>> a bit ago 1957 just to be different. 1954. >> wrong. again i have to litigate. >> armistice day celebrated in world war i president eisenhower signed the bill to change it on all veterans. in england november the 11th is still armistice day in a ceremony in central london on november the 11th, et cetera. the king and the queen goes in world war i. >> i learned something today and very proud. >> you learn a lot on the show really, really really do we have ten seconds left of the show this is how i ended, that is it regrettably for "varney & company" but "coast to coast" an excellent program starts now. >> thank you for the plug, i appreciate that coming up on

cavuto "coast to coast", cleanup in california, san francisco and the governor polishing the streets of san francisco with the big meeting between president biden and chinese president xi that has small businesses there asking what took so long, what about us we're going to show you what's happening like this our plus another downgrade for the u.s. economy moody's lowering the nation's outlook to negative siding the quote for their under very large deficits will be director rest boat is here to break it all down for us. chicago is so bad right now that the migrants want out with some opting to return to venezuela rather than remain in the windy city. a busy hour, welcome to cavuto "coast to coast". i am david asman in for nuke neil cavuto.

striking back with deadly force new airstrikes on iranian backed forces in syria. killing several fighters, the operation adding to fears of a wider mideast conflict joining me retired navy seal mics to rally part of the navy's joint special operations command part of global terrorism operations we will ask mike about that in a minute, did the strike last week, we had a couple of strikes on warehouses and people like mike pompeo in general jack keane said was not sufficient, what about the strikes. >> this is the third strike of all the strikes against iranian titrating facilities or weapon depots we understand the general comments, with the administration there trying to make sure that they don't employ minority inflammatory situation. his delicate and complex. nobody wants his work to extend beyond israel and hamas at the time. it was an indirect means of telling iran to back off.

in saudi arabia hosting a lot of the partners additionally is playing both sides of not trying to align with israel and also making sure that iran does not escalate the war beyond the territory. >> israel's war on hamas in gaza it is a very tricky situation where there now dealing with hospitals on tunnels underneath and obviously hamas has been using the population there as a shield for their own activities for quite a while. how close despite all of this is israel achieving their goal of wiping out hamas and gaza. >> this is good to be along conflict urban warfare known as military operation is prolonged with the tunnel system that makes it more complex what is significant you have all the pro-palestinian protest going

on, hamas is using their own civilians as targets and with each bond the israel drops to remove hamas operatives from the battlefield there putting civilians at risk, this is going to be complex and long until to enter 40 hostages are released. that's what the protest should be about release the hostages immediately, come to the negotiation table and figure out what stability looks in that region until hamas does that the situation is awkward get better and the risks of it excavating beyond israel and hamas daily. david: with secretary of state blinken talking about redlines for israel that he should not cross. he was in tokyo speaking about this, let me roll the tape and get your reaction. >> the only way to ensure that this crisis never happens again is to begin setting the condition for the security enter frame or diplomatic efforts now with that in mind. the united states believes key

elements should include no forcible displacement of palestinians from gaza, not now, not after the war. no use of gaza as a platform for terrorism or other violent attacks, no reoccupation of gaza after the conflict ends. no attempt to blockade or besieged gaza no reduction in the territory of gaza we must also ensure no terrorist threats can intimate from the west bank. >> most of the redlines were for our ally israel what about redlines for our enemy, specifically for iran no specifically for iran is. >> it's almost tone deaf and we lost a little credibility with redlines that americans panicked as we go back to president obama in 2014 that painted a redline with president assad with regards to chemical weapons president assad used chemical weapons we did nothing. iran should be the focus they

are the cancer in the region and that's what we should be focused on. i would say ultimately we have to back israel and people are losing sight despite the long hatred and history of the two parties, october 7 forced israel's hands until the georgia 40 hostages are released israel is in the right it is tragic and distinction is one of the pillars of the war it's hard to distinguish in such a densely populated area between hamas which is in plainclothes and the palestinian citizens that live there, complex, is really is doing everything in their power to make sure that the protecting as many civilian lives of the palestinians as possible. david: let's face it redlines should be focused on our enemy not necessarily on our friends at a time of war, good to see you and thank you for your

