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>> they play country music. a beautiful shot of the christmas tree on fox plasma. welcome to the second hour of coast to coast. i'm cheryl casone he in for cavuto today. we have several stories over the next hour. president biden and the top 4 congressional leaders wrapping up a meeting at the white house in an effort to avert a rail strike and government shutdown. we will tell you what came of that and how it could impact holiday plans. and lockdown protests in china putting a strain. pressed workers to return and dig into all the latest and how it could impact the united states.

the high tension matchup in the world cup, the us set to face off against iran amid rising political tensions and calls for the release to nation to ban the american team from the competition. we have a live report ahead of the big match. a lot to get to during this hour. let's get started. top story, president biden and display worries about energy policies and how it affects your jobs. edward lawrence has more. >> reporter: they put up a sign on the north lawn that says go team usa, we are all behind you. that the message to the game that will happen in an hour. the president is on his way to a semiconductor manufacturing plant in michigan specializes in chips for electrical vehicles. in his address the president will make the case that his

economic plans created a manufacturing boom. he will highlight how the chips act is bringing jobs to michigan. president biden will be unwavering that his plans are working for americans and the midterm elections were a referendum on his policies. >> we will discuss midterm success for democrats in michigan thanks to efforts to build the economy from the bottom up, to protect democracy. >> reporter: no change in the president's economic or energy policies. he's believes the us needs to be forced to get rid fossil fuels and focus on wind and solar. because of this policy, energy prices are up 17. 6%. fuel oil to heat homes is up 68.5%, natural gas and electricity up double digits. instead of changing energy policies to address this the president is doing a deal with venezuelan dictator nicholas maduro.

>> these concessions, are all about getting closer to them because it is full of leftists in this white house who want to cut a deal with maduro. >> a red line, he will not waiver from it and pushing opec plus to produce more oil. putting more oil on the market and the deal with venezuelan. >> appreciate the live report. president biden is drawing criticism over his trip to michigan, for the semiconductor plant at the michigan gubernatorial candidate. >> we've put billions of dollars into creating a factory in michigan that will bring 150

jobs, michigan lost 80,000 jobs, we know are battery plants go, a summary plans go, we are losing it and he's coming here to dance on the grave. >> what do you think of her comment, the president going to michigan to dance on the graves of jobs that are not being created in that state. >> he has good point. when you look at everything that has happened on the other side of the aisle, especially over the last two years kind of grasping the crisis of covid, and into early 19 it was normal, 2,020 we did a few things in a bipartisan way, we have spent more money, things overboard, it is silly to go there to talk about that when you should energy independence down. even if you want a different in

the long run for climate, don't shoot yourself in the foot, china and other places are not paying attention to it this is scrambling when you make the wrong moves politically, why that doesn't make sense. >> you are staying in new york, here comes winter and edward lawrence was giving us numbers looking at how energy prices for heating oil for natural gas of reason and the energy department has given it dictation's, we will see double digit jumps for all energy products for the winter, when one in 5 use heating oil, what do you say to your constituents about president biden's misguided energy policy? >> i would say don't fall for it. they think they are good explaining stuff after the fact

when anyone who can explain what happened look at paris covid. no inflation, energy independence and we were soaring into being in such a surplus situation we would have weathered all of this and then shut the economy down on top of it, those were bad policies, they seized the moment and given us this. i wish it were more articulately explained into the midterms, we didn't do that well enough, and dancing on the graves is a good metaphor to use, and not let them get by, causing all the trouble, trying to rationalize it. cheryl: the house controls the purse strings, let's look what is happening had a christmas, president biden asking congress to step in and avert a rail strike. do you see a clear path?

are we going to have a strike before christmas? >> this has them squirming because they generally kowtow to the big union bosses, iran business for 37 years, we as republicans are more lined up with them. even with big corporations in this concentrated industry we've got to have union representation to give the worker a voice. in this case when unions push too hard especially from leadership, using the moment to get more leverage, for who knows what, it will pass pretty easily. the economy is weak enough over the last few minutes. cheryl: we appreciate your time. >> my pleasure.

cheryl: another potential threat to the supply-chain. the anti-lockdown protests in china where protesters are continuing to clash with police. this continues to be the images out of china. >> reporter: the latest reports say the chinese police are using mobile data from the apps in order to track the movements of people involved in the protest and the journal reporting the police are scanning social media accounts. we did see hundreds of citizens, thousands taking to the streets, participating in protests across the country, to the far west like cash car, they are frustrated by the covid lockdowns, at the slowest pace in decades, youth on employment hitting 20% this summer and us stock markets are down on concerns of the chinese lockdowns and they will hurt the global supply-chain a global economy.

