Control of border towns along gaza calling up 300,000 reservists day four, the death toll more than 1600 dead in israel and gaza, President Biden issues a staipt last night confirming at least 11 american citizens are among those killed also, warning more americans may be held hostage, i spoke with mike pompeo on this program got his reaction to the war in the middle east. I dont think the world has fully taken onboard the scale he have what took place there, and when it does i think we are going to recognize that it is going to be a world that has to respond to this 1i americans dead we talked about israel, israel being attacked by hamas the truth is raerns killed americans the administration lying gaslighting the world saying 6 billion dollars isnt going to fall into hands of terrorists benefit them we certainly know that it will. Sobering words from secretary pompeo gerry baker from man instituted the Abraham Accords we were talking about peace in the middle east the same situation wideopen border, complete change in policy from Trump Administration to Biden Administration creating massive havoc for america. Mike pompeo, quite striking the story over the weekend saying plenty of evidence, sighting well placed source iran was involved in flange 2010ing execution on israel. That has been denied cross denied by israelis aubz iranians i am one hundred percent convinced the story is true the u. S. Is understood stands plea needs to go after hamas go into gaza do whatever it can to try to free poor hostagesed go help them i do not know how how were able to get so many out but going to do that got to try and destroy going to destroy as much of hamass mill capability political leeper got to do got to attack hamas in a way never attacked before mustnt forget iran behind this pompeo said at least 11 americans, that is i am afraid the result in part of an administration here that is been appeasing Iran Obama Administration wanted all kundz of funds tolerated all kinds of iranian power in the region syria elsewhere the Biden Administration doing same thing six billion dollars ridiculous idea the six billion dollars hasnt been touched sitting in the middle east untouched when you give six billion dollars to country makes that country six billion dollars rich tore spend that six billion dollars wherever it likes if deeper issue here, again i expect all immediate attention to be on gaza on hamas,israel will do what it can, to take them on but we really have got to radically change the way dealing with this country sworn to eliminate israel sworn enemy United States killed americans around the world will get the chance to kill many, many more allied with russia, china a huge threat has to be dealt with down the road. Second pompeo said i want to hear from President Biden at 1 00, why and how he permitted all of this to happen because of all of this appeasement the appeasement continues this weekend after hamas went into israel of you secretary blinken actually publicly questioning, whether or not iran is bad actor here watch this this is secretary blinken, you heard from secretary pompeo secretary blinken on sunday Morning Program this weekend. In this moment we dont have um anything that uh shows that you say iran was directly involved in this attack planning it or carrying it out but that is something looking at very carefully weve got to see where facts lead we do know iran had a long relationship with hamas. Really . You dont know what the the wall street journal knows. The secretary of state does not know but the wall street journal knows. Is it a maria the same you know super intelligence agencies that we had didnt see massive attack on israel, israel didnt see it either this idea smart intelligence can tell us something not true is i ridiculous the u. S. Doesnt want to acknowledge the link it is more than embarrassing an indictment of this administrations policies towards iran going to deny, deny, deny but evidence is undenyable. They wanted a press conference to say we are out of that all about messaging how it works a good day to say that were out of afghanistan by september 11 botched withdrawal of brought people out left allies behind all of that ammunition, joe pinion what about what this is doing in terms of the rest of the world propalestinian rallies throughout the station beyond protesters taking to streets of new york city, condemning israel over retaliatory strikes blaming israel for ongoing war it is outrageous in australia pro palestine demonstrators chanting gett gas the jews happened yesterday outside opera house. Where is the pushback from white house. Pushback from anyone, again we talk about it top of the show the home to the highest population of jews not living in israel right here in new york yet democratic socialists they have many ways taken up the cause of hamas they have actions of hamas with their list of grievances for Palestinian People same from beginning if you actually desire to have some type of agreement, you cannot keep sending terrorists to a table for peace, and so if sitting here trying to understand, what is transpiring it is quite clear, that there is that old saying stay ready never have to get ready what is come into focus now the fact we did not have onboard for iran was dismissed in june coming into focus now state department, special envoy you counterterrorism not in place look at iraq, israel, egypt kuwait no ambassador in place whether you call it failure by design or catastrophic failure by the Biden Administration to keep an eye on the ball make sure