♪ ashley: which of the following was not served at the first thanksgiving? it was a good question. lauren, take a guess. lauren: i'm going to go with venison. venison was not served at the first thanksgiving. ashley: i was going to go with duck, but we're both wrong. the answer is turkey. lauren: that was my second guess. ashley: turkey. it was a trick question. lauren: i knew the answer to -- >> i can't believe it, turkey wasn't there at the first thanksgiving? that's incredible. ashley: i know, right? david: that's a great trivia question. thank you very much, ash. welcome to "cavuto coast to

coast". i'm david asman in for neil cavuto, and the top stories we're following today, stocks, well, they're climbing. it's a broad, energy-led bounce upping retail earning, lifting investor sentiment. we are breaking down the numbers for you. and ftx in bankruptcy court today. god, what a mess. former acting attorney general matt whitaker is here with what we can expect as $1.4 trillion is wiped off the crypto market just this year. plus, we're live at the world cup with all the upsets and a look at how much americans plan to bet on the most-watched sporting event in the world. all that's coming up on cavuto coast to coast. but first, our top story, a rail strike let. ening to upend the nation's supply -- upend -- threatening to upend the nation's supply chain. david spunt has more on the response from the biden administration. >> reporter: good afternoon. president biden touts himself as a pro-union president.

the question, at what level will he personally get involved to make sure there is no strike that would affect millions of americans? there are 12 rail unions, the largest freight union called sheet metal air rail and transportation rails voted down management's latest offer which included 24% raises and $5,000 in bonuses. now, the majority of other unions, david, don't have a problem with the deal but are standing in soling darety with smart tv and would pick it if -- picket if necessary. workers want better pay and more flexible hours. >> it's back in the carriers' hands at this point, back in their court, and we go back into negotiations this afternoon. talks will begin. i will be there with the three other unions that have failed agreements, but it will be a difficult process, and we're going to do our best. >> reporter: the president yesterday briefly said on the

south lawn discussions are underway to avert a crisis, buzz his last extensive comments on the subject, david, came in september when the white house worked on an 1 11th hour deal between then companies and the unions. >> -- agreement can avert damage any shutdown would have brought. our nation's rail system is the backbone or our supply chain. >> reporter: and labor secretary marty walsh is behind the scenes being briefed on this latest stalemate. he's a former union worker, mayor of boston, and administration officials, david, believe in some senses he is the closer when it comes to these last minute negotiation deals. we're told walsh is not involved right now on a detailed level, but it remains to be seen if things get down to the wire here over the next few weeks if he gets involved was things could happen. when i talk about things could happen, i mean a strike could happen as soon as december 5th, david. david: oh, boy. well, he's the closer. i thought it was closed. a lot of people did think it was

closed back in september. david, thank you very much. well, the white house helped negotiate the deal in september. here's labor secretary marty walsh back then talking up how it saved the economy. listen. neil: you know, i understand that maybe a motivating force at least for the union representatives was republican effort to force legislation to force them to take a deal. how true is that? >> that wasn't true. i think what the motivating force was with myself and, more importantly, the president of the united states of america explaining to both sides what was at stake here. the supply chain working -- the president trying to bring down global inflation pressures, domestic inflation pressures and understanding that if this strike happened tonight, which would have been tonight at 12:00, it would have devastating impacts on the economy. and the american people have been through enough. what we didn't need was a national strike is. david: that's for sure.

[laughter] sal style is here to give us more details. just for those who don't know, sal, you're an expert in all of these issues about moving stuff from a to b to z and all the transportation the means that we use for that, main one -- president biden actually ridiculed people who suggested that the deal was not ironclad back in september. turns out it wasn't. >> well, you're absolutely right. we advised our clients, and i particularly didn't think there was a deal ratified because the key phrase that was used was tentative. now, i have a hard enough time on a friday night having my children decide what to have for dinner, let alone having 12 unions with 100,000 members within a short period of time all be in line. the real crux of the issue was not just the pay raise of 25% over 5 years, but it was bereavement leave, sick days and things of that nature which were

