Transcripts For FBC Varney 20240702 : vimarsana.com

10 00 oclock eastern to the money a lot of red on the lefthand side of the screen the dow is down 70 points, look at the nasdaq 170point, shall be big tech, microsoft it is a big winner, up 13 bucks 4 that is a dow stock, the big game puts extra 100 points onto the dow. In other words without microsoft the dow would be negative, google having the worst day in a year, google on the list, down 8. 3 , take a look at the ten year treasury yield moving up significantly, 4. 89 thats where it is now, twoyear well above 5 you are at 510 as we speak, the latest read on new home sales, not existing, new ones. So much stronger than expected they sold at the seasonally adjusted annual rate of 759,000 in the month of september that is up from august which is revised to 676,000. As for the price, median price 418,800, that went down from the month of august. As you have rates that a 23 year high for a mortgage, is that starting to break the back of the price of homes. Stuart maybe. Im being overly optimistic. Stuart that is it. Now this. This is not the time to go wobbly, Margaret Thatcher used to say that when a colleague turn soft under pol policies preprinted abiding to wobble over the war on israel, his rejected calls for ceasefire has regulated the party. Hilary clinton, she was tackled for not opposing biden. In the squad will go all out in their support for hamas. This is a difficult thing for the president because hamas holds over 200 hostages, including some americans. Biden backtracks on crushing hamas the left looks powerful, the terrorist when in israel loses, this is no time to go wobbly on terror. Same with iran confront dont appease. American soldiers were injured in drone attacks orchestrated by irans proxies, they are attacking us, watch the response, secretary of state blinken threatens iran with a decisive response, any backing away from that would be taken as another sign of bidens weakness, that is at the heart of all of this, our president as seen as weak, we cannot go back and reset that. We must advance, go forward, take the action to those who challenge us, anything less encourages or intimates. He is under great pressure from his own party to wobble, retreat on gaza and hamas, iran and the mullahs, 1230 eastern will find out where hes headed he takes questions from the media, First Time Since the war on israel began. Second hour of varney just getting started. Stuart liz peek joining us this wednesday morning. Will President Biden plink if iran starts to push back some more. I think hes already blinked, he starts out wobbly there is no prize there, what i mean by that, iran has been behind this attack from day one. Its been behind all of the attacks from hezbollah, the hoodies, et cetera and joe biden did not call them out and still hasnt he talked about in the Oval Office Address and that weve been holding them accountable, no we hasnt he been funding iran as we all know by loosening the sanctions and allowing oil exports to increase. I think he got himself in a lose lose situation and a week ago, the jury was out on the wisdom of going to israel, making him the face of the conflict. Now it looks like joe biden is pulling the strings. If it goes badly its good to be joe bidens head on the line not necessarily Benjamin Netanyahu or the other people writing the reaction israel. There was ironic thing up on twitter saying emperor asked for ceasefire after pearl harbor, thats what it looks like to israel, they had a horrific thing happen, no excuse whatsoever, terrible death and destruction and we are calling for ceasefire or people in our country are, what are they thinking, that is unconscionable also going in and having an enormous civilian deaths result from under attack in gaza also unconscionable, a terrible situation and i dont know what the outcome will be and i dont know the right path forward. Stuart dont wobble for sure. Stuart you have an oped about liberals being surprised about antisemitism and intolerance at elite institutions like col colleges. Are the liberals finally waking up to this. I think what really happened and what is terrific, on the awful lot of people who been watching the leftward drift radicalization of our campuses because theyre seen the terrible protest in favor of not just palestinians but hamas in some cases, they are saying enough and thank heavens. One study eyesight in this piece, 40 of the most prestigious schools there is not one republican teaching history or journalism, not one in 40 schools thats an astonishing statistic and its accurate and does not surprise me at all. Stuart not one in 40 universities with not a single republican teaching history or journalism. Where you think this incredible journalistic vilest comes from its a fulfilling cycle. The only language the universities understand his donations, money, we are trustees and administrations who basically kowtow to the left for 20 years, allowed students to run the asylum which i always thought was completely insane, they would not be students if they knew what they were supposed to be doing and now finally getting a little bit of a hit in the pocketbook, its going to take a while because some of the harbor endowments, 52 billion will take a while but the prestige in the reputational impact in the money eventually will take a toll. Stuart one quick, i think its my generations fault and respect. Im a baby boomer the 1960s and a lot of radicalized people stayed in the colleges to become professors they carried on the radical tradition. It was because of the vietnam draft. You would not be drafted if you are teacher in a college or school so they decided to become teachers, the hired people like them, antiwar leftists, here we are, it took a while but people are waking up. Stuart lets get to the 2024 race, a new poll shows trump and biden tied it a potential rematch, tell me more. The usa today the rematch at a dead heat 37 37. Of rfk junior is on the ticket as you see he gets 13 support, that takes votes from trump, how much so, trump leads without rfk by a very slim margin 41 39, what is the bottom line, third parties are spoilers this time around a little bit more so and i think voters want new options. A change of pace and changing direction a change of mentality and it looks like theyre not getting it. Stuart im not sure a third party could get on the ballot in all 50 states. What about a bipartisan ticket, 26 say they would favor one republican one democrat on the ticket. It doesnt always work like t that. Stuart lets get back to safe ground, the stock market, dow industrial down 130, look at the nasdaq, down nearly 200 points, david zuzu ski with me this morning. Tomorrow morning 8 830 eastern time the new figures on the economy. It looks like its expanding at a 4. 