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tv   Varney Company  FOX Business  October 9, 2023 11:00am-12:00pm EDT

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[ bombing sounds ] [ sirens ] stuart: good morning, everyone. it is 11:00 eastern, we begin with this fox business alert. deadly fighting continues around gaza this morning. hundreds of people have been murdered in israel, including at least nine americans. we'll continue to bring you the latest breaking news as this situation develops. on the markets, not a profound reaction, not the one i want expecting frankly. the dow is down 100, nasdaq down 118. got that. oil prices, in is going to be important because oil prices are rising, perhaps fueling inflation, perhaps slowing the economy. $86 a barrel as we speak. watch oil for what's going on in the mideast. and now this, at this moment, 100,000 israeli troops complete with military equipment are
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assembling on the border with gaza. looks like the preparation for an invasion. it will be brutal. israel's defense minister imposed a total siege saying there'll be no electricity, no food, no fuel, everything is closed. we're fighting human animals, and we act accordingly. the palestinians murdered hundreds of israelis and soldiers reportedly beheaded and women and children butchered. this is the new world order that biden helped create. sorry to say but he did. russia, china, north korea and arab dictatorships bound together to break the old world order that western powers worked towards arkansas towards for decades. it's imperative this act of oppression and brutality be rolled back meaning putin must lose in ukraine. take note house republicans. china must suffer it is aggression and iran's proxy forces must be beaten. and it means america has to increase its defense budget
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whether the left like it is or not. it's a pivotal moment, any win for putin, xi jinping, or the militants is leading to more aggression. the dictators want power. they can't sit wack back and rest easy. if there's a ground invasion of gaza, as looks likely, yes, it will be brutal and calls for a ceasefire, the need to save lives. is president biden strong enough to go for an all out win? that's the question for him, and for the gop presidential candidates as well. the third hour of varney starts now. stuart: kyler skinner joining us this morning. this is the new world order. is this the new world order winning at the moment? >> it's a new world order that's emerging. i don't think we've hit it yet. the united states still has the
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capacity to be the leader in the world. i would say we have the domestic will, but we need a white house that has a theoretical argument to make the case to the american public and to show the strength and the world that the world is better off when the u.s. is the predominant power helping to organize norms and helping to make sure that nations are treated fairly and that in the realm of great power competition, the united states with its democratic practices is the best model for the world. that's not happening now. but i think we can still get there. this war makes it a lot more difficult because as you've said in junior powerfully accurate monologue, the u.s. can't retreat in ukraine or in north
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korea, in the middle east and other parts of the world. it doesn't mean that we have to fight the wars, it doesn't mean we have to break the bank to support the conflicts, but it means we have to show up in very precise and clearly defined ways. that's not happening now, and i think part of the division of the american public including the republicans on whether we should even be in ukraine, which now has an affect on what we do in the middle east is born of the fact that there's a lack of clear discussion about goals and procedures, objectives and end games. we need that to happen urgently. stuart: "the wall street journal" reports that iran helped plot the attack on israel over several weeks, a long period. could this maybe expand to a expanded war including iran? >> yes, it could because iran has proxy ma liberal supra aural headphoneses all over --
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militias all over the middle east and really all over the world, and they are so entangled that it is difficult to know sometimes who's doing what. think about israel right now on its southern border, it's facing a war with hamas. it had a brief skirmish, it was very contained however up north with hazbola yesterday. it's a multi-front war with israel alone. think about the other proxies that iran has. look at yemen, look at lebanon, this is very, very complicated in the middle east and all over the world. stuart: you worked in the trump administration, i believe. trump is now saying this horrific attack on israel would have never happened if i was still president. you believe that? >> i do. i don't believe in taking low blows or pot shots at the democrats or the biden administration.