more quality of life. so those really weren't addressed in the fine details of the agreement. so we weren't surprised that there'd be a potential strike, and we advised our clients accordingly to hedge and not use the rail as much as they'd done in the past, and have to shift more to rubbing. david: i don't want to get -- to truck. the engineers backed the deal. conductors and the brakemen are the ones who literally pulled the brake on the deal. but it was close. we're talking 48-52% or something like that. but i guess in these situations close is no cigar, right? >> well, it's like anything else. the majority rules in these situations. and they're going to have to go back and try to remedy it. obviously, a strike would be devastating to the entire economy, especially to the bulk sector that needs chemicals, $3 billion a week in chemicals would be impacted for factories. so you'd have factories probably slowing down, and also a lot of people don't realize that ups is

one of the largest customers of the rail system. so all those small packages would be delayed. they're going to have to start to reroute. it really is a quagmire. and let's say perishable islande are small and mid-sized importers, and domestic companies that bring produce in, and if there's a strike, they may not be covered under their insurance policies and may have a total devastation loss because usually insurance has exemptions. david: and, sal, you know, it couldn't come at a worse time. the fact is the fed right now is trying to kill inflation, jacking up interest rates. the inflationary effect of this, i'm told it could be as much as 4% on top of what we have now. that's how much this could cost american consumers. that means that the fed would have to push up rates even more which almost insures a recession if it's not already insured, right? >> right. i feel a recession's coming

about. and even if they put -- i look at it this way, even if you're going to slow down, okay, inflation, the consumer already has stratosphere ific debt payments. they're spending more now than ever, the interest rates are higher on their credit cards, so they're going to lower inflation? okay, big deal. you're not going to have any money to buy anything anyway. what good is it going to do? david: sal, very quickly. you were right the last time when you said you were somewhat skeptical about the ironclad nature of the deal that we with thought we had. what's your best guess? we heard december 4th or 9th as the date that the strike could start. could we solve is it, could we resolve this issue before then? >> well, a couple of things. first of all, even though the strike would be december 8th, the reality is even though it's not called a strike, you're going to have the steamship lines, the railway withs stop talking calls probably a week to ten days beforehand, so effectively you have a strike before that time period. i think hat railmen and the

unions -- that the railmen and the unions are going to stand strong. this is their time to shine is. things like this don't come about so often, and they're going to have to look to product their families and get their best deal, so i think they're going to take a crack at it, and i don't think they're going to ca capitulate. david: sal, you got the information for us. you're right on target and you were last time. unfortunately, you tell us the truth. it ain't always pretty. good to see you, sal. thank you very much. have a good, happy # s. appreciate it. well, the energy sector leading stocks higher today. fox business chief national correspondent connell mcshane is here to break it all down for us. hey, connell. >> reporter: the energy stocks are tracking the gains or i guess you could say the bounceback in the oil price from late in the session yesterday. a lot of volatility in oil, but it came back at the end of the day, and that's continued today. there was all this talk about opec maybe pumping more oil, there was a report about that. the price went down, saudi arabia denied that report, the price came back up, and today's

2.5% gain is on top of that rebound late in the session yesterday. energy stocks, the big ones like chevron, exxon, devon energy as well which is even more percentage wise a gainer today by 4.5%, they've been in the green all day long. so the stock market is up, energy's leading the way. let's shift over to some of the earnings that we either have in today or will be getting later in the day today. all of these companies from best buy, nordstrom, dollar tree, dick's sporting goods, have or will report. best buy is the one to position op on, terrific report up by 12.5% in that it was better than expected in the third quarter. also the sales outlook was an upbeat one, so best buy's pushing $80 on the day with about a $9 gain. dick's sporting goods as well raised its full-year outlook, so that stock's up by a little more than 9%, # 16 and change. dollar tree, however, not so much. the deal here was that the full year of profits going to be at

