latitude, you did. latitude measures the distance north or south of the equator, there are 90 imaginary lines north and 90 imaginary line south of the equator. check the markets, a nice rally going on, israel preparing for ground invasion of gaza. the latest breaking news as the situation develops. the president will speak on the israel invasion. that's it for "varney and company". these are extraordinary times, the president addresses those times an hour from now. coast-to-coast starts now. neil: the president is set to address a war as the financial markets are ignoring it. not as things get any less tense, raging into 1/4 day,

israel continues pounding gaza from the air and a ground invasion could launch any day. hamas launches a rocket barrage of its own on the southern coast. the images are stunning, fallout from the middle east, but for the investors. many finding a safe haven us bonds, that since interest rates tumbling. stocks advancing, really advancing when it comes to the dow, not the scenario many feared. even oil prices eased. that might change but for those fearing a repeat of what market and oil prices did 50 years ago and it to the last big attack on israel, nothing even close. no oil prices, no embargo, no gas line, not even fears of one for now. today, we examine why this is happening as this war spirals out of control. i am neil cavuto.

we have a war raging half a world away and stocks far from falling, they are going along for the ride. before we get to what the president might say in less than an hour and what a tour guide witnessed from the hamas attack that brought us to where we are now, a very quick look at the markets. you see with the dow up 260 points. the major averages, look at the nasdaq, this will melt down, people have been buying bonds, not a big surprise, that draws up more the yield comes down. and a 4. 90% level, just a matter of time before it hits 5%. a different environment, much the same across the entire spectrum. and and optimism that we will weather this.

we were supposed to register enthusiasm on the part of the average american consumer. doesn't seem directly affected or feared they will be affected by events again. it is odd and unusual but it is what it is and this is a far cry from what we witnessed 50 years ago after the yom kippur war. of fear of escalating conflict and the united states that was alienated by the arab community and boycotted. and embargoed. remember that? the long gas lines, 1973 inflation period, lead to the high prices and slow down for what was going to be stagflation. is not happening now. for people like robert berman, an israeli tour guide who witnessed the atrocities of hamas, focused on what he went

through, what his people are going through. it is a pleasure to have you. how are you holding up? >> thank you for having me. i'm doing okay. a lot of stories of tragedy. a lot of israelis tortured and raped by hamas. just came back from a funeral where my difference, mark and debbie, their son, 27 years old, author -- officer of the ibf, special forces, went down south, found a settlement infested with these terrorists, put together an ad hoc unit, went in and in the process of killing the terrorists, got killed. the really unfortunate thing, that is really sad. many stories like that, hamas, this, people who know me know that i am left of center, pro-palestinian. this is nothing to do with the palestinians.

hamas and gaza, if you read their charts from 1988, says in chapter 13 a peaceful resolution is not acceptable. they don't want peace with israel. they want to destroy israel from see the river, river to see. these people have to be wiped out. i feel bad for the innocent palestinians in gaza who will be paying the price. it is a terrible thing, you don't have searchable operations and there's a lot of pain and death of innocent people. i feel bad for it. we didn't start the war. they want the war. we have to bring the war to them. we are a financial show. i want to say something financial. they have 200 israeli brothers and sisters of mine held hostage. i have been working the phones, raised money in a fund.

we are now offering 1 million to any palestinian in gaza who saves the life of a jewish hostage. with your permission because there are some palestinians in gaza who might have phones working, the first palestinian -- they will get a million shekels, that's the least we can do. it is on these people, they don't represent islam. they don't represent islam or the palestinians. i am pro-palestinian rights. these guys have nothing to do with them. they are part of iran. hamas and iran need to be taken out yesterday, not tomorrow, yesterday. neil: in the gaza region into thousand 5-2007, four wars in

