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tv   Cavuto Coast to Coast  FOX Business  December 5, 2023 12:00pm-1:00pm EST

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ashley: based on affordability, iowa, number 4. stuart: i think it is iowa. what? west virginia, 78.6% of the state's population were home owners. i never saw that coming. >> i knew it couldn't be west virginia. how could it possibly be west virginia. thanks for being on the show for the entire hour. we will see you tomorrow. as we close out the show a quick check of the market, the dow was down one hundred 40, the nasdaq a fraction to 16 points to plenty of selling on wall street today. one standout is bitcoin, $42,000 a coin. time is up for me. coast to coast starts now.
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neil: they are the ivy league schools but they are more like poison ivy league schools under the university of pennsylvania and massachusetts institute of technology finding out how poisonous, all of them brought before rampant ma sent -- anti-semitism and pushback from the campus and university leaders. this is a fascinating story. aishah hasnie has a hearing on what is drilling. >> reporter: are grilling, i want to say all these presidents condemned what happened on october 7th and stated they do believe is real has the right to exist. the statement brought tears to the eyes of several jewish students inside the hearing. here is the divide, the tension.
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harvard president quarantine gay says they are not just pursuing free expression but trying to teach students to have thoughtful, constructive conversations. she does admit sometimes her students and faculty don't always get it right. house republicans are accusing her another presidents of allowing anti-semitism to faster blaming the liberal ideologies being taught at these schools. >> what is the percentage of conservative professors? i want to know the percentage of conservatives? >> can't provide that statistics. it is not data that we collected. >> it liberalism has taken over the country. you might look into that when you get your next government grant. >> reporter: democrats say anti-semitism has been on the rise for years and it is not fair to attack liberal arts education. they are turning the tables
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blaming republicans for trying to make cuts to the office of civil rights in the next budget. this as harvard and you pan are facing a federal civil rights complaint. there's calls for the president to resign. donors are threatening to cut off funding to campuses as well. a note for you. congressman pramila jayapal is in the room. she herself is under fire for statements she made over the weekend, remarks about how mass rapes of jewish women. we see what kind of questioning she has for these college presidents. neil: i want to go to william jacobson, the law professor, what is your perception of whether that is a rampant issue, in your school and some of these others. >> it has been a festering
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problem for two decades on campus as a result of many different things but one of the things that's most prominently a result is the racial is asian of education. we view everything through a racial lens and coalitions against israel are built around students of color, their term, anti-jewish students are singled out and can't decide, as white oppressors. neil: all right. we appear to be having some audio problems. if you can still hear me we are having problems but it is a problem. i am wondering whether efforts to get to the bottom of it and address it on capitol hill are going to help. >> shining a spotlight on it is important. i don't think it will change any behavior. these presidents are oblivious for not being honest, for them to say they welcome diverse
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viewpoints, where congressman pointed out, there are no conservative professors on campus. there are almost no overly pro-israel professors because they don't get hired and when they do speak out they get subject to targeting. campuses are not diverse, they are extremely anti-israel, anti-conservative and in many regards anti-american. neil: is it your sense the hamas attacks, they put all of this out. until then it was sort of beneath the surface. it certainly is in the open now. >> as far as national attention, those of us who live on campus or covering what happening on campus, there have been shout downs of conservatives, of pro-israel speakers, physical intimidation, students for justice in palestine, including
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at cornell, it just doesn't get the national attention it has received now. neil: keep us posted. hopefully fair heads prevail here, make sure everybody gets a fair break. in the meantime, another story we are following that has enormous implications, who knew what and when about the october 7th hamas attack on israel, there are growing indication some traders localized to and from the israeli stock exchange, maybe hamas operatives might have been shorting israeli stocks ahead of the october 7th attacks particularly between september 15th and october 5th when we were told one trader was taking a big debt, shorting it, in other words buying something you anticipate when you get it back later you would
