Stuart good morning, everyone it is 10 00 oclock eastern would begin with the fox business alert. Israel the strongest mideast ally is at war. This is a live look at gaza city where Israeli Forces are striking back at hamas terrorist they have murdered hundreds of people in israel including nine americans. The attack market the deadliest single day mass murder of jews since the holocaust. Israel has ordered a total blockade of gaza, no food, electricity or fuel will be let in to the territory. We will cover this all morning long. Heres a response of the financial markets. Filing played that is not the response a lot of people are expecting the dow has turned positive up over five points. Fractional loss for the s p, a small loss for the nasdaq. The price of oil going up this is in response to whats happening in the mideast, 8565 as we speak. Bitcoin, not much has changed, 27000 and change. That is israel, the financial market, now this. It is been downhill for the biden presidency since day one i three year slide into what seemed like constant crisis. The president will be judged by all of this, generally 20th 2021 Biden Takes Office and ends our Energy Independence. That was an open invitation for russia and saudi arabia to produce more oil and make more money. August 2021 the humiliating retreat from afghanistan. February 2022 russia invades ukraine after biden said it would be a minor incursion, that was a display of weakness imprudent noticed, so did china, beijing had squashed hong kong and moved on to trenton taiwan sent spies balloons over military bases and open police stations here, the president looked increasingly tired and unfocused. With iran, biden relaxed sanctions and produce 3 Million Barrels of oil a day and spent the money on drones for putin and rockets to attack israel. Are any of our enemies afraid of joe biden . No they are not. Do they worry about what he might do if they attack, partly not. Hamas has taken american hostages, why not biden gave them almost 6 billion at the recent prisoner exchange. Three years of the presidency amicus power and prestige has spiraled down. The city will believe he is capable of being president for five more years, does anyone believe america could handle five more years of this. Kt mcfarland joined us right out of the box. Trump says none of this wouldve happened if he were president , do you agree with that . Absolutely right. When has this happened, you outlined all the reasons the Biden Administration has failed in the foreign policy. The first one Energy Independence is one of the keys. When we had Energy Independence and price of oil was really low, iran, russia, our adversaries were broke they cannot afford a war, biden reverses that anna ron has a lot of extra money, he stopped sanctions on iran. All the sudden iran is flushed with cash with terrorist activities in the own nuclear program. None of that would happen during the trump administration. Another thing trump made really clear, i stand with israel no matter what, i do think the country in the region as well as countries around the world know that donald trump is capable of letting our allies do whatever they needed to do. To protect themselves so trump would have israels back if israel had to go into gaza, if israel had to deal with has bilal on the north. And if israel had to take out the nuclear site. Does anybody think joe biden will allow any of these things to happen, no. Mark my word, within a months time, probably within two weeks time biden will be calling for ceasefire, israel will be the bad guy in the middle east, israel will be responsible for all of the things in israel could be alone within a month. Stuart you think it could be that back . Yes, i do. Heres why. I think iran is governed by the sense that time is running out. It is now or never. If iran did not make this move with hezbollah, then iran was way to face the middle east which would have israel, saudi arabia all at peace. In dealing with each other economically, military, diplomatically with iran left to the cold so they said its now or never for me i have to push my proxies in the middle east. What i worry about the Public Opinion shifts in change and it will because the pictures that you will start seeing are going to be whats happening in gaza and the palestinians are really good at spinning it to look at like the victims. If the United States abandons israel were does not give israel what israel needs to finish the job, will israel conclude, i have nothing left to lose, now or never. Will israel conclude maybe you need to make a strike on Irans Nuclear sites. We have a bigger confrontation in the region. Stuart thats how i see things moving. Senate majority leader schumer is in beijing. He met with china xi jinping earlier this morning. He said he was disappointed by chinas response to the attacks on israel, what do you make of this. Give me a break anything xi jinping with what you do anything else or support israel. The new axis of evil and the new world order, that includes iran, china, russia, north korea. China is not going to abandon iran and the proxy allies. It certainly not going to rush to support even verbally support an american ally in the region. Stuart biden has solidified the new world order against us. Do you agree with that . Yes. The trouble with this new world order, who is in the middle we know who is on the one side they identify them we know who the good guys or the United States are the european allies and our asian allies but in the new world order, how are the europeans going to deal with china, are they going to be willing to divest in china, not invest in china, not let china invest in europe or germany, germany not going to sell its cars to china. Will our supposed allies be with us in the new world order or will they find an excuse to sit on the fence. Stuart who is in the middle, good question. Kt mcfarland thank you for joining us, we appreciate it. Supporters of palestine clashed with proisrael in new york city yesterday. What a big fight. It was loud. It was the