fed member john williams telling edward lawrence inflation is too high. foal. i'm not sure the markets want to hear that. charles: i'm not sure i know what the markets want to hear these days, cheryl. we'll go into that. thanks a lot. good afternoon, folks.m charles. this is "making money." breaking right now, investors returning the early christmas gift from jerome powell

edward lawrence at the white house. thanks so much, edward.led out the very first fully electric driver optional tractor here in america. he is the founder and ceo of monarch tractor. he joins me now. start with this, you have actually rolled one out. you have got a customer. how much do you charge for that tractor? >> so, stuart, our tractors starts under $70,000. our first customer is constellation brands which is a global wine and beer producer. stuart: now, can it do the things that a normal tractor does like plowing a field or harrowing, that kind of thing, can it do all of those functions? >> it absolutely can, stuart, and our goal when we started the company was to give a no compromise solution to the farmers and a solution that helps them save not only on diesel fuel, but also makes them more fin end on the labor side, using our a.i. systems on the data side. stuart: what is the range? in other words if i get a full charge, how long can the tractor work? >> the farmer are already clear with expectations with us, stuart. they want the t

edward lawrence will have the latest from the federal reserve next. ♪ ashley: let's look at these marketsw up 440 points. this, yesterday's big gains begging some back today, s&p down 500% in the nasdaq down half of 1%, waiting for tomorrow's jobs report to see what the month of november provided regarding jobs and doing some selling. fed chair jerome powell signaling a slowdown in interest rate hikes as soon as this month but he warns the fight against inflation is far from over. edward lawrence at the new york federal reserve and you will interview new york fed president john williams later today. what can we expect? >> reporter: we will get some of these answers to the questions we had from chairman powell's speech. at the federal reserve, thousands, tens of thousands of gold bars, the interview becomes more important now because of chairman powell's speech, he talked about moderating the pace of rate hikes so we could be looking at 50 basis points for the next meeting and that is something we will talk to new york fed president john williams about. powell says more rate increases migh

edward lawrence in for neil today. edward: i thought that was a lead-in for a joke, how many producers does it take to put in light bulks. i'm edward lawrence, also holiday neil cavuto. storms crushing the northeast cold temperatures and heavy snow and power outages. we'll have the story live. thousands are stranded as southwest airline has a complete meltdown over the holiday weekend. more cancellations are on the i. with storm brewing on the border. title 42 could end as soon as today. that would stop customs and border agents immediately deporting people. we have a how the white house is responding. president joe biden going on vacation. he will be in st. crow later on today, u.s. virgin islands. the high is the 83, a low chilly 70 degrees. where we find fox news jackie heinrich. with a storm bearing down on much of the night the optics don't look great as he goes on vacation, do they? >> reporter: i leave that up to the audience to decide, edward. the president approved a emergency declaration for new york state las

edward lawrence in for neil cavuto. edward: we'll see if we keep it going here. that is a pretty good number on the dow, thanks, ashley. welcome to "coast to coast". i'm edward lawrence in for neil cavuto. you have mee for the rest of the year. a big program, travelers flying. >> the u.s. from china will need to show a negative covid test as the world grows wary of beijing data and rising cases. disorder on the southern border. new video shows suggestion suspected migrants attempting to break into a texas ranchers home. we'll bring you a live report from the epicenter of the border battle. a mess for southwest, the airline and its passengers reeling with another 2300 flights canceled today. people strand, luggage lost, workers overwhelmed. no hope of relief until next week. live from the luggage purgatories. president confirmed the $1.7 trillion omnibus spending bill will be signed in the virgin islands. the president has signed into law $5.8 trillion worth of spending while in office. jackie hundred rick in st. croix, virgin islands watt latest from the administ

edward lawrence in for neil today. edward, take it away. ed: how much i feel way after the dinner. i'm edward lawrence in for neil this week. thousands of travelers are stranded, even the feds are without patience vowing that the southwest airlines will face federal probes. action on the border. a supreme court ruling temporarily prevents title 42 from ending. the battle over the border more heated than ever. i will talk to the head of san diego county that the feds are dumping migrants at bus stops bit dozens. freeze hurting operations in northeast. this buffalo area restaurant encased in ice. we'll talk to the owner about this crazy icy mess. first, airports across the country turned in makeshift motels as southwest tries to recover from a total meltdown. travel remembers stranded days after the issue started. the pictures are incredible. the biden administration calling the cancellations unacceptable and vowing to hold the airline accountable. fox news, jacqui heinrich in st. croix where the first family is vacationing and the southwest does not fly. >> reporter: president made

