to ride with someone else. >> cheryl: i'm not flying southwest to get home. call jonathan for a ride home. >> [laughter] >> but you never know. >> cheryl: you and i are both saying it was a really tough weekend for travel. my heart goes ought to all of the people at the airports after christmas. its not been fun and you drove but you made it you were safe so that's good. >> yeah, i live close by, thank you. >> cheryl: wow. all right, well like i said, i'm going to end the show in like 15 seconds and call the hallmark channel ceo and be like look, i've got a movie idea for you and this is it. all right nicholas, jonathan, guys great to have you here. that is it for me i will be back with all of you tomorrow for "mornings with maria" and "varney" & company right now. ashley: good morning, cheryl. good morning, everyone. thank goodness i didn't travel for the holidays as well.

thank you i'm ashley webster in today for stuary varney. get ready for the surge. title 42 could end as soon as today and that's got border officials worried about more chaos coming after border authorities reported a record number of encountered in november with migrants. the administration claims however they have a plan for when title 42 ends. problem is they haven't released any details. that's not good at all. the number of flights being canceled was significant and as you can tell, massive bomb cyclone wreaking havoc for those millions of holiday travelers. by the way we'll head to buffalo , new york where they got walloped with four feet of snow even by buffalo standards that's a lot. the newest twitter files reveal the white house pushed the platform to sensor messages from users that they deemed

misinformation. vivek ramaswamy will be here to take that on bruno it's not all gloom and doom this morning there is some glimmer of hope as wall street kicks off the final week of trading for 2022. the dow is higher the s&p ever so slightly and the nasdaq ever so slightly lower. is there a santa claus rally in the offing? we'll talk about it. it is tuesday, december 27. the countdown to 2023 believe it or not is on "varney" & company about to begin. ♪ in a new york minute, everything could change ♪ ashley: well, yes, beautiful there, in midtown manhattan. don henley in a new york minute. well what more than a minute's worth of powerful winter storm sweeping ink across country over

the holiday weekend, and the nasty weather snarling travel at airports. look at that drone video. parts of upstate new york were hit particularly hard including buffalo where they got yes, four feet of snow, some people are waving to the drone. 49 people have died during this storm with at least 28 deaths reported in new york and that number could go higher its been terrible. president biden tweeting yesterday, i spoke with governor kathy hochul to get an update on the extreme winter weather hitting new york. we start ready to make sure they have the resources they need to get through this. my heart is with those who lost loved ones this holiday weekend. you are in my and jill's prayers that from the president to kathy hochul of new york. president biden, by the way, has also approved governor hochul's request to declare this storm a federal disaster emergency. we're going to have more for you on the aftermath of this very powerful deadly storm later in the snow. absolutely remarkable. all right let's turn to the

markets and take a look at the futures as i say the dow and s&p up slightly, the nasdaq down slightly, so it's a very usually -low volume trading week between christmas and new years. david nicholas is here to talk about it. david, good morning to you. okay, so we're in the final trading week of the year. are we going to see a santa rally? usually the last five trading days of this year, the first two of next, we had an up-day last friday, we're still on for santa or has that sleigh already sailed? what say you? >> ashley it may have sailed. it's still possible but the odds are it's probably not going to happen from a technical standpoint a lot hasn't changed for the market if you look at the s&p and the nasdaq they are still trading under their 200 day moving average. that's not a very bullish signal we may have a good one or two updates remember when i was in studio a couple weeks ago dow as up 800 points only reverse and go negative by the end of the day so you mentioned this is a thinly-traded week.

we could see a day we see an update but this is not in my opinion where investors want to be adding exposure. we recently rebalanced our tactical portfolio, we overweighted energy, healthcare and treasuries. that's not a very bullish sentiment so investors want to maintain protection going into the new year have your watch list ready because you'll get a better buying opportunity first par of next year, ashley. ashley: i read your notes, david you like the energy sector, we know that china is trying to reopen and get its economy rolling again. it's not been easy there but you believe the demand for oil is such that it looks good for that particular space but how do you play oil? how do you play it? >> yeah, that's right ashley. they ended their ridiculous covid lockdowns that city has come back to life, so if you're an energy bull like i am that should be music to your ears so one of the ways that's a great way to play it is through xle. we bought that dividend on friday and overallocated to xle,