that time, it's a foregone conclusion, i would imagine, that hamas will have nothing to do with that from here on out. >> i pride myself that i'm willing to admit when i am wrong. i'm the left side of the political. when we were pulling out of gaza in 2,005, i said this is a great thing, this will make a great gesture. my right-wing friends say you are crazy. they are going to have a terrorist state, kidnap soldiers, civilians, launch missiles and i said no, wait and see and i was wrong. need to learn from our mistakes. hamas is out. it is over. we are going in and those people, was like an animal house, niedermayer said. all the leaders of hamas are dead. neil: i know you are not a market guy, nor should you be,

and a different environment 50 years ago, the attack on israel generated little sympathy in the arab community prompting the oil embargo on the rest that will affect the western powers, the united states among them. less likelihood of that happening now. there is not real condemnation of israel for trying to defend itself. it is nothing like some of what you ran into as a country half a century ago. what do you make of it? >> as far as comparing what happened saturday, 50 years ago, what happened saturday is much worse. the fiasco that happened will be held today, getting behind the prime minister and the government and the army, 6 months time, is it going to be a committee of inquiry, the prime minister out, minister of defense out, chief of staff out, the internal security services out. this is a major major military

and intelligence screwup the likes we have never seen before. and the lebanese war of 1982-83, 670 israeli soldiers died during that period. on the first day they killed 900 israelis, didn't have any sense of it. and we will get to that in 6 months. offer a million shekels for any palestinian, a million shekel for any palestinian who saves the life of a fellow israeli. neil: witnessed so much of this horror. the president of the united states. edward lawrence at the white

house. edward. >> we will hear from president biden on this. is expected to announce more assistance for israel. we expect the president to address what has been happening as well as a show of unity for israel. expect him to talk about the american to have been killed. 11 americans have been killed, other americans that might be in harm's way, and we haven't seen the president for the past 21/2 days, the white house says he has been getting updates. here's a spokesperson about that. >> he will talk about how we will solidly stand behind israel. a fresh tranche of security systems on the way to israel right now, talk about the importance of making sure we continue to find out as much as we can about american citizens in israel. the number will go north sadly.

>> mike pompeo says the president needs to address the root causes of this hamas attack. he believes the biden administration needs to stop appeasing iran. americans should demand a forceful speech from the president at the top of the hour. >> the president knows the american people how he permitted this to happen, why he couldn't detour the irani and regime from killing americans and how it is he intends to respond in a way that will continue to protect american lives in weeks and months ahead. >> the white house sensitive about calling an early lead yesterday, before noon just after the state department announced the first nine americans have been killed that day. the white house later in the day started to send outposts on x, formerly known as twitter, saying the president is doing a number of things, getting advised, speaking to a number of world leaders about what is going on and coming together

with a joint statement. very sensitive to the fact they did call the early lid and haven't seen a president since that happened. he came out saturday, made a statement, a couple tweets from secretary blinken and the embassy calling restraint for those tweets and those posts were removed. we haven't seen the president since. presumably they are coming together with a stronger message to try to give today. we have to see what the president says. former secretary of state says there needs to be a strong message. we will see how the president delivers this. neil: a chance to make a powerful first impression. whatever happens happens. the president speaks in 47 minutes. mark tepper is with us, the present and ceo, adam johnson, welcome to both of you.

we were talking about the resilience of the market, could get caught up in this. the fact of the matter, clearly is not thinking this was 50 years ago and that led to an oil embargo and it is fast out of control, bond yields collapsing as we speak. what do you think? is this a real reaction? >> at the risk of sounding callous, the crisis in israel is not a market story but a humanitarian story, failure of diplomacy story and lack of leadership from the white house story, it's not a market story. it is hard to believe. neil: why was 9/11 market story? >> because the scope of 9/11 was so much bigger. war on american soil. . woody the market's way of seeing and perceiving it in its limited speed.

