tv Varney Company FOX Business October 11, 2023 10:00am-11:00am EDT
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this is a look at gaza city where israeli forces launch counter strikes. smoke is rising from the strip which is in the dark. the only power plant has run out of fuel. israel is fighting a two front war as has bella terrorists launch missiles from lebanon. 1200 have been murdered in israel, that includes at least 14 americans. that's what is going on there. let's look at wall street. a slight upside move, 16, nasdaq up 50 points, the 10 year treasury yield falling earlier in the day, the 10 year treasury is on the downside, falling 4.60%. that is the guild. the price of oil, $85 a barrel, bitcoin around $27,000. that's where it is now. now this. right after 9/11, america and
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much of the world was united. terror was morally repugnant and must be defeated. saturday, october 7th, israel suffered its own 9/11. now, as the full scale of the horror is revealed, israel is united, the rest of the world should be too. we are not going to show you all the terrible pictures but we will tell you what happened as israeli soldiers liberated the towns and villages that hamas attacked. seven people shot in the street waiting for a bus. 100 people including some children shot and killed at a could books. wanton killing of ordinary people doing ordinary things on a saturday morning. burned bodies, women raped and killed, beheaded babies. this is the depths of depravity. israel cannot and will not let this stand, they will destroy hamas. america cannot let this stand. we know about this terror, cut
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off the support. the rest of the world should not let this down. some regimes will. if you can't condemn beheading babies you are as morally depraved as the terrorists. democrats and republicans must not let this stand either. this shameless squabbling, will object to help to israel, democrats will have to deal with it. something just changed. these atrocities woke up the civilized world. it will be a struggle, long and bitter but necessary. lose peak with us this morning. what should we be doing to help israel? >> mitch mcconnell went after this issue successfully in an op-ed. we have to cut off the head of the snake. wears this money coming from? the rockets etc. ? obviously iran. right now our own government is calling out iran as being a sponsor of these terrorist groups. let's ask the media to start talking about terrorists. now they are still calling the militants or soldiers.
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they are not soldiers. they are terrorists killing people wantonly, only out of hate. there's no purpose here, there is no cause. a lot of young people standing up for the palestinian cause, there is no cause. in israel which they call an apartheid state, arab and palestinians have a right to vote. it is 1/5 the population. they have independent political parties which lately were part of a coalition government. it is the hamas-controlled gaza strip which is in such trouble. that is a democracy, they voted in hamas. of the palestinian people don't like what is happening in the west bank and gaza, they need to blame their own local leaders because that is who is responsible for the impoverished nature of their country. stuart: two chapters of the black lives matter group
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celebrated the terrorist attacks in israel, they call these attacks an act of self-defense, their words. how can anybody see these atrocities and defend them? >> nobody should be doing that but it is worse in my mind, black lives matter, to make common cause with the palestinian people saying we too are oprah's, we too are savagely smarter, that's in their language in response to this horrifying attack in gaza by hamas. we are being surveilled, guess what can you if people in gaza were really being surveilled, this wouldn't have happened to. that's a question that has to be answered, how did it happen? this black lives matter group which is come out in the past in support of such terrorist acts, i hope this awakens americans to the depravity, to use your word, of the leadership of this group. stuart: derive with we americans have the resolve to see this through if it becomes
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a long and brutal struggle taking gaza? >> israel is giving warning of bombing raids coming because they don't want to kill huge numbers of civilians, they will be attacked for doing that but they are going to hunt down hopefully the hamas terrorists that led this attack and we should stand with them in every possible way to make that happen. stuart: thanks for being here, appreciate it. members of the squad have remained largely silent on those atrocities but alexandria ocasio cortez is speaking out. lauren: the democratic socialists of america of which she's a member, she says the bigotry and callousness expressed, were unacceptable and harmful.
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and they are capable of rejecting hamas's horrifying attacks against innocent civilians and the grave injustices and violence the palestinians face under occupation and then at age stuart: then she calls for cease-fire. have a cease-fire. go ahead. lauren: she is or was head of the university bar association, 24-year-old workman was essentially fired. she wrote a newsletter saying hamas's slaughter of israelis was necessary, necessary was the word she used. she had an offer from a law firm that rescinded that offer in no uncertain terms, said her thoughts, what she wrote conflict with of their values. stuart: she has been fired, she is gone.