the biggest company, apple might lose production of 6 million high end iphone 14s, wait times 5 to 6 weeks for apple phones and just breaking, where a lot of the apple iphones and devices are put together, are lifting those covid restrictions and have done so in the past our. we do here they are offering $70 payment in bonuses to bring back these workers. with us$500 for 3 months and roughly past january, the whit to the global supply-chain but lawmakers on capitol hill expect demonstrations to continue. >> the people of china are human beings, human beings don't like to be locked up and everywhere that is tried people have rebelled. >> reporter: shanghai and disneyland closed once again, reopened 4 days ago, now closing without a reopening

date set just yet and $5 billion facility just complying with china and 0 covid restrictions, china reporting 32,000 new covid cases monday. a country, the health system is under development and that is what beijing will say, we need to protect our people, the latest world bank statistics, they have fewer hospital beds per 1000 people than kazakhstan. that shows if you have a 15% infection rate that would cause a huge strain in a country with 1 billion. cheryl: the you think they would be willing, goldman sachs thinks will push xi jinping. >> reporter: they said we will open by april and i think a lot of people are telling me this will push them to reopen, no way to step down because of covid restrictions. cheryl: let's get reaction from

retired us general keith kellogg. how long to these protests keep up? depends on the will of the chinese people. second question would be how tight of a rule is xi jinping willing to bring down on his own people even if it risks his political standing. >> reporter: thanks for having me. it's not dependent on the protests themselves. depends on the will of president xi and the military's willingness to use it. we saw this happen in tiananmen square and the protests were much larger and use the military to strike it down pretty hard. when he brings in riot police, bringing in the military, he can shut this down and we have to understand that. we need to use the bully pulpit of telling the world and americans that this is autocratic regime, we should use that.

what the spokesman did is whitewashed it. we need to think about strategic campaign of the economy, they know how important that interface we have and how much we depend on it, most of the stuff we get is cheap stuff. china and gdp, it has grown before covid, 9% a year for the last four decades. when they came into the world trade organization what we did, there economy has grown and they used the growth of their economy to challenge the west, challenge the united states not only in the pacific region but globally. there's a connection between what you are seeing even though this is not an economic disruption we saw a lot in tiananmen square but is based on covid, it is the same kind of relationship xi has had with

the people which is autocratic and he can crackdown if he wants to. if you wants to bring in the military, that is what broke tiananmen square and could break this demonstration. cheryl: i want to move on to iran but i look at 1952 when there was a regime change in china coming in leadership, because of the voice of the people, different time before social media and iphones but precedent was set, our hearts break for the people of china. i want to do iran. we are talking about today, the world cup going on, qatar, iran, and the usa are playing and you have protests in iran. the uraniu team is making a statement, they won't sing for their and him. risky because the government is threatening their families with torture, your reaction? >> the second game they played they did sing the national anthem. this goes back to autocratic regimes.

you mentioned 1962, the government, china or iran, if you want to use a monetary crackdown they will but these protests are nothing like we saw in 1978-79, the uranian revolution where thousands died, not just 400. this is a classic case when autocratic regime is cracking down and the reason they sang the national anthem the second time, the lack of pushback, the uranian ridging reached out, the supreme leader told his military structure and police structure to crackdown on the demonstrations so what we need to do is use the bully pulpit, understand what is happening, force ourselves into this situation of declaring how bad this is. these autocratic regimes will keep doing that. i wouldn't which too much of this as a regime change, people who have got the guns and asked the government, china and iran will eventually control the decision-making if the government structure has the will to do it.

cheryl: i remember when the united states would have been leading with these crises happening around the world whether it was in china or iran or the middle east and we are not doing that at all right now. it is unfortunate because people are suffering. great to get your perspective on world affairs, thank you. >> thanks. cheryl: we've got a lot more coming up. we will switch from what is happening on the political side of the world cup to the actual world cup and the game. we will get a preview of what we can expect live, we are back with that. ♪

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even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... 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. cheryl: the national team takes on iran and the f ifa world cup the could break team usa tied with wales and england last week, could get crazy. alex hogan live in qatar for us.

