20 past 3:00. number two. stuart: i would say 1520. what is the answer? the answer is 1512. took him eight years. you're not supposed to take pictures in there but everybody does. time's up for me, jackie deangelis in for neil today. jackie: thank you, stuart, i'm jackie deangelis in for neil cavuto. we have a big show coming up. forbes media steve forbes is here. he will join me with his thoughts on the fed's next move. plus deadly explosions rock major cities across ukraine. general jack keane is here weighing in on putin's latest escalation with the most

extensive attack in months. two teens shot outside of congressman lee zeldin's home in long island, new york. what the gubernatorial candidate saying about the crime crisis reaching his front door. but first let's get to our top story. economist mohammed el-erian issuing a bleak warning what is ahead for the economy, placing the blame squarely on the if he. listen to this. >> there is possibility that the federal reserve makes a mistake and that bumpy journey changes the destination. that is cost of federal reserve being late. not only overcoming inflation but it has to restore its credibility. but i fear we risk a very high probability of a damaging recession that was totally avoidable. jackie: forbes mia see know steve forbes joins me now. always great to see you. i want to get your reaction to that, the fed said inflation was transitory for quite sometime.

what mohammed el-erian taken it more seriously, incrementally raising rates before in earnest we wouldn't necessarily be in the situation we're in now? >> that's right. both the federal reserve and the administration seemed to be in coordination to do everything they can to hurt the economy, slow it down. unfortunately the federal reserve believes the way you fight inflation is by depressing the economy, slowing down economic activity, making people poorer and so that is what the point of all of these raising of interest rates is to hurt the economy. if the fed had just, the fed doesn't understand the way you fight inflation is by stablizing the value of your currency the dollar, which in the last couple years has gone up and down like a yo-yo. so the fed is giving us unnecessary pain. jackie: it skyrocketed as of late, the u.s. dollar index and we're looking at the market, steve, the dow is down 52 point

as we speak, the nasdaq is taking a hit of 105. we had a very volatile week last week. we got a jobs number. the market was looking for a worse number. that would be a sign the fed will ease up a little bit but we're not getting any indication that will happen. >> that is the thing. kind of perverse, we got couple great rallies not so longing on the theory the economy was doing poorly so the fed would stop wash bashing it. the fear is the fed will bash it and taking a hit and what a poor economy does to earnings. so we have a situation where the worst the economy does the more probability we're going getting relief from the fed. jackie: right. >> that is absolutely perverse. what i think will happen, when everyone is focusing on the u.s. economy, what the fed is doing has international repercussions as well. you mention the rising dollar. you will get a crisis in the exchange markets. get a financial crisis both in europe and japan.

ultimately what you will see happen, jackie in the months ahead, europeans, chinese, brits, u.s., u.s. will getting together to stablize exchange rates. that will enable the fed in a phase saving way getting off of its high horse trying to hurt the economy by artificially raising the cost of money which is hitting mortgages, will hit credit cards, will hit small businesses. jackie: let me ask you about the big banks. the housing crisis hit the banks for a totally different reason. it was loans, packaging of subprime mortgages selling those out ended up becoming an issue, the banks needed to be bailed out by the fed. having said that there is concern right now, i'm hearing rumblings, having conversations with people, with interest rates so low banks may have overleveraged themselves. with rates on the rise they could find themselves in a tight spot. is this something that concerns you? >> i think certainly the american banks, i think some of the european ones have recapitalized after the disaster

of 2008-2009. they were grossly overleveraged then. so i think their balance sheets are in much better shape today. this is tendency to think what happened before, it will happen again. i think the crisis, so-called black swans that will come out of nowhere to hurt the economy are going to come from what happens with the dollar exchange rate, with countries, many countries cannot pay their debts. they took on a lot of debt when money was seemingly for free. you will have debt crises, exchange rate crises. you will have meetings finally to stablize the situation because the whole global economy is going downward. that is not good for anything, especially politically. jackie: you brought up a great point with respect to rates going up, hitting earnings. when earnings see losses, when companies see losses, and they want to make the numbers to look a little better they lay people off. the labor market has been pretty

