stuart: how many americans are 65 years or older? there is your choices. nick adams, guess first. >> 56.1 million, stuart, going with number two. stuart: ashley webster, what have you got. >> crikey. number three, 60.2 million. stuart: i'm going with number four, 64.8 million. >> stuart varney. >> census bureau predicts that number to rise to 73 million in 2030. my thanks to nick and ashley great performance today. don't forget to send in your "friday feedback." you, send your thoughts to varneyviewers@fox.com. that is the way to go. that is fan friday, send it to the same thing there. varneyviewers@fox.com. i got it. david asman, it is yours. david: stuart i feel out of it. i have an american accent.

i don't fit in in. welcome to cavuto "coast to coast." i'm david asman in for neil cavuto. more investors wondering if they will ever see their money again. we'll talk to two of those victims coming up. and a busy day on capitol hill. speaker nancy pelosi in just moments is expected to give us an update on her future as the republicans prepare to take control of the house. and the senate including some democrats by the way, want to cancel the covid emergency but the white house is saying not so fast, particularly since they use that emergency to justify their student loan bailout. we'll see where all of this is heading. a lot to get to. let's get started. david: stocks sliding as interest rates jump. federal reserve signaling there is no end to rate price hikes.

they say inflation is still a problem. retail continues to weigh on markets with key earnings out this week. fox business chief national correspondent connell mcshane with how consumers are reacting to all of this. hey, connell. reporter: david, how inflation goes so goes the stock market seems like that every morning we come in. nothing crazy, the dow is break even. s&p down by far less than 1% but you had the st. louis fed president james bullard coming out. basically he said interest rates have to go up more. the way he put it policy is not sufficiently restrictive, not yet sufficiently restrictive. bond yields go up. stocks are a down a little bit today. for the context on bullard and why he matters, he is a voter this year on the federal open market committee, not a voter next year but his words as all fed officials words these days they seem to carry a lot of

weight f you get a day like this where that is the focus, sometimes called a risk-off i'm not sure that is where we are growth stocks, tech stocks take the worst of it. meta, alphabet, google parent company are all down today. same spot, same time. we had those three stocks were you up and higher. headline was about easing inflation pressures. we get the ppi out. those type of stocks do well. not case today. want to focus on the american consumer. it has been interesting week toed it mildly for tom retailers is the inflation story. it depends company to company. macy's is huge to the upside today, 12% gainer up $2.41. because it had a terrific report. it raised its profit forecast. high-end clothes, beauty products luxury items generally speaking holding up for well with macy's.

people with money not fielding the pinch maybe not quite as much like maybe a shopper al kohl's. scrapped its forecast all together. got rid of the forecast. that is thanks to the inflation squeeze and impact that it is having on consumers. then there were some comments that came out subsequently about the ceo search. they're looking for a new ceo. looking for someone adept the basics of retail. don't want to have a big shift this strategy. the stock has come back, higher on the day. that is the kind of week it has been, roller coaster week generally speaking. target is a good way of demonstrating that out, up 2 1/2 more, 2 1/2% more or so. it came out with the holiday sales warning that killed a lot of retail stocks yesterday. including macy's. up 12% today. at that was down 8% on the target news. david, the bottom line here inflation is the story but how

it is handled, varies company to company between retail. david: tale of different retailers. target such a down move. macy's a big move up today. target recovered. not enough to wipe out losses yesterday. good to see you, connell, thank you very much. amazon founder jeff bezos issuing a warning to consumers to buckle down with, he says recession is likely on the way. listen. >> what i can tell you is, the economy does not look great right now. my advice to people whether small business owners is take some risk off the table if you were going to make a purchase, maybe slow down that purchase a little bit. if you're an individual you're thinking about buying a new, large screen tv, maybe slow that down. keep that cash. see what happens. same thing with the refrigerator or new car, whatever. just take risk off the table. david: simple advice. joined by strategic wealth

