Straight to your money. A solid rally in the stock market, the dow industrials up 206 d points, the nasdaq up one hundred 18 and gaining ground. Heres the real headline of the day financially, bitcoin, look at it go, 34,415, big rally in crypto today, the possibility, the hope of an etf for cryptos which would make trading in cryptos so much easier. 10 year treasury yield nowhere near 5 which is where it was yesterday morning, and out is at 486, the price of oil not doing much this morning, 78 a barrel. Oil is around 78 a barrel. Secretary of state Antony Blinken is attending a Un Security Council meeting on the middle east. We will bring you any headlines as we get them. Now this. The socalled squad has no shame. This group of far left democrats lies to the american people, you wonder how they could be in Good Standing in their party, they are rabidly prohamas, vigorously supported organization that terrorizes and kills jews, they put out, influence public opinion. Rashida tlaib has still not taken down her tweet accusing israel of attacking the hospital in gaza lodz that is a lie that has been thoroughly discredited. The tweet has been viewed 37 million times. On omar calls for ceasefire as if israel should not be allowed to pursue the terrorists. Alexandria Ocasio Cortez charges israel with more crimes. Where was she october 7th when hamas butchered israeli civilians. The squad and their supporters are a powerful block in the Democrat Party, they have deeply offended other progressives especially jewish progressives until october 7th, liberals united behind their causes but hamas committed atrocities on jews and barely a murmur from the left. Many feel abandoned by their former friends. It may be Jewish Voters the Democrat Party is about to unwind. Second hour of varney just getting started. The gentleman on the right hand side of the screen is guy ensign, jewish people traditionally vote democrat. Will that change . It might for some of them. Some scales have been falling from peoples eyes and theres a possibility it is not just on this question. If you are a progressive and you support is real and value the life of jewish people and look around and see how many of your fellow partisans or fellow travelers dont share that core value and are taking pretty aggressively the side of hamas, a terrorist organization, perhaps you will consider the possibility, the moral compass is miscalibrated on other issues as well. Stuart you probably heard this from other sources, many people woke up on october 7th sympathetic to work ideology. They went to bed questioning have they signed on to a worldview that had nothing to say about mass rape and murder by innocent people, do you think some wokeys are waking up to this . Actually away, finally, perhaps. You see where a lot of this starts on campus, insane indoctrination by insane faculty members and this insidious poisonous toxic worldview where everything is about grievance. Look where that has ended up. People call themselves progressives. A disturbing number of them see part and parcel of progressivism just basically either defending or excusing or cheering on openly the slaughter of hundreds of innocent people because they are israelis, because they are jews, people wonder what is the progress . It makes perfect sense under this warped worldview, others might not be so sure. Stuart the note says, quote, the early versions of the coverage rely on claims by hamas but did not make clear those claims could not immediately be verified. I believe that an admission of error. It effectively is an admission of error. It is carefully worded. The shorter version of that is we shouldnt have taken a terrorist group at their word, because they were once again lying. That the reality of this. Hamas lies all the time, they are genocidal maniacs who want to end the israeli state. When something happens and they say this is what we are saying went down it is incumbent on every journalist to check them and check them again because the terrorist group should not be trusted. Going back to your monologue, Rashida Tlaib let the tweet up about the hospital bombing that never was, the parking lot got hit by a rocket fired by islamic jihad, she has that tweet live, she doubled down the next day in a public speech blaming israel and she just gave another interview tripling down on this, what an absolute stain on the institution she is, in my view a rabid bigot. She refuses to believe the evidence, her own government, doesnt have to believe is real, the evidence is now clear. She chooses to take the word of hamas. Thats revealing and disturbing. Stuart they have no shame. See you again soon. Chinese officials changing their stance on the war in israel. Lauren this is from the Chinese Foreign minister who says israel must protect civilians but here is the point. They have the right to selfdefense. China has refrained from condemning hamas, weighing is in washington at the end of the week. This lays the ground for president xi and President Biden to meet in san francisco. Stuart back to the markets, dow is up 200 points, nasdaq is 100. Are we rallying through the pain . Scott we are trying to. We have some earnings that said good things, now it will be a long road. I cant ignore the 36 years ive got in this business, the signs that i see in front of me. Weve all been arguing whether we would have a recession. I dont think that the issue. It is when, that is the what the argument should be. Weve got tax revenues down 10 this year. The Biden Administration and a lot of other things raised taxes. We should have seen taxes go up. They went down by 10 . That is a problem. Number 2, we keep looking at great job numbers, the notices that employers have to get when they are laying off a certain amount of people, those have skyrocketed. Weve also seen subprime auto loan debt, those that are 60 days behind, up by 6 , that is the highest since 1994. Lastly, you cant get around the fact the Housing Market is stalled, not happening. Everyone is listing their house for prices they would like to sell in 2,020 one. Everybody with a mortgage at 3. 