strong that could be the next shoe to drop. people could struggle there. steve forbes, great to see you. >> thank you, jackie. appreciate it. jackie: stocks falling ahead of a big week of economic data we'll watch very closely. the start to third quarter earnings season. let's bring in fox business's susan li to break it down for us. reporter: nasdaq was down to a two-year low. as earnings season is about to kick off. you get a health check from america's biggest lenders to kick it off. by the way we had the world major central bankers in washington, d.c. for the imm world bank meetings. i will throw in inflation data on thursday. get fed minutes as well. that might give us a clue how aggressive the central bank will be hiking interest rates. that all plays into earnings. the corporate health of corporate america. wall street is gearing up for a read just how well these companies did over the summer months. investors are still expecting earnings to go up from last year. they will go up roughly 2 1/2%. that is less than a quarter

though, of the growth estimates that wall street penciledded back in june. it would be lowest earnings growth in three months in two years. so wall street already slicing off $34 billion off their estimates. as i mentioned to you, america's biggest banks will start it all off. jpmorgan, city group, morgan stanley, morgan stanley, will get the ball rolling on friday. banks usually give us a broader read on the health of the consumer. also the broader economy and how interest rates are biting into say these spending habits of americans as they're going up at the fastest rate in 40 years. so the concern of banking right now might not come from this side of the atlantic. i think everyone is watching what is happening with swiss giant credit suisse which has wall street concerned because they pegged it at maybe 25% probability of credit suisse going under. if you look at some of those swaps. credit suisse will october on october 27th. speaking of banking i have to throw this in, former chirr ben

bernanke was awarded nobel prize this morning along with two other economists. he was awarded prize with investigation into banking and helmed the central bank in 2008 which some say was probably the greatest financial crisis since the great depression zoo. jackie: thank you, susan. we have john lonski and dan geltrude. john, talk about what your thoughts we're seeing in markets, volatility. two days last week, we had two jumps up, selling off as the week progressed. it has been very volatile. i don't speak to anybody on wall street or main street that doesn't say i haven't been hit by this. >> volatility imply as great gile of risk. that will persist until we finally get fears of rapid price inflation out of the way. unfortunately eliminating the inflation problem will require a recession. with a recession you will have contraction of profits that will drive the equity market even

lower. the worst is yet to come. jackie: okay. that is not what people want to hear but it might be reality, dan, as we're watching what the fed will do in both november and december. the expectation, maybe 3/4s of a point november, half a point in december, your thought how he will approach this, jerome powell? >> as we look at the evolution of jerome powell. he started off with soft landing. well it will get a little bumpy. then we arrived at pain. he doesn't have a lot of credibility in this process. what i think he is going to do, number one thing he is focusing in on, inflation. he believes the only way to conquer inflation in raising interest rates as john says throwing us probably into a deep recession that could last quite a bit of time. i don't see a way out. jackie: i don't either and the point steve was making earlier, regardless what happens in the beginning powell said it was transitory, waited too long, put it aside a moment.

we're in a situation, john. he has to do something because inflation stayed persistently over 8%. it is having an impact on most americans lives at the moment. cpi report will be out this week. everyone will watch to see if there is little delay, right, from what he raises the rates to when we actually see the numbers have impact. at the same time now you're seeing gas prices go back up. >> that brings attention to this horrible energy policy we have in the united states that is making matters worse. it actually makes no sense. i mean if you want to have people consume less energy and in order to fight climate change, then why do you think it is okay to go ahead and have a fossil fuels produced outside of the united states, opec countries, venezuela and elsewhere? why not produce the fuels here? this whole thing was not planned out well. the problem is this, that those that are sympathetic to climate change never sat down and did the cost benefit analysis of what this is going to require.

