♪ ashley: freddie mercury, midtown manhattan on tuesday, december 27th. it is 10:00 am eastern time. i am ashley webster. let's get straight to your money. we are down across the board, finishing higher last friday. the santa claus rally for the end of the year, not now, the dow, the s&p, the nasdaq down one and one third%. let's look at the 10 year treasury yield, that is up 6 basis points staying 3. 80 one% on one% on the 10 year treasury, look at oil, oil has been on the way up but still $80, $79.99 for crude, up another half%.

down $92, 16,754. now to politics. republican caucus and elect from new york george santos now admits to lying about his work experience and education when he was on the campaign trail during the midterms. david lee miller joins me now. take us through this. >> for the first time since the new york times they published allegations that he misrepresented his past george santos is speaking out in a couple interviews, he sounded apologetic and defiant, he told wabc radio and the media reaction was unfair. >> to get down to the nitty-gritty i am not a fraud. i am not a criminal who defrauded the country had made up of a fictitious character and ran for congress. >> in a separate interview he

did admit to lying about to getting a degree in 2010. he told the paper he graduated from any college, work for citigroup and goldman sachs and blames using, quote, a poor choice of words for creating the impression he worked the two financial firms and says another company he worked for had a business relationship with the two companies. >> i did extensive work with goldman sachs, i did extensive work with citigroup in my time nlp position just like i did with firms on the gp side of things. >> santos refuted the new york times reports that he had been charged with fraud using a stolen checkbook. he told the radio station the report was simply not true. >> i'm not a criminal, not here, not abroad, any jurisdiction have i ever

committed any crimes. >> reporter: despite admitting to resume embellishments, republican, sunlight santos says he is not going to step down and expect to take his seat in the next congress. worth noting a number of democrats calling for him to resign or be expelled from congress. ashley: not a surprise. let's bring in matt schlapp to talk about it. who on earth in their right mind in this day and age when everything can be checked would fudge the resume. should santos resign? what are your thoughts? >> we have precedent for this, elizabeth warren in the united states senate famously embellished her background of being a native american, president biden who ran for president in 1988 and embellished the fact that he got a scholarship to go to law school and finished at the top of his class and got awards,

turned out to be untrue and he had to quit the presidential race because he lied about his resume. lying about resumes was wrong with george santos to do that. it was smart of him to acknowledge the fact that he had these lies on the campaign trail but the question, in a republic like ours who makes the choice? is the voters who send them to congress with an 8 percentage point victory, some of this was swirling in his campaign, his democratic opponent question the outcome of the result or did the smart set up in dc and congress override the will of the voters? seems to me that people who believe in democracy should say we elect all kinds of people, the voters decide, he will be up for reelection in two years and the voters can recall him but that is the question, do voters decide? or do congress decide? ashley: we will move on from that. i want to get into this issue.

republican leaders urging their base to be less skeptical of early and mail in voting after losses during the midterms. they relied heavily on in person voting and you could argue it backfired. do you think this is a good strategy, more emphasis on early voting. >> i have done a lot of work in elections, so has my wife mercy, the fact is the democrat party is wired to succeed better when you ballot harvest, essentially vote for other people. republicans don't like that. they think it is immoral. we've got to follow these laws even in blue states to the hilt and we have to do what they do. we should be encouraging people to vote early because look what happened in arizona. if you went to election day always to vote when you have 30% of the machines in maricopa county, this happens when you

wait until election day, things come up like travel, or think you can't control. early voting there is a need for it and republicans need to have programs for bout harvesting early voting, everything democrats are doing or here is the problem, the republican party if it doesn't adapt, can it win at the national level? if it can't win we will see the country in the grips of socialism forever and ever. i will do whatever it takes to get as many people to vote against socialism as possible. ashley: fight fire with fire, thank you so much for joining us this morning, we appreciate it. a quick check of the markets again. we are moving lower, we finished slightly higher friday thinking may be the santa claus rally would be in effect, not so far. the nasdaq down 11/3, the s&p, down one quarter of one%. let's one 12:45%. let's bring in scott shelladdy.

