♪. david: good morning, everyone, 10:00 even. very christmas around here.

i'm in pour stuart varney. let's get straight to your money. one reason it is happening is the 10-year treasury yield is up a little bit. usually of course nasdaq has hit harder than the other indexes when the rates rise as they are. oil, if we take a look at that, it is coming down, up about a buck 1/2 up to $75.50 for a barrel of oil. bitcoin, well it's down, it is trading within that 16 to 17,000 level. it is now at 16726 per coin. we just got the latest read on homebuilder sentiment, number, lauren. lauren: surprisingly fell, down two points to 31 in the month of december. so we have seen homebuilder sentiment fall unprecedented seven months in a row. david: never happened. lauren: never happened. the lowest point since 2012.

you know the reason, rates up and up. cost of materials are high. homebuilders are not confident. david: ouch that does hurt. now watch this. >> we are definitely pursuing the department of justice and a also the fbi, luckily the january 6th committee established some great legal precedent shows congress has full access. they will have he much difficult time trying to prevent us getting those documents. i think it will show a very troubling pattern. we'll look for who is the mastermind. this is not intelligence. not malign actors to. that the actors turn out to be the fbi themselves. who is coordinating this? how do we prohibit this in the future? >> miranda devine joins us now. after all this information we have find out who is behind this or which group of people is

behind this in the fbi. >> hi, david. that is really crucial thing to do, to clean out the fbi. to do that they need to find out who is at fault there. look at the washington field office who seems to be particularly politicized. it is interesting, congressman turner mentioned that the january 6th committee set a lot of legal precedents because they have absolutely gone beyond the norms of propriety and they have broken a lot of those norms. you can bet the republicans are going to take them up on the offer. i just hope that this time, unlike the previous time that the republicans were in control that they actually provide some accountability to people who lie to congress. last time we saw james clapper and john brennan lying with

impunity. nothing ever happened to them. we had those 51 former intelligence officials, they lied in the letter saying the hunter biden laptop was russian disinformation. david: yes. >> adam schiff lied nonstop, that has not all dented his career as the most powerful man in congress pretty much. david: i want to talk about jim baker. he was the former chief counsel at the fbi. he made a switch, turnstile switch to working at the deputy counsel at twitter. a lot of people thought this was an exception. turns out a lot of fbi agents made that turn, right? >> that's right. there are more than a dozen fbi, former fbi operatives who then ended up moving to twitter straight after the 2016 election which is interesting. i don't know whether they thought they would be too much heat at the fbi during the trump administration and they were parking themselves at twitter,

whether it was a concerted effort to control speech after the 2016 election because remember, the democrats were freaking out and blaming social media companies, blaming google, for the fact that donald trump won. obviously they hadn't got the memo the fix had to be in for hillary clinton. they were determined to prevent that. we know that there is a google meeting that was filmed, that was publicized straight after the 2016 election. so it's a very curious fact. sprinkled these fbi former people, facebook, google. david: yes. >> you have to look at linked in to see how many former fbi and cia operatives fanned out to work at all levels, particularly as senior executives in the moderation field at twitter. david: yeah. the cia individuals personnel are all over facebook as well.

miranda, great reporting as always. thank you very much. well senator joe manchin is dodging questions about whether or not he is leaving the democrat party. come in, lauren. what exactly is he saying. lauren: he threatened to leave before. he says he is not ruling out leaving the democratic party, he did tell cbs, i'm not making a decision in the near future new consider yourself strictly an independent. do you see advantage in this environment becoming unaffiliated, to becoming a independent? >> see how basically these two pieces of legislation really historic is bipartisan infrastructure bill and inflation reduction act. we'll see how that plays out. if people are trying to stop something from doing so much good because of the politics thinking somebody else will get credit for it. i will let you know later what i decide to do. right now i have no intentions. lauren: that is dodge. he is mad because the senate failed to pass his permitting