partners chief investment strategist luke lloyd. it is beginning to feel we're getting closer to recession, doesn't it? >> absolutely. i mean jeff bezos and amazon makes up 11% of all the retail business in the u.s., right behind walmart at 13%. jeff bezos knows what you're buying, david, what i'm buying, what every person watching is buying as well. maybe we shouldn't take what bezos is saying with a grain of salt, right? the consumer is barely making ends meet when amazon and target are both warning discretionary spending is way down. that is concerning. majority of americans can barely afford needs let alone the wants. target earnings reflects, that right? my concern, you can see the consumer pull back holiday season q4. the holidays people ignore bank accounts and spend regardless for their children and families. i don't see a world where q1, q2 is strong at all. when belt buckle is tightened

people reflect what is important in life, family and friends. that is not good for retailers and stocks but good for american families. david: we have to talk about layoffs because this has been a buffer against a hard recession for quite a while the excess jobs we have. layoffs at amazon. 10,000. meta 11,000 employees laid off. morgan stanley starting to hit the financial firms. morgan stanley, citigroup, they're laying off a thousand. intel, microsoft, johnson & johnson. it is across the board. we're beginning to see these layoffs. we still have a buffer of extra jobs but they're drying up. >> this is just the beginning, david. sadly i hate to say that. only going to get worse but not only about jobs but how leveraged the consumer is as well. david: yes. >> america has a debt addiction. the government has a debt addiction. government has a debt addiction. that is what happens with interest rates 0% for 13 years

straight. households have 16 1/2 trillion dollars in debt. government has $31 trillion in debt a lot of people are expecting stimulus checks, bailout from the government to support the debt addiction. what happens when uncle sam is not there to help because literally they cannot help anymore. the american dream used to be work hard, accumulate enough savings to buy what you want in life. now the american dream is buy what you want in life regardless how smart or how hard you work. expect credit card debt to about higher and higher, until unemployment lowers and people are forced to cut back. david: inflation, people are living paycheck to paycheck. last number i heard 60% of american families living paycheck to paycheck that is the factor. it is inflation factor. that is hitting americans hard. final word. >> you're exactly right with that. people making over $100,000 a year living paycheck to paycheck what does that tell you? wages are not recenting at a rate we need them to.

i'm not optimistic about the future. i can't wait to be optimistic. naturally i'm not a pessimist. there are not a lot of good things happening right now. credit card debt is holding it up but eventually can't hold up forever. david: luke, thank you very much. i wish it was better news. >> thanks, david. david:ftx new ceo john ray is speaking out against the company founder sam bankman-fried. kelly o'grady is here with the latest details. hi, kelly. reporter: david what makes the story is the people involved and that is underscored in today's court filing from the new ftx ceo. i want to share a quote with you, he writes quote, never in my career have i seen complete failure of corporate controls from compromised systems integrity and fault i regulatory oversight abroad and concentration of control in the hands of very small group, inexperienced, unsophisticate sophisticated potentially compromised individuals.

the situation is unprecedented. that is the harsh criticism for the guy that cleaned up the enron mess. these management team investing billions have little experience, two to three years experience. major questions are that sam bankman-fried rumored caroline ellison. former ceo of alameda research. that ftx transferred funds to help with their liquidity issues. elf lesson shared in a previous interview how important having good judgment is. >> being comfortable with risk is very important. quick to react making judgments in uncertain environments i think. a lot of people who are very smart but aren't goodnessly messy world of trading especially crypto trading. reporter: in that court filing the new ftx ceo sharing no auditing ever occurred for alameda's financials. what is also curious sam bankman-fried's ties to democrats. his father joseph helping senator warren draft a tax bill

we're learning. his mother runs a pac that helped secure democratic funding from silicon valley companies. not to mention his brother gabe's meetings with white house officials are also raising questions. back to that team, david, i used to work on the investment side. you look at the team before you put your money in. i spoke with vc sources who did invest. they shared there was not enough due diligence on the warning signs. david: i wonder, mckenzie a firm you worked before hire any of those people with their lack of experience? reporter: no comment. david: a wise choice but i think the answer is no. kelly, thank you very much, i appreciate that. our next guest was an ftx investor who tried to withdraw his money but to no avail, now has lost over $2 million since the collapse of ftx. evan luther joins me. good to see you. i know you put the best face on things. i appreciate your attitude but when you hear about the inexperience of the people that were in charge of your money,