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but if you look at the period of donald trump in the white house, these conflicts weren't happening. many of our adversaries, the dictators that you ment mentionn your monologue, near peers were kind of in a box, little rocket man as trump talked about the north korean leader, stopped his missile test. there was no ukraine war. i think putin understood his place better. trump was dealing with president xi. everywhere we looked in the world, things were becoming better. the u.s. was emerging as a leader, and even in nato where tram wondered allowed about u.sd hundreds of billions of additional money that went from nato countries to mutual
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defense. when he assumed the presidency for four, five nato countries, met the 2% of gdp pledge for mutual defense, when he left that had doubled at least. stuart: kiron skinner, please don't be a stranger to us in the future. come back and see us again soon. love to see you. kiron skinner. back to the markets, jason katz joining us with market coverage on this very important day. dow is down 100, nasdaq down 123. all right, jason, is the war giving america a new recession risk? >> the short answer, stu, is yes. recession risk is definitively elevated. look, the economy was already rattled by elevated rates, and now they have a whole new fresh dose of worries. it's not a surprise that we have a knee-jerk reaction in the market this morning. frankly i thought like you the market would be lower. not surprised by the jump in oil and oil-related shares, the surge in defense stocks, the
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modest moving gold, the dollar as a hiding place and when the bond market opens tomorrow, you're going to see a rally in treasuries as well. so the bottom line is recession probability is definitely rising, especially when consumers and businesses alike are now sort of paralyzed with uncertainty. and it changes the fed's calculus by the way. stuart: yeah, because they're not going to be raising rates any time soon in this environment, surely. is there a possibility that they will lower rates? >> lowering it, probably not. pausing, yes. look, prior to this the jury was still out in terms of the next rate hike. the rise in long term rates, which happened per siptously was doing some of fed's so-called dirty work and the next move in rates prior to this atrocity was going to be the inflation print this is week and would have given them direction. but this war leads to a pause. why? because there's unknowns and how long does this last? does it spread to other parts of
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the region? what's the extent of the u.s.' involvement? so rate cuts, stu, only if things spiral out of control, which is on the table. stuart: jason, you perhaps cannot see this but at the moment we're showing gaza city, the israelis have no doubt launched air strike. they've launched air strikes and at the moment we're seeing a paul of black smoke hanging all over the city as if something has just happened, some kind of new attack, new explosions have just taken place, and that is an accurate statement. jason, i'm going to end it right there. thank you very much for being with us. always appreciate it. left handout side of the screen and i'm looking at price of oil going up some more. you're at $86.33. that's always going to be a problem for investors. let's take a look at halliburton, please, with oil surging, you expect these companies to do well. halliburton is up 7%; right? lauren: israel's port of
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espeespecially issue lon is an l terminal and it's shut down. there's a fear of this not just being a conflict in israel but a wider regional conflict and oil surging by 4+ percent and last week fell and situation changed drastically. stuart: all the oil companies are up this morning and very significantly and defense stocks significantly and they're the safe havens in a time of war in the mideast. got that. spotify to change the subject. lauren: yeah, down almost 3%. some of the premium users are going to get 15 hours of free audio books per month and that hurts their mar john and downgrade to -- margins and downgrade to neutral. stuart: arm. lauren: it's chips for mainly smart phones and they've branched out and coverage began with impressive 17 boys and one price target as high as $85 and this is confidence in their plan to increase beyond smart phones
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to the cloud and cars. stuart: a live shot of gaza city engulfed in smoke and keeping a close eye on this and what's happening over there. stay with us, please. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™.