what is politically reasonable? jackie: i'm not sure they care. >> if they didn't care they will eventually pay a high price for not caring, let me put it that way. jackie: they are not paying the price dan, we are, you, me, main street, everyone that fills up their car with a tank of gas right now is feeling it. everybody that goes to the grocery store to put food on the table and department stores like macy's looking at credit cards, starting to see this is hitting people. they're not spending on discretionary items now because they're spending so much more on necessities. >> i tell you when we will see a change there. all the people you were just talking about, they're voters. so now with an election coming up if next month and into 2024 let's see how people make their concerns at the forefront by throwing people out of office who are hurting them. that's the way to get the attention of people that are making bad policy which is what we have now. we change direction. so if they don't get the message

then, they never will. jackie: economy does seem to be front mind for everybody that is going to the voting booth. that seems to be the big issue right now because we've been living through this so long but having said that, john, it will still take a while to reverse the damage that has been done here. >> will not happen overnight. we may not have inflation down to 2% until well into 2024. jackie: yeah. >> consensus inflation will be running 3% by the end of 2023 however the fed will eventually be forward-looking. when they begin to see the recession develop, begin to redeductions in consumer spending taking place because of a loss of jobs, they will probably halt rate hikes. who knows, maybe eventually later in 2023 they might actually cut rates. jackie: they might but that feels like it is a long time away. right now for people, for example, who are going to buy a home or trying to do that, they're saying, i could have done it a year ago. i can't do it right now. >> there is a lot of uncertainty

where home prices are headed. jackie: right. >> give enthe latest run-up in home prices it makes sense to go to the sidelines and wait until everything settles. wait until rates do peak and begin to move lower. jackie: gentlemen, great to see you both. thank you for coming in today. >> thank you, jackie. jackie: coming up. all-out assault on ukraine. russia reining missiles on kyiv, marking a major escalation in putin's invasion. major general jack keane weighs in on that. fall fraught from president biden's armageddon's comments. >> those comments were reckless. they probably demonstrate one of the the greatest foreign policy failures in the last decade the failure to deter vladmir putin the same way the trump administration did four years. when you hear president talking armageddon as random thought, using as a fund-raiser that is a terrible risk to the american people. if he truly believes he ought to be talking to us in a very

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♪. he. jackie: russian missiles raining down on ukraine's capital city as the white house continues to deal with the fallout from president biden's armageddon comments. fox news jacqui heinrich live at

the white house with the latest for us. hi, jacqui. reporter: good afternoon to you. i want a read a statement just moments ago came in from the president and for the first time along with you. president biden saying that the united states strongly condemns russia missile strikes today across ukraine including kyiv. these attacks killed civilians with mo military purpose. they demonstrate the utter retaliation of the putin's war on ukrainian people. the attacks further reinforce our commitment to stand with the people of ukraine as long as it takes. that is an interesting line. alongside our allies and partners will continue to impose costs for the aggression. hold russia accountable for a a trot disses calling for russia to end the unprovoked aggression. this is the newest statement we received from the president especially as he made those

comments last thursday night at a fund-raiser, ratcheting up the rhetoric around the possibility that we may see vladmir putin use a tax call nuclear weapon in the future. we had not heard anything from the president since then. those remarks were a little bit of an alarmed people and the white house sent folks out, some officials to try to explain what he meant. take a listen to what john kirby said over the weekend. >> what the president was reflecting was the stakes are high right now, given what's going on the battlefield in ukraine and given the very irresponsible and reckless comments made by vladmir putin in just the last few days. now look, he last said we'll not be intimidated. reporter: something though has the g7 scrambling for an urgent meeting. ukrainian president zelenskyy tweeted agreed with chancellor scholz holding presidency of g7 on urgent meeting of the group. my speech is scheduled which i will tell you about terrorist attacks by the russian federation. we also discussed the issue of increasing pressure on the

russian federation and aid restoring damaged infrastructure. russians claimed here they're the victims. they responded to what they have characterized as a terror attack on a bridge connecting russia with contested crimea. zelenskyy says the russians are using iranian-made drones to attack civilians and energy infrastructure. >> translator: if attempts to carry out acts of terrorism on our territory continue russia's response will be harsh and scale will correspond to the threat made against the russian federation. no one should be in any doubt about that. reporter: now the u.s. embassy told americans to get out now. they tweeted russia's continued strikes in ukraine pose a direct threat to civilians and civilian infrastructure. the embassy says civilians shelter in place and depart using ground and air options when it is safe to do so. the critics said the president's own comments were irresponsible they came without any sort of