>> the crisis is it keeps happening. it is not as if this is something new. 9/11 was new. i know it sounds callous to say that. . 20 you are right to bring it up. a lot of people are scratching their heads and wondering if oil prices start to rocket and this war spreads, all bets are off and probably all bets indeed are off but the us is enjoying, when the world is afraid they park their money in the bond and list the dollar and there's a sense that israel and the civilized world get a handle on this. any of those prognostications turning wrong, all bets are off. >> one of the biggest disconnects consumers have is investors have a short-term memory. 0% fed funds rate, 3% to 4% mortgages and they believe 7%

or 8% mortgage they took out this year is going to be refinanced 3% to 4% in the near future. and rates in the future. and that was never normal, investors believe that was normal because that is what we experienced the last 15 years but that was an anomaly that happened 13, 14 years. neil: not like 50 years ago, that was a different environment, and after the attack by syria and egypt, israel was surprised but the entire arab world hung together on this and wanted to stick it to the united states for

helping israel and they did and the embargo came on and that's a different thing, they have commerce, success, and getting them to be in sync with hamas, that could be another think coming. >> thing about the unthinkable. and that is recently the saudis were opening relationships with israelis. and that might be on hold, that is one of the diplomatic, i would argue, success stories in the middle east over the last 18 months. that could never have happened five years ago. the saudi's and iranians are mortally opposed. shiite versus sunni and the desire to control oil money in that part of the world, the saudis don't want to give it up. the irradiance want back in. neil: if they did get the

uranian this involved they can start blocking passage on their waters and we know where that goes. this could be a much larger scale but what keeps you up at night thinking about this and its ramifications? >> we've been talking higher for longer inflation rates for quite some time. this exacerbates the problem that already existed. what's keeping me up from a humanitarian position, what's going on in the middle east is a problem. the thing that's keeping me up, i heard a lot of people talking higher for longer interest rates but not enough people talking slower for longer economic growth and when you are in a position. neil: which wins out? the inflation fear or slow fear? >> it is off people's radar. once your net interest costs

for tax revenue, they force us to ready and we've seen that from foreign buyers requiring higher yields in order to purchase bonds. 50% of government debt needs to be refinanced over the next 3 years. 8 years ago a 10 year treasury, 2. 3%, it is at 4.6, 4.7. two years when those have to be refinanced, debt servicing costs continue to go up, money is scarce, the more dollars you have flowing toward servicing debt the less dollars for progrowth initiatives. i don't hear people talking about that, that keeps me up. neil: we are hated in times of anxiety and this is nothing like 50 years ago and there's

the issue, containing the federal reserve, might be predisposed, that is tabled for the time being. do you agree with that? >> seems like it. not simply because of the geopolitical issues around the world but we have broken the back of inflation, consumer prices were over 9%. the back but to echo what mark just said i think the market has moved past worrying about inflation, we are focused on debt and that is is a problem. the irresponsible spending out of this administration and plenty of republicans have gone along with that which was matt gaetz's point. we've got to stop this. that's the issue for bond market and the stock market, out-of-control spending. neil: each of their points, far more important matters to look

at but we thought we would show you this anomaly of stocks doing well in the face of a situation in the middle east that is not going very well. put it in context and preferably history does not have to repeat itself. you are watching fox business. at ameriprise financial, our advice is personalized, based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice? i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial.

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neil: day 4, this war rages on with indications it will spread far and wide and fast if it isn't already. the latest from israel from mike tobin. >> reporter: with nightfall and, new rocket launchers have come out of the gaza strip to the middle of the country in tel aviv. we heard the red alert warnings

of an incoming rocket salvo going off three times a day. i heard five explosions and at sundown we heard new explosions. we heard horrific stories from some of these to the edges of the gaza strip. to the northeast edge of the gaza strip where the are 24 news crew went with risky recovery groups and they found these people had retreated to the safe rooms many israelis built into their houses with big metal doors intended to protect them from bombs and they found they were in those safe rooms and this is hard to say so i will cough it out. a soldier told me, i 24 news reporter, infants had been decapitated in these massacres. that's consistent with what we see, civilians being the liberally targeted. also terrifying our family members and loved ones of 150

