>> no massachusetts is a huge state. >> it's a tossup between rhode island which is a small state that has providence or new jersey which is slightly larger in the population, i'm going to come down on new jersey. the answer is new jersey, how about that. according to the latest sensors there are more than 1200 people for every square mile in the state. i bet it's less than one person in alaska. i got into the market really fast we have green on the screen, the dow, nasdaq, s&p up check the ten year treasury 462, the two-year post to the ten year at 490. "varney & company" is done for the day but "coast to coast" starts now.

neil: the war wages in the market confounded the senate confirms a crazy world and anything but crazy stocks, well, i am neil cavuto so glad to have you, the president will be pushing rails and he will be later on, the move within the democratic party to push them off the rails and off next year's presidential ballot, so much going on but the biggest story in five weeks now the war in israel, on capitol hill to get capital to israel and fast or maybe not so fast, what is the latest. >> good morning to you, we have two different problems brewing here on capitol hill, first and foremost you got it right it is a aid package, the house and senate are not aligned at all on any global aid package and that includes israel aid to israel that is in limbo, never to the government is going to shut down in two weeks and right now

nobody has a clue how to fund it. let's start with aid as a separate returns today we know the majority leader chuck schumer will not take up the house passed bill the only funds israel using money meant for the irs he wants a global aid package and that would include israel, ukraine, taiwan, border security and humanitarian aid to gaza, senate republicans are divided about this on what israel aid separated like the house and others think they should leverage a wider bill and exchange for gop approve border security. >> i think so i think you will have a bill that will help border security and insane as a country not to fix our broken border and funding for ukrainian israel coming out of the senate probably is one package. >> we will see about that on funding the government, nobody has any idea how congress is going to deal with this, the house has past eight out of 12

appropriation bills and the senate passed it's very likely that we'll have to see another continuing resolution house speaker mike johnson wants to pass a cr that takes us through january 15, we don't know if that's going to be a clean cr or when the text might drop. if border in ukraine don't make it to an aid package there will be a last ditch effort to add it to a cr, there is an idea being floated of a laddered cr that is drawling out funding for different agencies in different appropriation for defense like different periods of time but it's a novel idea that is not going to fly in the senate. here we are two weeks away and we don't know what's going to happen. neil: it is the same old story it repeats itself. let's go to congressman bill johnson of ohio republican congressman is concerned about where this would go if they don't get anything done when he becomes a vital aid, congressman

great to have you where you things stand on the israeli aid portion mike johnson, no relation as i know the speaker keen on getting after past the house but apparently a dead end in the senate they want to combine it with aid for ukraine and i know you're open to this but where does the whole thing stand. >> i can tell you we barely passed as you noted it in the senate and chuck schumer are really serious about standing strongly with her friend and ally and israel in the take that package up and pass it because lumping all of this together you're talking about four separate issues, border security we pretty given the president lots of money for border security, the problem for border security is the policy not the money, that is a different subject, funding for ukraine we asked the president for strategy and transparency and oversight for the money that were sending

we want to help and we agree with that so if the president would get us what we asked for we could solve that problem, taiwan we know china is watching but there watching while president biden does a lot more than what they're watching what we do because that's where they see the perceived weaknesses and right now they need to move the israel package. neil: if they don't it's anyone's guess a reminder to get a lot of this done before the prospect of a possible government shutdown in as little as a couple of weeks, are you worried about that. >> i'm concerned, we should not be in this position in the first place we should've gotten our appropriation bills done in the senate should've gotten theirs done as it was pointed out we got the majority of ours that did the house and the senate has barely scratched the surface. they can be talking on the other end of the capital about who should do what they should be

talking about what their job is i'm concerned about the cr is going to expire on the 17th under the 72 hour rule in the house. it's therefore unlikely since it's not going to be posted today that we will be voting on another cr this week it will probably be next week and there are differing ideas about what we do may be a cr combined with border security, hr two, maybe a clean cr, maybe even a tiered cr has been suggested where we extend it a little bit at a time for each of the agencies and give our appropriation process a little bit more time to work will find out more tomorrow when we going to conference but we have an open discussion about this. neil: i'm wondering if the speaker is aware of a deal that might've brought in his predecessor kevin mccarthy in trying to reach out to democrats to keep the government lights on. do you get a sense you herself

