ashley: welcome back. we asked you which year did cyber monday start? did you think about it? well here is the answer. i thought it was 2003. i was wrong. 2005. expected to spend 11 billion by the way on cyber monday today. i want to get to this story quickly. we have an update about the stowaway cat hiding inside of luggage at jfk airport. smells the cat enjoyed thanksgiving home in brooklyn, new york. tsa posted a picture of the cat and giant glass of wine. he tried to sneak into a suitcase bound for orlando. apparently he heard there was a big mouse in disney world.

ha, ha. we buried the lead, cheryl casone in for neil. cheryl: cats like to hid everywhere. i'm cheryl casone in for neil cavuto today. stories we're watching protests against covid lockdowns raging across china. how unrest is leading to uncertainty across the globe and our stock market here at home. a rail strike hanging over the u.s. as some companies are making plans for supply chains ahead of the holidays. uncertain for america's energy supply. how the biden administration is turning to venezuela for oil, moving further away from domestic production. that is coming up on "cavuto: coast to coast".

to our top story, china erupting in protests over the corntry's zero covid policies. protesters publicly calling for chinese communist party leader xi xinping to step down. fox news correspondent gillian turner is in washington with all of the details. reporter: hi, cheryl. the white house national security council weighed in saying they support protesters. we could that similar mandates here could backfire at home, quote, we said the zero covid policy is not a policy we're pursuing here in the u.s. we think it will be very difficult for the peoples of republic of china to be able to contain the virus through their strategy. we're focused on what works, using public health tools, continuing to enhance vaccination rates, including boosters, making testing and treatment easily acceptable. the communist party right now is contending with protests erupting across the country. in shanghai, the nation's

largest city there were clashes with police this weekend. in the capital city, beijing, protests are flaring in response to the strictest of all lockdowns. this includes peaceful student protests at one of the nation's most prestigious universities. a first during president xi xinping's decade long tenure. tension boiled over thursday after a apartment fire killed 10 people in a high-rise in xinjiang province where residents have been locked down for over 100 days. lawmakers told fox news that the situation is barbaric. >> they're welding chinese people into their apartments. we had apartment buildings burned down with people locked inside. toddlers taken from their parents and put into quarantine camps. reporter: these protests by the chinese people against the government, against the chinese communist party are very rare. first time in decades, cheryl, there may be actual political consequences ahead for the communist party. cheryl: we shall see, we shall

see. they survivedded things like this before, gillian. appreciate the live report from washington from you. stocks falling even more right now as this unrest in china is weighing on markets here at home. fox business chief national correspondent connell mcshane taking a look at the global economic impact. hey, connell. >> reporter: cheryl, last point gillian made this is rare and unprecedented in the current context how we think about it economically because xi xinping has been in power for about a decade and certainly these are the most significant rounds of protests that he has faced. how he handles it will matter with all of it spreading around the country in shanghai, wuhan. it is just widespread and building anger overseer row covid because you get areas of china end up being locked down for even a slight surge in cases and that leads to an economic slowing. if you look at it in the context of this, the confirmed cases we

picked out a week in november in this particular week of november, the 24th, we were 274,000. in china, a much bigger country, just over 100,000, far fewer, even with only those number of cases even with 105,000 you will see areas locked down. that often leads to a situation where the economy is impacted. obviously to unrest in the streets. if you think about it from an economic impact point of view, jeff klinetop at charles schwab put this chart outlined me i thought it was interesting. he looked at it for the last 15 years, if you look at it the last fisted teen years, china is yellow, u.s. is the blue. china is closing the gap economically with u.s., the two coming together, everyone picking at some point china will take over being number one country in the world. not this year. china going down, the u.s. going up. this is hurting china, hurting china economically no doubt about that it is not zero sum. american companies will be

impacted as well. apple is very good example, down 2%, getting a lot of attention because of video we saw coming in last week. we're expecting six million iphone pros short in the quarter that came from a bloomberg report. we had a wedbush report coming out that is saying overall iphone 14 production could take as much of a hit as 10% this quarter. you know, we had that, those clashes at the foxconn factories last week, the workers and the police and that was in the news a lot but it certainly will have an economic and a real impact on a company. so we'll look for more of that. i would say this weekend the protests went to a new level. it was not just isolated. it was spreading across the country. some calling for xi xinping to step down. we do have reports today the quart is coming in. police are coming in starting to crack down in shanghai, some other places but it is not clear yet how xi xinping will really handle this, cheryl. the broader economic impact is