service, very good to have you here with us. treasury secretary janet yellen is hosting a session with apex finance ministers right now i had of an anticipated meeting between president biden and chinese president xi and san francisco but before then california officials have a major cleanup operation underway to clear the city streets of any signs of being a doom loop, have you heard that phrase edward lawrence is live in san francisco with the very latest, how does the cleanup look. >> it is miraculous the streets are extremely clean i'll tell you where i am on the edge of union square shopping district but a lot of the stores look like this one and it's close down and a lot of them have gone home because of the hopelessness in the crime and scared away customers. a very different scene authorities cleared out all the homeless in this area cleaned all the graffiti, pushed all the criminals away all the 21 world leaders will descend on san

francisco, treasury secretary janet yellen has been here since last thursday in the meeting with the chinese leadership on the way up to the meeting between president xi and president biden. as we speak she's open the day long ministers meeting focused on the global economic outlet, secretary yellen setting the tone on what to expect out of a biden president xi meeting. >> we seek a healthier economic relationship with china that benefits both countries overtime when we have concerns about specific economic practices such as those that prevent american firms and workers from competing on a leveling playing field and will communicate them more directly. >> the white house a president biden tried to find a way to get along with the chinese and manage competition. we've heard nothing about standing up to the chinese and that's a problem for former members of the administration, the pastor administration.

>> i think the biggest thing will biden be tough on him we haven't seen them take a tough stance anywhere around the world and there's no greater opportunity or more important one than china. >> president biden comes from san francisco tomorrow the meeting with president xi is on wednesday in the bay area will have to see what comes out of it. >> enjoy your time in the clean san francisco. in the task of a neutral candidate lee zeldin, great to see you. i have no problems to talking to anybody. if you could talk to civilized fashion but are we coming to this meeting from a position of strength or weakness? >> it's hard to say we would come from strength we need to have confidence that the president is going to be effectively achieving outcomes related to fentanyl, taiwan,

artificial intelligence, ukraine, israel whatever will come up at the table that president biden is going to be tough on president xi we can't sit here today and said they were confident and that we will see the outcome that we would set as goals that we sit here and talk about it. >> it's hard to look at biden in a meeting after all that we discovered about his family families dealings with china some might be compromising to the president is out of concern that the american should have at this point? >> that should be a really big concern this is something that should've been vetted out of very long time ago thankfully with the good work of the house republicans we're learning more as they conduct their oversight. the biden family received funding from the cefc money that was paid to a shell company controlled by hunter biden, the money was distributed to a shell company controlled by james and

sarah biden, they did not cut personal checks as the cuts to themselves was personal cuts to joe biden himself and then they slap on a label of calling it alone and they say everything is okay. this is something that a lot of biden family members have received funding from it is something that the american public deserves answers to and president biden says he's running for reelection and this is something that is important in the context of vetting this candidate that wants another four-year term. david: i want to switch over to domestic concerns. they are actually in favor of hamas and certainly they can be construed even by a member of congress. >> how would you balance the

right to free speech in america and what's happening in our cities and campus. the grand central station whether the transportation hubs of the nation was set down shut down once again by the demonstrators last friday night. >> free speech goes to a certain point when you are showing up at grand central and kicking down doors, when you're on a college campus in preventing students from being able to get from the dorm to a classroom in their held hostages we saw in cooper union inside one of the buildings, there is no right to free speech and jessica must to rest and engage in a rhetoric of a hamas terrorist and then you are physically confronting jews, you're targeting jews and confronting them and pushing them around as we saw what took place at harvard, fortunately many of these incidents are caught on camera so we can see

the videos in the pictures of themselves when you're causing destruction and property damage you cannot hide behind the protection of a first amendment right to free speech this is been frequently across this country crossing the line. if i was the governor of the state of new york or any governor right now i would be withholding a taxpayer dollar to some of the educational campuses where the jewish students are being targeted i believe the national guard should be called out to make sure that we're protecting the jewish new yorkers who were unable to get from point a to point b there are tools of government that are being used and should be immediate moral clarity around the college campuses to crackdown in their own ranks were pushing this. >> i have to ask you very quickly we had an election last week for the first time in 50 years that the bronx selected a

