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you right now, president biden hosting the french president today. why emannuel macron is slamming the administration over the aggressive climate policies. we're following that meeting as the two are set to address the press. tim cook is on capitol hill today. the apple ceo looking to play nice with incoming gop leaders before they take control. how they are looking to crack down on big tech. christmas cheer costing you more this year. how much you could have to pay for a tree thanks to inflation. and the federal reserve of new york president john williams is here for an exclusive interview next hour. his read on the economy as the markets and the fomc gear up for the december meeting. that is all coming up on "cavuto: coast to coast". but first to our top story right now, markets are falling to start the month of december, dragged down by financial and

tech stocks. the dow plummeting one day after entering a new bull market. joining me now strategic wealth partners investment strategist luke lloyd and macro trends advisors founding partner mitch roschelle. great to have you both here. look i will start with you on all the data we got this morning, the data dump if you will. your take on a little bit of a slow down when it came to pce, that inflation number we got today. >> it's a start but we're not there yet. look maybe i'm missing something but i don't get why investors cheered and ran out of their way to buy stocks yesterday. the labor market is still very overheated. the only way to get inflation uncontrol for the long term economy and stock market is to destroy the labor market. stop consumers spending money on credit cards which the fed has yet to do. we basically didn't learn any new information other than the fact that powell said we will have to keep rates higher or longer which is not dovish, right?

we still have a lot of slack in the labor market we have to get there. make sure we're getting bad data points. that will make investors do well going forward when we get bad data points. bad news is good news, right? a lot of investors ought to be careful what they wish for. a dovish pivot from the fed investors bank on. a pivot means lower interest rates. the only way we would lower interest rates because the economy is in shambles. the investors shouldn't want a pivot. they should want stable, long-term growth. the fed has no idea where the stable fed funds rate is. why they're not confident where that happens and i'm not confident they land on the first spot. cheryl: i hear you're not confident in the federal reserve. mitch, something he honed in on the personal savings rate, the month of october it was 2.3% it was 2.4%. we've seen that data point fall over the last few months. i bring that up, americans,

consumers are saving less, putting more on credit cards. look at retailers al revenues said revenue, great picture, prices are higher for everybody at home than that is not good news. >> right and the retailers, it is not volume, number of things sold, it is the price of things have gone up. so that is alarming. i'm with you and luke on the credit card usage. we're looking at sort of the greatest runup of personal debt since perhaps the financial crisis and remember, they're doing it at higher interest rates. january is going to be big sticker shock when people start opening up the credit card bills, realizing what has really happened. when you compare consumer behavior year-over-year, last year the savings rate was considerably haier and people were still getting some form of transfer payment from the government. if they were not getting it they still had it in the bank. so i'm very worried about the way the consumer is driving our economy when all of it is

borrowed. exactly the same way the federal government operates. we drive the economy by borrowing money. cheryl: i'm glad you brought up the transfer payment issue, mitch. give that to you, this morning we learned from the government report, stimulus money coming from states in particular, not federal stimulus, state stimulus, that actually added to the jump we saw in incomes. so people, their incomes were jumping for the month of october october .7% versus expectation of .4, .5, because of government money. more reason to stay home, not work. >> you're exactly right but you know, wages went up but not, as much as inflation data, right? inflation still rising. we're still at 7% or so inflation. that is not combating, the wages are not combating inflation which is a concern for the long-term economy especially as mitch referred to as credit card debt continues to rise. even though wages are going up, americans are saving zero money,

living paycheck to paycheck. including those making six figures. people making six figures are living paycheck to paycheck. if consumers keep spending on the credit cards the fed has to combat the spending which makes their job harder, the fed's job harder. sadly what cures spending is up tick in unemployment. i hope consumers are overleveraged seeing an uptick on unemployment. if consumers are too leveraged as unemployment rises, defaults go higher as well. pmi came out below 50. first time pmi since covid, pmi came out low. that is the economy slowing down what the fed sees it has to happen. how late the fed was, irresponsible spending in washington, stimulus checks, we can't get out of this mess without zero pain. cheryl: we got to jump, mitch, final word? >> one thing talking about the market in the revision of the