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mayor adams, mayor of new york city sent a warning to new yorkers. lauren: he came out in support of israel and this terrorism, then he said beware, watch. >> don't underestimate lone wolves, people being radicalized online, in the community that is suspicious, say something, do something. lauren: myself included got complacent that terrorism was not something we spoke about or worried about so much anymore and gave a painful reminder that it is alive and well. being radicalized before our very eyes. stuart: back to the markets, i see some green, nasdaq up 48.
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i read your stuff. the us can hardly afford peace right now. you've got to explain that. >> great to be with you. the united states spending so much money, janet yellen gave the figure that we blue our budget by $2 trillion, 33 trillion a week ago, we spent $500 billion since then, on track to hit a trillion this month. not a great story here, deficit spending, defense spending, we can't even afford that with what we are bringing in in taxes right now. we've got a lot of challenges in front of us, the three things we can do today's do some budget cuts which are hard to do, no one like to take things away especially in political seasons. we have the opportunity to raise taxes, not a popular idea
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going into the election cycle, and the tax of least resistance, this is a critical issue for us, if we are fighting on multiple fronts here, ukraine, with china and taiwan, the next timeframe, we will have a hard time thwarting. and default in our budget and i'm going to go further than that and that's the equivalent defaulting on our budget. as we are looking to the future. >> the case you layout is where stock market does nothing except to go down. is that what you are looking for? >> we are on the verge of recession likely to be characterized as a rolling recession.
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the credit cycle has changed, it affects everything, everything is getting repriced, you can expect a significant downside to the market cycle. i'm hoping we don't hit a worst-case situation, i'm hoping this resilient organization and institution with people who step up to the plate as we did in centuries before, we find ourselves in a place today where deficit spending is out of control. we have to make the hard choices, and make some real cuts, there's a lot of distance taking place here. are we going to allow china to do that? >> the one year at 5. 38%. that looks good to me. thanks for joining us, see you again soon.
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lauren is looking at the movers, boeing is moving significantly, 3%. lauren: ubs initiates a price target of 275, demand for aircraft strong, separate the boeing is expediting delivery of 10002 israel. stuart: pulte homes. lauren: each stock is up one. 5%. despite high rates, earnings growth would be strong for both of these. stuart: stellantis. lauren: a joint venture with samsung, stock is up 4%. this is $3.2 billion plant but it complicates the labor strikes. battery jobs are crucial to their existence and are in the middle of labor talks. stuart: the fly in the ointment settled right there. americans are pleading with the
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administration to get them out of the war-torn country. gaza hero market guist got 84 americans out of bethlehem monday. israeli defense forces showing hamas targets in a massive counterattack. mike tobin is on the ground with the latest report. after this. ♪ hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. at humana, we believe your healthcare should evolve with you, and part of that evolution means choosing the right medicare plan
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mystery of defense and one other minister, benny gatz. a unity government they need at this time. benghazi hero market guist joins me. you helped get 84 americans out of bethlehem on monday. how did you do that? >> the right things were in place, we got contacted by a friend of mine who asked if there was anything we could to to help. i was able to call on some people with contact in israel and we were able to first locate -- facilitate through them to get to the jordanian border. stuart: you literally charted them out, got buses to take him to the border. that's what you did. >> it was a tour group, they were just, we were contacted
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to, they were in that phase of not being able to make a decision, reached out to state department, state department told them on saturday that there was no emergency, just a place that they would get back with when they have a plan and they weren't really, a good portion of them trusting in that so they reached out, we tried to help them with direction and people to facilitate that. stuart: the people you got out are different from the hostages taken by hamas in gaza and israel. you can't get those hostages out, can't rescue them. >> we can't as civilians that would be overstepping if we come across any intel we could pass up, we would share
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anything from contact we have on the ground. we need our government to step up and do what they are supposed to do. >> reporter: the us has put delta force and seal team 6 on standby to help locate american hostages. that is our government helping, right? >> it is and it is good to see that. it was a little slow to react in the initial phases. maybe they are sitting back trying to figure out what's going to happen but israel is a fluid space and everything changes daily. stuart: are they united in the effort to crush hamas? >> i believe so. hamas bit off more than they can chew but the wrath of
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israel, what they did on this heart attack. stuart: some people on this program who are in israel describing the way is release feel and they describe a sense of rage. is that what you are seeing, a sense of rage in israel? >> it similar to how america felt after we were attacked on 9/112001. it consolidated the country in 2001, what we are seeing in israel as well as consolidating any of the parties, everyone within his real understanding the type of attack this was on them. stuart: looks like the american military could be involved, seal team 6, neighboring countries might get in, the us may send a second aircraft carrier battle group towards israel. looks like it is possible
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american forces would be active in the region and firing shots in anger. is that likely? >> we have that american citizens in danger, captured or in situations they can't get out and that is what delta force and seal team 6 are designed for, to go in and help rescue them and i am sure they will provide whatever assets they can to the israeli defense force, shoulder to shoulder with them and do what they can to protect america and israelis. b1 excellent work, we appreciate that. israeli warplanes continue to hammer the gaza strip. mike tobin on the ground, the latest please. >> reporter: you see the gaza strip and you hear the israeli
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fighter jets moving as activity continues. fresh reports of additional gun battles on the israel side of the border, these are palestinians who made it over on the initial day of the terror attack and have been hiding out since then. they popped out in the northern end of the gaza strip going near the beach and the information from the israeli defense forces all three of these terrorists have been killed. israeli forces to the north of me and to the south of me waiting, getting ready for orders to begin the ground invasion which appears to be eminence. whether they got those orders we don't know but the armor has not rolled. israeli soldiers have been able to speak and one of things they say is they understand the complexity of this asymmetrical warfare they are caught up in.