edward lawrence is live at the white house. what is this all about? >> they are still talking.en administration was expected to have a deal with tiktok by the end of the year. negotiations dragged on with concerns of privacy and how much data is shared with the chinese government. previous administration had the same concerns and almost banned the app in the u.s. when president biden came into office in the first month he canceled that review of the chinese app. it grew in popularity and now the second review, same security concerns are back. >> there is a mixed answer coming out of the white house where there are many people in government working for the president that are still using it. it has to stop. but it can't end at just tiktok. we have to look at every place in which the chinese or others are using bots or, in fact, stealing information. we've got to stop it and retaliate if necessary. >> campaign record show tiktok parent company bytedance lobbied lawmakers in the past two years. we'll see if tiktok privacy concerns when the secretary of state meets the chinese presi

edward lawrence is at the white house with more. edward?fact is traders say russian oil is being sold under the price cap. this would be a revenue gain for russia. spokesperson for the chinese foreign ministry that china will maintain what it calls a relationship of mutual benefit with russia over oil. the chinese showing no signs of letting up their support of propping up the russian economy. former national security advisor for former president donald trump says a price cap won't work. national security advisor john kirby says the price cap can be adjusted. he also says the president's policies are bringing down gas prices, however the american petroleum institute says that president biden's policies started the rise in gas prices and today regular unledded is $3.40. a year ago it was 5 cents cheaper than that look at the day president biden took office. gas is dollar more per gallon. there are no plans to change energy policy in this white house. they're asking opec plus to produce more oil. also coming up with a deal with venezuela to g

we have edward lawrence is at the white house with more. edward.eporter: well, liz the white house pointing to gas prices falling as the reason americans are getting a little bit of a break from inflation. it is still a dollar more, about a dollar more than when president biden took office. all food came in 12 1/2%. cereal, baking products, up double digits. fruits and vegetables up 9.3%. still the treasury secretary says americans should see a break from inflation as things go forward which was 1.4% when president biden took office and shot up to 7.7% where it stands right now. the white house points to all the spend president signed into law as with way to battle inflation so i asked this. inflation before the midterms you told me the inflation reduction act should bring down inflation next year if it doesn't do that significantly -- >> first that is a bunch of hypotheticals you're asking me. what i laid out was something that economists said by looking at inflation reduction act. by examining it, understanding what it is going to do for the amer

edward lawrence is live at the white house. is relief still out of reach? >> it's a great question.otter than expected. that's the stuff that -- that's the price that companies are paying for the stuff that they need to make the stuff that we buy. you see there it's at 7.4%. hotter than expected but it is the first time it is slightly below the cpi inflation that we see when we go to the store. the hot number still means that there is some pressure for companies to pass on higher costs. we may be seeing more inflation moving sideways instead of actually down. so more and more market movers are telling fox business that inflation and cure for inflation, higher interest rates, will mean a recession next year. in an interview that i did last week before the federal reserve went into a media blackout period the new york federal reserve president john williams told me the number one economic issue remains in inflation. listen. >> honestly, i think this will take a couple of years. my home is we will be at the 2% inflation goal by 2025. importantly, i expect to see a pretty significant de

edward lawrence thank you very much. we really appreciate it. well, sticking with the news from edward, saudi arabia did lend a hand with brittney griner 's release, along with the united arab emirate. the two nations reportedly help ed broker the deal with russia, but today, saudi crown prince mohammed bin solemon welcomed chinese leader xi-jinping to the oil rich nation deepening economic ties between the two which includes a cloud computing deal with another company, the u.s. deems a national security threat huawei. saudi arabia and china citing 34 deals worth some $30 billion, but that may not be the only major economic deal that the saudis are a part of. liz claman has learned it's the 2020 abraham accords which establish relations between israel, the uae, bahrain, morocco and sudan that may soon count the saudis as a new partner. liz caught up with former israeli ambassador to the united nations today in rome and she follows this report. liz: here in rome at the abraham accords global leadership summit where they are celebrating the second

edward lawrence knows this stuff inside and out.can help us with maybe why the market is reacting the way it is. what do you think, buddy? reporter: neil, well the producer price index came out this morning and as you said it came down a little bit but slightly hotter than expected and the market sold off on that but then, the consumer sentiment number from university of michigan came out a little bit above expectations in the market, paired the losses and you see there just under the green but pairing those losses. now look at this chart though. it shows the producer price index fell slightly below cpi inflation for the first time. now that's a good sign but as the federal reserve chairman says it could be another indication of inflation moving sideways. now white house spokesperson telling me that the report shows the progress we have made on inflation without giving up all the progress we have made on economic growth and job creation , but business executive s look at the economy and believe inflation may not be over. >> so i thi