gdp number was the fact corporate profits are shrinking and corporate profits are a piece of the gdp number and they shrunk first time month-over-month, quarter over quarter first time since 2020. cheryl: the second quarter revision we got, that is a good point. general meant, thanks for seeing you in a little bit coming up in the next hour of "cavuto: coast to coast." here is the quote of the day. i screwed you, disgraced founder fallen crypto exchange ftx sam bankman-fried finally speaking out but is he taking any of the blame for the epic collapse? fox business's kelly o'grady has more on his comments. hey, kelly. >> reporter: hey, cheryl. he is definitely not saying he is criminally liable but cheryl, he just won't stop talking. yesterday the headline of that "new york times" interview was, like you said, hey, i screwed up but the real fault lies with the trading firm alameda. his media tour is continuing with a interview this morning on

"good morning america." a big focus whether he knew alameda was paying creditors with ftx customer funds. what doesn't bode well, the disgraced founder is contradicting himself. i want to play you two clips just before this bite, sam bankman-fried claims he didn't know there was commingling of fund. >> you did know that ftx deposits were being funneled to alameda? >> so i was vaguely aware that, that was how some wires were being sent in the first place. >> reporter: he was vaguely aware. then a bit later sbf says, wait, know, i have actually didn't know. >> did you know that these funds were being funneled to alameda, what is your answer? >> i did not know that there was any improper use of customer funds. >> reporter: that pause is deafening. the explanation he gives is incredibly murky.

former ftx ceo talking in circles, trying to explain why customer funds were actually loaned out but the platform's terms of service says you can't. all this is taking center stage at a hearing today. senate agriculture committee seeking to get to the got of why ftx collapsed, pushed more regulation in the industry. according to sbf, this happened not because of fraud but lack of oversight. i want to end with this quote, he said in the interview i think there is something maybe even deeper wrong there which i wasn't even trying, like i wasn't spending anytime or effort trying to manage risk on ftx i think i got a little cocky. can you imagine, cheryl, being a customer that lost thousands and that's what you hear is the answer? cheryl: millions, kelly, millions of dollars being lost especially with the overseas customers which he also said doesn't think that the international customers are ever going to see anything. then he also said, this is my favorite, kelly, well u.s. customers, they should be able to withdraw their money.

okay. right. kelly o'grady, great report. you've been doing a grade job on this story, thank you. all right. here's the question, right? is sam bankman-fried actually trying to build a defense by doing these interviews? let's get the read from former federal prosecutor katie cherkasky. she is on set. howard fisher, former sec lawyer. what sbf is doing is a form of litigation suicide. then he goes on to say everything that he says right now is going to be played up against actual evidence when this all ends up in the courts and it is going to be very bad for him. >> absolutely. you will not find any criminal defense attorney who will tell a client to make pretrial statements especially when they know an indictment is probably very imminent at this point. cheryl: right. >> i think that he is trying to play this role of some sort of hapless idiot, that it is just bad management, not fraud which obviously requires some sort of intent to be proven. do i think that is very

credible? absolutely not. do i think the doj is going to come after him very, very soon? absolutely. cheryl: we know they're investigating him but let me ask you about this extradition issue because the company in the bahamas, he is in the bahamas, he is doing interviews via zoom, george stephanopoulos obviously flew down to the bahamas to do the interview. how trick which kill this be? i think a lot of people are ready to see him on u.s. soil. >> there is extradition treaty with the bahamas. i think doj would be concerned he would be a flight risk. i'm sure surprised that there hasn't been a imminent arrest but there has to be indictment squared away before they proceed with that. in terms of being in the bahamas they woken have much issues returning him to the states but at this point he could go elsewhere n this sort of case that is exactly the kind of person that is a flight risk, when they're facing potentially life behind bars. cheryl: the gentleman,

