ashley: all right. earlier we asked you which year was january the 1st officially the start of the new year? there were your choices. i had no idea. i went for number two. guess what? the answer, number three, 45 bc. it was put into place by the way by roman dictator, julius caesar. and no, stu varney was not there to cover that event. there you are. as we leave you the markets moving higher. dow up 400 points. i've done my best. edward lawrence in for neil cavuto. edward: we'll see if we keep it going here. that is a pretty good number on the dow, thanks, ashley.

welcome to "coast to coast". i'm edward lawrence in for neil cavuto. you have mee for the rest of the year. a big program, travelers flying. >> the u.s. from china will need to show a negative covid test as the world grows wary of beijing data and rising cases. disorder on the southern border. new video shows suggestion suspected migrants attempting to break into a texas ranchers home. we'll bring you a live report from the epicenter of the border battle. a mess for southwest, the airline and its passengers reeling with another 2300 flights canceled today. people strand, luggage lost, workers overwhelmed. no hope of relief until next week. live from the luggage purgatories. president confirmed the

$1.7 trillion omnibus spending bill will be signed in the virgin islands. the president has signed into law $5.8 trillion worth of spending while in office. jackie hundred rick in st. croix, virgin islands watt latest from the administration. jacqui. >> reporter: white house taking a lap on 2022 that it is a very good year. even polling ep67% of americans say it was not a good year. that was down from 78% who said it was a bad near in 2020. 70% who called 2021 a bad year. 68% is not a great number for a president who says he intends to seek re-election. president biden wants people to remember the highlights. he tweeted out wrapping up one of the most productive legislative sessions in recent history with on or two or 65 final bills to sign. thanks to my friends in congress

making it possible. the president's team circulating what it sigh as biden's greatist hits. mike donnell sent out memo the president's improving approval rating, strong economy and support for president's agenda. saying it was not bad gop candidates for follow up from roe v. wade determined what happened in in the midterms, wok of democrat the not fully reported on or fully understood. yesterday the press secretary tweeted out can expect biden's biggest year in 2023. critics say though this is turning off republicans who the president will need to partner with when they take the house next session. >> i don't think people around the rest of the world can fathom, why we have, for example, open borders? why the, we have let this pandemic go on and on without searching for the truth. why we have people in leadership that are off vacationing when we have a transportation problem.

>> reporter: so all this work in the new year will not begin immediately. the president is on vacation here in the u.s. virgin islands through the new year. we know at some point he has got to sign the government spending bill. he plans to do it from st. croix. what we don't know how he is going to get it if he is going to sign it like a docusign, auto pen what they call it for legislation or if they will fly it down here. we're awaiting those details, edward. edward: has to be done by december 30th as you know, thanks, jacqui from st. croix. get reaction from tiana lowe from "the washington examiner" in dude yo. appreciate you coming down. start with southwest here, the political fallout, do you think the transpourtation secretary will face calls to resign over this, his delay, how long it took him to come out to start to dig into this issue? report. >> pete buttigieg he was mayor

of 299th largest city of america does not have a large history of this. he is pretty good politically punting this to southwest this is the case to be made southwest had antiquated technology to connect crew with planes. there is reason why amid all of this, even as the weather crisis is abating, there are empty planes and full sets of crew waiting in hotels. the blame is being put heavily on southwest. that doesn't change the fact this is not the first crisis that he has faced. we are what a year, full year out of what i think we can properly call the pandemic and these crises are still happening. edward: okay. >> there is no real solution, right? a lot of solutions involve adding more fees to the airlines. is there a case to be made when southwest is unable to reschedule a plate within 24 hours they should be made to pay which is something secretary buttigieg made in august? sure. does that solve the underlying

issue why this was allowed to happen, also faa shortages which contributed. edward: the president seems to stick with his people on this too. that is another reason pete buttigieg can feel cost in his job. second of all a lot of reaction to this. there is no proaction related to this? >> that is real i let big issue, right? they should have been prepared for these holidays. we already saw 4th of july weekend was a catastrophe in recent history in terms of how bad that was in compare is to pre-covid flights. the fact that you know, we did give these airlines tens of billions of dollars but democrats aren't going to say we should not bail out the airlines next time a crisis comes. there is something that biden, amtrak biden could point out, southwest historically lobbied against domestic high-speed rail which could provide an alternative. right now southwest is sticking their clients in buses to get them places because they can't fill up the planes.