2 rate that is a fast rate of expansion. If that is the number tomorrow do you think Interest Rates are going up . Great to be with you this morning. If we get a higher gdp number there is no question that the resiliency of the United States of america has surprised many including myself as far as where we are right now. There is some resilience and great strength going on but i want to go back to the Congressional Budget Office and some of the things that they said that will give us an idea of where Interest Rates might go we know about the 33 training dollars of debt. If we look at whats coming in versus our debt we have 26 trillion of net present debt. If we look at Social Security and medicare, your baby boomer 10000 today retiring that is 120 trillion according to the Congressional Budget Office this is not a looseygoosey organization thats 146 trillion of debt that we have to service. I consider that a significant issue especially when we understand we have a deficit of 2 trillion right now trying to service the debt. Will Interest Rates go higher, i think the u. S. Dollar is getting weaker and we see that now specifically in the fact that we have to sell 22 billion a day worth of new treasury issues at a time when our budget is not looking as good, potential default in november 15 if we dont get this thing passed and ultimately we lost reliable buyers like china and japan and a lot of the institutions out here that even buying the long dated debt. If the sellers want to sell more and the buyers want to buy, the price goes up, i think the treasuries will see much higher rates in the future if that continues. Stuart higher rates of that continues, bad for stocks, case closed, im out of time i would like to discuss this more, that was good stuff. We will see you again soon. Lauren is looking at the movers, 28 a share. Goldman sachs credit from 28 42 a haircut 5 coming of california suspending the cruise, robo taxi service, risk to Public Safety or so they say. Stuart that was in san francisco. And then you have the cost of the uaw strike at one of the biggest plans in texas, my question is lets say gm caves and they agree to the 30 price hike, the uaw workers get that for 40 years, what happened after the contract is there any likelihood that General Motors or ford or stellantis can continue to pay wages like that. They might get what they want for one deal. I would be scared after four years. Stuart i think the looking at 25 of a wage increase over a fouryear period that is a substantial increase and it looks like theyre probably going to get it to, then what happens after that, huge question, what happens to profitability in the next four years. Good stuff, gap. I felt like we needed the winner in addition to microsoft, uc shares at an eightmonth high wells fargo upgraded to overweight, they see the price going up 32 they love the turnaround story and they say their inventory is normalizing which means unfortunately fewer sales. Gap is great for sales. Stuart i just bought some genes from gap. Block, the name of the company. Former square, paypal down almost 5 , there is a french Payment Company called world line in paris that shares tanked almost 60 because they the full year guidance because this economic slowdown, less spending by customers in key markets like germany. So they coughed in these guys are catching a cold. Stuart a french Payment Company lowers the outlook and a blast american Payment Companies in the United States. A worldwide economy. Stuart now this trumps former chief of staff mark meadows is reversing cost after being granted immunity in the 2020 election case. Details on that. Senate minority leader whip john thune just returned from israel where he met with the families of americans being held hostage by hamas, the senator will tell us what the families think of a ceasefire. That is next. my plaque psoriasis was so bad. I couldnt get my hair done. My psoriasis was all over. Then my joints started hurting, found out it was psoriatic arthritis. Who knew they could be connected . For me, cosentyx works on both. 5 years and counting. Did you know people with psoriasis on the scalp have a 4 times higher risk of developing psoriatic arthritis, which if left untreated can lead to permanent joint damage . Cosentyx works on all of this and helps stop further joint damage. Talk to your doctor. Find something that works for you. 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. Cosentyx. Still workin for me. See me find relief that can last. Ask your dermatologist about cosentyx. Stuart Interest Rates are rising in the market doesnt like it, nasdaq on 190, dow down 124 points, red ink acrosstheboard, the leader of hezbollah met with top officials of heads moss and Islamic Jihad today, the first meeting since the war in israel started. Mike tobin is on the ground in israel, come on in, give us the latest. The latest that hamas rockets have found a new target that is the town of a lot, that is significant on the other side on the border with egypt, the red sea and aqaba jordan, this is a place where israelis were going to get away from the rocket fire now that it is, fire, there is no place you hamas out of the gaza strip and hezbollah in the north, there is no place in israel that is outside of the range, Israeli Defense forces released video of the hamas divers who attempted to filtrate israel last night they picked them up with the radar whatever electronic detection that they have, found the divers in the water, they killed them they killed two of the divers in the water and found the tunnel from which they entered the sea, they blew that up in a Weapons Storage Facility that israel says was used by that particular hamas cell. The situation in the gaza strip is getting more desperate as airstrikes go when, the Un Relief Agency macys operations and because they running out of fuel, israel has allowed aid into the gaza strip but its been restricted to food, food, water and medicine, food is not being allowed because israel believes that hamas will be able to use it for their own war fighting purposes, meantime a strike in aleppo at syria it is said to be out of business, israel will never confirm when they make strikes of the nature but reporting says it was an israeli airstrike that put the airport out of business, israel says iran uses the particular airports, the one in aleppo and damascus to resupply hamas. Stuart thank you very much, senator tom soon joins me now. You just met with americans being held hostage by hamas do they want a ceasefire. They want to get their family members, they were powerful and emotional stories and they want our administration to have a clear eyed focus on getting the americans unaccounted for out of gaza. Whoever they can work