stuart: earlier we asked what percentage of the ocean has yet to be explored. 60, 70, 80, 90%. you first, ashe. >> they all seem high. i will go with0%, number two. stuart: mark tepper. >> this one is tough. i will go with 80% number three. stuart: i go with two, number 2. you're right, tenner. >> thank you. stuart: i'm not boeing, define exploration? come on. >> under the ocean? i don't know what that means. >> don't have to touch it to explore it. a bogus question. don't do it again, producers. there you go. market check. we're down across the board, waiting for the fed decision at 2:00 this afternoon. watch it here on fox business. hey, neil, it is yours. neil: thank you, stuart for that. we're waiting that decision two hours away. the betting the federal reserve

will hike interest rates 3/4 of a point. second hike in a row. people worry if the fed will slow things down, not actual pivot or slow down the rate and size of increases. that is what seems everyone is betting on. the latest data, statistic or development that voters will have to sort of weigh as they head in person to the polls, that is not 21 million americans who already voted but for in person voters next tuesday. let's get the read from edward lawrence at the white house on all of these developments. hey, edward? reporter: first we've also got an added event tote president's schedule. he will talk in a political speech, democratic national committee later on this evening. he will talk about defending democracy. this after we get the decision by the federal reserve to see how high interest rates will go up. this is the president's last-ditch effort to make his closing arguments going after republicans for the midterm elections. highlighting how he is cutting

costs for some while others are dealing with record inflation. the president wants to change the narrative in the days before the vote. president biden: this election is not a referendum. it is a choice, it is a choice between two vastly different visions for america. folks, this ain't your father's republican party. this is a different breed of cat. reporter: so in addition to attacking republicans the president going after oil companies again trying to pin higher prices on corporate greed. the ftc so far found no evidence of price gouging. still the president calling on oil companies to invest more in capacity or face a profits windfall tax at a time the department of energy outlined a path to 100% electric power by 2035, cutting out fossil fuels all together. >> democrats declared war on american energy day one, killed the keystone xl pipeline. blocked oil and gas exploration.

the american people have been paying a very high price for this at the pump, at the grocery store ever since. the democrats will be made to fay a very high price for this come election day. reporter: democrats also mad at the federal reserve chairman in a letter from senator elizabeth warren to fed chairman jay powell she says how many americans basically have to lose their jobs advocating for a pause in rate hikes as the fed is trying to get in front of all the inflation we're seeing. back to you. neil: thank you, my friend very much, edward lawrence. some people fret about interest rates. some people don't have to. in the latter category you include washington commanders owner dan snyder who indicated he plans to hire bank of america to explore a potential sale of the team or potential transaction. he paid $800 million for the then washington redskins a few years back. of the most recent example of a major franchise value is probably earlier this year when nfl owners unanimously approved

the nearly $4.7 billion sale of the denver broncos to a wealthy group, walton family among the richest families on the planet. this was sort of a merged deal but again that ask the most recent valuation we had to a major market team, $4.6 million. hard to say what the commanders will fetch. they are in big market. even though the commanders are not doing very well. sometimes it isn't that but location, location. we'll keep you up to date on market moms if fed rates go up today and what else is expected to go up with it. connell. >> crazy to see the value of sports franchises in nfl. it is immune from the bond market. set you up on market moves ahead of the fed rate move we all expect. there is a one of those days a market before, a market after.

4.048 is where we are right now. write that down and circle it. we'll up a bip on that we look after the fed decision comes out. we seem rates go up and traders are looking at that but much more closely for the guidance they may or may not get from jay powell and federal reserve. what will the future hold? is there anything in here about a pivot? anything in here hinting when the foot might come off the gas so to speak with regard to rates. mortgage demand came down slightly last week t was a little bit of a drop, 0.5% in mortgage applications even with it as actually dropping back week to week by a little bit. if you look at the average rate for a 30-year fixed mortgage at 7.06%. we're still up above 7%. rates have risen a lot that is dunn slightly from the week before and you know with that, you see a little bit of a move in refinancing. so from last week we actually

