stuart: good morning, everyone

it is 10:00 o'clock eastern, straight to the money. i see green. i went to 40, nasdaq up 100-point, a modest rally. ten year treasury moving up again you are at $4.71, i'm surprised that's not taking a bite out of the nasdaq, the price of oil moving down but there is a threat of a wider war and that could be the financial canary in the coal mine so to speak. of oil goes up i suspect the stock goes down. as for bitcoin there is a rally 28000 small change, that is that modestly that is the market on a monday morning. this is a pivotal moment for the biden presidency. if it ran unleashes hezbollah to attack israel were a will our president unleash our military. he warned against any attacks and simply don't he moved to carrier strike groups to the immediate area our power is in place ready to be used.

the iranians make threats in the foreign minister says i want to warn the war criminals and those that support it before it's too late to stop the crimes against civilians in gaza any step of resistance will cause a huge earthquake in the entity. he says iranian hands are already on the trigger that is a clear threat. in the last 24 hours trey yingst reports rocket and antitank missiles have been fired at israel from lebanon one israeli soldier killed in other words biden lays down a redline and the iranians are very close to crossing if they haven't already. biden's credibility is at stake it's worth remembering that president obama told syria's leader quick-acting your own citizens. that was obama's redline, the syrians crossed and obama did nothing he did not want to upset the iran nuclear deal, he lost credibility. is biden being tested by iran, fail the test by failing to make a redline stick and war will

consume this president. the second hour of "varney" just getting started. ♪. stuart: lisa boothe with us this monday morning. biden has drawn a redline, now he must maintain it right? >> unfortunately i worry that it might be too late for redlines. obviously our enemies sends weakness and we create hard times and we are in hard times because of a weak man named joe biden. i think we need to pray for israel as a wage this war against the evil terrorist who carried out the biggest slaughter of the jews since the holocaust. stuart: do you think we are sliding towards a wider war in the mideast. >> it is certainly concerning, we all have that concern and not

just regionally i think we have concerns around the world as well when you look at countries like iran, russia and china grove closer and there's a war in europe and the middle east and you have a lot of our enemies flexing their muscles a little bit more like north korea. we are inspired times as a country and it's time for a lot of prayer. stuart: do support american military involvement firing guns and anger, do support that. >> we need to stand in solidarity with israel not just with an attack against israelis, the mosque terrorists told americans we have americans that are being held hostage right now by these terrorists. i think right now we need to stand behind israel and support of the word that they have waged against the terrorists to strike them. stuart: all move on, changes

subject, for discovery desantis says the u.s. should not accept refugees from gaza, what do you say that. >> i think that is common sense we worry about 160 terrorists on the watchlist on the southern border in 2023, who knows what we allowed into this country you can look at what's happening on the streets of america the anti-semitism people holding up swastikas cheering on the slaughter of jews in israel celebrating these terrorist, i think we are to hold the problems that exist in the united states and you can look at what's going on in gaza and have questions about the multigenerational hate that's been passed down through families and eyebrow concerns of a terrorist organization like thomas that will be very difficult to vent anyone coming from there. you could look at things in fact like the gazan selected thomas in 2006 and pulling after the 2021 conflicts where majority of palestinians supported hamas

after those attacks, you can look at research and you can look at reporting done about the un funded summer camps where they teach children to hate jews to want to conquer israel. we can study things like the 21522016 where you had a lot of youths carrying out knife attacks. israel concerned about who were leading into the united states. the effort in the public pressure is better suited being applied on countries like egypt to lighted their neighbors, not here in the united states where we have problems that were dealing with. stuart: lisa boothe, thank you for being with us on a monday morning. >> i want to praise my governor for bringing in almost 300 americans from israel. he is doing the lords work and pick it up where our federal government is failing us. stuart: thank you for being

here, always appreciated. check the markets the dow is up 200 the nasdaq is up 90 and dennis gottman joins us now. long time no see, welcome back. i know you're a bear and you been up there for a while, what proportion of your portfolio is in stocks? >> none, . the only stocks i own are etf's for the short stocks 85% of what i own is less than two year notes 7.5% short the stock market 7.5 is a longer role i have no stocks at this point i have a odb since july of this year end don't intend to. stuart: you foresee a sharp market correction or another crash? >> let's not use the word crash let's use the word distribution, let's use the words bear market but let's not use the word

