how far is the international space station from earth? mike, you profess that you always get it right. you are first. what is it? one 75, two hundred, two hundred seventy five? >> you just looked it up. stuart: i did not. >> number 3, two hundred twenty five miles. stuart: a likely story. lydia: i will stick to 225. stuart: i'm going with 175 miles. it's the opposite. 250 miles. the station is as big as a 5 bedroom house. i didn't know that. it can support a crew of six people and weighs 200 million pounds. it orbits the earth at a speed of 17,500 miles per our. didn't know that. is that is it for "varney and company," totally out of time. ashley, it's yours.

ashley: i got it wrong as well. what do i know? thank you. welcome to cavuto coast-to-coast. happening now, stocks clawing their way back after taking a beating on global tensions, vladimir putin's nuclear saber rattling but first, an update into trump world is the president-elect looks to make his most important economic apartment. let's get to edward lawrence with breaking news on who is in and who is out for treasury. is your name on the list? i keep looking. >> might be 158. five names on the list, now there are four. a source confirms the cochair

of the transition team will be offered the commerce secretary job. one of the most important spots in the trump administration, the ceo, one of the top choices from the beginning is seen as a wall street insider and that might play against him. mark rowan is being interviewed, robert lightheiser negotiated huge trade deals for donald trump. >> i like all the players, it will be the president's decision but sometimes difficult to be in the position of recommending someone when trying for the same position. >> talking about the cochair of the transition. a pivot i want to make, met

with donald trump in mar-a-lago, the chief policy officer told me the us has fallen behind other countries setting up rules for crypto currency. >> gratified by the degree the trump team had open-door with us and given us an opportunity to talk about crypto and to see them ultimately adopt much of that. >> all the names on the list for treasury secretary, that is something that market appreciates. ashley: ukraine firing its first barrage of long-range missiles into russia. vladimir putin lowering the nuclear threshold. live at the pentagon about all the latest. >> it has been 1000 days since

russia invaded ukraine. overnight ukraine struck military targets inside russia using us provided strike fires two days after we learned president biden, with use of long-range missiles. >> it is a signal they want to escalate the conflict, impossible to use high-tech missiles without the americans. vladimir putin said this many times. >> reporter: the predawn attack struck a military facility in southwest russia just north of kursk where they are deployed to assist the 50,000 russian soldiers preparing to retake russian territory seized by ukraine in august. it was vladimir putin's decision to expand the war and invite north korean troops into fight ukraine that led president biden's reversal, president zelenskyy referenced this while addressing the

european parliament. >> letter hooton brought troops to ukraine's borders. they may grow to that. >> reporter: vladimir putin signed a nuclear doctrine lowering the kremlin asked threshold to use nuclear weapons in response to a conventional attack that threatens russia or belarus's sovereignty, he won't he would do so in september. reports of a mysterious sabotage of an undersea fiber-optic cable that connects finland and germany comes shortly after biden authorized ukraine to use these weapons to target russian territory. a senior european official told me, quote, we don't know yet what caused it but the company operating the cable says it appears to have been external impact. such cables are well protected and don't break easily. investigators suspect russia as

the culprit. finland is not experiencing major problems with its internet service because it has multiple connections and was prepared with redundancies in case this happened. ashley: here to discuss of this, victoria coates, heritage foundation vp, former deputy national security adviser, you have worn many hats. great to have you here. a decision to say, we use weapons to strike deeper into russia. what do you think was behind that? was that a good decision? >> i do like accessories but i'm curious about this decision. we are at day one thousand of the war in ukraine. this is not a new conflict. we know the ukrainians have

asked for these things. why is it a good idea now? i don't think any of the americans who voted for donald trump on november 5th were voting for an extension of the ukraine war. the american people have spoken and what i'm seeing is the biden administration trying to prolong this war, forced his hand to because as you also reported this could be taken as a nuclear provocation by vladimir putin in which case it is not the biden people who are going to have to deal with the fallout of that, it will be the incoming trump administration. ashley: donald trump has said on the campaign trail that day one he can get this thing fixed or get both sides to come to the table. is he capable of that? you just said one thousand days, this conflict has been going on. what can donald trump do that the biden administration hasn't?