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stuart: israel defense minister claims iran provides hundreds of dollars to hamas and islamic jihad every year. how big is iran's influence on hamas? >> zurich iran prophase $100 million to hamas and other
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terrorist groups and u.s. officials have yet to definitively say iran is linked to this weekend's aphacoand wall street journal reports teheran helped plan for weeks. >> as you know, hamas and iran are closely tied and iran provides material support, funding weapons to hamas. it's what they call the axis of resistance and of course resistance to the existence of the sake of israel. >> iran's money comes in part from crude oil exports despite u.s. sanctions against it and china is buying more than a million barrels per day. the u.s. government has ceased some oil exports in an attempt to more strictly enforce the sanctions but republicans criticize the biden administration for a laxed approach to teheran pointing out the $6 billion in oil money the administration unfroze in that
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prisoner swap. secretary of state antony blinken insists that money remains unspent but republicans are skeptical. >> if they have $6 billion more now for aid or food or medicine or whatever it may be, which truly i don't believe it -- truly i don't believe it ever get tots people, then that relieves $6 billion elsewhere they can yet then use to sponsor terrorism. >> and, stu, even before this weekend's attack, republicans in congress had introduced a bill that would make it more difficult for president biden to provide sanctions relief for iran. stu. stuart: got it. grady, thank you very much indeed. now, we want to take a look at this, it's an article and op ed actually in the new york times from columnist brett stevens "hamas' control of gaza must end now". former state department adviser on iran joins me now. brett stevens says israel must destroy hamas and that's in the
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new york sometimes of all places, what do you make after that? >> well, when you have a group that kills 700 civilians in one day, the israeli leadership can't accept their continued existence and the existence of political leadership and there's a consensus in israel that they have to effectively decapitate hamas leadership. the hard question is what comes after that. who's going to replace leadership in gaza and will israel go back into that region? your viewers may remember, israel left in 2005. they said we just don't don't want to be part of this and governing this area anymore. there are a lot of people who are now saying that was a historic mistake. >> do you think that the administration, the biden administration will fully support israel and give israel what they need to do the job? >> we've seen a troubling pattern in the last couple of years where they say that on day one apheter resistance attack israel, and then a few days later they're calling for ceasefires, restraints,
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deescalation. the way i think about this is i would be agassed if any country after 9/11 said we needed to be restrastrained in our response against them. we've seen secretary blinken tweet and delete a tweet calling for a ceasefire. so i'm not confident that there's actually a concerted response here from the biden administration. i am seeing positive developments on a lot of the arms shipments. there's bipartisan agreement we should replenish israel's iron dome interceptors, and that's something for congress to take up immediately now that they're back in session today. stuart: the bigger picture if i may, up until saturday, the two state solution to the problem, mideast problem was very much in play. is the two-state solution totally dead this monday morning? >> i think what we saw on saturday was hamas advancing the one state solution, and that state does not have space for
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any jews or israelis. i don't see any political support for the two state solution anymore. this was an escalation that to me kills any idea of that political solution. the whole point of hamas' invasion was also to derail the peace plans between israel and saudi arabia and the leader haves said that that it's part of their intent and they want to see footage of israel's retaliation into gaza. then they want to use the videos of destroyed buildings as sort of propaganda leverage so there are partners saying we have to back away here. it would be a mistake for anyone to fall into that trap. stuart: we will not fall into that trap. gabrielle norona, thank you for being with us, sir. >> thank you for having me. stuart: yes, sir. former vice president mike pence suggests tram and desantis share blame for attack on israel.
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ashley, can you explain his reasoning? ashley: yeah, pence says trump, desantis, and other republican leaders have criticized ongoing funding for ukraine and he says that signals america is retreating as leader of the free world whether it's in ukraine or israel. here's what he told cnn. >> are you talking about your former running mate? >> well, i am. what happened this weekend was an unprovoked invasion by hamas into israel, and i really believe now more than ever both the debate within the republican party and the debate within america is whether or not we're going to once again stand without apology as the leader of the free world, as the arsenal of democracy. stuart: well, pence says the disastrous withdraw from afghanistan emboldened enemies and now war is raging in eastern europe and accusing biden of
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kowtowing to the groups in iran and lifting sanctions and begging them to get back into the iran nuclear deal and then paying $6 billion in a ransom for hostages. all setting the stage, says pence, for unprecedented attack by hamas. stu. stuart: well, ashley, some members of the squad called for a ceasefire. i bet that didn't go down very well, did it? ashley: no, several squad members over the weekend condemning the violence calling for the conflict to deescalate. alexandria ocasio-cortez said "today is devastating for all those seeking a lasting peace and respect for human rights in israel and palestine. i condemn hamas attack in the strongest possible terms adding this violence will not solve the on going oppression and occupation in the region". that statement drew criticism from south carolina gop rep nancy mace.
