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edward: stuck in a moment or stuck at the airport. this is the case for hundreds of thousands of stranded travelers caught in southwest airlines flightmayor as the airline cancels 2500 flights. katie burn is at philadelphia international airport. our flights there? >> reporter: major us airlines rebounding from the winter storms southwest is still catching up. look where things stand today, 67% of southwest flights are disrupted so far, 2500 fully canceled.

it is a slight improvement from yesterday but not by much. yesterday southwest accounted for 85% of the 3000 flights canceled in the us and the situation isn't expectedhis we southwest saying it will reduce its flying schedule operating only 1/3 of its roots through friday so crews can get back into position and catch up. the mess started with a winter storm that hit before christmas but some say the airline is using outdated logistical software creating issues with staffing. missing luggage, we've seen scenes like this across the country. some passengers at philly international say even when re-booking flights they are getting canceled days out. >> i'm very worried and upset, they told us because of weather issues they were canceled and they rebook my ticket they gave for tomorrow and that ticket is already canceled.

>> reporter: the feds are looking into this and the growing number of lawmakers on capitol hill say investigations will be coming in the new year. edward: thanks, appreciate that. the biden administration is vowing to hold airlines accountable for these mass cancellations. peter doocy digs deeper into the administration's response. >> reporter: you heard there might be congressional investigations into this, people who are stranded right now hoping the government may be able to bail them out and help them get where they are trying to go our out of luck. the feds are signaling there's nothing they can do to help these stranded flyers. southwest's ceo admits their systems are a problem. >> our plan is to fly a reduced schedule and reposition our people in planes, we are making headway and we are optimistic to be back on track before next

week. we have some real work to do in making this right. >> reporter: the house judiciary committee tried to call the transportation secretary tweeting where is secretary pete? secretary buttigieg wrote i'm on capitol hill not far from your offices, we will get results from passengers using our authorities and resources as an agency after calling policies that would deepen those resources can please be specific. i welcome the dialogue. that's an encapsulation of this crisis. there is no exchange of ideas happening, just a look at punishment for southwest eventually. >> everybody understands there's extreme weather across the country but most airlines saw their performance start to improve, southwest has moved in the other direction. passengers are stranded, we have passengers who can't get a hold of customer service.

it is an acceptable situation. >> reporter: president biden's flight was delayed by 2 and a half hours but that was because he wanted to leave 2 and a half hours later. we don't expect air force one to bring them back to washington until new year. until then he will be in the us virgin islands. edward: he doesn't have to line up and i'll a, i'll be, or i'll see. energy prices dropping and oil prices are extending losses, the price futures group analyst and fox news contributor phil flynn joins me now. you predict china reopening will send oil back to one hundred dollars a barrel but with surging covid cases could china change their mind and lockdown again and slow that down? >> i don't think so. the genie is out of the bottle. china actually knows the impact of their china total lockdown. the people won't take it anymore. they want to get the pain over

with. that means people will get infected. it could impact travel. we are hearing from the united states if they could restrict travel to and from china, possibility, japan has already taken measures. in in the big picture the thing we know is the reopening is happening. they can't go back and it will mean more demand. maybe not right away but it will happen shortly. edward: oil prices down slightly, the white house is pointing out falling gas prices happening the past few months but today that reversed. a gallon of gasoline rose $0.03, to $3.13 a gallon according to aaa. falling gas prices helped inflation fall. what happens to inflation if you are right about the price of oil and it turns around? >> its back, just when you thought it was safe to go to the gas tank, it will start coming back up and this will be a challenge for the federal reserve.

the biden administration took a lot of steps to artificially lower prices by releasing oil from the strategic petroleum reserve but that game is over. we released all the oil they said they were going to and that means we will face a market that is undersupplied so when you get into the new year you will see a situation where those prices will move back up and this could happen even with the slowing economy. you have prices too loafer too long, they will step back and be up to the market to determine how high. edward: on that point, even if you see oil prices coming down a little bit we can see gas prices rise because that artificial release from the strategic petroleum reserve is finished. >> absolutely correct and dead to that, the lack of refining capacity in the united states, we are cutting it close when it comes to demand and when we get

summertime travelers back on the road, they will see a big spike so $4 a gallon is not far off in our future. edward: when you talk investments, no investments in any infrastructure basically, fossil fuels, in the united states. what happens a year from now because of what is happening now? >> i think you will see one of the biggest supply shortages versus demand we've seen in decades. we have under invested and we have to turn the corner today and i think right now, with the new republicans in congress there will be a back lash against the regulations that have been restricting investment into the us oil and gas sector. edward: russian president vladimir putin announced he will ban oil sales to countries that abide by our price. will that make a difference?

