and experiences fell short of your expectations of us. trace: pete buttigieg tweeting that the chaos is unacceptable . the department of transportation is investigating. mike tobin is live from chicago midway international airport with more on this. mike, good afternoon. good afternoon, trace. southwest executives are promising an end to this ugly chapter in aviation and a return to normal tomorrow with minimal disruptions. almost 2,500 cancellations today across the board of american aviation. but 2,300 plus of those belong to southwest airlines. they still feel the impact of the meltdown from this winter storm. jump ahead to tomorrow. that number drops to 39 projected cancellations again as the executives are promising a return to normal operations. southwest customers have had enough. i need my medicine, my charger. everything, my perfume, all my personal stuff is in the suitcase. some presents for christmas. so my concern is really one of my bags is all christmas
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 says 18 illegal migrants including a child were being smuggled inside of a tractor trailered. the driver was arrested for human smuggling. texas dps says people from al
premature that we re seeing the labor market meltdown right now. until then, inflation is an issue. yes. this was the year of services inflation. last year all goods. now the goods are coming down. now it s services, things like shelter and all the rest. for services, the biggest cost is labor. until the wage inflation gets under control, services and inflation continues. the federal reserve is forecasting two to three more rate hikes. that people s credit cards as interest rates go up on that. you know, are we staring at a recession because the fed is acting more aggressively? any time the fed is raising, there s a risk of a recession. its tools are blunt. raise one interest rate, see what happens to the economy. in this environment, they re shrinking the portfolio. we ve never done that before. who knows how that is happening. with very the problems in ukraine, we have covid in china. there s a lot of uncertainties out there.
we need to be concerned about china purchasing american farmland and the impact that could have on the food supply. trace: we have to go. they re going to cuts off. thanks. that s the story of thursday, december 29. as always, the story goes on. your world with neil cavuto is right now. neil: so the year may be wrapping up but the search at the southern border still not letting up. border encounters averaging 7,000 per day. a whopping 617,000 total encounters in the last three months. a new record. that s more than the populations of tampa and baton rouge combined. welcome. 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