Coming up after the bell, netflix and tesla. Netflix is going to reveal quarterly numbers, and ahead of it, it is trading down. We just hit session lows for netflix, pop down to the bottom, the stock stands at 345 and change, down 2. 7 . For the month necessary flint has netflix has not been pretty, down about 12. 5. Quickly checking on tesla, down 4. 8 ahead of earnings there. But keep in mind both are expected to report numbs that are higher numbers that are higher yearoveryear. All right, were looking at definitive riskoff sentiment as we kick off the final hour of trade. The bulls are many retreat at the moment. Weve got the Dow Jones Industrials down 257 points, s p losing 50, the nasdaq down 194 points or 1. 5 . But just as tocks wither, brent crude this is the International Oil bench of mark gushing above 91 a barrel as the israelhamas war reaches a new boiling point. Just 24 hours after a missile hit a hospital in gaza killing hundreds, both the u. S. And Israeli Intelligence at this hour presenting evidence it was a hamasmade rocket and not an idf missile that tore into the hospital. Regardless, prohamas and Iran Protests are breaking out in that region just as President Biden arrived in israel and stood with Prime MinisterBenjamin Netanyahu promising to help secure the release of the 199 israeli and Foreign National hostages snatched during the murderous hamas rampage 12 days ago. But now iran taking one big ten closer to center stage in the conflict. The president now on air force one returning to the Nations Capital as he tries the calm things and keep regional leaders in the loop. Treasury slapping new sanctions on hamas today as the Biden Administration seeks 100 billion in aid for both israel and ukraine. Coming up, gop president ial candidate Chris Christie is arriving soon at our studios. He has been very critical of President Bidens iran policies. Are these new sanctions enough . What needs to be done and what moves would he make as president if he were elected during this historic and increasing arely dangerous war . Right now we need to show you a massive progaza is that progaza or proisrael . A propalestinian, this is a jewish group. Can we get that correct . Okay. This is a jewish group right now at the capitol, and they are calling for a ceasefire at the moment. They are singing and chanting. We are getting reports that u. S. Capitol police are working hard to keep control of the situation. Looks calm at the moment, but it is increasingly getting a little tense as we are hearing from our reporters and producers on the scene. Arrests have been made and protesters in zip ties have been led away. This as lawmakers are struggling to get a speaker of the house appointed. Heres the latest on that. Congressman jim jordan of ohio got less, fewer votes the Second Time Around than he did in yesterdays vote. His team says he is going to fight on, but for now one side of the capitol is frozen in place. For more on the president s wartime visit to israel, we take it live to Edward Lawrence who is at the white house. Edward, multiple moving parts here. What do you want to start with . Ill let you take it. Reporter that protest group, by the way, was outside the white house yesterday and did lock down, basically, all of the exits, delaying staff getting in and out. There were some arrests made yesterday e by the secret service. The president , as you mentioned, hes on his way back here to washington, d. C. , will be back at the white house later on tonight. His trip to israel was cut short because of the canceled arab summit, but the president is going to speak by phone to the palestinian leader, hes going to talk to the king of jordan as well as the president of egypt. Now, President Biden pledged support for israel saying that he will be asking for an unprecedented military and aid package. If israel didnt exist, have to invent it. While it may not feel that way today, israel must again be a safe place for the jewish people. And i promise you, were going to do everything in our power to make sure that it will be. Reporter the president also met with families of those killed in the hamas attacks, also with these missing family members as well. 31, remember, 31 americans have been killed, 13 are still missing. The president strongly suggests that there are moves being made to get hostages out of gaza and away from hamas. President biden also pledged 100 million in humanitarian aid for gaza and the west bank adding that if a hamas steals the aid, it will stop. Then the president offered a peace olive branch to palestinians. Listen. The United States and israel are not measured solely by the example of their power, and were measured by the power of our example. Thats why as hard as it is, we must keep pursuing peace, must keep pursuing a path so that israel and the Palestinian People can both live safely, in security, in dignity and at peace. Reporter and we see images here, russian president Vladimir Putin in beijing where the chinese reaffirmed mutual trust and support for russia. The chinese president celebrating deepening political and economic ties. I can tell you the chinese have now a record amount of trade and oil purchasing between russia and china under president joe biden. Liz . Liz okay. And just a hop, skip and a jump away from where you are we want to take it back now to the protesters and to clarify these are many jewish groups at the moment calling for a ceasefire. They are saying that you want to stop the violence on both sides at the moment. You can see on the lower left theres a big black and white banner that says ceasefire. And again, were going to keep dipping into this because this is a live picture of the cannon rotunda on capitol hill. We know in the past, certainly january 6th, how things got completely out of control. Well keep our eye on this. It looks for the most relatively peaceful, well check back in on this. Dow down now nearly 300 points. With the conflict threatening to pill other into with neighboring countries spill over it is not just the dow, s p and russell showing fractures, look at the dow transports right now. As far as a percentage drop is concerned, it is the biggest. The dow transports at the moment are falling 2. 