>> i think it would make a huge difference. russia is one of the biggest producers in the world. the market today seems to be downplaying it because there's a lot of time and ambiguity but this is the biggest gain of oil price chicken i have seen in a long time. you have buyers saying we won't pay anything above $60 a music the seller is saying we won't sell it to you if you take part in this price and when it comes down to when you need those barrels of oil, i bet the person that has the, oddity that is in demand will have power over the person to buy it. edward: cutting off russian oil money, it is not working yet because china, south africa and india continue to buy russian oil. >> right. at the end of the day, oil is going to get out. has there been some disruption of supplies?

has their revenue been hurt? a little bit. that will be short term solution. the bottom line is when demand exceeds supply, russia is going to hold all the cards or at least all the barrels. and use them as they see fit. edward: a strange balancing act for the president. you wants to make sure russia gets no money from oil sales but on the other hand he needs russian oil on the market to keep the price down. >> exactly and that is why this price scheme the administration is pushing is probably going to backfire. one thing i want, when prices start to go up a price will not work because it will restrict supply and i am afraid that is where we are headed with this price . edward: phil flynn, the best in the if he's in a winter wonderland today. still had, thousands of migrants make their way to the us over the holiday weekend

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edward: the supreme court may have halted the termination of title 42 but both sides of the aisle calling on the white house for plan once title 42 is gone. congressional correspondent aishah hasnie live in washington on what lawmakers want to see next. >> reporter: i spoke with texas democrat representative henry cuellar who is reacting to the republican criticism he is getting over the fact that there was not enough border funding and that $1.7 trillion omnibus. the chrysostom he is getting her passing, him and his democrat colleagues for passing this giant omnibus bill that

got approved last week, listen to what he said. >> and homeland, there's more money, added under donald trump and i would like to make that emphasis. i would like to sit down and work out a consensus with other democrats, other republicans to try to come up with a consensus but first thing you got to do is come to the table. >> the congressman did admit the crisis at the border is worse today under president biden than it was under the former president. and that government funding bill, $60 billion for homeland security which is a 3 billion-dollar upgrade from last year but not keeping up with inflation and on top of that only from of that money we see $60 million going towards hiring cbp officers while a whopping $800 million is used for sheltering migrants. that's a $650 million jump from

last year. the representative told me he would have liked to see more border funding. you wants to work together with republican switchers congresswoman claudia tenney blasting this. >> alexandria ocasio cortez, long no vote on the democratic side on these omnibus, big ugly, as i call it, and she voted against it because we had the audacity to put some money, a nominal amount into helping the border crisis. only for nominal use, not to rebuild the wall create more agents. >> reporter: at the white house they are blaming republicans in congress for not passing immigration reform. the congressman told me that is an unfair assessment because the administration does have the power to change policy on the border today if it wanted to. edward: astounding, we do some math over here, 92% more for

shelter than agents. let's bring in republican governor of arkansas asa hutchinson. do you think there needs to be a new long-term solution? should title 42 remain in place? this is untenable. >> title 42 should remain in place until there is a long-term solution provided by congress and this administration. the supreme court is taking the border crisis more seriously than the biden administration. they made clear that we are not going to lift title 42 yet, we are going to have arguments on this, the biden administer and in congress, time to act in what has to be done, there has to be replacement for title 42 because eventually it will have to go away, the public health emergency will end. we have to have a replacement

for that. we have to have clarity on the policy, put resources there, we have to engage mexico. part of it is the cartel challenge we face. these are simple things that have to be done. i say simple, anytime you try to get something through congress it is challenging but we have to work on it. the administration has to take responsibility and lead with a replacement for title 42 because this is a serious humanitarian crisis. edward: yours is not a border state but it has been affected by migrants which has there been support from the federal government? >> the answer is no and the biggest impact is the fentanyl that is coming in, killing hundreds of arkansans, tens of thousands of americans and we have to be able to address the

security along the border because it impacts every state. when you are looking at immigrants that come in, they are released and go to every state in the country, that is a challenge. it is also a humanitarian crisis we have to address. the biggest problem, this administration is not clear on its policy, not taking border security seriously. the result is endangering tens of thousands of immigrants that are trying to come in every day across a dangerous border. we have to secure that. it impacts us. edward: you said you would look at a decision on whether to run at the end of this year. is a time to get into the presidential race? >> i think that timeline is more likely through the first quarter of next year.