saw refinancing tick up by 0.2%. this number is interesting, gives you bigger picture perspective where refis are, people are thinking about rates. 85% drop in volumes of refinancing from one year to the next. that is really where the mortgage market is right now, the effect we've seen of interest rates already gone up so much. let's shift over to the stock market, give you the major averages ahead of the fed. this is not much of a move down 4points on the dow jones industrial average, off the lows of the day. if you want to point to one figure there maybe the adp report on private sector jobs shows the labor market remains relatively strong. we said over and over again what is good news for normal people maybe not so much if you look at the market because of what the fed might do with rates. so that was a pretty strong report this morning. finally a couple movers here, estee lauder, cvs, one is down and one is up. both on out look.

has trouble in china and u.s. business it is down 8%. cvs boosted its outlook and up 5%. it has been in the news today because of an opioid settlement but the reason is the stock is up because of the outlook for future earnings. so with that, that kind of sets you up neil how things are moving now. on a day like this it cocompletely be different by 2:00 p.m. this afternoon. neil: very different. thank you for that, connell mcshane. i want to go to donald trump's former omb director. russ vought joining us. russ, excuse my voice. we had a number of experts here weighing on what the fed will do. mick mulvaney, your predecessor i believe in the job you had at the white house who says that the federal reserve now has to balance not only this fight against inflation and whether it tips the economy into recession but the damage it could could

continuing to hike rates with our debt. we added borrowing costs to the tune of 180, $200 million a year just on increase in rates thus far that might force the fed to rethink going too aggressively here. what do you think of that? >> well i would just say i don't believe that is their job. i think their job is to focus on monetary policies and to the extent they have focused on that in recent time that is a good thing and i think we'll continue to see that emphasis this afternoon but it's a sizable impact when you have 10-year rates going up to the extent which they are. we would run sensitivity analysis 1% increase on average is a 2 trillion-dollar hit over a 10-year period. so it is something that i look at every morning to figure out where that 10-year rate is because of what it does to the fiscal balance sheet and so making it very right to draw attention to that. neil: it is what it is. they shunt look at the data to make that decision.

it is not their fault we racked up this debt but it is what it is, right? say they don't focus on that. we do know borrowing costs continue to go up. they could complicate their own mission, right? >> we're interact when they had the balance sheet. the extent they need to continue to remove those assets, those debt holdings, put those back into the marketplace to be able to allow for ongoing tightening that is another alternative to raising rates. that certainly has an an inaction with regard to the rate paid on 10-year and other debt vehicles that the treasury puts out. it is interrelated but i hope the fed says my job is to get the money supply in a good place and keep going on that direction with some recognition their job is not to slow the economy. it is to try to send the right signals that borrowing should not be 0% interest as it has for

the last two decades. neil: adjusting to that reality. we gotten used to it. it is still jarring. russ i would be remiss if i didn't discuss a little bit some of the administration's plans to help americans dealing with these higher energy costs, among them, providing 13 1/2 billion dollars in funding to help households with energy bills. they don't go into too much into details here but a lot of these are efforts winterizing your home, making them more energy friendly, energy savings, that wouldn't pan out, or savings from them for quite some time. what do you think? >> i had a very similar reaction this is jimmy carter solutions to a problem they helped create. no one wants to be told facing 30% higher energy bills hey we got more insulation to put in your at tick. here is a solar panel, you don't have to relies less on some version of current energy. they want lower energy prices. they want solutions an economic policies that go in that

direction. they certain live don't want added federal spending that makes the entirety of the problem worse so that they would never get ahead of this. so i don't think that is something that will solve a political problem and it is certainly not going to solve an economic problem that families are facing this winter. neil: russ, if republicans succeed taking the house and the senate they have a lot of ways to pressure, excuse me, the administration. i'm wondering from your vantage point if they propose tax cuts, much like spending they have to be paid for? >> well, i think the republicans are going to have a lot of leverage points. they have one coming up in december. they have one coming up next year in the debt. my hope, is that they really force a conversation about discretionary spending that they have a vote on every year that can recoup at least $100 billion in a year in many more over several years and put you on the road to balance.

