some people monetizing their ability to complain on social media. that will make these next few years very interesting. charles: glad we have you to set the record straight. someone said you are fearless and i agree. thank you very much. see you soon. i wish we had more time. we need to squeeze out a few seconds to give my wife a shout out. 11 years with a new heart and a young lady smart enough, kind enough, generous enough to put herself on a donation list. god bless you, absolutely wonderful, a medical miracle. liz claman, this last hour of trading will be another one. liz: we are short on miracles. trey yingst reports limited operational raids into gaza.

it is dark but we know this. a photographer in lebanon, this final hour of trade could see a ramp up involuntarily, it is expected to be a full-blown israeli ground offensive into gaza. we have read on the screen except the dow is going back-and-forth. the dow is up 30 points, the nasdaq losing 155, the russell 2000 down 14 points. it is now 10:00 pm. we need you to look at the vicks, the expectation of volatility, fear, anxiety based on the s&p 500 index options. 59 minutes left to trade, the vicks ramps up through the session, opened at 16 and right now we've got it at 19.6, again

of 17%, up 22%, a moving target but up up up. all this should come as no surprise. 22 hours ago, israeli defense forces began warning the northern part of gaza, where foreign-born hostages are being held to evacuate. when hamas launched a surprise massacre slaughtering and burning alive hundreds of israeli civilians and taking hostages the israeli military has been amassing troops and weaponry along the israel gaza border with the promise to attack and destroy hamas. the military operation, we don't know when it will come. could be a matter of hours, a day, two days, you see the northern red part of the map is where this will happen. despite the best efforts by hamas to encourage their

civilians to stay and serve as human shields, we've got thousands of palestinians listening to multiple warnings to evacuate the region. here's the video our crews have taken. one resident saying what has hamas done to us? it brought us catastrophe. let us go a block away from our fox business studios. you are looking at a palestinian, pro-hamas rally beginning in times square, many saying hamas, an internationally recognized terrorist group were right to murder civilians including 22 americans in the unprovoked attack. america's top to put that is still in the region and stands behind the israeli people. >> there can be no more business as usual with hamas. no country can tolerate a terrorist group coming in to

slaughter its people in the most unconscionable ways and live like that. what is real -- what israel is doing is defending the lives of its people and trying to make sure this can't happen again. liz: we are looking at a flight to safety. you know this as you look at the treasury yields. the s&p is down 17 points. the 10 year yield is down 7 basis points, third day in a row, above five. it is at 5.4%. there's a more dramatic fall here. that's down 8.2 basis points. gold is looked at as a flight

to safety and at least today, we've seen a move in the yellow metal. you are looking at gold at the moment. let me check this, speaking $58 of troy ounce. it stands at $1941 but nowhere near where it was at the highs of year to date but has seen a spike this week. we can show other laggards at this point for the markets. what we have seen, markets were holding strong but weak to date, the major indices from the dow, nasdaq and russell will close in the positive. that is changing as we speak. it looks like for the week, nasdaq will be negative and the russell will be negative. the dow looks like it will be up 1% for the week.

since hamas launched its attack, the magnitude of social media content was stunning. of viral video, despite the fact you've seen somebody on the ground with blood, it's a behind-the-scenes clip from a palestinian short film to put together by a cinematographer. many are using this piece of data as fake death footage saying it is propaganda. this photo is being used to claim hamas fighters parachuted across the border for a surprise attack but the video is from last year when parachute jumpers descended into a crowded sports complex in cairo, egypt.

there is so much of this going on on the web and the european union union sending a letter to mark zuckerberg to address this misinformation. the platform says it is cracking down. hebrew and arabic experts to monitor content in real time. the social media parent of facebook and instagram reported since hamas opened fire on israel saturday, it had to remove or mark 795,000 posts for violating its policy. meta down 3%. greg palcott has more. there have been skirmishes. can you give us an indication what's going on at the moment? >> reporter: we are 20 miles up the coast from gaza. in the past 24 hours we have

been seeing and hearing multiple blasts, airstrikes by the israeli airstrikes inside gaza. 750 in the last 24 hours. we have been seeing hamas, coming over this town and with the iron dome defenses, israel has shot those rockets down to a large extent but we are getting these very important reports in the past three or four hours of that small units of the israeli military entered northern gaza. this is not a full-scale incursion. this is looking for hamas rocket positions and coming after that warning by israel

for palestinians to get out of the northern gaza area. hamas said this is impossible but people are waiting to decide. this, a full-scale blowup in the region is the nightmare scenario. 8 palestinians killed, deaths and skirmishes in the northern part of the country, that is the worry but the focus, the buildup is a full-scale invasion of gaza. look what we saw and heard today. >> the israeli military getting in place for action, two miles from the gaza strip, big trucks bringing in armored personnel carriers as artillery blasts, artillery fire doing more damage to gaza ahead of a possible land incursion.