we are in the final week of trading for this year. do we get a santa claus rally? does it mean anything at this point? >> i don't think it means anything. we could talk about it and it would be nice to see but earnings that slap us in the face and the beginning of january. i will say this. all the things that plague us this year none of them have been installed, russia ukraine, china taiwan, our inflation problem. everything is still on the table. we are walking into next year with a load of baggage, the biggest bag we have on our shoulders is that we have a discrepancy in jobs and i am watching jobs because that is the last thing to fall. if we get the bls, we've created 1.2 million jobs versus philly fed saying 10,000, that is a problem especially when you have the fed saying they have to see the 3.7% on one rate rise because that is what

they have to do to get this inflation issue down. johns hopkins said -- ashley: go ahead. >> if we want to get back to 2% inflation, we see the unemployment rate, 6.5% for 2 years, that is pretty ugly. ashley: that is very ugly. i want to get to this issue. i want to get your thoughts on it. a farmer says ongoing food shortages and rising labor costs could make 2023 even worse than this year. this is the quote she gave, stephanie nash says i definitely think we have a food security threat. 2023 will be rough, worse than this year, we have a supply chain shortage, increase food prices at the grocery store. pretty grim outlook. what do you say? >> she meets a lot of good

points. look at this, this is the most extensive when we talk about inputs we are putting the ground ever. if we put something in the ground in the spring and the fed is successful at killing the economy because they want to kill inflation, what is the price of a gallon of gas if customers have more money? what about corn if your customers have no money? that is something the farmers are concerned about. of the fed is successful with hitting demand with the hammer they have been given, at the same time they put the most expensive crop ever in the ground, that is something i think -- to put it bluntly, when we put something in the ground, you need to see prices come harvest to make sure the farmers stay solvent but if the farmers are walking into an economy where the fed has beaten it up so bad to get in front of inflation that is a problem.

ashley: that is a grim outlook. it hopefully won't be that bad. scott shelladdy, thanks for those brilliant words. now this. amazon has officially started making deliveries in two cities. in california, college station texas, a customer can now order a package through their prime air service. a drone will fly through their backyard low enough to drop the package and fly away. amazon representatives say the goal is to have packages over 5 pounds being delivered in 60 minutes or less. it was a dark christmas, vandals took out substations leaving thousands without power, the details on that, kevin maccarthy facing an uphill battle to become house

speaker, congressman matt gaetz throws his support behind congressman jim jordan. we will talk to congressman jason chaffetz about that in our next our. title 42 could end as early as today, allowing an estimated 420,000 migrants into the us every month. the president doesn't seem to care much. he's taking much needed time off in st. croix. jackie heinrich will have that report next. ♪ thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support.

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ashley: look at fees markets. the dow is actually flat, the s&p down half of one% of the dow down 130 points. very muted stock to the last trading week of the year. now this. there were 16,000 migrant encounters at the southern border just over the christmas weekend, 14,000 of those were released into the united states. jackie heinrich with a tough assignment in the us virgin islands where president biden is spending the new year's holiday. has the administration commented at all on those border numbers? >> reporter: they have not. they have commented on some of the border crossers being sent up to the vp's residence for her to get a taste of what it feels like in the southern border cities, they weren't happy about it. we might get a court order

today on when title 42 could be lifted. in the meantime it does remain in place indefinitely but the biden administration does not appear to be using it. customs and border protection sources tell us there were 16,476 total encounters at the southwest border of which only 2,000 one hundred 50 were expelled under title 42. 14,326 migrants were released into the us and dhs says we could be seeing 15,000 border crossers per day of title 42 is lifted. it has prompted texas governor greg apter sent a few dozen to the vp's dc, the naval observatory, white house official expressed outrage saying governor abbott abandoned children on the side of the road in below freezing temperatures on christmas eve without coordinating with federal or local authorities, this was a cool, dangerous can machine for a stunt. as we repeatedly said we are

willing to work with anyone, republican or democrat like on real solutions with these political games accomplish nothing and only put lives in danger but republicans say the democrats and the white house are not interested in border security. >> the biden administration and most democrats who don't see this as anything but a win. they are seeing this as successor the border. every person you talked with, the biden administration doesn't see this as a problem. talk to the president, he says there are other problems we have. >> reporter: the white house says when title 42 is lifted they will go back to the standard immigration statute title viii, but they have not produced a plan about how they plan to manage the coming surge which they have been promising us for weeks and acknowledge they will need more time to put together. they claim the supreme court unwound the complex multiagency and foreign policy efforts they had underway to manage the surge.