the low end of the forecast that they gave. margins at a company like dollar tree have and continue to be under pressure. inflation, as you might expect, is getting the blame there, and the stock is really taking a hit today. dollar tree is down close to 10%, more than 9.5 right now. the other thing to watch are the fed if speakers. we have a couple that we're kind of zoning many on. the cleveland fed president loretta meister speaking already, just one headline of note from her, she said that restoring price stability is the key mission for the fed. the fed will use all the tools to achieve that. we've heard that before. fed president from st. louis james bullard will get a turn later today, so it's all this tea leaf meeting, maybe some more clues about rates, where things stand or where they're going. most people seem to be expecting i guess 50 basis points in december. pretty good stuff on the retail earnings front from best buy today. david? david: connell mcshane, thank you very much. joining me now is john lonski,

one of the best economists in the world, i think it's fair to say. good to see you, thank you very much for being here. i'm kind of surprised. i know that the market's happy about these retail numbers -- not all of them, not dollar tree, but most of the others look pretty good. but on the other hand, this looming strike, i mean, that could cost 700,000 jobs by some estimates. it will definitely push up inflation which means the fed might be forced to push up rates even more, and that could, that could if not guarantee a recession, make a recession even worse, right? >> well, right. what you're saying is some of this good news we're getting from corporate earnings reports on retailers may not be the sign of things to come for the u.s. economy. let's not forget on top of the possibility of losing 700,000 jobs to a rail strike, we have company after company announcing planned layoffs if they're not laying people off already. david: are you getting any indication of your own about retail sales?

we just -- by the way, to put things in perspective, canada just had a lowering of are retail sales by .5%. not a big drop, but it was a drop. a lot of consumers last year, of course, it was a big party. consumers were so happy that the pandemic appeared to be over that they were spending like crazy. this year, you know, they're dipping into savings, and it's not as easy for them to spend money. >> they're dipping into saving, is and let's not forget when the major retailers release their sales numbers for the third quarter, that's in nominal terms. it's not adjusted for inflation. and moreover -- david: so it's not unit sales, it's just the cost of inflation. >> exactly. and, in fact, what you're going to find in many cases they are realizing revenue growth through increases in prices, selling prices that compensate for a reduction in sales volumes. well, if you're selling fewer units, as you mentioned, that means somewhere along the line

you're going to have fewer people making these products, you'll have fewer people even stocking the shelves. david: but investors must realize that. i mean, they're not dummies. they know that sometimes the retail numbers are more a reflection of inflation than they are of increased sales. >> all i can think is that investors strongly believe that interest rates at some point in 2023 are going to drop significantly, and that is going to help restore momentum to the real economy. i mean, why do we have stock prices for housing sector running higher when every indication is that unit home sales may be down by 25-30% from a year ago at some point in 2023? david: you know, we have other indicators and, again, not getting too much into the weeds that you economists love, but we have these inversion, these yield inversions where the long-term rate is supposed to give you a higher rate of return than the short-term rate.

it's just the opposite right now. is that a concern? >> that is a concern. in fact, if the fed follows through with the rate hike schedule for mid december, that puts fed funds at about 4.4%. which is way above the latest 10-year treasury yield just under 3.8%. and whenever fed funds is that far ahead of the 10-year treasury yield, the economy's going to slow if not go into a recession. and vergingly you're going -- eventually you're going to have both the federal funds rate and the 10-year treasury yield move significantly lower. david cave i'm not sure i'm going to get an an there you on this one, but what are you doing with your money right now? would you be investing on a day like today with all of these overhangs? >> well, i'm a conservative fellow, and i'm holding my equity investments, keeping them where they are. i would still be conservative, i'd be cautious. i would not overlook the fact that in the past we haven't had the u.s. equity market bottom

until a recession is underway. and in 2023 the odds of a recession are better than 50-50. david: by the way, where are you holding your money? you coone of these 3-month yields? because you're getting, what, 4.5% on a 3-month? >> that's a great option. i wouldn't pass that by right now, and i don't think that a definitive bottom is going to become clear for the equity market until we are well into 2023. david. david: david great advice. john lonski -- >> one thing, i want to add one thing. with housing recession, home sales being well down from where they were from a year ago, the housing recession will not end until the 10-year treasury yield falls under 3%. david: that could be a while. >> that could be a while or it could come very quickly later next year. david: if les a severe recession, that's certainly true. john lonski, great to see you. >> my pleasure. david: well, ftx making its debut in court as investors and

the rest of the cryptoverse sift through the wreckage, and there's a lot of it. we've got a live report coming next.