but they are not really touching on that, right? next step, looks like what elizabeth warren is telegraphing is blocking the merger of spirit airlines and jetblue. is that really the solution? i don't know. but pete buttigieg it serves him. edward: i want to ask but the poll, fox news recent polling comes out. 23% of people feel like 2022 was a good year for the president. if you ask the administration it was a fantastic year. you heard jacqui heinrich lay out all the things president believe hes done. 23% say good year for americans. is the president out of the touch? >> the fact he is vacationing in the cared bean signing over $2 trillion of our money is the main issue. biden says inflation is abating. it is three times the benchmark what the fed wants. the federal reserve made very clearth not longer enabling this madness. can you take on an extra $10 in

debt when interest rates artificially kept at zero, when the fed is doing massive quantitative easing experiment? sure. that experiment is done. fed shrinking money supply 1% first time in modern history, right? interest rates almost at 5%. they are going to stay there the fed repredicts interest rates in the long term will be higher than they were any period of that last decade of quantitative easing. this means we can no longer foot the bill for this. they're sending a clear message, these multitrillion dollar omnibus packages have to stop. that is the only way to get inflation under control. biden is riding the wave of jerome powell's actions. he can make it seem like things were really bad. inflation hurts works class and he doesn't seem to take that signal from the fed seriously. we get another disgusting omnibus package.

edward: you talk about the spending 1.7 trillion, 5.8 trillion is what he signed into law. the green new deal was $7 trillion. was this a success for the democratic party and that agenda. >> absolutely. the overture window completely shifted, right? every time he gives an an inch let's say the inflation reduction act came with ridiculous spending more than we should ever give the irs, he says deficit reducing couple hundred billion over course after decade. that is not much but something. tax on the illegal student loan forgiveness plan which outdoes that and then some. edward: i want you to hear something. secretary pete buttigieg was talking about holiday travel. i want you to hear what he said about this, get your reaction on the other side. listen to this. we might not have that one. so basically, yeah, here it is.

listen to this. >> do you think this issue will be sorted in time for the holidays? >> i think it will get better by the holidays. we're really pressing the airlines to deliver better service. so many people have been delayed, been canceled, happened to me several times this summer. the fact is they need to be ready to service the tickets that they're selling. edward: that was september, 8th. think he regrets saying that? >> oh, definitely. i think, if you were in the vicinity of an airport during 4th of july, you have the palpable sense a lot of things in the economy, things are just not working. price signals are not working. unlike with almost anything else with an airline, right, once you purchase a ticket for a trip you mandated loyalty towards that airline. relying on them to reschedule flight unless you have excess liquidity to book with someone else to take the loss. that is something buttigieg is trying to tamp down on. if the airline can't fulfill

duty reliable for funding to allow people to rebook. communication ask not clear what that is. it is not consumer centered. it has been a publicity campaign which explains mayor pete is decamping to michigan a crucial swing state is visiting places more like he is running a presidential campaign than a transportation department. edward: we may hear more about that as we get closer to 2024. thanks for coming on set, i appreciate that i want to get into the nightmares continuing for southwest traveling president of southwest airlines pilots association telling me the airline just wasn't prepare for this. listen. >> completely uncalled for. you know, all the employees are out there doing everything we can. at the end of the day southwest wasn't prepared but unfortunately this has been a decade in the making. we have sounded alarm bells. we tried to get them to change

processes, combination of processes outdated technology and infrastructure. edward: southwest canceling an additional 2300 flights today, accounting more than 95% of all flight cancellations. lydia hu is looking into issues of these cancellations. could they continue right through new year's day, right? >> reporter: edward, you're right. it is expected we'll see widespread cancellations through the weekend. the chief commercial office of southwest is issuing a video apology. this is the second from the company. watch this. >> you know by now all the flexibility and planning that we put in place to deal with the storm just wasn't enough. so we've extended flexibility for self-service travel changes through january 2nd. >> reporter: as it becomes more clear that weather was not the cause of this travel meltdown, experts insist that the airline will have to change the way it operates in order to move forward. >> i think what they're going to have to do is obviously update their systems. southwest, whether they like to admit it or not is basically a

