tv Cavuto Coast to Coast FOX Business November 16, 2022 12:00pm-1:00pm EST
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carter, number four. you got it right, ash. kennedy in 1957, kennedy won the pulitzer prize buying graph of book profiles in courage. i read that book. i didn't realize he got a pulitzer. at that time he was only a senator, not president at that point. tepper thanks for being with us for the hour. ash, see you soon. the market, a 50 point gain for the dow but nasdaq i'm afraid is taking it on the chin. it is down 140 points. that is one 1/4%. not much movement for the s&p. i got to figure that big tech is down today if the nasdaq is down so much. i believe that is accurate. microsoft's down. david asman in for neil cavuto today.
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david: that interview with the crypto. that captivated all the kudlow producers. that was great stuff. david: welcome, to "cavuto: coast to coast" idavid asman w very two hours ahead. lawmakers are pushing for sam bankman-fried to testify on capitol hill with the some lawmakers having ties with the failed company. that is an interesting dilemma. well-hear from some lawmakers what they want to see happen. plus 720 days until, you guessed it, the 2024 presidential election. president trump announcing he will run, raising questions over who will take on the former president and what this means for the future of the gop. the war on ukraine raging on with a missile strike hitting poland, killing two people. president biden spoke with the polish president following the attack. we'll have a live report on the administration's reaction. we got a a lot to get to.
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so let's get started. first to our top story, we're just learning senate republicans will in fact hold their leadership vote today. fox news senior congressional correspondent chad pergram knows all inside of the beltway. he joins us with the very latest. chad? reporter: david, senate republicans are now voting on their leaders for the new congress, an effort by conservatives to postpone the vote failed this morning. rick scott of florida is running against senate minority leader mitch mcconnell. gop alabama senator tommy tuberville backing mcconnell but the former auburn football coach prefers competition. >> i wish we had three or four people running and give their reasons why and you know, you get better out of that. people learn, you know if you keep the status quo and you don't have a challenge, doesn't make people better. reporter: gop missouri senator josh hawley wanted to punt the leadership races until after the georgia senate runoff next
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month. >> election results i guess there is no problem. if you want to be a majority party clearly what we're doing isn't working t hasn't been working for a long time. reporter: only senators and those who won seats for next year vote in these internal gop elections. 16 senators voted for the delay. they needed 25. mitch mcconnell isn't sweating the outcome. >> well, look i don't own this job. anybody in the conference is certainly entitled to challenge me and i welcome the contest. reporter: there is tension between mcconnell and scott. scott faced criticism for how he ran the gop campaign arm this cycle and came up short. we're also waiting now for the house to be called. the gop is sitting at 217 seats. david? david: a lot of fingerpointing going on, you notice that, chad? it seems to be the mode right now. chad pergram, thank you very
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much. lawmakers in the lame-duck congress or the new congress will have to deal with the ftx fallout, some of them are caught up right in the middle of it all. hillary vaughn with details on that. hillary. reporter: hi, david. that's because ftx crypto exchange founder sam bankman-fried has given millions to democratic candidates, campaign committees and political action groups, making him the second largest donor for the democratic party after george soros according to open secrets. bankman-fried handed over $37 million to democratic causes. he pledged to spend a lot more. bang in may bankman-fried said in an interview he would give up to a billion dollars to the democrats in the general. the money has run out. there are big questions if the money sam bankman-fried used for donations came from customers a top democrat on capitol hill
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wants answer. >> we'll aggressively do oversight here. they need to be held accountable. i think that a whole lot of them have to explain what they have done. reporter: but some republicans are wondering how the sec, who was in charge of oversight, overlooked this? >> this is huge. i mean you're looking at scandals to the level of madoff, all right? this is something, something that could be highly criminal activity. this whole praying just to funnel more money to democrats. and that's the big question, what did they know about it? reporter: dozens of congressional candidates benefited from the crypto founder's now tainted cash. most of it was funneled through a political action committee called protect our future which received over 27 million from bankman-fried. the big question now is, should lawmakers that got some of this money give the ft x donations back? do you think some lawmakers that got donations from ftx's founder
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should give the money back? >> i don't want to get into that. as a matter of fact, both sides and democrats republicans received donations. thank you. reporter: david, "the daily beast" reached out to 25 different lawmaker offices that received donations. some of them said they're giving the money that they got to charity. others say they spent it already helping other democrats get elect and others did not reply to the request for comment. so no idea what they're going to do with the cash. david: by the way we heard maxine waters said both sides got it, wasn't it like 90% to one side. reporter: yeah. it was definitely not equal between the two parties but republicans did get you know, some of those donations. some of the republicans that received donations were in charge of oversight of the industry. so it made sense why some of that money went there. david: it made sense, even about it wasn't the right thing. thank you very much, hillary.