did it make you wonder whether you had done enough due diligence before relying on these people? >> i think there is definitely the fact that they were young people but you can't hit on people for being young, right? david: i'm not hitting being young. i'm hitting for them having no experience according to the experts who looked into their background. >> that biggest companies today were built by young people, facebook, meta, even examples of the markets, snapchat. they were all built by young people. billion dollar entities. what happened here was an individual who intended fraud from the beginning. sam bankman-fried wanted to defraud the users or defraud the industry. everything he did points to that. so, he was really good at it. he is what you call a really good con man because he got everybody -- david: evan, not only working together, they were living together. this was a group of people that were in it together, were

inexperienced together. i have nothing against young people. some of the best geniuses in history have been young people but they had no experience. >> very bad businessmen. very experienced con men. david: yeah. >> this is a fraud, what has happened. he lied at every point what he has been doing. this is not failure, business didn't work out this was them defrauding people. this is ftx ceo going on stage, going publicly tweeting funds are safe, accessed and secure. they were never secure. they were using it to buy houses. we heard from the new ceo they were using company funds to buy houses worth tens of millions of dollars. this is all fraud. david: evan, should you not checked the security before you entrusted them with two million of your dollars? >> see, i mean from what i knew, i believed, like you said he was $40 million to the democrats. anybody who would look at i can't do deep due diligence. i have no auditing records. i can only test what the market

shows. the market made you believe this is a company you can trust. the biggest puff pieces from all the biggest media, that he is the next warren buffett for example, right? this is what we were reading. when you read this kind of stuff you would trust -- david: evan, got to be a moment of self-reflex for you? you've got to -- >> 100%. this is a great lesson. david: say to yourself, i have to do more due diligence, can't rely on these reports, they are not enough, right? >> this is a great example why bitcoin is the best investment out there, not your keys, not your crypto. if i kept the money in bitcoin wallet it would still be me. i made the mistake giving them my bitcoin to, give mee ious. they went under and scammed us. a very big lesson for me. a very big lesson for anybody who in crypto, not your keys, not your crypto. you have to hold your own coins to claim ownership. david: evan, i have a final

question because i have to move on, we just did report on possibility of recession. looks like winds of recession blowing in this direction. wouldn't you feel safer getting a one year treasury bill at 4.6% interest rate and you know you're going to get your principle back? what's wrong with going in that safe route with a recession coming rather than investing more money into corrupt toe. >> cover your bases. cover your bases. i have all my lifestyle expenses covered for the next five years. i can fly first class, a vacation every month. i don't have to worry about anything. i don't have to work a day in my life. all the new cash i believe in bitcoin. i'm buying bitcoin. i believe it's a better investment than holding treasury bills. i have real estate, a lot of holdings, ask me what the most i'm bullish on is bitcoin. ftx is a big lesson bitcoin fundamentally best form of money out there. i'm holding that. after my bases are covered.

i'm not selling my house to buy bitcoin. i don't encourage anybody to do that. have a couple of years, recession can go two years. not will fit overnight. changes will take a long time. david: we have to go, evan. i have to tell you, the mentioned a key word diversifiedcation. that is so important. i would recommend putting a little money in treasurys any way to secure your mind for a little bit after what you've been through. best of luck getting some of that money back. a lot of people are trying. we'll be talking to another victim of all of this who actually has a class-action lawsuit later on in the show. so you want to stick around for that. meanwhile in the political world, speaker nancy pelosi is on the house floor right now. we are waiting to see if she addresses her future as leader. now that the gop gets ready to control the house. we're monday toring that. we'll keep you updated. stay tuned. ♪.

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david: we told you there she is, speaker nancy pelosi is on the house floor right now. we're waiting to see if she addresses her future as leader now that the gop gets set to

control the house. "new york post" columnist, fox news contributor michael goodwin is here. michael, good to see you. we got kind of an inkling who might replace her for the democrats in the minority section of the house. it is likely to be hakim jeffries. we're not certain of that, the odds on favorite we're told. he is a link between the moderates and "the squad." is that a wise choice? >> well, look he is a new yorker. he is also a generational change. so, and he's a black new yorker. so i think there is a lot of symbolism and reality to the choice. it does take it away from that older generation. none of the people who have been around her forever, steny hoyer, jails clyburn, are about as old as she is. you have a generational change here and i think for pelosi's point, had the democrats held the house i think she would have

