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tv   Varney Company  FOX Business  November 3, 2023 10:00am-11:00am EDT

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it is 10:00 eastern. we have a rally for the dow industrials, s&p up 43, the nasdaq a 159 points. that a rally. most of the dow 30 stocks are in the green. the 10 year treasury keeps coming down. it is at 4.5%, that is a significant move down. bitcoin holding onto a gain of $34,000 a coin. justin, the latest read on the service sector. lauren: the number is 51.8. you are above the expansion/contraction, softer than expected. holding to a gain of 200, nasdaq holding 140.
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the war on is real split the democrats, the division was on display when dean phillips held a town hall in new hampshire this week, he's challenging president biden for the democrat nomination. as the washington post put it, the meeting went off the rails. is real, a dividing line, phillips could not bridge the gap. phillips tried to to turn it around, ask the woman how he felt about those killed by hamas. phillips at one point had to say, quote, rashida tlaib, my palestinian sister, is my friend, i am her jewish brother. that did not work. the questioner was escorted out. finally, when he spoke to the media phillips said i support a cease-fire when hamas is no longer in position to murder israelis, that won't satisfy the left.
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demand for a cease-fire, will not go away. the cease-fire brigade shut down traffic in north carolina and philadelphia. tomorrow, 100,000 people marched through dc. that's a row hamas, pro-terrorist demonstration. with the cease-fire, they know hamas wins. there will be disruptive demonstrations, democrat split is on full display for some time to come. biden's political support is eroding. second hour of varney getting started. there is nothing better than tammy bruce on friday morning. can the democrats get past their split? >> reporter: don't know if it is even a split. the israel/hamas war has
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revealed the power of a fringe framework. with the democrats and friends of mine and others, jewish liberals, of betrayal. they don't see this coming for some reason and this is examining that. they know how to organize so they were organized to that phillips dynamic. this is not a real even division among the democrats. you've got people like kirsten sinema, phillips, robert f kennedy junior speaking to what the majority of the democrats are thinking but have been hijacked. they didn't recognize this woods happening, we've been writing about this for decades. you were warned this was happening and it was coming. andrew breitbart and multiple
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other people who come out saying this is what we see, beware, people chose to ignore. you can't ignore, democrats can't ignore it, the democrat leadership has been in a bubble. it will ruin them. americans united on the issue not just israel, this is about jew hatred and crimes against humanity. that is where we bond together. stuart: the white house is pushing israel to take pauses in its war against hamas. watch this. >> we are trying to explore the idea of as many pauses as necessary to get it out and work for the people including hostages. the president worked on one such pause one we got those two americans out and that's what we are looking at. when we talk about a humanitarian pause, what we are talking about are temporary, localized pauses in the
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fighting to meet a certain goal or goals. stuart: do we pause the assault and get people out or do we crush hamas? tammy:i would have loved that conversation during afghanistan. you didn't hear anything, we abandoned at least 100 americans there. there was no conversation, blasted an aid worker who was on our side to show we were doing something, 13 military troops killed at the airport. it was run for the hills. with ukraine we were asking zelenskyy if he needed a ride out, we have a mission but for the jews, take a pause, got to get people out. the insult, the israelis, they have done that. there's no carpet bombing of gaza. it has been specific strikes, they too want to get, they've done deals in the past to get hostages out.
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the last people who should be lecturing israel are making suggestions are the people who caused this dynamic which is a meltdown across the board and enabling and inspiring of mad men running this, various countries around the world who want to destroy jews and everyone else. already israel has done certain strategic things like releasing two american women, got the idea, israel knows what it is doing. blinken and biden and everyone else who screwed up everything including afghanistan, the last people who should be advising or suggesting or telling israel what to do. israel is the most careful nation on this planet, one of the reasons hamas lied about the hospital bombing, because israel is being careful. shame on us, shame on biden and if we have conversations about pauses and getting hostages i would have loved to in
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afghanistan. stuart: we believe it right there. the middle-of-the-road, tammy bruce. tammy:israel has to be thinking who are you? i'm sure it is a lecture. trying to play it another way in front of americans. enough already. the israelis know what they are doing. stuart: quickly to the market i want to point out this is a rally, nice rally, dollop one hundred 50, gain for the nasdaq, interest rates sharply lower. next case. the ftc accusing jeff basis of flooding amazon with junk ads. lauren: showing a shop or something relevant to what they are searching for. the back story is needed here. the ftc and 17 states said you are using your but napoli power to increase prices and degrade
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the shopping experience for your customers. now we are getting unredacted parts of that and one of those says jeff basis directed his top executive to assess these junk ads meaning they weren't what the shopper was looking for except they accepted them anyway because their ad business is growing. are they supposed to the arbiter of what you see? if you're curious what they brought in in revenue, $12 billion. it is a pretty penny. stuart: constant investigations, never stops. the 10 year treasury. i find that the most important number of the day down to 450 one a few moments ago, it was 448. mike murphy joins us on remote today. this sharp drop in treasury yields is bullish for all stocks, isn't it?