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david: the largest crypto collapse ever in the spotlight

today, first appearance at a delaware bankruptcy court. kelly o'grady is live in wilmington with the latest. i guess there's still one back in the bahamas, right? [laughter] >> reporter: yes. he's in his $40 million mansion, david. i mean, what a life, right? this is all coming down around him. the word of the day here though in these hearings is unprecedented. we are hearing that over and over from the lawyers not just in describing the worst crypto collapse many history, but also how long these proceedings took, 10 days from filing for this first-day hearing to actually commence. now, i want to share a few revelations with you. hearing is still ongoing but, first, the lawyer shared that a substantial amount of asset ises have been stolen or are missing from ftx. they're continuing to fight ongoing cyber attacks and are seeking to pass a motion today that would protect individuals on their staff from penalties incurred fighting those attacks.

second, the ftx lawyers are calling for an investigation into binance's divestment going back to july of 2021, that's when sam bankman-fried bought them out of their stake, and that a revelationlation is coming amongst a number of others today including a fight over mr. ftx customer data the should be released including the names of those top 50 creditors. this is breaking right now, my producer is flagging me as we speak that the judge has ruled in favor of ftx, so that information will not be released. i also want to highlight they are confirming that the bankruptcy filing that was initially slated in new york, they have agreed to consolidate that in delaware, but they did address the concerning movement of funds by sam bankman-fried at the direction of bahamian regulators, and ftx lawyers have reserved to pursue the actions and funds there. and as you mentioned, sam bankman-fried is hiding out in

the bahamas, and there's still the question of whether the disgraced ceo will be extradited. the treaty with the bahamas said he has to be charged first, and rushing it could lead to charges being allowance out. just to wrap, hearing is still going on, we'll bring you the latest. but we did learn that there is intent to come back within the next few weeks with the proposed sale of assets. the ftx lawyers said there's a lot of interest from the market. david: i wonder if that includes the real estate of the parents of this guy which amounts to a lot of real estate down in the bahamas as well. just an incredible story, kelly. thank you very much, appreciate it. former acting u.s. attorney general matt whitaker is here. great to see you. >> good to be with you. david: so "the wall street journal" says the top 50 customers alone with owed -- are owed $3.1 billion. that's just the top 50. as much, there was as much as $16 billion in assets that was being held by this company,

apparently. >> yep. david: do you think any of the customers will get their money back? >> they're going to get fractions on the dollar. i've followed this case very closely. i think the interesting thing, one, the bahamian government has a cold storage device that has $300 million on it. that's going to be interesting to see how that plays out and that transfer, especially since it's extra-jurisdictional from the delaware courts. but, you know, i think these people that were or in this exchange were trading, were, you know, possibly speculating on, you know, movements of clip to currency. i -- cryptocurrency. what'd they expect? this is one of those things where buyer beware. if something's too good to be true, david, as you know, it probably is. david: and, you know, we were talking a before we came on about how people never learn. it's the same, it's the same idea of greed and avarice and perhaps envy. you want to get in before your

neighbor does and all that stuff. you've got to hold your horses until you're sure. >> right. david: so many people were jumping in on this bandwagon before they knew anything about the company. and what we know now is what a horribly arranged conglomerate of strange people who had no background in finance at all. >> i think this, you know, it's always when you have a company like this, you can see the failures looking in the rearview mirror. but i think anybody that would have informed in this on the front end should have asked some very pointed questions about really just corporate governance and control. and anytime you're dealing with something that's offshore, obviously, that heightens the concern. of. david: and not to mention the fact that there were some regulators, including gary gensler -- and, again, we don't know the exact extent of his role. maybe he was just advised by a friend you've got to talk to this guy because crypto's important or whatever. >> yeah. david: the point is that there were the people who should have known better, whose job it is to kind of oversee what's going on

