That first time you take a step back. I made that. With your very own online store. I sold that. And you can manage it all in one place. I built this. And it was easy, with a partner that puts you first. Godaddy. Maria welcome back. Good tuesday morning, everybody. Thanks very much for being here. Im maria bartiromo. It is tuesday, october 24, 7 00 a. M. On the east coast. Rapper 50cent slamming President Biden over the weekend for taking another delaware Beach Vacation in the myof a war on israel. 50cent posted a screen shot of an article with the headline, biden hits the beach with middle east, congress in chaos, 50cent writes this, hey, joe, get the bleep up, were in trouble, man. Many americans are not impressed with the president s handling of the middle east conflict. Watch this. I give him a c. I think hes an ass. B plus. I give him an f. Like everything with President Biden hes not too responsive on a lot of things, i think hes not as stern and firm as what President Trump was and i think the countrys failing because of it. His deal with the iran and the 6 billion he gave them, its awful. Convoluted together, its causing an issue. He needs to do better. I just think he needs to put put up a little bit stronger p front than what he is. Personally to me, seems like hes presenting the United States as weak. Maria according to the new york post, biden spent 40 of his presidency on personal trips away from the white house. Largely at the beach, joe. Well, yo i just spent the commercial break going through 50cent quotes, this is a very perceptive guy, a really smart guy. Hes saying what were all seeing when it comes to joe biden. You have really the defining crisis of your presidency. Its not migrants, not the economy. We will remember the crisis in israel and the war that broke up as a result in history books from here through posterity. This is joe bidens moment and spending your time on the beach and doing your little shuffle along the waterfront with your wife is as nice thing to do in august when nothing is going on in the world but when we have american hostage as, current hostages, currently in the hands of terrorists, whether youre doing something or not, you are the president. You have to portray that the entire weight of the United States armed forces and civilian diplomats are doing everything they can to resolve this crisis. Is joe biden doing that . No. It took 50cent to point it out but we can all a see it. Maria well, its a very dishdisheartening situation we are in america right now. Everybody sees it, rebecca. The country is in decline. You know, maria, you just cannot have a successive administrations, ill ee trump exempttrump from that, im shocd that this country is beyond their support for israel than we had just Historical Foundation of our country and thats really alarming to me and im glad that 5cent 0cen 0 50cent, his e made headlines. This is how we are feeling. Why are you on vacation when theres no leadership in the house, the world is at war in the middle east, just so many things going wrong and you cant even go into all of them. Maria and Everybody Knows it, cheryl. I mean, you heard those sound bites from people on the street. They recognize what has happened and its happened so fast in just two andahalf years on joe bidens watch. Well, and im glad you bring up the timeframe. Lests be clear, all of this began, the United States became weaker on the world stage when the disastrous afghanistan pullout happened, that was unjoe biden. He actually went against some of the advice of his generals at the time. We know that now. And history is going to not only show the afghanistan issue, its going to show china and now israel, ukraine, and im sorry but im going back to this 105 billion that hes requesting that the senate is going to take up today, you realize hes requesting more money for ukraine than he is for israel. And israel is where the tinder box is, israel is the one that is our ally, 1,000 percent, thats where we need to be. Look at his funding choices, only 14 billion for the southern border, maria. Its not just how he appears this walk and then he doesnt appear passionate or determined at all which is what i would want to see from a president right now, i would want to see anger, not sleep ian gear which is sleepy anger which is what i feel like thats what we got last week when he you addressed the nation. To be clear, were declining on the world stage and thats a very precarious position because its not just americas safety around the world and our troops safety around the world, especially in iraq, concerned about getting attacked from syria we are also now worried about attacks here at home. Thats why i think joe biden needs to be in that situation room every day, half the night, you could sleep later. Maria . Maria Kevin Mccarthy t the other day. S hes part of the group of eight who gets Intelligence Briefings on these kinds of things and he said the other day that there are terrorist cells here in america already. We know that there were plenty of people apprehended at the southern border trying to enter. We just spoke with you one congressman, johnson, who said yes of course hamas and hezbollah are trying to get in. Why wouldnt they . This border is wide open. Why wouldnt they . Exactly. Thats why i was frankly so shocked and disappointed, i guess not shocked anymore, but disappoint inned the fact that so little resources are being directed to the southern border. That is u. S. Citizens safety. That is new york, that is chicago, los angeles, San Francisco and look at, again, maria, you and i talked about this, look at the breakdown of who is coming through the southern border. Look at who is coming out of egypt, afghanistan. Turkey. This is frightening these numbers. Maria the most stunning number is the chinese nationals. 