people, taken hostage, 9 of them are american. families know and loved ones know that their family members are missing. >> lines are very clear that hamas has shown its true colors and this comes from someone on the israeli left, a peacenik, hamas showing its colors, therefore stress average and inhuman behavior. >> on the call with her as the terrorists barged into her home and heard a bit of screaming and that's our last contact. >> new airstrikes into the gaza strip, unlike anything we have

seen in terms of volume and devastation. one of the most densely populated places in the world. the palestinian health ministry, 830 palestinians, israelis raise the number from 900 israelis targeted and killed the death toll is upwards of 1000. they have a ground campaign into the gaza strip, the israeli security cabinet is scheduled to meet in 5 minutes and we will see if decisions come out of the security cabinet meeting beginning this ground campaign promising to dismantle the military capability or attack capability of hamas. the sirens of sound on the northern border, the border with lebanon late this afternoon and that is an

ominous threat meaning those were attacks from the irani and back has bola militant group and threatens to open another war, another friend in this devastating war. stuart: and all the major airlines, it complicates that. and how are things now? >> i'm very emotional because i found out moments ago my flight was canceled so i originally was on a delta flight home on the 17th of october. we were able to rebook it at couple days ago after the war started. i was confident, american

flights shut down but virgin atlantic would still go on. an hour ago, that plane has been canceled and we cannot get out of here. no way to put it. it is devastating but so many of us want to get home. to get to the point, our leaders back in america, maybe they are supportive and feel bad, get us home. do something. neil: is there talk of providing aircraft to get people out of there as you said? the latest, delta saying it's going to stop all flights through the end of this month, others might be following out of abundance of caution. has anyone mentioned other options for you?

>> the military supports, the military, yes, all the airlines, it is not and people are putting thousands and thousands and thousands of dollars on charter flights. i was on a waitlist or on the list for charter flight into cyprus and from there on our own, the flight under the circumstances, it is no longer taking off. this is when our military needs to step in. if we can't rely on the airlines what our elected officials for? allies of israel, it's wonderful country and they need our help and americans and tourists, people from around the world who are in israel now, need their help. we need to get out. this is frightening. neil: let's hope the president has a plan for that when he addresses the nation in 30 minutes. were you visiting israel at the time? were people with you?

>> my husband is israeli. we come every year, beautiful time of year in israel, we are celebrating, it is joyous, it is celebratory, we love coming out this time of year so this was part of our planned trip. we were here for 21/2 weeks. pretty long trip this time. we woke up to the sirens blaring saturday morning, everything changed. i'm taking it minute by minute and this is the first year we brought my baby girl, she was going to experience this beautiful place for the first time and now i am feeding her her final bottle before bed for your interview and i'm hysterical because i don't know what tomorrow is going to be.

neil: it has got to be overwhelming but we will get some answers soon. be safe. you're the girl as well, your husband. in the middle of that, the israeli defense forces spokesperson, good to have you, i am sure you hear many stories like that, israeli residents themselves or those visiting who are eager to get out of harm's way. what do you tell them? >> we are in a massive moment, hundreds of terrorists streaming across the border, killing women and children and elderly, you see those horrific stories, continuing with thousands of rocket fire in population centers, we are acting decisively against that.

the highest priority is to stop the attacks on the civilian population and make sure hamas cannot renew those attacks from land, sea, or air. neil: you probably heard the warning from hamas to say that if you harm them or attack palestinian positions they will kill hostages. what do you think? >> hamas's war is a war and civilians, started with a massacre of civilians, hundreds of israelis killed, they've taken civilians and soldiers hostage and at the same time coming to israel, put their kids in gaza in front of military targets, in their military operations in order to evade attacks. it's nothing surprising. it is what we have been fighting against for years and we will make sure it doesn't happen again.