with and we said the same thing, we need to work with the regional partners into everything that we can to get them out. I think at this point right now, the principal concern, those people in gaza, those americans that are unaccounted for in a Healthy Administration will stay focused on that and do everything that they can to get them home. Stuart is a very difficult situation and hostage taking is a very effective strategy, certainly in this case, you kinda have a choice, eliminate hamas or get the hostages out, you cannot do both can you . The. Obviously hamas does this for a reason, this is leverage, they want to use the hostages in exchange for concession from the israelis or others. The fact of the matter is, hamas has to be eliminated in israel for obvious reasons is very focused on that, they have not only rockets coming in from hamas but the north of hezbollah in their in a perilous situation and its an exponential threat issue for them, the country cannot exist living sidebyside with the terrorist regime on a daily basis as threatening and attacking with rockets and with a vicious brutal attack that slaughtered 1400 israeli citizens. That is got to be israels focus at the same time there are to be efforts made. We visited with her folks in the region about our regional partners working to get the american hostages out. Hamas could do that today, it is up to them and hopefully they can feel the pressure from some of the regional partners along with the United States and israel and we could see the americans get home. Stuart the United Nations called for a ceasefire and President Biden has rejected it saying that would be to the benefit of hamas, are you with the president of rejecting a ceasefire. I am, theres no doubt about what happens in the event, the United Nations will see that and say that and others in the world who observe whats going on, they need to understand the facts on the ground and what is happened. When we were in israel and use all the stories, videos and images of the horrible atrocious killings by hamas, that is got to be the International Community focus and the israelis will do everything that they can to protect innocent life but you cannot avoid dealing with the threat that exists on a daily basis, that is the terror regime whose principal goal is to kill jews in a race israel from the map. Stuart do you support fully the 100 billiondollar aid package for israel and ukraine . Do you support it for both countries . We want to have our input into that, that was a package that came from the white house as you know in the senate wants to make sure we have an opportunity to look at that there are things that we thought we would reprioritize in terms of funding and knockout we would have aborted package included in that that is really important from a National Security standpoint and in the last year 159 people on the terrorist watch list coming into the United States across the southern border including 18 in the month of september alone, there are things in the package that the republicans want to have an opportunity to fix and we will see where it goes from there, ultimately i think its important, we live in a dangerous world as former secretary bob gates has said the holiday from history is over, we need to be engaged and make sure that the world stage is safe for democracy increased ability and not chaos which is what the terrorist groups want. Stuart senator john thune thank you for being with us. Paul whelan an american who is being held captive in russia is speaking out about his safety, good morning, what do you say. Hes been in the russian prison since he was detained in 2018 and sentenced to 16 years in prison on an espionage charge which he vehemently denies in the u. S. Denies as well, the former u. S. Marine who is an irish british and canadian citizens as he spoke by phone to the secretary of state Anthony Blinken in august to make sure hes not been forgotten after being left out in the last two prisoner swaps including last year with the release of americans trevor reed and brittney griner, listen to this. I told him pointblank that leaving me here the third time pins a target on my back in the second time they basically signed the death warrant. The state Margaret Thatcher<\/a> used to say that when a colleague turn soft under pol policies preprinted abiding to wobble over the war on israel, his rejected calls for ceasefire has regulated the party. Hilary clinton, she was tackled for not opposing biden. In the squad will go all out in their support for hamas. This is a difficult thing for the president because hamas holds over 200 hostages, including some americans. Biden backtracks on crushing hamas the left looks powerful, the terrorist when in israel loses, this is no time to go wobbly on terror. Same with iran confront dont appease. American soldiers were injured in drone attacks orchestrated by irans proxies, they are attacking us, watch the response, secretary of state blinken threatens iran with a decisive response, any backing away from that would be taken as another sign of bidens weakness, that is at the heart of all of this, our president as seen as weak, we cannot go back and reset that. We must advance, go forward, take the action to those who challenge us, anything less encourages or intimates. He is under great pressure from his own party to wobble, retreat on gaza and hamas, iran and the mullahs, 1230 eastern will find out where hes headed he takes questions from the media, First Time Since<\/a> the war on israel began. Second hour of varney just getting started. Stuart liz peek joining us this wednesday morning. Will President Biden<\/a> plink if iran starts to push back some more. I think hes already blinked, he starts out wobbly there is no prize there, what i mean by that, iran has been behind this attack from day one. Its been behind all of the attacks from hezbollah, the hoodies, et cetera and joe biden did not call them out and still hasnt he talked about in the Oval Office Address<\/a> and that weve been holding them accountable, no we hasnt he been funding iran as we all know by loosening the sanctions and allowing oil exports to increase. I think he got himself in a lose lose situation and a week ago, the jury was out on the wisdom of going to israel, making him the face of the conflict. Now it looks like joe biden is pulling the strings. If it goes badly its good to be joe bidens head on the line not necessarily Benjamin Netanyahu<\/a> or the other people writing the reaction israel. There was ironic thing up on twitter saying emperor asked for ceasefire after pearl harbor, thats what it looks like to israel, they had a horrific thing happen, no excuse whatsoever, terrible death and destruction and we are calling for ceasefire or people