9 . It has gotten progressively worse throughout the day. All to 20 of the components, and these include trucking, railroads, airlines, ups, fedex are trading lore. And if you look at some of the u. S. Airlines, united is cratering after warning that its q4 profit will take a hit from the suspension of flights to israel during the war with hamas. And it has not been a pretty picture for any of the airlines. We should note that american, jetblue and Hawaiian Holdings are all hitting 52week lows this session. The cost of fuel, jet fuel, car fuel, whatever it is, bubbling up. Crude gushing right now at the moment 2 here in the United States. 2 , hitting a 2week high as saber rattling from iran, the Main Financial pipeline flowing cash to not just hamas, but to terrorist Group Hezbollah in the north, becomes louder. Paul sank key, who in 2016 was 2013 was named Number One Oil analyst and got that title for years after joins us live along with chief strategist scott redler. Paul, were talking a lot about iran at the moment. Today irans foreign minister blurts out that opec should cut israel off are from all fuel. Yeah, he called for an embargo, which takes us back to the 67 oil crisis, takes us back to the 73 oil crisis. And youve got to remember that was an Arab Oil Embargo in both cases, iranians not arabs, but as you know, it involves the gulf. As soon as you bring in the gulf of arabia, we get panic in key panicky. Liz it was about six or seven hours ago, aljazeera was reporting it, New York Times got it, and clearly we see oil now waking up. Although are you surprise frommed its not higher at this point . Surprised its not higher at this point . As we were talking earlier, u. S. Is much less dependent on imports, in fact, were exporters now of oil. 15 years ago we were importing more, 20, 30 years ago we were hugely dependent for driving big cars. Today were simply much less dependent on it, thankfully. Liz and u. S. Is a net exporter now. That makes a big difference. Heres another thing that i want our ruers to see. We decided to take a look and see what gasoline, the average price of a gallon of gasoline was a year ago, and its actually lower than it was a year ago. Today 3. 57 a gallon. Again, this is the average. I know in california, hawaii and some other states its a lot more. A year ago, 3. 87. Just a weeking ago, 3. 66, so the trend is lore. Does that surprise you . Is lower. The crude prices going up on geopolitical risk, the fundamentals of the u. S. Market havent changed, so gasoline price is under pressure from plenty of supply. Whats getting crushed is refining margins. This sort of geopolitical risk on the crude side without the strength of gasoline demand driving it becomes a refining margin problem actually. Liz russia is an interesting piece of this puzzle. Obviouslying russia is close with iran obviously, russia is close with iran. They have a very quiet relationship with the israelis, do you not . What do you think russia, which is the plus in opec , does . I think theyre watching closely thousand because its clear lay now because its clearly a separation. Thats unfortunate. Weve seen a lack of support for israel from russia and the perception they are more closely aligned with china and iran, so thats a problem. Compared to the 67 and 73 crises, weve never seen a situation where youve got conflagration in the middle east and in russia and ukraine. So arguably, depending on how you view the middle eastern situation, weve got more barrels at risk here because of russia being involved as well than weve had in history. Liz half of onehalf of an eye, certainly, on china at the moment, a big consumer of oil. China s probably eyeing taiwan at the moment. Well keep an eye on that. Lets get to equities, scott i give you one point . China spent more money on importing semiconductors than oil last year. Exactly. Thats whats going op over this. Liz the administration shutting that down, and by the way, let me quickly check nvidia which is down once again by 4. 5 after getting clocked yesterday on news that the administration was going to limit or at least shut down any export of u. S. Chips that are certainly the highend ones to china. And that was a problem9 with the equity markets because nvidia was the leader, the leader of risk. And and on monday it lost a lot of momentum. So its making this earnings season that much more important. So with netflix coming out after the close and tesla and the markets on shaky ground with oil skyrocketing, they want to see some good earnings, you know . Or or at least solid or fine. I think they want just fine earnings for netflix considering its down 12 for the month. Theres not a lot priced into this earnings season, so traders are going to be looking at the reaction to netflix if. If we actually rally a little bit on a decent report, because the banks looked decent, and they sold. Morgan stanleys at a 2023 low, bank of america, multiyear low, you just said the airlines liz 52week lows. Yeah, yeah. The markets kind of broken, so with leaders coming out with earnings, i would say traders want to see a better reaction postprint to a netflix tomorrow. Liz okay. That said, weve got to switch from, certainly, equities at the moment is and, by the way, the dow just hit a fresh low, loss of about 313 points. Last i checked, but this is not a pretty picture. Ive got to talk about treasuries at the moment. If we look at what treasuries are doing, this is not a traditional flight to quality as all. The yield on the 10year has topped 4. 