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congresswoman ilhan omar condemning the fighting pointing to the "horrific acts we're seeing unfold against children, women, elderly and unarmed people who are being slaughtered and taken hostage by hamas". but conservative commentator said notice how she only condemns the acts against children, women, elderly and unarmed. she's implying that attacking or killing idf forces is fine. just some of the rhetoric over the weekend, stu. stuart: none of it good. thanks very much, ashley. this just comin coming into us,e european union, eu, the block, is suspending all payment immediately to palestinians after the attack on israel. it came hours after eu officials stress that had no eu money whatsoever was going to hamas in the first place. the eu claims they are the biggest donor to the palestinians and they're shutting it off. check those markets, please.
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here's what we've got for you. dow's down just 46 points and nasdaq's down 97. coming up, propalestinian protest broke out in new york city over the weekend and burned israeli flags and one protester held up an image of a swastika on their phone. john levine was there and he'll tell us what he saw. israel says it's retaken control of border towns along the gaza strip and trey yingst witnessed one of the rocket attacks in israel firsthand and he'll join us next with the latest from israel.
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- [narrator] call aag, the country's number-one reverse mortgage lender and get your free info kit. call the number on your screen. just commented on the war in israel. he says the failure in the mideast was not just israel. he wants to know why u.s. intelligence missed this and he's calling on us to confront iran. chad pergram notes that mccarthy's comments are part of a campaign to potentially retake the speakership. that's just happened. propal tin indian protists brokn protests broke out in new york over the weekend and one person held up an image of a swastika on the phone.
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that's despite the largest jewish population outside in israel. john levine was there and he's going to take us through what happened. good morning, john. tell me more. >> morning, stuart. i've lived in new york city my whole life, and i've never seen anything like this in my own life. they're a cult cult and you're walking in time square and have hundreds of people dressed up as hamas fighters and holding flags and wearing the masks, and some of them have shirts with suicide bombers on them. this is not gaza city. this is not even europe where those kinds of scenes are be becoming more common. these are people when the rally is over in the movie theaters and buss and trains and at the airport with you. thereamong us and it's incredibly disconcerting and the fbi monitoring your uncle's trumpy facebook post and i hope some of the resources could be diverted to some of the people yesterday because if there's another 9/11 in this country, it's going to come from the people i saw yesterday in new york city. stuart: that worries a lot of
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people. there's over 100 known terrorists that krugere come across the southern border and i don't think we know where they are. they could have been in time square yesterday. >> the scenes that trainings is doing wonderful work -- trey yingst is doing in israel, i worry we're seeing that here more and more and it's disturbing. stuart: mccarthy is speaking on israel and the reporter says he might be using this as apart of a campaign to retake the speakership. any thoughts on that? >> you know, it's really coming into focus why we can't have chaos in the house of representatives right now. we can't just govern from crisis to crisis and continuing resolution to continuing resolution and things happen in the world and we're divided and we are in chaos, people see that. stuart: sure. >> israel was divided too when it happened and they were having their own internal struggle. i think kevin could certainly use as an argument to say, look, i was a uniter and people got along with me. i know everyone and i've been speaker before and now is not a time for on the job training to be speaker. i know how to do this job. maybe give me a second look.