hundreds of pieces of local equipment ready for the call. soldiers manning the dangerous gear and if needed facing off with the militants. >> think it is going to be strong? >> very strong. >> should be strong? >> it should be very strong. >> what do you think of the hamas militants? what do you think of hamas? >> very bad. >> his english might not have been perfect but his determination very much so. everyone is ready for the fight. austin was in the country offering the terry support. 1300 dead in his real including those americans, 27 of them and 1800 palestinians. the fear is those casually told

codes more. that's what we are watching for. liz: 15 french citizens confirmed murdered by the hamas attack saturday. france raised its security alert to the highest level. 30 countries represented by civilians who were killed in that first unprovoked multipronged attack. correct? >> exactly. you got to be careful when you make these comparisons. i've been around long enough to be comfortable with this. it is relapse -- it is israel's 9/11 because of the international element, talking about the americans, duffel and other countries, france, uk, etc. . this is a global issue. back to you.

liz: please be safe, we appreciate the information. we started by explaining the social media that is proliferating, x, tiktok, much of it is informed or wrong. frank mccord junior relinquished the suite at mccord global to focus on rebuilding the internet and social media with project liberty. former owner of the la dodgers joins us. you just heard greg live from israel and a lot of clips, both sides are pointing the finger saying that is propaganda, this is true, this is from two years ago. you have been focusing on cleaning up the internet. what's your reaction to the sioux nominee of misinformation and deep fakes that are all

over about this conflict? >> it is a total mess. this has been brought growing, the internet in its current design is not equipped to deal with how the internet is being used. it was created to connect machines, not people. it has grown without any sense of optimizing truth or fact or democracy your kids health. what we have is another mess the needs to be fixed and fixed quickly. i might add meta and twitter and so forth have been talking about cutting expenses, in areas of truth and safety and the people trying to maintain some sense of real information and those people are gone. the internet as it is being

used favors mess and disinformation. doesn't favor truth and factor. liz: a lot of companies were forced to shed a bunch of employees. elon musk had shed a huge number of the workforce known as x. he got rid of entire divisions that were supposed to police what was going on. if they cannot or show little inclination to get rid of this, how are you and project the buddy going to do it? >> project liberty is part of a better program. better where become a better world. to reinvent how the internet works. the internet works the way it because of a few core protocols we all agreed to adopt. the internet was built to connect machines, not people. we need to redesign the internet from the bottom up, which is very possible, so it's

built for people and connecting people, and it favors and optimizes truth, fact, real information. we need to get a grip quickly because we are seeing the world around us fall apart. we are seeing kids take their own lives, anxious, depressed and not in a good spot. i would argue this is all related. project liberty is not an anti-tech project. this helps solve the problems we have in the world right now but not this way. liz: have you talked to the leaders of these companies? are they willing to utilize what you put together? >> they are hoping we run out of energy but we won't. this is vitally important. what we are talking about doing

is bringing together a cohort of stakeholders, technologists but also social scientists and citizens, to take back our future, our digital rights. this is based on returning ownership and control of data to us, to individuals, so how that data is used in the future. it is aggregated by a few platform, just look around. it is not getting used for good things. there is good in the internet but the damage being done is not worth the good that is occurring right now. liz: we are coming back with bank earnings and more.

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liz: i am speechless about oil. it is spiking in the aftermarket. we get this market, a storming get week for the world. with 40 minutes left to trade, we are looking at a tug-of-war with major averages back-and-forth. the dow still in the green by 33 points. this is a mixed picture, the s&p losing 1%. the dow and s&p looked to be on pace to finish the week higher fractionally, 3 quarters of 1%. bond yields spiking after inflation worries. the 10 year yield blocking get below 4.