jackie: edward lawrence for more on the latest jobs numbers let's welcome white house counsel actingman tomas philipson. always great to see you. you be a favor here try to step into the head of jerome powell. just a couple of days ago, he said he can slow the rate of increases which would indicate he's going to continue to raise rates, he has to get inflation down to 2% but maybe it's not 75 basis points maybe it's 50 basis points. why is he dragging this out in this way when there's so much evidence what is doing with interest rates hasn't impacted the economy to get the desired result he wants. >> i think were waiting for the consumer to not be as resilient. what we seen lately is real wage growth and inflation has gone down for people but nevertheless their spending more to adjust for inflation that cannot go on forever. the reason is going on now. most likely due to two reasons, the income consumers got during covid which was an income boom better than any economic boom better than the past for people. also there taking on a lot more debt. in the income boom of covid they saved

stuart: edward lawrence at the white house, minus the leaf blower, hold good news, good stuff good stuffthank you very much hard work and also byron republican from the great state of florida joins me down and congressman welcome back and do you think that the government workers should they be banned from having to talk on the phones in the state of florida. guest: yes and that's actually kind of surprising that is taking this long and the remitting concerns about tiktok and number-one courses addictive aspect it to rest and something got even wore my kids about being on tiktok and is not a good app for you to do but then there are some serious concerns about security aspects national security aspects could let's not lose sight of the affected tiktok is being used with respect to targeting minors and it is being used with respect to smuggling people across our southern border and trying to use it for the drug cartels are using it to solicit americans among people in the end of the country illegally and all that is happening with tiktok and i think that is the first step i think there has

edward lawrence fox business.s were higher on wall street today, with the boost from tech companies that doubt was up 183 points. the nasdaq rose 123 points and the s and p was up by 29 points. the major indexes are still in the red for the week, with traders expecting more volatility ahead. home buyers will be paying less for mortgages this week, according to freddie mac. the average long term us mortgage rate is down for 1/4 consecutive week. it's dropped more than three quarters of a point since hitting a 20 year high. just last month, the average on the benchmark 30 year rate dipped to 6.33% a year ago. the average rate was 3.1. the 15 year fixed rate mortgage averaged 5.67% that is also down from last week. a billions of dollars are made in the online marketplace. and for many americans selling items online is a side job about as evan brown reports selling a couch, reselling concert tickets or doing some handiwork could mean more taxes under a new irs reporting rule. millions of americans sell items online. f

edward lawrence fox business. okay we've been talking a lot about the weather. storm door is open .se, that means a good opportunity for rain and snow rain here. snow there in the mountains right through the weekend in a little bit into next week, and maybe beyond that, so here's system number one that's tonight. nice little system. we got over a half inch of rain in some places, quarter inch and other 10th of an inch and others not a big system but priming the pump, and then we get into this guy. which roles in saturday morning if you got soccer games or golf or whatever , it's going to be tough. i know they play soccer in the rain anyway, but it's gonna be one of those mornings where it's going to be tough to get through. if you got outdoor events, and then that's the whole next week, and you kind of feel activity is not going to stop it down. but you see how active it is. and the other thing i want you to see is this is that that the contours where the heaviest rains are going to be over the course of the next few days? right along the coast orographic lifting impacting the coast

you kept your composure that's what counts, edward lawrence at the white house. such a good job.does this next guest, steve forbes been the economic condition of this country right now, it doesn't seem to be getting much better in his eyes. of course he runs the ford's media empire. steve, one of the things that's interesting is with all the economic news coming out the retail inflation news and everything else, we're going to get the federal reserve meeting, the assumption is that it's going to hike rates this time maybe only, i say, only a half a point after one rate cut, rate hike after another, three- quarters. how do you think the markets react to that and where do we go from there? >> well the markets i think already anticipate it's going to be 50 basis points or half a percent. the real thing they are looking for tomorrow is the commentary with it. what are they saying, what are they going to hint about what they might do in the future and the markets are assuming that later next year the fed may actually start cutting interest rates because inflation is coming down, the e

edward lawrence in for neil cavuto. edward: we'll see if we keep it going here.