major airline without a major airline network. >> reporter: lawmakers are demanding accountability both from the department of transportation and secretary pete buttigieg as well as southwest airlines. >> i want to hear pete buttigieg say he is going to audit and figure out where the $7 billion went that southwest received from american taxpayers. >> reporter: now southwest not releasing information yet, edward, what it plans to do with flights for tomorrow. right now we actually see very few cancellations for the airline, for tomorrow, when as you know they have been canceling thousands of flights each day of this week. so we're keeping an eye on that. we'll bring you the very latest. edward. edward: this is a mess. it just doesn't seem like it is getting better. lydia, i appreciate it. illinois becoming the first state to completely eliminate cash bail. why one mayor in that state says this is a disaster in the making and he's here next.

♪. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back.

♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment

and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. as a business owner, m your bottom line is. c always top of mind.w, so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited.

only $30 a line per month. that means you could save hundreds a year over t-mobile, at&t and verizon. the fastest mobile service and major savings? can't argue with the facts. no wonder xfinity mobile is one of the fastest growing mobile services, now with over 5 million customers and counting. get in on the savings and switch today. edward: the white house announcing travelers from china

must show a negative covid test before getting on a plane as cases spike in china now. the rule goes into effect a week from today. fox news white house correspondent peter doocy is on the north lawn. peter, why wait? >> reporter: edward, the waiting is just cdc, that is when they decided this needs to go into effect but the reason they are doing this right now is because the public health officials here in the u.s. think that leaders in china have been misleading them. so the cdc says this, cdc is announcing this step to slow the spread of covid-19 in the united states during the surge in covid-19 cases in the peoples republic of china. given the lack of adequate and transparent epi -- pardon. epidemiological and viral genomic sequence data being reported from the prc. before the biden team took control during the 2020 primaries travel restrictions

like this were political. a day after president trump limited travel from china, biden's campaign tweeted we're in the midst of a crisis with the coronavirus. we need to lead the way with science, not donald trump's record of hysteria, sown phobia and fear-mongering. he is the worst person to lead our country through a global health emergency. now biden's turn to lead the world through a global health emergency. his team has been signaling they had their eyes on china foreweeks where these zero covid policies don't appear to be stopping the spread. >> watching this, again closely as we can in terms of, i think you were asking about economic impacts we're obviously tracking and monitoring whatever impacts u.s. companies and american consumers that could occur and any impact that various points of the critical supply chains

that we have head up. >> reporter: here at the white house officials never stopped covid testing, mandatory covid testing for many events and meetings but for many folks in the rest of the world a return to required testing may feel like a big step back in time. edward. edward: for airlines, yeah, as long as you got that word epidemiological, to try that a couple more times. [laughter]. >> reporter: don't make me do it again. edward: thanks, peter. switching gears to america's crime crisis illinois is set to become the first state to completely eliminate cash bail. orland park mayor joins me now. mayor we see the images from chicago, images from new york city, images from los angeles, these are major cities with easy on crime approach. if cashless bail applies to all towns in illinois, what will be the effect for the new year for

you guys? >> as we point out the effects of this could be very disasterous. as you recall when we pointed this out, mainstream media, ap, and "usa today" and others declared our comments false on this as did the governor with tens of millions of dollars of false advertising during his campaign saying people weren't telling the truth. since the election they actually put a sweeping change into the bill to address some of these issues. so it going to be not as bad as we feared but it is still going to be, still going to have problems and there are constitutional issues which yesterday a judge ruled that this whole law was unconstitutional. it will not go into effect as it looks like right now as of january 1st. edward: so when it does go into effect though, do you anticipate an increase in robberies then in smaller communities? i know you're a suburb of chicago but in the smaller communities do you think criminals will pivot quickly if it does about into effect?