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>> hamas knows, in places they are shooting rockets to defend itself and for casualties to go up, hamas wants to increase penalties for israelis and palestinians to be aware of that. >> reporter: the air campaign in the gaza strip is unprecedented and unrelenting. we saw the airstrikes increased with frequency concentrating in the area of gaza city. contact of mine in gaza city, had a chance to reach him today saying hamas fighters have gone into hiding most likely in warrens of tunnels and spend years under the gaza strip so the air campaign is not effective in terms of killing hamas fighters but what the air campaign is doing is destroying infrastructure, like the assassination of a city but the air campaign continues. there's a big development that a lot of these opponents and bitter opponents in the israeli
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government, benjamin netanyahu, working out their differences in this crisis. they formed what they are calling a unity government in this emergency essentially like the president's cabinet, small group of people who make key decisions and bring opposing governments together, it's not part of the unity government but they've left open a seat, better rivals with the unity government in the face of a crisis. stuart: when they have the unity government in place and they have, does that make it more likely there will be a ground invasion very soon? >> i think it does. one of the things we saw was a meeting of the israel security cabinet and his relapse version, we haven't seen anything come out of that but that does not mean they didn't
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give the go-ahead and they may have given the go-ahead with a specific time to start moving the order so there's every indication the ground invasion is imminent but we haven't seen the armor role yet. ashley: thank you very much, american airlines announced that it will extend the suspension of flights to israel. when is the earliest flight, what is the earliest point flights could resume? ashley: american is canceling all flights to and from tel aviv through december 4th, at least that's the latest deadline put in place, delta airlines is suspending all flights to and from israel through the remainder of this month, united airlines has continued, discontinued service indefinitely. there are still american citizens in israel, the us state department is asking airlines to consider reestablishing air routes. that hasn't happened yet. the agency has not prohibited travel to israel or the west
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bank adjusters travel should exercise increased caution, that the latest on the airlines. ashley: republicans will try to select their nominee for house speaker as is relook to washington for its full support, some republicans want matt gaetz to be held accountable for ousting kevin mccarthy. ben domenech on that shortly. president biden reaffirmed support saying the us stands with israel. freezing funds for iran or sending troops, peter doocy has the story from the white house next.
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♪ with my arms wrapped around... ♪ stuart: what is with nvidia, nice gains this morning over 1% higher. what the story? >> again of 213 this year. they say they are going up another 50% to $700. they had a week of meetings or with their cfo and their ceo and they said there is big demand the for nvidia product and they have a suite of new products as well, something for
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everybody, the 60 minutes interview, a i will outsmart humans in five years time, a i could write its own computer code to modify itself. scary thought. nvidia is at the center of this. stuart: is is up another $5. plug power, hydrogen fuel cells. >> 5. 4% forecasting revenue of $6 billion by 2027, just over a billion this year. stuart: if you show me eli lilly it is a new high. i think it is. moments ago. look at notice, up almost 4%, nice gains, these 2 are soft, because ozempic showed success in the trial, additional uses for the diabetes and weight loss drugs, eli lilly is attached to this because they made more.