i'm edward lawrence in for neil cavuto. you're looking inside of the other part of the screen here of the city hall, the city council chambers where the news conference is about to begin. let's go to the news conference. listen in. >> thank you for coming today. last night in conjunction with pennsylvania state police, detectives arrested 28-year-old brian christopher kohberger for the murder of ethan, xana, madison and kaylee. i want to thank these agencies for their assistance in this case. kohberger resides in pullman, washington and is a graduate student at washington state university. we'll provide as much information as we can about the extradition to idea head and the criminal process. however, due to idaho state law, we're limited in what information we can release today until kohberger has had his initial appearance in idaho court. i want to express my appreciation to our local community. the people of idaho and those throughout our nation that provided information to help us investigate these murders has been very

fox business's edward lawrence has the very latest on this from the white house. edward? ashley, that price cap set by the g7 plus australia is now in place. it is set at $60 a barrel which is actually above what some oil traders are saying that russian oil is actually selling for on the open market. now what these experts believe, they worry is that this cheap oil will hit the market for everywhere else but leave shortages in the u.s. and european union. the u.s. is restricting the oil industry here asking opec plus to produce more oil, making a deal with venezuela to eventually put more oil on the market. >> now we're subservient to saudi arabia, to russia and other countries including venezuela. it is one of the dumbest policy decisions i've seen a president make in 35 years i've been doing this. not only is it bad geopolitically in the terms of the safety of the world but doing substantial damage to the american economy. >> reporter: gas prices on other countries, president heavily restricted and regulated the industry in the u.s. he used the strategic petroleum reser

edward lawrence in for neil today. edward, take it away. ed: how much i feel way after th

edward lawrence in for neil toda

. >> coast-to-coast and i'm edwards lawrence in for neil cavuto. 2022 lazy, stupid, send me money. they apply and republicans and community and de-pack and thousands of bags remain missing and we'll get you the latest and the airport. first, so president biden signing a massive $1.7 trillion spending package he has now signed into law 5.8 trillion in spending for trump senior in adviser and i want to get your reaction to all of this spending. >> i'll start with that. i've never seen anything like this and fiscal policy and i think biden has probably the most financially reckless president we have and you can't blame this one and joe schummer and pelosi and the republicans were in on this heist. from a political perspective i've never seen conservatives and conservatives and the green new deal. edward: the green new deal was $7 trillion in spending and the president has almost $6 trillion in spending that he's done as they're agenda just succeeded. >> i don't think anyone would have ever imagined and they saw covid as a opportunity to really open the door for opportunity and liberal

fox business correspondent edward lawrence is fresh out of the briefing room at the white house. ns us now, edward. good afternoon. >> good afternoon, trace. yeah, these talks are dragging on with tik tok. the concern here is over privacy and how much information the chinese government sees. the biden administration as you said had hoped to have a deal by now. in a statement the company tik tok tells us this. we're confident that we're on a path to fully satisfy all reasonable u.s. national security concerns and have made significant strides to implementing the solutions. concerns still linger. a former cyber security leader and ceo of side channel says the app can access your phone information and sway pins with the algorithm. listen. >> think of that at a national or military scale from china to the u.s. not from home depot to you as a shopper who likes lowe's instead. you know, we're not trying to convert shoppers. this is converting people's genuine thinking to national ideas. >> the biden administration walking a tight line here with china. so far refusing to ban or restrict

fox business edward lawrence sitting with john williams today, be sure to tune at 1:30 p.m. mornings with maria live on fox business. ♪ ♪ ♪ maria: welcome back, time for word on wall street, mark tepper, wealth enhancement group senior vice president nicole webb, great to see you guys, thank you so much for being here. mark, kicking things off with you with big event yesterday with jay powell, futures are pulling back fractionally on the first trading day of december after the big rally yesterday. it was the second biggest one-day rally of the year because federal reserve chairman jay powell said that we could see the slowdown in rates as we look ahead of meeting in two weeks. >> i was very surprised as to how doveish he came across. maria: me too. >> at the end of the day it's really not a matter of whether december is a 50 or 75 basis point hike, as we were talking about during the break with nicole, what i think really matters is how high that terminal rate gets and what's being priced in right now 4.9ish%. i think it's higher, closer to 5.5 which is not good for stocks a

