking accounts in cash, so i think this first month of 2022 especially is going to be very confusing and difficult for many u.s. households, a lot of the chaos and confusion that you just come through with your last segment detailing is also sewing its way into the economy, and missing the window of opportunity when we have to think, we were sitting there for months and months and months debating who the biden administration was going to re nominate or nominate to be head of the chair and i think

a lot of that confusion inside of the fed made the fed paralyzed when it should have been acting sooner, so we might have a case here where the fed is trying to hurry up, and it doesn't have the time. david: what concerned me was when i saw wholesale inflation, the wholesale number was 9.6%, very close, just a tick away from double-digit inflation and of course wholesale inflation is eventually passed on to the consumer when they pass it on to the retailers and it shows up on your shelves. to me, that's saying that's indicating it is going to get higher before it gets better >> traditionally, we do, david, see that producer price index feed into the consumer price index, as you described. if that's not feasible, if that's not possible, if consumer s can't handle the higher prices then that tends to take profits down so when profits come down then companies resort to cost cutting and cost cutting typically entails cutting the most variable of all assets for

companies and that's labor, so if you will, you're damned if you don't and damned if you do. if you can not raise prices then you're going to have to cut back on your workforce, that's the last thing we want to see and/or pass through partial price increases to consumers and lay off people at the same time. again, to your initial point, the fed missed its window of opportunity in a big way, and now it's going to try and play catchup while american companies are trying to figure out how to contain the costs or pass them along to u.s. consumers, neither of which is a good option. david: now there's a pnc analyst whose getting a lot of attention today saying because he said the costs are going to go down, inflation is going to be temporary, and in fact he said energy prices in particular are going to go down in 2022. phil flynn who i trust more than anybody in terms of energy prices has a great record. he said not true. we're facing hundred dollar a barrel oil in 2022. who do you think has it right here? >> well, i think what we have to be mindful of is the fact that the united states is energy

-independent only insofar as much as we produce enough oil , but we don't have the refining capacity such that we have to continue to import oil in order to have it refined because we don't pump enough out of the crude grade that we need to refine here onshore so the odds are that we're going to have to continue to have imports and imports are going to make us vulnerable to rising prices and that's just the fact of life until american, the american energy industry is incentivized to build up its refining capacity and incentivize by the administration that has not happened yet to pull more oil out of the ground. david: no, well they aren't incentivized by an administration who wants to kill fossil fuels that's for dam n sure, danielle we'll see more of you, straight ahead the great resignation we're speaking with the ceo of the mu se about her reduction for the next big wave of resignations, when we return. ♪ i have a feeling, that tonight

's gonna be a goodnight, that tonight's gonna be a good night, that tonight's gonna be a good, good night ♪ youryor be l takisakf. i i int ed.com/h

first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. david: well, the new year in west hollywood, california will bring a new minimum wage which

is actually going to be the highest in the united states kelly o'grady joining us now with details, hi, kelly. reporter: hi, david. yeah, it's going to get up to $ 17.64 and actually over the next 18 months, it will increase resulting in a total increase of 45 accompanied by a month of time off and by the way this isn't just southern california. we are seeing across the nation 26 states hike their minimum wage in 2022 the labor shortage and inflationary pressures are big factors here and businesses maybe forced to raise prices, cut jobs and turn to cheaper automation solutions just to make ends meet. now we spoke with the west hollywood city council here and they tell us this shift didn't just happen overnight and "the city's business services staff has been regularly engaged with business owners and employees of businesses in west hollywood and the city continues to invite and receive feedback from business owners and employees." now, i'm here now with one of those business owners, walter shield, the owner of the restaurant, walter, tell me,

is this increase necessary, or is the market already self- correcting with the labor shortage we're seeing? >> we're already well-above $19 an average of wages and we're seeing upwards of $25 for some positions and keep in mind in our restaurants and most restaurants our great service staff received 20 to $50 an hour in total compensation, so this is not only unnecessary, it actually makes inflation worse than it already is and it has us kill jobs. reporter: you mentioned inflation. so they are actually baking that into these increases but they aren't using the cpi number so tell me a little bit about that. >> well we told the city council they were misguided they were using an old three-year average of 3.8%, i don't have to tell anybody, or go to the wall street journal. it's 6%, so the numbers they are claiming which is this 45% increase to almost 19 in two years, we're going to see a much higher number because of sky rocketing inflation. reporter: well, there you have it, david. we're seeing just businesses