mr. wright, in charge of ftx, the same gentleman that unwound enron, took him 14 years to unwind enron and get money back to people. he said this is the messiest thing he has ever seen never seen a lack of controls in his lifetime. when you look at all the people around the world lost money, all the americans that put money into ftx, that is what happened, the likelihood they will ever see something out of this kid, he says he has got about maybe $100,000 left. >> i think that is the sad reality that the criminal process cannot generally provide restitution to all these people. there are other consequences. maybe he will behind bars but in terms of the practical reality of returning people this money i don't know that is ever going to happen fully not at least through the processes we have at the moment. certainly it's a big disaster. i don't think he is doing himself any favor with this media tour that he is doing. perhaps he thinks it is some sort of trick he is playing on the doj, but that will not get

him far in that realm. cheryl: in your legal opinion what is the mistake he mid with the deal book appearance yesterday and the "good morning america" appearance today. >> the problem with making statements before seeing evidence you don't know the biggest mistake. the reason attorneys tell clients to make statements, you want to coordinate statements what the evidence actually shows. if you have to keep revising statements or contradicting yourself, but we have this email, let me explain that now. anything you say cannot be used against you without statements that. anything and everything potentially could be disasterous depending what emails show, what the interviews show, what evidence is educed here. it is all potentially going to sink him. cheryl: what we don't know, howard fisher said i don't know if this is sign of unrepentance arrogance, youthful overconfidence or shared

stupidity. i think might be all of it. >> it might be calculating. cheryl: katie, a lot of legal angles for this. thank you for being here. >> certainly, all right, coming up president biden welcome being french president emmanuel macron at the white house, but a spat over energy policy could have macron saying aurevoir to the united states. that is coming up next. ♪.

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cheryl: president biden has seen french president emmanuel macron at the white house for the first state visit of his presidency. biden is trying to repair his relationship with macron which got off to a rocky start last year. fox news white house correspondent jacqui heinrich joins us live from the white house. hi, jacqui. >> reporter: cheryl, the two leaders are meeting and they have a big agenda to tackle. really at the top is russia's war in ukraine and the importance of continued partnership to support ukraine. both leaders touched on that topic during their opening remarks. then president biden lauded the partnership with france at a

spray of the bilateral meeting reporters got a brief look at. president biden: this is really important we stay in close communication. doesn't mean every single solitary thing we agree on but it does mean we agree been on everything. emanuel is not just a leader of france but one of the leaders in europe. he has been very outspoken and has been very, very commanding in europe. >> reporter: especially with republicans taking over the house and kevin mccarthy warning ukraine funding won't be a blank check, ukraine is at the top of the list, but the meeting follows a rocky start to the first state dinner. macron u.s. industrial subsidies are super aggressive against french competitors and will kill a lot of jobs in europe. macron he wanted to be respected as a good friend according to a reporter who was in the room, perhaps a veiled reference when he recalled the country's ambassadors protesting biden's decision to provide nuclear

powered submarines to australia which cost france a6 billion-dollar deal and frayed relations with the two countries which were strained after biden's decision to withdraw afghanistan. they buried whatever tensions remained but the macron accused the u.s. gas price gouging with lng sales. that the u.s. is exploiting europe's energy crisis for american economic domination and a weakening of europe. now the french are complaining that the inflation reduction act investment in american manufacturing for environmentally friendly industries is also unfair. >> this is not a zero-sum game for us so we see a constructive path of engagement with the eu on this, we continue to discuss this issue at all levels of the u.s. government. again you know, i'm not, just not going to get ahead of what will be on the agenda in their conversation.