125 will not have that mortgage. You have to see prices come down a lot or Interest Rates come down a lot. I dont think you will see Interest Rates come down a lot but have a reckoning. Its in a virtual standstill. All those things tell me we have problems and the consumer is starting to crack, they are spending on fumes. It is just when, not if. Stuart tomorrow morning around 8 30 we will get a look at the economy, gdp numbers, likely to show a growth of 4 , maybe 5 . Thats not a sign of recession. Scott we have to have two quarters in a row of negative growth to have a recession. To come off about 5 number it will be difficult in the shortterm. From the bureau of labor statistics that havent added up seasonal adjustments, with seasonal adjustments last it was down 5 before seasonally adjusted 0. 7 . I just want to see more covid stuff get through the system before i can start believing a lot of these numbers. So many distortions and im not making excuses. If you look at the things put out by the government, its not giving bidenomics is not giving me the feeling these numbers are. Stuart scott shelladdy, always original. This is a rally on the market. The dow was up 250. Lauren is looking at the movers and that would include verizon. Lauren the dow raised its free to 18 billion and it added greater than expected Wireless Phone subscribers. Stuart how about spotify . Monthly active users up 11 but premiums, those who pay 11 a month grew those numbers by 16 this year. Shares have doubled in 2,023. We won with bitcoin going to 33,000 a coin. Bitcoin and crypto related stocks. Lauren double digit gains not just for micro strategy, 30,000, all of this is speculation that Exchange Traded fund that tracks bitcoin considered safer and less volatile, is sec approved. Stuart like a star. Bitcoin 34,000. President biden says bidenomics has been a success. President biden investing in america. Investing in the american people. Investing in our future. I have never been more optimistic about americas future. Stuart later in the show we will see what senator bill cassidy think of that, hes on the finance cody. Autoworkers on strike in los angeles. What are they doing . Hiring migrants from the homeless shelter. We are all over that one. The pentagon says it will hold iran responsible for attacks on american troops. How exactly will biden hold iran accountable . Senator joni ernst on that next. American infrastructure. Megawatts of power, rails and open road, and essential services of every kind. All running on countless invisible networks, making it a prime target for cyberattacks. But the same aipowered security that protects all of google also defends the systems running americas infrastructure. For these services. For the 336 million of us living here. The last eight years have been the hottest in history. Canadian north resources plans on doing its part to combat the Climate Crisis by developing a vast resource of Critical Minerals for Clean Energy Initiatives worldwide. Canadian north resources. Heres why you should switch fo to duckduckgo on all your devie duckduckgo comes with a builtn engine like google, but its pi and doesnt spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. And theres no catch. Its fre. We make money from ads, but they dont follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. Municipal bonds dont usually get the Media Coverage the stock market does. In fact, most people dont find them all that exciting. But, if youre looking for the potential for consistent income thats federally taxfree, now is an excellent time to consider Municipal Bonds from hennion walsh. If you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 18002173217. Well send you our exclusive bond guide, free. With details about how bonds can be an important part of your portfolio. Hennion walsh has specialized in fixed income and Growth Solutions for 30 years, and offers highquality Municipal Bonds from across the country. They provide the potential for regular income. Are federally taxfree. And have historically low risk. Call today to request your free bond guide. 18002173217. Thats 18002173217. Nasdaq up 104. And 3 weeks into the war, israel escalated its bombardment, and two hostages were replaced today. A lot of what you are experiencing. And we are riding along the volunteers, and did we have this rocket fire consistently coming out of the gaza strip. There was some rocket fire today, no one was injured. And she is telling her tale now after getting out of the gaza strip, after being overwhelmed, and forced onto the back of a motorcycle . Ive been through hell. We never knew we would come into the situation. And laid me on my side on a motorbike and ran into the same thing. They blue up dozens, dozens of houses, kidnapped people like me. There is no difference between men or women. It was very painful. Reporter her story is remarkable and value. It is a spider web of tunnels under the gaza strip. They broke into groups of 5. They play the pr game. And sanitary corbin for the women. And putting pressure to the delay the Ground Invasion to gaza. Driving around, being ready to help people in the event a rocket gets through the iron dome system. Stuart thank you. The pentagon says it will hold iran responsible for the recent drone attacks on us troops. Senator joni ernst joins me now. How should biden hold iran accountable . Reporter so many things President Biden should have been doing already. One is formally freeze the 6 billion of aspect in qatar that he released to iran earlier or last month. To send a message to iran we are refreezing these