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>> it's completely bullish and the market has been so resilient because we knew that rates weren't going to go higher and we have negative data, a major pool back. i would say expect more of this, this will boost the market higher to the end of the year. we one electoral apple, stock is down a little bit this morning, a little disappointing, what say you? >> apple had a good quarter, the argument on apple is are you willing to pay or should you pay 24, 25 times earnings, 7, eight, 9% a year. that is what people have the push and pull on, but for me, apple service business runs so much, they have so many people, 2 billion people out there using these products. for me this is a selva news event, apple is as strong as they've ever been.
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stuart: basically a safety plug, you are not going to make a ton of money but you won't lose a ton either. you got to get much out of that but it is -- reminds me of a utility that doesn't pay. >> reporter: a small dividend with apple, it's going to be a utility type company without a lot of growth, you shouldn't be paying this high multiple. i would take the other side and that. as long as apple has this, apple has so many different product they are innovating, they have the ability to come out with a revolutionary iphone or better services or better products and have the built-in user base. there's a lot of growth left to grapple. if you look, apple is down this morning but the overall markets able to rally nicely which that's a good point for investors. stuart: thanks for getting into us. we appreciate you being here,
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thanks a lot. lauren has the mover. lauren: better profits, record revenue and to top it all off, $5 billion share buybacks leading the s&p 500. stuart: cybersecurity. lauren: taking cybersecurity stocks down. corporate spending as we, deals are coming under more scrutiny and taking a longer time, stocks hitting the lowest level in a year. stuart: neo. >> stock is up because they are cutting jobs, 10% of their workforce in the face of rising competition, job cuts typically save companies money, something of a turnaround, stock is up 4%. stuart: somebody on wall street is calling bitcoin digital gold. who says that? lauren: kathy would is a believer in deflation.
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she said inflation was 9%. she thinks prices are coming down. she believes in deflation as a new technology like ai, produce more but labor costs go down because of the technology and she was asked which asset classes would you hold for a decade and she said hands down, bitcoin as a hedge against inflation and deflation, no counterparty risk, institutions are barely involved. it's digital gold. she likes it. stuart: bitcoin is 34,000. sam bankman-fried, the trials reviewing pressure for congress terrain and cryptos. cynthia lewis and kissed jill a and reworking the bill, they say would prevent ftx like collapse. hillary vaughan will have that story from capitol hill in a moment. a new video has emerged showing a jewish student being harassed by anti-israel students,
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allegedly started when the jewish students began filming the protesters. will details on that. republicans demand answers from the education secretary about rising anti-semitism on campuses. we speak to a jewish student from hunter college on how he wants the white house to respond to this, joins me next. our therapists give their all each day, by helping those who need it most. we take great pride not just in the job our team does, but in them as people. our people. and while we're in the business of taking care of others... it's important our therapists know that with benefits from principal, they're taken care of too. (♪) the virus that causes shingles is sleeping... in 99% of people over 50.
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surrounded and intimidated for trying to film the faces of students taking part in a of palestine rally. how has harvard responded to anti-semitic events on campus. lauren: >> calls for countability show a jewish student cornered on campus. the video is from a, quote, stop the genocide in gaza, die in demonstration coming in the video you see a jewish student surrounded by half a dozen demonstrators holding scars blocking students view and movements while shouting the shame over and over. the student paper saying the jewish student initiated the confrontation by failing people. hundred attending this rally, this protest following the hospital blast in gaza where hundreds of civilians were killed, the dean of the business school calling the
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confrontation troubling, adding police reports were filed with campus police and the fbi. the video surfacing, with claudine to two jewish students. and anti-semitism has long and -- this university to confront its continuing presence. to tackle anti-semitism but, they face with backlash after releasing a joint statement blaming his meal for the surprise hamas attacks. i want to mention 2000 wall street law firms sent a joint letter warning universities they will not hire students engaged in anti-semitism. stuart: republicans demand answers from the education secretary about what is being done to put tucked jewish students from the surge.