struggle. especially as they are coming out of the pandemic and i'll leave you with this the labor group that pushed for this ordinance, they were actually able to carve out exemptions for the businesses they represent so there's a lot of frustration for business owners as well. david: these business owners are real heros. everything they have dealt with from crime to the pandemic and now government intrusion, thank you very much, appreciate it, kelly. well, with businesses struggling to fill 11 million unfilled jobs , this could be even worse news for them. some folks believe that another great resignation wave is coming in 2022 so is that possible and how many struggling businesses will be forced to close up shop if that happens? founder and ceo of the muse career website, katherine minshaw believes it will happen. katherine, what evidence do you look to that indicates that we'll have another great resignation wave? >> yes, there's a few different data points that i'm looking at. first is that we are regularly surveying users on the multiples, people coming to

the multiples.com to get career advice, think about their next move and the pace of people who say they are likely to change jobs in the next 12 months is actually increasing. we saw 67% of people say in november of 2021 that they were planning to change jobs in the next 12 months, up from about 65% in july of the same year, so the number of people who were thinking about making moves is increasing. we also historically see a large wave of job search in january, february, every year. this is something that tracks back a very very long time. people have the holidays with their family, they think about their life, their career, their values, and then they come back, sometimes after getting an end of year bonus and start thinking about making a move, so i think we can expect, unfortunately, to see another wave and then final ly as businesses are starting to think about bringing back in-office work in some cases, ending work-from-home, that is likely to spur another wave and again, we could talk about a little bit of the data, but i think we're in for a bumpy few months for business owners.

david: well we have 11 million unfilled jobs right now, and that number keeps going up, by the way. it was about a month ago it was 10.3 million and now it's 11 million unfilled jobs. a lot of small companies simply will not survive, not having the personnel because they can't afford it to hire the people. they can't afford it or people for life change reasons decide that they're not going to go there, so eventually, not only will the jobs disappear but a lot of the businesses that supply the jobs will disappear. >> i do think that that's a possibility, and i think one of the questions is are we creating an environment where new businesses can be started, and also, i do think that one positive outcome of this change we're in now is that businesses are really being forced to look at are they offering a great environment for their employees? are they offering the sort of job that somebody would want to take? ceo's have been saying for years that our people are our greatest asset, but the truth is a lot of

businesses haven't acted like that and i do think the labor shortage is forcing a conversation that could lead to some improved worker conditions, and hopefully a better match between skills needed and skills provided in the labor force. david: yeah, well a lot of employees may find out they don't have enough money to put the food on the table at night, so i mean, it's nice to have options and right now we have tremendous options, but pretty soon when businesses start dying , you're not going to have those options anymore. that's when things get really tough. katherine, thank you very much. thanks for the warning i appreciate it. we'll see you soon. washington state is already struggling with crime and now lawmakers want to lower penalt ies for drive-by shootings. why? wait until you hear the reason, that's coming up. exploring the heart of historic europe with viking, you'll get closer to iconic landmarks, to local life and legendary treasures as you sail onboard our patented,

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david: the great migration is now hitting our nation's capitol new census data revealing that

washington d.c. has seen the nation's largest percentage drop inflation over the last year. fox news correspondent mark meredith has more. reporter: david good afternoon to you well d.c. has so much to offer but think is this new government data that shows fewer people are interested in living right in the nation's capitol. the census bureau reports been the last year d.c.'s population actually sharnk by roughly 3% that's like 20,000 fewer residents now than the year before. the report does not speculate why people are leaving but d.c. has certainly seen its share of problems ever since covid began. we've had social unrest in 2020, rising crime, and those prolonged business restrictions that have rocked the city. many people who even live here tell us they too wouldn't mind living somewhere else. >> i moved here to be closer to my office and it made a lot of sense when we were working completely in-person, everyday. >> you can get a lot more for your money anywhere else, i'm moving to north carolina

literally next month where i used to live and i'm getting a full house for 300 a month and you don't really see that here. reporter: we've reached out to d.c.'s mayor to get her take on the census data but haven't heard back yet but last year she dismissed reports people were leaving in droves. listen to what she had to say back in august of 2020. >> leaving d.c. in droves, in fact d.c. is still one of the hottest places to live in america. reporter: but it's not just d.c. that's shedding residents. we've seen new york, illinois, california and hawaii all report declines in their populations, david, a lot of people getting out of those bigger states or at least more populated ones than in the past. david? david: mark meredith thank you very much. clearly one of the reasons people are fleeing blue cities and states is a rise in crime and policies like this. lawmakers in washington state are pushing a bill that would reduce penalties for drive-by shootings in an attempt to " promote racial equality" let's get reaction from liberal