reform as national defense act. i call that the iou for giving the democrats support for inflation reduction act. david: he was double-crossed. lauren: he was double-crossed. david: a lot of people say he should have known better. lauren: "build back better," it was too expensive, too expensive, that was october 2021. i will leave the party because of this, he always added the fact that he would caucus with the democrats. does it matter? david: no. check back with the market es. they were trading positive on the dow. they're all negative. not so much you get to the bottom of the line you see nasdaq down over a percentage point. ryan payne joins me right now. ryan, despite the red on the screen, you are, i'm quoting you, wildly bullish on markets, why? >> first off you have to take advantage of certainty. when you get the all-clear sign everything is okay, the opportunity is missed, right? we saw that in the last three months. you had the dow go up 20% in a

two month period at the october lows. we sewed off last week or two. the bottom line markets move up and move quickly, david we're seeing the most prove sized recession prediction ever. everyone and their mother says we're going into rhee session. markets are forward-looking a lot of that is factored in what we'll see next year, slowing earnings, slowing growth, yada, yada. david: how long before the fed stops raising rates? >> my crystal ball broke but they have to pivot before anyone anticipates. energy prices, talking about real estate market falling off a cliff. if you look at 10-year treasury, trading 3 1/2%. even as the fed is raising rates, treasury rates are coming down because treasury rates are forward-looking. what they're telling us inflation is actually cooling off. >> so what is your indicator for when the fed thinks we've hit a

brick wall of a recession, we have to start lower being rates, rather than raising them? unemployment figures or what? >> i don't think unemployment will go down enough. fed will have to move past that. david: surplus of jobs out there still. >> yes. i think cpi numbers next year will come down so much, they always say the fed is quote, data dependent, i hate to use that line, it is overused, but at some point they have to face the fact inflation is a lot lower and they can't raise interest rates. david: ryan. thank you. >> my pleasure. david: lauren, moderna. lauren: jefferies upgraded shares to a buy. the price target they bo from 170 to $275, calling moderna the new shiny thing in personalized cancer vaccines. david: disney? lauren: long-awaited "avatar"

sequel. $130 million in domestic tickets. david: that's good. lauren: wall street wanted a bit more. it is still early. stock is down 3%. david: old tech, at&t. lauren: downgraded to underperform at moffitt nathan send. the balance sheet of at&t is still under pressure from their quote, ill-fated diversification into media of course with the warner media selling that. david: that didn't work out. lauren: stock is flat on the year which i thought was pretty amazing considering markets are down. david: next, lauren, hiring freezes and layoffs on the rise, right? >> unbelievable, right? more people want to quit their current jobs. we hear about the hiring freezes and layoffs. 40% saying they will look for new job, up five points from the survey six months ago. this noise we're hearing about the job market tightening, loosening is not affecting these workers. they're motivated by money. the survey found 61% of

job-seekers want a higher salary over flexibility, work from home, over the perks. they're actually willing to return to a old job if it pays more. going back to a company you agreed to leave pause they will now pay you for all the expertise you've gotten since. david: i just wonder how long this surplus of jobs is going to last? it may dry up really quick, don't you think, ryan? >> i don't think 2.2 million baby boomers retiring every year. david: that's true. >> we don't have the labor force to replace them. unfortunately employees have a say here. wages continue to stay strong. that is good. that is not recessionary, david. lauren: but it is inflation terri. >> fair point, fair point. david: good to see you both. at least a dozen airline passengers severely hurt after a severe turbulence on a flight to hawaii. wow. passengers describing it like a roller-coaster ride. we have that story coming up. the city of el paso just declared a state of emergency,

hundreds of migrants camping out on the streets in freezing temperatures. it was 30 degrees this morning in el paso. the mayor says his worder town can't handle the migrant surge alone. we're on that story. vladmir putin is making a rare trip to meet with the president of belarus, amid growing concerns the country could be pulled into russia's invasion. kt mcfarland on that story next. ♪. so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. it's customized home insurance from liberty mutual!!! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ the best part of christmas is basically the presents. -they always hide it in the same exact place. -i kind of want it to be a surprise, but i kind of want to know too. -i act like i never saw anything, that's why you call it being sneaky.