city councilwoman from the republican party. our cities around the country beginning to realize that some of the policies have been applied for the past 20 years and democratic cities are not working. >> yes i was on the ground in the bronx leading up to the election the new city councilwoman in the bronx was winning the race amongst the coalition of republicans and democrats and independents set up by the direction of the city and concerned about out-of-control migrant crisis the quality of education in the schools safety on the streets, affordability. this is an issue instead of new york city and other cities across the country i would encourage conservatives to do a better job getting into the cities many of the longtime democratic voters are waiting with open arms to hear our message that we have to show up and work hard for. david: good to see you, thank you very much for being here. let's take a look at the market

there is good news the dow is recovering from today's earlier bosses after moody's cuts its u.s. outlook, the dow is in positive territory, the s&p and the nasdaq have slight losses all of the while lawmakers are scrambling to avoid a government shutdown. we will begin all of that right after this. ♪ las vegas grand prix choose t-mobile for business for 5g solutions.

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the only plans of their kind with the aarp name. so set yourself and your future self up with an aarp medicare supplement plan from unitedhealthcare. smart now, really smart later. david: markets are trying to recover from the earlier losses as moody cut the outlook let's get to read from former white house omb director russ vought. u.s. debts continue to mount biden is continuing to put a new spending program and is trying to sell the treasury $4.8 trillion of new borrowing how are they going to sell the debt in the market because the fed is not buying as much as they used to of the debt. >> to have it increasingly hard time we sell reports of the m&a

from some of the options that were occurring last week and we get the news on friday with regard to moody recognizing many of us have for some time that the fiscal situation is profoundly deteriorating and look and three years we've gone from three to $50 billion in interest cost per year when we left office in the trap of initiation to hide what we were trying to get a handle to $700 billion in approaching a trillion dollars in the next year that's totally uncontrollable and you will see rates rise after you but you have to get a higher yield to get people willing to buy. david: if it does go to the trigon dollar level which is certainly possible that will be much more within our entire defense department it is dangerous as this world is to be spending that much money the servicing get more than we do spending on our defenses that

is, no. >> you are 100% right we spend upwards of a hundred billion dollars, $850 billion. we are right in the moment of turning a future talking point into a present reality. i heard about the doom loop with the events in california we are in the doom loop with the biden administration continued reckless spending and inability to do anything other than put the responsibility on the fed to get a handle on it. david: what is a republican congress to do right now we have a new speaker, the majority is about as slim as you can possibly get right now. they're trying to hold back new spending by putting in provisos that the spending to increasing running to israel and ukraine will be offset by cuts elsewhere like the new irs super sizing program that biden wants, will that be successful in will we

have another shutdown. >> i don't think were good to see you shutdown this week but i think they put forward a bad way to handle where they are in the appropriation process right now the answer is not to continue to fund the status quo all the biden's woke and weaponize bureaucracy, that said there's a lot of ways to move forward even with the slim majority they show that earlier in the year with a $5 trillion in spending cuts with the same majority. if they're willing to lean into the conflict with the biden administration they can have serious results that begin to make progress but they can't do it by preserving a machine that is built to spend money in washington, d.c. the only way that you break up the machine is to have conflict with the biden administration of the big spenders. david: they balance the budget once in my lifetime and i remember a republican congress working with the democrat

president. it can be done but that machine looks on stock unstoppable. russ vought, thank you for being here. house speaker mike johnson is already facing internal opposition from hard right republicans over his new two-step plan to over a government shutdown congressional correspondent chad pergram joining us live on capitol hill with the details. >> good afternoon this is the first big challenge for house speaker mike johnson he is trying a two-step approach to renew government funding through january that buys time to approve one batch of spending bills and the rest by february some senate democrats are open to the effort. >> i don't like the laddered cr approach it looks gimmicky to me but i'm open to what the house is talking about at the moment with reasonable people in the senate and that's where most of the reasonable people are these days have to make sure were not making the perfect enemy of the good. >> a senior senate democratic