that weren't doing their job. and my question because you know d.c. very well, was he getting protection from the people that he was paying contributions to? >> well, and as horrible as this story is, it's very interesting because the media does not seem to be covering it like they have over financial catastrophes in the past. and i think one of the reasons is because, you know, this gentleman was very cozy with not only the regulators, but political leaders in washington, d.c -- david: the second largest political contributor next to, that's what i'm told by some people, next to soros himself. so should there be an investigation? we've got a republican congress coming in. if neither the immediate. >> more the democrats -- media nor the democrats are interested in investigating this, might it be the are republican majority? >> yeah, but this is something that needs criminal investigation. and i worry having spent several years at the department of justice that there's very few people that actually understand cryptocurrency and these type of financial markets. and so, you know, while the wire

fraud statutes are usually pretty easy to charge and the fact patterns are pretty simple, i think in this case to the point he's not going to be the extradited. he's not coming back until he's actually charged. in a case like this with this amount of fraud and these massive dollar amounts, it's going to take some time to untangle. david: and you're saying leave it to the judge, leave it to the bankruptcy courts in order to unravel the mess -- >> i have a lot of confidence in the delaware federal bankruptcy court. i think they do a really good job with these types of cases. it's just really, it's a mess. david: i've got to ask a final question about the border which was of great interest to you when you were attorney general. we now have the future leader, i think, of the house, kevin mccalifornia think -- mccarthy is going down to the border. he says, tweeting out, he said we're going to share our gratitude for brave border patrol personnel and send a message to joe biden that a republican majority will use every tool at our disposal from the power of the purse to the

power of subpoena to secure our border. but reasonably, is it possible to expect a republican majority in the house to be able to do anything at the border? because so much of it depends on the department of homeland security and other agents of the executive. >> right. and so much of it's going to have to be political pressure. i think, ultimately, you don't want to take resources away from border patrol. you want them to just be able to do their job, be released to actually turn people around at the southern border. and right now we have an asylum system that's broken. we had it down from three years to a year and a half to have a hearing, it's now back up to six years on these asylum lumbar claims which means to nobody's getting a hearing anytime soon. so we have all these claims together with people that are coming through unregulated in addition to that, you know, we see video every day as you do, david, about people running through the border -- david: and a lot of them end up as getaways.

you know what kills me, we've got to run, but there's so many millions of people, and i have some in my own family, so many millions of people are doing things the legal way who are just hanging on for years and years and years just to get their green card legally and to get a path to citizenship the legal way, that way, and they're just being jumped right over. and now senator schumer is saying he wants -- he's thinking about amnesty for 11 million. >> we're the most generous country in the world. we admit over a million people to permanent status. we need to just have the system work in the american interest and not have chaos at our southern border. david: it's the breakdown the of law and order, writ large. that's, i think, the biggest problem in the united states right now, and for all the economic concerns, the breakdown of law and order on our city streets, on the border, etc. >> yep. david: you tried to keep that in shape -- >> maybe we'll get another chance. david: matt whitaker, good to see you. >> thank, david. david: the hunter biden laptop,

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dave: two years after the new york post was censored from social and like the media for reporting the truth about hunter biden's laptop cbs news is reporting that they have confirmed the laptop is real. joe concha, this is like a babylon be article, almost a parody. news begins with the word new. what is new about a two year verification process? >> let me answer with a question. what's that line by detective john maclean played by bruce willis? in the first police officer arrived in the first diehard he said welcome to the party, pal.