>> reporter: the momentum and excitement is definitely building. this is here in qatar, more crowds continue to arrive, we've seen some dancers, people up on stilts, quite an exciting time and something you've not seen in a while, i have not before. there are some candles here as people come to take photos. everyone is out here rooting for their team and cheering on team usa. it will begin in an hour's time in the us really needs to win this match. ties not enough. despite the excitement, although us fans that are here in qatar rooting for the us, there's a lot of pressure on the uranian players. they didn't sing the national anthem but reportedly they are

threatened with violence if they do that again. we did talk to some of the players over the weekend from the us team about their reaction to that. take a listen. >> give your reaction to seeing players in their first match. >> we know they are going through things right now, they are human and we empathize with that human emotion so we can do that. >> reporter: a lot of that political turmoil is bleeding into the pre-match, conversations about what will likely take place. this is the first time the us has been in the world cup or twee 8 years. for a lot of americans they are so excited, people have taken off weeks of work to be here in support their team, the second youngest team at the world cup. a lot of talent as they play for professional teams overseas, something they say has helped them out this time

around. cheryl: that is for sure. camels at a sporting event. thank you very much. from tension overseas to tension in our skies the department of homeland security deploying air marshals every month to help the surge in migrant crossings. that puts the nation at risk of another 9/11 attack. the executive director, sonja, great to have you here. something i learned in the last 24 hours, they are having threats in our skies even over the last two weeks and we have less then 1% of flights with air marshals, that shocked me i have to say. >> thank you for having the end it is shocking. that's why we are bringing this forward, so the american people can know what is behind the scenes with the air marshal

program. something you will find shocking, in june 2024, alejandra mayorkas issued a national terrorism advisory in regards to attacks from isis and al qaeda. that in itself, june 15th they started sending air marshals to the border knowing there were global threats being made against our nation. cheryl: you said somebody tried to breach a cockpit on an aircraft was before these it border agents were pooled, down to the border, they have no experience dealing with migrants, not their job, not what they were trained to do but highly trained to protect us in the skies, indifferent jobs. talk to me about that, the difference and what you are hearing from these agents as well. >> we did have a level iv incident, the pilot will call air traffic control and issue a level alert, that means the

cockpit was locked down, someone tried to breach the cockpit, there were no air marshals on the flight. prior to that we had two incidents which were level iii, the pilot on those flights reached out to air traffic control and stated they were locking the cockpit down because they had life earning behaviors on board, air marshals have the highest standard for federal law enforcement, qualifications and the entire federal government, we taken highly skilled marksman down out of an aircraft 35 feet -- 35,000 feet and putting them on the border doing hospital watch and transportation. if this doesn't make sense to this is why we are bringing it forward and thank you for helping us to highlight this important issue. cheryl: you were speaking with someone else and i was fascinated by your comments, you sent a letter to the biden administration, a second letter. of they responded to you? >> they've not. we will send letters and call,

we want the american public to get involved, please help us, we are trying to keep everyone safe and need help doing that but we will keep you posted if we hear from them. cheryl: my name is cheryl but i like the name casey. i appreciate that. had to laugh. i appreciate you coming on and appreciate your time. this is a message you are trying to get out, so glad you are available. thank you. >> have a great day, go team usa. cheryl: lawmakers are back on capitol hill with a long list of bills to pass before the end of the year. president biden wants lawmakers to act on soon after the break.

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cheryl: busy day in washington as president biden urges lawmakers to work together to avert a government shutdown and possible rail strike ahead of the holidays. chad pogram has the latest details. >> reporter: possible government shutdown, rail strike an merger between grocery chain giants. president biden concluded the meeting with top congressional leaders, they discussed ways to avert a government shutdown in mid december. >> if we don't have an option we may have to have a year long cr. i don't think it is a good idea but we have to have a bipartisan agreement what the top line is.