leaders said he moved toward the democrats position but the top democrat on the house appropriations committee said she was bewildered by johnson's approach, ironically this is still an interim spending bill that is precisely what got former house speaker kevin mccarthy canned in october. >> this is what god supposedly got kevin mccarthy kicked out of the speaker. i support the continuing resolution i think we are where we are and i support the speaker and his plan and i think you get democrat votes, is basically a clean cr. >> there is skepticism among republicans at least three house conservatives are opposed, chip roy, warren davidson and marjorie taylor greene it is about the math, johnson has little room for error. >> i think there's a honeymoon. i'm not sure how long it lasts

maybe 30 days with what's going on on the floor i think indicates the honeymoon might be shorter than we thought and every time this cr expires the speakers putting his hands in line. >> johnson could hit the floor tomorrow the bill must get through the world committee it's unclear how much goodwill johnson have from colleagues. >> the party is just beginning, thank you very much we appreciate it and new study wording newark's policies may drastically raise costs for families across the state it is really happening although the country we will speak to the refining chairman john catsimatidis right after the break ♪ ♪ (adventurous music) ♪

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>> i am suspending my campaign. i think the voters who are the most remarkable people on the planet have been really clear and are telling me not now tim. i don't think that they're saying no but i do think that there saying not now. good or respect the voters i'm going to hold on and keep working hard and look forward to the other opportunity. >> he is a real gentleman senator tim scott shocking support after his pulling the plug on his presidential campaign in south carolina republican struggle to gain traction after the primary with more money than any other candidate. gop donor john catsimatidis is here with more details. thank you for being here. i have to read something from the dnc i hesitate because it's so snarky vacated, it was a real gentleman, there was not much to remember about tim scott sad

campaign that led millions of dollars on fire and did not make it to iowa we will not miss him but we know his constituents must be glad to know there's one less excuse for the senator to miss another vote. i know politics aren't being bad, i note donald trump can be snarky but this is a party to bring people together and that is the way that they responded. >> that is horrible tim scott was in my office about two weeks ago. he's a very decent individual and very decent individual and the republicans and i think i might've said to him i think is qualified for the number two spot and maybe it's not his time to run for president but the number two spot qualification on the scale of one to ten, ten. david: if there is a one term president whether it's donald trump, let's face it he is the top runner for the republicans, tim scott could run in 28.

>> very qualified to be ran for vice president in the ticket one he would be the number one spot for 2028. >> i want to bring a local this is happening all over the country governor hochul from new york has a new policy of electrifying getting rid of natural gas not only for stoves but he as well she wants to change the whole configuration of the city in the state, what would happen the enormously expensive not only for businesses but also for consumers who are stretched thin as it is, do you think this will go anywhere her electrification. >> is the ste stupidest proposin real estate is in deep crap right now it is in deep crap because of interest-rate. the interest-rate and they put tthe real estate industry in a problem the banks are scared for their own existence and i was

interested this morning i just sent to ubs has announced that they think interest-rate may drop by 275 basis points in 2024. do you want to change from gas to electric, it is crazy but do it over a long-term period of time, 20 years or 30 years the same thing with wind energy. david: the point is we have electrical grids, all over the country there stretched out in your in the energy business, you know how stretched our great system is if we go all electric quickly, where are we going to get the energy from we cannot get it from solar and wind. >> it does not exist, washington is trying to put the automobile companies out of business. the loss for the last quarter for ford was $4 billion of electric vehicles. you know what the thing is they are 200 days behind trying to

sell electric cars. the chairman of toyota said it right i'm going to make electric cars, hybrid cars, diesel cars, gas cars let the customer decide to force it down people's throats, washington is wrong. david: another crisis that you see all of the city of america is a migrant crisis. there are so many of the sanctuary cities like new york who have all of the programs to pay for free food, free housing, free medical cost, education ended new york it cost $30000 per kid to educate a kid and now the new migrants that's an extra 3 - $4 billion. >> let me tell you the number they came out you might not have said that is costing the american people a half a trillion dollars already, a half a trillion dollars that we don't have and then they have to pay a trillion on the half a trillion

year borrowing this is out of control the border crisis is a crisis. i believe in immigration and i said that all the long and bill clinton he believes in immigration. david: i married an immigrant who came here. >> me to. >> i am an immigrant. >> people who come here for w work. >> just like ellis island remember ellis island you check people in and you check for diseases and skills in defeating a 10000 carpenter said, then 10000 carpenters if you need 10000 computer programmers comic-con huanan but don't take any terrorist, don't take drug dealers and that's what were doing. immigration yes but checks and balances even more important. david: john catsimatidis, thank you for being here. marvel is not so marvelous anymore another disney movie