-hey there. -hey. -hi. hey there. how are you? i'm with disabled american veterans. i was wondering if you had a quick minute to thank america's veterans for their service and sacrifices -of course, why not? -oh, sure. -absolutely. -sure. all right. well, come on in here. i'm just going to hit record on this. i would like to thank you from the bottom of my heart. i can't even think of the words of how grateful i am. i want to tell you guys how much, how much we appreciate. but most importantly, i want to thank you for your courage and bravery. wow. thank you. someone here who'd like to say something to you? oh god, you guys are awesome! someone has something they want to say to you. oh my goodness! how's it going? awe! so i will let you know how much appreciate it. how much we appreciate it! just feel honored, for everything you've done.

thank you for myself, thank you for everybody. i get to live every day, you know, in peace because of yo a lot of people thank us, but we want to take the time to thank you honestly, for giving back. and when you gave to dav, you are supporting veterans like dave and myself. so thank you so much. thank you, you guys are amazing. thank you. thank you. you can say thank you to our nation's heroes, by calling the number on your screen right now, and giving your monthly support of only $19. say thank you by going to helpdav.org right now, and give just $19 a month. when you do, we will give you this dav blanket as a thank you and a reminder that you support those who served please call or go online to helpdav.org right now. your support says thank you to our nation's disabled american veterans

hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks

that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. ♪ david: checking the markets, this is green among the indexes. we have the dow jones industrial average up just .13% but if you go down to the bottom of your screen nasdaq is the biggest loser today, it is down almost a

percentage point. interest rates are up. usually when that happens tech stocks go down. we're joined by kt mcfarland. kt, great to see you. vladmir putin let's talk about him. he is making a rare trip to belarus today. what is he up to. >> i think he is looking for a little love. he doesn't have a lot of friends left on the planet. i don't think the fears, oh, well he will get the belarus president to commit bell a ruse troops to commit to the ukraine war. there are not that many of them, they're not well-trained. that is not the issue. far more he gets from belarus, what he already has, use that country as a physical staging ground for his attacks on ukraine. putin has changed tactics. he is not going for land. he is going to absolutely destroy the ukrainian infrastructure, electricity, water. it will be a cold winter for those people. david: just awful, the focus on civilian deaths. what a man.

north korea, we haven't talked about that for a while. they fired a couple of ballistic missiles over the weekend. they have a potential range hitting as far as japan. how big of a threat is this. >> they have got a checklist, david. their checklist they ultimately want intercontinental ballistic missiles to affect the united states. they have gone down the checklist. that is another. what is interesting, what prompted japan to do. japan has just doubled its military budget. they're very nervous about north korea. david: that is very interesting. staying in the far east, china. back in the news because of former vice president of the ecohealth alliance, that is the group that was working with the wuhan lab, getting money from the nih, he came out and said it was quite clear to him the wuhan lab was all about bioweapons research. what are we to take from all of that? >> you know the wuhan lab was where the chinese military

bioweapons lab is. it happens to be coco lated where a lot of this gain of function research. my concern not only was china likely developing this virus in the lab, i don't think they deliberately put it out into the world, but it escaped. once it escaped the chinese knew what was happening. the chinese didn't tell the world, didn't warn the world. they sent people in and out of wuhan spreading the virus around the world. even though they did not use it's a bioweapon, once it happened they employed it as a bioweapon t could have been contained if the chinese opened up to it from the beginning. instead the world is still struggling with covid. david: kt, you know government, you know how spooks work. shouldn't our spooks had known that our nation was sending money to a lab working on bioweapons? if they should have h did know why were they spending money on

that lab? >> this is the big question. i went in as trump's national security advisor at the beginning of the administration. we did not know about that. we were not informed the united states government was indirectly funding research going back to wuhan and that is a really significant point. the obama administration shut it down. who came in, trump administration not knowing how government functioned, a lot of people, did the nih of their own recock nan sans, go ahead to fund the very scary research? that is the reason i want to know. did we have any fingerprints on it, how, when. david: finally staying on china and their influence over here, tiktok, i understand, i get the risks of tiktok. i think most people do in the united states now but how do you wipe it out of our system because it's clearly, we have to do something, other than government devices, how do you get it out of our social media environment? >> other countries banned it.