>> reporter: tonight's state dinner will have some 300 before thes in attendance on the south lawn. hopefully it is heated. it is pretty cold out this morning watching those arrivals. a lot of pomp and circumstance. every appearance that everything in this relationship is just fine, cheryl. cheryl: i heard dana perino make a joke earlier, jacqui, that the white house chef will be under a lot of pressure because he is cooking for a bunch of french people. >> reporter: yes. doesn't get tougher than that. cheryl: exactly. jacqui, thank you so much. stay warm out there. jacqui heinrich. well this visit comes as macron reportedly slams the biden administration's green agenda. as he just mentioned he called it super aggressive, not in line with friendship. joining me former commissioner of the federal regulatory energy commission of the united states. neil, great to have you here, give me perspective on comments from macron, super aggressive. >> look, i have my fair share of

the biden administration's clean energy policies but they're very different from the criticisms that macron has. he only complains about subsidies when they're not from the subsidy region of france. otherwise it is just sparkling protectionism. it seems kind of hollow to me would be angered that the u.s. government was pursuing policies to create jobs at home and not in france. cheryl: you know it is interesting too because i can't totally disagree with president biden because he wants you know, america first here, basically. he is saying u.s. companies, we want to buy green products, green technologies, et cetera from american companies. i'm not sure i understand what's wrong with that and why emannuel macron picked that as a bone of contention ahead of a long day of them spending time together? and frankly let's be honest here they need us more than we need

them. >> look the u.s. taxpayer just committed $369 billion to incentivize the green energy transition. we need to make sure that that investment goes to jobs here at home, to producing that energy here at home. i don't think u.s. taxpayers are interested in subsidizing jobs in france. i also find it a little bit hypocritical that they're complaining when we pursue policies to create american jobs. i'm old enough to remember when they rejected a massive lng export deal with an american exporter because of perceived environmental concerns. it is a two-way street. they can't pursue protectionist policies on their end and then be critical of the u.s. when we try to focus on our own domestic economy. cheryl: what do you make of that rub about the lng sales to the, to the europeans and the fact, basically saying you're price

gouging. that is a pretty serious accusation for macron to make? >> i mean, again, they canceled a teal a couple of years ago. if he wants to call u.s. policy supering a aggressive where we need to be super aggressive is increasing u.s. lng exports, in giving our allies an alternative to russian gas. france has repeatedly shunned u.s. gas in favor of algerian gas, other sources. they should be encouraging the u.s. to increase production and increase exports to not only help the american economy and the european economy but also to lower global carbon emissions because we do it a lot cleaner than algeria and russia and they should want american gas and not be complaining about the price. cheryl: yeah. i agree with you on that one for sure. neil, thank you very much for your time. >> thank you so much for having me. cheryl: we've got a lot more

coming up. a big tech powwow, what elon musk is saying after his meeting with tim cook. we'll have details coming up. ♪.

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uh, how long are you... i'm done. i'm okay. cheryl: elon musk says that twitter and apple are friends again after he met with ceo tim cook to clear some things up. fox business chief national correspondent connell mcshane showing me, what resulted, a nice twitter on twitter from elon musk out of this. >> reporter: you've been following this we've been doing all week, he tweets elon musk, he you are not sure, is he serious, is this sort of a joke? hey, thanks, tim cook taking me

around the apple beautiful hq. there was a short video attached on the right side of the screen. it wasn't immediately clear at least to me, maybe he had a meeting or a joke referencing a past meeting. there was this responding to himself he said, good conversation. among other things we resolved the misunderstanding about twitter potentially being removed from the app store. tim was clear that apple never considered doing so. so apparently indeed mr. musk was there in cupertino meeting with mr. cook. what is now being presented by musk at least, is something of a de-escalation given that this is the same week musk really went after cook and apple in a big way, saying apple threatened to pull twitter from the app store and had mostly stopped advertising on twitter. there was no comment but musk was not done after the stop at apple's headquarters. he took part in a show-and-tell announcement for his health tech start up, neurolink.