edward lawrence probably knows at the white house with more. >> you are probably going to see a rate hike of half a percent. the white house feeling a little more confident about the state of things as gas prices are coming down a little bit. certainly not to the level when president biden took office. yesterday treasury secretary janet yellen told 60 minutes americans should get a break from inflation. >> i believe inflation will be lower. i am very hopeful that the labor market will remain quite healthy so that people can feel good about their finances and their personal economic situation. >> in 2021 it's the same treasury secretary who said inflation would finish at 2% last year and revised it to 3 and 4%. you see where that's going. elon musk says if the fed raises interest rates the risk recession will be amplified. recession warnings from bank of america, wells fargo and j.p. morgan chase. the white house press secretary sensitive whether the president's plans for inflation. >> you told me the inflation reduction act should bring down inflation early next year. if it doesn't d

edward lawrence at the white house to explain why and get reaction from their. >> reporter: 253,000 jobs added back to the economy last month shows the federal reserve they are not doing enough to slow this economy. that is what the market is reacting to. we could still see a 50 basis point rate hike in december as federal reserve president john williams alluded that he would support. we could also see more rate hikes, smaller rate hikes go throughout next year. we will see how that goes. on climate rate staying the same at 3. 7% but in that exclusive interview with federal reserve president john williams he acknowledged the tech sector layoffs but says he does not see that spreading. >> we are seeing reports in the tech industry of layoffs and also slowing indicators. broadly the economy so far we are seeing slowing of the pace of new hiring, obviously something we are watching carefully. we expect the rate of job gains to slow going forward. >> reporter: experts in employment raid to rise to 5% by next year but average hourly wages today up 5.1% year over year and the cpi inflation up

. >> dana: edward lawrence, thank you so much. what does it all mean for the markets? we'll ask maria bartiromo coming up at the bottom of this hour. >> in the meantime four minutes past the hour here. there is a big moment at the white house last night. president biden facing backlash over a seafood state dinner. they had lobster and the fish and lobster groups in america calling out the white house saying they're hypocritical for serving maine lobster after failing to meet with them about extreme industry regulations. maine lawmakers feeling salty how the industry is being treated. susan collins tweeted delicious, sustainable maine lobster is an excellent choice for the main course of the president's dinner. if maine lobster is good enough for the white house to serve it's good for every seafood retailer including whole foods to sell. they decided to stop selling maine lobster after a conservation group pulled its support for the industry. who would have thought, miss enter>> dana: . >> dana: i would call them a radical environmental group. democratic congressman fro

i'm edward lawrence in for neil cavuto, this is "your world."erage with matt finn in eagle pass, texas on how border officials are dealing with it and jacqui heinrich with the president in st

i'm edward lawrence in for neil cavuto. this is "your world." we have fox news team coverage with steve harrigan in atlanta on how flyers are holding up. peter doocy on the white house lawn and how they're clamping down. we begin with steve. >> edward, the frustration here is turning to anger. you can see this mountain of luggage here. most of this is three days old. when they sort this out, there's piles more downstairs that they expect to bring up. a lot of people have been stuck here. i spoke to a woman that had been here 24 hours stuck. she said she felt like she was one of the lucky ones. almost 5,000 flights, domestic and international cancelled today because of the winter weather. as many as 2,500 of those all from southwest airlines. when you talk to people, you get a sense of a rising anger and how they're being treated. >> my first flight was supposed to be at 7:00 a.m. my second flight was at 9:50 a.m. it sold out for tomorrow. maybe the day after tomorrow there will be another flight open. >> we literally spent half of christmas day

we're all over it with edward lawrence and shannon bream on the tik tok threat here and general jerry boykin on china's growing influence. welcome. i'm neil cavuto. let's begin with edward at the white house on the tik tok turmoil. what's going on? >> no movement from the white house about again for federal employees. but indiana first is suing now the companies over privacy concerns and as well as they're worried that the access that the data from the chinese government as well as possibly acknowledging that it may form addictions for children on the platform. five states have banned devices. listen. >> what i'm wondering is what the federal government is waiting on. they're the ones that are issuing these warnings and talking with our leaders at the state level and they're netanyahu taking action. >> so tik tok tells us they believe the national security issues will be resowed. the chinese moving on all fronts, signing agreements with saudi arabia worth $29 billion. one expert says this is part of a coordinated long-term plan. >> they're rounding up our allies in the names of fossil