they banned their download of it. i think we should do the whole thing. the problem is kids. it is teenagers. it is under 20s. they're using that as main source of news. they may think they're keeping secrets from mom and dad but they're not keeping any secrets from the chinese communist party. because the chinese communist party, chinese government, chinese intelligence services know exactly with you're doing online. they see who you're talking to, who your friends are. they will use that. but then they use it to sort of taylor, influence peddle your brain. so scrambling your brain i think that is a bit too far for us. david: if your kid is using mom-and-pop's computer at home in order to get on to tiktok, mom-and-pop's data going into the chinese files as well. so it's a problem. you should know what your kids are doing. kt, thank you so much for being here. great to see you. have a wonderful holiday season. >> thanks, dave. david: russian forces launched a new wave of drone strikes in ukraine t damaged critical

infrastructure in the capital city of kyiv. nate foy is there. he is in kyiv. nate, give me the latest from what's going on there? >> reporter: good morning, david. this is the third airstrike on kyiv in just six days. this time ukrainian officials say russia launched 35 iranian-made shaheed drones. 23 of them targeting the capital in kyiv. 18 of those drones got through. you mentioned critical infrastructure was again damaged. look at this video. a massive fire in the early morning hours for almost three hours this fire was blazing at and energy plant here in kyiv. firefighters did eventually put it out. right now three districts in the kyiv region are operating without electricity. we are seeing reports three people have been injured as a result of this morning's mass drone strike. listen to what resident saw when it happened this morning, david. >> translator: this time the walls shook. i saw flames from my window. it was above the fifth floor.

i live on the fourth floor. it was visible the flames were higher than these houses. >> reporter: david this comes as intense fighting continues in the east, specifically in the city of bachmud. he is desperate news for positive messaging, the win would if russian forces capture it, it would push them to the east to capture the donetsk province. they met with stiff resistance. president putin meeting with his ally in belarus, president lou shank co. an ally of president putin. 20 minutes ago vitali klitschko was on hand to quite the christmas tree you see mind me.

it was donated by business owners. it runs on generator power. what is it like to celebrate christmas during a war. russian can try to take their country but they cannot take the ukrainian spirit. send it back to you. david: nate, very quickly, are people running out of energetic larly as it is getting freezing there? >> reporter: well three districts here in the kyiv region are operating without electricity. that's not been so rare here for the past couple of months unfortunately, david. as last week i believe the numbers was 40% of people here in the kyiv region were operating without power during the day. it dropped to 25% at night. after this morning's drone strike, three districts are operating entirely without electricity. it is very cold here. david: thank you, nate. appreciate it. the state department launched a new initiative to coordinate policy on beijing. lauren, give us details. lauren: they launched what is called a china house to

coordinate policies with respect to china. they are to counter beijing's growing clout financially and militarily and share resources to avoid blind spots. this shows china is a significant issue for the administration. they're employing in the china house unit 60 to 70%. david: i remember the russia house during the soviet union. now we have a china house. lauren, thank you very much. rapper drake betting that argentina would win the world cup final but he still ended up losing a lot of money. we'll tell you how that happened. finally good news for the housing market. mortgage rates are beginning to fall. will rates continue to drop? i will ask the ceo of national association of homebuilders coming up next. ♪.

i was born on the south side of chicago. it has been a long road, but now i'm working for schwab. i love to help people understand the world through their lens and invest accordingly. you can call us christmas eve at four o'clock in the morning. we're gonna always make sure that you have all of the financial tools and support to secure your financial future. that means a lot for my community and for every community.

david: checking the markets right now, again the dow jones industrials is in the green. it is up by a third of a percentage point and nasdaq has covered a little bit. it was down over a percentage point. down half a percent. come here, lauren, looking at

other market movers. start with nrg, energy. lauren: at the top of the s&p 500. reason sample, bank of america upgraded them to neutral from underperform. this is your biggest gainer today. david: amazon? lauren: okay our friend mark mahaney at ever core, cut the price by a one hundred dollars. the reason is not god. softness on line retail, demand for cloud computing amazon's big businesses. david: tesla down 50% year-over-year. ford is having some problems too. lauren: they're expected to lay out the arguments today, for a new try in a lawsuit over truck rollovers, alleging roofs were too weak in certain of their models. people got injured. a jury verdict was $1.7 billion. largest ever in the state of georgia. because they typically settle outside after trial. this went to time.