>> reporter: the government what operate on this year's spending priorities, kevin mccarthy says the -- he wants a shorter bill. the house plans to pass a bill tomorrow to avert a nationwide rail strike. pelosi insists she has the votes but the bill could stall in the senate. >> no example i can think of about corporate greed more than what you see with the railroad industry. it is incumbent on congress and to protect these workers, the railroad treats them with respect and dignity they deserve. >> reporter: it is unclear if the bill can overcome a filibuster. the labor act from 1920s allows congress to hold railroad strikes. a protest today before a senate hearing on the merger between grocery giants kroger and albertsons.

there is worried the merger will mean less competition could impact the price of food. cheryl: a lot going on in washington today. a lot going on with fed chair jerome powell. is excited to speak tomorrow, multiple fed presidents suggest the market is here to stay. the university of maryland economist peter morici and asset management cio and fox news contributor scott martin. i will start with you and all that feds b, john williams, jim bullard, the fed needs to be more aggressive. we will see what jerome powell has to say but are you ready for 1/2 a point for december or 3 quarters of a point? >> these days we have to be ready for anything, anything the market is getting ready for. the problem, what is the right thing here? what is the fed trying to do? the fed governors or actual

chairman powell here because of late it feels like the fed is being run by sam bankman, there is no traction, no visibility on what is happening for the housing market, the consumer, interest rates in the open market. i think the key take away is the market is starting to realize the fed is closer to the end of this than the beginning so whether it is december, january, of 2023, once the fed does the pivot, that's where we get back to this more normal growth environment, normal interest rate environment or inflationary environment. cheryl: that's the biggest question, the us economy. consumers dealing with high inflation, 2 thirds of the economy is overspending, as we talk about rate hikes double

digit jumps for americans, this seems to say that 2023 is going to be a rough year. what do you project here? >> we may have a recession or a pause in the economy and growth less than one person. inflation won't get down below 4 because of the things you mentioned, interest rates have little to do with oil prices. we have climate change in addition to the war in ukraine affecting the availability of basic agricultural commodities. i doubt the fed will be able to lower interest rates next year. will find inflation to be intractable and the question is how high do they leave it? is the peak going to be 5. 5% and they leave it for a while? the chairman was saying we will take it up to a certain level

and it is going to sit there. i think the economy can function at 5. 5% interest rate if inflation was 4%. it can't if it is 2. i'm not scared of this but i think a pause in growth is necessary to bring inflation under control. cheryl: you are talking about case shiller, prices down the third straight month for september but still, up 10.4% annually. the reason i ask you that is you are seeing year on year annual growth rate, seems to me there's another leg to fall. >> that is erosion that will come because of the interest rate policy and needed to happen because of supply concerns pushing up price and the free money that was out there. a couple things for me with respect to the fed and where they are, where they were and

where they should be, you already had that slow down, we already know $50 in crude prices, these are starting to turn over, the inflation indicators are starting to wane so for my money the fed needs to take a step back before they do too much damage. we saw a recession in 2022, the first quarter in q2 and it was mild. you want to see a bigger one? the fed can keep going on this rate hikes progress. not only do we have demand getting disrupted but supply-chain concerns around the world which the fed is not going to fix but they aren't helping by raising interest rates on businesses that are trying to produce more stuff. >> we need to be cautious about submitting lower gas prices. president biden is draining the strategic petroleum reserve, he initiated that as an election year ploy, 40% is gone, he's got to stop doing, he will run

out of oil and at least not be enough left to deal with the real supply disruption, when he stopped doing that and the dust settles on what europeans are going to do about a price with regard to russian oil i suspect it won't have much meaning we will see what the price of oil is but i wouldn't assume gas prices will stay where they are. we have refinery shortages in terms of capacity and the federal government is dumping oil in the market that will stop. cheryl: i think that's a very good point. we will leave it there. peter, appreciate it. the sec got hit with a lawsuit over its market reform plan. charlie gasparino will give us the details, be right back. ♪

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♪ ♪ cheryl: virtue financial filed a freedom of information act lawsuit against the sec over its market reform plan. charlie gasparino. charles: gary gensler putting on final touches to what has been billed to me to people who have seen parts of it the biggest change in stock market structure over the last 15 years. last time they changed the stock market it was to allow the stock exchange and nasdaq to compete with private markets, people back then at the sec thought that was the best way to get prices lower.