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a student at hunter college, gideon, let's get a picture here. who do you blame for anti-semitism on college campuses? >> i blame it on the rest of the media, new york times, washington post, university, simply actively fomenting it. stuart: are they anti-western? >> universities in their core curriculum is regularly cheating -- teaching things like ideology of anti-colonialism. stuart: you read that book in the 1960s when i was in college in london. the wretched of the earth, that was it. i read that. is still around? >> it's part of columbia's requirement. stuart: so that is an anti-colonial stance that has mushroomed into anti-semitism.
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>> his key claim is any form of resistance is justified if you're trying to usurp colonial powers so you have students chanting resistance is justified when people are occupied, you are allowed to rape women and throw babies in ovens because those people are settling on your land. that's a sin against the entirety of the west, make no mistake. stuart: what do you think should be done with students who are intimidated, pro-palestinian students intimidating jewish students. what should be done? >> the general populace, probably a free-speech society, never compromise on that but student visas on work visas, if they are teaching things that are anti-american, we have to -- when making those assessments, should espouse ideology at universities. stuart: what is it like for you
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personally? the streets of new york, you have a jewish name, you are identifiable as age you, do you get any ugliness face-to-face? >> i've been called worse that i cannot say on national tv. stuart: walking down the street? >> the other day i was call a lighting jewish snake which is straight out of the elders of zion, you cannot imagine what students are calls. i take it pretty well and a lot of students don't feel comfortable being identifiably jewish anymore. you see people in the subway circularly -- clearly jewish and you pick up on it. stuart: it is a terrible thing. it happened so suddenly. it wasn't apparent before october 7th. was it? >> not in the same way. it still exists, but they are
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using this as an excuse. stuart: is it all people having a go at you or just certain groups? >> it is certain groups particularly young people, they live in these universities. stuart: on the left-hand side of the screen, you questioned a woman tearing down posters, you spoke to her. what did she say? >> she had no excuse. i was peppering her on why you were doing this, because you're showing one side, i said what's the other side of this person who is kidnapped? my classmate's cousin was kidnapped in gaza. what is the other side to that? she said i don't want to discuss this or have this discussion. it seems like you do, you are tearing down signed in public in front of children who are watching and are confused by what you are doing so let's have this discussion. she said i can't have this discussion, don't want to talk. stuart: thank you for being on
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the show. we want a clear picture of what is going on in this country. we appreciate it. a student at cornell arrested and charged with threatening jewish students at the school. come on in please which i was cornell handling the aftermath of this? ashley: no class today is the answer. the university says it's campus is under stress after the student was accused of making violent anti-semitic threats. his name, 21-year-old patrick duy, a junior at cornell, has been arrested and charged in a connection of online posts which threatened to kill and harm the university's jewish students, the school has beefed up security on campus, 22% of the student body is jewish. the school is going to observe a community day in recognition
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of the extraordinary stress of the past few weeks. stuart: we hear you, thanks. don't forget to send in your friday feedback. email us your questions, whatever you like. varneyviewers@fox.com. draft kings brought in a lot of new users and put draft kings ahead of the computation, the ceo, jason robbins, is here and is next. ♪ ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms.
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they can even help enroll you over the phone in a humana medicare advantage dual-eligible special needs plan. so, call now. humana. a more human way to healthcare. stuart: the conviction of sam bankman-fried putting focus on regulating cryptos. the bipartisan push for crypto reform. >> reporter: many are looking at the sam bankman-fried verdict as a sign this is part of the wild west of crypto and our shared visit in town, regulators, washington is more determined than ever to make that happen. shared brown saying crypto advocates are quick to change the subject but they can't
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avoid the reality crypto used by the worst people to do the worst things and do it in the dark and in detected. cynthia lammas and kristin jell-o brand passing legislation that police crypto exchanges make them register with the cftc and about banks or credit unions to issue statement points. >> without clear paths to registration, by providing robust regulation the united states can force bad actors out of crypto assets. >> reporter: not just sam bankman-fried that gave crypto a bad name, hamas did too, financing there october 7th terror attack triggering renewed calls for crypto crackdown. >> hamas is using crypto to finance terrorism. current laws are inadequate, we have the power to choke that off and is what we should do.