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crash it down and make a handsome profit and he did. or these hamas operatives two investigators and doctors of a report put out might have been able to clean up and make a $900 million profit off of an attack they saw coming but few others did. they are investigating this in israel as we speak, speaking with a spokesman for benjamin netanyahu where that might be going but first you trey yingst in southern is little -- southern israel where the war rages but somewhere along the line and long before it got started some people were planning on profiting. what do you make of this? >> interesting deck and we understand israeli investigators are looking into this research that was conducted by two professors in the united states, one from the new york university of law and the other from columbia and they are looking into it. their research concludes that
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people appear to have had advance knowledge or were just lucky. they got handed a significant spike in shortselling and the principal is really company etf in the days leading up to the october 7th massacre. israeli invaders are looking into it and have not come to any conclusions and it does come as the war continues to rage on israel and inside gaza. some video of the tunnel network that israelis according to the wall street journal are considering destroying by using the seawater from mediterranean sea, this report coming out today indicating israeli forces set up a number of pumps and they are debating whether or not to fill the tunnels in the northern part of gaza with water to destroy them. there are concerns this could contaminate freshwater for 2 million palestinian citizens that reside inside the gaza strip but also as the israeli defense forces say they rated general security headquarters
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overnight in northern gaza, soldiers from two separate units, in the area, before calling in airstrikes, israel is expected to complete their offense of operations in northern gaza in the coming weeks. in recent hours gaza wrapped up its campaign against southern gaza focusing around the city, last night's airstrikes were the heaviest since the war began. a source telling fox news that cell service was temporarily cut as those operations ramped up. this amid regional concerns that iran had get more directly involved in the fighting against their proxy forces. a spokesman for the mystery of foreign affairs says no action against iran but, it's interests, will go and answered. certainly a concern to israel that has seen renewed rocket fire in the northern part of the country by the main uranian proxy in southern lebanon, hezbollah. neil: without belaboring the financial report, a lot of
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going on, the stocks are going to fall and tumble and you make money off of that. there were a lot of curious things going on including allegations that israeli officials knew a lot of details about what seemed like an unbelievable attack on israelis, many of them either pooh-poohed or dismissed or didn't pay attention to. we have the same thing in this country, you can remember, before 9/11, talking about using passenger jets, if we knew what we knew then, that was a mistake to dismiss but what do you make of these various developments, who knew what and when and charges that some might have profited. >> absolutely. these are significant developers that we understand according to israeli officials will be thoroughly investigated once the war is complete and some of these financial allegations can be investigated before then.
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there are reports that soldiers warned their commander they saw suspicious activity, hamas operatives training the type of massacre they audibly conducted on october 7th. there's an understanding that someone must be held accountable. it is unclear who that could be. as for the research paper conducted by two professors in the united states, one is really company alone had 4.4 million new shares sold short over the course of a few weeks from september 14th to october 5th. the massacre took place on october 7th, two days after the period they looked at. it is significant when you look at the findings of this paper and it is certainly got the attention of israeli authorities who say they are investigating the research findings. neil: have great perspective on what's going on before hand.
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67 pages long, involved two american researchers, one a former sec official and the other a short trading experts. when you are trading something short were betting against a stock and it pays off for you if that stock tumbles. now the charges are that this was going on with very little attention at least in the united states. to quote from the authors, although we see aggregate increase in shorting israeli companies on us exchanges they stress we do identify as sharp and unusually just before the october 7th at tax. trading in risky short options, these companies expiring just after the attacks. time to go but almost seamlessly with the attacks that occurred saturday, october 7th. you were here live when we first got news of this tragedy. there is not much we know but
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investigators are looking into the israeli stocks involved include one of the largest banks in the middle east, certainly the largest in israel. of that is that one had a large position against it. those who traded it and bet that it stock would collapse, $900 million on that investment. a lot we don't know, trying to get more details on this but this, paired with early indications that some in israel might have been aware of the notion of that hamas attack even though they couldn't pick the time or the variables would something like it was telegraphed sometime ago. the former benjamin netanyahu foreign policy advisor kind enough to join us. thank you for taking the time. i don't want to hit you broadside up with this but what do you make of this, some hamas operatives might have been already planning this, maybe finding a way to profit off of this.