2,000 chinese nationals apprehended in the first two weeks of the new fiscal year. Thats just october 1st to october 14th. Two weeks you had 2,000 chinese nationals largely military aged men. You have to question what is going on and what is xi jinping directing because i dont think you can leave china for an extended period without having approval from the communist t government. Youve got all these people leaving and coming to america. Were going to keep a spotlight on that for sure. Meanwhile quick break and then were watching markets on a busy day of Third Quarter earnings, verizon just reported, its a beat, another 1 and three quarters percent rally there. We have ge. 3m, cocacola reporting double beats this morning. Were seeing ge raise guidance, stock up 6 . Were waiting for big tech. Weve got Major Tech Companies coming out after the bell tonight and throughout the week, the word on wall street panel is coming up. Dont miss it. Youre watching mornings with maria live on fox business. 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. Explore endless design possibilities. To find your personal style. Endless hardie® siding colors. Textures and styles. Its possible. With james hardie™. [soldier] take a look at this theyve left us a gift. [soldier] i think we misjudged them. I love horses. birds chirping [soldier] we should open the gate. Lets see what charlotte thinks. [narrator] at crowdstrike, we monitor trillions of cyber events to detect threats and prevent breaches before they happen to keep your business from becoming history. We stop cyberattacks. We stop breaches. We stop a lot of bad things from happening. Crowdstrike. Protection that powers you. Let newage products transform your garage into an area of your home you can be proud of. Modular steel cabinets let you pick and choose the Storage Solutions to keep your garage organized, with overhead racks and shelving, slat wall, workstations and flooring that let you create a showroom garage to call your own. Designed for diy installation. All you need is one weekend to take your garage from unusable to unbelievable. Visit us at newageproducts. Com. Maria welcome back. Time for the word on wall street, top investors watching your money, joining me right now is ubs private Wealth Management financial advisor, sarah ponczek. Ponczek. We are looking at an earnings driven rally. Thats what you want to see with a rally, right . Based on fundamentals, youve got general motors. 3m, verizon, cocacola reporting a double beat. Ge and coke raising guidance, ge stock has impressed me this morning, its up 5 and a quarter percent. After the bell were getting microsoft and alphabet, tomorrow we get meta. Thursday we get amazon. What are your expectations and reactions to what youve seen so far . Youre right, maria. That is exactly what we want to see. Much of this years trading been driven or predicated on Interest Rates even though theyve continued to move higher, thats where end vesters mind investors mindset has been focused. When you look behind the curtains its great to see strong fundamentals. This is going to be a crucial week for earnings, about 40 of the s p 500 in terms of market cap is reporting and in large part that is because were seeing many of those magnificent seven large cap tech stocks reporting earnings. If we look at the past three quarters, we have seen three straight quarters of year over year declines in corporate profits for the s p 500 but we do expect this quarter to be that turn. Were going to see profits return and in large part that will be driven by earnings from many of these large cap tech names. Were expecting about 30 Earnings Growth from these seven large cap names. So not only have they been driving the rally for the majority of this year but theyve also been driving the earnings as well. Maria thats a great point. With ge weve got 84 million in earnings after a loss of 313 million a year ago with microsoft were looking at the First Quarter for microsoft and the preview is talking much when you look at Analyst Reports this morning on microsoft, theyre talking about a. I. , share a thats supposed to be the sarah, thats supposed to be the big driver when theyre talking about what takes growth higher in the next quarter. Youre right. A. I. Has been a buzz word all year long in 2023 but the reality is that a. I. Is not just a buzz word. It is reality. Its happening in front of our eyes. And it is important if youre an investor to make sure you have a piece of your portfolio that is latched onto the future growth, the future profits that we are going to see for these companies that are at the forefront of the change because its going to be a huge money maker. So yes, when we hear from these companies, we want to the hear about their a. I. Rollouts, what are they doing, are they making money from it already, what do they expect in the future and ccap ex trends in the space. Maria they reported a sequential decline in azure growth, ayou azure is the a. I. T there, the Cloud Business and analysts are expecting that company to turn around, with growth in the fourth quarter, to turn around in this quarter. Well be watching that. Microsoft expected to report 54 andahalf billion in revenue. That stock is up yeartodate. So these stocks have been seeing some pretty good moves. Ge and all the tech names in the last several months. Rebecca, i want to get your take on whether thats sustainable especially with the cost of oil, the cost of higher rates. Oil prices