the president will land in st. croix where he will remain until the new year while the courts determine what is going to happen at the southern border. ashley: thank you very much, congressman tony gonzalez, republican from texas joins us now. title 42 could expire as soon as today, democrats as we just heard from jackie blasting governor abbott for sending those migrants to vp harris's home but is in their policy that led to this crisis? she is supposed to be the borders are. what has she done? >> thank you for having me on and yes, these policies are what we are seeing now. there has been, the only numbers that are decreasing have been because of the weather, it was below freezing temperatures in el paso. that caused the numbers to go

down, nothing to do with their policies, policies remain flawed, it will be unheard of. -of. we will see 2023 worse off than 2,022. one of the things that happened in el paso over the weekend was the city council approved an extension of the declaration of emergency, they extended it to january 17th so we are not out of the woods yet. ashley: what i find it disingenuous is the white house responding to the migrants being taken to the vp's home but it was a threat to human life. i would argue that they have blood on their hands for enabling this mass migration, giving migrants the belief that they can just waltz into the united states, very dangerous journey, they are being taken advantage of. the only people winning this are the cartels. i don't know how they can say

that with a straight face but republicans putting these lives at risk. >> that's one of the frustrating part of it is the only time you get a response out of the administration is when they pick and choose a story to complain about. in el paso, the city of el paso's bussing migrants to all parts of the country not because they want to, not because they are trying to make a political point but because they have to and in the state of texas it is no different, the reason is we are sending people because our communities cannot hold them. whether that is the vice president's residence or anywhere else, bottom line is the only way this gets fixed is if congress works with the administration to come up with a solution but the it ministration needs to start by enforcing the laws already on the books, you do away with title 42 and you will see the floodgates come wide-open. another thing the city of el paso is pushing for, pushing to use an army base in el paso, terrible idea because once the

army gets involved in the migrant crisis it won't get out of it. ashley: very quickly, el paso city council calling on the president to come and visit the border. i don't see that happening is what it make a difference anyway? >> i think it would make a difference. it would show that it is come to the attention of the white house and would be an honest dialogue. this is the other thing. once you see it you can't and see it. i'm happy to host the president, to set anything up. i am sure others would do the same but the administration has to do something otherwise you will see 2,023 be worse than 2022. ashley: that is saying something. we appreciate it. now this. vaccine hesitancy on the rise following the pandemic but now

is causing cases for chickenpox and measles to rise. the latest twitter file dump reveals the white house encouraged the social media giant to suppress covid content even if it was from medical professionals. doctor frank contassessa will take that on next. ♪ then i got the dexcom g6. i just glance at my phone, and there's my glucose number. wow. my a1c has dropped over 2 points to 7.2. that's a huge victory.

ashley: let's look at these markets, the dow is up a quarter of one%, the s&p 12:45%, the s&p down 1/10 of 1%, the nasdaq also down 12:45%. let's look at the other movers, the casinos are surging after news that china is dropping covid restrictions. let's take a look at peloton. they are for a program that offers refurbished bikes at a discount, they are offering $500 off the used bikes compared to the price of a new one, not doing much for the stock down 3 quarters of 1%. look at ibm, a good year for

the company, they beat their large tech competitors, ibm up today as well standing at $142 a share. tesla has suspended production edits shanghai plant as covid cases spread to the company. there is just one day before planned 8 day production halt anyway. the temporary pause comes after a recent slowdown in demand for the cars. that production will resume monday, january 2nd. starting january 8th china will stop requiring inbound travelers to quarantine. shows a major step in the country easing restrictions, they have an mostly lockdown since 2020. china's management of covid will be downgraded to category b from the current top level category and so some progress being made. the latest twitter file dump

reveals the trump and biden administration tried to suppress views on social media related to covid 19 contradicting the mixed messaging from biden's white house. watch this. >> we are in regular touch with social media platforms, those engagements typically happen to members of the senior staff and members of our covid 19 team. >> we were not involved. we were not involved. ashley: not involved. doctor frank contaseessa, the dumping of these files suggest otherwise. >> great to be with you today. this has been a troubling aspect of how covid has been handled by the government and by social media. i myself have been suspended on youtube a couple times for medical misinformation when i said i was against mandates.

i never said people couldn't or shouldn't get vaccinated. i said it should be up to the individual. i think back to galileo when he said that the earth is not the center of the universe and was thrown in jail for it. science never worked that way. science is supposed to be a discussion, you're supposed to be able to ask questions from the beginning of this pandemic, i was open-minded from the beginning, i listened to what everybody told me but then i looked at data and what was happening on the street around me and in my own practice and i asked questions and i think it is troubling the way the big tech and the government handled it. neil: i wanted to move on to this. the restrictions have been used in china. now we are seeing a surge in cases. are you worried about another strain making its way to the united states? >> it will always be a new strain whether it comes from

china or wherever it comes from. that is the way these things work, coronavirus's evolve quickly. i used this example before. the reason we don't have a qr or vaccination for the coming covid is they are caused by coronavirus's and coronavirus's evolve quickly. it is impossible to keep up with them. there will always be a new strain but the way viruses evolve the strains tend to become less verlyn to meeting they cause less and less severe disease, it will come to the point covid is just a cold and you will get it, get sick for a few days and get better. ashley: next one for you. this is interesting and perhaps disturbing, vaccine hesitancy is on the rise following the pandemic. now is causing cases of chickenpox and measles to rise. more than 80 kids infected with measles near columbus, ohio, 29 of them in the hospital. what do you say to patients to become hesitant about vaccines?