, paying about a 3.7% dividend but if that's too boring, pxd, 11% dividend, pxd is essentially profitable as longs as oil stays above $40 a barrel. devon is energy is another name ,xom trading at about 3.5% dividend so in my opinion, energy is a place you want to be allocated to with 11% in pxd it's hard to argue in this market. ashley: it certainly is. all right, david we'll have to leave it there but thank you very much for joining us this morning. david likes oil. all right, now this. a spokesperson for former vice president mike pence is shutting down rumors that he had official ly filed to run for president in 2024. the fec shows a candidacy was received on monday for a mr. mike richard pence; however, it seems it was a prank filing by an unaffiliated party. pence has stated though he would discuss a potential run with his

family over the holidays but that was not this particular mike pence, a prank, apparently. now to our southern border. title 42 could end as early as today as border patrol prepares for a tidal wave of migrants. charlie hurt with us this morning. charlie, the white house claims to have a backup plan to deal with the border but they haven't released any details yet and you get this feeling behind the curtains they are like oh, my god what are we going to do? do they have a plan in place? >> well, if it's anything, if their backup plan is anything like their actual plan, then we're in real trouble. the biden administration has created a situation where we're looking at a quarter million illegals crossing the border every month, and that's before this title 42 is lifted, and when that happens, you know, you think a quarter million a month is bad. wait until you lift title 42. it's going to be extraordinary

and what's really amazing here is that this has been such a hot -rolling catastrophe that the biden administration singularly has ushered in, you know, its been a problem for a long time but of course, president trump solved the problem at the border, stopped the in-flow and joe biden went and reversed all of that to create this current humanitarian crisis, but what's really amazing about it is that as many illegals who are crossing the border as it is, there are tens of thousands that are waiting in the wings just on the other side of the border reading twitter and reading news from america in english and i suppose in spanish as well, to figure out what's going to happen when, so that as soon as title 42 lifts they can all come surging across the border, so as bad as it is now, it's only going to get worse as long as biden has either his plan or his backup plan. ashley: [laughter] i don't think he has a plan a,b,

or c. next one, charlie. congressman matt goetz urging his fell louis republican jim jordan to challenge kevin mccarthy for speaker of the house. you know, this is getting messy. how long do you see this playing out? >> well, i think it's going to, this is sort of an actual thing, you know, every time you get a new majority in the house, you get stuff like this. kevin mccarthy does have a problem on his hands just because the republican majority is so slim, but you're sitting here with a situation with matt goetz. the person that matt goetz wants to challenge mccarthy isn't even challenging mccarthy so that's like two-steps down the line that these people who are not pleased with kevin mccarthy and want a replacement they don't even have, the person that they want to challenge him isn't even challenging him, so it's, you know, kevin mccarthy has a difficult job but as of right now, i'm still thinking that

there is no real alternative to him and he has done a very good job of getting people like jim jordan and others on the sort of right flank of the caucus to either support him enthusiastic ally as we see with someone like marjorie taylor greene, or at least support him enough that they are political realists about it. ashley: they are, indeed, but you think mccarthy will be the man and is there, can he get them all under the same umbrella or is there going to be this little i wouldn't say split, but certainly some squabbling within the gop? >> well, i will say this. there are few jobs in this world i would want less than speaker of the house for the next two years. it's going to be a very difficult job, but like i said, i just don't see a realistic alternative at this point. like i said, if the person you

want to challenge mccarthy isn't even challenging him, then you've got a real problem. you know, if matt goetz is so eager to deny kevin mccarthy the speakership, then why don't you put your own name for it? he can't put his name for it because he could never get the votes. ashley: exactly. we'll leave it right there. charlie hurt, thanks for joining us this morning, charlie. >> great to see you. ashley: great to see you. staying on capitol hill hemisphere congressman adam schiff is thinking about leaving the house behind but he's not leaving politics apparently. do we have a sound bite, no. we'll go to full screen. he says, we do let's go for it. he says this. i'm getting a lot of encouragement to run for the senate from people in california and colleagues here in congress, really? if senator feinstein retires then i will give it very serious consideration, he says. he goes on to say it's a great responsibility and in terms of continuing the work i've been