right now we have one candidate on the republican side, donald trump. people need to understand there will be alternatives. i know there are others looking at it as well. we've got time to work with, but we've got to make sure we provide alternatives to the future of the republican party as well as an alternative to the failed policies of president biden. >> donald trump has a lot of support at announced plans to run but do you feel there needs to be an alternative to republicans? he is a divisive figure inside and outside the republican party. how would you handle bringing everyone together? >> you described it perfectly. he's a divisive figure. we can divide our country on policies, let's not do it just because we want to pick a fight. that is what is wrong with a

trump candidacy and i think there's a growing number of the republican base that wants an alternative. a lot of good things have been done in the past but we have to have a fresh start for our party. we have to have a new option for 2024 or we will be yielding the presidency once again to president biden or to a democrat. that is going to be the challenge we face. i want everybody to be debating what is the best policy? what are the best ideas for the future? america is a great country and we want to make sure we can unite behind those policies that show america's greatness and goodness at the same time. edward: let's move on to tiktok, you and dating governors band the social media apps on state devices. what made you make the decision and what would you tell parents?

>> we made that decision based on the intelligence information from the fbi and homeland security. there is a risk in terms of security of the data. as a state wanted to make clear, we are not going to jeopardize our data, our citizens data with connections to that apps, tiktok. obviously millions of private users use tiktok, not the prerogative of the government to say it is disallowed at this point but that was a step that was appropriate for government to say we are not going to have access to that, state employees aren't. we want to make that clear. in terms of parents, thing about that. if there is dance moves, not sure that the national security issue but don't want to have children's data, all sorts of data being vulnerable to a

government that's not friendly to us, which is china. liz: thank you for joining us, thank you for your time. coming up, tesla doing well today but it has been a rough 2,022 for elon musk's ev company. we will dig in to where things stand with musk as he takes over google on censorship in terms. llion different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠.

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edward: elon musk taking a swipe at google saying the tech giant, quote, frequenting make links disappear. the plot thickens. kelly o'grady joined me, you're getting ready for show in 90 minutes but you know all things elon musk. what is he talking about? >> everyone watching the claimant countdown, i will be

filling in for lose. this comes from the twitter files and everything we learned, this was in response to one of the most recent drops by independent journalist matt ta taibbi, it wasn't just water, facebook, google specifically, it is not just twitter. you have all these company's not only engaging in censorship but in some cases working with the government. we haven't seen specific evidence beyond what was going on at twitter but it opens up the question is, is it going to stop at twitter or are we looking at all these social media platforms in a short time when republicans take the house? edward: where does this go? lawmakers are ready to look into this. >> we see representative jim jordan saying we will go after big tech. with everything coming from the twitter files. what is interesting, these companies are free enterprises.

you and i sign a user agreement, i certainly haven't read every word, but the company does have the right to take things down. what you will see is they will try to come at this with certain executives that may have made specific decisions and whatnot but what you are seeing is pushing for transparency, more of what is going on and what can users expect when they are going on these platforms that they trust. edward: we will see you in 90 minutes. get ready for that show. tesla having a strong showing today but a rough 2022 with shares falling 67% this year and 70% from the all-time high in november of 2021. let's bring back mitch rachelle, where things, all

things elon musk are going. would you want to buy the dip on tesla stock? >> no and i am a big fan of elon musk's. i think as a fellow entrepreneur, not of his scale or skill, i think there are few like him. he's a massively great figure, promoter, brinker together of resources, visionary, and what he has done with twitter is brave, putting your money where your life is, as few in human history have done. there is a brilliant piece in the wall street journal by holman jenkins looking at the price and situation of tesla and unfortunately, no. i can admire, i think the world of the guy and say i wouldn't buy it. edward: don't sell your entrepreneurial -- i see the fish on the wall.

elon says he wants to find a ceo for twitter. can he step away? does he need to step away from twitter for the sake of tesla? >> he probably needs to step away from a lot of those companies and be a chairman of the board, not a chief operating officer. i don't think it is in his dna. if you look at tesla and its history, it was a revolving door of individuals who couldn't keep up with the frenetic pace of the founder of the company. may be easier said than done. shareholders at tesla would love to see him step back from twitter a little bit but him finding somebody who can do things his way may be a challenge. edward: people betting against elon failed miserably. is this a bump in the road for elon musk? or is this what people are talking about?