then set up the conversation for types of reforms that can come later trying to get people off of welfare, remove some of the hammock that we created as a result of covid. so they have leverage points that are very doable political lifts that you could sell to the country that the country would be ready for if you're and inflation fighting mode. that is what i think they should be doing. i think they're saying the right things. we'll be there to help give them solutions as soon as two weeks from now to make sure they have everything they need to tackle spending in the next congress. neil: all right, russ, thank you very much. the former white house office of management and budget director, russ vought. want to let you know before we go to a quick break. we have the dow down about 80 points. we have this "countdown" going on the fed's move to hike interest rates probably another 3/4 point in two hours. we're getting market watch, development out of china bears watching. we told you about these sporadic

covid cases are popping up all over the country including wuhan where it all started where there is a partial shutdown going on. according to market watch china suspended access to the zone that surrounds a number of iphone facilities. we don't know how wide that zone is. whether it is all iphone facilities. about half the iphones in the world are made in this neck of the world we're told. china has just suspended access to and from them. how that will affect apple and the impact it will have on getting those devices in time for the holidays, anyone's guess. again, china has suspended access to these iphone facilities because of another covid outbreak. stay with us. you're watching fox business.

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state of ohio, the republican incumbent taken himself out and democrats think they have a good shot taking that seat for themselves with time ryan in that pat he will. we have jd vance on the republican side trying to keep it in the republican column. mark meredith is in columbus, ohio, with more. mark. reporter: neil, good afternoon to you. with less than a week to go until the election we are hearing from both those candidates, republican jd vance as well as democratic congressman tim ryan. they're both talking a lot about the economy as they are both vying to be ohio's next senator. last night fox news hosted a town hall right here in columbus. we were in the room as bret baier asked the audience to raise their hands if people were concerned about the economy or inflation? almost every hand went up in the room and we heard from jd vance who says every voter in that room should also be upset with what is coming out of washington. >> one of reasons why we have this terrible inflation is because the biden

administration, backed by tim supported a lot of borrowing and spending, throwing fuel on the fire which caused the price of everything to go up. reporter: while congressman ryan voted for major spending bills including the inflation reduction act he says the best way that he can help ohio families would be doing something that republicans spend a lot of time talking about, tax cuts. >> i think when it comes to inflation we need a tax cut. we need to put money in peoples pockets if we're going to weather the storm here. so a tax cut in the short term, but then move to natural gas, all in, streamline. reporter: we heard the congressman talk a lot about energy. yesterday we heard from republican congresswoman liz cheney. she was in ohio, she told pbs if she was an ohio resident she would be supporting congressman tim ryan, the democrat in this race. of course that created a lot of headlines, republican saying tim ryan would be the best person to

represent the state in the senate. for his part jd vance continued to see strength within the public pull polls although the race is neck and neck. he beat out a republican field to take the nomination. he is expected to campaign with former president trump on the eve of the election there will be a rally in dayton. the national spotlight will be back in ohio. as you said at the top, both parties are putting a lot of time, money, resources into a state not many people would thought be up for grabs a month ago. neil: you're right, mark. aishah hasnie is talking about a tight as tick race in georgia, the republican would be a pickup. not that i understand the georgia voters community feel herschel walker is a saint but the battle seems to be worth his running because they want that republican pickup. maybe you can explain. reporter: yeah, neil. hey, good afternoon to you. that's right, so the theory is

that georgia voters who maybe don't love the guy and don't love the hits he has been taking to his credibility, maybe look past that because of the current state of the economy. we're actually here at the silver skillet in midtown atlanta, very hot spot, pretty famous place to dine and we've been talking with voters and diners. i want to come to talk to my friend simone here who is actually voting today. hi, simone. hey, we're talking with neil cavuto live. so you're going to go in and vote. so my question for you is, what is more important as you go in and pick your candidate for u.s. senate, is it somebodying credibility, character personality or are you looking at the economy and inflation? >> well i'm looking at economy and inflation, not more so of the personality of someone. more of the policy. i drive my truck to work all the time, like just for work. so i noticed during the summertime like a lot of prices

