ashley: before the break, we asked how many glasses of champagne will americans drink on new year's eve? i received a text from my wife that said are they considering sparkling wine as champagne? that will affect the numbers. good question. clearly thinking this through. what is it? 99? one hundred 50, two hundred sixty three? i went for the high number, 360. let's find out what it is. you have to believe me. 360. the average blood alcohol content is 0.95%. it makes it most drunken night of the year. happy new year. markets, the dow up 71 points. it is a holiday week. three trading days left. my time is up but coast-to-coast starts now. ahead on coast-to-coast.

edward: anthony. and about to arrive in mexico, face-to-face with mexico's president as the migrant surge reaches new heights. is it a sign that border madness could be controlled? republican south carolina congressman nancy may send a siege in the red sea, iran backed militias, shooting down a barrage of missiles and drones as americans face increasing danger in the region. a man who knows what it is like to be attacked at c. former uss call commander and ai on trial. the new york times filing lawsuit against open ai and microsoft, they should be responsible for billions in damages. follow the story and the money. you are watching coast-to-coast.

president biden is taking a new year's eve vacation to the caribbean with a boatload of problems piling up one of which is a meeting in mexico regarding the border. lucas tomlinson is in the us virgin islands not on vacation. >> reporter: as they head to mexico president biden is in the air heading to the virgin islands. the president ignored i shouted question from a reporter about the border. is boarding air force one at andrews air force base. may be republicans want the president to visit the southern border. a place he hasn't been since january. >> the dirty little secret. they could fix this tomorrow if they went back to policies but they won't do it. we will change a lot to give them tools to deal with this. will they use it? i don't think so. no matter what we do or how we write the law they wrote it this way.

>> reporter: border patrol tells bill melugin there have been 730,000 migrant encounters since oktoberfest. for comparison that is a population bigger than the city of denver arriving at the southern border and two months, december is on pace to set the record, the highest month of migrant encounters ever recorded in this nation's history. john kirby offered the following explanation. >> record levels of people. more people, that has been the case since world war ii. part of that is dealing with instability and domestic instability in the region. >> reporter: the president should be landing sometime this afternoon. we will see if he answers any more questions about the border when he gets off the plane. border funding held up the big supplemental bill that chad pergram was talking about.

edward: the number of migrants crossing into the us since president biden took office including the cvp sources for december so far. appreciate it. mexican officials want more economic aid from the us sent to migrants's homes in home countries in order to address the root causes of the problems of migration. here is republican congresswoman nancy mase. mace. is that the response ability of the us to support those other countries? >> reporter: our responsibility to the citizens of our own country come our own borders more so than any other nation in the world and as you said earlier blinken's visit to mexico is paying lip service to this issue and i represent an independent district, we are seeing independents, republicans and democrats getting angry about what they are seeing at the border.

on some days we have more people crossing the southern border in one day than we do all year from the northern border. a massive problem for the biden administration, they refused to address it. edward: if you add it up to migrants crossing the southern border since president biden took office and cvp numbers sources are telling fox news from december 1st, talking about 7.1 million people here. where is the financial support for the us on this? >> reporter: the mayor of chicago saying it is not sustainable. illegal immigrants landing in chicago can't afford to provide for those individuals and that will break our economy if we allow it to and next year, incredibly important to getting real leadership at all levels of government, federal, state, and local who will take this issue seriously. not like we don't have laws, we should follow our laws,

president biden should be saying our border is closed, do not come here. those couple of things would go a long way but he refuses to act. edward: the house passed a security bill, members of both parties in the senate reject that plan so where does it stand related to funding with ukrainian military operations as well as border security? >> republicans in both chambers, the senate and house, make sure we have our own border security as priority number one but before doling out any other dollars to any other country, what we are seeing are more kids dying of drug overdoses, more human trafficking, every town is a border town in this country made worse by biden's border policy. i don't want lip service to 20 more miles of wall, i want to shut down the southern border, have laws that we follow and that needs to happen. i hope that's the number one priority when we go back and reconvene for session in january.