edward lawrence is with me.e house when the inflation reduction act will actually cut costs. what did they tell you? reporter: telling me early next year. i press them on that. the reason the white house is feeling more confident the way things are because they're seeing gas prices come down. still nowhere near they were when president joe biden took office but coming down from the highs of the summer during his policies. now treasury secretary janet yellen told "60 minutes" yesterday she believes americans will get a break on inflation. listen. >> i believe inflation will be lower. i'm very hopeful that the labor market will remain quite healthy so that people can feel good about their finances and their personal economic situation. reporter: but in 2021 this is the same treasury secretary that inflation would finish 2%, revised it to 3%, then 4%. you see where that is going. meanwhile elon musk says if the fed raising interest rates the risk of recession will be amplified. his comments follow recession warning

maybe if edward lawrence is listening condition ask chairman powell this question, the consumer is loading up on credit card debt, especially in the holiday season when you see a lot of demand. the goal of raising interest rates to choke off demand but we can't seem to totally choke off demand. so what are they doing? leveraging up. balance sheets of households are being decimated with too much debt a lot less savings. i'm worried about the long-term economic consequences of that. if the fed, whose goal in raising rates is to choke off demand how they feel about the borrowing of consumers. we're at like, you know, financial crisis levels, pre-financial crisis levels of credit card debt again. neil: pce which you were alluding, mitch, david, i want to pick up on that, personal consumption expenditures what overall individuals are doing. they're still spending but to mitch's point they're piling up debt doing so. so there is a little bit of a, you know, a concern whether that, that will continue. where are you on this, david? >> yeah. i know i really want to focus on the sentiment for, the p

the president of the southwest pilots association told fox business's edward lawrence that this crisisn a decade in the making. >> this is completely uncalled for. all the employees are doing everything we can. at the end of the day southwest was not prepared. unfortunately this has been a decade in the making. we sounded alarm bells. we tried to get them to change process es but it's a combination of processes outdated technology and infrastructure. lauren: so have lawmakers still have 38 republican and democratic attorneys general. the warning signs were there and yet this happened. when things get back on track, quite frankly everybody wants to know when am i getting home, how much will it cost me and will i actually have a bag? southwest expects are you ready for this, return to normal, tomorrow? we'll see. fingers crossed. coming up they came from bonuses cha-ching, but goldman sachs is now warning they might get layoffs instead. are the latest job cuts the tip of the iceberg on wall street? i will ask don luskin. disgraced ftx founder sam bankman-fried expected to plea next week.

we have edward lawrence sitting down with new york fed president john williams for an exclusive interviewove markets, you want to stay with us, 30 minutes from now. apple ceo tim cook meeting with lawmakers today on smoothing things over. to take over the house come january. the white house claiming president biden has been to the border despite there being no record of any visit. we will talk to texas congressman dan crenshaw on what he makes of the crisis at the southern border and the doublespeak from the white house. we have a lot to get to this our. let's get started. first, our top story, the meeting between apple ceo tim cook and gop lawmakers

we're all over it with edward lawrence and shannon bream on the tik tok threat here and general jerrynfluence. welcome. i'm neil cavuto. let's begin with

i'm edward lawrence in for neil cavuto, this is "your world." we're all over it with mike tobin in chicago's midway airport. jacqui heinrich with the president in st. croix where the administration is vowing to get to the bottom of this and nancy mace on the billions in aid airlines received and the southwest airlines union head fuming over what he calls a catastrophic failure despite all of it. he's here. fox to mike tobin in chicago where it's all going down. mike? >> well, going down certainly is one way to put it. going downhill. you have this mass of bags standing as a visual example of that. what you have here is a line of people around the whole baggage area. they're being allowed by a desk one by one to walk into this purgatory of bags to expect the bags and see if they have found their bag. every once in a while a big cheer will go up. it's a terrible miss. you have 2,800 domestic flights cancelled. of that, southwest airlines is responsible for 87% of those. i said that wrong. 5,800 of the flights from southwest are cancelled. bags are

i'm edward lawrence in for neil cavuto, this is "your world." we've got fox news team coverage with matt finn in eagle pass, texas on how border officials are dealing with it and jacqui heinrich with the president in st. croix on how the administration is responding to it. we begin with matt. >> edward, day after day, we watch as so many of those migrants cross in to the united states right here in eagle pass, texas. we're seeing something unprecedented. the state of texas is bolstering its border here. these cargo containers were brought in before christmas and now over the past two days, we have watched as the national guard has put razor wire on top of those shipping containers. governor greg abbott's office tells us that its taking unprecedented action to enhance its border safety strategies. that's something that we're witnessing in real time here in eagle pass and also to the northwest in el paso where the national guard installed two miles of fencing along the border there. we have new video of yet another large smuggling bust. texas dps