that we are secure the American People are paying the price the people in israel paying with lives certainly the chaos in gaza, now spilled over into another war raging, amongst all the other issues, happening all are on the world. Maria incredibly dangerous putting america in vulnerable spot we are taking a break when we come back we will check markets how they are moving as war in israel intensifies Eric Freedman here to weigh in on the challenges for investing today. Stay with us. Heir all each day, by helping those who need it most. We take great pride not just in the job our team does, but in them as people. Our people. And while were in the business of taking care of others. Its important our therapists know that with benefits from principal, theyre taken care of too. Maria welcome back a let going on this morning take a look at futures indicating a gain start of trading this morning, extending a big rally yesterday, the dow industrials up 40 nasdaq up 6 s p 500 higher by 1 1 2 one positive for the market oil prices are coming down, take a look at where they are, after surging better than 4 yesterday war in israel could reignite middle east volatility markets watching the price of oil 86. 18 down a fraction joining me right now u. S. Bank Asset Management group chief Investment OfficerEric Freedman thanks very much for the being here start of Third Quarter reporting season texaco major banks friday Delta Airlines tomorrow news china is wanting to do a stimulus package Interest Rates pulling back this morning, one of the biggest pressures for this market, what is most important to you . What will dictate market activity going into your end . Maria, great to see you as always, Interest Rates as you pointed out really the key variable, for us to go out with paying attention, is 5 on u. S. 10year treasury we had a couple opportunities, to breach that level last week, obviously, with jobs report that came in friday, two very important points this week the Producer Price index out tomorrow, then we have Consumer Price index thursday key levels what were looking for, is basically, not goldilocks scenario but idea inflation starting to come down Federal Reserve said 2 they are after for long term inflation we hope probably aggressive hope, progress towards 2 market looking for so again keeping that Interest Rate environment below 5 , 10 year treasury that would be key for bullish outlook the rest of the year. Maria right now yields on 10year obviously, are lower than, talk 4. 7, 4. 8 , but backdrop of course the Federal Reserve, the bond market closed for the columbus day holiday yesterday didnt have much participation, this morning, weve got yields down big 10year down almost 11 basis points right now, sitting at 4. 69 on 10year there seems a new sentiment out there, eric, that is that maybe the Federal Reserve can do another pause in this next meeting, we heard from a number of if he had officials yesterday the fed said entire yields may mean less need to raise rates, higher term premiums could do some work cooling the economy, jefferson from fed we will keep in mind tightening impact of higher yields. Do you think that now the market is on to new idea that well, yields are up we saw close to 5 10year that is doing the work for ted no more rate hikes . I think it does send a sfl we probably will keep one rate hike in the back of minds the rest of this year even though probabilities have increased to your point, when you have vision chair he jefferson saying market may do our work for us that probability we do think about risk inflationary pressures probably up versus down the rest of the year, if you look at a couple variables number one credit card Interest Rates have gone up 50 , in the last year and a half, from 14 average to 21 . A huge tax on consumers other variable, of course, out there is increased cost of housing and rent so those are settling down a little bit still very elevated so we do think the fed getting the message that the bond market is saying, not only are deficits an issue but also rapid inflation we think fed wants optionality open, dont let 25 basis points are a obscure expectation we still think 25 basis points november 1 or middle december more likely than not. Maria we have happenings in washington, 3 days until government runs out of money given short term continuing resolution to november 17 how worried are you about that, of course, talking about horrific war on israel, we understand the israelis say theyve gained control of gaza strip is this something you are looking at in terms of allocating capital how do you want to invest going into yearend in if face of all this. Absolutely, certainly first and foremost, the loss of human life brutality to see more grass half full heading into end of the year if we keep rates below 5 number the s p 500 can build on 4200 level, are would be really important the key test for the s p 500 we are above that we had a chance to revisit that friday. Also during trading yesterday, to see some participation broadening out is a good thing. So we do think places we want to invest think about still in tech we trim some winners that have been outstanding this year not give up on tech we also think energy is a theme to look into balance of this Year Properties have been very disciplined from expansionist standpoint smart with cash flow Balance Sheets a stock we think investors an make money in rest of this year and next year as well. Eric freedman joining us stay with us. Well be right back. Its easy to get lost in investment research. Introducing