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>> reporter: regulation reckoning could come by the end of the year, republicans suggesting they might be open to putting crypto regulation in their end of your bill to fund the government. stuart: we need to check the market because the rally is holding. dow industrials up 140, nasdaq doing well up 105 points. netflix is moving up nicely. lauren: the wall street journal reports they are talking about a live broadcast of a boxing match, the biggest foray yet into streaming live sports and the youtube influencer -- stuart: that's the entertainer. uber moving up. lauren: they set their price target at 40. the price target is 60, stock is at 47 reporting earnings
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tuesday. they lack discipline and bringing in more advertising dollars will keep prices from not spiking. stuart: it goes up. tesla moving up. lauren: consumer discretionary stock, they are higher because of jobs data. that's raising interest rates but i want to bring this to your attention. elon musk owns tesla and five other companies. what is xai, his startup, artificial intelligence company debuted tomorrow. chat gpt competitor. stuart: magic words. look at draft kings. stock is up, nice gain of 6.8%, revenue up from a year ago. look who is here. jason robbins is chief
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executive of draft kings and joins me now. 2. 3 million new players. will you tell us who they are? what's the demographic? >> reporter: the demographic of our customer depends what they are playing, our sports product is more male than female. tends to be average age early 30s, more affluent, educated. similar. the key difference tends to be more female and higher average age and great consumer, one that is engaged, excited about the trajectory of the business. stuart: in your report you make a big deal about the quality of your product, you use technology to enhance the user feeling of the platform. tell me, what can i do on draft kings that i cannot do with your competitors?
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>> a number of things, it starts with the experience but as far as things you can do that you can't with others, robust micro market, nfl, every play. a really wide variety of parlay options. overs and unders on every thing, and the ui wasn't smooth and content based, on things. stuart: how do you that on the yards. >> building models that do that. and we have a ton of data.
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and other partners help with those things. stuart: what's your top sport for betting. i presume it is nfl football? >> nfl is top. college sports are popular, and the nba almost as big as nfl. stuart: you and i have spoken about this before. cannot place a bet? have you seen a growth for premier league soccer. >> you place on all sorts of things. different markets on draft kings, soccer is one of the fastest growing sports.
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they boosted mls quite a bit. people around the world, and seeing tremendous growth and all the stuff. >> very successful report, always appreciate it. the texas rangers celebrate their first ever world series win. not a lot of people tuned in to see it. >> and between the diamondbacks and rangers. and two nights later,
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8.3 million people overall, and it was not calculated yet, doing the fine-tuning. and the steady decline began in 2016 for major league baseball, and order the championship series, lack some of baseball's biggest stars but possibly a final culprit, nice competition that we are talking about with football especially weekends when it is at the same time as primetime games and of course the nfl. stuart: thanks. republicans are pushing speaker johnson to move forward with the impeachment of president biden. business icon at home depot cofounder ripped apart president biden's policies he says biden is the most divisive president we've ever seen next. ♪
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neil: stuart: the down duster leverages that one hundred 45 points, it was up to hundred, the nasdaq powering ahead 110. a top general in ukraine warned his troops likely will not see a significant breakthrough anytime soon. ashley, are republicans using those comments to cut back on aid to ukraine? ashley: it adds fuel to those republican arguments to block anymore aid to ukraine, with questions of how the administration has any end game, republicans are split to put ukraine forward.