the small investor benefited with stuff like low fee trading but there are people who say it is controversial, market makers, and funding business could go on. where is the evidence? in any event gensler think there is a problem. retail traders in public markets for auction process. he is rushing to put it out before republicans take over congress and a target for the new financial services committee, by the trading

firms, to derail, it is not a lawsuit, a lawsuit that says not coming clean with what twos influencing his proposal. doing some funny business for the sec, and his public calendar, gary gensler is notorious for not putting it out in a timely fashion. the last public calendar he put out was in july, that's what they are suing for. this is going to be the opening salvo. it's kind of interesting. what i would say is this. do we have his quote? cheryl: i don't think we do. lauren: gary gensler, i mean -- we do know how to take this step lightly assuming primary

regulator but the chair of the sec is focused on politics and regulation by innuendo than earnestly engaging. opening salvo i think there's more to come. obviously hearings on this whole thing. bloomberg tries to take credit for breaking the market structure. we were the first to say it is coming. cheryl: credit handed to charlie gasparino. a lot more coming up. the rnc launching our review calling the party's performance in the terms, we are going to look at what that means for the gop coming up. ♪ sit down in that chair right there ♪ let me show you how it is done ♪ ♪ run boys run ♪ the devil is in the house with the rising sun ♪ chicken in the bread pan picking out dough ♪

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or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... 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. cheryl: one week out next tuesday, georgia senate runoff elections and the peach state breaking early voting records. charles watson with all the latest.

>> things have been busy as you can tell from the lengthy line at this polling location. so far, 468,000 people cast their ballots in the early voting period in georgia. more than 300,000 of those ballots were cast monday alone shattering the previous record for single day early voting turnout which was set into the 18 - 2,018. that turn out we've -- 2018. the turnout we've seen so far led to considerable weight at polling sites where people are waiting from one to 2 hours to vote. folks on the ground closely watching this race, could be a good sign for incumbent democratic senator rafael warnock, in places like fulton, metro atlantic counties, currently make up 1/3 of all votes cast. what does this mean for water? we spoke to brian robinson,

former commute occasions director for former georgia republican governor nathan deal, he says herschel walker needs to tweak his messaging to the republican base to get them out to the polls. >> he needs to mix up his message on kitchen table issues he's focused on, affordability, crime, the border but has to mix in the political message. it's important to get out this week. >> reporter: we've seen walker and warnock out on the campaign trail where things have gotten spicy in the digital ads they are running where the two hit each other on everything from domestic abuse allegations to intelligence to their character, this carried over from campaign events as they try to energize their bases.

>> your heavenly father, keep it for you, told me about, don't you trust all people? >> this is not about republican and democrat, right and left, this is right and wrong. >> it is crazy. it is crazy. >> reporter: some fiery comments as we barrel towards december 6th election day. both these candidates bringing big names out, dnc -- rnc chairwoman rhonda mcdaniels stumped with herschel walker on the campaign trail and warnock will rally with former president obama later this week. he has michelle obama doing robo calls. cheryl: bringing in the big guns again. thanks for that live report. the rnc is watching the review,

for 6 months next year. phil redmond joins me now. what do you think was the problem for republicans? >> republicans are coming to their own conclusions and this review will give an official answer for some things the gop got right and also got wrong in the last midterm cycle. one thing is clear, the party does not want to refer to this as an autopsy or postmortem. they see it as normal housekeeping that occurs after every election cycle where the party brass, and they need to do better. cheryl: donald trump was a liability in the midterms. every candidate he backed lost in the general. how do you reckon that when you have a lot of people in the

republican party that still support donald trump who to be clear has already said he is going to be running for the 2,024 spot? >> it will be interesting to see if this review tries to tackle the question, or focus on more generic angles here, rather than delving into candidate quality and the endorsement of the former president. you are absolutely right that this is on top of mind for a lot of republicans currently. on election night, i had a senior gop official who reached out and said it wasn't just candidate quality that mattered. it was top of the ticket candidate quality that mattered. there argument was in states like florida and new york where you had governor candidates like ron desantis or lee zeldin at the top of the ticket, that helped a lot of these other candidates perform well. where it was just about trump

that's where there was folly. cheryl: we saw that in new york. hochul on the democratic side hurt her party, many said. there's an autopsy to be done over there. thank you, appreciate it. we have more after this.

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cheryl: a quick market check before we hand it over to charles payne. taking a look at the dow, the s&p and the nasdaq we are seeing losses, not really too terrible considering the numbers we saw yesterday. we're really well off the session lows right now. there is a lot of concern still about china today. worries about the supply chain. we're watching companies like apple. obviously as you can see the dow is down seven. it could change in the next hour. s&p down almost 10. nasdaq is down 67. obviously we'll talk a lot more about inflation and you got consumer confidence, case-shiller. charles payne, there is a lot to go through today for you. take it away. charles: cheryl, it is not as bad as yesterday but anxiety, you can feel it, you can cut it about a knife. we'll go through all of it. thanks a lot, cheryl