commentator ethan bearman, and g iono cardwell. just when you thought there was pushback to these soft on crime policies from the american people, you get issues like this can you figure it out? >> you know, what was really insulting to me is this is a play for racial equality, as if the person who maybe shot could possibly not be black and we know that there's a higher number of african americans being shot in these inner cities than anywhere else. that is a problem, so your saying that you want to protect the criminal and not protect the victim and ensure these people can't do this again. now there's one instance i can understand them saying hey, because there was a case that somebody was involved in a drive -by shooting and they got 177 years so i can understand he said maybe we should consider maybe trimming that down a little bit but you don't go soft and say we're going to remove penalties like this altogether,

because you need a deterrent. when you look at what's going on in seattle for example, they had over 4,500 violent offenses this year, so over 4,500 violent crimes, 300 police officers have left the force. its been over 30,000 application s for guns in the city. people are concerned, they're scared and this is not the time for this kind of action. david: not at all. you bring up an excellent point, gianno and ethan. the fact is that you look at a city like chicago, all of the drive-by shootings, all of the deaths of little, very often minority black or hispanic boys or girls that are caught in a crossfire or in one of these drive-by shootings, the victims, we gotta focus on the victims. the victims are black and minorities. to make it a racial equity issue seems to be ridiculous to me. >> well, there are a number of different issues here getting clouded. first off, obviously we need to

be concerned for the victims, their families, their survivors. david: you say obviously, it's not obvious to everybody. >> so the issue is the origin, first off, the law that we're talking about is an enhancement to first degree murder only in the state of washington. it was enacted during the rise of gang crime violence in the mid-1990s that was almost exclusively black gangs so it is viewed when you look at it through that lens is that still the primary source, first degree murder still covers drive-by shootings in the state of washington whether or not you have that enhancement so life in prison is still a possibility. it leaves it up to the judge as opposed to making it a mandatory sentence, so the judge still can give somebody life in prison for a drive-by shooting. secondly, the bigger issue when you start bringing up chicago that the right really doesn't like to talk about but is very popular with the american people and poll after poll after poll

is universal background checks at the federal level we need to have red flag laws so we can stop the denver shooter, by the way, who murdered five people and shot a cop in the stomach, who was a right winger, not a left winger, we need to have smart gun laws so people who shouldn't have a gun -- david: that makes me furious, ethan what you're saying. it's not a matter of guns it's a matter of the violent criminals on the street. there's so many issues, gianno, we just had a horrific case of murder in wisconsin by a guy driving a car. we have cases of murder in the subways of new york, by people with knives stabbing people. this is not a problem with guns . this is a problem with violent criminals out there killing people and doing physical harm to people. yes or no. >> absolutely, and truth be told i'm sitting here in london right now where they have high rates of people stabbing each other because they don't have guns so criminals are going to

find a way one way or another to kill someone if that's what their aim is and it's problematic that we keep glossing over the failures of those district attorneys across the country who continue to implement these policies which are letting criminals go away free in a lot of cases. scott free. david: the stabbings, they're happening all the time, my friends. >> [overlapping speakers] >> it bounces off something else and kills an innocent child that's not what happens. david: the problem is violent criminals who get out of jail all the time. that's the problem. ethan i want to switch topics entirely because we aren't going to come to a consensus on this and talk about kamala harris and joe biden because there's a race for the bottom of the polls, the newest poll shows that actually, harris has a higher rating than biden does right now but it's still pretty low. some democrats are saying a plague on both your houses we

want michelle obama to run in 2024, what are you hearing about that, ethan? >> well i think it's too early to predict whose really going to run in 2024, we've got about a year when we really start hear ing that. david: oh, come on. >> the reason, 343 days into his presidency, president biden is 5.5% better in his approval than the previous president. david: do you think he's doing well? >> he's doing better. david: do you think he's doing well, that's the question. >> he's actually accomplished a lot. cutting childhood poverty -- >> if you don't focus on the negatives he's accomplished a lot. david: all right but you're avoiding. let me ask gianno. what happens if michelle obama runs 2024 quickly? >> she would poll better and be the democratic nominee if that be the case but as we know, donald trump is considering and is likely he's going to run and considering the fact that democrats, the approval rating for the party is so low, joe