for gas were very, have he high. so i have to make a lot of important decisions on how far should i go or can i accept this job? you know i have to build that price, new higher price into what i have to bill people based on you know the cost of gas. the economy definitely is the most important point right now in my mind when i go to vote today. reporter: fair points. gas prices obviously also impact your gas bills that are coming up. simone, thanks for sharing your thoughts. good luck as you cast your ballot. neil, look, the polls are also telling the same story. take a look at this "wall street journal" poll that was out a couple of days ago and according to that it says 48% of voterses said congressional republicans can rein in inflation as opposed to 27% of democrats. a new poll 52% of voters dislike

how walker handled himself personally, even with that he maintain as tie with warnock. warn knack is making the case, both things matter equally. >> i think that the voters of georgia can walk and chew gum at the same time. i don't think we live our lives in compartments. we live a full life. competence matters. character matters. and herschel walker fails on both counts, in the midst of this inflation he hasn't given us a single solution. reporter: neil, what could really work out well for warnock here are those split voters, people who vote for kemp but then vet for him. neil? neil: we shall see. thank you, aishah hasnie. ashiah was reporting there, expression we can walk and chew gum at the same time. i get it, but if you ever met

someone walking with, sorry i have to chew gum right now, could we just stop, i just never understood that expression. but i digress, i want to go to with hans nichols who doesn't concern himself with such stupid did i. "axios" reporter. can walk and chew gum at the same time, i might point out. hans, this notion voters are deciding between a person they might not flip over but a seat they really want in the case of herschel walker to go republican. that is what they balance. what do you make of all of this? especially in some tight races? >> it seems to me that is the core democratic argument especially on the senate side. when you have private conversations with democratic strategists around town, what they are saying the strength of their individual candidates, what they say is the weakness of republican candidates. they don't think walker is a great candidate, they don't think laxalt is great candidate. bowl duck they don't think is great candidate in

new hampshire. like mite be too strong a word, rather have the contests come down to a big test at the state level between their candidate and the republican candidate. when it gets down to the overall national issues, the economy, inflation, crime, that's where you see republican really like the battleground for them. that's why we may see a divergence on just where the house goes and where the senate goes. now, most prognosticators are saying maybe 51, 52 on the republican side for the senate. you still find democrats that think they keep it or get to 51. you meet virtually no one, neil, that thinks democrats hold the house. they still could. everyone could be wrong. we should be humble about the ability to predict. on the national environment question, how inflation, crime, that is where you secedes of a red wave. when i realize i say seeds of a red wave i'm mixing metaphors, i

clearly cannot talk and chew gum at the same time. neil: you cover ad few campaigns in your young life. i'm wondering do you see any last burst of activity that would close the deal for republicans, something that would gather steam and put the senate in their hands. >> if independents are breaking they break toward the republican side that is the argument you hear from republican strategists. any democrat incumbent under 50% right now, if you have not gotten poll numbers north of 50 you're in real danger, because in a off year election of the party of the presidency, other office, other party controlling the presidency, that is where you see incumbents breaking out of power office. if there is a big move, it will be because of independents breaking towards challengers in a lot of these races. neil? neil: hans, thank you very much. hans at the white house right now. you probably heard the dustup what is going on with tiktok,

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neil: washington chem commanders, own reds skins before that. dan snyder looking possible sale of the team and options, bank of america to explore such opportunities.