context. he did not speak to the press or order any sort of statement on his behalf since he made them. officials had to sort of get out there and say that this was not based on any fresh intelligence or suggestion that putin had made up his mind to use a nuclear weapon. so the statement from the white house is that the most recent thing we've had since those remarks. back to you. jackie: jacqui heinrich, thank you so much. , good to see you. joining me now u.s. retired four-star general and fox news strategic analyst jack keane. thank you for joining us today. i want to get your take on the latest attacks we saw in ukraine and get some reaction from president biden's statement as jacqui heinrich highlighted there. all we heard was the armageddon comments that came out at the fund-raiser. he now condemns the attacks but reiterating the united states commitment to ukraine and she's right, as long as it takes. >> well, first of all the attacks that took place certainly are significant. putin's ordered these attacks for obvious reasons in

retaliation for taking down the kersh bridge which symbolically of great significance. the ukrainians wanted to take this bridge down, talking about it ever since the war began. they finally achieved some success. the russians will repair the bridge t will continue to be a major supply vehicle for crimea and the war itself unless ukrainians go back to reattack. what has taken place here, so our audience understands, putin has not been able to defeat the ukrainian military. as a matter of fact he is losing to the ukrainian military. they are on the offensive. they are moving against putin and taking his force. meanwhile putin called for some kind of a mobilization to double the amount of forces inside of ukraine to stop the bleeding, to hold the ukrainians back. so what he has chosen to do, because he has limited capability with his military, is to strike the people. he can't defeat the ukrainian

military. he wants to defeat the ukrainian people, to break their will. so we have this massive retaliation, which consisted of about 75 rockets, missiles and drone attacks. he can't sustain that on a daily basis but he will periodically go after infrastructure which he has been doing seven to 10 days now. this is energy-driven infrastructure. the reason is, because the winter is coming. he wants the people to suffer. this is a part of his campaign to break the will of the ukrainian people but it is not going to happen. i was with the ukrainian ambassador to the united states on friday at the embassy with her defense attache, i will tell you what, it is inspiring always to be around ukrainians. they are steadfast in this they are not giving up. they will be in this fight, in their words for as long as it takes. i'm glad that president biden is using those words as long as it

takes. i would have liked to him to add we'll give them as much as it takes to help them to win. jackie: are you, general, are you glad that he is -- >> use those words. jackie: are you glad he is using those words and how he necessarily means them? there are some people saying that the united states is essentially fighting a proxy war against the russians. we're funding ukraine as long as it takes. russia may not be in the strongest position but it keeps going. vladmir putin threatening the use of nuclear weapons. this is escalating and getting serious, some people are saying president biden needs to get in there, get smart people in the room to work this out, negotiate some sort of a deal, not standing by to condemn the attacks. >> let's just think about what you just said. here we have russia conducting an unprovoked war on a democratic country inside of europe, something we haven't seen since world war ii i may

add and the fact is there is an opportunity to defeat this russian military inside of ukraine. and all they want is for to us help them do that. they're not asking us to fly a single airplane or pull a single trigger. just give us the means to help us do that. if you talk to the pols or the people from the baltic states, they believe this war with russia against nato countries was inevitable. that is why the pols are giving them operational equipment from the units into ukraine. the polish leader told me, look it, the war with russia we're fighting now, not five years from now. we have the opportunity to end it now. that is why we're taking this kind of a risk. that is the clarity i wish people would have when they feed you the information as you just provided to me which is, this is a proxy war, let's negotiate ourself out of it. what does that mean?

that means -- jackie: general respectfully, with all due respect. how far go we have to go. >> let me finish. that means the russians are going to occupy hundreds of thousands of ukrainian people. how far do we go? until russia is driven out of ukraine's territory. jackie: what if vladmir putin pulls the trigger on nuclear weapons? the president called it armageddon himself? >> i know you have a tendency step on me not let me finish, let's try to see if we can finish this statement, all right? the fact is that the probability of using nuclear weapons is quite low in my judgment. putin is about self-preservation. he is going to figure out what his endgame is, how he will preserve his regime. he knows full well if he uses nuclear weapons, jackie, he is at a war with the united states and nato directly. that would guarranty him losing the very war. if he wanted to use a nuclear

weapon it would be to end the war but it wouldn't end the war. ukrainians will fight him, continue to fight him out of their territory. that is reality we're looking at. we have to look at this coldly, not be wringing our hands. hopefully the president is working this very hard in terms of making certain that there is a deterrence there, that russia understands the consequences that they will face as a result of it and hopefully, the president is also talking to our allies about this and as well as our adversaries. it is not in china's interest to let go a nuclear weapon. that would put the thought in the mind of japan, taiwan and south korea to also nuclearize for self-preservation. jackie: i hear you. >> we have to look at it for what it really is. jackie: i hope he is doing all the things that you just mentioned. certainly as this continues we'll continue to bring you back on to get your expertise.