769 days and two elections later after the story was broken cbs is doing a end zone dance around the laptop and emails verified by the new york post in october of 2,020. when donald trump at the time begged leslie stahl of 60 minutes to investigate the laptop in october of 2,020 and she kept insisting the contents could not be verified i have a feeling 60 minutes didn't attempt to verify the laptop, they just bought the line that it was russian disinformation and that was the end because there was an election coming up and got a bid we make president biden uncomfortable in that way. dave: they laughed it off or ignored it entirely but worse was the legacy media attempts to censor the story. instead of verifying it one way

or the other they just automatically took a magic marker and put a line through it. >> like pyongyang came to the us with the censorship of this story and officials in the trump campaign like kayleigh mcenany who had her locked by sharing the story, you would think journalists would have stood up and said this is wrong, we can't be censoring stories that we may disagree with or think can't be verified, but at the time you had a laptop and emails and content, not he said she said. now we hear from the same journalists the twitter is a place where disinformation runs rampant under elon musk, that happened under the old regime, the hunter biden laptop story as exhibit a. dave: the story they didn't think of verifying was the russian disinformation story that those ex-cia guys and other people who are far too

political for their positions were leaking to the press, they went with that story regardless. you mentioned twitter, cbs and a brief moment they said they were pulling out of twitter and got back into it. i'm wondering, as much as they claim to hate twitter and what elon musk may or may not be turning it into they can't avoid it. >> this helps promote their product. they said it was for safety concerns they were leaving twitter, of course not. all these other journalists to say we are leaving twitter, we can't stay anymore, it's a dangerous place, don't see that happening. elon musk just reported a couple days ago twitter usage is at an all-time high. we are the site is going to implode because of all the layoffs going on, that hasn't happened yet. what elon musk is doing his 1090 rule, 10% of your employees do 90% of the work,

layoffs, we don't want to see anyone losing their job, it is happening at amazon, meta, microsoft, this is companywide thing in big tech but elon musk is the focus because he's a political lightning rod. dave: it is not happening at tiktok, we will talk about that coming up. that's a heck of a story but i want your final thoughts on something are produces like, the most searched slang terms of the year in the us, don't know if you know what they are. karen is number one and woke is second place. what do you think? >> don't know what you did with your kids or grandkids but my wife and i decided when our baby was born when she came out of the womb we look at her and say that looks like a blank and fill in the name and thank god my wife overruled me because she wanted the name cameron and

i wanted the name karen, that would have been very unfortunate. my son when he was born i was offer brandon, let's go, brandon, she said that is lame, we could have had -- brandon and karen. dave: have a wonderful thanksgiving, great to see you. happy thanksgiving, stunning upsets at the world cup. we will take you live to qatar for a look at the action on the field. that is next. ♪ ♪

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this is sizing up to be one of the best underdog stories in world cup history. >> game over. dave: soccer shocker. the world cup procuring big surprises of saudi arabia beating argentina and iran getting crushed amid protests on and off the field. join me from qatar, alex hogan who has wonderful ringside seat for all this wildness. >> reporter: quite the remarkable day with stunning upsets, the day of the underdog with this shocking win with saudi arabia beating argentina early this morning. south american country ousted a loss of words after the team lost the soccer star whose effort to win the world cup walking off the field later

saying this was a major blow for the team and the score ended 2-1 saudi as fans cheered for neighboring saudi arabia. tunisia which is number 30 managed to keep number 10 denmark at attack, poland playing in mexico keeping the game 0-0 as well. another favorite is france which will play australia. politics is coming into play. iran's team refusing to sing the country's national anthem in a silent protest, iran's coach spoke about this political climate. >> the present circumstances of the environment of my players, not the best environment, and those issues.