still not known yet either, leading to the ugly word of the market right now of uncertainty. we don't know yet. cheryl: i was looking at a note from goldman sachs they released last night, they think that china will scrap the zero covid policy earlier than expected because of what it is doing to the domestic economy. forget what the rest of the world thinks. they don't care about us or our opinion. >> reporter: some political risk for xi as well, it looks like he is giving in. interesting to see how he handles that. cheryl: connell mcshane, thank you very much. want to get the rid from capitalist pig hedge fund manager jonathan hoenig and constellation research ray wang. i want to pick up connell appropriately highlighted, that is the supply chain, looking at apple, looking at foxconn. that is pledge maybe not for christmas holiday now. we have supplies we need domestically going into the new year, will this be long term negative effect for some of the biggest companies in this

country? >> you're definitely right. we're hitting a couple areas especially the manufacturing and high-tech. we're talking about semiconductors. we're talking about tech companies. we're talking about chips and of course we're talking about tesla production. in tesla, nvidia, amazon, think about alphabet, tesla, nvidia, apple are most impacted in terms of the big cap tech stocks especially coming to inventory, right? lockdowns do hurt and especially it is hurting china's economy. these lockdowns have been going quite too long. the protesters do we get fully reopen in china or don't we? the problem is number one, china has not been able to get mrna vaccines out there or copy them. health care is lacking in hospitals, health care facilities that is holding them back. until they address those, it is difficult to figure out do we open up, take the protests or take it head on and just deal with it? cheryl: jonathan, this put as

wrinkle in xi xinping's plans to be the global economic number one superpower. hiss goal all along in the china first goal is to be number one in the world but their economy, jonathan, is suffering from things we know very well. growth is slowing down, unemployment is going higher. they have got these protests. i don't think so much about the protests if you're xi xinping. i don't think he cares bah what it does to the bottom line. >> youth unemployment in china is 20% now. what china is suffering from more than anything is it as authoritarian economy. we know pro history the most capitalist, free economies are always the most successful. what is interesting, cheryl, as the protests rev up in china, a lot of chinese stocks, tremendously beaten down had been rallying. the old saying holds true here. there is always a bull market somewhere. despite headlines, inflation, chinese protests et cetera i think there is places to make money but it will not be in the big tech stocks thaw alluded to,

names that led the market for so long. they're having to diversify, re-establishing supply chains. vietnam for example, is benefiting. for a u.s. investor now is the time to as they say look off the radar screen and emerging markets will benefit from what is going on in china now. cheryl: that is interesting, ray, i take that to you, ubs released a report last week and talked talked about emerging markets. the earnings 8 to 12%. by ubs i seen similar notes to other banks. many investors seem burned what we've had with the u.s. markets inflation, they're looking where do i make money in 2023? this is my retirement, my kids education. i need to start focusing on where the profit is. is it overseas? >> cheryl, i'm not redding to get into ems in the short term, we're under 5.4 interest

rates, inventory infection and inventory, those basically are not bearing well for ems given where the dollar is. the dollar will come back, but will investors invest in ems given the uncertain at this. that is the issue. china locked down helps offshore, inventories, reshoring supply chains but the real challenge is investor confidence in markets you see that with dollar to yen. people are putting money back into the u.s., dfi for us as opposed to other investments. i think the u.s. is the stronger market. in the midterm dollar will come down, inventories come back but we'll see growth as china opens, if you're thinking short term, not ems for the next 12 months. cheryl: interesting, a little dissent in the ranks, ray. jonathan, you will be back. stay right there. the biden administration giving its blessing for chevron to continue pumping venezuela's dirty oil and the kicker here,

the oil will be making it to market anytime soon. we'll explain the thinking behind this or maybe they're not thinking. we'll talk about it coming up. ♪.