biden is polling in the 30% for crime, covid, all the things he said he was going to do when he ran for office ended up being a lie and i'm sure you can agree with me on that, ethan, so with that consideration in mind, democrats are really toast, so we're going to see a big up-tick in 2022. david: a lot has happened in 2021, a lot can happen in 2022 i think predictions are fun, but they may not be that accurate. ethan, gianno, thank you so much for being here. appreciate it. coming up a dire situation for 13 million residents in one chinese city, after a spike in covid cases, why they say they're on the brink of starvation, gordon chang joining us next. a must in your medicine cabinet! less sick days! cold coming on? zicam is the #1 cold shortening brand! highly recommend it! zifans love zicam's unique zinc formula. it shortens colds! zicam. zinc that cold!

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straight day senior fellow at the gatestone student author of the coming collapse of china, god an chang joining us now, gordon, first of all, sheon is a huge city it's about 13 million people, so this is not a small corner of china. this is a very important cosmopolitan city. what exactly is happening there and how are we finding out about it? >> well, yeah, as you said, people are locked in their homes , and the last day that they were allowed to go out to buy food was christmas eve. since then, they are required to stay-at-home, and now, the authorities are starting to deliver food, but the joke in xi 'an is the amount of food that can be delivered is limited by the amount of journalists because the authorities are not delivering food unless there are cameras there to record this for propaganda purposes, so people are going hungry. david: going hungry, are they actually starving? >> well, it takes about two weeks to die, so no, i don't

think anyone has died from the lack of food, but nonetheless, for seven days, we're getting too close to a period where people are, there is serious hunger issues, and so right now, people are unhappy in xi'an, but there's nothing they can do about it because the authorities are very strict in what they're allowing people to do. david: now authorities of course are also strict about what information comes out of china, and we know this , for example, in that country list of nations affected by covid. they have the death and the infection rate. china is way down at 114 sandwiched between rwanda and luxembourg in terms of their infection rate, obviously that's not true it's a flat-out lie so we're not getting clear information from the chinese government. how are we getting information about what's happening i guess it's pronounced xi'an. go ahead. there are a few journalists reporting, there are chinese citizen journalists and then

there's the social media but for the most part this is an important propaganda initiative, because the communist party sees that the number of covid deaths and the number of infections really is an existential matter because early last year, the regime made the number of infections a matter of regime legitimacy because they were saying well democracy doesn't work because they've got so many covid infections, so those death numbers have not changed for more than a year. 4,636 deaths according to official numbers, that number just hasn't changed because the party feels that it's a life or death matter for the party. david: well, nobody, except the party, i don't even think the party leaders believe in that, but china also has a zero covid policy, something even australia finally gave up on last week. do they really think that it's possible to prevent any covid from spreading in china? >> well they know they've got cases so for instance, in xi'an

on monday or tuesday there were 152 case which is is all but one case reported in china but they really are serious about this because it's not only just the question of propaganda. it's also the question of the winter olympics. i think the regime is very concerned that the international olympic committee might postpone the games because of covid outbreaks around china. remember the summer olympics in tokyo that were supposed to take place last year, they were postponed a year by the ioc. china is worried the same thing will happen to the winter games. david: it's a freight ening situation when you think of what might be happening in this country of 1.5 billion people. gordon chang, thank you very much appreciate it. coming up, the build back better bill maybe halted but is inflation about to get higher with new policies, regulatory policies, details on that, coming up. ♪

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first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. david: so the white house is blaming large companies for price gouging, they called, and corporations all across-the-board are facing investigations now from oil & gas to meat and big box retailer

s, our fox business correspondent lydia hu is live in washington with the latest on this story, lidia? reporter: hi there, david. a former federal trade commission official who served under both the obama and trump adminitrations tells me that pointing the finger at businesses for inflation is a distraction. >> i'm not saying there couldn't be some anti- competitive behavior happening somewhere but i think it's highly unlikely that it's causing this economy-wide inflation that we're seeing. reporter: now, biden's economic policies are under a microscope as u.s. consumer prices surged in november, at the fastest rate seen in nearly 40 years. his critics blame spending and stimulus benefits for the ongoing labor shortage that adds to supply chain issues but instead, biden points the finger back at business as gas prices soar, president biden asks the ftc to consider a probe into alleged illegal