doug eldridge extraordinaire to weigh on this. doug paid $800 million for the team some years back. how much do you think it could go for today? >> speculation is anywhere from six to seven billion with a "b." he is getting exponential return on investments. sports franchises across the landscape are at record highes this is indeed a move pushing chips into the table. this is the best time to do it. >> you remind me of the past it doesn't matter attendance or performance of the team. it's a major franchise in a major metropolitan area. that speaks for itself but you have to have pretty deep pockets. usually a lot of wealthy families that merge forces together, not all the time. so who would be interested in maybe kicking team tires. the two names here in d.c., ted leonsis, washington wizards and

the caps, or, or, right up the road from me, jeff bezos, ceo of amazon. either would be likely contenders. they're already in the market. d.c. is the top 10 media market. this is the seat of government. this franchise has three super bowls to its name. one of the historic franchises in the league. last two decades are subpar by their own estimates. this is valuable investment in a really a crown jewel in the 16 billion-dollar empire that is the nfl. neil: do you think he should be penalized, that is snyder, because, he went along with the idiotic name washington commanders? >> you know, sir, here in d.c. that has gotten so much grief. there were so many different contenders. neil: football team was fine. that was fine. it is not great but, certainly better than commanders. who came up with that? >> my son has three different drawers of washington

paraphernalia, all with the different names. some he can wear to school. some he can't. as you alluded to it, teams win, teams lose. owners make money nonetheless. even through the name changes, barrage, potential public opinion, litigation, court of law looming, congressional reports being released this is the time to get out. we talk about supply and demand markets. he brought in relatively low. has potential to sell it at a all-time high. >> before the market value gets dinged and if there are further revelations that come out about the organization, how it may or may not have been run for the last several years this is really an opportune moment, in in terms of marketplace, but assets and liabilities, this team is carrying heavy looming liabilities on that side of the ledger. there is no shortage of reasons to sell. neil: got it real quick. i haven't had a chance to catch up with you post the news tom

brady's divorce and gisele budcmhen. he had a bumpy start with the tampa buccaneers, 3-5. maybe this factored into his play. looking into this weekend how will he do. >> i said over and over never bet against brady. this is the worst start of is entire career, not just a great career, 21-year career. this is his worst start. that speaks for itself. he will be locked and loaded. if a guy with a chip on a his shoulder, to prove something, it is tom braced did i. get ready for a show. neil: we'll watch closely. thank you very much, doug he dog eldridge. i have same issues with all the merchandise. i have no idea. go to hillary vaughn. she is looking right now the twitter, fuss over twitter with a new owner. what is interesting about the twitter debate back and forth is

the roll of foreign investors as well, right? hillary, maybe you can update me? reporter: that's right, neil, elon musk update purchase of twitter is the next big techtarget here on capitol hill. senator chris murphy is calling for national security review of the purchase now that a saudi royal, prince alwaleed is now twitter's second largest shareholder. murphy tweeting this. we should be concerned that the saudis have a clear interest in repressing political speech and impacting u.s. politics are now the second largest owner after social media platform there is a clear issue of national security at steak. cfius, should do a review. outside capitol hill other agencies are eyeing the purpose. "washington post" reports that the treasury department is figuring out if it has legal authority to launch a probe. "the washington post" also reports that white house officials discussed the possibility of a national

security review and the fbi looked into counterintelligence risks associated with the purchase this spring. "the washington post" reports that large foreign investor would have access to confidential information about twitter's finances ant possibly its users as part of the deal. saudi's own group, kingdom holdings invested in twitter way back in 12 ven before twitter went public. a bigger stake making second largest shareholder in the company. murphy says it is significant that this group, which he says coordinates with and partly owned by the saudi regime didn't decide to sell its stake, instead rolled it over keeping the money in means the saudis are now strategic partners with elon musk. neil, it is possible cfius would decide ultimately not to investigate this purchase, even if they did, they may not ultimately decide to recommend that president biden steps in and tries to undo anything. neil? neil: all right. hillary, thank you for that.

hillary vaughn on capitol hill. a couple quick things, selling sped up a little bit, corner of wall and broad. expectations are in about hour 1/2 the federal reserve will announce fourth straight 3/4 point hike, something called the overnight bank lending rate. that seems to be baked into the proverbial credit quake if you will. what we're not clear on the direction on the part of the federal reserve from there. at the december meeting it will be included to increase rates as much? some say maybe not. they're factoring in a half-point hike in december. that is the people who bet on this sort of stuff. we have all sorts of data that they have room to go on more hikes, including some startling news on the private payroll front that declined unexpected 239,000 in the latest period. expectations were a whole lot less. that 10.7 million jobs are available in this country. hardly an a people -- anemic

