>> we need a passionate message from the president of the united states, no prompter, no binder, straight to the american people saying i stand with the folks on these college campuses. it seems like because this minority group has white skin that, that we can't protect them, and that's sad many america. >> this administration wants to have it both ways because hay know the electoral problems that they're facing. they're either going to lose the the liberal jewish bloc or the radical pro-hamas bloc. they're going to have to pick one. >> what the bidens haven't figured out is appeasement is not an action. that's their problem. they need deterrence. >> we've got to change the way washington works. paying for israeli aid is very simple to do,s it will not stop israel from doing what hay need to do and, quite frankly, new irs agents are not going to help us raise revenue. >> the markets have not expected any rate hike for some time the, i don't think they're going to the raise again, not this meeting, next meeting or any if other meeting. stuart: good morning, everyone. it is 11 a.m. eastern time. it is october3 1st. happy halloween, everybody. big rally yesterday, a little, modest gains today. dow's up 17. show me big tech, please. moments ago all of them were down. they still are all down except for amazon which is up all of 13 cents. how about the 10- year treasury yield? where's that these days it's the at 4.85. a little bit down today. now this. every day when i walk around new york city, i see disturbed people roaming the streets. it's a very sad sight. it's the waste of a human life. somewhat dangerous, there the have been unprovoked attacks, even murders. donald trump has a plan. if he gets a second term the, he would bring back mental institutions where people could be committed involuntarily. he says and i'm quoting now, for those who are severely mentally ill and deeply disturbed, we will bring them back to mental institutions where hay belong with the goal of inte reintegrating them back into society once they're well enough to manage, end quote. he believes modern treatment, even if force toed, offers hope of a return the sanity. that is a bold plan and highly controversial. back in the day, these places were known for abuse and failure. they were basically ugly holding pens. some were closed. and the rules were changed so many disturbed people could not be held against hair will. civil liberties activists approve of this. committing people takes away their freedom. yes, it does. but since when is it okay for possibly dangerous people to the take over our streets? trump isn't a doctor or a psychiatrist, but he is addressing a problem that plagues us all. how different from the dithering biden administration which is wracked by internal division. they would argue forever about just who is mentally ill and how discriminatory any involuntary commitment would be. that's why they still roam the streets. yet again, trump has a plan, and he has the driving force to make it happen. third hour of "varney" starts right now. ♪ ♪ stuart: jimmy failla joins us here in new york city. all right, jimmy, what do you think of trump's plan for if involuntary commitment? >> well, i mean, if his goal here was to the calm down the trump hysteria, he failed -- [laughter] because they're going to go bananas over this one. make no mistake about it, we have a problem with mental illness in this country. every day you get on the train, you see a guy wearing a new york mets hat. how do you wear a mets hat in this day and age? commit guy. i know because i tour the country as a comedian, and you see this pronounced decline in the quality of life because we've just accepted that they're part of the ether now. but that's not empathetic, because we're not encouraging hem to improve, we're not encouraging society to get better. we're now saying, well, this would i somehow be inhumane to address this for what it is. that's why in places like california they just is keep renaming it. you don't call them homeless, you call them free range people. they have nowhere to go, okay, and they're wracked with drugs and all kinds of psychosis and mental defects, and i don't doubt on some level that some treatment would improve some of this. so we shouldn't just punt and give up. stuart: right. we should -- we can just surrender to them. >> yeah. stuart: we can't do that. we can't surrender our cities to this kind of problem. >> no. stuart and trump's got the plan. >> no, no, listen, i think until be challenged in court until the end of time, but anybody who wants to confront real issues head on deserves support for doing so because most people would rather take the careful, calculated approach to not upset anybody, but the problem subsists. stuart: kamala harris says president biden is very much alive and running for re-election. watch this. >> you are in the spot that that would be a natural, for you to step up. but we're hearing from doe donors that they would not naturally fall into line. why is that? >> well, first of all, i'm not going to engage in that hypothetical, because joe biden is very much alive and running for re-election. [laughter] stuart: look, jimmy, the problem that many people have is the idea of a president harris. that's the problem here. >> of course. and that was the genius move by bide when it comes to the self-preservation is. i think most presidents would have been hit by the 25th amendment by now if they were going the wrong way at the end of a speech or shaking hands with invisible people, but biden could be getting up to the podium and telling people he's "batman," they're not going to make robin president. her endorsement is getting mocked because it's ridiculous. what case case can you make for you guys running again? well, biden's very much alive. imagine a blind date, well, she's got a good personality. how because she look is? you like sports, she likes sports. she wouldn't just talk to the issue which is guy is a mess. stuart: you're always good. >> i am not showing up for this blind candidate with this biden fellow. stuart: wait around and wait for oz perlman to come back. dow's down 26, nasdaq's down 3, s&p up 4. in the much price movement. finish mike murphy's back with us. why no obvious market reaction