his brain implant technology should begin human trials in six months. this event even featured a monkey. there is the monkey. who has the brain implant. he was there doing something they call telepathic typing. now musk said the monkey was not actually using the keyboard. he was using his mind, the monkey's mind to move the curse sore. that musk pointed out the monkey cannot spell. but all in a day's work for elon musk these days. he is back on twitter, quite active. saying that the company is now purging a lot of spam accounts they have. he is telling us all, cheryl, maybe be aware that our follower count plight go down a little bit because they're getting rid of the spam accounts. cheryl: i will brace myself for the losses that are impending. >> reporter: could be ego hit. such is life. cheryl: connell, thank you very much, appreciate it. well, it was a mistake a former twitter executive admitting that the social media giant made the

wrong call sense sorrying the hunter biden laptop story -- censoring. griff jenkins live in washington with more on this. hey, griff. >> reporter: cheryl, check it out, the "new york post" took notice of it two years later. who this guy is twitter former safety chief, his name is yoel roth. he admitted they shouldn't have shut the post story down saying this in an interview yesterday. we didn't know what to believe. we didn't know what was true. there was smoke, ultimately for me it didn't reach a place where i was comfortable removing this content from twitter but it set off every single one of my finally tuned ap 28 hacking link campaign alarm bells. that last part, cheryl, a reference to a russian hacking group. when the moderator askedded roth was it a mistake? he said, quote, in my opinion yes. i as for what is coming next, twitter's new chief elon musk he is talking about, he will soon expose details how and why the

story got obstructed tweeting this. the obviously reality as long-time users know is that twitter has failed in trust and safety for a very long time and has interfered in elections. twitter 2.0 will be far more effective, trans parent and even-handed. now republicans are vowing to investigate when they take control in the new year. incoming house oversight committee chairman james comer had this to say. >> it is very encouraging that people are coming forward now. i think this is one of the results of the republican victories in the midterm elections. i think you will start seeing executives with not just twitter but also facebook come forward and admit they were influenced by people from the democrat national committee, people from the fbi, even people from the biden administration. >> reporter: it is unclear who comer might subpoena in coming hearings but it is quite clear we have not herd the last of this story, cheryl. cheryl: sure we have not. griff jenkins live in

washington. thank you, sir. the fate of the rail deal now sits in the senate. democrats are promising a swift passage but do they have enough votes to avoid a strike? we'll break that down coming up next. ♪. ♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity.

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pete buttigieg will i am more members to intervene. time is slipping off the clock. >> senators are working morning, noon, and night to reach an agreement and act on this measure asap. the senate cannot leave until we get the job done. time is of the essence, we need to resolve this impasse well in advance of that date. the consequences of inaction would be severe. >> reporter: the left is holding out for a vote on seven days of paid sick leave. the house adopted that provision but it is unclear if the plan can survive in the senate and overcome a filibuster. everything needs 60 yeas. >> there have been a few republicans who stepped up and said they would value adding a paid leave to the vote today. it is unclear to me exactly how this shakes out. unfortunately with the senate counting to 60 is always a challenging at the end of the day. >> reporter: there is chatter about the senate intervening in

another way. >> the one thing i will say and this is something that's a lot of our members are discussing, is the possibility that one option here would be to extend the cooling-off period for 30 days or 60 days, whatever that term would be to force the parties back to the table to get a deal that everybody could sign oaf on so that congress is not forced to be put in a position. >> reporter: thune believes some sort of an agreement could come together later today. any changes to the bill means the senate must bounce it back to the house. the strike deadline is late next week but rail companies could cease transporting some goods this weekend. cheryl? cheryl: chad, you know, we've been looking at comments obviously whether from marco rubio, whether it's ted cruz, they're saying so far they're going to oppose this contract agreement. with the senators in particular is it the issue of the seven days of paid sick leave? we've heard some critics of this deal say, look, the unions are

getting a 24% pay raise, they're getting 5% bonuses. it's a small group that has rejected rejected this deal that president biden brokered back in september. how serious do you think, how much of a threat is it to have these republican senators make comments like this, that jeopardizes a deal? >> reporter: we'll know more about that later today. i'm told in the republican conference there are three many camps. one group wants to take the house bill, intervene to stop a strike. the second group is interested in the seven days of paid leave. i'm told mostly southern senators. there is the other group, dan sullivan, republican of alaska, this is what john thune was talking about, maybe, okay pass something, have another cooling-off period, 30 to 60 days, come back to see if they get a deal say february are or over the winter. cheryl: that is interesting. by the way really quick. the thinking with nancy pelosi yesterday, passing that second bill, with the spill for those seven paid sick days, wasn't