doing to protect our democracy and fight for an economy, the works for everyone, that would also give me a chance to try and meet those objectives for all californians, but you know at this point i think we're waiting to see what senator feinstein has to say about her plans, but yes, it is something i'm giving serious consideration to. that's adam schiff. by the way senator feinstein be up for re-election in 2024. she has been in office for some 30 years now. all right, let's check the futures quickly as we head towards the break. mostly flat if you like up on the dow and s&p down slightly on the nasdaq. coming up, china is facing a surge in covid cases, but it's ditching its covid quarantine rule for inbound travelers. we'll get into that. the latest drop of twitter files exposed the government's influence on suppressing covid messaging that contradicted the white house but the white house changing its tune. >> we are in regular touch with

the social media platforms and through members of our senior staff but also members of our covid-19 team. >> we were not involved. ashley: really? does vivek ramaswamy think the white house was involved? guess what? i'm going to ask him, next. ♪ ♪ research shows people remember commercials with nostalgia. so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. wow! what'd you get, ryan? it's customized home insurance from liberty mutual!!! what does it do, bud? it customizes our home insurance so we only pay for what we need! and what did you get, mike? i got a bike. ♪ only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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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. to finally lose 80 pounds and keep it off with golo is amazing. ask your rheumatologist about i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new lease on life. golo is the only thing that will let you lose weight and keep it off. who loses 138 pounds in nine months? i did! golo's a lifestyle change and you make the change and it stays off. (soft music) ashley: all right, now this. the newest batch of twitter files has been released. aren't they fascinating? this time they detail how the administration pushed twitter to silence accounts that contradicted the government's

messaging on covid. now the tweet said this. the biden team was very angry that twitter had not been more aggressive in deplatforming multiple accounts. they wanted twitter to do more. joining us now, vivek ramaswamy is here. vivek, good morning. elon musk called this an introductory thread on how twitter influenced covid messaging. now the white house is denying any involvement. what's your take? >> i think that it is clear that the government was tilting the scales of public debate but using twitter as a vehicle, a trojan horse to do it, because the government could not do so directly, because of the first amendment to the constitution of the united states, and what i say is if these companies are behaving as tools of the government to do through the back door what government could not do through the front door under the constitution then these companies ought to be bound by the first amendment as well. this is yet another example of that, where the white house pointed out specific individuals

, alex baronson was one example of critics of the u.s. government, and directed a private company, put pressure on them, to silence that specific critic of the government, in this case on covid policy. this is what would make our founding fathers do backflips in their graves if they knew that were happening today, that's the state of affairs in america. ashley: all right, next one for you, vivek. let's talk about tiktok. some administration officials pushing to force the social media company to sell its u.s. operations. they are worried of course about beijing's ability to use the app for espionage, political influence and so on but would u.s. control of the app make it any better? should we dump this thing all together? >> that is the right question to be asking, ashley. i think that tiktok is a major problem, but shifting ownership does not address that problem because you know what? many companies in silicon valley also have the boot of the ccp on their neck because what the ccp says even to u.s.

companies, is that you cannot enter the chinese market unless you meet the ccp's demands. great "wall street journal" reporting on this about airbnb a couple of years ago, handing over private user data. private messages on their platform to do businesses in china so i don't think this shifting ownership changes the answer. when you have an app like tiktok that is as toxic as it is i think we need to have a serious conversation about a national ban on tiktok at minimum in children or in children under the age of 16 for multiple reasons, including the fact that it's a data collection trojan horse. ashley: very quickly, i want to get to this one it's fascinating mark cuban sat down with bill maher and slammed what the he called the tech bros of silicon valley. >> i've never been a big san francisco fan at all. >> it's a little clicky. >> pretentious, right? being in the tech industry, everybody is the smartest in the world if you live in silicon

valley. >> first of all you're not smarter than the people in tulsa who come to my show anyway and there are a whole lot more fun. >> i mean, the attitudes, it's just like, we're tech bros. of course we're smarter. we went to harvard and m. i.t. we're in tech. you just can't hang. ashley: vivek, do you relate with mark cuban on this? >> well i think mark cuban puts his finger on the right pulse here. if i'm going to call this like i see it though mark cuban owes himself a long look in the mirror as well, where he's calling out the right problem but just because you don't live in san francisco anymore doesn't mean that you may not have a problem in your own backyard or in your own home or own self. this spouting off about his own political perspectives in ways that are less than supported, i think, evidence that same problem but i'll give him credit , definitely give bill maher credit for actually observing a real phenomenon in san francisco culture but the last thing i'll say, ashley is san francisco culture exists