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our next guest the crypto world is currently experiencing a lehman-like moment with the impact of the fallout spreading throughout the crypto market. crypto bank genesis halting withdrawals. john lu joins me right now. john, if you don't mind, it is not the core of issue what happened here but this guy was apparently on first-term basis with gary gensler, the head much the sec. he would pick up the phone when gary gensler was calling or vice versa. do you think that had anything to do with his political cover and that is the reason he spent so much money on these political pacs? >> it is hard to tell but then obviously we have to look into everything. i mean the whole spirit of actually crypto is having transparency and everything he did and everything ftx did was not in the ethos of the spirit what crypto is about which is transparency and also having
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less centralization. david: the transparency, let's start right there. clearly the guy was making trades with customers funds or at least using that money in order to borrow more money and so much sew that he put the whole system at risk. how many people as a result of that are going to be in the tank now? >> in the bankruptcy filings they say there is over a million. david: wow. >> ftx and alameda, now today the news on genesis, these are large platforms that actually touch every crypto country and unfortunately a lot of retail money as well. institutions and retail. almost like the equivalent of the largest market-maker, the largest bank, the largest exchange, the largest hedge fund all going down at the same time. so the web3 and crypto capital markets seem like they are broken. i think though we have to
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understand though that the technology, the blockchain technology is not broken and hopefully out of all of this it is a great builders and the ones that really are in the mission of creating that decentralization in terms of you were less centralization at least, will transparency will come out at the end with a better technology and better understanding. david: you know the great idea of cryptocurrency itself is a competition to central banks and we know from inflation that central banks don't always give you back the money that you give them in terms of using the currency. crypto though, is based on a market formula, but if you can't entrust your money to the institution that's holding your cryptocurrency it destroys the whole base sis of the system, right? >> that's correct. as bad as the economic fallout in the web3 ecosystem is, the sad thing out of trust in this space is even worse i would say.
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when you don't trust the place you're dealing with, it doesn't matter if the code is good. you have to trust the people behind the code and you have to trust that the place you're transacting is actually good. that is what the rebuilding needs to be about in the next iteration of crypto. david: john, they're giving me a wrap, i have to ask the question about proof of reserves. clearly this guy was not keeping the reserves in check. is there some way that regulators can offer or can require a proof of reserves from these companies? >> yeah. i mean all the u.s.-based companies have been acting in a more compliant way, the way the sec would do things. i mean coinbase is in the u.s. companies like ours who have the avalanche blockchain all do things in a compliant way. the offshore ones is where they treat an exchange like a bank with fractional reserve. then forgot about segregating
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accounts. it is really astonishing frankly. i was in traditional finance. i lived through the internet bubble, enron, a adelphia, worldcom, you saw it again in the great financial crisis with lehman and bear stearns. now i see this in crypto. almost like the lessons of the past have not been learned. that is how you give trust in the system. that has to be repaired. david: that happens for thousands of years we go back and i don't think we'll ever figure that one out entirely but there does need to be looking into regulations. john wu thank you for being here. meanwhile president trump launching his third presidential bid. coming up we get reaction from both sides of the aisle including from former vice president pence, former vice president pence's press secretary mark later coming up. ♪ -- mark lauter.