that that is not an option for him or your republican colleagues? >> nobody wants to shut the government down. we did not shut it down before when everybody thought we were going to. that's not the objection of the republican conference, we want to do the responsible thing but we also have a responsibility to use the american taxpayer dollars the right way and just because the president backs himself into a corner and has a border crisis he cannot use that as leverage to force us to do things that are fiscally irresponsible. >> does that include, i see the risks the speaker working with democrats to cobble together the agreed package and the extensions would that endanger him with conservatives? >> i think we demonstrated that we are willing to find bipartisan solution, most of our

appropriation if not all of them have been bipartisan. i think we could do that and i think the speaker is open to that you heard his acceptance speech when he spoke directly to minority leader hakeem jeffries and said i think you love the country and i'm going to look to find common ground with you. and the doors open for the house to do the right thing and be fiscally responsible. neil: we will watch it closely. thank you very much for taking the time. edward lawrence at the white house and the president's plan to expand our real system particularly rail upgrades to the tune of almost 60 to half billion dollars. edward that is a big theme today, how is it going the president promoting bidenomics talking about $16 billion he's

going to spend on the nation's rail system. he wants to talk about domestic policy but is forced to deal with international policy. this is tens of thousands of people protested in front of the white house in washington, d.c. across the area about president biden support for israel that happened this past weekend the president right now meeting with the amtrak workers in delaware he's announcing the infrastructure more money for rails but the white house this week and pro-palestinian painted the fence around the white house with red paint with signs and messages to the president to free palestinian to cease-fire and some protester shook the white house fence and tried to climb the white house fence the president walking a line saying he supports israel and he will send the country what it needs to defend itself but also advocating for the humanitarian pause in fighting to get more aid and hostages out of gaza. >> mr. president any progress on the humanitarian thought. >> yes.

>> former israeli prime minister told fox news that the president cannot let protesters distract from the mission of wiping out hamas. representative ralph norman says the president condones lawlessness without consequent this. >> you don't to face spray paint gates, and the faces of buildings and it started back during the riots of over 50 cities with billions of dollars to destruction without consequent is. you don't put up with that. this administration has condoned that you have a vice president that put bond money up for this. in doing the damage to get out of jail and is not right it should, no surprise, that's why america is on fire and that's why the world is. >> over the weekend only one protester arrested in washington, d.c. for the vandalism that happened, the president talking bidenomics to offset the poll numbers especially in swing states where the former president trump is beating him in a head-to-head

election. >> indeed, edward lawrence five out of six of the swing states all of which donald trump had lost back in 2020 he is leading and in some cases by a lot in those states and the impact of the hill editor in chief, that is pretty startling the new york times story all the battleground states where things have been completely reversed we don't know the exact trigger. we do know the president's poll numbers on the economy in dealing with bidenomics and the wisdom of pushing bidenomics is beginning to pile up against it. what do you think. >> is a real problem for democrats and this is something that potentially could get worse, the white house has been stuck on the numbers for bidenomics. unless these numbers improve working to see more poles for this the former president has his own legal problems and there

were democrats are getting more and more nervous year from now. >> what about those same maybe think twice about running for president. for yourself, the party in the country what do you think about. >> when dean phillips the congressman is running for president and basically being ostracized by the democratic party for saying what a lot of democrats say behind the scenes abide in his too old the pull show this a lot of democrats don't want him to run and they don't want a rematch this is something that is interesting that david voted over the weekend that biden should step aside. when you look at some of the filing deadlines, if any of this is going to happen is what happened really soon. i don't anticipate biden not running for a second term. >> i wonder in the case of axelrod he would not have done this if not running running it by barack obama first. >> i brought that up this morning and the meeting of what does obama think and they're