crash, i think that is a little over-the-top at this point. i do think stock prices want to go lower from here and the consumer has borrowed as much as he or she possibly can and i think earnings will start to show a slipping rather than an increase. i think banks have problems with funding slowing the landing and problem loans out there, real estate is a consequential problem. and if you take a look at the dax in the european stocks in the chinese stocks in the russian stocks in a look around the world all stock market seem to be going from the upper left to the lower right. i'm comfortable being modestly short at this point. stuart: what would change her mind and say all dip my feet back into the stock market? >> if we stop making new lows and go up on better volume and actually going down a big volume and upon light volume. i need to see the internals of the market began to change it i don't see that changing for a while. they could be a long time before the fundamental change and i think we will seattle be a long

time before the fed in the process of these humanitarian policy probably late into 2024, maybe early 2025 but before the overall fund rate comes off slightly. it will take a while before we turn bullish. let's just say we need to the market go up on a stronger volume and stop falling on strong volume at the house for a while. stuart: your earning 5% on the vast majority of your holdings in your portfolio, that's where you are 5% yield. >> i'm comfortable with that as the chairman of the university i made sure we bought a little bit of gold two years ago we move 10% of our portfolio out of stocks into two-year notes and we are comfortable and i'm comfortable with the same position of my own account. i guarantee i will get my money back supposedly unless there's a problem with the government that we don't ascertain going to happen right now. i'm comfortable for a half to 5% onto a half notes. a very pleasant return.

stuart: welcome back, good to see you again. i'm sure we will see you again soon. >> let's have a look at the movers starting with pfizer up 4%. >> is leading the s&p 500 right now, earlier i said the ceo said 17 million adults will get the booster in the u.s., it is 17% of u.s. adults. that is a bigger number but the bigger number is in line with last year. why is the stock up, pfizer is cutting costs after cutting the full year revenue forecast by 13%. you see investors sizing up covid companies, but during a calm of biontech, post covid been through this for three years. >> at the price 17% of americans want to have another covid shot. i don't know anybody. >> and we live in new york. >> i have not you think it would be more people.

>> i've seen a whole lot of masks but that's totally different. stuart: to words manchester united. that the soccer team. >> down 12%. the british billionaire jim ratcliffe is looking to acquire only the 25% stake in the soccer club, that means a buyout by the qatari sheep will be off the table if this is true ratcliffe's bid would be $1.5 billion. stuart: i think the fans of manchester would like more middle east money coming into the club like it went to manchester city across the street. marathon digital holdings. >> let's take a look at the crypto companies because momentarily bitcoin was above 30000. investors are pricing and reports of the sec approving the first spot bitcoin etf. stuart: over 330,000 i think that's an accurate number have participated in strikes since the start of last month. is the union influence growing or are union people more

militant. >> they are that are because of frustrated because of the cost of living and technology replacing the. membership to unions is at an all-time low, 10% of workers last year 14 million were in a union it was double that 1983 so the numbers are smaller. support for the unions is growing it is at 67% according to gallup. we've seen recent strikes across many parts of the economy the 75000 healthcare workers at kaiser permanente. 11000 at the writers guild those strikes over but the hollywood actors still on strike the autoworkers still on strike in support for them has gone up but membership is solo. stuart: thank you very much indeed. a bipartisan panel appointed by congress warns america needs to prepare simultaneous wars with russia and china. the president is downplaying

concerns about our military's ability to help in multiple conflicts. hillary vaughn has that report coming up. the fbi director says copycat terror attacks can happen here in america as migrants from across the globe including iran pour across the southern border. senator lindsey graham says if he escalates the word in israel he will introduce a resolution to take military action. are we ready for a war with iran. kt mcfarland next. ♪