>> there are a range of things they could try. the biden administration has been tempered with economic measures against russia primarily for energy reasons. russia is one of the energy producers along with the united states and saudi arabia. taking them off line energywise is a momentous thing. it is huge for international energy markets but if you have the united states posturing itself to ramp up energy production at the same time, if you have confidence from saudi arabia the united states is a good friend to the kingdom of they might be more amenable to raising production. if you are in that posture which i think is very much where donald trump left us in 2,020 one, what i understand from what he said on the trail where he is headed now you can offset that, put a ton of pressure on russia, get them to the table so you have leverage over both parties and that's what i would recommend.

ashley: russia, moscow saying good you just escalated this conflict to a dangerous level but you could argue the russians bringing in the thousands of north korean troops were escalating through that move. >> absolutely and i don't want to be overly sensitive about russia's borders or anybody else's but i question the strategy here and with the north koreans, what we have is a country that is after the end of the cold war dependent on china. they ceased to exist of china cut them off so we have to assume china okayed this deployment of 10,000 troops into kursk to support the russian offensive. that's bad news for the united states just like the russian missiles flowing into yemen to support the irani and proxies under the biden/harris administration we have this collusion between america's

enemies this deeply dangerous and that will be a new strategic outlook the trump administration will have to deal with. neil: ashley: do you think russia gets more territory out of this? >> that's a question for the ukrainians and how they want to come to a resolution of this. we are hearing more from them that they do need this war to wrap up and a war of attrition as we were saying over a thousand days that ultimately plays to russia's advantage. under a strong american president who does want to end the war and doesn't want to hand ukraine to russia we could get to a better outcome. specifically what those borders look like i wouldn't want to speculate. ashley: so much his been made of ukraine being able to use us missiles but they are not a game changer, are they?

>> they might've been two years ago when ukraine had the momentum and was on the offensive. if you had been more concerned about getting to a version of victory you had real potential but once we ground into this stalemate kind of war that is almost tug-of-war that we've seen the last two years that is much more to russia's advantage so i don't know it's enough to change the game, russians claimed they intercepted most of them and the others fell on open areas so it doesn't like like they had much of an impact so far. ashley: we continue to follow it but there has to be a end at some point. thank you for bringing your expertise to the show. we appreciate it as always. let's get to our next guest,

energy independence is the key to our economy and national security. republican governor of alaska mike dunn leavy joins me now. alaska is bigger than my brain can comprehend. it is lovely to have you here. under donald trump's first term we were energy independence, what has happened between the end of his first term and where we are now, have we lost that independence? >> we if we haven't lost already. wasn't that we were running out of oil but running out of natural gas or other things that we were being socially engineered into a new world and that has caused problems as we've seen and in alaska, we have an all in approach, tremendous amounts of wind power, geothermal power, tidal

power, and also we are in oil giant, the largest conventional field ever discovered. we have 100,000,000 ft. of gas, we've got 500 years of call, all kinds of energy in alaska as well as other states as well. with donald trump we are excited about the possibility that opportunity will be stifled and supported and we will become an absolute energy giant with the help of alaska in the next couple years. ashley: i want to talk about liquid natural gas, the biden administration put a ban on new lng exports. why was that? do you know? >> because part of the support for this administration that outgoing was far left environmentalists. it doesn't make any sense because the more natural gas you use displaces other carbon

heavy fuels. the other issue is it hurts our allies in europe and japan. a lot of folks don't realize this but alaska pioneered exports for north america in 1969, we were sending gas to japan for 50 years to help our asian allies. a ban on exports is going to hurt our economy as well. ashley: it's frustrating because not only has the production been cut back, talking about oil but the cost for the average family has gone up, has it not? >> it has. we said this to people, we have to tailor our policies to the working man. if we don't do that we will lose them. that happened to the democratic party. energy is key for everything

weather is transportation, heating homes and businesses, it's a national security issue and i am excited about the nominees donald trump has put forward, the department of the interior, he understands why energy is important, we are excited about the possibilities under the trump administration. ashley: one thing we hear is we've proved a lot of leases, they are just sitting there, not being used, don't blame us. >> not true. in 2017, a bill passed by congress signed by donald trump, and wire -- and wire --anwar there were leases sold but under the biden administration they dragged their feet on implementing these leases in terms of production. december which we are coming

