Welcome to AK!
You will need to give some more details, but I will try to help you with the info at hand.
I assume you have connected the TT to the correct input, labeled Phono. If the TT has a moving magnet cartridge on, it should give out output similar, if not somewhat lower, compared to a CD player connected to the CD or Aux inputs. If not, and if the level is very low, I would guess that perhaps the TT has a moving coil cartridge that gives much lower output. If so, it is likely you will need to turn the volume control all the way up to hear a faint or adequate sound but full of hiss and noise.
So, can you either provide the model of the cartridge or a picture of that? It would help identify it and narrow down the possibilities.
You also mention static. That's a broad term and could mean a lot of things. Leaving surface noise from the record aside, it could mean a bad connection between the cart and the headshell or a worn out cable from the tonearm to the phono sockets at the back of the TT (I assume there are RCA jacks there as you mention you are using an interconnect cable rather than hooking up cable that comes from the back of the TT).
It could also mean a very dirty stylus on the cartridge. So dirty it doesn't properly fit in the grooves. One long shot would be that the stylus is not seated properly in the cart (if it's a moving cartridge) and that makes the sound very faint. Had that with a Stanton 680 cart that for some reason had the "socket" go loose and the drag of the record pulled the stylus assembly out of it's socket.