7%. it is 4. 63% as a voting member and philly fed president patrick harper said the central bank likely has done enough when it comes to interest rate hikes at least for now. banks have been beneficiaries of rising interest rates. citigroup kicking off a crucial earnings season reporting ahead of "the opening bell". jpmorgan posted a boffo quarter, net instream -- stocks spiked at the open but right now has moderated one. 6% but% but was leading the dow jones industrials. 148 in change as revenue from interest generated on a bank's loans versus customers deposits. the earnings release had a statement from jamie dimon who

warned this may be the most dangerous time the world has seen in decades. the ongoing war in ukraine as well as the attacks hamas launched on israel saying they have far reaching impact on global trade and geopolitical relationships. certainly today, the impact of what's going on in the middle east. double ti - wti crude after posting its biggest weekly gain in more than a month with israel ordering mass evacuations from northern gaza, crude oil stands at $0.52 in the after market, brent, the international benchmark, rose after the us tighten sanctions against russian crude exports. it is up 5% in the aftermarket. we have banks, energy. let's get to the floor show.

chris whalen and phil flynn. let me for a what do you first. 53/4 of 1% jump, wti brent. the first couple days this week, we saw oil pool back. it is moving higher. is the pending immersion they plan to pull off to save hostages? >> the changing perception of risk to global supply. oil prices spiked higher. than everybody says heavy oil, supplies not at risk. everyone trying to jump into the market, absolutely got crushed when prices fell. this is a new phase.

one of the things that was critical today was reaction by iran. they believe they will open up a new front, does that mean other countries are encouraged to get involved? is oil at risk? will there be terror cells across the world? the capacity to make up for a major oil disruption, that is why the market is going crazy. liz: let's see if they would reaffirm their commitment to stabilize the market. chris, jpmorgan, city, wells fargo, $22 billion in market, $81 billion in revenue, up 14%.

jamie dimon says this could be the worst time in the world in decades. >> the year over year comparisons were good. this is the third quarter when most banks have net interest income. jamie is an exception. liz: people are dumping into money markets. banks are paying a lot of interest. does that continue? >> interest cost is going faster than the assets. we will do less than $1 trillion in residential mortgages. we did find fine in 2020. liz: new york community bank is a pick. >> they did the transaction with solyndra the changed the bank and they are national franchise, second-largest lender after jpmorgan. liz: it's the start of the earnings season, new companies earning next week as well. thank you very much. by the way, black rock reported

this morning, ceo larry fink will be on "the claman countdown" monday. we will do a long segment with him. he has a lot to say on everything going on in the markets, the bond market, geopolitically as well. we are coming right back. dow is up 30. the nasdaq and russell are down. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones

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(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? ♪ >> you can hear the artillery raining down on gaza. >> massive fire. >> hamas fighters have all gone underground. >> very fluid antidumping situation. >> stay with fox business for continuing coverage.

liz: in philadelphia, president biden is delivering a speech in philly at this moment after earlier speaking to the families of the 14 american citizens still missing in israel, the president telling families, quote, the us government is doing everything possible to locate and bring home their loved ones. upon landing in philly the president took a tour of the marine terminal and how his agenda is creating jobs and investing in a clean energy future. he hopes to do that by building several regional hydrogen hubs. we will keep an eye on what the president says and let you know if there's any other news that might affect the markets. the dow is up 29, it dipped into the negative territory again but look at the nasdaq, and intraday picture, it has fallen below the session.

it lost 212 points and is heading back down, lower by 162 at the moment. let's talk about a stock that lists on the nasdaq and the s&p and it's on the dow jones industrials, microsoft is lower right now on closure of the $69 billion deal to purchase activision blizzard after getting approval from the united kingdom two years after launching the attempted takeover activision blizzard. the x box maker agreed to sell streaming rights. activision is done. doesn't create anymore. it faces opposition from the us, federal trade commission which failed to block the purchase in july. a judge turned down the respect to turn down the deal. is currently focusing on its appeal of that decision so they

are not giving up but the you can everybody else has said you guys can merge. dollar general bringing back todd vasso's to replace jeffrey 01 who was there for less than your. gordon haskett believe the change could stabilize the company and put it on a path for growth. investors feel the same. that stock powering higher by 8%. the company's annual revenue rose 80% and he added 7000 stores. united healthcare on the rise after beating third-quarter earnings estimates, costs came in lower than expected as a share of premiums, investors were spooked when the company warned that medicare advantage costs were running high is more patients have elective surgeries pushed off by the pandemic.

the cost trend should home investors nervous. they are piling in by 2.6%. uaw president shawn fain saying today the union will not expand its strike. the past couple fridays, the uaw has taken the day, the friday each week to add to its strike. the walkout of additional facilities without warning rather than waiting until friday to announce new plans. all three of the big three, general motors, ford motor, and stellantis are moving lower with gm down 2%. the union rejected the same offer forward presented two weeks ago which led to the strike at the kentucky truck plant. the strike has had the one month mark, 30,000 union members are on strike against the big three automakers. we will watch this but no end insight, at least for the moment.