stayed but nobody wants to be the minority leader. everybody wants to be the majority leader. the speaker, not the minority leader because there is not a lot of fun, particularly in the house. you have no power whatsoever. david: let's talk about the new majority then. just barely that, 218 is what they needed. they just have that, the republicans. how do you think they're doing? >> well look, i thought the first thing today was very interesting that jim jordan and comer from kentucky came out and talked about their plan for an investigations with the judiciary committee on not just hunter biden but joe biden. and i think that is the crucial distinctions to make right now because we know all about hunter biden. what we don't know all about is joe biden, how much money he got from hunter's businesses and they have already gone down that road, these two republicans saying that there is no question

based on the laptop and other evidence that joe biden profited. we know he was going to be the secret partner in this the stake with the chinese energy company. but, if we know that from tony bobulinski and the laptop. what did the bidens give in return for that? david: yes. >> congressman talked about selling access. i wasn't if it really wasn't more than access? as i wrote recently, david, bobulinski is now of the opinion this was a chinese intelligence operation. this was not a business deal so much as a government project to infiltrate the biden family and so the question is looming, is joe biden compromised in his dealings with china? that's a very big issue when you consider, for example, what looked like a very weak performance in his meetings with xi xinping the other day. no, no mention of covid.

he said that biden came away as always, a big news event that taiwan, that they said no invasion of taiwan was imminent. that was his conclusion. david: right. >> that is hardly a victory. what does imminent mean? they still might do it a year from now? that is hardly a thing to be encouraged about. so there is, there are many reasons to worry about joe biden's not just his fitness but his relations with china and whether he is is compromised. david: i'm extremely worried about all these things. i think millions of americans are. the question is though investigative fatigue. there is, so many of these january 6 committee hearings, i'm wondering whether even if it is, even if there is real gold there to be mined by an an investigation whether americans have the parish sensor to really search with republicans for an answer to these questions? >> look i think you can do two things at once. they can both whistle and you

know walk at the same time or chew gum and walk i guess is the phrase, right? they can do that. they need to do legislation. they will run into senate roadblocks but i think the republicans, you're right, republicans need to show that they care about the problems plaguing the economy, the border. so i think there are a lot of things to be done legislative wise. at the same time they can do their investigations into the bidens, into mayorkas for example, and the border. so it is going to be a big challenge and i hope that the republicans are waking up early, staying up late, working very hard at this because i think they have a lot of resistance to overcome among the public. i mean i think they should have won more seats. the fact that they didn't i think is owing many cases to the fact they didn't really put out a plan, what they would do with their majority. so now they have it. it is narrow. we don't know the exact final total yet but they have to use it smartly, wisely, and quickly. david: right.

they have got to take a page from newt gingrich and the contract for america that is the last person who had a really cohesive plan from house republicans. >> yes. david: good to see you. david: michael. thank you very much. although you're coming back to see us in the a couple minutes. meanwhile, are you in or are you out? employees must decide by 5:00 p.m. today if they want to be part of elon musk's hardcore twitter. reaction out of twitter headquarters right after this. ♪.

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david: we got the breaking news folks. fox news senior congressional correspondent chad pergram with the breaking news on nancy pelosi's future. chad, take it away.

reporter: taking to the house floor. she has been speaking for 15 minutes here, she has noted she will continue to be a member of congress but she will not seek re-election to a leadership position in the new congress starting in january here. now what happens next, that is unclear. hakeem jeffries, the new york democrat, a lot of people think he could step in to be the minority leader. there is a big question what this means for steny hoyer, the majority leader, and jim clyburn, she said in her remarks, for every time, every moment there is a season. she quoted scripture. talked about the first visit to the capitol. her father from baltimore was a congressman. there is a capitol. is there capital a, capitol b, capitol c. she didn't know what she was looking for. she never thought she would rise to the first female speaker of the house. reiterate, nancy pelosi

officially stepping down after 20 years in the democratic leadership, the house of representatives. she will continue to be a member of congress representing san francisco, however she will not seek a leadership post in the new congress. david? david: very good reasons. she is a person who loves italy. it is one of the most beautiful countries in the world. i wonder if she could turn down a post as ambassador to italy if it was offered? reporter: they have never filled that position, ambassadorship to rome. it would be easier for senate democrats now that they're going to be in charge of the senate next year to get that through. you know, we were hearing mixed things what might happen with nancy pelosi. it was thought that after the attack on her husband she might actually stay and continue to be a member of congress but you know, she did two interviews over the weekend on the sunday news programs. she spoke on abc on sunday morning and indicated she intended to stay in the congress. a lot of people thought that meant she was staying in leadership. that is not what she said.