i'm edward lawrence in for neil cavuto.re looking inside of the other part of the screen here of the city hall, the city council chambers where the news conference is about to begin. let's go to the

get your free offer at opendoor.com >> welcome back to "coast to coast" i'm edward lawrence at the whitea is suing tiktok over privacy concerns as well as saying that the app is designed to get kids addicted this follows a wave of states with concerns over tiktok. you see , there's a number of states that have already banned saying texas and south carolina the latest to do it. you see the other ones with more considering the move. now maryland governor larry hogan says the app could compromise sensitive information on state devices. >> the home to nsa and u.s. cyber command so we have ongoing discussions between our state leaders with all of the federal leaders. federal government seems to be really slow to act but there's no question they are a real threat. reporter: president biden actually ended a review of tiktok, started by former president donald trump. here we are two years later with the same concerns and a new review. now the treasury spokesperson saying no comment on when the review will be completed. now china expert and author of the 100 year their a monday michael pillsbury

edward lawrence has the story live on the north lawn. hello. >> good morning. indiana suing over privacy concerns as well as the state alleging the app addicts children. texas is the latest state to ban the app on state devices and some of the other states banning this app. south dakota, nebraska, maryland. south carolina and wisconsin on that list are also asking the governors of that state in order to do the same, follow suit there. i asked the white house about the federal government. listen. >> i'm not going to comment on tiktok while the committee on foreign investment in the united states is reviewing it. the biden administration is focused on the challenge of certain countries including china seeking to leverage digital technologies in america's data in ways that present national security risk. >> generally the white house is concerned where we were in 2019 when the previous administration came close to a ban on tiktok over data accessed by the chinese government. president biden ended that review. author of the 100 year marathon said it is part of china

we take it live to the new york federal reserve where edward lawrence just landed an exclusive news-making interview with new york fed president and voting member john williams. edward? reporter: yeah, liz, and they kicked us out of the building so have to do wisper of proximity, and we heard in the interview new york fed president john williams saying he is open now to smaller increases in the federal funds rate. he stepped down as he put it and eluding to the fact it could be 50 basis points in december. listen. >> so my view is we need to get the federal funds rate, you know, above the inflation rate, and sufficiently above the inflation rate to basically putting downward pressure on inflation. reporter: is that 5%? >> it will depend on how the economy performs, how inflation performs next year but i definitely see us, we still have further work to do. reporter: so he says that he hopes we'll see the inflation rate at 2% target by the end of 2025. now we heard a lot from president joe biden about how russia is to blame for the higher inflation, when in fact it started long before the ru

fed member john williams telling edward lawrence inflation is too high. take a couple of years to meet that foal. i'm not sure the markets want to hear that. charles: i'm not sure i know what the markets want to hear these days, cheryl. we'll go into that. thanks a lot. good afternoon, folks.m charles. this is "making money." breaking right now, investors returning the early christmas gift from jerome powell yesterday. here is the thing, could the market wake up to a sobering reality your next act after runaway inflation could be deep recession? i have ed yardeni, kenny polcari, sarah count here to break down in the santa claus rally is real with the miracle on wall and broad. at the end of that freed sam bankman-fried, folks that paid $1000 to watch him in person game him a hearty ovation. maybe that is the crux of the problem. senator tommy tuberville here to react later in the hour. you need money and now, what happens when you are prohibited from accessing your own money? another cautionary tale you have to hear on "my take." that and much more on "ma

the new york fed president sat down, by the way, with our very own edward lawrence to give us a forecastinterest rates and inflation, and what did he say, lauren? lauren: in a nutshel, get ready for higher for longer. >> it all depend on how the economy performs, how inflation performs next year but i definitely see us needing to get , we still have further work to do. we still have, you know, a ways to go beyond whatever we'll do in our upcoming meeting this month in order to get to that sufficiently restrictive stance. exactly what that number means will depend on the data. lauren: depending on the data, cpi, that comes, the last one of the year, it comes the day before the fed meets to determine what to do with rates. their last meeting of the month, do they go 50 as we seem to think or do they now go back to hiking for the fifth time in a row, 75? final point williams also said high inflation is likely to stick around until 2025 and i've been hearing that word a lot especially from, i was interview ing a toymaker the other day and he said look inflation is bad. we see it throughout o