stubbornly high inflation costing restaurants all over the place including jersey mike's, big bucks to make submarine sandwiches. the ceo is here to tell us what he is seeing on the shore at all his franchises across america. the closing bell 25 minutes away. we see the green on the screen for the dow. the other three are having a tough time punching into the green. we are lower on the s&p, 25 points, nasdaq losing one hundred 68, the russell down 14. stay with us, we are coming right back. ed for 39 years. about three or four years ago, i wasn't feeling as if i was as sharp as i used to be. i wanted to try something that was over-the-counter. i saw the prevagen commercials. after a short amount of time taking prevagen, i started noticing a difference-- that i'm remembering this, i'm remembering that. i stopped taking prevagen and i found myself slacking back so i jumped right back on it.

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consumer sentiment came in at 63, a drop from 68.1 and the lowest number since back in may. the university survey shows people expect inflation to rise 3.8%, higher than last month of 2.3%. how are restaurant chains dealing with the high cost of ingredients needed to serve their customers when food inflation was supposed to come down by now. the company is bearing down on 3000 stores by the end of this year. again, why are we not seeing food prices and ingredients come down when the federal reserve has risen interest rates by 500 business points? >> costs have risen dramatically. everyone at the grocery store

knows, labor is what is heading most companies more than anything. we always hope, they have 16, 17-year-old kids, getting harder to higher the youth with a higher minimum wage but the prices have stabilized, and are in check with the supply-chain out there so we are good. inflation through the years at an all-time high. the assembly line process, people go lest the restaurants but more to get the submarine sandwich, the value that is there. we always do well, good and bad times. liz: you are saying it's not the food and ingredient prices but the higher labor costs, minimum wage, there's a push for states to take it higher and a lot of companies to attract workers during a tough

time that doesn't seem to be improving. that's the issue. >> we can get all the food products. that was scarce for a a while. for a while. now it is all good. the labor is the biggest thing hitting all the restaurants. liz: let's talk same-store sales. they jumped 11% i believe. what the biggest factor in the jump? >> last three years, up 60% same-store sales, average volume of 50 in 2020, now 1,350,000. i think because of the giving that we do. our mission statement to make a difference in someone's life and the marketing we do with live sports pushed across the nation and opening a thousand stores the last three years hasn't hurt either.

we keep picking up magazines and reading we are in the top, number one, a lot of categories ranked number 3 in entrepreneur magazine. i chuckle a little bit. i guess we are doing well. i read it in the magazines. liz: what i find interesting, jersey mike's, you have the most stores not in jersey but california and i know charity, we talk about that on the show, you are doing a nonprofit push with best buddies which is helping with living opportunities for people with disabilities. >> we start on monday, october 16th and go nationwide with the cbs football game of the week, all the pro sports. and electorally challenged kids, trying to get them a job in every store, that would be 3000 jobs, raising awareness in

money which is a great organization. us ca foundation with chris everett, 4.5 million and brought in 1.3 for the maui food bank. the franchisees team stepping up and wanting to do this. it is so great. it doesn't stop. liz: i will have whole-wheat and jalapenos. we will come right back with the scandal surrounding adam aaron, stock falling 13%. charlie gasparino next. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection.

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release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. liz: we are getting this breaking news, according to a reuters report, activist hedge found star bird value bought shares of news corporation. according to people familiar with the matter, the move could presage new calls from investors for changes for the murdock media empire. no word on the fund's plans and the size of the stake in news corporation. you saw earlier, the stock had been down. it then popped up more than 1.5%. right now it's moderating a bit, up about half a percent and we'll continue watching it and of course news corporation is the sister company you could say, of fox media. >> holding company or sister?

liz: news corporation has the plint. wall street journal and barrons and et cetera, et cetera. take a look at shares of movie theater chain amc. they are plummeting right now by 12.8% at this hour. you know, at this hour, despite a successful preview of taylor swift's can setter movie of -- concert movie of era's tour that kicked off with $2 at any time 6 million at the -- $2 at any2.n at the box office. bring in charlie gasparino. >> much of it stems -- why it's not totally this from a report and liz hoffmann did an amazing investigative story about this popping not too lopping ago about how some ceo was catfished meaning that ceo was essentiallo extort money out of him and the person on the other end said the ceo gave the person on the other