>> this is a tough one and i do see that. i see that whether it is the newer covid boosters, the flu shot but even more troubling for childhood vaccination. the traditional vaccines, measles, mumps, rubella, polio, which are preventing serious illnesses, these vaccines have been around for decades, safety profiles are fantastic, there was an attitude vaccines were causing autism which by and large has been disproven. but building on that, the politicization of vaccines during covid, mistrust of public health has led a lot of parents, double the amount of parents are hesitant to give their children routine childhood vaccines that have been around a long time. when i talk about an upper respiratory infection, talking about paralysis, potential

heart damage, illnesses, we need to combat that, and rebuild the faith in public health. ashley: flu cases, i understand they are finally starting to fall across the country after brutal and early start to the season. are we out of the woods or could we see a resurgence? >> we are seeing that decrease and we typically see this sort of cycle in the seasons. this year the flu peaked early so typically we don't see the peak we are seeing now until january or february but we saw it in november, october, november, the fact that we are on the downside of that slope is good news, doesn't mean we can't have another spike but the second spike tends to be less severe so it is good news. are we out of the woods? maybe but if we see a second spike it is not as bad.

ashley: is the flu shot effective this year? it's always a crapshoot when we get the right one to be? >> as far as flu shots go it is reasonably good match. it could be as low as 10%. this year is looking a little better. ashley: we will have to leave it there. i got mine so so far so good. thank you so much. appreciate your time this morning. this is an interesting story. listen up, the grocery chain recalling all products with sweet p leaves and crabgrass over a possible salmonella contamination. recalled items were sold in stores in north carolina, new york, massachusetts, pennsylvania, new jersey, virginia and maryland. officials daresay there have been no reports of illnesses related to this recalled but if you have any of the items do not use them, return them for a

full refund. still ahead, southwest airlines called it a tough day. an understatement to. after their system meltdown, thousands stranded at the airport. also, a former ftx investor lost more than $1 million during his collapse. that's not topping him from investing in crypto. we will speak to that investor next. ♪

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in 12 months on golo. golo and the release has been phenomenal in my life. it's all natural. it's not something that gives you the jitters. it makes you go through your days with energy, and you're not tired anymore, and your anxiety, everything is gone. it's definitely worth trying. it is an amazing product. ashley: let's look at these markets, last trading week of the year.

the dow up one third of one%, the s&p slightly lower, the nasdaq off 70 points. generally muted. now this. southwest airlines stranding many travelers at airports across the country. lydia joins me now. many people looking to get home after the holidays. is this going to get resolved today? >> unfortunately no, it is not. this is going to take days or the rest of the week. southwest's ceo, bob jordan, saying the airline will operate on a little more than 1/3 of the scheduled flights for the next few days, possibly for the rest of the week. more than 70% of southwest flights were canceled yesterday and you see the cancellations are continuing into today. we saw 2500 flights canceled,

63% of the airline's scheduled flights. if you look at all of the flights that are canceled today into or out of the united states or within the united states, southwest makes up 87% of canceled flights. many airlines were impacted by this winter storm but southwest was particularly hit. the us department of transportation is criticizing southwest saying the rate of canceled flights is unacceptable and the department is launching an investigation into whether these cancellations were controllable. adding criticism is the union that represents the airline's flight attendants. they have 15,000 employees and they are blaming, quote, years of neglect, securing and implementing technology they say the result, thousands of crewmembers stranded across the country, some forced to sleep in hotels without power or water and far too many working

long hours passed acceptable duty days. yesterday the airline issued an apology and said in a statement the cancellations are unacceptable. also going to work with all travelers who were impacted about sorting out new travel plans but this is going to take days into the latter part of the week. some passengers saying they can't get another flight until this weekend. ashley: what a nightmare. staying on the airlines ftx founder sam bank's doorman-fried was seen relaxing in the american airlines lounge at jfk airport before he flew his parents home in california business class. he was released on $250 million bond late next week. he will stay in california as he awaits travel. the disgraced crypto ceo is expected to be back in court in january as he faces federal

fraud charges. get this. pharma breaux martin skreli offering advice suggesting the crypto founder shade office flare and deepen his voice to fit what he calls the testosterone filled masculine place. he suggested he brush up on rap music and learn everything there is to know about gangs in tough neighborhoods across the us. those are the kind of tips that will frighten sam bankman-fried. my next guest is a crypto investor who lost $1.3 million during the ftx collapse. calvin, thank you for talking to us. how confident are you that you can recover your money? >> thanks for having me.