thank you, general. >> >> coming up, a rocky road ahead for electric vehicles. how cost of maintaining one could set you back. that is next. ♪. i may be close to retirement but i'm as busy as ever. careful now. nice! you got it. and thanks to voya, i'm confident about my future. oh dad, the twins are now... ...vegan. i know, i got 'em some of those plant burgers. nice! nice! yeah. voya provides guidance for the right investments and helps me be prepared for unexpected events. they make me feel like i've got it all under control. because i do. ok, that was awesome. voya. be confident to and through retirement.

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- call the number on your screen. - look, why don't you call aag and find out what a reverse mortgage can mean for you? - [announcer] call aag, the country's number one reverse mortgage lender. - call the number on your screen. jackie: welcome back. let's take a market check. stocks extending losses as investors are looking ahead to key earnings and inflation reports coming out this week. you can see the dow is down by 157 points. nasdaq 36. >> jackie, you want to talk cars? jackie: sure. >> three headlines for you. it was a record, they delivered over 83,000 vehicles from shanghai in september but elon musk's company still trailed chinese company byd

which delivered 95,000 cars. rbc cut the price target on tesla to $340. still quite a bit higher than it is now but it was a cut. it is worried about recent quarter u.s. deliveries because might push them back to 2023, they can get the tax credit that becomes available next year. elon musk has other sleeves, other tricks up his sleeve. tesla's semi-tractor trailer will be delivered starting deece 1st. pepsi gets the first one. rivian recalling almost every vehicle it ever delivered, nearly 13,000, due to a steering defect t could mean the car loses steering control with risks of crashes. some of the vans were being produced for amazon are also being called back. it's a bad look obviously for the company. look at that, the stock is down almost 70% this year. not all evs that we're talking about today, even though many of those names are in the red. ubs downgrading several automakers including ford.

look at ford, 11.30 a share, down 7%. it says they're word 10 bucks. the reason is demand is weakening just as supply is growing. ubs says a three-year run of quote, unprecedented pricing and margins is about to end and to me, jackie that sounds like a recession warning. jackie: it sure does. the signs keep pointing that way, it is unfortunate. lauren, great to see you. reporter: you too. jackie: we'll see you again soon. the average electric car, speaking of them, the price in the united states is hitting $66,000. the cost of replacing the battery doesn't come cheap either, another huge problem. fox fox business correspondent jeff flock joins me. reporter: some of these problems propping up, jackie, hello to you. not here at supercharger at king of prussia, pennsylvania. you have black ones, white ones, blue ones. there are 16 ports here, most of them, most of them are filled at

the moment. what happens if you get in a problem with your tesla, like for example, a hurricane? look at pictures from florida, where some of the teslas, and other electric cars got flooded. what happens when you flood an electric car? we didn't know before maybe but now we do. potentially the battery starts to burn. you get heat build-up which i'm told leads to something called thermal runaway. that the electrolytes catch on fire, more heat, more heat causes electrolytes on fire, it keeps building. this is kind of a problem to put the fires out. the other thing we're finding in terms of electric vehicles is the charging networks, like where i am right now. these are the tesla superchargers. there are a lot of superchargers out there and other charging units. well, they are vulnerable to hack as it turns out. look at the numbers how many there are. 47,000 charging stations right now. 118,000 charging ports and

points and in addition to the problems, you know, do you have a place to charge? is there enough of it out there? take a look what one of the companies found looking into these charging stations. that you could hack into it and disable and impersonate the administrators on the unit. you could disable accounts. you could charge yourself for free. and you could also display inappropriate content on the chargers on the screens. in russia apparently somebody from ukraine hacked into it and put a nasty message about putin on there. we also talked to an expert today who says you could also use these units to sort of backdoor into the grid and do a lot of havoc. listen. >> so think of a hacker that could control just four chargers being able to flip the switch on and off to 1000 homes and,