that just too basically appease her far left progressive group, the "squad" i'm thinking of? >> reporter: it basically served two purposes. number one, it wasn't something that was binding t was something very technical here on capitol hill an enrollment correction. i won't get into the parliamentary weeds on that but basically to show they had the support to implement the seven days of paid medical leave. get those members on board. get them to vote for the first bill. then send that to the senate, say, if you can get this attached, if you can get 60 votes for that maybe we can do some universal package here. that is what that was all about. cheryl: interesting, chad. the weeds matter because the clock is ticking as you mentioned in your report. chad pergram, thank you for your live report, sir. >> reporter: thank you. cheryl: all i want for christmas is lower inflation. okay, there is some boots i want too, but anyway how much it will cost you to get a christmas tree this year, believe it or not,

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cheryl: mortgages rates continue to decrease this week as optimism grows over slowed down fed rate hikes. let's get the read from macro trends advisors founding partner mitch roschelle. mitch, we saw a little bit of a tick down from the mortgage bankers association on wednesday i got to thinking maybe this is a flattening of the 30-year. what would you say? >> i'm, listen, it is all, cheryl, dependent upon what is going on with the interest rate market in general. we've seen it come down for three weeks but moreover we've seen demand for mortgages dropping. i think there is nobody out there refinancing, so that demand is washed out. so it is really only for purchasers and clearly the purchase market has slowed. cheryl: if the fed in the december meting does what is expected, half a point hike, 50 basis point, how much of an effect would that have on mortgage rates and how quickly would that happen? >> i think it is going to be slow. the problem is what the fed does is on the short end of the

treasury curve and mortgages are generally priced somewhere in the five to seven year length or duration on the treasury curve, not to get overly wonky. so we're seeing that you know, there is a lot of inversion in the treasury curve because of concerns of a recession. so i think it is certainly really more about whether or not we're heading for recession and long-term rates are flat with short-term rates. so i don't think the fed's move per se is going to really move the needle that much on mortgage rates. cheryl: what will be interesting in the spring of 2023 which is the typical home buying season, would be to see if these, even with the higher rates, if prices actually do fall. i saw one report this week, that is predicting about a 20% drop in home prices. bearish report to be clear. i know you're shaking your head. it is local, i'm no the same world you are when it comes to homes. i thought that was an interesting take. it is not just the mortgage rate

situation but also the economy. it is also job losses. also, are we going into another recession. all those things could factor into another leg down for prices, which if you're a buyer would be a good thing. >> i tell you literally closed on my in-laws house yesterday. i helped them sell it and the power shift from it being a seller's market to a buyer's market was evident with the shenanigans the buyer was pulling at the 11th hour. we're feeling it. what we need to focus on cheryl, you're close to this, too, i think we're seeing asking prices dropping. i think sellers are getting way more realistic about what they want. cheryl: that wars the complaint i kept hearing from many in the industry over the last couple months that sellers were not being realistic and hanging on. it is like, if i hold on to my bitcoin i know it will go back to 50,000. it probably won't. mitch, thank you very much,

we'll see you in just a little bit. all right, do you want to see the new season of "stranger things" before anybody else gets it? netflix might be able to help you. fox business's gerri willis has that and other headlines this morning and i love that show. >> reporter: i do too, yes, yes. you want to see things early. if that is your dream you may be in luck. shares of streamer netflix higher today the company said it will allow a small group of u.s. subscribers to preview films. the streams service allows 2,000 plus subscribers to see content early. they plan to expand the number to tens of thousands. why? when netflix previewed quote don't look up." viewers said the film was far too serious. creators dialed up the comedy. the film was nominated for four academy awards. it wrote netflix weekly hours of a film. the film is expected to boost