in our country are, what are they thinking, that is unconscionable also going in and having an enormous civilian deaths result from under attack in gaza also unconscionable, a terrible situation and i dont know what the outcome will be and i dont know the right path forward. Stuart dont wobble for sure. Stuart you have an oped about liberals being surprised about antisemitism and intolerance at elite institutions like col colleges. Are the liberals finally waking up to this. I think what really happened and what is terrific, on the awful lot of people who been watching the leftward drift radicalization of our campuses because theyre seen the terrible protest in favor of not just palestinians but hamas in some cases, they are saying enough and thank heavens. One study eyesight in this piece, 40 of the most prestigious schools there is not one republican teaching history or journalism, not one in 40 schools thats an astonishing statistic and its accurate and does not surprise me at all. Stuart not one in 40 universities with not a single republican teaching history or journalism. Where you think this incredible journalistic vilest comes from its a fulfilling cycle. The only language the universities understand his donations, money, we are trustees and administrations who basically kowtow to the left for 20 years, allowed students to run the asylum which i always thought was completely insane, they would not be students if they knew what they were supposed to be doing and now finally getting a little bit of a hit in the pocketbook, its going to take a while because some of the harbor endowments, 52 billion will take a while but the prestige in the reputational impact in the money eventually will take a toll. Stuart one quick, i think its my generations fault and respect. Im a baby boomer the 1960s and a lot of radicalized people stayed in the colleges to become professors they carried on the radical tradition. It was because of the vietnam draft. You would not be drafted if you are teacher in a college or school so they decided to become teachers, the hired people like them, antiwar leftists, here we are, it took a while but people are waking up. Stuart lets get to the 2024 race, a new poll shows trump and biden tied it a potential rematch, tell me more. The usa today the rematch at a dead heat 37 37. Of rfk junior is on the ticket as you see he gets 13 support, that takes votes from trump, how much so, trump leads without rfk by a very slim margin 41 39, what is the bottom line, third parties are spoilers this time around a little bit more so and i think voters want new options. A change of pace and changing direction a change of mentality and it looks like theyre not getting it. Stuart im not sure a third party could get on the ballot in all 50 states. What about a bipartisan ticket, 26 say they would favor one republican one democrat on the ticket. It doesnt always work like t that. Stuart lets get back to safe ground, the stock market, dow industrial down 130, look at the nasdaq, down nearly 200 points, david zuzu ski with me this morning. Tomorrow morning 8 830 eastern time the new figures on the economy. It looks like its expanding at a 4. 2 rate that is a fast rate of expansion. If that is the number tomorrow do you think Interest Rates<\/a> are going up . Great to be with you this morning. If we get a higher gdp number there is no question that the resiliency of the United States<\/a> of america has surprised many including myself as far as where we are right now. There is some resilience and great strength going on but i want to go back to the Congressional Budget Office<\/a> and some of the things that they said that will give us an idea of where Interest Rates<\/a> might go we know about the 33 training dollars of debt. If we look at whats coming in versus our debt we have 26 trillion of net present debt. If we look at Social Security<\/a> and medicare, your baby boomer 10000 today retiring that is 120 trillion according to the Congressional Budget Office<\/a> this is not a looseygoosey organization thats 146 trillion of debt that we have to service. I consider that a significant issue especially when we understand we have a deficit of 2 trillion right now trying to service the debt. Will Interest Rates<\/a> go higher, i think the u. S. Dollar is getting weaker and we see that now specifically in the fact that we have to sell 22 billion a day worth of new treasury issues at a time when our budget is not looking as good, potential default in november 15 if we dont get this thing passed and ultimately we lost reliable buyers like china and japan and a lot of the institutions out here that even buying the long dated debt. If the sellers want to sell more and the buyers want to buy, the price goes up, i think the treasuries will see much higher rates in the future if that continues. Stuart higher rates of that continues, bad for stocks, case closed, im out of time i would like to discuss this more, that was good stuff. We will see you again soon. Lauren is looking at the movers, 28 a share. Goldman sachs credit from 28 42 a haircut 5 coming of california suspending the cruise, robo taxi service, risk to Public Safety<\/a> or so they say. Stuart that was in san francisco. And then you have the cost of the uaw strike at one of the biggest plans in texas, my question is lets say gm caves and they agree to the 30 price hike, the uaw workers get that for 40 years, what happened after the contract is there any likelihood that General Motors<\/a> or ford or stellantis can continue to pay wages like that. They might get what they want for one deal. I would be scared after four years. Stuart i think the looking at 25 of a wage increase over a fouryear period that is a substantial increase and it looks like theyre probably going to get it to, then what happens after that, huge question, what happens to profitability in the next four years. Good stuff, gap. I felt like we needed the winner in addition to microsoft, uc shares at an eightmonth high wells fargo upgraded to overweight, they see the price going up 32 they love the turnaround story and they say their inventory is normalizing which means unfortunately fewer sales. Gap is great for sales. Stuart i just bought some genes from gap. Block, the name of the company. Former square, paypal down almost 5 , there is a french Payment Company<\/a> called world line in paris that shares tanked almost 60 because they the full year guidance because this economic slowdown, less spending by customers in key markets like germany. So they coughed in these guys are catching a cold. Stuart a french Payment Company<\/a> lowers the outlook and a blast american Payment Companies<\/a> in the United States<\/a>. A worldwide economy. Stuart now this trumps former chief of staff mark meadows is reversing cost after being granted immunity in the 2020 election case. Details on that. Senate minority leader whip john thune just returned from israel where he met with the families of americans being held hostage by hamas, the senator will tell us what the families think of a ceasefire. That is next. my plaque psoriasis was so bad. I couldnt get my hair done. My psoriasis was all over. Then my joints started hurting, found out it was psoriatic arthritis. Who knew they could be connected . For me, cosentyx works on both. 5 years and counting. Did you know people with psoriasis on the scalp have a 4 times higher risk of developing psoriatic arthritis, which if left untreated can lead to permanent joint damage . Cosentyx works on all of this and helps stop further joint damage. Talk to your doctor. Find something that works for you. 