9 for the first time in 16 years. This it is, 4. 904. Looking at the 2year, earlier i saw it at a 17year high, i believe it is still pretty much right there, 4. 21 . And, again, the 30year yield [laughter] 5 4. 99 . This is what the fed wanted. They needed yields higher to slow down the economy because inflations too high. So theyre kind of getting what they want, and equities havent been as pressured, so were in this pushpull right now which it seems like theres a lot of smoke and mirrors where the house of cards is getting close to shaking. Liz paul, before we leave, people look sometimes at the u. S. Dollar as a flight to quality. Right now its gold, hitting a 1month high, and it is above 1900 per troy ounce. The u. S. Dollar is an interesting play at the moment. Its weaker today, hence, oil is that correct . [laughter] this is a moving target. It is a moving target. Liz here we go. Gold is up 27 right now to 1963. If you look at the treasuries over a 30year period, i was talking about 67, 73 oil prices, we have a long way higher to go on the treasury. But we talk talked about the u. S. Changing to an exporter, and and thats broken the clear inverse relationship we used to have between oil and the dollar. So those days, the dollar would go down. Liz its great to have you both, paul and scott. Thank you. Lets check in back, as i promised, with those protests on capitol hill. Arrests have now been made in the rotunda of the cannon House Building as protesters call for a ceasefire. They are chanting, free palestine, preach and, quote ceasefire now. I know some of you are i seeing the head coverings that a traditionally jewish orthodox wear. It is a progaza rally by a jewish group. Some of the tshirts say jews for ceasefire and not in our name. Again, lets be clear, not a prohamas rally, a procivilian palestinian rally. Well keep an eye on this protest throughout the hour. Lets make a hard right turn here. [laughter] it is the not your fathers blackberry. The once dominant enterprise Smartphone Company taking a momentous step to complete its metamorphosis. It is about to fully shed its entire cocoon by spinning off parts of the company. Blackberry Ceo John Chen is here live to tell us about all of it and and how blackberry plans to fly again. And at t reports earnings before or the bell tomorrow. Right now its falling about twothirds of a percent followed by at t down 1. 5 . Alphabet and tmobile, obviously, the hard phone makers, down as well as verizon. Get help reaching your goals with j. P. Morgan wealth plan, a digital money coach in the chase mobile® app. Use it to set and track your goals, big and small. And see how changes you make today. Could help put them within reach. From your first big move to retiring poolside and the other goals along the way. Wealth plan can help get you there. J. P. Morgan wealth management. Nice footwork. Man, youre lucky, watching live sports never used to be this easy. Now you can stream all your games like its nothing. Yes [ cheers ] yeah woho running up and down that field looks tough. Its a pitch. Get way more into what youre into when you stream on the xfinity 10g network. I suffer with Psoriatic Arthritis and psoriasis. I was on a journey for a really long time to find some relief. Cosentyx works for me. Cosentyx helps real people get real relief from the symptoms of Psoriatic Arthritis or psoriasis. Serious allergic reactions, severe skin reactions that look like eczema, and an increased risk of infections, some fatal, have occurred. Tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. I move so much better because of cosentyx. Ask your rheumatologist about cosentyx. Liz its just a question, has Artificial Intelligence kind of lost its power as an instant stock popper . Blackberry just unveiled an a a. I. Cybersecurity assistant that will provide threat analysis, support and Data Protection and help reduce search times. The stock kind of hitting session lows here, down about 5. 25 . The tech and Cybersecurity SoftwareServices Company announced earlier this month it will spin off its internet of things and cybersecurity units into two independentlyrun entities. The plan . To ipo those companies in the first half of 2024. Joining me now in a fox business exclusive live from the New York Stock Exchange where he is about to ring the closing bell is blackberry Ceo John Chen. John, let me start with spinning off the two businesses first. Okay. Liz what is that going to do for blackberry, and what is left when it comes to the skeletal structure of the company . Okay. So we have two businesses today. We have a cybersecurity business, and we have an iop business. Some ip the iot business because its the very much focused on awe auto industry, medical industry, industrial i industry, so we will run it separately. However, blackberrys parent is going to own a major percentage of that company. Liz i see. And what is the sense that youre getting whether its from the market or from Institutional Investors, the interest in either one or both of these expected to be spun off companies . Yeah. The investor, the Institutional Investor likes the idea. They like, you know, its always known that a pure play company has a little better multiples, and because that particular company once it spins off or once its pratted, its making money and generating cash. So its something that a lot of people are interested in that aspect. So thatss what were getting the sense from. Liz why is blackberrys internet of things, why is it going to be prosperous in the future . Give us some context of what is out there, how it is better than what might be offered by other companies at the moment . We are, we have the highest level of safety certifications under a bunch of names. So we have the highest safety certification, and we ar