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♪. >> we see him doing more to do bad deals and incentivize venezuelan oil rather than american clean energy? so he is doubling down on very bad policies that are impacting families here incredibly in every single day. in south dakota we grow a lot of the world's food, we do, we feed people. when you drive up fuel costs like they have in diesel and gas, that impacts farmers, how they take care of your families and how they get it to the processors on the grocery store shelves. cheryl: that was south dakota governor kristi noem reacting to the biden administration to let chevron resume oil pumping in venezuela. a decision raising a lot of questions and criticism. fox business's edward lawrence live at the white house with more on this.

dirty oil, we'll not see it anytime soon, edward. >> reporter: won't be anytime soon. the biden administration is turning to the dictator nicolas maduro to get more oil on to the market eventually. the treasury department issued a yep license to chevron to allow them to do business inside of venezuela this allows chevron to recoup more than $4 billion of oil money that is owed to the company by venezuela, the oil company there. now this could be six months to a year to additional 200,000-barrels a day to the oil supply in venezuela because of the oil infrastructure there which has been neglected for so long. now the administration officials stresses that sanctions on venezuela will remain in place. this is just for oil, adding this. this action will not be taken in response to energy prices. this is a limited lease as we've said in the past this is about the regime taking steps needed to support the restoration of democracy in venezuela.

critics scratching their head, listen. >> this is the same administration, that won't allow us to do drilling here in the united states, not in texas, not in oklahoma, not in alaska, not in west virginia but we can pump oil from venezuela it makes absolutely no sense. it puts america last energy policy. reporter: the crude oil supply at the lowest level since march of 1984. you can see clearly here where commercial and strategic oil supplies dipped under president joe biden this backs up what republicans are saying this administration adds regulations and restrictions to hurt the u.s. fossil fuel industry, thus forcing a transition to wind and solar when it comes to the economy not being ready for it. >> you cannot separate energy security from economic security and national security. and by the way from climate either. if we produce oil with our energy, with our environmental standards, it is less carbon footprint, creates more jobs for

the average american, better paying jobs, it increases our national security and the security of the europeans. >> reporter: we will not hear from the president today. we cannot ask him about this but tomorrow he goes to michigan to talk about jobs. we'll see if this comes up. cheryl. cheryl: i have a feeling it will. edward lawrence thank you very much, sir. the white house is also weighing a plan that would boost the nation's emergency home heating oil up supply. joining me is king operating corporation founder, ceo, jay young. jay, i want to pick up on this, the spr down to historic lows. the thinking is the white house will cut the deal where you actually, as they continue to sell off from the spr, they use that money to go over to take the cash and then build up the northeast home heating oil reserve because they know that winter is coming, one in five homes in the northeast use heating oil to stay warm. does this make any sense to you

at all? >> no, it doesn't. it goes back to the same thing we talked talked about early abt drilling. saudi arabia you know, when biden went over there to ask him about more oil, sure they just said hey, two reasons, number one why sell more oil for less money? and number two, you guys go back to the united states and drill. you have plenty of reserves there. midland, permian basin went from a million barrels a day to five million barrels a day. the majority of our oil comes from the permian. a lot of it left. we have a lot of oil here. it doesn't make any sense. there are pipelines issues we have had. federal government needs to take care of pipeline issues in the north and new york and northeast. we need to open up pipelines because that transports all the fossil fuels a lot easier that would be a lot better for the united states. we just need more oil. we need to be drilling for oil in the united states. companies are making billions and billions of dollars and this time they're not coming back and

drilling which is what they need to be doing with that money. cheryl: but is your point they're exporting on leases they privately have? we're drilling on private land, no federal land we're drilling exploration. seems to me the biden administration has no intent at all to increase domestic production? >> right. i don't know what the reason behind that is with demand. our demand is strong. right now, yes, i know with the covid situation in china and the disruption you're having over there, you're seeing prices come down right now, they're going to come back up. you're seeing 70-dollar oil. it will come back in the future because we don't have the supply necessary and when you don't have the supply necessary and demand comes back we're going to have a huge problem. we're not drilling. institutions are coming out, public companies, federal governments, the whole chain, we're just not seeing it like we normally would when you see