into shortly, supposed to be a second the sale, some of us doubt it is going to happen but we feel it will have so many conditions applied to it that it's not going to be attractive for investors so the biden administration has taken offshore possibilities, 13 million acres taken off the table so that's not accurate. we could be doing a lot more and should be doing a lot more. ashley: talking about anwar, environmentalists get themselves in a tizzy, what do you say to them? >> if you're going to push production overseas you are going to ruin the environment overseas. we protect our environment better. we will offshore jobs, offshore national security and if you think you are saving the environment you won't save it overseas, i would suggest to all these folks we do here in

alaska, under careful watch and we will do it better than anybody. ashley: that is a good place to leave it. thank you for joining us today. thank you. from the beautiful state of alaska. donald trump expected to join elon musk in texas today to watch space x's latest starship test, this will be the sixth and largest test for the rocket and follows the catch of the booster a month ago. we will have more on all of this next. ♪ ♪

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high, there revenue last quarter came in at one hundred $70 billion and then they raised their forecast for the third time in a row. doug mcmillan said shoppers are coming in and buying more than groceries. >> we have more opportunity than we do and basic areas as relates to price versus convenience, everybody wants to save money and time but it is a continuum. those that have more discretionary income and want to save time are liking what we are doing with pickup and delivery and that is one of the things that makes this moment different. >> reporter: upper income consumers are driving the growth at walmart and i'm not ready for this but this is good news as the official holiday shopping season kicks off next week. how much are you looking to spend this year?

>> that's an embarrassing number. >> embarrassingly high? >> we don't have a budget. >> our budget is smaller but we are making it happen. >> go big or go home. they deserve it. >> we deserve it, right? the national retail federation says one hundred 83 million of us was shot 5 days from thanksgiving to cybermonday. we will spend an average of $900 each, that's a record high, i would say overall very positive tone heading into the holiday season, welcome news after a pretty divisive season of politics. you saw in my report i grimaced, i'm not ready for is this this year. usually i would be done by now and i'm not joking. ashley: i'm surprised by that but i love your expression go big or go home and that applies to the holiday shopping as well so good for you. thank you very much.

very good indeed. let's bring in meridian equity partner's jonathan cortina. okay. walmart was definitely a blank spot in their earnings and outlook but the markets have come back a bit today. all these tensions between the uk, russia, ukraine and russia and the us, that rattled investors of this morning. is more than that driving the markets? >> it is like the dust has settled since the elections are over, we are seeing a lot of market activity. we saw our runoff and we see this pullback now. the russia ukraine headlines which have always been significant headlines continue to be significant. what we are hearing and seeing is clearly something that is concerning and could escalate

very quickly as we are in this odd period between elections and inauguration. that is something we will continue to look at but walmart earnings clearly helping markets, we have more retailers coming out tomorrow and nvidia coming out tomorrow night. that too is a market indicator but for right now investors have seen a lot of volatility in the market but the headlines will dictate us until we get to inauguration day. ashley: and for a while the trump trade was pretty forceful but the dust has settled on that as well. >> our markets have swung too far too fast. not that the movies in the right move but sometimes when we get these big upswings and down swings in the market you need to get a little staying in the fairway. the euphoria was real and we

times run up prior to the election and after but we are getting to a range we should be staying in for quite some time. ashley: we have nvidia earnings coming up. has the impact of ai, do you think that may start to fade looking ahead to next year or nvidia and the magnificent seven, will they have to be the ones carrying the burdens so to speak? >> we are still in this area of where we get ai headlines driving the market in an upward momentum. we saw the outlook moving forward the most important thing we will look for. i think we will see strong numbers. innovation will continue to be there. other companies pooling in the technology, it will continue to be there but i would caution making sure we watch the forecast moving forward because if that is tweaked for many of

the numbers we are expecting we could see a selloff but if history repeats itself nvidia continues to be a bellwether for the markets and will be a driving force. ashley: what do you think of the consumer? is the psyche of the consumer changing? we are battling inflation, don't like the high cost of things but holiday spending seems to be on a good track. >> it is. we've been in this range for quite some time. people have become comfortable with prices no there is anticipation they might come down. people are comfortable where mortgage rates are. we have figured out if this is the new norm how to operate. spending will continue in this holiday season. retail numbers kicking off the holiday season. next earnings reports we will get high numbers. ashley: very good. we will leave it there. thank you for joining us.