edward: we are talked with representative cory mills who told me shut the border down or shut the government down. and can they avoid that -- >> under mike johnson's leadership. and the senate is -- senator schumer, if this is the fault of the biden administration and biden democrats, progressives, >> the more likely government shutdown and the last time? >> too hard to say at this point. we will find out when we get back in january. edward: happy new year. meanwhile the situation in the

middle east continuing to escalate as the israeli not very chief warns the war will last, quote, many more months, fears of a widening conflict. trey yingst is in southern israel. >> reporter: we do understand the israeli operation inside gaza is expected to last several more months. the chief of staff explained israeli operations are now shifting to the central and southern part of gaza. as israeli forces go after hamas's leadership, still being held by hamas inside gaza. israeli forces operating in the area where they told the civilian population in gaza to go. despite the 8 entering the gaza strip it is not enough for the civilians living there. take a look at the most vulnerable gazans.

day 82 of the conflict between israel and hamas. it is especially challenging for some of gaza's residents. a deaf woman whose daughter has autism. war is very difficult. i see people upset and it is hard for them. i struggle a lot. hardly any food and it is challenging to find supplies. united nations estimates 1.9 million palestinians are eternally displaced, many living in tents. at a food kitchen south of gaza civilians lineup to wait for their next meal. the food is far from enough to feed so large a number of people. i got my food today but sometimes i am not so lucky. we have been speaking with many palestinians who say communication is a major issue. often times there is a blackout

as israeli forces operate in certain areas and they are not able to get messages to loved ones to determine who is safe and who isn't. as the war continues, we do expect the fighting to get more intense around gaza's second largest city where it is believed many hamas leaders including -- are hiding underground. edward: as the war in gaza expands the us is responding to attacks on us forces in the region. the navy shooting down 17 drones over the red sea launched from iran backed rebels. the former uss cole commander, thank you for your service. these ships patrolling, a coalition of nine countries, is that enough to cover, 17 missiles, where they testing the system of that coalition? >> through the houthi rebels, irani and proxy group, iran is

learning every shot, what we are doing to defend our navy ships and ships in the coalition but merchant vessels as well, they learn more about what tactics, techniques, and procedures, if the conflict were to expand how would they react in shutting down the strait of hormuz to affect the world's oil supply. edward: it looks like a small piece of water but it is very big. can these nine country spread ships to handle all of the area of that? >> they shouldn't have to be over there spreading out to cover anything. we are not solving the problem. we are going after the symptom instead. we are in a reactive mode and instead, we should be targeting the houthis and eliminating their ability to project any missiles or threats into the

strait, the red sea and the gulf of aden. then we need to look at what iran is doing. edward: a shield as the missiles come in. we must know where they come from. >> we do. we are gaining intelligence to put together a good strike package. we already have that. why the biden administration is hesitating is beyond me. when you look at it, we are not only reacting but doing proportion, deterrence has failed for the united states, every country involved with this coalition. many of them purposely chose not to put their ships or forces under any us control and that in and of itself means the coalition is failing from the beginning because they are serving the national interest first instead of the broader goal of protecting all those ships whether they are maersk or others.

edward: should one of those missiles hit a container ship or us metairie ship, could it bring them down? >> there is a possibility depending on how well the crew is trained with damage control and the ability to respond. we don't want to get to that point. being a reactive mode is dangerous. none of our ships at sea have been hit, in the broader part of the conflict, we are seeing these groups are injuring us service personnel including one critically in iraq. at the end of the day the last thing the resident and secretary of defense austin should want is a photooptical welcoming back caskets. we can't afford that as a nation. at some point we must begin to be proactive and hold iran accountable for these malign activities. edward: they've been attacking for weeks. was this operation prosperity guardian a little late? >> absolutely was. when shots went off we should have figured out a way to

strike back and tell them no. if you engage in these types of activities, and give iran the opportunity to learn about those ttps we should have shut it off immediately. the fact that we didn't, we didn't have the horses and intelligence available to put together a strike package, or worse, we had it and have chosen not to do anything about it. edward: a ballistic missile, that an increase, escalation in itself. >> it is but a ballistic missile won't have the kind of accuracy, if they were actually shooting anti-ship missiles that had a seeker on it to specifically target ownership on internal radar for example but the fact that they are shooting. one of those ballistic missiles were to hit a ship or u.s. navy ship, you would lose that ship. edward: appreciate it.

thank you for your insight, your help, this is not going to go away. artificial intelligence being sued. the new york times says open ai owes them a lot of money. life report after the break. ♪ they're waiting for you. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow.