impacting the grid that hard. the grids are not made to see that type of a load turned on and turned off. we could actually see grid impact. reporter: this is, jackie, where the charging ports kind of interface with the grid and these units that you see right here, they say theoretically it is possible. has not happened to our knowledge yet here in the u.s. although they have had some hacks in europe and as i pointed out in russia. things you haven't thought about when it comes to new vehicles. jackie. jackie: jeff flock, you always bring us things we haven't thought about. great reporting as always, thank you. my next guest says banning gas-powered vehicles will have predictable and bad results. joining american energy alliance president tom pyle. tom, start with jeff's report there, so many problems with electric vehicles still. the infrastructure is not in place. the bat remembers are a problem. as well as costs are high. yet you've got an administration

that has attacked the fossil fuel industry and doesn't want to see gas-powered vehicles on the road. explain to us how this will play out given what we've seen so far? >> well, jackie, the report is just the tip of the iceberg. if you ban, we didn't ban the flip phone in order for us to get an iphone. there is nothing wrong with electric vehicles per se but these policies, the industrial policy at the federal level, and you see states like california and new york banning internal combustion engine vehicles into the short future, it is going to place tremendous impact on motorists, people, consumers,. as you mentioned the cost of an ev is already 20,000 plus more than a regular car. they're not reliable. as you saw in the hurricane example. these trucks lose their charge when you even toe like a little bit of weight behind them. not to mention the fact that if we're going to put all these cars on the grid, it is going to

have a huge impact both in terms of reliability and stability of the grid. so there is just a whole host of problems with these and the idea we'll move, charge forward and ban regular cast is just silly. jackie: tom, i keep using the example but it is such a great example of gavin newsom in california wanting to put some restrictions on charging electric vehicles and the hours people can do it in order to control those demand spikes that you mentioned. this is a huge problem. our grid isn't ready for it either and you wonder what exactly is going to happen? essentially are we going to be in a position if we make the transition the government wants us to make, when we can use vehicles, when we can charge them, where we can go, that kind of thing? >> yeah, it is really bad. you have a blackout in california and they're asking you to double the load of the electricity grid. and also, the mining materials,

needed for these are sourced almost exclusively for china. to get to the levels the biden administration is talking about, 20 times more lithium and cobalt. by sheer economics the price is only going up, not down in the future. jackie: you bring up a great, fantastic point with respect to the batteries. china was an early mover on the technology there and the united states is nowhere even close to being able to produce the batteries at the rate we would need to bring that production home here. yet i look at this situation, say to myself, it is another example where we will continue to be more reliant on china. the object i thought was to be less reliant on that country? >> 100%, jackie. we have one working nickel mine in this country. they keep talking about us getting off of the resources that we have the most of, namely coal, oil, natural gas in the

world. and on to these minerals and these materials. we need to actually open up the ability to produce them here as well. that is not happening at the same time they're clamping down on fossil fuel. this is, think about it, where are people who live in apartments going to charge? they're already talking about not parking under garages because of the fire risks that were mentioned. jackie: right. >> this is industrial policy at its worse, and frankly autos should be ashamed of themselves for playing along. jackie: tom, great to see you. thank you so much. we'll have you back soon. coming up, new york's crime surge hitting a little too close to home for one gubernatorial candidate. could the crime wave be knocking on your door soon? we'll have all the details after this. ♪.

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all that and then some, greg! kardia also gives you access to heart health reports and automatic ekg sharing. what next? let's get some fresh air. been cooped up for too long. yeah... ♪ kardia mobile card is available for just $99. get yours at kardia.com or amazon. ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything. ♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock? ♪. jackie: welcome back. new york's crime crisis hitting close to home for republican

gubernatorial candidate lee zeldin. a shooting just outside of his home left two people injured. fox news correspondent david lee miller has the latest. reporter: jackie, despite the shooting sunday outside lee zeldin's long island home he marched today in new york city's columbus day parade. during his campaign for governor, the republican candidate has repeatedly said that one of the key issues is crime and he said that crime this weekend literally made it to his front door. a little after 12 in the afternoon sunday while his twin 16-year-old daughters were home alone doing homework in the kitchen shots rang out. zeldin said they ran to the bathroom and called 911. police say it was a drive-by shooting. two teens were hiding in zeldin's front yard. the injuries are not life-threatening. the motive for the shooting has nothing to do with the congressman or his family but the consequences could have been