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you heard. former president trump announcing his third run for the white house. fox news correspondent griff jenkins live in palm beach florida, with how people there are reacting. griff? reporter: david, good afternoon. former president trump launching his first out of the gate strategy obviously with that announcement last night. he was joined by former first lady melania, son eric, daughter-in-law lara trump and youngest son barron and jared cuber in was there. he spoke for just under 64 minutes. he unveiled what he called his national greatness agenda. included topics like the crime, border, wants to fix education. he wants to overhaul the doj and the fbi although his tone, david, was much more subdued than we're used to seeing trump and that didn't stop him though from attacking the current president joe biden in his policies. listen. >> we'll abolish every biden covid mandate and rehire every
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patriot who was fired from our military with an apology and fullback pay. [applause] they deserve an apology and they deserve fullback pay and they will get it. reporter: president biden reacting by tweeting this, donald trump failed america. that is all it says. meanwhile there was one other political thing happening up the road in orlando. governor ron desantis addressing the republican governors association meeting fresh off that landslide victory last tuesday and i is now responding to trump's attacks. take a listen. >> when you're doing, when you're leading, when you're getting things done, yeah you take incoming fire. that is just the nature of it. all of that is just noise. really what matters are you leading, are you getting in front of issues? are you delivering results for people? and are you standing up norfolks? and if you do that then none of that stuff matters.
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reporter: now what floridians are wondering today, and people across the country is will ron run an challenge trump's announcement? we'll have to wait to find out. one final note, someone not there at mar-a-lago behind me last night, the president, former president's daughter ivanka, exclusively tells fox news will sit this one out. loves her father, will not be engaged in his political campaign. david: it must be tough, must be tough to be the daughter of a president like donald trump. thank you very much, appreciate it. our next guest marc lauter worked for president trump and vice president pence. if you want to get in the ring for 2024 you will have to knock trump out. that is a fair statement. marc, what did you think of the speech? >> i thought it set the table for the campaign to come. whether obviously donald trump or any candidate who will be taking on the incumbent president. there is one big difference
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between 2020 and 2024. joe biden has a record. he didn't have a record in 2020. he was a hypothetical president. guess what, inflation, gas prices crime, education, your vaccine mandates, all of that is on the table. you own your record and whoever picks up the america first agenda whether it is donald trump or some one else, they're going to run a policy-based campaign, focused on how we get our country going back again. david: he stayed on point. i have to give them that last night, donald trump. you mentioned one thing, focused on the failures of the biden administration. he didn't mention the border which is another thing he focused on. focusing on his own accomplishments and not only economic energy independence and that sort of thing and foreign policy achievements. finally he ended up talking about how he would get us out of the rot we're in right now. it was a tripart focus on the failure of biden,
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accomplishments of trump's first term and the future if he gets another term. >> and that is really what the american people want and i think given the challenges that we face on just about every single front where the biden administration has turned success into failure they're going to want the road map out and sew the challenge for any america first candidate whether it's the president, whether it is someone else to say how are you going to do it, how will you take those trump policies and bring them back so we can start winning again? you saw the former president lay that out last night. i have a feeling you know, as more candidates get into the race, if that is what happens, they're all going to focus on trump policies t will be a question of obviously who do we trust, who do the american voters trust to make that final case, then take that battle right to joe biden. david: let me give you two views, two republican views of what donald trump said. one positive, one negative. start with the negative which came from his former vice president, your former boss, vice president pence. roll tape. >> i honestly believe we'll have
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better choices. i hear people say they would like us to move forward with leadership that will unite our country around our highest ideals and reflect the kind of respect and civility that the american people demonstrate to each other every day. it's time that, that we had leadership in this country that reflected that commitment, to respect for every american. david: i should mention that was before the speech. so he didn't have a chance to really digest the speech in his comments about trump. but then we have lindsey graham who wrote on tweet after the speech, he said if president trump continues with this tone and delivers this message on a consistent basis he will be hard to beat. where do you come out on that? >> well, i think as i said the other day when you look at the polling right now he is the 800-pound gorilla on the right side and if someone else is going to to knock him from that perch, then the challenge is on you to do that.