new york city chapter of democratic socialist they held the propalestinian rally in times square and similar in philadelphia and chicago and then i started to listen to some of the speeches and they praised and shared on young people and cheering on the barbaric acts, they called it and they called it resistance storming illegal settlements paragliding into colonial borders. The crowd clapped. The new york governor, democrat, kathy hochul condemning their message also at times square you see the proisrael rallies that faced off against the propalestinian, not violent at all. They chanted shame on you in the new York Police Department is increasing security at synagogues in the area. Stuart that is the situation here. Take a look at the price of oil, 8590, surging. What did jeff seek essay he said President Biden made u. S. Slaves to opec, saudi arabia and russia have extended their production cuts. U. S. Drillers have pulled back because of the war on energy so i ask is this october 1973 all over again . No. If the wall street journal report is true that iran corrugated with a hamas attack israels response could determine the price of oil in the inventory that we have 17 days of oil and our Strategic Petroleum reserve is not enough to support disruption in the persian gulf. Stuart good point that could be go without. We will see. Check the markets again. Minor leagues read inc. Although the nasdaq is down 100 points, David Nicholas watching the market for us. What is the impact of the war on our stock market. I think it comes down to energy you were discussing this. I dont how energy does not surge going into this conflict you had russia and saudi arabia already announce wanted to have barrels of oil cuts per day. You have a global Oil Inventory drawdown just here at home are u. S. Strategic oil reserve is at a 40 year low. If it turns out this is what lauren mentioned if it turns out that iran had a big part of this invasion into israel. I would expect that the Budget Administration put sanctions on iran Energy Exports and also brings the supply of energy down. I think energy hitting higher that affects everything from shipping to infrastructure and oil impacts every area of this economy. I think that does not bode well for earnings going into fourth quarter. Stuart were looking for safe havens in the Energy Stocks are a safe haven. Also our defense stocks. Lockheed martin, is that a buy at this price. It is surging today but this is the name that we own a dividend payer you docketed a big growth but appraisal must 3 dividend and they have a strong Balance Sheet and they continually increase their dividend, this is about relative returns, this is not about doubling our money in the next month, this is where can i put money to work where im not would lose my shirt over the next few months i think that is defense contractors and treasuries as well. Unfortunately the amount of sanity that her government is spending is impacting interestrate and i think defense is where you want to be over the next few months. Stuart a big picture it does not look promising for stocks in the immediate future, does it. It does not look promising, the last 40 years weve made the wager because of our standing in the world that the world will continue to buy our debt and what we seem the policy coming home to roost were seen interestrate skyrocket here at home and Energy Reserve alltime low, big picture for markets and think we see volatility going into the into the year unfortunately. Stuart thanks for being with us on an important day, thank you so much. Lauren is back looking at the winners and losers. Semi conductor. It is down 6. 5 , Checkpoint Software cybersecurity company, 60 of the office space in israel they are down and so is tebo pharmaceuticals, the largest generic drug maker based in israel down 3 . Stuart the israeli connection down they go. Tesla. The china made ev sales fell 11 in september. They delivered 74000 cars from their plant in shanghai. That is not a good sign they reported earnings on october 18 and wells fargo ahead of that is cutting their price target to 260, 265. Stuart i would imagine Penn National and draftkings are up. They were up but in new york mobile Sports Betting hit a record of 165 billion in september. Stuart 165 billion. I think i had the wrong billion. 165. 6 million in september. Stuart that is a sizable number. The stocks are down. Top republicans throwing their support behind jim jordan the house speaker, the with the middle east crisis pete up the election. Wall street journal bill mcgurn joins with that. Defense force has regain control of areas along the border with gaza, this as hezbollah has threatened our country if the u. S. Gets involved. Trey yingst on the ground in southern israel, live report next. Is it possible to fall in love with your home. Before you even step inside . Discover the Magnolia Home james hardie collection. Available now in siding colors, styles and textures. Curated by joanna gaines. Teeth sensitivity is so common. It immediately feels like somebodys poking directly on the nerve. I recommend sensodyne. Sensodyne toothpaste goes inside the tooth and calms the nerve down. And my patients say you know doc, it really works. Heres why you should switch from chrome to duckduckgo. Duckduckgo is a browser you download to your mobile and desktop devices. Unlike chrome, the duckduckgo browser has privacy builtin. It comes with a private alternative to google search, which doesnâ– t spy on your searches, and it blocks cookies and creepy ads. And theres no catch. Its free. We make money from ads, but they dont follow you around. Join the millions of people taking back their privacy by downloading duckduckgo on mobile and desktop today. Stuart not that much price change on wall street despite the war on the mideast. The dow down 50, nasdaq down 80. Hamas continues to fire rockets at cities all across israel. Israels defense minister has ordered a complete siege of gaza. Trey yingst on the ground, the latest. Good morning since we spoke last hour renewed