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>> it is already being looked into and there have been some opposing theories put forward specifically by one of the chief personnel in the tel aviv stock exchange that professors have misunderstood the way stocks are valued on the tel aviv stock exchange where the share prices, there are 100 per shekel, so it is like a send, so they had the share prices off by a decimal point and the actual profits were much smaller than they judged them to be, because they were miss valuing the actual stock so that is one of the things that determines if this is a misunderstanding of two american stock exchange experts less aware of how stocks are traded in tel aviv but the
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actual value of the stocks, was only 32 million shekels rather than 3.2 billion. it is not clear whether the report was based on an accurate understanding of stock prices in israel but that's one report that came out today from an early investigation at the tel aviv stock exchange over the allegation but still being investigated very seriously and it is not clear if these stocks were traded in new york or specifically in tel aviv so it may be a partial exploration of part of a problem so obviously looking at this very seriously. neil: to your point, i was also looking into what the environment for stock markets around the world including the exchange in israel, during that period from september 15th to october 5th, when selling or
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shorting might have been going on, sure enough the markets, our own included having a rough go of it during that period, the s&p 500, five. 5%, nasdaq composite down 5%, etf tied to financial issues all over the world, put down 8.5%. there might be something in common that during this period financial issues or many other issues under selling pressure but i want to get back to something that had been out there that this was not exactly a shock to those who had been watching are following hamas, we had the same thing in our country with 9/11, the details of using passenger jets to ram into building seemed foolish and some of that was dismissed, easy to play monday morning quarterback, myself included right now.
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do you think israeli markets are open to the extent that any nefarious operators could do something like this. >> in israel our markets are more regulated than in most. it is difficult for hostile actors to short trade, they have to be identified to prevent money laundering and to prevent trades like this that could destabilize the israeli market. i think it is not something that is as simple as it might sound from reading the headlines. it was easy to be alarmed by reading these headlines. nobody is dismissing the gravity of the allegations these professors made in their study but it does have 2 be looked into seriously and part
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of a problem, lack of familiarity perhaps with the way stocks are traded in tel aviv. neil: we are looking at other development but i want to talk about that. the story grew. we are waiting for my 4:00 pm show on fox news, the authors of the study to see if they can share details about it. talking about how representative markets the world over were doing during this period from roughly september 15th to october 5th, the point you minor issue options and sees on something that could lead in this moment of collapse in a stock. in this case that stock did fall about 22% from that period. this is from charlie brady, our stock senator. it is more extreme than another representative financial issues. whether it is pinpointed to
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that. it accelerated after that after the october 7th attacks. and on monday ninth, it was in freefall. we are trying to piece this together with a lot of unknowns and curious trades. a lot of it not in the united states are localized in the tel aviv stock exchange but it does hint at the possibility of a coordinated effort to bet on something bad happening. stay with us. you are watching fox business.
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they are betting on that happening. there are nuances here you can't appreciate, lewis still a good marketing history, and we've seen this type of stuff for the markets, oddly doing things and then you hear big things. >> suspicious activity is not uncommon. there's trading activity in wars and conflicts, 7% and 9%, to rebound. there's a chain of custody where hamas, it would be done with blood money intent.
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they seem rising tensions in the middle east, that something is going to happen. neil: looking at the macro environment. they were all falling during that period with financial issues close to double that. that was the environment this happened. if someone had done that, possible. we've seen examples of that. >> there is a great yale study for the last 40 or 50 years they see the same type of suspicious options activity had of deals. three people can keep a secret of two of them are dead. that's in very opportunistic areas of the market to. to think anyone might be moderated by profit more than the death of human life, that is something. i would be careful to make that accusation.
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neil: i remember covering 9/11. the markets had closed and stayed closed, but when the markets did open they were tanking. we learned there are contract on the table betting on a big fall of the markets long before the 9/11 event, they knew something was up. we have seen it in the past with the jfk assassination before we got word he was that, the market was dropping. it brings out the black helicopter crowd. >> everyone will think about conspiracy theories and what's going on, the next shoe to drop but the markets have digested that. look what happened in the aftermath when they sold off the outbreak of the profit.