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edward: new york times filing a lawsuit against microsoft and chat gpt, open ai saying there artificial intelligence system stole the news outlet's intellectual property. >> reporter: this lawsuit could have wide-ranging impact for ai companies and media companies. new york times is the first major us media organization to sue open ai and microsoft which are behind chat gpt, the most popular ai program. the times claims millions of its articles were used to train chat bots that compete with the publication as a news source,

doesn't include an exact dollar amount but the company should be held responsible for, quote, billions of dollars in statutory and actual damages to keep from that lawsuit, defendants seek a free ride on the times massive investment in its journalism by using it to build substituted products without permission or payment, goes on to say there is nothing transformative about using content without payment to create products that substitute for the times and steel audiences away. other writers and content creators like john griffin have raised concerns about it and sued about ai companies using their work to make machine learning program smarter. we reached out to both companies open ai and microsoft. they didn't comment to the times either.

edward: i put this into anthropic and asked the ai, not being sued by the new york times if the newspaper articles to teach artificial intelligence without paying for the articles amounts to stealing intellectual property. claude, the ai, said it did not have a definitive view on this ethical issue, and they are generally copyrighted using substantial portions could be an infringement but using smaller excerpts for educational or research purposes could fall under fair use. it went on with arguments that ended by saying the way forward likely involves establishing flexible, principled norms and partnerships with content providers. to a man who is smarter than the average ai, scott martin, thanks for being here and happy new year to you. what do you think of the new york times suing open ai and microsoft?

>> pretty self-serving and egregious. you quoted the article or talking about the massive investment new york times has made in journalism. i don't recognize that as part of the times procedures but we've done many shows together but there have been people who have stolen my jokes, like was done to jerry seinfeld, he talks about people taking other materials using it for somebody else, to the point you made as well, there is a portion of things the times and other media outlets have put out for research purposes that some stuff is taken verbatim and repurposed and chained but it does help others that are using ai, so far ai has been delivering decent things as far as what it does to the people. edward: do you feel like there will be a reckoning in 2024 for ai?

are investors still in the honeymoon phase we see when a ceo mentions ai and their stock goes up or will there be a reckoning? >> feels like there's reckoning coming because things have been too good in the ai space. companies in the last few quarters talked on the show, when they are in fast food they talk about ai, now taco bell is going to do that, it is also likely ai thing has been a boom to company stock prices and probably not what they are intending to do but it has been a good red herring to get the stock price up but also companies that are seriously using ai, i've used it, chat gpt, should i sue the new york times if i got bad advice, something that didn't work out because the ai told me to do that? must be the new york times telling me to do that originally. edward: claude told me to have

a great day. last year, this week, i sat here, you sat there, i asked you for a prediction and what you say doesn't go away so listen to this. what his this last month told you about the state of the economy in 2,023? >> it is fickle. there's a lot of ways this economy could go. what's interesting to me, the sentiment has turned, the sentiment on wall street and main street. everyone talking about the recession that is coming that is the most predicted recession in history. i like the negative sentiment because it tells me a lot of folks have taken off some positions at handicapped their portfolios to expect a downpour and therefore i think those are times the market realities and remembers. edward: our archives never go away. the recession never came. why do you think the dow is close to the sixth record high this year?

>> what we talked about. maybe you got that from the ai chat but who gave a prediction of a recession which is true. it is always coming when we know when my mother is calling me saying i got a couple hundred bucks, want to buy some stock? than when she is selling everything i know it's going in and everywhere people is seeing one. everyone has turned tail, those folks telling us the recession is coming and it will be the worst downturn since the great financial crisis, groceries are so expensive, look what is happening, prices are coming down, groceries that we buy every day, stock prices are going up, your 401(k) is doing well. everyone is getting too optimistic. we are probably going to talk about how great things are, that's the time to run for the hills. larry: edward: give me a prediction for one year from now. >> it depends what happens next november.

we've got the election and everything going on with the state supreme court, who is going to run on the democratic side. i don't think it will be president biden, that could change. the landscape overall market starting to realize the economy is getting back to itself, we are getting out of this covid malays and get the government to step back, the election year, third-year the election cycle is usually the best, the fourth year usually isn't too bad. companies making margins, turning profits, paying shareholders back in dividends, stocks are going up. edward: are ais will talk to each other next year. still to come. colleges are facing a growing number of legal battles over their handling of anti-semitism on campus. a live report after the break. ♪ ♪