rockets fired into central israel. Siren sounded across the city of jerusalem. We are getting reports of a few direct impacts. Maddox responded to the homes to ensure if anyone was wounded were killed they could get there quickly to assist. We know all of this is coming as residents in the north of israel right now moments ago were ordered into shelters, they believe there could be renewed rocket fire for infiltration from southern lebanon. Overhead rockets streaming off the gaza strip. Really significant attacks, overwhelming Israeli Defense system. I want to show you earlier today in the city of ashkelon. Massive rocket fire into southern israel. You can hear the explosion overhead. Hamas has launched a huge barrage. Guys, stay down. There is an impact right here. The black smoke rising up. One of the rockets fired from the gaza strip slammed into a house behind me. Secondary explosions taking place. Many things on fire we can see debris on the road, paramedics and firefighters ran into the building, theyre not sure who was inside this is not an area evacuated. It is chaos but an example of what is taking place in southern israel. The paramedics bringing instructors to evacuate anyone wounded inside. As we were driving you can see people in the neighborhood running toward the building into the fire trained to look for people that mightve survived. Everyone was so scared. People are crying and we had to find shelter in less than 20 seconds. This is the way that we have to protect ourselves. Thousands of rockets have been fired into israel since the war again on saturday morning following the infiltration of his mass into he who slaughtered 800 civilians and soldiers, israel focused on the dozens of hostages taken as prisoners of war into the gaza strip. A violent and unpredictable day ahead. Stuart right in the middle of it. As i always say the wall street journal reports iran helped plot the attack on israel over several weeks. Bill mcgurn from the wall street journal joins mina. It shows iran at the center of the attack on israel could this be the beginning of a broader war . It certainly can, what it shows the snake is in israel at the head of the snake is in tehran. Stuart the implication is if israel goes after iran because of the central role in the attack that is a broader war, can you see it happening. Yes i can, the problem is the way to deal with these things there Strong Enough that they dont occur in the first place. There are all sorts of bad options israel does not want to go into gaza again. They have hostages. It promises to be very messy. So we have to firm up our support and build up our defenses. It shows you the idea its almost oneoff like russia and ukraine. China and taiwan oneoff. They all feed on each other the chaos. If youre a bad actor, russia, china, iran, north korea. You love this because america is going to be distracted and we have to get back to maintaining our defenses in making sure these things dont happen in the first place. Capitalizing on americas weakness. They smell weakness everywhere that they look. Stuart is joe biden the right president for america at this time of war . I dont think so but you have to go with the president that you have. It all dates back to the afghan debacle. A. Vanity project so bad it could make the speech on the anniversary declaring he got the troops out. Look what happened the collapse with all the equipment look what happened in the runup to this we gave iran 6 billion. These things have consequences and the bad people just laugh at us. Stuart donald trump says this never wouldve happened the horrific attack on israel would have never of happened if i was the president , what do you make of that. Of course hes going to say that. We will never know. Its irrelevant to fight those battles of what wouldve happened. What is going to happen now i would like to see donald trump call for specifics. We have to build up our defenses and sure up our allies. Imagine what people are thinking and taiwan now. They have to be scared. Witnessing this disarray. Stuart we need to speak speaker badly so we can keep moving. Can we elect a speaker quickly . I hope so, that is one of the prerequisites of the Republican Congress they have to realize we cannot afford to be speaker this at a dangerous time like this. We dont want 15 ballots before we select one and another guy agreeing to all these conditions. We want someone that can put forward a coherent defense and work with the president to beeff up our defense ensure upper allies and punch the bad guys that are working against our interest. Stuart i wonder what we will do with the gang of eight. Thank you for joining us we appreciated always. Governor desantis throwing cold water on the drama surrounding the race for speaker. Actually come then. Take us there with the governor said. Desantis says there is too much political theater in congress where he says lawmakers are playing out a soap opera and getting nothing done. He says people are more concerned with the necessities of life. Watch this. The people that are struggling to buy groceries and the people that can afford a mortgage or a new car, data really care who the speaker of the houses. They just want to see the job get done we have to not focus so much on whats happening inside of d. C. And focus was happening throughout the rest of the country. Talkative soap operas the new cbs news poll found the majority of americans support the removal of Kevin Mccarthy as speaker was 60 back in the move and three quarters of those believe mccarthy was just not effective. Also 54 of americans who identified as conservative expressed approval for ousting mccarthy while 70 of americans who call themselves liberals also backed the move. Stuart that is a split opinion. President biden has alleged his unwavering support for israel. This is the administration faces vast under backlash for a six begin dollar prisoners of ibm. Peter doocy will have that story coming up republicans calling out democrat squad members for the statements they made follow with