j. P. Morgan personal advisors. Hey david. Connect with an advisor to create your personalized plan. Lets find the right investments for your goals okay, great. J. P. Morgan wealth management. Welcome back Israeli Military says it regained control of the gaza i recalled border hamas says will not goernt on hostages until fighting is over President Biden expected to remark about the war this afternoon first same we hear from him publicly since saturday he has been completely not visible white house called a lid before noon yesterday fox news grilled National SecurityCouncil Spokesperson john kirby on the prisoner swap. That is money now going to be refrozen . I dont want to get ahead of policy decisions Going Forward here martha, as i said last time i and i talked about this that money can be refrozen at any time. Doesnt it seem time to do that we wont hesitate to make that decision if we feel we need it to is important to remind viewers that money will never be seen eye Iranian Regime why arent toe they freezing it right now mefsh House Appropriations committee congressman thanks for being here reaction to that . Well, this is a rudderless confused white house one of the reasons difficult position internationally and in middle east of course, is because we have an administration that is more reactive than proactive weve got to have a strong comment from President Biden, from the house, from the senate, from all americans to say we are going to support hundreds to thwart object horrific attack by hamas those would support it specifically iran weve got to use every tool available to us to quell this horrifically invasion, weve got to be loud, clear, unequivocal. In may of 2021 Biden Administration released 235 Million Dollars in aid to palestine palestinians, at the time Senior State Department spokesperson even admitted there was a possibility the money could go to hamas saying there are no guarantees congressman we know this already, what is behind this appeasement to largestmost swer sponsor of terrorism iran. No question weve fallen back under Trump Administration we took a hard line against all foes whether iran, china, russia, our foes riffs weakness in white house rudderless confused at the white house this has to change, but the reality is anything that we do to empower iran whether six billion dollars or otherwise is wrong. They used this money not only to fund hamas, hezbollah taken antiisraeli antiamerican approach did he stabilizing factor in the middle east saudis were ready to work with israel, they didnt want that, this is a time America Needs strong thank you bipartisan loud unequivocal foreign policy, in support of our allies israel in the middle east. The senate will hold a confirmation hearing next week for ambassador to israel. Jack lew, former secretary of treasury that is going to make a difference we didnt even have an ambassador in place. We dont have an ambassador in place dont have a policy in place. It is unfortunate President Biden had a ping nick rat white house other day during day horrific attack clueless we need strong resolve a speaker of the house able to get back to work not house pass Appropriations Bills as you know i have fought long harden to make sure we have iron dome funding i was the one addressed down tlaib on house floor look at tapes democrats tried to defund iron o dome i said weve got to Fund Iron Dome look how good iron dome has done not perfect but protects israel from the horrifically rocket attacks from hamas. You make a good point and thank you for that lets talk about the road ahead House Republicans holding official Candidate Forum today ahead 6 official vote for new speaker i spoke with Steve Scalise running to become next speaker says has real support here what is he just told me. I want to get right back to work on the Appropriations Bills, we are over 70 funding of government out of the house hasnt done zero we are in 80s when i finish first week as Speaker Congress appropriating bill by bill not packages omnibuses midnight hour deals. Congressman who are you supporting for speaker . I am supporting Steve Scalise. Jim jordan is a good friend i want the conference to be heard loud and clear last night a very good meeting was not official conversation about 150 republicans cordial it was deep it was thoughtful everyone got to say their piece a step right direction right now i dont know if either gentlemen mr. Jordan or mr. Scalise have votes we need to work towards getting a speaker as soon as possible it was my bill the energy and water bill of appropriations that was on the floor, speaking to steve right before motion to vacate came weve got to get o Appropriations Bills passed going to do that in house sit and make sure that deadline 45 day deadline 3 or 39 days weve got to get work done for American People it is imperative that we get a speaker of the house lets hope we can do that tonight, and vote on it tomorrow, it is object going to be difficult. Walk us through the process then i mean youve got some members who refuse to accepted another dime the Ukraine White House wants 4 billion dollars we already saw 117 House Republicans vote against that, now weve got discussion of an emergency spending package to israel. Obviously, going to be a bipartisan priority once we got priority on speaker, days left to get bills done how are you going to do it. Maria as you are aware i wa adamant support keeping the government open if we listened to voices to shut down where would we be we need to keep it open for markets to make sure that we qu