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edward: jewish students turning to the court system to hold universities accountable for allowing anti-semitism to grow on campus. what can you tell us? >> reporter: the universities being sued include the university of pennsylvania, nyu, carnegie mellon and berkeley. the students claim these universities violated title vi of the civil rights act of 1954 which prohibits any program that receive federal funding like a core private university from excluding, d9, or just come in aiding against a person based on race, color, or national origin. we talked to one student who is suing the university of pennsylvania and he described a recent on-campus protest. >> when there's class happening on campus and people with bullhorns chanting intifada which means armed uprising throughout campus, that is not allowed. when this happens for 8 hours,

during midterms. >> the lots use ask they enforce their own codes of conduct to protect jewish students. they were professors and students terminated or kicked out of school and tuition funded. the protests on campuses are often defended as exercises of free speech. lawyers for the students say that argument will not give universities cover. >> the idea this was neutral free-speech the university has nothing to do with is nonsense. if any of these students have been selecting out another ethnic group for attack, the action would have been taken. >> reporter: we asked the universities for comment, they have either not gotten back to us or refused to comment on the

litigation. that the primitive education has launched a few dozen of its own title vi investigations. those could cause schools to lose federal funding depending on the outcome. there's a lot to watch. edward: not every university allowed an anti-semitic environment to fester. we had the head of one of the good ones joining me now. the president of the university of new york, thank you for joining us. happy new year. this is a business network. large universities are seeing donations being pooled now. there has been some change but the culture remains on campuses. what does it take to address anti-semitic seed that is rising? >> thank you for having me. it is a great question and sad state for this change. this has to be a major concern

to university leaders, what universities stand for seeking truth for their students. that is their goal the they should be trying to achieve. edward: the students presumably studied history, why do you think college students have forgotten? >> i tell you a story from my own life, my son right now as a reservist in the israeli defense force, called upon october 7th, he told me in one of his first patrols he was called to inspect the palestinian home and felt bad about trampling mud into the apartment and found a sniper scope, ammunition hidden in a diaper drawer and this is what

is happening. when you have hamas as a terrorist organization hide in civilian clothes, israeli soldiers are required to make split-second decisions for innocents and murderers. college students are failing to be able to make the same distinction. they are out in force protesting and it is legitimate to protest for palestinian rights but they are enmeshed in the language of hamas, talking about from the river to the sea, and the language of genocide. that's a significant part of a problem. the lack of moral clarity to differentiate pro-palestinian and pro-hamas.

edward: you worked with virginia foxx how to get students who might be afraid to speak up to do just that. why is it critical to this national debate? >> it is essential that jewish students know that they have a voice. there's something called the cleary act in which every university needs to report to the federal government annually. hate crimes that occur on or near campus. one of them is intimidation. if somebody feels physically threatened, because of their race, religion or ethnicity, they are victims of a hate crime lose they can report it to campus police. its essential students know that if there's a protest calling for jewish genocide and they feel physically threatened and should go to the campus police and report they are victims of hate crimes.

edward: it is one of those things you shake your head. hopefully this gets better. thank you for joining us. >> let me wish you a happy new year. it is so important this year that, for all sons and daughters. for jews, muslims, and christians go we need to work together to defeat hamas and make sure we have a year filled with peace, goodness, love and joy. edward: wire we miss her about our finances? a question the white house is trying to figure out and 2024 hopefuls hope to solve. we will dig into the misery index coming up.

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edward: americans should not feel as miserable as they say they are, the index first into the american limelight in 1976 looking at unemployment rate, inflation gauge to gauge misery. both of them are down right now but does not tell the whole story of the last 34 months is that is why we bring in douglas holtz eakin. why does the misery gauge right now look, wiser off? >> the dominant characteristic of that era was the unemployment rate went up and

down, people laid off, they were miserable. that's not what we have been through. after 2020, employers trying to hire anyone they can on the supply side and for those who have a job 2,020 one, real wages fall 0. 7%. 2,022, one%, 2023, the less six months up 0.4%. people are not getting much for it. i need a better paycheck. edward: the prices, 17% is what inflation is since president biden took office in 2021. does the index need to change? >> the index doesn't tell us what is going on. we struggled since the pandemic to understand all the data. it doesn't look like it used to. any rule of thumb out of 1976 is not the right one.