to the intensifying war in i've asked this question of everybody, but what's going on? >> by that question, you mean why not a bigger selloff? stuart: yeah. >> i think, stuart, when you look at, say or, the s&p 500, we've already pulled back almost 10% over the last three months. we're down for the third straight month, down roughly%, so you've had the selloff -- # 9%. i think the markets are looking at this, and it's in the going to have -- where it stands right now, or it's not going to have a massive impact on corporate earnings for the large companies. talk about big tech. what goes on over there? talking strictly markets, not the loss of life and the atrocities that have happened, but as far as markets go this isn't having a massive impact. if it intensifies, you'll get that reaction that we're talking about, but as it stands right now, or it's not going to impact earnings enough to cause a major selloff. stuart: is the price of oil key to all of this? if the war expands, we take on iran directly, oil goes up $100 a barrel, 120, that's when it has market reaction, is that right in. >> possibly. but, you know, we were at 90 not too long ago. so to go from 90 to 100, i think the bigger question is if we're at war with iran, then, yes, that's -- you know, we're talking world war iii at that a point so, yes, that would have a negative impact. i don't know that we see that yet. oil going from 80 to 90 or 90 to 100 or 90 to 80, that's not going to derail what we have right now in the u.s. as far as earnings go. stuart: your position is you're always in stocks. you may shuffle around your hollings, but you're always in stocks. >> i am. look, stuart, three months ago i didn't tell you, hey, take all your money out, we're going to see a 9% pullback, then put all your money back in, because no can do that -- no one can do that. be in the growth company, stick with them. have your money in the market, it's the best place to be at all times. stuart: you recommend a stop loss for regular investors in buy it at 90, it goes to 100 and then you've got a stop loss in, you'll set -- sell it if it comes down to 95? would you recommend it? >> depends. now, if you're buying individual stocks, if you're a trader, someone who's going to sit there and watch and say i'm going to buy nvidia at a 90, it goes to 100, back to 95, i'll sell it, forget about 459 or 490, i want to trade for these small profits, great, but you're going to pay a lot of taxes on that a trading. most people who aren't staring at a computer screen all day long, they should invest their money on regular intervals, stay invested, and the biggest mistake is when you go through a 3-month period like we've just gone through and you have a lot of geopolitical concerns globally, people say i'm going to pull my money out. and then they're not there when the rally comes, and they don't know when to get back in. the biggest mistake if i see is people overtrading and trying to time the markets. stuart: stay there, please, you're with me for the hour. lauren's looking at, of all places, nvidia, down 2%. lauren: yeah, shares moments ago were at a 4-month low. nvidia has $5 billion of orders from china now in limbo because of the latest u.s. curbs on technology that goes to china. btig is saying it is the highly likely that invidia trades down to the 350s. stuart: buying opportunity, murphy? >> for sure. i think what's going on over in china, this can have a real impact on nvidia's business, but i wouldn't try to time a bottom. if you were watching it at 490 saying i really want to own it, you could buy on this pullback. i would rather own a larger basket, as you know. stuart toyota. lauren: they've adding 3,000 jobs at an ev battery manufacturing plant in north carolina, so it'll have 6 production lines. four of them were for hybrid vehicles. toyota's pivot hasn't been completely ev. they're going also for hybrids. that's not what the other automakers are doing. they think customers aren't fully convinced just yet. stuart: then we have wework. it's still around. lauren: it's down # 95% this year, another 10% today. they skipped interest payments on some loans back in, earlier this month, and now they're in a 77-day forbarnes with hair note holders -- forbarrens. stuart: israeli forces say they have killed a top hamas commander accused of directing some of the october 7th attacks. one army special forces intelligence analyst is on the ground in israel. he's fighting to get americans out of harm's way. jeremy thompson joins me next. ♪ trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning 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 up-to-the-minute news and insights. trade brilliantly with schwab. 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 ai-powered security that protects all of google also defends the systems running america's infrastructure. for these services. for the 336 million of us living here. ♪ municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, 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 1-800-217-3217. we'll 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 high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: the idf continues to push deeper into hamas-controlled territory, killing a top commander accused of directing some of the october 7th attacks. mike tobin on the ground in israel with the latest. mike? >> reporter: and, stuart, the information we have coming out of the gaza strip is that the fighting is particularly intense in the forth -- in the north as israeli soldiers now spend their fifth night inside of the gaza fence. we've heard that the fighting in one neighborhood is particularly bloody today. while israel claims they got another high value target who they describe as one of the commanders of the october 7th massacre and they say that he was a commander of the neighborhood which is in the very northern end of the gaza strip. israelis said they had antitank weapons, hamas personnel inside of the gauze a strip. we've got video of the the israeli soldiers doing the very dangerous work of going door to door clearinghouse, also bull coazers on the ground clearing the way for additional armor to come9 into the gaza strip. it's going particularly slow because urban combat is risky. you've got the