they're trying to redo the terms today. david: we have another one here. mortgage rates continue to edge downward. lauren, good news. lauren: if you're being really optimistic. so the 30 year what, is hovering 6.3%. david: it was over seven. lauren: give you that. mortgage bankers association, end of next year, 5.2%. moving in the direction. did you read the article in the journal, creative ways for people to buy mortgages. artificially lower first couple years for the mortgage payment, when rates reset you have to pay the higher mortgage rate but the buyers are saying we'll pray it is lower at time and we can refinance. david: always looking for new ways to make money. lauren: that reminds me of the 08 financial crisis. different ways to get into things you can't afford. david: sometimes creative means more risk. usually it does. lauren, thank you very much. builder confidences in decent

dropped to the lowest level since june 2012. it marks the 12th state month of declines. jerry howard joins me now. jerry, 12 straight months. i think that's a record, right? >> yes it is. it is pretty scary thought, david. david: so break it down for us. what kind of housing is doing worse and what kind of housing do you think has turned a corner? >> well, obviously the highest end housing is doing very well. people who have money have money whether it costs more to get a mortgage or not. high-end housing is still doing very, very well. first-time homebuyer housing is almost impossible to build right now. so there is a real shortage of that in the market. unfortunately it's the first-time home buyer component of the market which really sets the overall housing market. so we're looking just like our friends at the mortgage bankers, we're looking at a rough year coming up. david: you think it will get

rougher before it turns a corner? >> yes, sir. we're not looking for a very good year in '23 at all. i'm talking to builders around the country right now. a lot of them are, about 35% of them last month started to lower their prices but there is only so far they can lower them. construction costs are still way above inflation. if the average consumer can get, wrap their head around that. there is inflation and construction costs are over the inflation rate. so you can't build, you can't lower the costs. builders are in a quandary right now. a lot of the smaller builders are starting to take on remodeling, renovation contracts so they keep their businesses going. david: jerry, final one, it has to be relatively quick. a lot of people i know are getting out of the market right now, cashing in their gains over past couple years, saying i will pay cash for real estate, because housing prices have got to come down. are they right? >> i'm not sure that they're

going to come down that much. remember there is a shortage. when you have a short supply only so far prices can drop. that is one thing where it is not like the 08 market where there was a glut of housing. this time there's a shortage. david: good stuff, jerry howard, thank you so much, jerry. appreciate it. a new study is breaking down which state will have the highest heating bills this winter. come back in here, lauren. who tops the list? lauren: it is oklahoma. i want to say everyone's bill going up, on average if you heat your home with natural gas which most people do, bill is up on average 28%. 28%. oklahoma the most expensive bill in the land, $301 a month this winter. increase from $56 last year. alaska. georgia, maryland, followed by illinois right here in new york. all over $200. david: wow. heating i will is up even more. lauren: we've been warned. it is still not fun.

get a blanket. david: programing note tonight catch two episodes of stuart's show, "american built." this is nashville, music city. >> from a rustic river town to the music capital of the world. >> right here in the studio. >> big players. >> genius. >> towering figure. >> one of these galaxy brain type. >> big ideas. >> the tallest radio broadcast tower in the country. >> how they built music city usa. ♪. david: nashville, music city, 9:30 tonight, eastern time, the national cathedral at 9:00 p.m. eastern only on fox business prime. lauren, thank you very much. the president of toyota says says automakers shouldn't limit themselves to just producing electric cars. he says there is a silent majority who agree with him. more than 14,000 vehicles have been stolen in new jersey this year alone. that is up more than 40% from

2020. jeff flock is going to tell us how police in the garden state are cracking down on car thefts. that is is coming next ♪

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david: check the markets. not a lot of activity, markets are in a holiday week kind of mode. the dow is up slightly. nasdaq is trading down almost a percentage point, down about .8. check apple, because that really took it on the chin about friday t was down 1 1/2%. today it is even worse. down 1.8, close to 2% loss today. a lot of people are thinking maybe it is the time to move into apple a little bit to fill out my portfolio. meanwhile the president of toyota is weighing in on the future of evs, electric cars.