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>> you took everything for me now i'm returning the favor. >> have you seen that before the looks familiar that's why people of superhero fatigue the marbles posted the worst opening weekend

ever for any mcu film kelly o'grady has a very latest i don't mean to be such a downer sometimes i like these things but it does seem familiar. >> it does is raising questions about marbles vision on the company's vision and that's been disney's strength and pulled in 47 million domestically opening weekend back appears to 153 million for the 2019 predecessor in using disney have other flops within the past year many robbing viewers the wrong way over progressive themes. another big reason why this did not do well there is too much content. marvel film used to be an event and on the earnings call bob iger acknowledge that disney is producing too much. >> were looking and working to consolidate, make less and focus more in quality and feel good

about the direction that were headed but i mindful that her performance from a quality perspective wasn't really up to the standards we set for ourselves. >> doubling down has necessitated content to scriber's beneficial franchise driven means a lot more marvel tv and movies in the company digging deeper for characters that they don't recognize it the same problem with star wars i worked at the company when we acquired star wars when i was at disney and there was concern of oversaturation and you see that country for which an the fact that the stag strike ended on thursday it was the first superhero movie were actors were not able to promote it you have swift days still showing up for her concert tour maybe disney cast during the next marvel

movie. david: i forgot you worked at disney and kinsey company. were lucky to have you now. disney spent $270 million making this movie has the old way of doing things run its course, wealth strategist luke boyd joins me. >> what is disney doing wrong is it the content, what they're trying to distribute, what is the deal. >> is not just superhero fatigue its content in general people are exhausted from consuming information we are addicted to instant gratification. two or three decades ago people enjoy the anticipation of waiting for content to come out i remember growing up my parents watched survivor every wednesday at 8:00 p.m. or desperate housewives every sunday. i feel like that structure does not exist we get so bored so easily in today's world because we have 70 options because we don't need to wait, streaming

and social media has reprogrammed our minds for the instant gratification and a lot of companies welding on the idea that is called the binge model. david: not be pushed back a little bit there is some content and we don't get bored of everything including faith in you had a phenomena of this incredible movie called sound of freedom which is produced by this company angel studios also the series on jesus, it cost them $14.5 million to make sound of freedom to drop in the bucket for a big studio in the end up as of now the box office receipts are $217 million for sound of freedom. that is 1400% return on investment. there is still content the people are not born of right? >> that is exactly right people are bored of the same thing over and over again, frankly let's

take a look back at the old days with older content i don't like most shows or movies because it's the same story over and over again just in different ways, the original story is always the best story so sound of freedom is something new and different, disney forgot who they were and they continue down this woke agenda path that is getting them in trouble because they don't know the brand because they don't know who they are anymore. >> the studio that came out came out with another one a couple of weeks ago, the same thing happen, also by the way a way of connecting, streaming and pay it forward program with the ticket sales, the market is a wonderful place and it devises new mechanism with old models get stuck. i think they may be onto something but hollywood is stuck in its ways i don't see them changing anytime soon. good to see you. a quick last point, button it

up. >> they are, the economy is changing % interest rate from 2008 to 2020, those copies like disney who try to make the new growth areas and drivers of growth that did not execute the could get them cells in trouble, that's one business perspective we have to keep in mind. david: we love you, thank you so much we appreciate you being here. investors with key retail earnings given us a better gauge of what consumers are buying capital advisor per polio manager david wagoner joins me now, great to see you, thinking for being here. i want to combine two stories we are covering one is the retail sales numbers that are coming out and what you expect but the other is a dead issue, not only as a government spending way more than they have but consumers are doing the same thing the consumer debt is over $1 trillion, how does the debt situation play into the retail future. >> is going to play a part if