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. Cosentyx. Still workin for me. See me find relief that can last. Ask your dermatologist about cosentyx. Stuart Interest Rates<\/a> are rising in the market doesnt like it, nasdaq on 190, dow down 124 points, red ink acrosstheboard, the leader of hezbollah met with top officials of heads moss and Islamic Jihad<\/a> today, the first meeting since the war in israel started. Mike tobin is on the ground in israel, come on in, give us the latest. The latest that hamas rockets have found a new target that is the town of a lot, that is significant on the other side on the border with egypt, the red sea and aqaba jordan, this is a place where israelis were going to get away from the rocket fire now that it is, fire, there is no place you hamas out of the gaza strip and hezbollah in the north, there is no place in israel that is outside of the range, Israeli Defense<\/a> forces released video of the hamas divers who attempted to filtrate israel last night they picked them up with the radar whatever electronic detection that they have, found the divers in the water, they killed them they killed two of the divers in the water and found the tunnel from which they entered the sea, they blew that up in a Weapons Storage Facility<\/a> that israel says was used by that particular hamas cell. The situation in the gaza strip is getting more desperate as airstrikes go when, the Un Relief Agency<\/a> macys operations and because they running out of fuel, israel has allowed aid into the gaza strip but its been restricted to food, food, water and medicine, food is not being allowed because israel believes that hamas will be able to use it for their own war fighting purposes, meantime a strike in aleppo at syria it is said to be out of business, israel will never confirm when they make strikes of the nature but reporting says it was an israeli airstrike that put the airport out of business, israel says iran uses the particular airports, the one in aleppo and damascus to resupply hamas. Stuart thank you very much, senator tom soon joins me now. You just met with americans being held hostage by hamas do they want a ceasefire. They want to get their family members, they were powerful and emotional stories and they want our administration to have a clear eyed focus on getting the americans unaccounted for out of gaza. Whoever they can work with and we said the same thing, we need to work with the regional partners into everything that we can to get them out. I think at this point right now, the principal concern, those people in gaza, those americans that are unaccounted for in a Healthy Administration<\/a> will stay focused on that and do everything that they can to get them home. Stuart is a very difficult situation and hostage taking is a very effective strategy, certainly in this case, you kinda have a choice, eliminate hamas or get the hostages out, you cannot do both can you . The. Obviously hamas does this for a reason, this is leverage, they want to use the hostages in exchange for concession from the israelis or others. The fact of the matter is, hamas has to be eliminated in israel for obvious reasons is very focused on that, they have not only rockets coming in from hamas but the north of hezbollah in their in a perilous situation and its an exponential threat issue for them, the country cannot exist living sidebyside with the terrorist regime on a daily basis as threatening and attacking with rockets and with a vicious brutal attack that slaughtered 1400 israeli citizens. That is got to be israels focus at the same time there are to be efforts made. We visited with her folks in the region about our regional partners working to get the american hostages out. Hamas could do that today, it is up to them and hopefully they can feel the pressure from some of the regional partners along with the United States<\/a> and israel and we could see the americans get home. Stuart the United Nations<\/a> called for a ceasefire and President Biden<\/a> has rejected it saying that would be to the benefit of hamas, are you with the president of rejecting a ceasefire. I am, theres no doubt about what happens in the event, the United Nations<\/a> will see that and say that and others in the world who observe whats going on, they need to understand the facts on the ground and what is happened. When we were in israel and use all the stories, videos and images of the horrible atrocious killings by hamas, that is got to be the International Community<\/a> focus and the israelis will do everything that they can to protect innocent life but you cannot avoid dealing with the threat that exists on a daily basis, that is the terror regime whose principal goal is to kill jews in a race israel from the map. Stuart do you support fully the 100 billiondollar aid package for israel and ukraine . Do you support it for both countries . We want to have our input into that, that was a package that came from the white house as you know in the senate wants to make sure we have an opportunity to look at that there are things that we thought we would reprioritize in terms of funding and knockout we would have aborted package included in that that is really important from a National Security<\/a> standpoint and in the last year 159 people on the terrorist watch list coming into the United States<\/a> across the southern border including 18 in the month of september alone, there are things in the package that the republicans want to have an opportunity to fix and we will see where it goes from there, ultimately i think its important, we live in a dangerous world as former secretary bob gates has said the holiday from history is over, we need to be engaged and make sure that the world stage is safe for democracy increased ability and not chaos which is what the terrorist groups want. Stuart senator john thune thank you for being with us. Paul whelan an american who is being