very close here and remember the democratic convention is in chicago there's good to be a lot of focus on obama this is going to be something that the white house should address head-on and try not to ignore and do more interviews they've not been pressed friendly. this is awkward to be 2020. the pendant is over biden's would have to be at the on the campaign trail. does he have the energy to do it, that is what is concerning a lot of democrats right now. >> james clyburn i don't want to misquote him all given what i think he said pushing bidenomics a lot of american sibley don't feel it. he's one of the supports president. meghan people aren't feeling. >> totally. the democrats do have an advantage on abortion and that help them in the red term in the red w wave did help them. there could be looking at their pocketbooks and thinking i'm not

better off than i was four years ago. this is a real problem the white house has to focus on it. but to get these numbers up, they're going to have to make a lot of speeches and turn some minds around because these numbers are not good and that's what we see the battleground states that biden one is losing them. neil: let's switch to the republican side, a lot of attention formally endorsing ron desantis later today. could that be a game changer in iowa where the former presidents lead no matter what happens in it out of civil cases and other criminal cases the summer it is his state to lose even with her back in for desantis. >> that is a bold move by the governor and trump and the governor have not gotten along. it's not terribly surprising. at the same time it is trump's nomination to lose. but can desantis finish with a pointer seven-point circuit nikki haley finish in single

digits. surveys going into the other states. if trump wins by 20 plus now projected i don't see this endorsement as a game changer right now. neil: let me talk about the ongoing civil trial in new york this is the one the president seems to care the most even though it's a civil matter it would obviously demolish his business if he were on the losing end of this great he's been reprimanded sharply so by the judge in the back and forth is the stuff of tv lower. i'm wondering how this is going the process this is not the case that would undo the presidential run but if it does to his business, there is a sense of a conviction on any one of the issues that will be coming up not all can be put off until the election. that could land him in jail and even appealing it could land him in jail as is going to the process that might reinforce his

support and galvanize it all the more, what do you think. >> i think is appearances that were get to see more and more of trump not on the campaign trail but in court that is something the democrats even though they have the concerns about joe biden that is something that the confident his numbers will take a hit and i think the fights with the judges in the unusual court proceedings and trump talking and gag orders, that does not help him i think it's better if trump stays out of the news with economic numbers that biden has but he cannot help it he has to appear in court. neil: it doesn't seem to have heard h hurt him yet. my dad used to say will see. always great catching up with you. we have the dow at 43 pointed an incredible week all the major averages best performances for a week, the interest rate her back a tad when it comes to the tenure that is keeping a lid on the rally and what there is of the rally. will explore that after this.

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neil: we repeated but it's worth repeating even with the region were in israel stocks are higher than they were at the start of the war in the markets worldwide seem to be holding their own with the inception of those particularly in israel, having said that scott martin on the significance and dave on the significance of this. we begin with you on stocks continuing in the run-up that we had last week. last frantic what you make and how the markets are performed. >> i think this war does not feel at the moment like a global conflict i realize it's a very serious situation and that were involved deeply but it's not broken out into open superpower conflict i think it's important to keep that in perspective. there is a confluence of factors

that are coming together and what is been an incredibly difficult and unusual time coming out of the covid lockdown in looking at what my longtime third-year wall street veteran said said this is the worst capital formation environment that he seen in his entire career. that is drawing to a close and there are multiple things that it's been crappy and you can see multiple factors that start to make a walkway out of which the market can begin to decline. neil: were having some audio problems but will try to work on that. one of the things that is coming up is the resiliency of our bond market as well off of the highs we backed up the tenure now closer to 4.6 level but that's done the fed's job for the time being and ease concerns that

this is going to get out of control but where are you on this in the rate relief that we've been experiencing from highs back in october around 5%. >> it was not pretty, in the last week or so we lost about 50 basis points so half 8% and it's doing the fed's work at least the fed is staying on the sidelines and eventually cutting rates possibly next year so the fed is looking at the bond market contain the rates are pulling back and that is supporting stocks and tech stocks in healthcare and industrials as their overleveraged in the higher rates and stock prices are going to go up if rates come down. neil: what is remarkable when we look at this it is one thing for stocks to keep rolling along but for bitcoin to be back over $35000 a coin for gold is going to be in and out of $2000 at the outs. usually see one group or the other doing well but right now