come in, lauren. what is he saying. lauren: he is making a good point. toyota has a question about strategy, seems everyone is doing but of toyota pursuing electric vehicles, only that this is what he told "the wall street journal" quote, people involved in the auto industry are largely a silent majority. that silent majority is wondering whether evs are okay to have as a single option. but they think it is the trend so they can't speak out loudly. he continues the right answer is unclear. we shouldn't limit ourselves to just one option. toyota is not, they're investing in hybrids, hydrogen powered cars. they're world's biggest automaker. they're moving in another direction as detroit and pure electric plays. if you look at the u.s., share of ev market, it is 6 1/2%. david: right. lauren: it is growing really, really fast, so many automakers saying we're abandoning gas, abandoning hybrid. doing electric. david: as soon as gas prices

come down you see a loss of sales in the ev market. it is a lot more for gas than it was a year, two years ago. however as it comes down people stop buying electric. lauren: because the battery of an electric vehicle is so expensive, not to mention all the other parts. to hard to get the materials in the first place. david: where does the again energy for electric vehicles come from? lauren: china. david: the actual energy comes from very often gas and fossil fuels. lauren: oh, yes. david: more than 14,000 vehicles have been stolen in new jersey just this year alone. that is up more than 40% compared to 2020. jeff flock is in hamilton, new jersey. you've been looking into this. what is law enforcement doing to crack down on all the thefts. >> reporter: only good thing you can say about car theft, david, in new jersey it is bringing republicans and democrats together on legislation to crack down on it specifically. the guys that hire kids to steal

cars and bail reform. looking at that as well this is not just a new jersey problem. take a look at national numbers on auto theft. they don't care if they're electrics or gas-powered. thefts are up 25% this year alone. carjackings up 160%. the theft of those catalytic converters, up over 1000%. new jersey is not even the worst of it. colorado is now the national capital for car shaft. dc second, california, and new mexico top four locations for car theft. here in new jersey a democratic lawmaker is actually pushing a group of bills that would crack down on these rings, organized rings that hire kids to go out to steal cars. and also, bail reform laws that allow offenders to get back out on the street and steal more cars. here is what he told fox business. oh, i don't have what he said but what he said was, hey, i'm a

democrat but this is bad stuff and, you know, we got to do something about it. by the way our good friend start varney, better watch out for his pickup truck, david, because if you look at the most sought-after vehicles to be stolen? that would be the chevy silverado, the ford f-150, honda civics, accords. david: wow. >> reporter: hold on to the pickup truck. david: if he is not watching reminder him of that. jeff flock, good stuff. thank you very much. car repossessions are on the rise. come back here, lauren. how is it a warning? lauren: because people can't afford the business, plain and simple. rates going up. unemployment going up, you don't have a job, you can't afford the auto bill, loan in the first place, how will you pay it back. hitting lowest income consumers the most obviously. if you look at their rate of default, it is exceeding 2019. i was recently shopping for a car. we could not find the car we

needed for under $1000 a month. one in six auto buyers forced into $1,000 a month, when they are forced into five or $600 a month. average auto loan ishundred dollars. david: wow. lauren: people cannot afford this we're seeing repossessions on the rise. the good news, there is good news, not expected to be worse than the financial crisis in '08 and '09. david: as you're living paycheck to pay, getting figures growing for people living paycheck to paycheck. lauren: the money dries up. david: higher prices on the card. lauren, thank you very much. ftx founder sam bankman-fried arrived into court from bahamas. we have story on extradition to the united states. democrats, republicans say rhetoric is encouraging migrants to come to the u.s. chad wolf has his take coming next.