held captive in russia is speaking out about his safety, good morning, what do you say. Hes been in the russian prison since he was detained in 2018 and sentenced to 16 years in prison on an espionage charge which he vehemently denies in the u. S. Denies as well, the former u. S. Marine who is an irish british and canadian citizens as he spoke by phone to the secretary of state Anthony Blinken<\/a> in august to make sure hes not been forgotten after being left out in the last two prisoner swaps including last year with the release of americans trevor reed and brittney griner, listen to this. I told him pointblank that leaving me here the third time pins a target on my back in the second time they basically signed the death warrant. The state Department Says<\/a> its committed to bringing wheeling home and evan gerst which he was arrested on spying charges in march. Stuart thank you, now this only jewish republican in the for the state legislature says coveted desantis is not doing enough to condemn antisemitism, he switches endorsement from desantis to trump, will more Jewish Voters<\/a> follow suit. The house is set to vote on a new speaker today, garson mike johnson is a fourth nominee, new report says the gop could consider a joint unity ticket with mccarthy and jim jordan this is crazy stuff we will get the latest on the speakers race next. Ameritrade is now part of schwab. Bringing you an elevated experience, tailormade for trader minds. Go deeper with thinkorswim our awardwining trading platforms. Unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. And sharpen your skills with an immersive Online Education<\/a> crafted just for traders. All so you can trade brilliantly. This is 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. This is a special alert. Israel is under attack and israels enemies seek our destruction. The people of israel need immediate help. Rockets have us squarely in the crosshairs. Our people are targets in their own homes. Many have lost everything and fear for their lives. The International Fellowship<\/a> of christians and jews has launched an urgent response to rescue those affected by this violent attack. Our teams are on the ground across israel delivering lifesaving aid. Your urgently needed gift of only 45 will help rush food, water, medicine and emergency supplies for jewish families that have nowhere to turn. Time is literally running out. What we need you to do is to act now. Say goodbye to multiple daily insulin injections and say hello to omnipod 5. Omnipod 5 integrates with dexcom g6 to automatically adjust insulin and help protect against highs and lows, day and night. Plus its tubeless and waterproof. Take control without compromise. Dont wait to simplify life with diabetes. Get started today. Go to omnipod. Com for risk information and instructions for use. Consult your Healthcare Provider<\/a> before starting on omnipod. Simplify diabetes. Simplify life. Omnipod. Stuart plenty of red ink, the nasdaq and 200 which is 1. 5 and the dow died 136 points barely at 33000 level, some stocks are moving significantly i want to start with apple, thats not really moving, yes it is down three quarters and 1 . Are raising their prices apple tv plus to 3 agosto 10 a month which is less than many competitors, also raising prices on arcade and news plus that is a big deal, its a firstever price increase for the latter two in the second and only the second time theyve ever increase prices. Stuart do they have Pricing Power<\/a> . Can they bump prices up and make revenue coming stronger. Im to go with yes because their prices are cheaper than many of the competitors. I think the market is saying though the stock is going down. Texas instrument a chipmaker, their threeyear low. We never talk about them theyre not nvidia thats one of the problems, weak earnings, weak forecast and the stock is getting punished on ford half percent, they do business with apple and they make the display parts for apple. Intel stock it was going to buy the 20s because it was a high dividend now its in the 30s. The worst performer on the Dow Jones Industrial<\/a> average, Raymond James<\/a> cut their price target to 40. Nvidia is also eating intels lunch and their problems of other chipmakers teaming up to make chips. Stuart nvidia, nvidia, why not. Louisiana congressman mark johnson is a gop candidate for speaker, he was picked after tom emmer dropped out of the race, Brian Brenberg<\/a> joining us now trump relentlessly criticized tom emmer as he was picked as the nominee. Is trump running the speaker election. I dont think is running up at the biggest veto pen, if he does not like somebody theyre not going to get it it does not mean hell be able to pick the nominee, jordan did not get it he was a trump guy. The president exerts a lot of influence. The question with johnson, yay or nay i have not heard the president weigh in on johnson. Theres no never mics out there, ive never heard anybody speak anything about mike johnson. Stuart interesting. Louisiana republican and the social conservative. Hes been in trumps camp on a number of things but is not a big voice that calls a lot of attention to himself and i think that will help with the moderates who have not liked those kinds of voices. Stuart i wonder if they could get not gates and the gang, is he going to blow this up again. I dont think hell blow this up but that is a problem for republicans, they have a lot of voices they dont have very many leaders, their searching for inane daddy. From what i read, mike johnson is more internal, bookish, focuses on policy and is least experience out of the gang that are running. He doesnt have any of these. The right man at the right time. The man of the moment. Can he fight it if these bookish, its a big fight, you have to have a fighter, bookworms will not cut it. The fighters have not done it, day 2214 candidates for nominees, three floor votes and counting. Im just saying. Stuart frustration right there, the only jewish republican in Florida State<\/a> legislature is calling on coveted desantis for not doing enough to fight antisemitism. He endorses trump now, overall the question does trump pick up the jewish vote. He has got to pick up some of that but the bigger thing might be disaffected Jewish Voters<\/a> who might the am not going republican but im not going democrat either and you get the sideline thing going. That helps trump or whoever the republican nominee is. After the 60s we didnt see a huge migration of Jewish Voters<\/a> from democrat to republican. But there was a period where they said i dont like what is going on that helps the other side of republicans. Stuart if the democrats lose a few points because they lost some of the jewish vote that puts them in a difficult position. These