they all are, what are you to make of them. >> the market is looking for alternatives a few weeks stocks were separated bombs were suffering there wasn't much to do but sit in cash or by bitcoin or gold as global tensions rise the fleet to safety that could be attributed to bitcoin but certainly gold is something as rates come down the dollar will lose some of its value that it had this year end therefore golden bitcoin and alternatives that are after. neil: today is the day that we were get hear from the president of the united states outlining his nail initiative. i think it could be north of $16 billion out of that money is accounted for were pre-budgeted i don't believe it is. but the push and the reminder to the american people of the benefits of bidenomics that splits with a number of people including increasing the number of democrats that will have their doubts. how does wall street react to the spending upon spending.

>> i think it takes it in stride because you have to look at the problems over the course of the biden administration and while it doesn't minimize it as is will probably find solution probably not most favorable but something will get worked out and over time as we approach the election cycle and as we get there next year the market looks forward to more pleasant economic scenarios where stocks could perform better. neil: dave i think were back good between that and saudi arabia and russia want to continue their oil production cut i see russia doing it. saudi arabia wouldn't do it but be that as it may it's all business. the impact is slightly high of oil prices reduce the oil going in is a wildcard? >> i think given that markets tend to look very much forward and down the road i think you see the unpopularity of the

green policies of the biden administration is clearly part of what's weighing on him and as the market looks down the road i think it says is it more likely that u.s. production steps up or declines and i think at this point becomes clear it's more likely that it steps up. short-term oil prices will bounce around where they will but i think we may have reached the peak green and that can only help on inflationary and the oil price friends. neil: i want to thank you both were getting bulletins in the civil trial going on with donald trump in this little doozy from the trial judge reminded the former president to keep his answers concise saying this is not a political rally and we don't have time to waste. we will have more after this. (vo) while you may not be running an architectural firm,

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♪ ♪. neil: that seems to be the sentiment of the las vegas culinary union which is set to go on strike on friday if the benefits and high pay this affects outright culinary workers, the culinary union secretary-treasurer, very good to have you. what is the just what brought this to the brink of a possible strike. >> thank you for having me. we've been bargaining for seven months now leon wears big issues on the table. five main ones economics in wages and benefits but the issue of workload and daily room cleaning coming out of the pandemic, you travel you know

you may pay higher room rates but you may not get your room cleaned and las vegas can end up be a partial service or limited service were not going to stand for that. technology with artificial intelligence in the issue of a.i. exploding with robotics. if you look at your colleagues and your newsroom half could possibly be gone with this explosion of a.i. and artificial tech with aim robotics. safety is an issue and coming out of the pandemic of less workers doing more work overall in the right to respect picket lines and to strike there is a lot on the line but it's economics and job security and the idea that folks have come out of the pandemic and their dispensable. >> i'm curious we think of culinary union workers as being

anything related to food but is much bigger than that can your spying where your membership comprises. >> room cleaners in front service folks that check in your luggage, cocktail servers and bartenders and across-the-board restaurants from high end to the most fabulous celebrity chefs they are all union to the buffets in the casual dining. neil: we forget it goes to those boldfaced names. we ask you how many workers were galvanized by what they saw or see the uaw pulling off and could be a generous contract with the major automakers. this follows the trend in labor agreements and sheer view hope to benefit as well as they to the same trend. >> there's a trend you could say that but we've been around 88

years and thought and work hard for great contracts, things have changed into pandemic there is a real difference we have bargaining set up this week with all three of the major companies, mgm resorts, caesars entertainment and wynn resorts. were optimistic there has been some movement since the strike announcement for the strike deadline. but we have to be prepared. what we saw with the united autoworkers with the feeling all over the country. were in a moment where companies profits are through the roof the margins are through the roof and las vegas room rates and visitations are record levels when companies are setting records workers should have record contracts were not looking to keep up with inflation we need to do better. neil: if you have to weigh the odds of a strike on friday what do you think as things stand n

now. >> i think we've seen some movement by these companies and as i said earlier were cautiously optimistic, the issue of technology in robotics is a job security issue and the issue of the daily room cleaning and folks have to keep up with the cost of living in their setting records. if the companies do the right thing and get on the right path will have main table negotiation hundreds and hundreds of negotiating committee and will go over the wire and were hoping for the best. neil: i hope it works out. we did reach out to the casino industry and some of the entertainment conglomerates to get their take and we've yet to hear back. we hope to get that going in soon. in the meantime updating you on the expanding war in israel between it and how boss that has added more drama with a nuclear

sub in the same neighborhood. stay with us.