>> i think he brings it on himself. he takes on short sellers or at least used to quite a bit until he started stocking up in washington. he is frying bigger fish. the reality is as dave said in the previous segment, electric vehicles are not so unique, tesla is morphing into ordinary automobile company and that is going to be a hard thing to navigate. it reminds me of when apple computers became democratized and ubiquitous and apple morphed from being a desktop into something different, tesla has to do the same thing. edward: where are you on talking about evs in general. are you putting money or would

you put money into evs and where are you looking? there might be a stretch or is it gm or ford? what are you looking at? >> first of all, the level of support provided by government policy is complete. there's nothing else in the economy, maybe healthcare in some fashion where there is such complete government involvement and specific policy supporting valuation levels. they are by no means insured that they will go forward and god knows we don't have the electricity supply at the moment to fulfill those needs. i certainly don't like the up and comers, i would be looking

at one of the great engineering, production and logistics companies like gm or volkswagen or toyota who can do it at scale. edward: caution going forward, great conversation, thank you for your time. illinois ending cash bail in 2023. former mayoral candidate curtiss ellen on what this means for the already rising crime next. ♪ ♪ i got into debt in college and, no matter how much i paid, it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi. get a personal loan with no fees, low fixed rates, and borrow up to $100k. sofi. get your money right.

did you know it's kitten season? right now, thousands of kittens are in shelters across the nation and they're in need of love and care. if you foster a kitten, you'll be giving them the chance to grow up and find families of their very own. visit bestfriends.org/kittens (meow) edward: illinois has a change coming in 2023. the state is getting rid of its cash bail policy and going with cashless bail.

many fear that will fuel a major crime surge. joining me as someone who knows a lot about crime and the solutions for it. guardian angel founder curtis sliwa, someone commit a crime and ends up back on the street, will that happen in new york or illinois when the state makes that move on january 1st? >> most synonymous with new york city but my home away from home is chicago. i spent my first five years there. i went to springfield and aurora and peoria and rockford and those are secondary cities and they will be devastated. what you're going to see his continued ask otis out of the land of england -- lincoln. out of illinois to florida, georgia, south carolina, north carolina where you have a second amendment, where people can defend themselves come a they are not permitted to do that in illinois. it gives criminals who are

committing enormous crime in illinois, especially shia town, the murder and crime capital of america more of a license to steal and not helping the people. edward: we saw smash and grab crimes in chicago, stories governor stores of closed because of crime and move to neighborhoods that need those stores, grocery stores in new york locking up shampoo. how does this crime trend end? >> it is a noncontact sport in illinois and new york, years ago if you tried to loot or shoplift you would have to deal with a cop with a night stick to give you wouldn't shampoo and if necessary a pump shotgun because if you looted they would shoot, now they won't do any of that. that is why we look to florida, desantis, that is a strong governor, not only freedom land but rumor when hurricane ida

was coming in, he warned looters if you loot we shoot, we are a second amendment state. that's the difference between the northern states and the southern states it's obvious in the crime stats and the exodus that takes place in illinois south of the border. edward: looters took advantage of the storms in buffalo. watch what the mayor of buffalo had to say. >> people who are out looting when people are losing their lives in this harsh winter storm is absolutely reprehensible. i don't know how these people can live with themselves, look at themselves in the mirror. they are the lowest of the low. edward: i want your reaction to looters taking advantage of the deadly storm. >> could have been predicted. they were stealing snowmobiles and going up and down the side

streets that police cars and fire engines couldn't gain access to. i blame governor hochul. they knew thursday that storm was going to hit them solidly friday at 12 noon and there could be potential looting and shooting, she didn't call out the national guard, didn't show up in her own hometown of buffalo until sunday at 5:00 when it was too late. on one side of the street emergency crew those -- emergency service crews, extra painting people who perished in the cold of their homes and on the other side guys who hit the liquor stores, jewelry stores and even the family dollar store. how low can it go? your looting the family dollar store and no ramifications. the mayor said it was a bad thing they did but he didn't order the cops into the streets with a double-barreled shotgun. he didn't do what desantis in florida said, if you loot we shoot, that's the only way to stop it.

law-abiding people going to move south of the mason-dixon line and the criminals will come to illinois and new york because they have a license to steal, rape, murder, rob, and there are no ramifications and no cash bail. edward: thank you for your time, your enthusiasm, i appreciate it. homelessness in los angeles, well behind schedule and over budget despite one. $2 billion in housing approval in 2016 so fox news correspondent william loginess joins us. >> there are 40,000 living on the streets of la, the worst in the country by far. 6 years ago, give us one billion dollars to solve a problem, didn't happen. why? instead of building shelters in low-cost areas the city wanted nice apartments, pharmacies and mass transit. voters, taxpayers and the

homeless paid the price. >> we've done everything wrong we could do to address homelessness. >> reporter: in 2016 voters approved $1 billion for los angeles to build 10,000 housing units for the homeless. six years later the city's 8,000 short and the units they have built are ridiculously expensive. >> when units are costing $600,000 of door your never going to have enough public money to create as many units as you need. some of them estimated to cost one million dollars a door. that is utterly un-accessible. >> reporter: case in .140 proposed a permit in venice cost one. $2 million per unit. a nearby apartment building said taxpayers back $640,000 per unit, $668,000 for 45 studio apartments each the size of a single car garage.