>> i think it will cause problems for other communities. basically what they're doing, taking cook county soft on crime policies implementing it throughout the whole state. the state will see that problem. what you will have, you will have a state attorneys and judges in those counties a little more pack aggressive than, a lot more aggressive than cook county prosecuting crime. won't be as bad as cook count. it will increase crime significantly there are significant issues not be able to keep people who are violent held behind bars. edward: so close to chicago where you are, have you already seen some spillover from the problems they're having in chicago? >> well, chicago just like us as the same state's attorney in cook county. we've been living under these rules for a long time. we've been really dealing with this problem a long time. we managed to keep crime down in orland park but it is challenging, we see people coming from other communities, and from the city of chicago

into the suburbs to commit crime. i have never seen anything like it, i don't think anybody has, living in the suburbs. dealing with this six years under kim fox. this will spread to neighboring counties as well. edward: how are you protecting people who live and work in orland park, and if this goes into effect how will you be able to protect them? >> we've taken a proactive approach. we get people off the street before they commit crimes. we've been finding through traffic stops, other means, a lot of technology, we find criminals entering town before they commit another crime that kept them off the streets. another thing we do, we spend a lot of money on getting evidence and doing the evidence in-house or with a private lab so we get it back quickly. even cook county has to press charges. criminals know that. criminals know they will get caught when they're here. that keeps them from committing crimes when they're here and they go elsewhere. that is the approach we will continue to take and we'll continue to push for it. a lot of the things in the

safety bill, trespassing we were not allowed to remove someone from a property. they changed that about three weeks ago where it is still a tickettable offense. you can only ticket someone. if they continue to do what they were ticketed before they and be arrested. we can remove people from property, things like that. hopefully won't be as bad as we feared. still problematic for a lot of other counties that haven't had to deal with this the last six years. edward: last 30 seconds, mr. mayor, have you been frustrated with the arrests you made and prosecutions, what happened with that? >> we've been incredibly frustrated. we have a case going on we're trying to get taken to the federal courts because cook county won't prosecute it. we've been very frustrated. we use other means of the we use the federal court the where we can. department of justice. once in a while we manage to get people taken that. it is very frustrating. we obviously go public with it when it happens. put pressure on the state's

attorney to file charges. edward: mayor keith pekau, orland park, illinois a great suburb, great community. i've actually been there thank you for joining us. >> thank you very much for having me. edward: yeah. chaos at the southern border as migrant encounters exceed record highs and border agents plead with the biden administration for help. former acting i.c.e. director tom homan weighs in next. ♪. they're looking for you. who? who's looking? there is no time. they will kill you....but my daughter.

mama.

♪. edward: chaos playing out at our southern border as stunning new video shows suspected migrants trying to break into a texas

rancher's home. fox news correspondent matt finn is live from eagle pass, texas. matt, what is the latest there? >> reporter: well, since title 42 was extended over the past few days we have seen a consistent flow of migrants arriving here in eagle pass, texas. we also noticed the state of texas is bolstering its border here. we watched new razor wire being installed yesterday and today. really only couple hours ago. that razor wire going on top of cargo containers that were already here. governor greg abbott's office telling us this is part of texas improving and increasing physical deterrents along its border. it is also happening to the northwest in el paso where the national guard installed two miles of fencing along the border there. we have new video of yet another large, human smuggling bust. texas dps says 18 illegal

migrants including a child smuggled inside of a tractor-trailer. the driver was arrested for human smuggling. every day people from all over the country are coming here to the border, texas dps, everyday people to smuggle people, smuggle illegal migrants for some quick cash. new video from shortly before christmas believed to show one of mexico's powerful cartels handing out christmas gifts in guadalajara. mexican president telling mexicans they should not be manipulated by the cartel, urging them not to accept gifts. cartels and smugglers make staggering amounts of money they smuggle here into the united states. back to you. edward: we see the containers behind you. amazing texas had to step inn to do that thanks, matt. former i.c.e. correct h director, tom homan, are you surprised at numbers coming

across the border now and surprised texas had to take this step to do it themselves? >> no, i'm not surprised by any of it. you know i wrote an op-ed two years ago before the election. i said on foxnews.com that if joe biden came president we lose the border. that was based on what he was saying during the campaign and my experience. but look, we've had historic illegal immigration surge the first year of biden. the second year we beat those numbers by several hundred thousand. we're own a glide path to beat last year's numbers. this year at the current rate, it will blow last year's numbers away. i'm not surprised by the numbers. title, 42, it is important, gives border patrol some relief. we have to remember this administration has never taken title 42 seriously. they still released more people in the united states than they sent back on title 42. these folks south of the border, they're not going to wait. most will cross now. rather than turning themselves