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israeli city and southern lebanon drawing a response which is taking place right now, behind me on the southern front we've been watching airstrikes against the northern part of the gaza strip as israelis say they hit 450 targets across gaza over the past 24 hours. this weekend we joined the israeli military inside of the strip to get a firsthand look of the battles between israel and hamas. take a look. >> you can hear the gunfire in the distance. israelis are trying to engage anyone who tries to ambush their forces and the battle of street by street is urban guerrilla warfare as hamas is popping out of tunnels and ambushing israeli troops. >> right now were embedded with the israeli military inside of the gaza strip the forces have been ambush, shot at and lost

more than two dozen of their own soldiers, still they fight block by block and bloodier been battle their enemy hamas guerrilla fighters popping out of tunnels trying to kill as many israelis as they can. >> hamas brigade released a video fighting the israeli forces in the same location on saturday. it gives you a sense of how they are filming their enemy trying to get a better idea of what they're up against. in the video released by hamas showed advanced rpg's to pierce armor so the israelis were exposed as they continue to operate with infantry soldiers inside of the gaza strip. we expect the fighting to continue as israelis say they're pushing deeper into gaza and have gaza city surrounded. neil: thank you for that. stay safe. eugene the director for middle east and international law university's kalil law school. very good to have you.

i'm just wondering where you see this going there has been enormous pressure on israel to pause in the fire to an outright cease-fire. israel must be feeling the pressure. >> certainly after the initial positive support from the body to administration they are now apparently zigging to appease thprogressive base not a cease-fire but a humanitarian pause which is the cease-fire by any other name and i want to say unless it involves the complete release of all the hostages held by hamas it's not humanitarian. we see anything called humanitarian hamas exploits to rearm and maneuver. some foreign passport holders have been allowed to leave through egypt one third turned out to be hamas fighters. anything that we do to help the people of gaza will be hijacked and exploited by hamas and the american humanitarian timeout

fighting nazi germany. neil: you're getting equivocating only from the buddy to administration about barack obama appeared this weekend to say that both sides are in default, i'm simplifying it but that's kinda what he said, what did you make of it. >> the disgusting moral equivalence in that is reprehensible and it defies anything. israel occupies gaza even though israel left in 2005 taking out every single jew even the bodies from the cemeteries and he equates israel not being in gaza with gaza invading and massacring and torturing 1500 jews and defies understanding when of course president obama is the one who release pressure on iran and created the structure where iran has the money to fund hamas. neil: you have no doubt that was the case that precipitated the

attack. >> it is quite clear iran was behind us to fight the terrorists that were trained in iran in iran core needs hamas and hezbollah and the houthis. >> we talk about the political realities that israel faces the democratic president who could be more helpful in all of that. we give you the green light to do what do you think necessary, that is this country but with apparent limitations. do you feel the limitations as if the pressure was such go slow, open up a pause so the people can get out in this exit zone. it was something that qatar orchestrated, no friend of israel hated them for hamas figures. >> israel is going to be feeling increasing diplomatic pressure and i'm quite confident they will ignore it, they should ignore it because this is an accidental warfare it is not a game or an exercise is not in operation.