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stuart: that story just rolls on and on. it never stops. president biden reaffirmed us support for israel. peter doocy at the white house, does that support include refreezing funds from iran or sending troops? >> we are told by people in the pentagon the us has some door kickers on standby in the region waiting for orders if they ever come and special operators and intel experts in the us have been deployed to help israeli officials plan whatever it is they are planning next. as for refreezing $6 billion for iran, a country understood to have supported and possibly bankrolled this operation it doesn't sound like that will happen yet. >> is that reason to refreeze the $6 billion they helped unlocked for them to get in exchange for the prisoners?
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>> we cannot yet had a dollar of that 6 billion spent and i will leave it at that. >> on capitol hill they argue $6 billion refrozen for iran was actually frozen, unfrozen, getting mixed up too late in the planning of this operation which took months or maybe a year to make a difference. >> reporter: if anybody believes assuming this has been planned out for months from hamas that somehow the notion of this money a dollar which is not been released as blinken indicated that that somehow was the driving force behind this attack as some have indicated, i don't think the facts bear that out. >> reporter: president biden is convening with the jewish faith
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leaders but going about business as planned, but last week he will give remarks about illuminating junk fees. stuart: i am sure you will be there for that. peter doocy at the white house, thanks very much. ben domenech with me now. aside from military support, what should the us be doing to help israel? >> a number of steps to be taken. military support involves not just boots on the ground but intelligence, resources, etc. . israel doesn't actually need a lot of that from us at the moment because they have the capacity to deal with this of themselves but also there are steps we should be taking to lower the ability of iran to support hamas or additional activities in the region. when it comes to the money question i want to respond to
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something senator warner said. they are trying to play a game saying not a dollar from this, not a dime from this 6 billion spent on this operation but the way uranian budgeting works, they can depend on $6 billion to spend their money on things now. the idea they have a backstop for the debt they have to incur, the expenditures of food and medicine on a regular basis allows them to spend the money in other ways. i promise $6 billion tomorrow, you can spend the money you have today on everything you like. stuart: what else can we do about iran, impose sanctions on oil exports? look at them now. >> we can also frankly part of the deal involve lifting
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sanctions on the iran central bank. people rush to the idea of inviting nuclear conflict. plenty of things that don't invite that apocalyptic scenario to push back iran in this effort in support of hamas in its deadliest day for the jewish people since the holocaust. stuart: the gop votes for new speaker, what do you do with matt gaetz and those seven of the republicans who ousted mccarthy in the first place? >> very good question and one of the things that some members will be asking for is a commitment on their part to address the matt gaetz problem, whether that is to make an example of him or go further to
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address the others as well. there are consequences and the clearest consequence i think is treat matt gaetz as what he behaved like which is an ally of democrats in congress. if you want to see him have his wings clipped, understand matt gaetz doesn't operate as a legislator, he act as a content machine. what does he do to create that content, he has committees, armed services, the judiciary where he's able to create content, gave these interviews back a couple years ago where he said a bunch of things people found to be racist, it's easy and straightforward to steer the committee of the house to commit to removing matt gaetz from this committee and say you would like to engage in this content creation go to the democratic side.
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stuart: that would get him. always good stuff. growing number of border agents getting assaulted by illegal migrants. understaffed agent struggling to keep up with the surge. bill melugin will have that story in a moment. you are looking live at gaza. more smoke filling the air. coverage continues of the war in israel. ♪ you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror.
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border since 2021. what makes a migrant a special interest? ashley: special interest aliens are people from countries identified by the us government as having conditions that promote or protect terrorism or pose a national security threat to the us. between october of 2,020 one and october of 2,023, the data shows border patrol agents have arrested thousands of special interest aliens including 6300 from afghanistan, 30 one hundred from egypt, 659 from iran, 538 from syria, the list goes on and on. it is unclear how many of those managed to get into the us even though jake sullivan says the threat from the southern border is being closely monitored. listen. >> we remain vigilant about
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terrorist threats to the homeland, anytime we see threats involving a terrorist threat to the homeland we mobilize every asset and recess the us government to go after that and that includes information and analysis we have shared with the congress. plots emanating from middle east and other places, work with congress in the weeks ahead to continue to get the resources we need to do that. ashley: this current fiscal year has broken the record for encounters with the fbi terror watch list with 151 people encountered at the southern border between ports of entry, higher number than the previous six years combined. it is a national security threat. ashley: agents are overwhelmed by the surge of migrants, many times their safety is at risk, bill melugin is reporting from brownsville, texas. are agents being insulted?