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but i think the interesting thing again, many people will talk about personalities those kind of things. i think the answer will lie in the policies. i think every candidate will be running on the trump policies because they worked and we'll trust the american people to decide who is going to be that, who will carry that man tell into 2024 because the biden record's not a good one and he can't hide from it coming up. david: it will be an interesting primary process, i got to say. we don't often have a former president, it only happened twice in the primary process where a former president has run. marc, good to see you, thank you for being here. >> good to see you. david: coming up bad blood between taylor swift fan and ticketmaster after the site crashed during a ticket presale. we'll have more on that right after this. ♪.
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♪. david: we have breaking news on "the ft" g crypto story. just crossing that ftx founder, fried freed has -- sam bankman-fried hit with a class-action lawsuit. notable celebrities and athletes who promoted the platform, tom brady, gisele bundchen, shaq, and steph curry. we'll bring you details of that suit as soon as they come in. that story is continueing with breaking news, a lot of it. target stock plunging today after the retailer warns of grim holiday retail sales. larry glazer joins me now with details. larry, good to see you. is target just an outlyer or the canary in the coal mine? >> first off, david, i hope you bought your thanksgiving day turkey because the birds are
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getting a whole lot smaller and the prices are getting a whole lot larger this year. we call that "shrink-flation." david: yes. >> that does not promote consumer confidence going into the holiday season. as you mentioned that the target story is the real store. target is more important than the retail sales data. we're seeing consume remembers shifting from wants to needs. they're shifting to essentials because prices are soaring for everything they need. it couldn't happen at a worst time. just as utility bills and heating bills are coming up. double digits. consumer stimulus money is fading. they're using credit cards to finance their holiday shopping season. that is creating a whole different set of future consumer credit issues. david: the big question i have, i think a lot of investors have, even though markets have a great runup last couple months, they have been very quick to react one way or the other, whether this is a the first sign of a
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real recession? that is to say if this will blossom? you mentioned there may be credit problems resulting from this, reflected by this. is this sort of the first recessionary shoe to drop? >> well i think what you will see in retail sales this holiday season is again that shift we talked about. as consumers move to groceries, they move out of electronics. so the basicallies, the essentials will do well. there is a silver lining. the reopening trade is actually doing pretty well. you may see traditional retailers, off-line retailers have a better than expected holiday season. not because people feel confident because they don't. they want to get out n the retail sales report you see restaurant spending, you see gasoline station spending. those are up. it is a sign that the revenge travel is getting out. it comes at the expense of buying goods and stuff at traditional retailers like target. this is a big sea change we're seeing. something we haven't seen. there is less money in the wallet to spend on discretionary items. i'm concerned 12 to 18 months at
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the state and health consumer, they're financing expenditures to maintain a standard of living beyond their means. plenty of good things. david: you're right to say retail numbers are up. however that is not necessarily volume sales. >> that is cash. exactly right. david: 8.3% year-over-year increase in retail sales. that sounds great. that is almost completely wiped out by the 7.7% inflation. that loafs you with a .6% rise if you factor inflation into it. a long way away from 8% rise. >> really good point. inflation adjustment is critical. the story isn't as rosie as it looks. i would say, david, washington has not set a good example for the consumer. washington is spending debt, living beyond its means of the as we look out 20, 30 years, interest on the national debt will be the single largest expenditure of the budget. it will crowd out all the other expenditures like health care and education. for the consumer we have to be