neil: i know you are focused on the war as you should be, but does it trouble you that this has not been exactly condemned it from the arab world. hamas hasn't been condemned. maybe it's a way of laying low and not trying to aggravate tensions but does this concern you? >> we enjoyed incredible support from our allies around the world particularly the us, the us military said their words of support and backing it up with dates, so that helps us. the us is providing us with military assistance. thankfully and rightly so, we have enjoyed incredible support from around the world. neil: be safe your self, quite a burden, the israeli defense force spokesperson. in the meantime, want to update

you on other news going on, this is the backdrop and may be the backdrop of this war in israel could change not only because kevin mccarthy could be back in that race but the other two could be fighting with it and very close. it has changed mightily in light of this attack, we will explore and explain after this. this is spring semester at over 13,000 us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack

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adam: different environment this week than last week when going through the process of seeing if kevin mccarthy would keep his job. might not be 6% caucus support, he did not keep that job.

the math could be changing. he could be reentering the race so let's get a review of the dynamics with chad pogrom as the republicans sort this out. >> reporter: majority leader steve scalise and jim jordan make their case in a closed meeting, jordan appears to have support in public but not enough to automatically win on the floor. >> jim jordan and steve scalise if he further him got the majority vote that is why would support on the floor. two great men, two great leaders and a great job for us. >> reporter: gaetz push to dethrone kevin mccarthy, members can vote for anyone in the secret ballot tomorrow or on the floor. that includes 9 candidates

marjorie taylor greene supported donald trump for the job. >> it is difficult, don't know how to answer that question. this is unprecedented, certainly something new but i was glad to sit and listen to everyone's thoughts and opinions, ideas and how to go for it. >> reporter: hard to see how members coalesce around a single candidate who has votes to win on the floor, even if they want the house to be operational amid the middle east crisis. >> a lot of opinions, all over the map. in terms of the way forward. somewhere hard feelings about what happened on tuesday, wanting to go back and revisit that. >> reporter: the house wants to vote on a resolution to support israel and condemn hamas, there could be more aid but that

cannot happen until the house elects a speaker. otherwise the house remains paralyzed. neil: with this as a backdrop and what's going on with robert f kennedy junior announcing he's running against a third-party candidate things have changed in the last week. tony lines is cochair of sky horse publishing. the change going on, the middle east and israel at war, brought seriousness to this battle and would seem like a crazy battle for speaker and i am wondering who that benefits in this race for speaker. >> i think that bobby kennedy represents somebody who wants to deal with the issues. the right and left are bickering, not able to do anything to benefit the people of this country. bobby kennedy's down the center

taking equally from the right and left. they are tired of being lied to, all these controversies and some want to focus on the issues that are important to them. that is bobby kennedy. lauren: 20 does it bother you, the degree to which republicans came out with 25 reasons not to support this guy, democrats have not been home much better, virtually ignoring him which prompted this shift to a third-party. what do you think of that? >> you see on the right and left that the dnc and the rnc are corrupt organizations that want to disenfranchise the public, make decisions for them. they are coming out so hard to discredit bobby kennedy, shows how dangerous he is but he's not a danger to anybody in this country, only a danger to corrupt politicians, corrupt

institutions, corrupt corporations. it's a great sign they are so afraid of him that they can't engage them on the issues, they have to vilify him. neil: he has been vilified by his own family not keen on his departure from the democratic fold, which is family iconic we represented. even when he had difficulty talking about things like that but when you think about israel. i can't help but think his father was assassinated by a jordanian palestinian who had out for bobby kennedy because bobby kennedy represented peaceful overtures to get all sides back at peace. doesn't have trouble doing that? that's very painful but that is one thing that's missing in his