added complication of hostages in the gaza strip. and one former israeli intelligence chief says israel is challenged with intelligence particularly since they withdrew from the if settlements in 2009. >> gaza is a complicated place. there's so many intelligence people over here in israel that really don't have a good solution for this mess of gaza. >> reporter: israel did generate enough intelligence to execute the rescue of -- by israeli elite forces. they went and got her, she was reunited with her family last night. the idf says she is providing valuable intelligence that the idf can use moving forward. to the far south of the country, a town right on the red sea, they were the target of an incoming surface to surface missail attack, it was taken out with the arrow missile system, the first time those intercepters have been used in this war. stuart? stuart: mike tobin, thank you very much, indeed. i want to bring in intelligence analyst jeremy thompson. you're on the ground in israel trying to get people out. what's the mood? >> yes, sir. the people of israel know that they're in a state of war it's chaos from north to south, doesn't really matter where you're at. we're getting multiple rocket attacks a day, most are intercepted, some find hair way to the ground. businesses are closing. i think there's a strategic plan by the government to only open businesses that have the ability to provide bomb shelter within 90 seconds. people flee the streets when incoming market attacks are taking place. stuart: iran's khamenei has said on several occasions that he thinks jews can be driven out ott of israel in 25 years. are they being driven out, jeremy? >> i don't think that's accurate in the moment. i think the people of israel have been at war for a number of years, and they'll adjust to their circumstances as things develop. stuart: are you involved in any way with hostage release? >> no, sir. our mission is focused on accepting requests for safe evacuations for americans trapped here amongst the chaos, and we're trying to find innovative ways to establish networks throughout israel to the make that happen. we've got teams in cyprus, myself here in israel, we've got other teammates here and jordan, and we're just trying to find methods of exit as this thing continues to develop and expand. what i'd like to tell you is the special operations association of america can't do this without the american people's help, and you can find us at soaa.org. stuart: how many americans want out, who still want out now in. >> yeah. so far we've been successful in evacuating over 200. we've gotten applications, i think, at the 230, 240 mark, so we're still working diligently on that. as soon as this interview's over, i'm working with another family that i spoke with last night. stuart: i won't keep you too long, but do you hear the sirens wailing frequently? >> absolutely. stuart: do you hear explosions where you are? it happens? >> absolutely. yes, sir. i've got multiple recordings of myrrh between 10, 15 explosions at a time, and hay seem to come from all directions. stuart: so the iron dome doesn't work 100%. some of the rockets get through. >> that's an accurate statement, but i would say it's more than 95%. stuart: well, that sounds like a good percentage. it really is. jeremy thompson, thanks very much for being with us this morning. now, i know you have to leave us to go and help another family get out of israel, and we appreciate growing being here at all. thank you, jeremy. >> thank you, sir. stuart: next case, the house and the senate don't seem to be united on passing a stand-alone aid bill for israel. what's going on? lauren: there's a division among republicans. the house gop released a $14.3 billion stand-alone measure just for israel, but mitch mcconnell, the republican leader in the senate, wants to tie the israel aid with aid for ukraine, and senator rand paul says mitch mcconnell is undercutting new house peeker mike johnson. watch. >> we all saw the difficult position to win the speaker's race over there, and to win it, you've bot to keep your coalition together on what you do. i think the speaker's smart to separate out the israeli aid, also, frankly, smart to actually pay for it by taking money from somewhere else in the budget. i think it's very popular with the conservative base at home, and the speaker's made the right decision. >> reporter: -- undercutting speaker johnson's position? >> i think he's attempting to. lauren yesterday mitch mcconnell met with the ukraine ambassador to the u.s. at the university of louisville. i saw that and said, hmm, he's not going to tie the two, the two causes together in an aid package. stuart: that's a real conflict will. lauren, we showed our viewers briefly earlier protesters disrupted the blinken hearings on capitol hill. take us through the what happened. lauren: hay called secretary of state blinken a murderer with blood on their hands. they painted their hands red. ten individuals shouted things like this -- [inaudible conversations] >> from palestine to mexico, all the walls have got to go! [inaudible conversations] ceasefire now! ceasefire now! lauren: you are funding genocide. okay, they left solen that tearily, not removed by police. we showed you earlier in the show ohs were escorted out by police, but you just noticed, they brought up the border with mexico into their chants there. stuart: all the walls have got to go from mexico -- lauren: from palestine to mexico. what kind of world do they want to live in? out inner. stuart: not mine. thanks so much, lauren. president biden just announced a $1.3 billion plan to upgrade america's electric grid. is that enough money? hillary vaughn reports. we're also talking to allysia finley. she wrote that "wall street journal" piece about ev bailouts. does she think biden can go carbon-free by 2035? we'll break it all down for you next. ♪ ♪ ♪(romantic music)♪ (♪) (♪) (♪) say goodbye to daily insulin injections with omnipod 5... a tubeless system that automatically adjusts insulin to help protect against highs and lows. try it today. go to omnipod.com for risk information and instructions for use. consult your doctor before starting on omnipod. stuart: with the ma
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