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i don't know if that'll be a successful argument, but it's an argument for sure. stuart: quick point, you went to the demonstration yesterday. are more planned for today? >> yeah, more planned for today. oh, yeah. it was one of dozens held in america. yesterday in this country so it's here. they are among us. stuart: i'm sure you saw it, but 31 groups in harvard came out and said it's israel's fault. what's going on in this country? >> the academic institutions have been completely overthrown by all of these sort of very radical progressive ideas, crt, wokeness, whatever you want to call it. i personally would prefer anyone that went to a solid state school in new york than harvard, yale, or princeton. stuart: i'm with you all the way. lauren: mccarthy hitting hard. it comes from chad pergram and said it was a failure in our intelligence community and why did we not know this was happening? why is there a secretary of state that says he has no knowledge if iran was involved? stuart: mccarthy is a friend of
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israel from way back when. >> he's an absolute old hand. she's solid on this issue. he can make a very excelling argument. stuart: -- compelling argument. stuart: a compelling new speaker because of the situation that's evolved. lauren: could this get mccarthy, should he want this speakership back, seems like he might, what do you do with matt gaetz? what do you do with some of the others that are on the hard right? stuart: i tell you what i'd do with matt gaetz but that's not the point. lauren: it's a hard right. >> got to win suspect of gaetz's allies and vacate rule and he could come back. no question. stuart: john, thank you very much. good stuff indeed. new york democrat dan goldman was visiting israel with his family when this weekend -- when the attacks began. come on in, ashley. was he able to escape? ashley: yeah, he was. goldman, his wife and three young children were forced to shelter in a hotel stair well.
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the family was in israel for a family bar-mitzvah when they were launching attacks and they were able to leave israel safely yesterday return to new york and goldman calling on congress to immediately replenish and expand the so-called iron dome, israel's air missile defense system. by the way, goldman wasn't the only member of congress in israel over the weekend. democrat senator cory booker and his staff also had to shelter in place while they were in israel. watch this. >> there were thousands of rockets being launched when i got back to the hotel, i joined others in the bomb shelter or stairwells of the hotel. frightened faces, there were children and elderly, families, many americans. hundreds of people have been killed, thousands of people have been wounded in a level of attacks at a scale that is staggering, really has not been seen in this country for over 50
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years. ashley: well, booker cut his trip short and departed safely from israel yesterday, stu. stuart: ashley, thanks very much indeed. showing you again the black smoke that is filling or hovering over gaza city. the israeli air force unleashing new strikes on hamas. trey yingst is live from israel for us again. you're on the ground following the attacks. the late fest where you are right now, please. reporter: yeah, stuart, there's constant fire into the northern part of the gaza strip. the israelis are using attack helicopters and they're using fighter jets and everything they have to hit these hamas positions and also to level a number of buildings inside gaza. we're talking with sources in gaza city, and they say certain air strike positions, dozens of people are dying and it's a massive, massive attack by israelis from the air and ground. they're using artillery units to
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shell the eastern part of the gaza strip and this is just the beginning. this is not expected to be the entire response. this is just laying the frame work and ground work for what will come in the days ahead. we do expect israel to enter gaza on the ground. 300,000 israeli reservists called up to assist in the war that erupted. we also know that there will be a possibility that lebanon gets involved in the fight and there's the lebanese militant group hezbollah and rocket fire from lebanon and israelis are now striking lebanon. this is already a multistate conflict and the question is how it develops and at what scale it develops. stuart. stuart: a multi-front contest, that's right. that's what's happening now. trey, good stuff. thanks very much indeed. coming up, flights to israel suspended following the deadly attacks. faa told airlines to exercise extreme caution when omitterring around tel aviv. we'll give you all the details. more varney, next.