edward: what is the basis? is oil the basis? >> the crux of it is how much of the business cycle is driving results? in that era we have chronic high inflation and employment went up and down, another session in 78, the big job loss drove that era. we haven't seen that. since the pandemic. edward: will misery continue through next year? inflation is coming down but prices are not down? >> if we grew in the 21st century, everyone would have $19,000 in return. it has them upset, no sign of better growth coming. it is a chronic problem we have to address.

edward: is this, is this just a cycle we are in or is it policy driven? is in a business cycle? what type of cycle is it? >> policy driven cycle. we are not taking care of business, getting the deficit under control, have a regulatory tax environment keeping rates low, emphasis on supply-side growth. infrastructure, $500 million sounds like a lot of infrastructure, it is a $20 economy. edward: he is talking at people. and basically, why don't you see this better. >> they are not wonderful for them.

10% of people working in manufacturing. what was he saying? >> appreciate your insight on this. happy new year. hopefully our misery will be a little bis -- we have a little bit to look for. the us announcing final plans to purchase 3 million barrels of oil for strategic petroleum reserve as stockpile remains at its lowest level since the early 80s. jeff flock is here. they bought the oil for $77 a barrel, and not being expensive. >> a way of making money from the federal government, they made a few bucks. but both political parties on both sides, donald trump at one

point proposed selling off. there's not a lot of oil in there. 300 million barrels is a lot but nowhere near what it was. they did sell a lot off and now they are buying lower, $77 a barrel, $3 million of replacement and they say that's $95 in 2022. it is not about getting a good deal but having oil when you needed in reserve. >> they wanted a good deal for taxpayers, they wouldn't be giving tens of thousands in subsidies for every electric vehicle that rolls off the assembly line. if they want to do good deal for taxpayers they wouldn't be shutting down coal plants, the cheapest form of electricity around the country. >> looking at the actual

numbers, in december 2009 under the obama admin a station, donald trump handed off to president biden with 638 million barrels, and it is 352. despite all that, it's worth noting us oil production right now despite criticisms of the biden administration at an all-time record in terms of production, 13.2 million barrels a day coming out of the us ground. that is more oil than any nation at any time in history has produced. sometimes you can't keep a good industry down. edward: who wants you inside? i figured you would get up and go over to a dinghy out on a boat in lake michigan or something. >> where to go, they got me in

a box. i would appreciate it, much better out there in the world. edward: chicago getting desperate as they try to deal with a massive influx of migrants in the city. more on how far they are going to go to fix the problem after the break. ♪

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edward: antony blinken touching down in mexico city for border talks with mexico's president, us cities and states far from the border getting crushed by the migrant crisis. blood sugar busloads dropped off in chicago suburbs and the department of human services provides temporary housing in hotels for up to 200 people. joining me is william kelly, journalist covering chicago for many years. happy new year. how many migrants does this take? >> welcome to the new border straight -- formerly known as

illinois. breaking news. my sources tell me we are expecting ten more buses today in chicagoland. the unintended consequence of mayor brandon johnson's policy having a lawsuit against the bus company bringing migrants to illinois and chicago in particular, now the bus drivers are dropping migrants off in chicago suburbs. this is a coordinated effort. and the migrants are being given tickets to get on a train to chicago. if they are being dropped off in illinois, they already have preprinted tickets.

this is not just a robusta driver saying i don't want the trouble. don't know who covered your holiday travel expenses, people of illinois are getting annoyed with mayor johnson with -- they are covering the cost on top of it. edward: he had just come from the mayor of denver, he wanted money to help with the migrant crisis. listen to this. >> investments in this moment are really about making sure we are not forgetting the needs of the people and providing system of care for those in the country. >> reporter: nothing about stopping the flow or changing

the issue, just how to care for the people who are coming. >> chicago's new mayor johnson, who became city of chicago, part-time substitute teacher at chicago public schools is asking for billions of dollars for him and migrant managers on the migrant crisis. i am reporting, what i call the migrant money shell game to essentially ask for more money and spend more money, the people of illinois are telling me -- >> we have to go on this point but this is one of these issues that's not going to go away. thank you very much. more coast-to-coast coming up after this.

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edward: a federal appeals court blocked an import ban on apple's latest smart watches. i apple filed an appeal to overturn a ruling banning imports of the watches over patent infringement. that does it for coast-to-coast. jackie deangelis is coming up on "the big money show". jawe