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we talked about this a month ago that the general climate of uneasiness and uncertainty, almost shrug it off. there's a war in the middle east, the war in ukraine, a month at best. it is an unfortunate situation. we become numb to conflict and uncertainty. at some point there's going to be a conflict, we usually have one every decade. what is it? i don't know. neil: people always wish us ill. no accident the financial community was hit on 9/11. in retrospect usama bin laden thought that would lead to a multi-decade depression in the united states, more like multi-month. your own markets never were hit on this. the story as it stands is markets come back, trying to
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piece together some operatives might've tried to take advantage of that. >> don't know how people stay bearish all the time. they kill investors, when you know what the risks are. starting the rally, this was a year at the stock. and then had the best six months. what an interesting development in the last month, it loses steam and more speculative areas like small caps, small caps index was flat for the year and the russell 2000. neil: buying everything and
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everything, they trash a lot of selling and there's the window between early november to mid december where people suffer tax losses and the stocks are trading at levels where you see people come back and say that's too compelling. one man's treasures another's treasure. neil: didn't mean to drop this on you but getting your big market perspective. we will be exploring this a lot more later on on fox news. we are trying to piece this together. these two authors who studied this activity going on behind the scenes of the israeli stock exchange, localized to some of the biggest is really institutions and etfs, a lot of curious development there. we are not going one way or the other but it is curious. when something gets curious, they look into it.
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neil: back to the story that seems to try to link unusual trading on the stock exchange, some selling in that and shorting of stocks, it is going to go down and make money off of that, tied to the hamas attacks that occurred on october 7th, that was a saturday, so this would end on the fifth or the sixth, thursday or friday. going into the weeds to know a lot of people are going to this report, as 67 page report that includes a former sec member and shortselling expert to talk about this but charlie gasparino is here. there are a lot of wrinkles with this story and a lot of question marks with the story. charles: it is the academic
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side of this thing, a professor at columbia, i text him or email him because just so you know i covered this sort of stuff a lot. i was a reporter at the wall street journal, trading and treasury bonds, huge short positions, treasury bonds going down are going up before the terrorist attacks so those short positions after the terrorist attack sold off dramatically would have yielded a huge game, the government looked at this inside and out. there was a real investigation but what wasn't real was the fact whether this was terrorist related, that he was in a cage somewhere trading treasuries.
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there is unusual trading but that being said, we tried to track the guy who went short before the planes hit, as the planes hit, john mulhern, former legendary trader who had an office on wall street who saw the plane hit and as soon as he saw it hit him i think it was the first one. the stuff is very -- research on this fails an interesting test. neil: having said that, there was a sense the history of hamas, they get financing from iran but the market here, i am
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wondering, hours are heavily regulated markets. we have an israeli representative, we need to be more diligent about that stuff but is it hard to pull off? you question the timing. neil: a desk, some sort of marketmaker. i don't know how you go about this. if you believe the criticism of it, they didn't make that much money. neil: they are coming back to say that's not true. we are trying to find out today but i am curious from your take do you pay attention to that? do we pay more attention after the fact when people are looking for.
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neil: charles: you could find all sorts of stuff if you want to draw conclusions, confluence is of factors, usually it doesn't matter, doesn't just stand the test of real investigation. neil: massive lawsuits they could be facing. charles: it was just filed, the longtime attorney mark castawets has filed a case against the university of pennsylvania on behalf of two students, suing for damages saying the university failed to protect their civil rights. they are both jewish, fail to protect their civil rights as they attend classes, as they just are being harassed and threatened. two students are on that lawsuit that i just saw.
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this is i think the second one that was filed. i am sure there will be more. it's an interesting case. civil rights. do i have a civil right to go to class and not be assaulted and attacked, seems like a civil right to me. julie: did nice for us. i leave you with the dow down 126 points but technology stocks are struggling, we will pick apart for you after this. ♪ you can't buy great conversations
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neil: the push to make sure we are sitting on evs in a few years is on but jeff flock witnessing bumps on the highway. >> reporter: we are at the consumer reports test track in connecticut in a fancy car here, they have been at consumer reports, the ev performance compared to what is advertised, what are you finding? >> 22 electric vehicles on the market, highway range test, 70 mile-per-hour sustained, half the vehicles underperform what their epa sticker said but a lot of vehicles went way further.