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stuart: kevin mccarthy leaves the question about returning to the leadership up to the gop conference. he did not flat out say no to returning to the speakership. it's down former mccarthy speaking about israel and did not want to keep himself in play. and try to exceed leadership. change the subject. trial of sam bankman-fried taking a pause today because it's columbus day, but the drama will continue tomorrow. kelly o'grady has been following if for us. they finish up testimony of ftx cofounder and i want to know who's next. that's the story. >> stuart, it's none other than caroline ellison and she's the ceo of the research company at the center of the fraud trial,
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and she happens to be sam bankman-fried's ex-girlfriend. it is an understatement to say that she's the most anticipate the witness of the trial. what we're expecting is explosive testimony about the behind the scenes of the operations of ftx, but also some really juicey details on their relationship, who sam bankman-fried was as a person. one piece of evidence that the prosecution is planning to introduce: her dire. that's going to -- diary and detailing her dynamic and innermost thoughts and days leading up to the collapse. she's the prosecution star witness and a key part of the defense. from opening statements, we know that they plan to blame a lot of this on her so this could really devolve into a heated he said she said and they'll finish cross of gary wang and he's testifying in exchange for leniency and it's focused on refuting sam bankman-fried's defense that he didn't know what was going on. i'll share one standing revolution with you, he shared that he discovered alameda owed
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$11 billion and when the prosecution asked how the company would repay them he said "all the money came from ftx customers". legal experts shared if the jury believes wang and ellison's testimony, it reveals a face yuri colins to disclose -- failure to disclose and key for the prosecution to prove in a fraud case. stuart thus far, it's been really, really convoluted how they're presenting the evidence and the spread sheets and interesting to see if the jury is following along. stuart: if you're in a public eye, never keep a diary and never let it be shared against you. that was a rule of law. lauren: was it a written diary or more on the computer? >> both. lauren: that's a question, who keep as diary. who keep as diary? do you? >> i don't. stuart: thank you, ladies. all good stuff. ventures capital chair kevin o'leery weighed in on the
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collapse of sam bankman-fried. ashley, what is he saying about investors miss about the rise of sam bankman-fried? ashley: i'm throwing my diary away. there you go. o'leary says in the early going with billions of dollars being thrown around, people lost sight of the fact that ftx was just a startup. watch this. >> as i tell people all the time, and this is what's missed on the ftx story and the sam bankman-fried story, in the end, sam was just another startup. raised a tremendous amount of capital in extraordinary valuation at $22 billion was the valuation in the last round, and some of the largest financial institutions in the world were investors. ashley: so what led to the worst crypto disaster in history? fox nation is airing a special called who is sam bankman-fried detailing the rise and fall of ftx closely analyzing sbf and
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his allegedly crooked role in one of the greatest economic disasters of the decade. stu. stuart: all right, thanks very much, ash. have a look at dow 30. what's the market telling us on this particular day just as israel is being viciously attacked? well, it's a split decision, isn't it? half up and half down. a fractional loss for the dow, down 0.07%, 33,384, that's not. of a reaction to what's going on in the mideast. there you have it. nine americans have died in israel. white house national security adviser says they're working closely with israel to bring american hostaging back home safely. watch this. >> of coursely our hearts go out to the people who have been caught up in the situation. we'll be closely coordinating and working with our israeli partners on making every effort to bring those people back safely. stuart: well, david webb traveled to that region many times before and he'll give us a scene setter from david after
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this. ♪
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(♪♪) my plaque psoriasis was so bad... i couldn't get my hair done. my psoriasis was all over. then my joints started hurting, found out it was psoriatic arthritis. who knew they could be connected? for me, cosentyx works on both. 5 years and counting. did you know people with psoriasis on the scalp have a 4 times higher risk of developing psoriatic arthritis, which if left untreated can lead to permanent joint damage? cosentyx works on all of this and helps stop further joint damage. talk to your doctor. find something that works for you. serious allergic reactions. severe skin reactions that look like eczema and
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an increased risk of infections, some fatal, have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to, or if ibd symptoms develop or worsen. cosentyx. still workin' for me. ♪see me♪ find relief that can last. ask your dermatologist about cosentyx. stuart: some airlines suspended flights to israel. ashley, which airlines?
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ashley: a lot. united, dell taxer and american airlines each scrubbed service to tel aviv. united flight by the way 954 that left san francisco friday night for israel reportedly turned back near greenland and faa sent a notice to pilots states operators are advised to exercise extreme caution when operating in the tel aviv area because of the attacks. by the way, many european carriers suspending service to tel aviv including british airways and swiss air and israeli airlines el al said yesterday its flights are being operated as scheduled. stu stuart: i want to fill everybody in on this one. the white house called a lid. that means no more activities for the president for the rest of the day. 11:46, he calls the lid. next case. several u.s. citizens have been killed in israel. others are being held he is damage and white house wants to bring the hostages back safely. watch this.