assets, with increasing sanctions moving forward. I had an official tell me, quote, senator, iran, is one of the most sanctioned nations in the world. I said yes, but it doesnt matter unless you enforce the sanctions. Scrapped the nuclear deal. All of this appeasement is getting us nowhere. We are just enriching iran and allowing them to fund hamas and allow these terrorist actions. Stuart larry kudlow was on the program a few minutes ago. He would go further. Apply the sanctions, freeze the money. He was also talking about ships going from iran carrying missile parts to russia. Would you go that far and take action of that kind . Reporter thats appropriate as they fund and out for this war. And a strong message for iran as well. When you come after americans we are coming after you. That needs to be loud and clear. Weve seen 80 attacks on american strikes in the last 3 years since President Biden, has responded to a handful of strikes. This is abominable, this should not be happening. It just proves to the world that america has week leadership. Nows not a time for that week leadership. We have to stand up, be strong, be united with israel on the world stage. Stuart Border Patrol is warning terrorists from hamas and hezbollah may have crossed our southern border, they are here. What are we doing about this, if they are already here. And they are so intent on appeasing these authoritarian regimes. And they openly cross. And in the last month, go across the border from nations that have a Security Risk to the united states. The increasing interest in these we have to secure the border. As well as assist allies and friends and pushing against these regimes. They have to hold these authoritarian regimes like iran accountable. Stuart senator joni ernst, thanks for being with us. And some are replaced by migrants. Tell me more. Ashley they hired migrants from homeless shelters, they working unionized hotels. Workers have gone on strike. 15,000 workers striking and 60 Southern California hotels since early july. Refugees and asylumseekers are legally allowed to work and employers to hire replacement workers. There are claims some of the migrants have been exploited with potential wage theft, long hours, violations of child labor laws. George gascon is saying if those claims are true, there will be severe consequences for hotel operators. Stuart thanks. Squad member Rashida Tlaib tripling down on the hamas narrative, israel was behind the explosion in the gaza hospital. Wait until you hear what she does now. Hamas is released two more hostages, they may release 50 more with dual citizenship. Whats behind these releases . We get into that next. Trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the awardwinning trading platforms. Bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. Tailor the platforms to your unique needs with nearly endless customization. And track Market Trends with uptotheminute news and insights. Trade brilliantly with schwab. I got into debt in college and, no matter how much i paid, it followed me everywhere. So i consolidated it into a lowrate personal loan from sofi. Get a personal loan with low fixed rates. Borrow up to 100k. And no fees required. Sofi. Get your money right. Hive digital technologies. A leading Bitcoin Miner and gpu cloud operator is building the infrastructure of tomorrow, featuring a robust Growth Strategy that aims to double its mining capacity while accelerating gpuon demand business. Hive digital technologies. Stuart got a shock when i tuned in to see what the price of bitcoin was, 32,300, straight up overnight. We start with moderna which was 3 higher. Lauren they dosed the first participant in a phase 3 study of the combination covid and flu vaccine. Is going to be a trial of 8000 people and targeting real tory approval. Stuart two vaccinations. Draft kings. Lauren they like the cost controls and new product, stock is up today, up one hundred 50 this year. Stuart just about everything is a big time except bath and body works. Lauren i want to round out, down one. 5 , jpmorgan, they took the price target down 3 , 40 want to 27, and more promotions. Stuart the uaw extended its strike . Lauren the texas plans that make thing profit machine is the moneymakers. This is the texas plant that makes the sportutility vehicle. Can you say that, on strike now. And 40,000 workers on strike, because of the Ripple Effect they had to lay off workers. Layoffs are over 7000. Stuart usually to include profitable factories. Because of the strike, where it was. That is why they pooled their for your guidance. How do you do that . They are offering 20 wage increases and other benefits. How the remain profitable when you are paying workers that much more . Stuart 29 mgm right now. Hamas has released two israeli and hostages, they release 50 more, the president of the is radian iranian islamic forum, and going to be a frequent guest in the future. Where did hamas release these hostages . There strategy radical islamism, it is the manual of isis, basically they are in for a long siege, they want to release the drip of radical islamism, that is what hostagetaking is about. They live to die and it is the militant manual and it is all about asynchronous warfare so they want Prisoners Released from israel. They use palestinians as cannon fodder and our prayers are with families of the hostages, hope they are released. And hope israel decimate hamas once and for all. Isis went away, hamas comes back, al qaeda comes back. This is what we need to counter in the muslim community. Stuart sounds bad to say this but taking hostages is an effective strategy. It is working, isnt it . This is the problem. This is why iran could never have nuclear weapons. This is why we have to decimate them when we can. There strategy is about end of times, the afterlife, they will do whatever b