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123. the gain on the nasdaq .9%, s&p .81%, not a bad gain. a bipartisan panel warns the u.s. must be prepared for simultaneous wars with russia and china. hillary vaughn does president biden believe were ready and able to do that. >> absolutely he does from treasury secretary janet yellen says the u.s. can afford to support ukraine and israel the house republicans need to elect a speaker so critical aid so both efforts is not stalled. the president assuring people that helping israel and ukraine will not come at a cost that the u.s. cannot take on. >> are the words in israel and ukraine more than the united states can take on. >> were the united states of america for god sake. the most powerful nation in the history and the history of the world. we can take care of both of

these and still maintain our overall international defense. >> the confidence is coming as concerns roll among national security efforts that the u.s. needs to ramp up defense and prepared to face two nuclear threats russia and china the strategic posture a bipartisan group appointed by congress reports that the u.s. needs to modernize its nuclear weapons and this as the u.s. military faces recruiting shortages and any hope of passing aid for ukraine and israel remains road blocked until the speaker is elected. house republicans a president biden has failed to show strong leadership. >> we need to prevent these types of things from happening. when america shows strength it deters this from the very beginning. we said this with russia invading ukraine and we see it now unfortunately with our good friend israel. >> the national defense authorization the massive bill that dictates military spending that needs to be passed by both chambers by the end of the year,

something that cannot be done until there is a house speaker. stuart: thank you very much. senator lindsey graham is sending a warning to iran about getting involved directly with the war on israel, watch this. >> here is my message. if hezbollah which is a proxy of iran and launches a massive attack on israel i would consider that a threat to the state of israel and accidental in nature and i'll introduce a resolution to the united states senate for military action by the united states in conjunction with israel to knock iran out of the oil business. iran if you escalate this war we are coming for you. stuart: kt mcfarland with us, what is your reading on a wider war, iran is testing president biden's redline. >> sure he is testing the redline and iran has the money to do it because of high oil prices thanks to the body to

administration more un-american fossil fuels, thanks to high oil prices for iran is the biden administration has failed to enforce the sanctions. iran is selling oil at a high price it has plenty of money to support hezbollah and hamas and plenty of money for further nuclear weapons program. stuart: if they send over a shower of blockers in northern israel, then what do we do we have two aircraft carrier battle groups, what do we do. >> here is the problem israel has never asked us for boots on the ground they have always said we want to be able to defend ourselves, by ourselves, what we need from you american we might need intelligence sharing and backfill our weapon systems and munitions as we draw them down fighting hezbollah and hamas but we don't necessarily want your troops. when lindsey graham says that if you wanted to stop iran from

supporting the terrorist groups, cut off the oil cut off their ability to make any money because at the end of the trump administration we had gotten iran so broken so bankrupt with the sanctions in the low oil prices that iran was cutting funding to hezbollah and hamas. biden comes in and all the sudden iran is rich and iran encourages these two terrorist groups to attack israel. it is very simple supply and demand if you have the money you go to war. stuart: biden says he supports israel but he does not want israeli forces to occupy gaza he wants to see a palestinian state formed, what do you say that. >> i have been very critical of the biden foreign policy but so far i want to point out so far the biden administration has been very supportive of israel they'd given the cooperation weapon systems and the diplomatic support, certainly the flurry of an american officials going to israel in support of israel but what happens next. president biden is saying israel

go in and take out hamas go door to door and take out those guys get their political leadership, the military leadership and wipe out their ammunition doubles but then what happens after that, how is gaza govern, hamas governs as hamas goes to war that's a big question nobody has the answer. and nothing america wants to taken half a million or a million gaza refugees certainly the arab country in the region and the muslim countries in the region iran don't want the palestinians in their country that's why they festered this for 80 years, they told the palestinians stay where you are don't come to our country will give you money and then you can attack israel. here's where we are four generations later, hezbollah and hamas empowered by rich iran are coming after israel. stuart: is not going to end anytime soon is it? >> no. >> this is urban warfare there a lot of american hostages israel

hostages women and children they will be used as human shields as israel goes in this will get uglier and as he gets uglier and the civilian casualties which hamas wants, they want their people as human shields that the world support will start dissipating to disappear from israel. stuart: you forecast that a week ago and you are right, it's happening right now. kt mcfarland comments he is real soon. now this the fbi warns about potential terror attacks here in the u.s., tell me more. >> facing a dramatic increase in reports of threats since octobe. the president was asked about this on 60 minutes. >> what were seen in the middle east is a threat of terrorism in the united states increased. >> yes, i had a meeting this morning with the homeland security people, the fbi in the situation room and better part of an hour to discuss how we