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vigilant here. live within our means. recognize there are plenty of companies that maintain pricing power on a inflation adjusted basis. chipotle in the burrito business can raise prices throughout this and the consumer is willing to do it but the story today was consumer trading down from a place like target. moving out of discretionary purchases, moving into walmart because they're fearful going into the holiday season. if holiday shopping is 25, 30% of sales for retailers we have a reason to be concerned. that is the story target told us today. we should listen to that, be vigilant, and recognize it will be a challenging couple months for all of us. david: we'll make it through. larry glazer. thank you very much. >> appreciate it. david: elon musk giving ultimatum to twitter employees bep period to put in long hard, hours of work or get out. fox business's susan li is here with details story. reporter: elon musk cracks examined as we speak testifying in the shareholder lawsuit
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challenging his 56 billion-dollar tesla pay package, the most lucrative ceo pay package in u.s. history. here is live footage from this morning. i should note that elon musk is actually in the lead tesla car, not the suv that some people pointed out. so on the stand you had elon musk taking shots at the sec saying again they seem to be more focused on him instead of putting their attention on say, ftx for example. he says he is 100% focused on tesla. he was. in 2017 not a part-time ceo. he also talked about twitter. he says he doesn't want to be the ceo of any company. elon musk just saying that he expects to find somebody else to run twitter. he will reduce his time eventually with twitter because it is taking up the lion's share of his time the past few weeks and the fundamental organizational restructuring he says of twitter will be completed soon. now last night elon musk sending out a companywide email at midnight, san francisco, across the twitter workforce. he wrote to build a breakthrough
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twitter 2.0 to succeed in increasingly competitive world we will need to be extremely hardcore. this means working long hours, high-intensity. only exceptional performance will constitute a passing grade. anyone who is not agreed by 5:00 p.m. eastern time today, you can leave and you will get three months severance. now until he gets the right people in place elon musk also saying that he is delaying that $8 a month blue check mark program, tweeting he is punting the relaunch of the blue verified to november 29th to make sure it is rock solid. you have to wonder how many bandwidth elon musk has. spacex is in the midst of raising cash right now at 150 billion-dollar valuation. that is up 50% from last year. he is trying to run a trillion dollar car company right now in the midst of this global slowdown. of course trying to extract some sort of value from the 44 billion-dollar social media company, david. david: does he sleep? i don't think he does.
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reporter: probably not. maybe six hours. david: half hour there, something like that. good to see you. thank you, susan, appreciate that. meanwhile taylor swift fans are seeing red over a ticketmaster disaster. fox business correspondent gerri willis with the latest details on this. gerri? reporter: david, i have to tell you this is a funny one, right? taylor swift crashed ticketmaster yesterday as demand for tickets to the new eras tour spiked into millions of orders. so-called swifties, that is what the fans call themselves, they're furious, the site was not loading or allowing them to access tickets. despite having a verified presale code for the fans. ticketmaster saying the site was not down, asking patience from the fans it was facing a historically, unprecedented demand for the pop diva's first tour in five years. so what happened? well you can guess angry swiftie fans took to twitter to complain saying they were waiting online for up to eight hours. although the purchase price of
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tickets range from 49 bucks to 449, the guardian reporting that resale sites were listing tickets as high as $22,000. mean while, guess who got involved? alexandria ocasio-cortez, calling for ticketmaster and live nation to be broken up because of the snafu. she said this on twitter. daily reminder that ticketmaster is a monopoly. its merger with live nation should never have been approved and they need to be reined in. we reached out to ticketmaster this morning i think they're trying to make the story go away because they said nothing to us. you can bet that the swiftie fans reign. there are millions of them. they are very, very powerful. david: i would rather have aoc go away. that is whole another story. gerri, thank you very much. >> very funny. david: a missile crossing into polish territory causing chaos in europe, pretty much around the world. we'll update you where officials are saying this attack came from when we come back.