this is a war for israel survival and anything that strengthens hamas, the besieged they wanted timeout but you cannot come into israel tortured to death 1500 people and say timeout. neil: doesn't bother you i know you been asked many times and i talked with israeli generals and members and a man or woman say the same thing do people not realize that we have no control of gaza for the better part of 2005, 2007 under hamas control before all of that. whatever is going on whatever you complains about gods and palestinians were and are treated that is on hamas. >> hamas is a government of gaza they take the money and they use the money that could be used for schools, hospitals and they turn into terror tunnels, that's a decision made by hamas with the broad support of much of the gaza republic. >> every wants to push in israel to eradicate hamas but the question becomes after hamas who is running the show. >> unfortunately we heard

increasing calls for a revived two state solution which is absurd it means that hamas what are they trying to do kick the jews out of some places in the holy land what is the two state solution being kicked the jews out of other places in the holy land. you could not respond hamas attempt to push the jews out by pushing the jews out. it means israel loses even if it wins. bringing in the party which rules on the west bank that does not help at all, they themselves ruled gaza when israel left they were kicked out by hamas and they have supported hamas' actions and cheered them on and video showing fighters participating in the massacre, to bring them into rural gaza would be like having the ss replace the gestapo. neil: let me finally get your take on where this goes. there are threats that the work could expand. i get that hopefully that does not happen. in the meantime a question do people who rally against israel

and argue on behalf of hamas some are pro-hamas as much as pro-palestinian that this is all on israel net israel created us and we just touched on the gaza streets in the last two decades israel had nothing to do with gaza then you now what. >> i think was going to have to happen after is very similar this is the worst massacre of jews in the holocaust and you see the methods in the thinking are nazi methods and nazi thinking and after world war ii america didn't just say here's your country back, enjoy because the nazis could reconstitute themselves there has to be a period of dismantling the un schools which taught these people to hate india. a building fundamentally new institutions and israel cannot give up security control of this area for the foreseeable future because it'll be a perpetual sword at the throat of the jewish people. >> the president is getting

ready to do a spending initiative for bidenomics in a real system and all of that. but as a jew do you ever look at the anti-semitism which is running rampant 2.5% of the world population close to 70% of the attacks and the focus of real anger. how do you feel about that when it takes acts like this to remind you you know over that as people. >> only as anti-semitism anti-semitism not cutaways refocus itself. neil: what do you think is behind it. >> a lot of things are behind it but in a sense jews represent a unique morality, a claim of a special relationship with the divine and that bothers people i think. even people who have never seen

a jew or no relation with the jews, that notion gets under people's skin. >> israel occupies most. land and all of the middle east and look what it's done with the so-called land and the economy and the markets. i would love to have you back and get an update on all of this, be safe and be well. he commutes a lot around the planet to deal with us. brian brenberg what's coming up on "the big money show". >> new polls show president biden trailing former president trump in five of six major stakes as bidenomics hits americans where it hurts their wallets, could the economic disconnect cost biden the election. first more "coast to coast" after this. ♪

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neil: saudi arabia sticking to the production cuts. we did not see that happening. we kinda predicted that russia with a opec plus countries wants to stick to the production cuts but the saudi thing surprised me, nick lawrence is not surprised, the c3 solution public policy. between the saudi's and this move in their tepid response to

the attacks on israel and again, more or less saying it's on israel's watch that this happened in essentially their fault. we get a different vibe from the saudi's, what you make of that. >> we do they have to pay their golfers and soccer players somehow that is an attempt to keep prices higher. it's a little befuddling there are some economic data that suggest there could be weaker demand heading into the rest of 2023 and early 2020 for particularly in places like china and europe so it might make sense so given all the economic uncertainty in the risk premium of what's happening in gaza you would think they would be talking about boosting supply and reducing the production cuts rather than holding out of the a million barrels and holding steady at 9 million in production. neil: you notice far better than

i do but i believe oil prices are lower than they were at the start a little over four weeks ago, how is that possible. >> that's right, particularly, because of the robust supply of the united states if you look at where the u.s. has rebounded the precode levels the efficiency and ingenuity of the u.s. market has put production about 13.1 million barrels per day and i think there is a lot of diversity in production particularly coming from the usb and the world's largest producer that you do not see these events that have such supply shocks that they used to in the past and thanks to american production, that could change if there is decisions made about iranian oil production and of the war escalates to the broader middle east but right now prices have held pretty steady. neil: they have in their holding today, thank you for that. the dow down 50 points in this clinic, we pride ourselves on putting others first.

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