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>> reporter: good morning, they absolutely aren't putting themselves at risk every day working the front lines at the southern border because they are encountering so many people coming into the country. we shot video here in brownsville as these large groups of migrants continue crossing illegally, september, the month of september was the highest month on record with 260,000 encounters at the southern border. the numbers keep going up like a rocket ship. 260,000 people and border patrol in the rio grande valley showing their agents bloodied, assaulted, injured, 57 of their agents in the rio grande valley sector have been assaulted by illegal immigrants since fiscal
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year began last october. these images in the rio grande valley brownsville area south padre area, bricks of cocaine washed up on the beach at south padre island, they weighed 70,000 pounds and it is unknown what the toucan logo is on that. you can have cocaine washed up on the beach and lastly to arizona another drug bust, border patrol agents using their canine to find four abandoned duffel bags in the desert near a checkpoint near those duffel bags, they find one hundred 30 pounds of drugs including 63 pounds of fentanyl, and math. back here at the dallas port of entry, has gotten so much fentanyl over the last year,
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the port of entry, sees 45 million fentanyl pills, one of several ports of entry across the country. stuart: we will take it, stunning numbers. thanks very much. is relapse military gearing up for massive incursion in gaza, we bring you the latest on that next. ♪ before planning the big trip you were limping thanks to a bad knee. then, you heard about mako robotic-assisted knee replacement. it starts with a ct scan to pinpoint the problem. that becomes a personalized, 3d plan to guide your doctor during surgery.
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that's 1-800-217-3217. stuart: a very broadest rally but it is holding, dow up 65, nasdaq up 63 points, big tech, if the nasdaq is up 60 points, that is the case, alphabet is up $140 a share, up 2%. meta, 326. lauren: they need a new annual of 320. stuart: amazon one hundred 30. a percentage or two. apple is still there at 178. show me nvidia. they are up again. lauren: they are going up to $700, jump of 50%.
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ai is the place to be and nvidia has the chips. you step into a stock that rallied thinking it can go up another 50. stuart: you've got wall street analysts saying it goes to $700 because they have the ai market, you can believe you can purchase it at 466. i want to show you gas prices, the national average for a gallon of regular gas is 366, down $0.02 overnight and it approached $4 a gallon a couple weeks ago and it is in retreat. this is important, you get the consumer price index for the month of september. if a favorable reading the market will do well. the unfavorable reading it won't do well. lauren: oil is feedstock for so many products, the price of oil is on hold because we have to see what is relapse response
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looks like. doesn't extend to iran? stuart: well said. let's go from markets to politics. democrats divided on how to respond to the how mass atrocities. i would think condemning terrorist attacks and their brutality, there salvor g would be pretty cut and dried. wouldn't you? >> we've seen a lot of these democrat members come out to condemn the violence but the question is how far the statement are going and we heard from the white house on this specific issue with members of the far left of the democratic party, squad if you will, that basically said they want to see a piece for all sides, they believe it is not necessarily a 1-sided equation. the white house will be facing questions not just yesterday but today, who is right? who does the president believe is the standardbearer and the white house making clear they stand with israel.
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what does this mean for democrats going forward? they have to go on the record can you square with this statement by cori bush and what she may have said in the past and present and future, so it becomes an issue of a side story for the white house and democratic congressional leadership, do we denounce these comments? do we go far enough believing these are wrong or if it becomes an issue going forward politically, we've seen is demonstrations that have taken place around the country, on the pro-israeli demonstrations but some counter protesters as well. it is a different congressional district, the lawmakers way in. for the senate debate, whether or not how far we go in terms of which side do democrats want
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to support, others saying it has to be looked at in a larger percentage. stuart: a split party. mark meredith, thanks for being here, good stuff indeed. an anonymous donor bought 250 plane tickets to israel. tell me more about that. a good story. ashley: unorthodox jewish man went to the ll counter at new york jfk airport, looked it up, tickets cost $900, working out to 225,000. another person went to jfk and paid for reservist military, and israel caught up 400,000 military reservists including those who retired but those under the age of 40 say some israeli americans living in the us have received draft orders and been instructed to return to israel. that's an interesting story.
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- [narrator] what will you do when the power goes out? power outages can be unpredictable and inconvenient, but with a generac home standby generator, your life goes on uninterrupted because you'll have power when you need it the most. - with the generac it powers our well, the refrigerator, and my cpap machine, which are all things that we need to survive on a day-to-day basis - [narrator] get the security and peace of mind your family deserves with a home standby generator from generac. eight out of 10 home generators are generac with thousands of satisfied customers. - it's the peace of mind to get the generac generator. that was the best investment that we could have ever made.
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