edward lawrence has the story.k is being called the chinese communist party surveillance tool. how can this deal move forward like that? reporter: yeah, and that's the concern and this is what the u.s. government is trying to do. negotiate with the company. now, "the talks" that we're expected to have an agreement by the end of this year but the talks dragged on because as you mentioned those national security concerns over privacy as well as how much information is given to the chinese government. these are the same concerns the previous administration had with tiktok and that administration almost had it banned and now president biden came into office and in the first month canceled the review of the chinese app. it grew in popularity and now this new review, there's the same security concerns are back. >> there is sort of a mixed answer coming out of the white house where there are many people in government working for the president that are still using it. its got to stop but it can't end at just tiktok. we hav

you know, the great meteorologist the great scientist edward lawrence put forward a universal forum and here. now the situation is when karl butterfly's wave in kosovo in armenia in georgia can cause a hurricane in texas and they can't understand it, and here it is , uncontrollable so exponentially, the developing process that the americans are launching, so to speak, they are causing, among other things, a reverse effect that can hit them. chaotizing russia is difficult, almost impossible, of course, anything can happen, there are different people. there are different trends. different interests. but uh , during this time they have already shown that u russia is quite stable in its first choice, and most importantly, uh, russia's main defense against this hatization. this is calmness. this is a strict adherence to your strategy of not exchanging. here on those provocations that are taking place. let the butterflies hmm say so. masha is in other places, and in texas there will be enemies, but really there is this theory of controlled chaos and it is e in many cases. it is confirmed, but

mason richey edward howell and lawrence korb. i want to thank you for watching.ou can see the program any time visiting our website. for further discussion go to our facebook page. facebook.com/ajinsidestory. join the conversation on twitter. from me and the whole team here. ♪ k - you like vultures? [laughs] - i don't know if she knows what a vulture is. - you're gonna learn. - vultures are the unsung heroes of our society. - adonis, big bird. - i know about the bird, of course i know about it, everybody knows about the bird, right? talking about adonis, right? - i don't know why, what the attachment is to this bird? i'm trying to help somebody when i can't even help myself. [somber music] [ambient music] - [announcer] major funding for "reel south" was provided by etv endowment, the national endowment for the arts, center for asian american media, south arts,

mason richey, edward, how and lawrence cove and i want to thank you as well for watching. now you can see the program again anytime by the single website out there dot com. and for further discussion, go to facebook page at facebook dot com, forward slash asia inside story. and you can also join the conversation on twitter . handle is a j inside story for me and run con and the whole team here. the ah and join the debate. when we talk about climate change in africa, we should focus on adaptation knocked mitigation on air or online at your voice. it shouldn't be explaining that what that love, what not is being right now is being everything that is going to benefit them more revealing new perspectives like getting this out of proportion. no, no. his reach and has power is what is this proportionate? the stream we're a global audience becomes a global community. on al jazeera, he came from a wealthy background in paris and became an artist against his family's wishes. he went on to bring a fresh perspective to orientalist painting, falling in love with the harmon culture, ma

mason richey, edward, how and lawrence cove and i want to thank you as well for watching. now you can see the program again anytime by the single website out there dot com. and for further discussion, go to facebook page at facebook dot com, forward slash asia inside story. and you can also join the conversation on twitter . handle is a inside story for me and broncos, and the whole team here. the hong kong was once celebrated as a beacon for press freedom in asia, but as china tightens its grip on the city journalists fear, they can no longer speak truth to power journalists and media organizations like oral us, have to respect and comply with them all in 2019 increasing fears that china was eroding hong kong. so autonomy and judicial independence spot months of massive sometimes violent protests. the national security law, which criminalizes terrorism, secession, subversion, and collusion with foreign forces was introduced in 2020. it might be a conversion talking to you now accepting your interview it has become a dangerous depression, but dangerous occupation for peopl

mason richey, edward, how and lawrence cove and i want to thank you as well for watching. now you can see the program again anytime by the single website out there dot com. and for further discussion, go to facebook page at facebook dot com, forward slash asia inside story. and you can also join the conversation on twitter . handle is a j inside story for me and run con, and the whole team here. the ah a cost to work young activists and organizers, random, motivated and politically engaged, the felon just, they couldn't be more daunting here. and we were the ones who had life on what was going on in a way that was me. the media didn't. there's looking start, think about the lebanon is always in a, by nova formation, we have the agency to create the vibe of the generation trade on al jazeera. i just see those, our country with high poverty rates, with inequality. and these are here. he thought he's not an exception. many of the footballers in this country come from poor area such as this one is many of the members of argentina, national team come from places such as this on