these members of congress, especially those risen into leadership, they choose their words very wisely. that is precisely what happened. denny hastert, he continued to be a member of congress. he announced in late 2006 when the republicans lost control of the house, he would continue as a rank-and-file member. he was speaker at the time this is a very similar model in that respect. david: chad pergram, with the breaking news. chad, thank you so much, appreciate it. shifting gears now, a new twitter or pack up and leave. let that sink in for a moment. remember elon musk's big debut at twitter headquarters last month? now musk is making a push to weed out woke employees at twitter. susan li joins me with the latest on ault of this. >> reporter: edict ultimatum. they have until day to leave with a little bit of pay. muck twitter 2.0 we will need to be extremely hardcore.

this will mean working long hours, at high-intensity. if you're sure you want to be part of the new twitter. click yes on the link below. anyone not done so by 5:00 p.m. thursday will get and receive 3:00 months of severance. engineering will be his focus, design and parts. elon musk says that is important to him. remember he already fired half of the staff just a few weeks ago, testifying on the stand yesterday, that was tesla separate pay package lawsuit by the way. elon musk says he doesn't want to be associate he yo of twitter or frankly any company. he expects to find somebody else eventually to run the social media site. musk says twitter taken up the lion's share of his time the past few weeks. he is a busy man as you know, majority owner in three big companies, twitter, tesla, space g. we had a "new york times" story this morning, quoted several fired spacex employees were unfairly let go after speaking up against elon musk. now "the times" also said that

musk fired two dozen twitter employees earlier who openly criticized him. so where is the free speech in that? finally musk, he like as bit of twitter humor, tweeting out this photo this week much hokesters who pretended to be fired twitter employees the day he took over the company which the press wrongly reported. my conversations from silicon valley, david, everybody knows that elon musk is a tough guy, a tough boss to work for. david: yes. >> reporter: but his track record is unmatchable. david: he is a genius. a business genius, no question. susan, thank you very much. constellation research ceo ray wang. ray, good to see you. thank you for being here. it is such an amazing experiment we're going through right now. with all of the successful businesses he has it will be fascinating to see whether he can turn this around. he has got so many winds blowing against him on this but it does seem like he targeted those people who really veer in absolutely the opposite direction where he wants to take

the company, right? >> definitely is the case. twitter has been bloated for quite sometime. i bet they were going to get down to about 20% of the number of employees he started out with. i hear there is a plan in january, vps, figure out the people to be let go to be let go as well. the big challenge at this point is really elon is not a software guy. he is trying to figure out how this all works. he is also not a social networking guy, he trying to figure out he works. he has advise as advisors there, david sachs how to get the right people on the team. elon's team always work like this. if you don't produce you leave. david: first he thought he could weed some of those people with different idealogical views that he did that might work with him. there was this guy roth, 35 years old. he was one of the guys who was chiefly involved in the censorship of "new york post" story of hundred hunt.

he also called the trump team nazis in public. looked like he was going to stay there. now he is out. looks like some people are just too far beyond the pale for elon. >> yeah. there has been a lot of that going on. i think the challenge, foral lon is really find people that are loyal who really want to make something new. he is tapping in proall his entities from spacex, tesla, folks who want to take on the project. of course he will find outside talent. he still attracts a lot of great talent, folks that want to change the world in terms of a engineering role. david: i have to ask about advertising, there is this new movement by the woke crowd to scare off advertisers who want to stick with elon musk. they're called accountable tech. that's their name. they're trying to really push -- and frankly a lot of these are the same people mo were pushing to boycott georgia when it came out with a lot of very bad

incorrect information, certainly turned out to be incorrect based on what happened with the last election about the georgia election law. these are woke individuals, some of whom have wormed their way inside of corporate headquarters in various offices around. they have a lot of influence. coca-cola, mlb, a lot of corporations followed their suit even though they were putting out bad information about georgia. will they have the same effect against twitter? >> i think they have already had that affect. they reached out to most of the major advertisers. elon hasn't responded by what he will do. personally reaching out to a lot of folks to make sure they wouldn't leave. pressure from outside groups that continues. they're trying to, you know, they're trying to actually make sure that twitter conforms to their standards and they're telling the advertisers to do that. i think we'll see that kind of war on advertisers for quite sometime. this is not just twitter. there will be more in other tech areas from this group. twitter is just the first case. david: this is garbage.