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neil: don't look now but he is back. i'm talking about benjamin netanyahu, the man who served longer than any other human being as prime minister of the state of israel. he could pad that now, forming a coalition, largely conservative government that seems to be well on the way to guarantying him a return to the prime minister's office. let's get the latest right now from tray yingst in jerusalem. trey? reporter: neil, good afternoon. exit poles show former israeli benjamin netanyahu pulled off a victory in yesterday's election. the israeli television channels published polls here. they say the opposition leader has 61 or 62 seats in a new government, just enough for a majority. partial results show an even greater margin. now these numbers could change once the final results are published since there are smaller left-wing parties that do come close to that threshold of qualifying for seats.

now once the final tally is released, israeli president isaac herzog will meet with all the participating parties before giving a mandate to one to for a government. that party will have 28 days to do so. overnight netanyahu thanked voters at polls. >> translator: i will establish a nationalist government that will act set to all israeli citizens without any exceptions to all. reporter: current prime minister also spoke last night to encourage supporters to wait for the final results. his tone was noticeably grim. under conservative government society would change with more religious influence. they are looking to the american midterm elections. american support for israel is at the top of the agenda for any sitting prime minister here. neil. neil: thank you very much for that, trey, in jerusalem on that. if we get more developments

netanyahu trying to conform the conservative government. at minimum he has 61 seats. 62 gives you the ability to form a new government. keeping an eye on that, keeping an eye on the selloff growing in the markets. the growing concerns about the future of tiktok. republicans take over and the push to shut it down or ban it? the read from a top republican fcc commissioner why the time is now after this. ♪. your record label is taking off. but so is your sound engineer. 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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call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. neil: might look like all fun and dances but to hear the republican commissioner or the fcc tell it tiktok is not what it appears. china and invasive security efforts are afield here that make it more corrupt than people realize and more dangerous to this country than people appreciate. brendan carr is the senior republican on the federal communications commission. joining us out of taiwan right now to weigh in on this. commissioner, always good to have you. you just said outright quoting here, i don't believe there is a path forward for anything other than a ban on tiktok. why? >> you're right, neil, as you indicated in your open, the

funny dance memes and video is sheeps clothing. underneath it's a sophisticated surveillance app. i wrote google apple, put national security concerns aside. data flows are going back into beijing. in fact tiktok under oath in congressional testimony refused to answer whether ccp members themselves are accessing u.s. user data right now. apple and google should kick them out of app store based on undisclosed data flows alone. we've seen new reporting, the biden administration, through treasury, cfius, is looking to have a draft deal in place according to "new york times" reporting would allow some data to continue to flow back to beijing under this. there is concern that is not tough enough. there is concern at the top of the doj provided about that. i echo those concerns. the whole, the whole point of this deal is to stand up to this new oracle system what they call project texas, house a lot of this tiktok date at that there.

the reporting we're seeing tiktok is engaged in effort to obtain location and other information about those oracle servers. tick toke officials are saying in internal communications they don't think with the project texas in place that it will stop beijing from accessing this data. beijing, tiktok officials don't believe we can safeguard u.s. user data through the treasury cfius deal i think we should take them at their word. neil: so you think this data is getting trite to the chinese communist party and what are they doing with it? >> there is a lot that is going on. once they obtain the data there is all sorts of espionage, blackmail activity they can engage in. one things i'm concerned about, this data is going back to beijing feeding their artificial intelligence operation. right now the pla, the ccp, are using improving that a.i. to maintain their authoritarian grip on power. as you mentioned i'm here in taipei city, 100 miles from communist china. this is a part of the globe