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>> reporter: you trust the epa are what is on your sticker when you purchase the vehicle but look at the numbers, this mercedes along with other german makes and give you more range than advertised. >> it is rated for 340 miles by the epa. jeff: the bad side, other ones like the popular ford lightning pickup truck, 40 or 50 miles west. >> 50 miles less out of the ford f 150 lightning. other vehicles within a couple miles, all over. >> reporter: can you pause for a second -- >> the acceleration of these evs is nearly instantaneous. because of that, we've reduced
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the weight of the acceleration score because so many of these are so fast it's not reasonable to use them on the road. we reduce the credit. >> reporter: important to note of our real world stuff. kind of trust these guys at consumer reports to give us the impartial numbers in terms of what the evs do. good to see some do better in some not so much. >> we really feel in the highway driving situation going on that trip you know how far you can go so that is what the data does. >> reporter: put the pedal to the metal as we say farewell to mr. cavuto. neil: some will do better and some worse. that's how it sorts out. this high technology is getting get into our cars, many powered
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by artificial intelligence, going into virtually every company on the planet these days into surgery rooms. i was knowing i was going to talk to you today because i don't know if i want a machine or ai doing what you do or opening me up and giving me heart surgery. are we close to something? >> the role of ai in medicine is about an adjunct, a tool for me to make me better at what i do. i don't think we will have robots replacing me and the cath lab but there are things in certain technology, particularly medical devices that can help me do a better job taking care of my patients. neil: explain how that could help you do what you do? >> a new technology by the
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guardian, like a pacemaker implanted in the chest, what this does is looks at your ekg and if you had a heart attack in the past and at high risk for a heart attack it can alert you and your physician if you are in danger of having another event, gets you to the er faster and get to a cardiologist faster. it helps us treat the patient more efficiently. neil: when you do open heart surgery you are using your own eyes, your own skill set. where would ai come into that. what resources would be at your disposal, would make it better, what you do, and improve the prospect for patients? >> one of the things that's important is patient selection, how to make the right patient for the right procedure at the right time and we have guidelines from clinical trials
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but by using ai we can build protective models to help us choose the right patient for the right procedure at the right time. ai is math, statistical models that make predictions so it is garbage in equals garbage out so there's a lot of work in terms of designing, testing, validating and supervising the ai. neil: you sat behind at school and asked you to move your shoulder to the left so i could copy off the paper. wild stuff. great seeing you again. have a wonderful christmas if we don't chat again. >> merry christmas, thank you so much. neil: doctor kevin campbell. we have jackie deangelis with what's coming up on "the big money show". jackie: university presidents are answering questions on anti-israel activities on college campuses. we will bring you the latest. bitcoin with peers on that
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crypto trade and ai, new technology can impact your health. first, more coast-to-coast after this. ♪ (adventurous music) ♪ ♪ ♪
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change opening an inquiry-based on for fact that we have would be justifiable but they run the risk of doing inquiry the doesn't necessarily lead anywhere or have been ignoring a lot of problems our voters are talking about. we have to address these other issues. neil: can they walk and chew gum at the same time? to hear ron desantis talk about an inquiry, might be a good step but if it leads to an impeachment wave of republicans going after democrats, be careful. national political reporter, what do you think of that, be careful. >> interesting coming from him, he spent a lot of time talking to voters the last few months so i imagine he's hearing that from people he's talking to asking about things other than impeachment and he's reflecting that. i give credit to my colleague
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who has been all over this, has been a bit of a bone throw to the rightward flank of the republican party in the house by speaker mike johnson. that's what this is, formalizing an impeachment inquiry. there are risks to that. if you are making people including those who are more vulnerable, districts won by president biden in 2,020 or competitive districts, that forces them to be on the record whether they support this impeachment inquiry. this is one of the first steps. there's an inquiry after this but by cosigning the formality of a you say you are okay with what they are going to find. there's a messaging aspect. as they get this formalization some folks are saying this will help donald trump if he is the republican nominee. that's not helpful for a republican who may represent the district president biden won, that could only animate those in that district and be
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decisive if you have an animated democratic base and a district carried by the current president. adam: newt gingrich telegraph that if you vote against doing this, you could be primary did. that is very tony soprano. >> easier said than done. maybe it works for freshman congressman who has not established themselves but vulnerable districts are represented by republicans who've been in congress for a number of years, have unique brand, voters know them. primarying someone like that is difficult, we've seen that in past elections, not sure how operative that is even though it's a nice thing to say on tv. neil: sometimes you can present candidates who don't get a red wave going. that is happening. always good seeing you. more after this. ♪
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