are rebounding, investors are on edge with the israel, hamas war. Is that going to disrupt supply exports. Oil at 85, 89, down from 90 we saw earlier in the week and last week, but still this is an elevated price. Rebecca, your thoughts. Last week they announced the ending of sanctions on venezuela, and opec nation. Were expecting not immediately that would ease 200 to 300 you thousand barrels a day. And a that would help. Youre seeing that a little bit. Honestly, the i still think weve got a more oil shock pricing ahead. When youve got a war going on in the middle east which is literally the center of the world for oil concentration, youre going to have more price volatility here. And really oil, you know, maria, we had in the first three quarters, we had 75 billion of acquisitions or mergers announced. So thats the name of the game. North American Oil Companies are looking for ways to continue to give investors growth amid higher rates, amid higher costs of capital, amid global slowdown of manufacturing and orders and that affects demand for crude. All of these things will cause oil to be volatile for the rest of the year. Maria microsoft in terms of a. I. , it made a massive investment in chatgpt so thats really the a. I. Business. Invested 10 billion in chatgpt developer, open a. I. And unveiled a. I. Enhanced versions of its bing search engine. So youve got that, that well probably hear about tonight when they report as well as the Cloud Business as i mentioned earlier, azure. Rebecca, when you look at this tech layout and the stocks that have traded up so much all year, would you put new money to work here . Well, its hard. Microsoft is over 36 yeartodate. Right . And so that is really difficult to say oh, lets go and buy when it seems like maria now. Exactly. Its 36 from start to now. Thats a large but you know, maria, chatgpt, they have such a runway on that thing and they are going to be in the leading position for a long, long time. Its going to take the others a long time to catch up because already this is being implemented globally, so many people have got this on their phone, as an app, and so that is the beginning of it and people are starting to accept it in their daily lives, writing emails and Text Messages with chatgpt. This is happening. Maria i would also add that its good to see a little broadening out, sarah, today with the industrials getting in on the rally, right . I mean, ge is up, 3m is up, weve got some guidance thats better than expected. Thats a positive because its been all about this narrow rally in tech, to see this broadening out of industrials has to be good for any expectations that this rally has legs. Yes, we need to see some broadening out. Its been the story all year long that its a handful of names leading the rally. The market cap weighted s p 5 which is the normal index everyone tracks, versus the equal weight version, the spread weve seen all year long is a historic one. Its great to see cyclical sectors joining on the rally. Many experts will say thats precisely what we need to see in order to see this next leg of the market rally. Maria right. All right, ladies, great word on wall street. Great to see you both. Sarah, thank you for joining us. Rebecca, youre with us all morning, were grateful. Thank you so much, ladies. We will be right back. 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. Ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. The power goes out and we still have wifi to do our homework. And thats a good thing . Great in my book who are you . No power . No problem. Introducing stormready wifi. Now you can stay reliably connected through Power Outages with unlimited cellular data and up to 4 hours of battery backup to keep you online. Only from xfinity. Home of the xfinity 10g network. Marwell, Hamas Terrorists are reportedly raising millions of dollars in crypto leading up to the attack on israel. A Bipartisan Group of lawmakers raising concerns about this last week, asking the Biden Administration for swift action to protect National Security. The Treasury Department is proposing a label for cryptocurrency mixers which provides customers with anonymity, easing concerns over money laundering. Joining me is former cia Counter Terrorism analyst and crypto counsel innovation director for money laundering. Thank you very much for being here. We want to show this graph which shows hamas crypto haul just as of july 2021, you can see that hamas has raised millions of dollars through different cryptocurrencies. Tell us about this. So you know, what youve seen, theres probably a little bit of context that needs that is needed. You know, hamas has actually been experimenting with crypto over several years. I think going back to 2019 and they started with crowd funding, basically doing sort of very simple rudimentary campaigns where they would put up a crypto address and ask for people to send them funds. Those efforts were often i think somewhat successful, maybe immediately they were successful but they were a double edged sword because its difficult to raise crypto for a long time when youre sort of basically putting an x on your back telling authorities where you are or at least that youre raising funds. So they often were difficult. I think in terms of what were seeing long term, because theres been a lot of reports about numbers and in the billions, in terms of the context, i think what were probably seeing is the fact that hamas has been able to convert some of its funds, some of its cash from other sources into crypto, laundering through brokers on the ground in gaza, through other brokers and exchanges that are outside the Unit