by comparison, and average house in the us is four times larger and costs half as much. >> focus on housing a few with extensive housing, the many, the thousands on the street without a shelter to go to. >> reporter: andy bales blames politicians for focusing on housing instead of shelter. >> you cannot take four years to build something people need today. >> reporter: why are these projects so expensive? land, bureaucracy, years of approvals to break ground and developers are required to pay union wages raising the cost, the new mayor says no more. he will prioritize getting homeless into hotels and motels first. back to you. edward: the cost of living just staggering. coming up a new study showing how much the pandemic school closures could cost kids

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edward: a new study shows the cost of school closures during the covid 19 pandemic could be $70,000 in lifetime earnings, new test scores show the damage of remote learning to a generation of kids. lydia investigating the impact. >> reporter: this study by the stanford economist shows the collective learning loss could cost the country 28 trillion over the rest of the century. the study is based on declines in scores on eighth grade national math tests which found to 8 -- point decline, there's a correlation between the policies that force children to stay at home and the largest drop in math test scores in 30 years. the study highlights how some states suffered losses like

oklahoma, delaware and west virginia. students in idaho, alabama and alaska showed the smallest declines. other studies found learning losses lead to lower graduation rates. higher rates of arrest and incarceration an overall lower skilled and less productive adults who earn less money in their lives. some are asking what is being done to reverse the learning loss, schools received $190 billion in pandemic a but there's concern because less then 15% of those funds have been spent by the school districts. edward: that is staggering. jointly -- joining me is the scholarship -- congress passed 3 aid packages amounting to $190 billion. why are students still being left behind? >> because the system is fundamentally flawed.

to add insult to injury i don't want to point this out but before the pandemic we only had 1/3 of third graders and eighth graders reading at grade level, the score back is 2012, the council on foreign relations set our education system is a national security problem. this problem has been coming along for a long time, covid pulled back the curtain and showed everyone how bad it is. it's not a problem of money but a flawed system. we fund a system, we don't fund the children. parents looking at their children in a school that is failing have no power. if they don't have resources to put their child and other school they are stuck in a failing system and the bureaucracy that runs in a government run school has no incentive to respond to parents because parents can't go anywhere else so they keep doing the same thing and expecting different results and we all know that is the definition.

edward: i know that. what happens to the call for summer school programs for kids to catch up. we heard that out of the administration. >> the system is not designed or run for the benefit of the children. we saw that during the pandemic, it is for the convenience of the adults that schools were close. the catholic schools and most of the independent schools in new york city which charter $6500 tuition and it cost $30,000 per student to educate the new york city school system or higher than that but these schools because they have the incentive people are not going to pay tuition to go to a school that is closed. they opened up in 2021 and if the catholic system wasn't dependent on its own it is the highest performing system in the nation because they are open and learning and there's another thing. it is a school of choice. parents are choosing to send their children there. it is bigger than school

choice, it should be education freedom. this is a time, this is serious, a very serious thing, 2 thirds of your kids who can't read and do math at grade level how does that look for the future of america, this isn't a joke. edward: what do you tell parents who are worried their child might be losing ground? >> i would say to any parent, whether you are in a state where you have school choice or not, florida is a state with the most robust school choice in the country, close to $8000 will follow your child to a school of your choice or arizona where they have universal school choice. i would tell a parent look what is happening in those states. people are moving there. maybe it's enough if you have enough kids to move to a place where you can have school choice and if you are not in a state like that look at alternatives. they are new things opening up all the time. we have close to 4 million kids homeschooled, that's phenomenal. parents have taken it into

their own hands. that doesn't mean you are the only teacher. there are micro schools, people congregating together, using their resources to put together something that works for their child, kids need tutoring, they need help catching up and that is not going to happen in the current system as far as i can see. edward: thanks for your help in this is a debate that is going to continue. your voice is important. a quick check of the markets on the way out, markets off their lows. more covid worries, backup and the 10 year treasury yield putting pressure on stocks, there's a lot of red on the screen, not as bad as it has been but we are headed back that direction. we are back in just a second. ♪ ♪

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