now outside of san francisco as many people transplant themselves to places like austin and other places in the country too. ashley: yeah, because of the politics they move but have taken the politics with them. all right, vivek, great stuff, covered a lot of ground appreciate it very much, thank you. now this. apple facing a class action lawsuit alleging that the apple watch's blood oxygen monitor has a racial bias against people with darker skin tones and the lawsuit claims the app was significantly less accurate, that is, at measuring blood oxygen levels depending on the wearer's skin tone. now apple's website does note that the app is designed for general fitness of wellness purposes, not medical use. all right, let's take a look at these futures as we head towards the opening bell, in less than 10 minutes. we've seen that the dow up about well, a quarter of a percent, the s&p up slightly, the nasdaq exactly flat. guess what? the opening bell coming up next.

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ashley: let's take a look at these futures on the final trading week of the year. the dow very slightly higher, s&p essentially flat and the nasdaq also just down a ten th of a percent. let's bring in our good friend jeff sica. great to see you, jeff. let's begin with a question about the santa claus rally. i asked david nicholas earlier. last five trading days of this year. first two of next. do we get a little rally or do you carat this point? >> well it's not that i don't care, ashley, but i think we'll have a little bit rally but it really doesn't matter as much as people think. i know what you're going to see is a lot of the institutions , the hedge funds, the mutual funds, are going to put money to work this week, so we might see a little bit of an up-draft, but what's really important is what's going to happen at the start of the new year. that's what we really have to focus on, because momentum is a big deal in markets like this.

ashley: well, of course, the markets have been so suppressed because they are worried about the rate hikes and perhaps an impending recession and how deep is that recession going to be. what's your outlook for 2023, jeff? >> well what i would equate this to, ashley, is this is going to be like driving with your emergency brake on. that's what this market is going to resemble, because what you're going to have is theres still a lot of liquidity that could come into the market. there's still things like stock buybacks, but what you have is you have a federal reserve whose sticking with the 2% inflation target. they have to raise interest rates. they are behaving, as i said before, like a petulent two-year-old that going to keep hitting the economy and the market until they break it so you're going to see rallies and sell-offs but what i think what people are going to realize after all is said and done is we've been running in place.

i don't have, there's not going to be a catalyst to move the market up, because keep in mind, ashley, for 70 years, bull markets have ended on one thing, and that's the fed lowering interest rates so until that conversation happens, we're not going to see the momentum we need. ashley: so what are you doing, jeff? do you hang out on the sidelines we had a guest earlier who said they like oil. they think things will start picking up especially in china and the demand for oil will go up. what about you? >> well, you know, i mean, they used to say cash is trash. i think cash is king. i know people don't want to hear that. they always want to call the bottom. they always want bargains but i think you were going to see that you could buy the treasuries to keep liquidity. i do feel confident with banks and companies. banks and companies tend to do better when interest rates move up. the delta between what they're

loaning money out and what they're paying in interest helps them, so i'm buying banks and companies. i'm buying real estate and i'm buying the reit. i think the reit's are attractively priced but i'm staying away from a lot of things and i'm keeping a lot of cash because i do want to sell-off. i do want capitulation. then i could put that money to work. ashley: and quickly, you know, the consumer such a big part of our economy. where's the psyche of the consumer right now? >> i think the consumer is a lot, has been annihilated by rising prices. i think the government has not captured the exact spot that the consumer is in. >> [opening bell ringing] >> 70% of the economy is centered on the consumer so the consumer needs to get some relief and move forward. ashley: all right, jeff, we're up and running. the consumer has been annihilated to your point with inflation but we are off and running. the dow up 89 points, up about a

quarter of a percent right out of the gate on this tuesday morning, it's a shortened trading week as we look towardst the top there, so, the dow up so. the s&p will essentially flat down a couple of points at 3,843 let's take a look at the nasdaq. nasdaq on course for its worst annual performance since 2008. its been a rough year for the tech-heavy nasdaq, down a quarter of a percent and talking of big tech microsoft essentially flat but all of the others are down, amazon slightly, meta down a quarter of a percent, alphabet down half a percent, apple too down six- tenths of a percent. let's take a broader look at the nasdaq as i was talking about it is on track for its worst performance since 2008. it's down over 8% this month alone. jeff, come back in here. how concerned should investors be about nasdaq's performance.