higher prices. normally when companies start making billions of dollars they go back to what they love doing is drilling for oil and gas but they're not doing it this time. that will have a supply problem, though in february, march of next year, next summer, we're going to see, i can see 120-dollar oil overnight. only because of our supply issues. cheryl: oil is down today for other reasons. i think that is more economic but i want to switch from crude over to diesel because i was looking at today's diesel prices. we're at 5.21 a gallon on diesel. diesel is everything. diesel is the workhorse of energy, the workhorse of the u.s. economy. it is trucks. it israel, it is ships, it is everything. and that in particular to me seems like the crisis we're avoiding not talking about right now, what can we do here or the administration do? >> exactly. to be drilling for more oil is

the answer. the pipeline, keystone pipeline out of canada, that is the type of oil we need to help us. russia had a lot of oil they were transporting to us. of course we cut that off but also the keystone pipeline would have helped us out a lot. we need to be drilling for oil in the united states. i said this over and over again because we need that supply. we need the demand. you need the supply. if you don't have it the price will go up or you simply run out. i think last monday was the day we were supposed to run out of diesel. all in all, 25 days was last monday. that didn't happen but, what happens is, when you have your demand is staying strong like it is for diesel, because diesel is, our country runs on diesel. cheryl: yeah. >> we have a lot of reasons to use diesel and that is our economy. well we need it. we're slowly coming back and we're slowly getting back to where we need to with diesel but it is still, the price is still

high. cheryl: we have to run. i think we dodged a bullet here because i was looking at distillate stockpiles last week that is diesel, heating oil, it rose 1.7 million barrels last week. we were looking for a 550,000-barrel drop. i think if anything it was luck we didn't see this. but that is one week. that is one report. and the way that we're going right now as temperatures are dropping and dropping, it is going to be a different story and people are going to be unhappy and you know, we'll see what biden will do but more interested in sending millions of dollars to southeast asia for climate change than investing here. anyway, jay, thank you very much. we appreciate it. >> absolutely. thank you. cheryl: all right. coming up we've got some headlines, to give you right now, here are the markets right now, we looked down a few moments ago. basically what it looks like here we got comments from fed president james bullard. basically he is saying that we need interest rates to go higher

and the market doesn't like that for obvious reasons. we're going to get into it, get read from former white house acting chief of staff mick mulvaney. he will be with me after a quick break. we'll be right back. detect this: living with hiv,

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cheryl: potential rail strike putting pressure on already shake did i supply chain ahead of the busy holiday shipping season. fox business's madison alworth live in the bronx. what the strike would mean for the economy t could mean a lot, madison. >> reporter: absolutely, cheryl. this is really a pressure point that we're seeing just ahead of the holiday season. if this were to happen it would be two billion dollars a day on the economy and as you mentioned right ahead of the holidays shipping a key focus. we're already seeing effects now. put this in perspective, rails, account for 30% of cargo movements in the u.s. if that came off the market you would need half a million trucks

to replace the rail. that is not possible considering the current trucker shortage. why shipping experts say companies won't wait for a strike to move orders or to cancel them all together. >> what happens on december 9th, there will be a three to four-week impact that we'll be able to look back at traffic patterns for railroads to say, this is when people moved stuff back. this is when they grad allly put it right back on the railroads. >> reporter: so one way we would see this happen, with the shift from rail to truck. so right now you would not see impact of holiday otherwise already on the shelves because they have already gone through the supply chain. if you're relying on a shipping company like ups to get your gifts to loved ones out-of-state, they could move the gifts from rail to truck proactively, creating those delays. at the same time we're seeing the white house flip-flopping how actively they have been involved in negotiations. meanwhile rep brian fitzpatrick

telling foxconn aggressional help would be a lass resort. >> congress would not let the strike happen. it would be devastating to our economy. we'll get to a resolution one way or another. >> reporter: cheryl, if negotiations do not end up being successful that strike would happen on december 9th but experts tell me we would start to see changes to orders, canceling changes to truck starting as early as december 1st. a lot needs to happen this week and next week to avoid a shutdown and that strike. cheryl: december 1st to your point is this week madison. thank you very much. potential rail strike averting potential shutdown on lawmakers minds as congress returns to session. former white house acting chief of staff mick mulvaney. good to see you. >> thanks for having me. cheryl: a lot to go through with you. democrats are coming back addressing gun laws which might be a long shot.

republicans making plans for investigations, impeachments, this at a time when the economy is facing huge headwinds. let just start with a looming rail strike. your thoughts? >> i think this is the most important issue congress will have to deal with when it comes back. keep in mind rail is an real interesting part of economy, because of its history, because of legislation own the books. congress can get involved, pass a resolution, would have to everybody signed by the president, delay or prevent a strike. you hear congressional input. not like a strike at airlines or any other part of the economy. congress can actually get involved here as they have in the past you but it is not easy to do. you have to have something get by the house and senate and signed by the president. this is biggest thing with exception of funding government. the government runs out of money december 15 this, 16.