the company's profitability. mean while delta trying to combat overcrowding in the airport lounges by restrictioning access. shares are lower. has historically been generous to access to sky clubs via credit cards. starting next year you can no longer purchase a sky club membership unless you are a medallion elite member. next year sky club memberships will cost between 695 bucks or 6500 miles. those with existing memberships can continue to renew whether or not they are delta elite members through the end of 2022. cheryl: they're all crunching down. >> reporter: yes, they are, over the holidays. let me tell you, thanksgiving and before we found those lounges everywhere, they're just full of people. cheryl: packed. and now, the business travelers, like the one k numbers, united person they're complaining saying enough. so, i think from what i understand all the airlines are

reevaluating. >> reporter: delta was the nicest apparently. no longer. cheryl: thank you, gerri, appreciate it. well, the impact of inflation, hitting the holidays. christmas tree prices could increase anywhere from five to 20% this year. american christmas tree association executive director jamie warner joins us now. jamie, talk to me about this, what is the biggest pressure right now on the tree industry? >> well, first of all, thank you for having me. and secondly, there will be a christmas tree out there for everyone. the supply chain issues are not, not a factor this year but, there might not be as many choices for real or artificial trees as there were in seasons past. inflation has hit everything as we know.

every, every part of our lives but, there are trees out there at every price point, every size, every shape, every color. there is a christmas tree out there for everyone. yes, in some cases prices will be a will be bit higher. not so much for artificial trees but real tree industry is hit by higher fertilizer costs, higher fuel costs, of course higher labor costs. cheryl: on the real tree side i can understand it, particularly with the fertilizer component, labor, water, energy costs, all of that, transportation of trees, once they're cut but what is going on with artificial trees? because you happen to be talking to somebody who loves her artificial tree and doesn't do the real thing, what would you say to people like myself that maybe need a new artificial tree? >> there is, there are so many great deals out there online, in the retail shops. there is the really high-end

artificial trees like ball sam hill tree. there is great trees to be had, to be found at the big box stores, target, costco, et cetera. there is, as i said there is a christmas tree out there for everyone who wants a tree. just take a look at the space that you have to put up your tree. take a look at your life-style. artificial trees are very easy to take care of, easy to put up and take down. they also can be used year after year. but a real tree is a tradition in many peoples homes. who doesn't love you know a real christmas tree? cheryl: i guess i don't but let me ask you really quick, i like the ease of the artificial but are those coming from china, the artificial trees? >> most of them but there is now manufacturing in other parts of southeast asia and mexico as well. cheryl: okay.

just want, supply chain issues we've had with a lot of things coming in from particularly china with covid lockdowns. anyway, the christmas spirit is alive and well. thank you for being here. >> my pleasure, merry christmas. cheryl: merry christmas. all right. well, the biden administration slammed for its response to ongoing protests in china. texas congressman dan crenshaw is going to join me in the next hour. why he is calling it quote, pure could you ard -- cowardice. ♪ as an independent financial advisor, i stand by these promises: i promise to be a careful steward

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♪ cheer up sleep e.g. sleepy jean ♪ oh what can it mean ♪ to a daydream believer ♪ and a homecoming queen ♪ cheryl: welcome back to cavuto coast-to-coast and we have a lot to get to. let's look at the markets. the dow trading down 227

points, nasdaq down almost four. we are waiting the jobs report tomorrow which could impact the fed decision on rates. we have edward lawrence sitting down with new york fed president john williams for an exclusive interview on that very topic. this could move markets, you want to stay with us, 30 minutes from now. apple ceo tim cook meeting with lawmakers today on smoothing things over. to take over the house come january. the white house claiming president biden has been to the border despite there being no record of any visit. we will talk to texas congressman dan crenshaw on what he makes of the crisis at the southern border and the doublespeak from the white house. we have a lot to get to this our. let's get started. first, our top story, the meeting between apple ceo tim cook and gop lawmakers