end naked pictures of themselves and therefore the person on the other end wanted money. she was going to expose him. he didn't give money -- if he didn't give money. went into the records and found out it was adam aaron and came out it's a pretty tortuous story and texting him and him texting back and all sorts of stuff about relationships and him saying stuff about a sexual affair or whatever happened. liz: which is not something that would make news. >> no, but what's bad is something that amc shareholders if it wasn't a cult that was controlling the stock known as apes and the board should worry about he showed a degree of recklessness. this is my opinion, and i've had this conversation with him devoid of this. he's not called me back on this issue. i've had this conversation with him in the past. he showed over the last two years, my view, while this meme stock craze went up and

inflated, a degree of -- and deflated, a degree of recklessness. my view. i think he essentially padded the apes on the back too much. he could say stuff like choke on that when they had one good premier after it up gone as if the balance -- top gun as if the balance sheets woes -- they were burning cash and choke on that and would get people to buy the stock. he called a dilution plan good die lugs. goody pollution. this was all over the last -- good dilution. he said, charlie, i put in my documents that the stock is overvalued based on traditional metrics. you can't blame me for leading peastray. they read your twitter feed and what you're saying -- a stray

and saying one pounce and good dilution and choke on that and a lot more. i told liz hoffmann, i thought she was missing connective tissue in the story. on top of it all, he pulled out $43 million while the stock was being pumped. liz: which he telegraphed. he did say he was going to do that. >> i don't care. he did that. in less than a year, that's more money than ceos of profitable companies make in less than a year. all this together and i was not totally surprised by that. now, again, i feel bad for his family. i mean, he's obviously embarrassed by this whole thing. again, the details are bad but if you get that close to the sun like he did for so long like egging on series theorists and there was a wicked conspiracy theorist in the stock and don't

have enough time to go through t i can see how you'd fall into this, how you step into this. liz: you wrote it up on foxbusiness.com. >> yeah, i have a whole write up. i like the guy and that's my opinion. feel free to disagree with maine i have a lot disagreeing with me. liz: i'm shocked, charlie gasparino. did you know what a shock this is, friday the 13th, typically considered an unlucky day seems to be the case for the nasdaq. composite is the only index to close lower and dow and s&p, a bit of lucky streak here. the green right now rounding out to the close. joining us with $19 billion in assets under management, guide stone chief investment manager david speeka. david, you've got lucky stock picks for outrebounded viewers at the end of a very tense week. >> absolutely. happy to bring good news to the audience. we like verdif holdings and it's

a backbone for data center and growth and data demand with ai, and their earnings are expected to triple over the next year. obviously that growth rate isn't sustainable but they're in the steep pot for ai and more. we also like microsoft. microsoft is a name i know it's not trading well today but microsoft is a name with a huge mote. azure and cloud service and that's great. we like pepsi koenen and defensive name and strong second quarter earnings and raised guidance and made strategic adjustments and given the volatility in the market. liz: i'm interesting that you bring up pepsi. some of these food companies that have dare i say junk food because god knows i love a lot

of what they make. you've g novonortis weegovy and ozempic. are you concerned at all about that? >> yeah, that report from wal-mart that they're seeing smaller purchases from consumers but longer term, we're not concerned about it again. there's going to be demand for sodas and salty snacks and we don't see that as material head wind for a company as well round as pepsi koenen. larry: the microsoft picture and get the win for activism blizzard from the united kingdom and their regulators. what do you think they do with it now? is it all going to have been worth it? is that a driver of how you really feel about microsoft looking ahead or is it more of the ai picture? they've got biggest chunk of openai. >> great question, liz, it's not activision, it's the ai picture and existing product and windows

and office mote they have there. microsoft is a well established company with well established products and services and that's why we own today and they've got a nice growth trajectory from here. liz: worried about the fed deciding because of the cpi number that came in this week, once again consumer inflation is still pretty firm here. that the more important question i think really is how many more interest rate hikes do you see or do you see a cut and when next year? >> one more rate hike >> we'd expect one more hike and no cuts at least till the second half of last year and that'll be the results of the recession and some economic downturn before the fed is able to cut rates.

liz: less than 30 seconds and concern that the ground offensive may be launched from israel into gaza as israel looks to rescue the 150 or so hostages that hamas has under tunnels and how may that affect the markets? we know oil is spiking 5.7% in the after market. >> geopolitics is a concern for the markets and they hate uncertainty in the middle east and impact on all price that we're seeing and this is something to watch and it's another arrow in the quiver for the bears right now. there's a loft things to be bearish about and concerned about. liz: david, very, very good to have you. thank you very much. david spiko of guidestone. the dow looking to eke out 35 points and the others in a the red. monday, blackrock's larry fink. see you then. kudlow is next. larry: hello, folks, welcome t