conduct in the coil and gas market in response the american petroleum institute said "rather than launching investigations or pleading with opec to increase supply, we should be engaging or encouraging rather the safe and responsible development of american-made oil and natural gas" now biden also targeted meat processors as prices for meat and beef have surged, accusing them of corporate greed now the north american meat institute, that's an industry lobbying group says the allegations reveal the administration's ignorance of agricultural economics and the fundamentals of supply and demand. now, david, former ftc commissioner points out these market structures for oil & gas and meat processors were in place before the pandemic, and we did see inflationary prices then, so the market structures cannot be what's driving the prices now, she says. david. david: she makes a good point lidia thank you very much. well the build back better bill maybe halted for now but

president biden's regulatory policies could be leading to higher inflation and taxes in the new year. let's bring back danielle dimartino booth. danielle good to see you again. so there's a lot more regulation with the biden administration than there was with the trump adminitration. trump famously said that he got rid of 20 new regulations for or 20 regulations for every new regulation he put in place. regulation is essentially a tax on businesses. it costs them money and businesses, of course pass that tax along to the consumers and the consumers then feel it as inflation. so doesn't regulation lead to inflation? >> regulation always leads to inflation, but i want to go to something that's more at the core of what's going on that a lot of americans don't understand. the supplement all nutrition assistance program, on october 1 , saw a 25 or more for certain families, percent increase in food benefits, and this was something that biden

rolled out on august 16, the same day that he said he stuck by his decision to pull out of afghanistan. when you give that much more money, when the safety net has been expanded to the extent that it is, you're going to see meat inflation, you're going to see poultry inflation. you're going to see milk inflation and see exactly what we've seen, and that's because people have so much cash from the government in their hands they're actually pushing up food prices beyond what they would normally be, and again, after the pandemic hit, the number of americans, 42 million americans, receiving food benefits has expanded greatly, so this is one of the misunderstood aspects of the biden administration's increase and blaming meat producers, for example, is not going to get him anywhere unless he looks at the root cause and i applaud joe manchin and i applaud joe manchin every time he says let's stop and step back and look at what giving all of this cash is doing to especially middle income working americans

who have to deal with these ris ing effective taxes. david: you know another thing happening with all of these benefits is that it is helping people stay-at-home rather than going out and looking for work, and of course there aren't those work benefits attached to some of these benefits the way that bill clinton decided to change our welfare code back in the 1990s. that's now changed. that's been reversed and of course the more people out of work you have, the fewer things are being created, inflation is too much money, chasing too few things, that's adding to inflation as well. >> david you're exactly right. when you add up the addition to food assistance as well as the child tax credit in cash, that comes to at least $1,100 for a typical american family, with children. so when you think about families with more children than that it makes perfect economic sense. the math works out perfectly for one of the spouses, whether or not schools are open, and able to take the children into

the schools, but it still makes mathematical sense for one of the spouses to remain out of the workforce, and the ones who were the victims on the end of this are the smaller businesses, who rely on these individuals, who were choosing to remain out of the workforce, who need to come back into the workforce, these are disincentives to work and they're harmful to the economy as a whole. david: you know, the administrations always saying they represent the little guy. well not when it comes to business. it's the amazons who can afford this. the little businesses can't, and again, the whole regulatory, the focus on regulations just shows a distrust of the market to take care of things. the market to work things out in terms of a competitive environment eventually end up with one monopoly and that one monopoly is the government. do you think that's where we're going? >> you know, look. these small business sector and a post-pandemic world has been absolutely gutted and i don't understand what is american about becoming big box retailers , chain restaurants,

and massive oligopolies that has control over the entire economy quash out competition completely and take out the small business people who are the backbone of america and who have always been the present entrepreneurial spirit. david: we need the small businesses and they are getting killed more than anybody else. >> happy new year. david: quick look at the markets as we head out to the break. the dow is looking pretty good and the s&p is coming up as well nasdaq is down about a quarter of a percent. the dow by the way is on track for another record close, we'll be right back.

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david: that will do it for "coast to coast." it is time for jackie deangelis who is in for charles payne. jackie d, it is all yours. jackie: thank you, david. you have given me three days higher. we'll see if we can keep the streak going. i'm jackie deangelis in for charles payne this is "making money. the market hitting a snag in the santa claus rally. is the drawdown in action just a holiday slowdown or is there concern lurking beneath the surface? our experts are here to help you navigate it all. president biden said he would mandate all