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>> our hearts go out to the people who have been caught up in the situation, we'll be closely coordinating and working with our israeli partners on making every effort to bring those people back safely. i do think that we're going to be wrestling with this for awhile and working closely with israel as they plan whatever operations they have underway and the tactical decisions will be made by them as the country that is actually on the ground dealing with this. stuart: i want to bring in my colleague david webb because david knows that area well and has visited many, many times. what do we do about these hostages, david. >> i spoke with ambassador michael and i think you know michael used to be a gaza commander as well. in the case of where they are combined with israel's ability to negotiate, that's a difficult situation right now. qatar has offered to come in. how does the u.s. get involved? that brings in a wider issue for
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us. these are americans in some cases or israeli americans of which there's over 100,000+, well over that that carry dual citizenship and this is a complex situation and right now there's not a clear path. stuart: how should the white house respond to the situation and i report that had the president called a lid for the rest of the day, in other words no more public appearances or statements for the rest of the day. is that the correct response at this time? >> if the president wants to show, and this is not partisan, stu, if the president wants to show support against an assault, an all-out war assault on israel, then he needs to be available to speak. it's already night in israel. that means he can speak to the western world, to the time difference here to keep that support going so that tomorrow morning when they wake up, they know that they still have the support in a vocal support.
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what they've done at the white house is pull back because their left flank is very anti-israel and look at rashida tlaib and cory booker is putting billions into iran and cory booker is a fraud when he sits there and explains or proclaims his support. when you look at new york state representatives and more, they have all been in this camp, harvard university. so the president can stand up there and speak against all of that, not even by mentioning it but by standing up and saying whatever israel needs, whatever we have, we have working relationships, military relationships, intelligence relationships that we will do our part, but not get drawn into open conflict with the gaza, with the gaza and they may not call it an army, but it is an army. stuart: biden is planning to send additional aid to israel. my question is, does that mean less help for the ukrainians?
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>> that's a good question. we don't know. i mean, there's only so much stockpile available and only so much available to be sent off so these are the discussions that the white house needs to figure out how they balance this. also we've got to consider something, now we have a carrier strike group close by. at what point are there quick response forces in case it gets worse for americans? there's a lot of things that are in flux right now. susan: does this help or hurt president biden's reelection campaign? >> he's been hurt so much along the way. i don't see how this possibly helps him. look, we're going to -- we've already seen proclamations from democrats with the exception of, say, the squad or the individual members like rashida tlaib but the biden administration can't overcome their own record on israel. look at abraham accords from then and middle east to where we
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are today and de-tablizing factors and can't deal with saudi correctly and directly. whether kansas city chiefs far can play -- qatar can play a role, maybe that helps but i don't know how this can help and the record is clear and even to those especially those in the middle east. stuart: trump says this would never have happened if i was still president and an awful lot of people that agree with that. david, i've got to wrap it up right now. i'm out of time, but very interesting discussion. come to see us again real soon. thank you, sir. >> sure, stu. stuart: markets are still showing very mute red action to what's going on in the mideast. the dow is down 16 points, nasdaq's down 75, just over a half a percent and not a jordy major league selloff. which river is called the father of waters in america? the colorado river, mississippi, missouri river, ohio river, the answer when we come back. you look like you're stumped because i am. lauren: i am.
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stuart: we asked which river is the father of waters and american the colorado, mississippi, missouri, ohio river, actually you are first. >> i'm to go number three,
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missouri. >> number four ohio. >> i'm to go number two, mississippi missouri, the mississippi river is the largest river in north america. 50 miles from the source to the gulf of mexico it drains 31 states and two canadian provinces and now you know. we are wrapping up a big day on the show nights volleyed in the mideast, israel retaking towns and villages on the gaza strip. the markets are down, it is not a huge selloff by any means. some are expecting that but not a huge selloff not at this point. the price of oil continues to go up, that is a worry for the markets and the economy while moving to 86, $87 a barrel this morning. that is it for "varney & company". "coast to coast" starts right now. neil: you ar

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