they are kids. >> reporter: the us plays iran next tuesday in england this friday. you can catch this on fox sports. the us needs to grapple when after the tie against wales but it will be a difficult game friday against england given yesterday england crushed iran winning 6-2. dave: an incredible story, brave of them to protest, taking your life in your own hands. coming up it is the most watched sporting events, bedding, grady trimble is in chicago with the story. >> reporter: hope you didn't have money on argentina. we are in chicago, they have a

crowd out for the mexico poland game and this will be the most bet on world cup ever because bedding wasn't legal in most of the us, made legal by the supreme court and they hadn't put in place infrastructure for it. half of the us has bedding now so the american gaming association, suspending $2 billion, the folks are getting in on it. one of the managers here, a packed bar great for business and a bracket competition and other bedding fans can do. >> we have a competition with and space, new bedding apps that is out there, fantastic to work with and we are doing a competition and have a competition going, the bedding

fever has taken off especially when it is customer engagement like we have. >> doesn't bring new fans to the game? >> it's more an added experience, that gives them incentive to bring people back in so it certainly doesn't hurt? >> reporter: you see how packed it is. i will try to find a spot at the bar if there are any openings and i will call it research for my assignment today. dave: i will accept that. thank you very much, enjoy your self. the fbi sounding the alarm about alleged chinese police stations operating on us soil. what is that about? what the us plans to do about it? details coming up.

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dave: fbi director christopher rae highlighted the dangers of service stations set up in the us and around the world, suspected of spy stations on chinese dissidents. one of the stations is in new york city's chinatown. >> reporter: the chinese government says glass building

over my shoulder is the nonprofit listed by the us, dedicated to helping chinese nationals with bureaucratic affairs like renewing drivers licenses but according to the human rights organization, safeguard defenders this is a chinese police service station set up in new york city's chinatown allegedly used by the communist regime to spy on and threaten chinese dissidents to persuade them to go back to china. there are reportedly 54 chinese stations, in dozens of countries, 14 countries launched investigations. republicans including florida representative michael walt's road two letters to the secretary of state and attorney general demanding an investigation for the biden admin station, the fbi director said they are investigating. >> from fbi just perspective i'm concerned about this.

>> this is part of a massive operation on the part of the chairman to put their story forward, part of his program to replace the united states as a global superpower, we need to wake as a country, the administration needs to take stronger action. >> they tried to derail political campaign to represent the 10th congressional district. of famous chinese dissident, chinese residents were afraid to support him. >> reporter: this is a tragic thing, they are living the united states armed are afraid of ccp in china. this is proof the ccp's arm reached too far. >> they are not a police service station.

>> and they dangled the lorber climate deal, china is preparing for war, not saving the planet. colonel, was biden deceived by the chinese? >> i'm afraid we are governed by profoundly unserious people who prefer to cling to mirror image fallacies the chinese actually care about the environment as opposed to the thing they care about which is the chinese communist party remaining in power. dave: they knew about biden's succession over crime a change -- climate change and they dangled that in front of him

which did from what obscured the covert origins and taiwan. >> important for viewers to understand the effort by china to increase its green energy production is a smokescreen. let me give you some examples, china operate half the world's electric vehicles, those electric vehicles are powered by coal, they are coal powered electric vehicles. the other thing that is happening, china is ramping up its coal to liquids program. this is something you saw in nazi germany on the eve of world war ii and allows a nation to convert coal reserves into petroleum products and lubricants, fuel and lubricants. the problem is it makes double the carbon dioxide that burning oil makes. if you care about the environment you wouldn't be doing it the reason china is doing it is there resilient for being cut off from the strait

were 75% of oil comes through. what i'm afraid of is china is preparing for action against taiwan and that our prior assessment that we could cut off their oil into d terrorism is incorrect to. i think they are energy independent. dave: the so-called service stations which are spy centers all over the united states, your thoughts on that. >> they need to be shut down immediately because they are intimidating american citizens and green card holders and forcing them to do china's bidding and stealing intellectual property. dave: thank you for being here, we will be right back, stay with us. during walmart's black friday deals for days.

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dan was severely injured while at camp taji in iraq. it was while he was at walter reed that wounded warrior project walked into my room. they thanked dan for his service and then they assured him that i was not alone and i look back at that and i think, no one could have asked for a better advocate because not everybody got to do what we did. for example, go to a private hospital that was number two in the nation for traumatic brain injury, to transition home and be able to wait for a new home. when you have time to reflect, you realize all along the journey, all along the journey, they were there. (light music)