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slightly and nasdaq is about where it was last time we checked, about, 3/4 of a percentage point down. title 42 is set to expire in only two days. the cartels are eyeing a massive pay day at the border once it is lifted. they have already been getting rich. rich edson is in washington with more on this. rich, how will they benefit from the lifting of title 42? >> reporter: good morning, david. cartels control significant sections of the southern border. they smuggle migrants and drugs into the united states. titler 42 is a pandemic authority allowing officials to expel certain migrants from the border that will expire the day after tomorrow. one former dea agent says cartels are preparing to exploit it. >> it will increase the deadly supply of fentanyl and tsunami of heating substances entering the country daily. due to the high volume of

activity, border patrol, officers at cpb will be consumed with administrative duties instead of doing security at the border. >> reporter: congressional aides say once title 42 ends the administration is expecting up to 15,000 migrant crossings a day. that is double the rate over last couple years. the dea has said most illegal drugs come across hidden in bulk loads on trucks driving through legal border crossings. the white house maintains it is working to confront the migrant surge and cartels that would exploit it, with dea focusing on sina low cartel and new generation cartel. >> the kind of approach you take to organizations that pose a national security threat. we're using intelligence, we are using cyber means, we are using informants, we're using data to map the network and then attack it at all points along the supply chain. >> reporter: with the end of title 42 texas state law

enforcement says they're preparing for increase in drug smuggling, especially fentanyl and methaphetamine. david: rich edson, thank you very much. abc news reporter martha raddatz insisted president biden never encouraged migrants to come to the border. watch this. >> if you talk about open borders i don't think i've ever heard president biden say, we have an open border, come on over but people i have heard say it are you, are former president trump, ron desantis. that message reverberates in mexico and beyond. david: chad wolf joins me now. chad, this was, this was one of biden's main messages on the campaign trail in 2020. he specifically said, you can come on over. how is she blaming republicans for this? >> i think it is startling. at the end of the day though, it doesn't really, the impact on

whether the president, the vice president or whoever talks about whether the border is open or not, that has little impact. what has the biggest impact is the actual policies down there on the border, whether a migrant who illegally crosses that border gets to stay in the united states or is removed or sent back to the home country. that is what matters at the end of the day. what we know is the vast majority of folks are being released into the united states. so whether the president wants to admit or any other you know, media personality wants to admit the border is open or closed the reality the border is open, the majority of folks coming across the border look at sheer numbers and metrics get to stay in the united states. so you can talk about messaging all day but the reality is, what it is and the facts don't lie. david: those metrics are not just about fentanyl and u.s. citizens. migrants themselves are dying. with he had 800 migrant deaths in fy 2022. that huge increase in number of

deaths. it is now freezing by the way in el paso. it went down below the freezing level last night. central american immigrants in particular, aren't dressed for the occasion. some of them are probably going to be dying, getting frozen to death. this is a humanitarian crisis as well. and democrats claim that they wanted to fix the humanitarian crisis during the trump administration. it is much worse now. >> it is by far worse. any type of metric that you look at, the biden administration continues to break records, for all the wrong reasons. whether you look at number of illegal apprehensions and number of migrants dying whether in the desert or on that river, astronomically high numbers. the number of assaults on border patrol, the suicide rate among border patrol and officers, almost highest it has ever been. they have been facing for now 23 months, a crisis that has been so large, that has been hard to imagine and hard to describe

every single month and they don't see any end in sight. they see title 42 going away. they don't see policies, procedures, plans put in place to control that border. so for although -- all they know they have another two years of a crisis staring them in the face. across the board the biden administration is taking the wrong approach. you need an enforcement strategy. you need to send a signal to cartels and smugglers, it is not different as usual. that you will have different enforcement posture. that will get the crisis under control. until they're willing to do that unfortunately they will see more of the same. david: i don't want to forget the border patrol agents, number of suicides going up. they feel like they lost everything they worked so hard for. tragically leading some to commit suicide. tragically, 10, 15 seconds on state of emergency declared by texas. are they within their rights to

declare el paso a state of emergency? >> well they are and frankly the mayor should have done that months and months ago. el paso has been ground zero for this crisis. the number of illegals coming across. he can't ignore reality any longer. this should have been done a long time ago. it was done for politics. that is unfortunate. people, residents of el paso need additional help. when you look at the images they are again at ground zero. david: speak of zero, it is below zero sear centigrade freezing there. more ahead, david katz, 11:00 hour of "varney" is next. ♪.

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>> at a minimum, pending that members of the house can't use tiktok the, we need to ban it as a country. india has done that. we can't have a situation where hundreds of millions of americans can be influenced by