knows better than anywhere right now the threat posed by communist china right after speaker pelosi's visit here, we saw uptick in cyberattacks in this area. i was invited to meet with my regulatory counterparts in taiwan to continue our collaboration responding to those issues. all this is part of a broad set of issues. beijing is looking to use all sorts of tech, telecom means, whether cyberattacks, harvesting data through tiktok to pursue their malign goals. neil: you must be onto something because you were on to this before a lot of folks were, commissioner and now i was reminded what democratic senator mark warner had to say about all of this, quoting, this is not something you would normally hear me say donald trump was right on tiktok years ago, if your country juices huawei, if you're kids are on tiktok, the ability for china to have undue influence is a much greater challenge, much more immediate threat than any kind of actual or armed conflict. is it that bad to you?

>> it really is. senator warner said everything with the top secret security national briefings, tiktok scares the dickens out of him this is broad, bipartisan concern. marco rubio in the senate is very active on this. senator chris murphy democrat tweeted out "axios" story on this. the real concern the number two at doj according to a "new york times" story is concerned that this preliminary deal that biden is cutting with tiktok according to the reports isn't tough enough on china. this is basic eye q test. what is going right now, the sabre-rattling china is doing across the taiwan strait here, i think we need to get serious about the threat the communist regime is playing. neil: i know a lot of people saying there ought to be a clear line of separation from tiktok, government forces an sources but, that's almost impossible. we've learned from a number of other chinese interests that the

government's always there. alibaba comes to mind. the government isn't going anywhere? >> i think some people held the hope early on we could cordon this off, firewall in place, stop the data going back to the ccp. stop bytedance, beijing from getting it. all the reporting there is simply no firewall in place. these employees in beijing are essentially dual hatted, working for beijing, working for tiktok, according to reports. as a practical matter at this point time to say we've seen enough. we need to end this long inquiry into tiktok. i think it needs to be resolved with a ban. ultimately that will be a call for the treasury department and cfius. i'm just bringing my expertise to bear from the fcc where we deal with data flows into china all the time. huawei, zte, other entities. neil: cfius is council on for ininvestment in the u.s. which polices such matters is the group you're referring to. there are a lot of kids who use this in the country. the argument you always hear, commissioners, the genie is out

of the proverbial social media bottle if you will. that it would be very easy to say, all right, cut it off and ban it here but it's here already and it's used by millions and disproportionate number of young people in this country completely are unaware that china has anything to do with this. that is going to be a blunt moment for them. what do you tell them? what do you tell their parents? >> you're right, it is highly popular but again all this data is going back to beijing. i'm not saying we need to stop all short form video sharing applications. there is competitors to tiktok that are out there. someone really addicted to up loading dance videos there is way to do it. there is a way to do it safe for the national security perspective. we had a case in last couple weeks a court ruled even assuming tiktok bytedance intentionally target ad 10-year-old girl with the blackout challenge that encouraged people to try to suffocate themselves, this 10-year-old girl did that, she ended up dying.

assuming that bytedance intentionally targeted the 10-year-old girl there was nothing the court could do in that circumstance. neil: what reception are you getting in taiwan right now? >> well look i think it is a very interesting time here in taiwan. with russia going into ukraine, i think it was a real wakeup call. frankly the wake-up call is going on in taiwan. people are stopping hitting the snooze button. they're looking seriously redoubling efforts on cybersecurity. that is part of what i'm here for. they opened up a new bureau to look at cybersecurity. looking at work on this. undersea cables come out of here right now, obviously vulnerable to attack. looking seriously hardening the communications infrastructure. that is part of what our conversations are. 90% of the world's advanced micro chips are here on this island. so i think that is really irreplaceable at this point. if there is an outbreak in this area, hopefully there never will

be, it would be catastrophic for the economy. by continuing to show tight bonds in partnership with taiwan we can play just a small role insuring that freedom and democracy continues to reign on this island. neil: brent can carr, be safe., fcmac commissioner.n right nodiw in taiwan. we'll have more after this. you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources .. learn your way. not theirs. td ameritrade. where smart investors get smarter℠.

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