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and $160 billion request. and lawmakers, and 40 one% of americans believe the us is doing too much to help ukraine, and the us is doing 50% in june. and 14% of democrats said the us is doing too much and the support is waning. stuart: thanks. republicans want speaker johnson to move forward with the impeachment of president biden. is there any indication if or when that will happen? ashley: speaker mike johnson says he will follow the evidence where it leads and
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believes a decision on impeachment will be announced soon but no timetable. a trio of house committees working on a formal impeachment inquiry-based on investigations into the biden family's for business dealings and prosecution of the president's son hunter, but they believe he is compromised by overseas business deals and that he's done nothing wrong. speaker johnson, who has a constitutional background emphasizing the importance of due process saying the investigation will be conducting in the right way at the right pace. stuart: home depot cofounder bernie marcus sat down with charlie gasparino. he joins us on remote. he's a business icon. what did he tell you? >> it was an amazing interview. he has a 94-year-old body,
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created a great company, home depot, a conservative activist, he's smarter than me. he is worried about the direction of the country, the economy, bidenomics and let's let him say it. it is a fascinating -- >> he lied in his speech when he said i'm going to bring america together and he became the most divisive president we have ever seen. okay. sorry.
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a little technical difficulty. it was fascinating to rollout all day, spoke about biden, the creation of home depot and what's going on on campus, compared to nazi germany. he said he's not giving up the fight even at 94 years old, he wants to change the political direction of this country. he really believes if president biden reelected we are going back to a third world country. he was quick love donald trump. if you think of bernie's history with donald trump, longtime friends, 2016-2020, doesn't likes of the optics around trump, loves his policies, we like him to stick to policies but we will be rolling out all day, watching fox business for cavuto and bernie marcus. stuart: drone video shows
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explosives being thrown at the southern border from mexican side. agents in texas found improvised explosive devices, those are terror weapons. more on that for you. we show you how anti-semitism incidents skyrocketed on college campuses but one organization is working to stop that by publishing names of pro-hamas students, the leader of that group is here next. in this clinic, we pride ourselves on putting others first. it's on us to help care for our clients' well-being; to help them adapt. it's inspiring to work at a place where our patients succeed. and we as therapists do, too. with great benefits from principal, we feel appreciated for the work we do. (♪)
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"does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you. stuart: the most important number of the day, 4.51% is the yield on the 10 year treasury and watch it go straight down 14 basis points for the second day in the real, big drop in the yield especially to the stock market. this is why you've got a rally this week, thousand one hundred 30, look at the nasdaq go up 100 for points. apple shutting down its employee's lack channels. ashley, what happened? ashley: apple shut down internal slack channels used by
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muslim and jewish employees after workers posted versus of the car ran in organized protest in response to the israel hamas war. the leaked messages reported by the insider saying they decided to shut it down after removing posts related to the war and apple's management removed posts from the islamic holy book. employees also reportedly attempted to organize protests, separately, pro-israel watchdog demanded that apple fire a software engineer who posted a message on his linked in page refusing to condemn hamas. the person in question is a contractor who no longer works for the company. stuart: the executive director of stopanti-semitism.org. your organization is publishing
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names and pictures of pro-hamas students. that looks like intimidation. does it conflict with free-speech? >> we feel society needs to be made aware of rabid anti-semites that live among them. what we are doing is sharing their names, what they are doing and their behavior because their neighbors should know they are living among jew haters. stuart: could you be criticized on free-speech grounds? the students are saying what they want to say and you are pointing out who they are, that intimidation. >> we are exposing them. we feel fellow students, administrators, professors teaching them are being made aware of their hateful acts and
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words and incitement to violence against the jewish people. stuart: where is this coming from? why this explosion anti-semitism? >> it is stemming from the october 7th massacre that occurred in israel and it is exploding again everywhere from new york city to berkeley to tulane university down south in new orleans and we are doing our part to expose those who seek to do the jewish people are. stuart: what should the white house be doing about this? >> ramp-up efforts to demand administrators of universities hold students accountable for incitement to violence against jewish students, administrators, and they need to do more. stuart: are you encouraging law firms not to hire pro-palestine protesters? >> there is a difference
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between pro-palestinian supporters and pro-hamas supporters. there's nothing wrong with being up pro-palestinian activists. when you are defending one of the most savage terror organizations in the world that the heads babies, rapes women and shoots holocaust survivors point blank, and those that support them must be exposed in our society. stuart: thank you for being on the show this morning. just ahead, here's what we have for you. sean duffy on whether the trump base is going, steve hilton on the biden campaign's plan to require the same themes from 2020, they are going after the maga movement again. jonathan honig brings exotic stock picks on friday morning. the 11:00 hour of "varney and company" is next.
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>> china is a net

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