a lot of what they say is absolute garbage. it is not just opinion, it is garbage. it is misinformation, fact corporate boards around the country would give them due diligence is beyond belief. they saw how wrong they were in georgia. they are probably wrong here as well. there are a lot of scaredy-cats in corporate boards. that is what is amounts to. ray, thanks very much appreciate it. david: coming up we get a new read on the housing industry as the mortgage rates see the biggest drop in more than 40 years. what does that mean for homebuyers? we'll take a look right after this. ♪. what if “just an idea” could become a family tradition? this is financial security. and lincoln financial solutions will help you get there. as you plan, protect and retire.

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♪. david: we are getting a new read on the housing industry as more mortgage rates see the biggest

weekly drop in more than 40 years. gerri willis is here with more on what is happening in the housing market. >> reporter: this is incredible. we'll give you these numbers on this mortgage interest rate drop because it is phenomenal. mortgage rates plummeting today, average for fixed-rate 30-year mortgage at 6.16%, down half a percentage point from last week's 7.08%. according to freddie mac that is the biggest drop in 41 years since 1981. the economist there saying signs of inflex peaking, having peaked ppi, cpi, that happens. we'll see if it sticks. comes a welcome news to buyers facing a crisis who home affordability. if you want to be a homeowner you need six figures as spiking mortgage rates over the past year, rising housing prices push monthly mortgage payments through the roof. new data from redfin showing a homebuyer has to earn $107,281

to afford the monthly mortgage tame on a typical home. that is up 45.6%, from the 73,368 a year ago. big delta, big change inside of a year. listen. >> income needed to buy a home is well above what the median income is in this country and that means that you know, you have to be part of the upper class to be able to afford a home now. previously, homeownership was seen as a way to enter into the upper class. now you have to already be there to be able to afford that starter home. >> reporter: meanwhile home construction declined in october more than expected. the number of permits for single family homes dropped to the lowest level in nearly 2 1/2 years as the cost of higher labor and materials get passed right on to the consumer. pause in construction, new supply is another affordability that is, hurdle for homebuyers across the country.

redfin data revealing that homebuyers need to earn at least 100 grand in 45 major cities this year. that is up from 16 last year. these cities areas located in florida, northport, florida, homebuyers there need to earn $131,000 annually to afford the typical monthly payment of 3200 bucks. that is a 73% spike from last year. so, david, big changes there. hopefully what is going on with interest rates will change that up a little for those homebuyers out there. david: just in time for the recession, but that is whole another story. gerri, thank you very much. a surprising bipartisan rebuke of president biden by the u.s. senate. on tuesday 61 senators voted to end the covid national emergency declaration that the biden administration is using to justify its student loan writeoffs. so will this kill the president's attempt to buy off young voters with a half trillion dollar grab from u.s. taxpayers? back with us "new york post" columnist, fox news contributor,

michael goodwin. so, michael, a lot of democrats, we remember, when this was announced by the president, were kind of uneasy about the middle class having to pay off for this, you know, half a trillion dollars for something that most of them wouldn't be able to take advantage of. it would just target the young people who did go out to vote for the biden administration, i think as a result of this cash grab but, guess what? just after the election, after it had its electoral effect, they're thinking of getting rid of the national emergency? >> shock, shock, huh, david? david: yeah. >> look the, you're right about the loan forgiveness. it looks like it will not be allowed because of the courts. biden overstepped his authority. everyone knew that at the time but he did it anyway, just as a political ploy, just to get the youth vote. it seemed to work. i guess those college educations weren't very good if they fell

for that because, the handwriting was pretty clear, the courts were going to overturn this and so if anybody voted for biden on the basis of that, maybe they ought to go back to check the college degree. may not be worth it after all. david: we have to run because we had all the breaking news. meanwhile american cities are still suffering terribly from crime. even democratic strongholds like philadelphia which have this radical d.a. larry krasner, he has been impeached. will that lead to him getting out or not? >> well, like the federal rules, the state rules in pennsylvania require majority vote in the first house, which has happened. and then 2/3 majority in the, in this case the senate. and while republicans have a majority there, they're going to need some democratic votes to get to that 2/3 so he would be convicted and removed. the numbers in philadelphia, statistics on crime are just over the moon.