deadly. >> one of the bullets was found about 30 feet from where they were sitting. there is actually a graze on, wooden fence next to my house of where the bullet hit and then it dropped. reporter: zeldin's opponent democratic governor kathy hochul who critics accused being soft on crime, said in a tweet, i have been briefed on the shooting outside of congressman zeldin's home as we wait for more details i am relieved. this is the second violent incident involving zeldin during the campaign. someone with a knife-like object tried to stab him during his campaign upstate new york. the new york controversial law allowing defendants to be freed posting bail. following the shooting outside of sunday out of cell din's home, suffolk police have not

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facing backlash for traveling to texas for a fund-raising event while failing to visit the southern border. fox news congressional correspondent chad pergram live from capitol hill as the migrant crisis takes center stage ahead of the midterms. hi, chad. reporter: hey, jackie. border security and crime are two areas where democrats are most vulnerable this fall. any issue with immigration over the next month is a problem for the party in power. gop texas senator john cornyn called out border czar and vice president harris for fund-raising in texas yet ignoring the border. republicans accuse democrats of falling asleep at the switch. >> we don't need new laws. we need the political will, president biden, needs the political will to enforce the laws and instead of sending kamala harris to go campaign and raise money in texas, why don't we send her to the border? she is the border czar. she needs to go down there to understand it. reporter: house minority leader kevin mccarthy he termed no

amnesty in gop immigration reform plans if his party seizes house. republicans in swing districts are campaigning on the issue we'll not get any action until the republican take back the house. that is evident. president created crisis. the vice president ignores the crisis. chuck schumer nancy pelosi won't bring any solutions to the floor to vote. we need to flip the house port mortgage not just gop members who want to -- >> i reach out to my good friend senator john cornyn, also a child of the border. also born and raised in texas, right? the two of us from different political parties but sharing the same core values, we recognize the crisis that we're in and we want to solve it. reporter: democrats are starting to sound alarms about immigration policy. this came after an appeals court ruled against daca last week. jackie? jackie: thank you so much, great to see you.

"the washington examiner"'s tiana lowe joins me now. tiana, your thoughts how this will all impact the midterms? i think the economy is issue number one but a lot of people are concerned about the crisis at the border. democrats don't like when migrants are flown or busessed into their backyards, having said that, how do you think it will play out? >> issue with immigration of this magnitude is that it becomes an economic issue, right? you would not have liberals going full on apoplectic about having a couple thousand migrants bused in over the course of an entire summer into new york city when we see eagle pass and mcallen get thousands of migrants every single day if it weren't an economic issue. why according to gallup, more americans consider immigration and border security the highest priority when they vote than abortion. we know, we've already surpassed two million migrants for the fiscal year that have crossed

the border according to the border patrol but 1.5 million of those are single adults. unfortunately our entire immigration system, legal immigration system however flawed it is, we have chain migration when people come here that have social safety nets that are not just the government. 1.5 million americans singe gel adults may not be attached to any preexisting family here, may not have ties to a family business or job. these people are not coming with work visas obviously. what happens? they become effectively wards of the state. they become burdens on the taxpayer. unfortunately at this magnitude it becomes a drain. that is why you've seen these red state governors, you know i will admit i was dubious of the eventual impact of governors ron desantis and greg abbott busing out these migrants into big blue northern cities but it has been highly effective because places

like here in d.c. are forced to reckon with the fact that the people are not coming with a savings account and job lined up. jackie: absolutely. >> it becomes the taxpayers who have to fit the bill. jackie: you're 100% right. as long as illegal immigration is happening in border happening in a red state it is okay, when you bring them to a blue state all of sudden that becomes the issue. they're not speaking out what is happening at the border. they say don't bring them here. i'm out of time. always good to see you. have you back soon. >> thank you. jackie: coming up stocks falling for the start of the week. we're tracking market moves ahead of flesh inflation data and earnings reports. ♪. flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you.

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