into the border patrol, claim asylum, being released. they will be a gotaway. i'm not turning myself into the border patrol. i will be returned under title 42. i will try to get away. you will see the got away numbers climb. edward: cpb sources telling fox news the u.s. is averages more than 6800 encounters at the borderday, setting a record for most crossings in october, november, december. so why do you think president biden is ignoring this crisis? >> you know ran on an open bored. he, during his campaign he says he is going to stop i.c.e. detention, will shut down all the immigration detention facilities. he will put a moratorium on deportations. he is going to grant amnesty to those already here and those coming. he will grant daca. you want to give free health care to i will heel aliens. when you make those type of promises they will come. the most vulnerable people in

the world put themselves in the hands of criminal cartels come to greatest nation on earth, if they can come to the border be released, not be removed. they know this the secretary of homeland security on top of all the chaos, being in the country illegally on its own is not enough for i.c.e. to arrest you. what kind of message does that send? enter the country. release you. we will transport you at government expense to destination of choice. even if you lose case. you're just here illegally. i.c.e. will not remove you. that is why the numbers are climbing. this administration is not mismanagement, not incompetence, by design. the plan is coming together perfectly because the plan is open borders. edward: since october 1st customs agents reported more than 24 outs got-aways. these could be anybody, terrorists drug traffickers

murders. why is it this not a national security issue for the administration. >> this is national security issue for administration. i've been preaching this for months. they have arrested 117 people on the terrorist watch list, they arrested 117. we got since joe biden became president 1.2 million known got-aways on camera, on video. we know 1.2 got away. border patrol arrested people from 161 different countries. some of these countries are sponsors of terrorism. if people don't think a single one of that 1.2 million didn't come from the country that sponsors terrorism to do us harm they're ignore rant. i will say this over and over again. this is a national security issue of huge proportions. this administration is not taking action on that. i have said many times i don't care what your opinion is on illegal immigration but when you overwhelm of the border patrol where 80% of them are taken off the line to process that means the border is vulnerable to

fentanyl, vulnerable to criminals and gang members. but if i was a terrorist and i want to get into this country i won't apply for visa or plane ticket. too many database checks. you will be investigated and vetted. they may find out who you are. if you want to get into this country, no one knows who you are, go to the southwest border, cross the border of mexico like 1.2 million others did and get away. this is a huge national security issue. edward: that is scary. in the last 30 seconds, tom, i wanted to you ask in march of 2021 vice president kamala harris was named the border czar around tasked addressing root causes. she said it would take time. we are 21 months later. have we seen progress on the root causes? >> take 30 seconds to find out what the root causes are. all she has to walk down to the hall to the oval office. there you have it. edward: yeah. tom homan, thank you very much. insights obviously this is a story not going to go away.

appreciate it. thanks for joining us. >> have a good day. edward: coming up, tesla making up for yesterday's major losses after elon musk tells tesla workers not to pay attention to the markets. we'll dig into where the stock is headed after this. ♪. waiting. sometimes it's just inevitable. but if you're over 50 or live with a chronic condition, untreated covid could be deadly. got covid symptoms? get tested and get treated right away. it can't wait. ♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need

to bring out the innovator in you.

♪ edward: so when you pop open bubbly to ring in 2023 you can expect to fork over more cash for wine and champagne than in the past. the average price of champagne is now more than $55. the average price of wine is up to $13.70. that is because of raw materials and bottling and shipping are

way up. meanwhile elon musk is ringing in, urging his employees i should say to be quote, not boaterred by the stock market craziness. markets may be up overall today but twitter's stock overall is down almost 68% for the year. kingsview asset management cio, fox news contributor scott martin is here. scott, what do you make of elon musk telling his employees not to pay attention to the markets? >> i guess nothing to see here, edward. edward: yeah. >> seems a little glib, doesn't it? talking to employees who obviously have much less money than elon does, don't worry about the 60% downdraft in that section of your 401(k) in the company's stock, it's all good. look, he has to be a leader, he has to be encouraging, obviously have faith in the company and faith in the stock itself. i think as an employee there, i have faith in elon musk, we own tesla, buying it on the way down, we'll pick up more because