you look from an absolute number perspective were getting above the 1 trillion number like you mentioned but i think you have to look at it more on a relative level to the net wealth and personal income coming in and the consumer doesn't look horrible in that type of situation. if you look at the u.s. household net wealth over the ten years has gone temper that higher that wasn't what he 13 if you compare that to pre: clear 30% higher than what you were back them the consumer in my mind is pretty healthy but will get a lot more narrative your target earnings walmart, retail sales number on wednesday which is going to give us a lot of information regarding the effect of the student repayment coming back last month and its effect on retail spending especially in the larger ticket items. >> while most consumers are spending with aquatic cards you look at the credit card interest rates right now they go up to

29% for some of the cars they average at 25%. if i am a consumer and i'm strapped to pay for my debt that i have on my credit card just to put food on the table, and a focus on the food instead of the stuff that i buy for christmas. >> i think you're absolutely correct that's my biggest worry in aspect to that you look at retail sales data it does not tell you what people are buying you have to infer from a lot of company data they continue to see the people are not spending on big-ticket items but if you look at companies like walmart you see a lot more spending with positive same-store sales growth and target. there spending on the staples aspect of what they need to survive from the basics perspective. with those in actions with this inflationary environment. david: we will be watching the big numbers rolled out on

tuesday, i appreciate you being here, let's check in with jackie deangelis in "the big money show" to see what they have coming up. jackie: good afternoon movies is downgrading the u.s. outlook as the biggest competitor is coming here to visit the market might run, we will tell you why in iran may be using crypto to find thomas how this could spell more trouble ahead and jimmy failla will be stopping by but first were "coast to coast" after this. tin is in our home, our office, our cars, and even our phones. eloro resources game changing discovery at the world class silver-tin property could be one of the largest operations in the world. eloro resources.

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>> chicago is so bad that migrants want out some opting to return to venezuela then enter the windy city, chicago reporter william kelly joining us now, great to see you. there are a lot of problems in chicago not just whether it is a crime, i spent a bad winter in chicago it's one of the worst winters that was after spending four years in vermont when i was in college, i can only imagine if you're from venezuela. >> got blushing, welcome to the people's republic of chicago. as a lifelong chicago when someone you love chicago with all my heart and somebody told me five years ago the venezuelan

migrant would be turning up their noses in chicago i would've thought it was a joke i never would've believed in a million years, the one-two punch of mayor johnson has made chicago unlivable even for chicagoans, you chicagoans that are moving obviously out-of-state in the real danger is somebody millions upon millions of taxpayer dollars have been misspent on migrants now that vulnerable chicagoans the homeless and elderly will be especially hard hit with the upcoming chicago winter i'm currently doing a report called migrant anchor where were exposing mayor johnson's friends migrant vendors another taking millions upon millions of dollars in getting filthy rich off the backs of the migrant

crisis. >> that is incredible that may focus on that a little bit. correct me if i'm wrong but i believe it's in sanctuary city until the policy of providing for the migrant to come in just like we have a newer, food, shelter, medical care, education and that is not cheap that all adds up in the years in a middleman that is taking stuff off the top and comes directly from taxpayers. >> to the extreme this is crony capitalism at its worst. what is happening it is not a business at the migrant money shell game in mayor johnson is never run a business he was a part-time teacher before he became mayor traveled to washington, d.c. and demanded $5 billion for chicago or big-city mayors from president

biden. he wants the money but somehow the money is not getting to the migrants because of the migrant managers and reporter william j kelly.com were coming out with new stories all the time it's really discouraging we love chicago and wanted to be a great experience for everybody but as it stands chicago cannot afford a new permanent bureaucracy. david: the worst thing in the world people making money off of other people's misery, those people from my perspective should go to hell. thank you very much. i appreciate it all the work that you're doing exposing this. more "coast to coast" right after this. you can't buy great conversations or moments that matter,

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david: holiday travel expected to kick off friday they're expecting a record travel season satan is going to be the busiest ever in the possible government shutdown could weigh into this over 30 million passengers projected to be screwed between november 17 and 28th, that is it for us, here is jacki