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♪ david: so we're getting new details after the ukraine-russia war spilled into poland. a missile strike killed two people in poland which is a nato country. jacqui heinrich has the latest on what president biden and the polish president discussed, jacqui? reporter: david, things are a lot quieter now after poland's president and nato's chief concluded this was most probably a russian missile that was fired by ukrainian forces at an incoming russian missile, unfortunately landed in polish territory killing two people. in the time it took to get to that conclusion ukraine's president was calling it a significant escalation. his spokesperson even went on twitter to go so far as to call it not an accident but a deliberate hello from russia to
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poland disguised as a mistake. now that would have had pretty significant consequences. nato allies took great pains to be absolutely certain of what was going on before making any statements. the white house showed a picture of president biden on the phone with polish president duda in a t-shirt at 5:30 in the morning with jake sullivan and secretary blinken in the room. they called for an emergency meeting of the g7 and nato countries here at the g20. biden was the first to state publicly it was likely not what it first seemed. >> mr. president, too early to say whether this missile was fired from russia? president biden: there is little preliminary information that contests that. i don't want to say that until we completely investigate. but it is, i, it is unlikely in the minds of the trajectory that it was fired from russia but,
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we'll see. reporter: so it's not quite the end of the story now. nato ambassadors are being summoned for a emergency meeting at poland's request with the country reportedly ringing the alarm on nato article iv. when a country feels threatened by another nation or terrorist organization. >> preliminary bring analysis suggests that the incident was most likely caused by ukrainian air defense missile fired to defend ukrainian territory against russian cruise missile attacks. but let me be clear, this is not ukraine's fault. russia bears ultimate responsibility as it continues its illegal war against ukraine. reporter: so the u.s. has pledged full support for
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poland's investigation into this incident and we just got an update from national security council spokesperson adrian watson. basically saying that they have seen nothing that is not in line with poland's conclusions so far. that this was a ukrainian missile that landed in their country. david: jacqui, thank you very much. jacqui heinrich. let's get reaction from former poland minister of national defense, eu member of parliament. great to see you, thanks for being here. first of all our condolences, the polish people have done so much to help out in an awful situation after the invasion and now this. it doesn't matter who the missile came from in terms of our condolences to you for the suffering that you guys have done, have had to deal with but it does appear now that it was ukrainian missile and that would take article v off of the table, correct? >> correct.
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and, you know the fact that we base our policy on facts rather than on fake news is cheering actually. our intelligence services are doing their job and clearly neither nato or russia wants to get into a direct confrontation. particularly based on erroneous information. so we are somewhat relieved, aggrieved but rather this is an incident rather than a direct act of war. i agree with the secretary-general ultimate responsibility of is on russia because russia launched a barrage of missiles against ukraine. these are war crimes. targeting civilian infrastructure even in war is an act of terror. david: yeah. >> so they are responsible for this. the ukrainians are not guilty of defending themselves.
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david: no it's clearly a war crime but while it doesn't trigger article v there is something short of that, article iv which involves consultation with all of our nato allies in terms of what we're going to do next. i assume this does trigger article iv, and if so, what is going on there with regard to the progress? >> i haven't heard that poland with actually asked for it but we would be in our right to do so because clearly the tension as risen, you know. there has not been an explosion in poland, in anger in decades and we are providing nato with a a logistical hub. there is a huge operation to supply ukraine as you can imagine. there is a dire shortage of aircraft and anti-missile defenses there. i will hope we have consultations, whether formally or informal. that al slies will rally around beef up air defenses. david: now of course the ukraine
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by far is not giving in. in fact just the opposite. they're retaking territory that had been occupied by the russians with their recent invasion and the first invasion of crimea. so they are fighting back with full fury and a lot of russian casualties. i heard as many as 50,000 russians dead. is that, you're very close to russia. is that affecting the morale? is the news of the casualties that they're taking affecting the people of russia? >> well, yes. we are neighbors of both ukraine and russia. the russian army is not famous for treating its soldiers well and for being protective of their soldiers lives. this war has cost them already much more than the soviet union's ill-fated war in afghanistan in the 1980s over a decade. i'm actually surprised that some
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russians vote with their feet, not to say serve in the army but so few protest. i mean they do. there are more political prisoners in russia right now than under brezhnev. david: wow. >> but you doesn't have public protests yet. because they are so doctor conely punished. david: i mentioned goodwill of polish people helping hundreds of thousands of ukraine was. >> no, it is millions. david: how many of those ukrainians are returning because of the recent successes of the ukrainian army? >> some are going back but remember, this morning half of kyiv was without electricity. people cannot survive the winter with without electricity and heating this is exactly what putin is trying to do, empty the country. he is trying to create a refugee flow. david: unbelievable, minister, we wish you the very best and of course the people of poland as well.