what does it tell us? >> i mean, ashley, if you remember there was a time when technology drove the market where up to 50% of the market or more was tech-driven, you could have threw a dart at a board for a tech stock and whatever tech stock you hit would rally. now, you have these stocks which are getting hit. now keep in mind, a lot of these companies are very centered on the weaker dollar, as the federal reserve raises interest rates, it's going to affect earnings. i anticipate we'll see earnings decline by about 20-25% based on the stronger dollar, so with technology being a core sector, i think we should pay a lot of attention to it. there's some of those stocks that are never going to come back. i don't see meta coming back. they're never going to come back ashley: well let's talk about some of the individual stocks. i want to talk about tesla.

i believe that is down today. it is, down 4%. the company reports they are going to reduce output at their shanghai plant. look, this stock, jeff, is down 65% this year. if you're a tesla shareholder, are you getting pretty sick and tired of elon musk and his ongoing saga with twitter? >> well, i mean, i have to say, ashley, as you know, i've never liked tesla as a stock. i've never owned a share of it. i've been critical of the company. i'm very very -- i admire elon for what he's doing for the cause of free speech. he's paying a big price for that , but the tesla shareholders are also paying a big price for that acquisition. tesla is a garbage company. it was an acquisition that hopefully helps free speech but it was not a good acquisition. as he said, he can't find

anybody dumb enough to run this company after he steps down as facebook, and he has to pay attention to tesla, which at its peak, tesla had a market cap that was higher than the five top automakers combined, so that shows what a great company, what a big company this was, and i don't think the future looks all that bright for them or ev's in general. i think soon there will be more market saturation with ev's but i don't think it's anywhere in the next couple years. ashley: all right, i want to move on, jeff. southwest, the airline, played by flight cancellations over the holidays. almost 3,000 flights were canceled by the airlines just yesterday. now they are saying they cannot rebook most of those flights until avenue year's eve. you know, jeff, other airlines not hit nearly as badly. what's going on at southwest? >> well i think what southwest was successfully able to do is

take a contingency of people who are going to completely lose faith in air travel to begin with, so they ruined a lot of people. they're saying it's staffing, which is obviously an issue. the labor shortage is an issue but the other airlines didn't have this problem, so i think that we need to look under the hood at southwest and figure out why they're messing up so badly lately, because i would rather walk than take a southwest flight now. ashley: [laughter] boy you're fired up on this monday. i want to talk about avatar. you're our movie guy, jeff. the james cameron sequal made almost $900 million at the box office globally in the first 10 days mostly being boosted by international ticket sales but cameron says the movie needs to earn $2 billion just to breakeven. i mean, was this too big of a bet? do you like the avatar movies?

>> i mean, i love the avatar movies. i love james cameron from when he did the terminator. he's one of my favorite i'm a visual effects nerd, i think he's the best of the best. who would have ever thought a movie that makes 900 million in its opening be disappointing? but yes, this movie cost a lot. it's brilliant. you know, the sequal, the first movie did about 2.8 billion. i think this movie will make that money and i've said it from the beginning. what this problem is is you need to see avatar on an imax screen, and there's not as many of them, so it's going to hold back some of the numbers early but i think it's going to do really well. i think it's going to make the money. i think it will make as much as the first one. it's just going to take a little time but it's a brilliant movie worth seeing. ashley: you know, jeff, you'll

be disappointed in me but i've seen the first avatar twice and fell asleep both times the first time wearing 3d glasses in nashville. i just can't seem to get through it but i'll tin auto -- continue to try. let's take a look at nio. they are warning about their deliveries for the fourth quarter. they have also dropped their expectations from a range of 43,000 to 48,000 to as low as 38 , 500 and blaming all these cuts on expectations on supply chain issues and the outbreak of covid in china which goes on. is there any ev maker, tesla and nio aside jeff, you be buying right now? >> no. i don't like the automakers. i don't like what's happening. i have owned ford and prior and what i am interested to see is a lot of the big five are coming out with our versions of ev. they are very attractive, the audis, they are attractive cars. i'm interested to see how they