>> 16? two lame ducks they don't like to deal with big issues. they have to do that this year. cheryl: it will not be good for the unions if congress gets involved. maybe we will get a deal and not game this out. i want to talk about 2023 particularly house priorities. with kevin mccarthy, republicans coming in, talking about a investigation of hunter biden. they want to investigate joe biden. they want to go after mayorkas. is this the right time to push investigations and these other things, these political, i guess footballs if you will when you have got the economy so fragile? where should we be putting our energy? if kevin mccarthy is coming in, they have a chance to make a real difference to tell voters, look, we you put us in charge we'll make your life better, what should he be focusing on and what they should be focusing on. >> it is not a binary choice. i have been critical oversight

both parties have done. doesn't mean you can't do a investigation in one committee and look at legislation in another. i talked to potential republican leaders, various committees, and they're looking for example doing legislation on china, legislation on big tech, legislation on crypto and so forth. those things can go forward while investigations are going on at the same time. keep in mind a financial services committee separate and apart from the oversight to the judiciary committee. it is not a binary choice between the two things. i think the investigations are probably inevitable give the political climate we're in but doesn't mean other work will not go on at the same time. it is important other work goes on at the same time. cheryl: you had dr. fauci on television yesterday he knows he will get called. he is ready to face congress. here we go. i want to get your take on these hawkish comments we've gotten in the last few moments. this is st. louis fed president james bullard. rates need to go higher to bring down inflation. this interview he has been giving and it is ongoing. basically he is being very, very

hawkish, basically makes it sound like we really need to, raise rates quick, fast, just make it very painful. what does that mean for the meeting that is coming up this month? >> that is a big meeting. the question for bullard should be this, how does that solve the supply issues? if you're looking at inflation caused in part, if not in large part by supply issues, we simply don't have enough goods and services to sell, how does raising rate rates help that? it can crush demand. it is in fact called demand destruction by the economists. that could cause recession. is that the smartest way to do it? look at ways instead to increase the supply of goods and services and let that bring down prices. the rail strike is so important but not just on the general impacts of economy but impact on supply chain could make inflation worse despite what federal reserve does. when you're in the federal reserve you have one tool, a

hammer and everything looks like a nail. what they do raising rates will not change supply in the economy that is the question bullard has to answer, the fed at next meeting how are they looking at it holistically as opposed to looking from the demand side. cheryl: his voice certainly moved markets today. we definitely ticked lower on the comments from him. mick, always good to see you. >> thank you, cheryl. cheryl: thanks. happy monday, sir. welcoming up elon musk says he may release information on twitter censorship of hunter biden in 2020. where things stand with the social media company coming up next. ♪. you ok, man? the internet is telling me a million different ways i should be trading.

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cheryl: elon musk is hinting he may release information about twitter censorship of the hunter biden laptop story during the 2020 election. hellory vaughn is on capitol hill as house republicans are calling for endses and we should add hearings. reporter: new twitter boss elon musk make makes it clear freedom of speech is a right under twitter leadership. that what led to sense soaring the hunter biden lap stop story on the platform in the critical days on the 2020 election. musk replied to a twitter user request he release all the discussions that led to censorship in the interest of transparency. muck tweeting this is nestor restore public trust. jack dorsey said they were wrong to censor the story at the time which violated company's hacked

material policy. the republicans eyeing the majority in january they will use oversight powers who at the fbi warnerred that the story was quote, russian disinformation and investigate the former intelligence officials who signed a letter saying as much. >> we should investigate. we should subpoena, everybody, for example, that signed that letter, former high level intelligence community officials signed a letter saying this was all russian disinformation. turns out it wasn't. turns out that was a lie. if people are abusing their current or former post in the intelligence community to meddle in american politics i think that is something we should investigate. reporter: republican congressman james comer who will be the chairman of the house oversight committee when the republicans gain the majority, they will not only investigate hunter biden and the laptop but also they have the staff to investigate up to 50 different investigations of 70 staff on hand. cheryl? cheryl: apparently they can walk and chew gum at the same time, hillary? >> reporter: yes.