action is encouraging, in reality edward, one of those things a lot of reasons i believe the stock is down in the last 0 days as you pointed out because of elon's attitude. you feel a little bit torn because when you hear the message from him, because a lot of that is his influence in the stock so far. edward: you have it in your portfolio. a lot of people lost money betting against elon musk but i'm curious is twitter then you think too. of a distraction for him and this is the straw? >> i don't know it is the straw. we're long term investors in tesla. we handle downdrafts. i like stocks pull back significantly with a good business model, business plan, good balance sheet. i don't know if it is a straw but a distraction but harbinger of things come in the future with respect how elon is making his choices. certainly with respect to where tesla is with all the ev

companies, versus a slowing global economy, you have to figure at some point he has to refocus his purpose on tesla to kind of keep the company going or turn it back around because it is obviously suffering. edward: scott, let's broaden out, the market is up 269, 369 points. markets look six to nine months where they think the economy will be. what has this last month told but the state of the economy in 2023? >> it is fickle. there is a lot of way this is economy could go, edward. what is interesting to me the sentiment has totally turns, the sent moment on wall street. the recession, most predicted recession in history, big downdraft in the markets coming, layoffs, et cetera, to me that is one of those situations we had in the on side going into 2020, 2016, even 2008 there was not supposed to be a big housing crisis that eventually happened or bank failure. i like all the negative

sentiment here because it tells me a lot of folks probably already taken off positions. they have kind of handicapped their portfolios to expect this downpour here. therefore i think those are times typically the market actually rallies and recovers. that is what we're expecting next year. edward: today is up but the last two days were down. are you sitting on the sidelines with money then? or are you buying as these stocks are dipping? >> yes we have money on the sidelines. we've been raising cash most of the fall, most of summer we're starting to put additional toes in the water. we're seeing pull back as lot of stocks were meant to do. they do that in typical contractions or pullbacks. we're seeing some of that math work out where some stocks are on the cheap. we're fine picking them up here knowing they might go down a little bit further. long-term investors one, two, three years out we're happy with the entry point. edward: scott martin, thanks for

the viewpoints. maybe we'll look at markets going into next year. we'll see. students are supposed to celebrate academic achievements right? but that is not what a top virginia high school had in mind after this. ♪.

edward: a virginia high school is facing major backlash after parents claim the school system didn't notify their students of an important merit award. fox news correspondent david spunt is here. what award are we talking about, david, and why deny the students a chance to stand out? >> reporter: edward we're talking about becoming a national merit scholar, it's a big deal, quite an accomplishment. 1 1/2 million students enter the competition. about 50,000 qualified. that is 3 1/2%. we're talking about thomas jefferson high school for science and technology in alexandria, virginia, just outside of d.c., one of the top public schools in the country. our affiliate fox 5 in d.c., report as student was told he was among the nation's top 3% of students but parents were reportedly told that teachers

dropped off certificates unceremony newsily on students desks this year. some missed the desk to include the opportunity to include the fact they were merit scholars in college applications. >> the role of these educators to have children achieve full potential, not to limit their potential. that is what they have done. they have betrayed the trust of our community. they cannot be trusted. >> reporter: edward another parent reportedly claims when he confront ad school official he was told this was an in effort to not make other students who were not other national merit scholars feel bad about themselves. the school district in fairfax county, said delay in national merit scholarship commended to students was a one-time human error in the fall of 2022 only. once the issue regarding fall of 2022 notifications came to light, down losser certainty e-mails, made follow up calls to where students applied and talked about the national merit scholarship information.

to suggest a deliberate attempt would be inaccurate contrary to the values of the district. we'll investigate the problem and make sure students are notified in a timely manner going forward. edward? edward: we'll see what happens. thanks, david spunt, appreciate it from washington. joining me to react to all of this reaction america federation for children senior fellow, reason foundation senior fellow cory deangeles. we're talking here again about schools and the digs correct between administrators and students. what is going on? >> somewhere along the line to everybody gets a trophy to nobody gets a trophy. i think a lot of it has to do with the school must not feel much heat. must not feel like competition in the state of virginia. they have only seven charter schools with some regulations for opening a charter school. if we open up the floodgates with competition, allow families to choose schools best for their