do but i would stay away from the sector. i still like to actually hear noise when i turn my ignition. ashley: yeah, the silence is very almost creepy. all right, jeff, great stuff. thank you so much for being here coming up, disgraced crypto king sam bankman-fried was caught chilling in the american airlines lounge before flying business class to his parent's house to await trial. wonder what a crypto investor who lost 1.3 million in the ftx scandal makes of that? well guess what? i'm going to ask him. does $185 for a tiny shot of booze out of waffle cone sound just a little too much to you? well turns out, disneyland guests are actually getting a real steal. going to tell you about it, and then there's this. republican congressman-elect george santos found himself under pressure to clear up lies that he told on the campaign trail but santos doubling down

saying he's not a criminal or a fraud. we have the details on that next ♪ ♪

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ashley: let's take a look at these markets we're about 12 minutes into today's session and down across-the-board but nothing too drastic the dow off just slightly the s&p down half a percent but the nasdaq the selling continues there, down more than 1% in the very early going now this , winter weather causing chaos for travelers over the holiday. that's an understatement today. over 2,800 flights have been canceled with more than 1,400 flights facing delays. it's a nightmare. steve harrigan is at hartsfield jackson airport in atlanta, the busiest in the world. steve many passengers have been

dealing with these issues for days now. how's the mood? reporter: its been a day's long fight for a lot of people we've talked to and they are fighting through that. many people especially with young children pretty much desperate to get home at this point by any means possible the bags are just piling up at different airports, thousands of americans struggling to get home after christmas weekend. 4,500 flights international and domestic canceled today alone. of those , southwest airline responsible for more than 2,500 of them. the people we've talked to often don't have their luggage, don't have clothes and most important, they don't have any information about what is their next step. >> the flight from phoenix got delayed by seven hours and then they canceled my flight from phoenix to houston so i'm stuck at the airport. they were supposed to get my luggage back. i've been looking since last night. luggage is nowhere to be found and just stuck here. >> so we got all the way to the

airport in the lounge, checked in, through security, waiting for our flight, says it's on time, and then it's all of a sudden canceled. reporter: just really a lot of w oe inside airports ink across country but the department of transportation is saying it's unacceptable. the levels of delays and canceled flights from southwest airline. the company said it will make right by its travelers, but they have already canceled another 2,000 flights for tomorrow. ashley, back to you. ashley: all right, steve, thank you very much. you can just feel your blood pressure rising as you listen to these horrible stories at the airport, steve, thank you. let's get straight back to the fox weather studio bring in jason frazier. jason, good morning to you. please give us good news after all of this snow-mageddon in the buffalo area things warming up, right? >> well eventually and that is the keyword ashley is it's going to take a couple of days and many people including my own

mother have been asking, when is it going to warmup here in the east coast, but some good news here, the pattern is going to change but in the meantime, ashley, we've been seeing a surplus of snow for western new york, so take a look. normally average this time of the year about 95 inches of snow again, that's for the entire year but since november 13, they've received nearly 100 inches of snowfall all due to what we call lake effect snow this is all wind-driven snow here and as you travel closer and doser to the lake, lake ontario that's where we're seeing highest totals of snow. here is what it looks like in buffalo new york, it is a balmy 22 degrees but we remain concerned about the icing on the roadways and some of the plows have been getting out there and remember i talked about the fact all of this was due to the winds coming off of the lake here, right now we do have sustained winds over in the buffalo area at about seven miles per hour it's about three

for watertown, new york so as we go hour-by-hour new york state going to continue to be hit pretty hard by some of the snowfall, especially for those of you just south of watertown here. the good news here is is that towards the latter half of the today we're expecting to see the winds really change across lake erie. that means buffalo, new york will likely end up finally see ing that snowfall ending and for watertown, it's going to take a few more hours after to see the snow taper off but ashley, you talked about what was going to be happening in the temperature department. it's going to be the eastern half of the country that will slowly start to see that warmup thursday into friday, just in time for the ball drop, my friend. ashley: fantastic. you know, jason, i was just looking at my watch. it's the 27th of december, so winter is only officially six days old. we have a long way to go. what's the long range telling us can we expect more of these just brutal storms, i mean i know it's difficult to predict but