cheryl: thank you, yeah, we'll keep you busy during the new year. hillary vaughn, thank you very much, appreciate it. let's bring back our panel. jonathan hoenig and ray wang. excuse me, ray, it has been a month since musk took over twitter. dereports of chaos, predictions of collapse, they're up and running seem to be doing it with a heck of a lot less employees. >> he definitely is. one of the goals was really get down to 80% employee reduction, clean out the waste and then rebuild. i think that is what he has done. he has shown that. this is what happened when steve jobs returned to apple. this is what is needed to be done when twitter has to be cleaned up but the results are showing. you have two million more daily active users signed up per day. they crossed the 250 million user mark in monthly daily active users. impressions are up. that is what he has done. he managed to carry a conversation. people jumped back in to use it. he has to figure out how to tell it to advertisers to get revenue

along the way. cheryl: you have to monetize those users. great if you have a couple billion of them around the world but how do you make money off of them, jonathan. what is interesting about the whole twitter story is here by opening up the platform it flies in the face what anyone on the left wanted him to do, a couple of celebrities left, oh, well. he seems to be thriving. i will say, i never bet against elon musk. i think he is a genius. >> yeah. this is an individual who is able to comprehend that an aircraft, or i should say a rocket could take off, cheryl and land itself down on a very small landing ship this is truly an innovator. he is target, left, even some on the right love to hate on elon musk because he is having too much fun. this morning he tweeted out a photo of his bedside table with pistols and diet coke. this gentleman who loves inventing. he is investing his time.

this company is not publicly owned. he is privately owned. investing his time every day to make our experience better. doing a lot of changes. one of the changes being considered extending length of your tweets from 200 odd word length. he is making innovations. he is changing the game. that is exactly what entrepreneurs do. cheryl: edit button, edit button, elon, if you're watching. stay with me. i want to get into this report, this came out this morning block 5:00 filed for bankruptcy. this is the latest crypto firm to crash this is fallout from ftx. sam bankman-fried, still in the bahamas, still in the house with whoever is in the house with him. your thoughts on another hit to crypto? the currency is down about 16,000 right now on bitcoin. thank you, guys. i say it. it ends up on television, it is amazing. go ahead. >> cheryl, given the amount of

bankruptcies and fear and wealth destruction we've seen in the bitcoin blockchain this year i'm almost surprised that bitcoin isn't down even further. as you said all the bitcoin related stocks, goes to show you how quickly winds change on wall street. these were the number one investment for years. the bloom is off the rose. just like nasdaq, the free money, hot money related meme stocks of that era, bitcoin is simply not where it is at. every indication from technical perspectives, this is an asset that can go much lower. one i'm avoiding at capitalist pig. cheryl: ray, still a lot of people want to see some type of comeuppance for this group, the the ftx crowd. the bankruptcy is a complete disaster. the man unwound enron. that took 14 years. this is the worst case of financial malfeasance he ever has seen. bring in the forensic accountants. no wonder how many years that

will take. >> there will be a lot of good. cheryl: what is the ray of sunshine here? >> there will be a lot of good. we'll figure out how to regulate. we'll figure out what minimum regulations how to fund, figure out where the capital flows are going but more importantly seeing innovations utility innovations are happening. seeing things like nf ttic getting. relic tickets is doing cool stuff there. there is things about art basal. big art show that is happening we're seeing ininnovations. i'm at amazon reinvent. talking about block chain technologies used for good. we'll see things that will happen. it won't be the hype we're talking about earlier but a lot of innovation in nft, blockchain that will emerge, now that the hype is gone and focus more practical use cases. cheryl: i would say i would never tell my mother to invest in an nft. that is just me. i have never been on the crypto bandwagon. this definitely makes me not on the crypto band wagon, jonathan, ray, thank you very much. appreciate it.