kids maybe the schools would focus on academics and would not be so quick to hide the information when it comes to national merit scholarship award. look, that school also essentially is robbing many families and children of thousands of dollars of scholarships and potentially of a better future. edward: so how far is too far when talking about concerns for students feelings then? >> yeah. look, most families are concerned about how their kids are doing academically in school. they're not really concerned as much about their feelings or, what, this political stunt that is going on in the classroom as well. look, virginia's republicans in the house passed an education savings account last year which is the gold standard of school choice policy the governor is on board obviously, the lieutenant governor. if the, if the state can move forward in that direction, despite senate being held by

democrats this might inject more competition into the system. edward: yeah. my mom was a teacher, she would just say get it done. there are no feelings involved, you got to get it done. how do we untangle the agendas from education at this point or can we even untangle them? >> you can't really and the problem is that the one size fit all government school system is by definition not going to meet the needs of every individual family. what works well for one kid might not be the right match for another kid and families just differ how they want their kids raised and how they want their kids to be educated. the only way out of this mess through freedom as opposed to force to allow families to choose institutions that best align with their values t could be the a public school. if you like your public school, you can keep your public school. if not the money should follow the child to a private or charter school so all families get what they need out of the education system. edward: i want to get to some numbers here. you saw the report probably that the learning loss during the

pandemic could cost students $70,000 in lifetime earnings. is there a way to i can up that he had -- make up that education loss? >> yes there is. this is devastating losses up to 9% projected decrease in lifetime earnings which is a real loss to students. if we had competition throughout the entire pandemic we wouldn't have had as much school closures. look the teachers unions understood they could hold childrens education hostage to secure multiple mullpy billion dollar ransom payments for taxpayers t worked for them. they received $190 billion for so-called covid relief there is study by michael hartley, public schools in areas whether more catholic schools were more likely to reopen as well. if you look at nation's report card results, all public schools lost two decades of learning. catholic schools opened entire time didn't basically lose any

ground academically that would help as well. edward: want to jump in the last 30 seconds. the study looked at eighth graders. the learning loss could be significantly more from elementary schoolkids. that is where you get the foundation to read and write. did the younger kids lose out more, do you think? >> i would think yes younger grades would need more in person discussion to have learning happen. we shouldn't call it remote learning. it was remotely learning because kids were not learning that much of anything is specially younger kids. we have tons of evidence that the remote learning or zoom school was associated with more learning losses which is a tragedy. hopefully parents wake up and hold politicians accountable. edward: it really is. cory deangelis, thanks for joining us. stocks are rallying in the final days of 2022. what will 2023 look like? a heavyweight guest coming up on that next.

♪. - they get it. they know how it works. and more importantly, it works for them. - i don't have any anxiety about money anymore. - i don't have to worry about a mortgage payment every month. - it allowed me to live in my home and not have to make payments.

- linda, dinah, joanne, very different people, but they do have a couple of things in common. they love their home and they know their stuff. they all talked about the counseling they got so they knew how reverse mortgage worked and how it could be a real financial solution for their retirement. - [advertiser] if you are 62 or older and own your home, find out how you could access your home's equity to give you cash now and when you need it in the future. a reverse mortgage could put more money in your pocket by eliminating your monthly mortgage payments, paying off higher interest credit cards, and covering medical costs. - a person like me needed to get a reverse mortgage. it changed my life, it was the best thing i've ever done. - [tom selleck] really? - yes! without a doubt! - just like these folks, aag can show you how a reverse mortgage loan uses your built-up home equity to give you tax-free cash. they also know they can pay it back

whenever it works for 'em. - it's a good thing. - [advertiser] call right now to receive your free no obligation info kit. the kit will show you how you could get the cash you need using your home's equity as a reverse mortgage from aag. - call the number on your screen. - i've been with aag for quite a while now. i think they're the real deal. so look, why don't you get the facts, like these folks did, and see if a reverse mortgage could work for you? - [advertiser] call aag, the country's #1 reverse mortgage lender. - call the number on your screen.

wait... do you use singlecare? no, i have insurance. oh singlecare can actually beat your co-pay. singlecare can also beat the price of your medicare plan. you mean our medicare plan? damn you too much sun! check the singlecare price today!