are razor thin margins, everything matters in this does help republicans. Stuart thank you for jumping in, we appreciate you. Trumps x chief of staff mark meadows who was just granted immunity to testify under oath. Come on in. Take me through what meadows told investigators give me a sense of the significance of this, doesnt put trump in jeopardy for example . It does not help, heres why meadows has been talking with special counsel jack smith and reports claim that meadows told smith he told donald trump of the weeks after the 2020 president ial election that the allegations of voting fraud were baseless, meadows also telling investigators that trump was being dishonest with the public when he first claimed to have won the election only hours after the polls closed, the statements are contrary to what the former chief of staff stated in his book that was published a year after he left the white house in which you claim the election indeed was stolen and rigged with the help from allies in the liberal media who ignored actual evidence of fraud, now meadows reportedly telling investigators that he has never seen any evidence of fraud that would undermine the elections outcome, talk about a flipflop. Youre looking at it. The governor of new jersey tears into a School District<\/a> for canceling all halloween celebrations. Wait until you hear why the district decided to pull the plug. College students across the country will stage a walkout today there demanding more from america into support of what they call israel siege of gaza. Alexis mccammon reports from nyu, the big city, the big apple next. Stuart we have some Real Movement<\/a> for tech stocks, microsoft the top of the list. Up 10, three and a quarter percent, then look at alphabet known as google, it is down 8. 9 after a very disappointing Earnings Report<\/a> yesterday. Two big tech. White House Press Secretary<\/a> p air was criticized for antisemitism, come back in, take us there will happen. During the briefing cream jumped here said the white house had not seen any Credible Threats<\/a> when asked about the administrations level of concern of increasing antisemitism. She went on to address hate fueled attacks against muslim and arab americans. The comments got plenty of backlash on social media as a white House Press Secretary<\/a> was slammed i democrats who called her response weak at best. Karine jeanpierre said she has repeatedly blasted the rise in antisemitism calling it an abomination. Biden did nothing antisemitism and islamophobia during an Oval Office Speech<\/a> last week, following the stabbing death of a 6yearold palestinian american boy who is being investigated as a hate crime. Bottom line Karine Jeanpierre<\/a> said she did not hear the question properly. Stuart College Students<\/a> across the country will be staging a workout, the protesting what they call israels siege of gaza. Alexis mcadams is outside of nyu in new york city, what is nyu saying about the protest. We reached out to nyu earlier this morning asking what they wanted to say about the planned walkout in protest, we did not hear back just yet, the watching and then get back to us, the nyu students are to walk out of classrooms at 1230 or 1 00 oclock and in here to Washington Square<\/a> park, take a look at your screen hundreds of students are expected to show up after they leave the classroom, why, they say they are marching and standing in solidarity with the palestinian people. Take a look on your screen, this is the video that is popping up in the past few days, the first protest at nyu for propalestinian people. Students for justice in palestine and other groups of campuses encouraging students to walk right out of class across the country calling the u. S. To divest from israels occupation and genocide of the palestinian people. Proisrael counter protests are also expected at campuses in columbia, i talked with an israeli organizer over there that tells me these schools need to speak up and be more vocal, listen. It is shocking, again i understand there is the free speech someone with common sense says this should not be under the free speech, its still happening. Its not just in new york, university of chicago to Harvard University<\/a> College Campuses<\/a> have been the epicenter of the big protest and big donors are cutting ties with the school saying allowing antisemitic events on their campus and not doing enough to keep jewish students safe. Columbia university the annual giving day was postponed, that event polls and big money from alumni and donors, last year they raised 30 million in 24 hours, that is not happening today, they are holding off with somebody protest and big donors pulling out. At harvard the student paper the harvard crimson says the school is establishing a task force to support students that are experiencing doctrine and harassment following backlash against the students who signed onto a statement that says israel was entirely responsible for violence that is happening, we will keep a close eye on that in the campus walkouts all throughout the country and will keep you posted like schools within why you have to say what happened. Stuart i dont think the student should be allowed to demonstrate mass. I want to know who they are. Halloween has been canceled at one School District<\/a> in new jersey, what is the problem with children and costumes. I dont know. You could maybe set rules, no weapons on your costumes, things like that but south orange maplewood the town that private enterprise itself on diversity and the highest taxes in new jersey by the way says no costumes or party in school because according to the superintendent of a financial hardship, wealthy town where it violates the dignity of families and their cultural and or religious beliefs. I assume in the name of diversity and inclusion, kudos to governor phil murphy, he asked this, we cant like it celebrate halloween, give me a break, i agree, come on aside from maybe christmas, the favorite holiday of the year, guess what, next week at my kindergartners halloween parade and party, im not going but im sending my husband, the good decorate the classroom and carry a skeleton arm and put an eyeball on there and all the kids in their costumes will try to carry it without the eyeball falling off and theyll take away chat and tossed the ring onto the witch hat and it will be fun because thats what halloween is and i missing it to be here with you. Stuart take the day off i dont check. It is a fun day what are they doing. Stuart thank you lauren, now this. President biden wants to ban Menthol Cigarettes<\/a> but marijuana perfectly okay, how does that work out Alaska Airlines<\/a> pilot accused of trying to shut off the planes engine while it was in the air blamed it on psychedelic mushrooms, doctor marty mckee retakes that on next. Conversations or moments that matter, but you can invest in them. At t. Rowe price our strategic investing approach can help you build the future you imagine. T. Rowe price, invest with confidence. Explore endless design possibilities. To find your personal style. Endless hardie\u00ae siding colors. Textures and styles. Its possible. With james hardie\u2122. Is it possible to fall in love with your home. Before you even step inside . Discover the Magnolia Home<\/a> james hardie collection. Available now in siding colors, styles and textures. Curated by joanna gaines. Liberty mutual customized my Car Insurance<\/a> and i saved hundreds. With the money i saved, i started a dog walking business. 