actually i have written off my losses on the book. chance of having my money is nearly 0. maybe some analysts are saying having a haircut of 10% or 20%, the situation is several years according to the bankruptcy offer or other governments platform in 2013 or 15. that money is going to be 0. ashley: i am impressed, you lost all this money but you are still investing. why? >> because in the long term, bitcoin or crypto, it is a good

technology, zooming up the chart in 2010 or 2009, even bitcoin has already, down from the top, 69 in the last year, already 50% but if you look at the price in 2010 or 2009, around 1000, or 10,000% return. for the long-term, this event dropped out of the prices, a lot from 201k down to 15 k but this is a chance for crypto investor to find the dip and have a chance to invest. so whenever the market is in bear market, there's lots of rumors and fear and doubt out there but there's a good chance to find it.

ashley: i admire your faith. you haven't been shaken. good luck in getting back some of that money and thanks for joining us, we wish you the best of luck, thank you very much. i want to get onto this story. a tax on power grid surging to a new high, washington state, the lights went dark on christmas day for 14,000 people, they lost power, vandals took out four power substations, police have not arrested any suspects. service has been restored. this year alone there have been more than one hundred incidents of computerized assaults on electrical equipment. what is going on? that number does not include the shooting of two duke energy substations in north carolina that knocked out power for 45,000 residents. it is a growing problem. some school districts are considering mask mandate again

for students when they come back from winter break. we will tell you where this is happening. the president of america's second largest teachers union is thanking the former education official for saying she led the way in reopening schools but wasn't it randy weingarten who kept schools closed? erika donald's is fired up about this and she will take it all on next. ♪ cold coming on? zicam is the number one cold shortening brand! highly recommend it! zifans love zicam's unique zinc formula. it shortens colds! zicam. zinc that cold!

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ashley: let's look at these markets. the dow slightly higher, the s&p and the nasdaq moving slightly lower on the last trading week of 2022. look at the 10 year treasury yield. that's on the rise, up 7 basis points at 3.9%. take a look at this. president of the american federation of teachers randy weingarten is thanking a former

education official after she said credited her for, quote, leading the way in reopening schools after the pandemic. erica donalds joins me. weingarten is the one who fought to keep kids masked up. taken on. >> absolutely. the teachers union trying to rewrite history as they are trying to do in our textbooks and classrooms but we are not going to let them. we know that randy weingarten was a key player in keeping schools close to. her own union, calling it misogynistic and racist. and validating the false narrative when we here in florida did so safely well before the rest of the country. ashley: i want you to look at these headlines. more school districts considering mask mandates for

students following the winter break. new jersey has officially reinstated the mandate in their schools and do kids need to be masked up again? what do you say? >> absolutely not. this is to the horror of many parents around the country, parents do not want their kids in masks. we've sped -- we have said time and again election results prove parents do not want this, the democrats in the blue states are not getting the picture, sounds like more new jerseyans will be moving to florida once again. ashley: we know the impact of what this has on kids. not only the remote learning is a disaster but wearing masks is not a good thing for children in the classroom, right? >> they have 0 data to support this move. it is it is for choose signaling at its finest, it is not based on the science. we saw masking did not work and

covid is little more than a cold right now. are we going to mask kids forever, will they be masked during flu season every year? this is ridiculous and parents should revolt. ashley: 2,022 was the year of parents taking back control of the classroom agenda. what do you see or what do you want to happen next year. >> i don't see it as taking it back from teachers. i see it as taking it back from the politicians, the activists in the teachers union who are trying to indoctrinate our kids through the classroom. there are many great teachers who want to simply teach reading, writing and arithmetic and parents are standing up for those teachers and their own rights to know what is going on in the classroom. we have seen parents win lawsuits across the country when information is kept from them about their own children and we will see more parents be courageous. courage is contagious.

more parents across the country are running for school boards, running for state officers, standing up to the woke mob and getting them out of the classrooms once and for all but what they really want to school choice, they need to vote, we need a free market in education and that is what parents need to be demanding. ashley: power to the parents, wonderful thing. jason chaffetz, thank you. and retail guy gerald storch, 11 am hour of "varney and company" is next. ♪

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>> that's one of the main that i thinks with protection going into the new year. >> the biden administration created a situation looking at a quarter million illegals crossing the border every month and that's before the title 42 is lifted. >> i think it is clear that the government was tilting the scales of public debate, but using twitter as a vehicle, a trojan horse tdo