presidential quest. >> i think bobby kennedy is a problem solver. he spent 40 years fighting the biggest corporations in the world and winning, and fighting government institutions, agencies of government not doing their job. he's going to the white house as a problem solver, a calm, collected problem solver. neil: no disrespect that he doesn't speak the issues very well, but being slighted, raise these issues, the assassination of his father, assassination of his uncle, had doubts about both of those assassinations. he doesn't jump into that or wait into that as a presidential candidate. it clearly by design. >> i don't think he wants to

get into partisan politics or minor-league controversies. he sees we are at a turning point that he wants to represent the people of this country, not a bunch of multinational corporations and not get preoccupied with the attacks on him. he stayed true to his course to deal with the issues that matter. neil: does he take more votes from president biden or donald trump? >> that, part of the problem is both parties are claiming he is of spoiler. from the polling i have looked at, and from what i know from watching bobby kennedy for the past 12 years, he's such a sincere, such an excellent candidate and trustworthy candidate, he will take equal votes from both sides.

of he is a spoiler to anybody it's both parties, the dnc and rnc and he has a pathway to be president and that's what they should focus on, they should engage him on this issue that is important to the people of this country and not try to just attack him or say he's a spoiler and the only issue is who you like least. if you look at 2020, you see we had record turnout with no passion for the candidates. it was record turnout of people voting for trump because they hated biden or voting for biden because they hated trump. neil: a remarkable individual whatever you think of his politics or views and remarkable life story. we will see how that pans out. before we leave, a quick update on what's coming up on "the big money show," jackie deangelis here to do the honors. jackie: the president will address the nation at the top of the are.

americans wanting to hear from him on the role in israel and america's role in offering support and efforts made to rescue hostages abroad. we ask the former sports person morgan ortagus and more coast-to-coast after this. (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪

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>> she was talking to me. she said mommy, help us, we don't know what to do. >> israel didn't start this war. israel will finish it. once the jewish people were stateless. once the jewish people were defenseless. loan no longer. >> i'm deeply distressed by today's announcement that israel initiated complete seizure of the gaza strip.

[singing] neil: it is captured the world's attention. we started studying this, corporate ceos have been silent on this, leaping at the opportunity to discuss woke matters, not this matter. charlie gasparino has searched. charles: i have family in tel aviv. it is beyond belief. for corporate america to virtue signal on everything, i remember in 2020 during the immigration crisis, taking a radical stance on america. neil: the condemnation of violence. charles: david solomon said he

was grieving for george floyd and people who died at the hands of racist cops. he doesn't know george floyd but you would think david solomon if he is grieving than should be grieving for the people of israel. is the ceo of goldman sachs, not a word. brian moynahan, the stuff he said in 2020, how horrible this country is, not a word on this. wise that? neil: not by accident. charles: jamie diamond --dimon said something in the context, the employees are safe. i can only think this is related to the awakening of corporate america. the only explanation. i'm writing a book about this called go woke go broke, hopefully come out early next year. only thing i can say is these

folks are so scared of violating something that might get aoc to hold hearings on demand radical leftists in congress supporting this mutilation. some of that. i don't know. it is striking they are not saying anything. hard to get my hands around this. according to the left, something that is a totalitarian government. neil: they are the ones getting lectured about your response, this happens after every calamity. charles: they may be worried, people who have gone down on politics and got slapped down. neil: they don't comment on anything. charles: they comment on a lot

of stuff. neil: so this is an aberration. charles: this is corporate wokesm and it is a shame. it is disgusting if you ask me. from people i admire. neil: it's noticeable by not being there. charlie gasparino following that. the dow up 215 points, interest rates tumbling down. they are economizing what's going on half a world away.

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(♪) adam: neil: those who are stuck in israel want to get out, particularly americans who can't get out because commercial traffic has been stopped. right through the end of the month a lot of hardship cases on top of that. we are on a big rally despite all of that because of that. despite the quality to invest in anything us in a scary world. all of that, my colleagues in "the big money show" get to it right now. jackie: hello. i am jackie deangelis. lydia: i am lydia hu. brian: i am brian brenberg