what's the winter outlook for the country? >> yes, so typically as meteorologists, we look at what we call teleconnections, which is what's happening ink across world and all of that can impact what happens here. now, as we've been taking a look at what's been happening in other parts of the world, we have been seeing dryer conditions but we've also been seeing chillier conditions. it really depends on where you are in the country. i know noaa did put out awe winter outlook and they did call for slightly above average in terms of precipitation for the midwest and for those of you in the south east. they did call for drying conditions and as far as the temperature goals, it is going to continue to be chilly for those of you out west but here in the east, i'm hoping that things are finally going to rebound because ashley, i need to get outside and i need to exercise because its been my new year's resolution to look like you, my man, for the upcoming summer so i need for these temperatures to improve.

ashley: flattery will get you everywhere jason and it's going to warmup because you don't want mom getting upset with you. >> good to see you. ashley: we expect this warmup eventually using the keyword, jason frazier, great stuff. thank you very much. all right, now this. if you're still waiting on holiday deliveries, well, you may be stuck waiting until the new year. this massive winter storm that jason was telling us about has caused a number of shipping delays. ups says it has service outages in almost 900 zip codes across michigan, new york, indiana, and ohio. the united states postal service also warning that dozens of their post offices are temporarily closed because of the weather and by the way even amazon was forced to close a number of their facilities just ahead of the holidays so if you're still waiting for those packages you're not alone. maybe not until the new year before you actually get them. all right, coming up, the white house and democrats are slamming

governor abbott of texas after bus loads of migrants were dropped off near vp harris' home on christmas eve but isn't it biden's policies that may have led to this crisis? texas congressman tony gonzalez will be here on that, plus, the irs delaying its controversial requirement of reporting up to $600 payments made through programs like venmo and zelle for one year. we'll break down the new rules for you right after this. ♪ money changes everything ♪

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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. ashley: the irs is delaying its new reporting rules on payments made through dimensional tall services like venmo and zelle for another year. gerri willis joins us this morning. good morning, gerri. why is the irs pushing this back gerri: it's so many complaints from taxpayers, policy makers, everybody has big questions about this and i've got to tell you we weren't surprised because we've been on this story for a year and a half now. taxpayers though, this morning,

relief from a decision by the irs to delay by one year requirements that e-commerce platforms like venmo, zelle, even ebay report income of more than 600 bucks by users. millions of workers, some in the gig economy, other part-time are hit hard by the rule some telling fox business, look it should be abandoned all together. >> while the additional time will help reduce confusion for taxpayers and ease their immediate burden, congress still needs to permanently raise the threshold to prevent this from being an ongoing burden to taxpayers when they file their 2023 taxes. gerri: now you'll remember congress passed the $600 threshold for form 1099k reports as part of the american rescue plan act, nearly two years ago, and prior to that, platforms had to report income of at least 20,000 or more than 200 transactions so a big change in that policy. it was expected to bring in

8.4 billion bucks in income over 10 years for the federal government according to the joint committee on taxation. democrats said the move was essential to boosting tax compliance among businesses that under-report but critics say this could wrongly hit people using payment apps for other stuff like getting gifts or splitting the costs of meals and the delay comes as the agency is struggling to clear a backlog of paper tax forms. an audit conducted by the inspector general for the tax administration found the agency had yet to process 9.6 million tax returns as of the end of october. our assessment of the remaining inventory and increased production levels indicated that the irs, they aren't going to meet their goals so bottom line here, irs can't even get its usual work done, much less going into this kind of thing. back to you. ashley: all right, gerri, thank you very much. let's move on.

of course let's take a look at the markets very quickly. we are moving slightly lower the dow off 67 points, there you can see the s&p down half a percent the nasdaq also down more than 1%. thank you very much still ahead texas congressman tony gonzalez, dr. frank contasessa, jasonby the 10 a.m. hour next. and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started. .. -hey there. -hey. -hi. hey there. how are you? i'm with disabled american veterans.

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