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ashley: welcome back to coast to coast. we are waiting a developing in the conviction against donald trump in the new york hush money case. one possibility is the judge could toss out the conviction. >> reporter: we are following every twist and turn, prosecutors have a deadline of today to tell judge merchan and how they want to move forward in the case against donald trump. this is the case of business records where trump was found guilty by a jury, falsified records to conceal payments to michael cohen and stormie daniels. judge merchan imposed the deadline on the prosecutors after the da's office and trump's defense team jointly asked for a stay of all deadlines so they could assess

how trump's election victory impact to the case moving forward. one question is whether district attorney alvin bragg will take this opportunity to wind the case down. this is where jack smith with his federal documents case and january 6th case, it could be the district attorney looks to stay with the sentence, in four years from now. nevertheless trump's defense attorney, making it clear they want the verdict to be vacated, dismissed, they argue the supreme court's immunity decision, the trump is now the president-elect means there is no way a sentencing can happen, that is what they say about we will hear from prosecutors are about what the next steps can be. before we had the stay in place we expected to merchan's

decision on whether trump is immune from prosecution and sentencing. it was scheduled for next week but that is on pause for now so we will bring you the update. ashley: there is a lot going on. let's get reaction. alex, what a mess. what do you think prosecutors will ask the judge to do. how will that play out? >> it has to do with how this immunity decision plays into the fact that he is now president-elect, what this means for having him sentenced. we will see one of two options. postponing a sentencing until 2,029 when he would resume

civilian status and figure out what to do post trump presidency. another would be to vacate the verdict. that is something courts are reluctant to do but it takes extenuating and extraordinary circumstances. in this case this probably fits that category of extraordinary circumstances. ashley: but we know without a shadow of a doubt the judge merchan and alvin bragg did not like donald trump. alvin bragg ran for office on getting donald trump. >> reporter: how friendly they will be is another question. we will see alvin bragg and his team ask merchan to sentence him as early as of this month or especially before the january 20th inauguration but if you wants to not wait until trump is a civilian again he could issue a fine which some

critics of trump would not be happy with. they would see that as not enough of a burden on him, no prison time or long probation process. they settle it in that way. ashley: when you think of the legal action taken against donald trump, he has pretty much avoided much of what the other side wanted. would you agree? >> he avoided a lot and that was before he was elected president. now that he has been elected he will be able to continue to avoid and avoid a lot more. one -- the immunity decision, the process, how complex it would be to sentence a president elect to. he is on track to keep avoiding office.

ashley: donald trump expected to join elon musk in texas later today for the space x launch. this romance keeps getting stronger it seems. >> reporter: we are seeing in texas this launch, we will see him there. since election day it seems musk has been a near constant presence with trump, at mar-a-lago and talking with some foreign leaders attending meetings. how long this lasts is an interesting one. musk is a big personality, so is donald trump. can this continue or will there be some butting heads at some point? ashley: don't know if there is enough air to have them in the

same room but mister musk did a lot of cost-cutting, taking over twitter. what are you hearing about what he could do on capitol hill, get out the ask on government? >> the role of the government efficiency department, he has the experience to make cuts to look at how efficient we are with our government, how many people are necessary in various agencies and whatever else and the impact he could have on members of congress, called for reducing waste, looking at government efficiency. could that help his standing with republican lawmakers as he hones in on that topic. in the matter of a couple years

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with an aarp medicare supplement plan from unitedhealthcare. smart now, really smart later. ashley: the fema administrator justified testifying on capito lawmakers demand answers about the organization alleged orders to avoid the homes of trump supporters in the aftermath of hurricanes milton and helene. ozempic teen is live on capitol hill. what did we learn? >> this is the first time diane criswell appeared before lawmakers, they were three storms, hurricanes milton and helene and the political storm,

how fema responded and if it was ready. >> in one county, fema did not arrive until a week after the storm and not until 20 days later that a disaster recovery center was open to. >> reporter: one of the biggest issues is whether fema ignored homes that flew trump flags or trump signs, the firing of at least one employee. she said she was just following orders from on high. she took action. >> this type of behavior will not be tolerated at fema. i don't believe this employee's actions are indicative of any widespread cultural problems at fema? ashley: some lawmakers demand additional consequences, to understand if there's a culture of political bias at fema. >> why should this be an