it is unbelievable. david: looking at them right now. >> more murders than new york. more shootings than new york. quite an extraordinary thing for a mid-sized city like philadelphia. david: the most number of murders in its entire history of over 300 years as a city. michael goodwin, i wish we had more time. thank you so much. good to see you again. the nato chief saying the missile that hit poland is not ukraine's fault. we'll find out how poland feels when poland's ambassador to the u.s. joins us next. the first-ever all-electric chevy blazer ev. 0 to 60 in under 4 seconds. and up to 320 miles of range on a full charge. evs for everyone, everywhere.

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and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. david: polishing officials and nato saying the missile that killed two people likely from ukrainian air defense, the ukrainian evidence he has no doubt the missile is not ukraine's. polish ambassador to the u.s. marek magierowski joins me now. >> good afternoon. thank you for having me. david: absolutely. our condolences to the people of poland. >> thank you. david: there have been so many extraordinary acts of mercy of your people towards the millions of ukrainians that came over. the world is indebted to the work that you're doing but it does appear to be a ukrainian missile that was responsible for this. as i mentioned president zelenskyy continues to insist it

wasn't. where do you stand on this? is there any way to end controversy bit? >> we now know for sure it was not an intentional attack on polish territory. we mourn the death of two polish citizens as you rightly noticed. we are cautious at the choice of words, any attribution of malign intent would be premature and counter productive. ukrainian experts are on the site of the explosion. they will have access to the investigation. i do believe that all the issues and all misgivings will be soon clarified. david: do you encourage president zelenskyy to change his story on this? >> there was no need to change his story. we have evidence. as i said i can't confirm that, confirm that 100% but, again, as i said, all theories at this

stage would be premature and counter productive. also in terms of our bilateral relationship with the ukraine. i would like to stress very emphatically, that our support, regardless what happened in that village in southeastern poland other support for ukraine remains unstinted. our support for their efforts to stave off russian aggression. david: understood. what about article iv? obviously article v will not be invoked but article iv which has consultations between nato members about the conflict, is that going to be invoked at this point? >> no, it is very clear now after preliminary assessment the polish government came to the conclusion that there was no need at this moment to invoke article iv and to trigger the consultations among allies. david: all right. ambassador, very quickly, the united states has spent a lot of money on what's happening in ukraine. obviously not the sort of human capital that you have spent in

poland but spending almost $100 billion. the last, newest tranche being asked for is 37 billion. that would make the total about 100 billion. americans are saying why aren't europeans doing more to step up to pay for this thing? what would you respond? >> let me just say one thing, it is glaringly obvious that, that tragic event in southeastern poland would have not occurred if russia had not invaded ukraine in the first place. david: of course. >> this is absolutely clear and obvious to us. europe is doing a lot, not only poland but some baltic countries. we're trying to convince our partners both in the nato and within the european union to ramp up their financial and humanitarian and also political efforts in order to help ukrainians defend themselves because it is pretty evident for all of us that the ukrainians are fighting not only for their freedom and for their sovereignty but also for ours.

it should be a common effort and it should be a -- david: should be. >> transatlantic obligation. david: should be indeed. ambassador, wish you the very best. the people of poland as well of course. >> thank you so much. david: we'll have more cavuto "coast to coast" straight after this. dad, we got this. we got this. we got this. .. we got this! life is for living. we got this! let's partner for all of it. edward jones finding my way forward with node-positive breast cancer felt overwhelming at times. but i never just found my way, i made it. so when i finished active therapy, i kept moving forward and did everything i could to protect myself from recurrence.

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dave: welcome back to cavuto coast-to-coa