>> thanks a lot. cheryl: ray, he has to get back to his golf game. criminal convictions plummeting here in new york city. coming up we'll break undo the policies behind the drop. that is coming up next, criminals all the way. nexium 24hr prevents heartburn acid for twice as long as pepcid. get all-day and all-night heartburn acid prevention with just one pill a day. choose acid prevention. choose nexium. 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,

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cheryl: convictses in new york city are plummeting under district attorney alvin bragg with 52% of this year's felony cases downgraded to misdemeanors. fox news correspondent bryan llenas joins me now with all the latest details. bryan. reporter: hi, cheryl. well look under manhattan's d.a. alvin bragg not only are more felony cases being charged or downgraded as misdemeanors but the prosecutors under his office are not doing a very good job of prosecuting the misdemeanor cases. look at the data. it is from the d.a.'s own website. it compares this year under bragg to pre-covid 2019 under d.a. cyrus vance. 5 2% of felony cases have been downgraded to misdemeanors. only 29% of misdemeanor cases under bragg resulted in convictions that dropped from a 53% conviction rate in 2019. frankly it is all going as

planned. in a controversial day one memo, d.a. bragg ordered his prosecutors to downgrade felonies and stop seeking prison sentences in many crimes. in a statement bragg's office says this, the fact is we have prosecuted 459 more felony this is year compared to last. we have three times as many gun convictions so far this year compared to all of 2019. we will continue prosecuting violence drivers and prioritizing safety and fairness in every case. while victims rights activists are simply not buying it. >> it is absolutely abhorrent and disgusting we see these charges are not only downgraded but then the misdemeanors they're downgraded to from felonies are not even being prosecuted properly. at what point does he stop with the public defender mentality and start doing his job and being the voice of victims in manhattan? >> reporter: year-to-date total crime, cheryl, citywide is up 28%. as the morning post editorial

board says they can't say how much of that is own bragg but quote he is, he is plainly a huge part of the problem. cheryl? cheryl: gigantic part of the problem as a fellow new yorker, bryan, thank you very much. appreciate that live report from at least a sunny day in new york city today. darren porcher is its up to the mayor and governor, get a handle. governor hochul said we'll deal about crime after the election. after she won the election she went to puerto rico. >> good afternoon, cheryl, good afternoon to all the viewers. when we look at the lens of public safety in the wake of alvin bragg being manhattan district attorney it's a troubling situation. the residents of the boar row of manhattan borrow of manhattan are looking for off-ramp when it relates to violence in the communities.

alvin bragg has not delivered for those residents. it begs the question, what is the governor willing to do? in the capacity of the governor she has ability to remove alvin bragg or place a surrogate in that position to make sure we get the train on the right track and unfortunately governor hochul has not embarked upon a campaign to reduce violence because alvin bragg has failed in his capacity. cheryl: but she is not going to do that. let's just be real here. you get what you vote for, new york. this is what you voted for. you put hochul back in office. and alvin bragg won by a large majority when he was voted in. one "new york times" endorsement in new york, yeah, he is our guy. what can new york do? we should be clear here? nypd, arrests are up by the police. they're up. they're doing their job. they're exhausted. they're not getting a thank you. they have no protection from liabilities, if somebody goes

haywire. what's left? i'm saying this as somebody that lives in this city. >> i live in this city just as well as you do, cheryl, and i feel your pain. if you read the tea leaves in places like san francisco where the district attorney was removed based on a recall and george gascon in los angeles narrowly missed a recall but something similar is happening in philadelphia. it is clearly apparent that the citizens should take the appropriate steps in terms of adness having a recall in the county of manhattan, that being new york county where district attorney bragg resides. i think now is the time for us as citizens in the city of new york to advance the agenda of a recall and remove alvin bragg because as you mentioned, cheryl, he is not going to be removed by the governor. therefore it is incumbent upon us as citizens to introduce that bill, to have him removed in a recall. cheryl: hey, the house, new york

went red in a few districts, it was a big shock. wake up everybody. darren, their very much. appreciate it. great to have you here. >> thanks, cheryl. cheryl: coming up hawkish comments from the fed is dragging down markets. we're following all of the moves. that is in the next hour of "cavuto: coast to coast" e to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com waiting. sometimes it's just inevitable. but if you're over 50 or live with a chronic condition, waiting could be deadly. because conditions like heart disease or diabetes raise your risk of serious illness or death from untreated covid.

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