independent investigation by somebody? >> the actions this employee talk are unacceptable. i would welcome an investigation by the ig. >> would you request one? >> i will request one. ashley: this as congress is asked to improve a $98 billion supplemental spending bill, the hurricanes bled those dry. some of the money will help victims rebuild. ashley: next guest in the hearing, republican south dakota congressman dusty johnson. what did you take from the hearing? the questions you had answered is what i was trying to say. >> i did ask about this, she has been fired but she put in

writing that her team should avoid trump houses. when someone puts that in writing, something that cruel, something that indefensible it makes you wonder about the broader culture. the big headline is she did agree with those of us that called for her to reach out to the inspector general to have an independent review done. neil: the employee who reported this, this is up to the ig report, others higher than her that have this political bias. >> that is exactly what it suggests and why we can't take administrator chris well's word, we need independent verification. this is why there is going to be a new sheriff in town. americans have gotten frustrated and sick of government being weapon eyes

the. maybe it was only one numbskull but that numbskull did weapon eyes government against trump supporters. we are going to get donald trump, a new fema administrator, but i tell you what, the new fema administrator who respects all americans. ashley: political bias aside how would you assess the performance in the aftermath of helene and milton. >> i don't think they got the job done. i don't want to run down the hard-working men and women of fema. they have dedicated people but the reality is there were areas of north carolina where it took five days for anybody to show up for, for any of us hit by tornadoes or flooding or any natural disaster, every hour that you are left alone feels like an eternity. if we are going to spend $90

billion on the north carolina storms americans have every right to believe somebody will show up before the better part of a week. ashley: every year because of the severity of these storms it seems fema is always running out of money. what about money set aside for covid. is there any of that left over that could be used by fema? >> so much was squandered needlessly. i had a bill that would have swept up one trillion dollars of unused covid funds, would give states the ability to create behavioral trust funds. we will spend the money, let the corpus grow, it could have been an incredible investment in behavioral health and wouldn't have cost taxpayers one red cent. nancy pelosi wouldn't let it come to the floor because she wanted it wasted on these pipedreams they had.

fema is not very well-run. it has been hemorrhaging cash in a very and efficient way and that is why we are interested in seeing who donald trump will nominate as the next administrator. ashley: good place to leave it right there. thank you so much for your input today. interesting stuff. okay, coming up, next stop, one hundred thousand dollars, we have the latest on bitcoin's bull run and up another $1,500 today. a programming note. fox business's lose claimant has an exclusive interview with jensen wong thursday at 3 p.m. eastern. so much to talk about. don't miss it. we will have more on coast-to-coast after this.

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ashley: let's check in on crypto, trading on the bitcoin etf launch. and market optimism, bitcoin hundred 93,000. we will break it all down. and will that bring institutional interests to crypto? >> it will continue with retail investor and give other opportunities to get in. if there's one group of investors waiting for the outcome of this election, bitcoin is up 32%, donald trump promised more support for

crypto currency and less regulation associated with it and if that trend continues we will continue to see upward momentum on crypto currencies. ashley: it is amazing seeing bitcoin etfs generated trading volumes in excess of 500 billion. do we just go up from here? >> when you have an etf it provides easier access for retail investors to buy the actual product and they feel more comfortable when it is provided through a syndicate of a larger name. as we see more etfs pop up we are going to see more influx of people waiting on the sidelines not feeling comfortable out about investing in it, this will add more legitimacy to it. ashley: have you seen a demand for bitcoin-based investments pickup?

>> family members ask me whether they should purchase bitcoin or not, that is a key indicator. ashley: the landscape has changed dramatically just this year. >> absolutely. this has become such an attractive asset, people feel they missed the boat but as it moves higher the attraction remains and if trump does follow for with his promise that he's going to support bitcoin and other crypto currencies we will see this trend move higher. ashley: absolutely remarkable. we will leave it there but thank you so much for doing double duty with us, thank you as we look at the dow down one hundred 18 points but we come back on the s&p and the nasdaq as tensions over ukraine and russia a frighten or on the markets today. time is up. here is jackie deangelis and "the big money show"