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>> thank you. david: thank you for being here. coming up nasa's art at that miss one mission is finally underway. how does this position us in the space race. ♪ what if there was a community of like minded people ready to support you when you need it most? christian health care ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are regardless of your health history. offering values-based affordable health care cost solutions for people just like you and me. learn more today at your chm.org about healthcare that puts you in control. is it possible the only thought that comes to mind is... ♪ finally? this is financial security.
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david: welcome back to "coast to coast." thanksgiving is a week away, here at fox we're sharing what we're thankful for. first of all i'm thankful for my stepson, phillipe who 22 years ago joined the marines before he actually became a citizen. saying quote, i want to earn my citizenship. he did that and a lot more. i'm thankful for my grandson who has family, effect and a great nation in which to grow, proud, faithful and strong. we hope you have a great thanksgiving. meanwhile the space community is also thankful today for artemis 1 finally launching successfully after months of anticipation. joining us former nasa astronaut and iss commander leroy chiao to tell us more about the mission and how it positions the u.s. in
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the space race. thanks for being here, leroy. first let me ask about you, you were an astronaut 31 years ago. how did you get into it. >> i dreamed about becoming a astronaut when i was eight years old when apollo 11 landed humans on the moon for the very first time. that dream stayed with me. when i got to the point where i earned my degrees, got a little work experience i applied to nasa. fortunate enough to be interviewed and selected. i had a wonderful 15 year flying career. it was great to watch this rocket launch last night. david: god bless you. i mentioned my stepson. you come from an immigrant family as well? >> that's right. my parents i am my greated to the u.s. to go to graduate school in engineering, wonderful. obviously you have never been on a moonshot they stopped in 1972. i know you're not as young as you were 31 years ago but they have people our age who might go. is there any chance that you
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could go a moonshot? >> i would love an opportunity to go to the moon, even just to go around the moon. but of course to actually step on the moon would be kind of the ultimate fulfillment of that childhood dream. as you mentioned there was no moon program when i was active. so you you know that opportunity has probably gone by but that's okay. i can't come plain. i had a very, very rich flying career. i will be watching with great excitement as we send the first americans back to the moon after all these years. david: should we come onize the moon? colonize the moon, is that the first step for these moonshots? >> i don't think we need to colonize the moon. jeff bezos, blue origin, space company plans to build infrastructure in cis lunar space, the space between the earth and the moon. his plans, his grandiose plans may include moon colonies. his idea to shift industry into
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space to make more living space on earth. even he says that is hundreds of years away. maybe in that context maybe we'll colonize the moon, in the shorter term especially looking to mars it doesn't make sense to colonize the moon. it makes sense to do a moon base there to have astronauts do meaningful work and training and develop hardware for mars. it makes sense to have a base there. not a full colony though. david: mars is a whole another kettle of fish because of the time it takes to get there and get back that would require a commitment of years by a astronaut. are there astronauts willing to make that commitment? >> absolutely. you know when we were looking back into the 1990s, there was the first push to go to mars under president bush 41 there was looking at timelines as short as a year-and-a-half, half a year there, half a year on the surface, half a year back. the other timelines were a bit
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longer, more of a 400 some odd day timeline. yes you have astronauts committed to go. i would be interested in boeing. now i don't want to stay there as a colonist but i would rather live here on earth. i would love to the chance to explore the moon or mars. david: best of luck to you. time, people stay younger longer. so your shot may still be available for you. we hope it comes through. leroy, great to see you. thanks a million. i appreciate you being here. the dow meanwhile is now in the green bouncing back from earlier losses. it is the only index that is green right now. it is kind of a mild day for the the markets both up and down. we have more "coast to coast" after this. ♪.
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