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Tell your doctor if you have an infection or symptoms, had a vaccine or plan to, or if ibd symptoms develop or worsen. Cosentyx. Still workin for me. See me find relief that can last. Ask your dermatologist about cosentyx. Stuart 41 states and the district of columbia suing meta they accuse them of targeting young users with addictive features. Kelly ogrady is here, breakdown the charges. Three big things that the lawsuit alleges, the first that meta designed its platform allegedly to inject young users and teenagers to using instagram and facebook and the Virginia Attorney<\/a> general compared it to behavioral cocaine. The suit highlights a number of features like the ability to scroll on instagram infinitely and accuses meta of monetizing young users through the prolonged attention and the ability to target acts. The longer that you stay on their app the more money that they make off of you and when youre ten or 11 or 12 years old they have you as a client for the next ten years not that different than what big tobacco did in the 70s and 80s. It also accuses meta of knowing about the alleged harmful Mental Health<\/a> effects of the app and deceiving the public about the risks and finally accuses meta by leaving the Children Online<\/a> Privacy Protection<\/a> act that says you cannot collect data from users under the age of 13 without the verifiable parental consent, in response meta shared this, were disappointed instead of working productively with Companies Across<\/a> the industry to create clear ageappropriate standards for the many apps that teens use the attorney general have chosen this path. The consensus that this will be really hard to prove in court, for example meta has instituted over 30 controls to stop kids from using the service endlessly and further how can you assign all the Mental Health<\/a> impacts to one social platform and tiktok is under investigation by 47 states for similar claims, does this go to trial, unlikely the states are looking for fines from meta as well as them stopping the practices but you heard the attorney general compared to big tobacco that is not an accident this shows there is bipartisan momentum in this. Stuart they just want the mo money. I have some other news i been following the Sam Bankmanfried<\/a> trial, we just learned from my producer on a call listening to his attorneys in the prosecution. He is expected to testify tomorrow. It is not set in stone but the defense said there expected to call him, grabbed the popcorn. Stuart you will be there. I will be. An exciting day. Stuart it Alaska Airlines<\/a> pilot accused of trying to shut off the planes engine while in the air claims he suffers from depression and insomnia and he was on magic psychedelic mushrooms when the incident occurred, marty makary joins me now the push to legalize magic mushrooms do think the legalization is a good idea, is it legit. First of all the story does not make sense because the pilot said he use them 48 hours before the incident. The mushroom effect last 6 8 hours at most so maybe had had extreme sleep deprivation which caused him to do what he did at the cockpit which resulted in his arrest but the subject of what to do about psychedelics is an interesting controversy. In the hands of a physician appropriately prescribing these medications that is not the mushrooms themselves but the other medication form called mtdna has been effective in treating treatment depression and post a mack stress disorder so well have to see what the Research Shows<\/a> on this. Stuart is this what theyre calling micro doses, i dont know what they look like, its not the mushrooms themselves but is genuine medicine right . Is ground up mushrooms and people consume them and it synthesizes the pill in dna, i would point out no drug is safe in the age of fentanyl because fentanyl laces many of these drugs. Stuart the administration was to ban Menthol Cigarettes<\/a> but marijuana is okay, how do you justify this, no Menthol Cigarettes<\/a> but weed is okay. Some people are pointing out the intrinsic hypocrisy that people should be encouraged to get free glass pipes to smoke illegal substances and yet Menthol Cigarettes<\/a> will be banned, this is been a controversy for 12 years ever since the fda regulated tobacco, a third of all cigarettes consumed our Menthol Cigarettes<\/a> but this is seen as a Health Equity<\/a> issue because 85 of black american smoke Menthol Cigarettes<\/a> that is much higher than the 30 of white people who smoke using menthol, some say this is disproportionately adversely affecting black americans and others say thats exactly who is targeted to help. Stuart is it legit to target racially like this, this is a racial target. The American Lung<\/a> association antitobacco groups have been pushing for a long time to ban menthol. The argument that they use, kids are attracted to flavors including menthol whether not kids consider menthol to be a fruit flavored is controversial. This is the stepwise iteration to get out of tobacco began. Thank you for straightening us out, we appreciate it. We will see you soon, still ahead Martha Maccallum<\/a> and on President Biden<\/a> not putting his name on the New Hampshire<\/a> democrat president ial primary ballot, lou basenese on big tech earnings, jason rantz that some Jewish Americans<\/a> are arming up as antisemitism urges surges, the 11 00 oclock hour is next. If your child has diabetes, youll want the most accurate cgm, dexcom g7. Its on. And, hes off. You can see his glucose numbers right on your phone, so you can always be there for him with dexcom g7. This is Spring Semester<\/a> at over 13,000 us School District<\/a>s, which have become top targets for Ransomware Attack<\/a>s. But theres never been a reported Ransomware Attack<\/a> on a chromebook. Which is why thousands of schools like the fairfieldsuisun unified School District<\/a> switched to google tools for education. 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