make sure that we prevent a lone wolf and her cord needed efforts to do what is done in the synagogues before and do what is done to jews in the street. we are making a major effort to make sure that does not happen. >> the biggest concern is a copycat lone wolf attack that is someone who might be unknown to law enforcement until they act. that is the biggest concern. if you see something say something. stuart: john kirby was asked about the potential for having u.s. boots on the ground in israel. come into this. what did he say. >> it is interesting the spokeswoman for the national security council says he's not ruling out the u.s. troops being deployed on the ground to free hostages but he says there's currently no plan to do so. of course he would not tell anyone if there was here's what he told "fox news sunday". >> would absolutely rule out the possibility of any u.s. forces beat on the ground.

>> i won't rule anything all-out when it comes to getting a hostages home social plans or intentions to put u.s. troops on the ground to fight in this fight between israel. >> to retrieve america's customer. >> we are trying to actively find out where they are we don't even know how many exactly we salt small handful there could be more they could be in different groups and they could be moved around. >> to that point hamas is believed to be holding 100 people hostage including civilians, israeli soldiers and an unknown number of americans, the state department said over the weekend 15 american citizens remain unaccounted for although the u.s. officials say that does not mean they're all being held hostage. stuart: got it. the new york city public school teacher expressed support for the hamas paraglider's who murdered hundreds of is really civilians at the music festival. the teacher called the terror attack is successful the later campaign. we have the story.

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stuart: check the price of oil, it is following a dollar to $86. according to the washington post the biden administration and venezuelans government have agreed to a deal to ease the u.s. sanctions on the venezuelan oil industry, that's extraordinary he cuts american energy independence, now he begs the socialist dictators for their oil, you really have to shake your head at this. looking at the movers can you please start with charles schwab. >> up 6% the largest brokerage revenue fell 16% because of higher funding cost and softer trading volumes but earnings even though they fell 30% that was better-than-expected and up goes the stock. stuart: i want to interrupt as the price of oil comes down with venezuelan, the dow goes up, 313 points as we speak.

>> we cannot afford sanctions on russia and iran oil at the same time that is a quarter of oil supply put together so we have to do another deal with dictators. >> it would not have happened if we would've ended the energy independence three years ago. >> on day one of his administration. let's get back to the movers ford executive chair. >> is urging the autoworkers to end the strike at day 32 he said toyota, honda, tesla all of them are loving the strike because they know the longer it goes on the better it is for them. they are losing market share in nava kentucky, the sep the big profit machine being off-line they are feeling it and he just said so. >> i noticed microsoft was up. up $7 does somebody on wall street really like them. >> piper sandler says at the top mega cap stock pick, that is hard to say fast.

mostly because of the november 1 launch of the new copilot a.i. based assistant software you can use a.i. in the office products in the search engine. piper stays overweight but they upped their price target they go to 400 meaning the stock and go up 4%. stuart: thank you very much indeed. newark's mayor eric adams says israel has the right to defend itself. rotate. >> this was intentional, this was better, this was nasty and something that shows hamas must be disbanded and destroyed immediately. >> we are not going to say we have a stiff upper lip and act like everything is fine, everything is not fine, israel has a right to defend himself. >> that is joe concha, come on in that is a powerful speech and thoroughly divided city, what do

you say? >> absolutely. i think mayor adams deserves the highest of praise for being so passionate and steadfast in the defense of israel and he did it without any ambiguity, i loved what he had to say here, in new york the largest jewish population outside of israel, this is the place that our voices must be raised and to raise throughout the entire country. he saying we have a huge jewish population we need to lead the way in condemning this, bravo mr. mayor not much more to say about that. stuart: many of the democrats oppose israel vigorously and support hamas. that was a brave statement politically in the city. >> yes obviously it is a very blue city eric adams like 60% of the vote. to do it now in the way that he did considering you're right some politicians like alexandria ocasio-cortez very sympathetic

towards palestine and obviously calling for things like de-escalation and cease-fires to do this now timely and very much needed in a divided city. stuart: we have a new poll from cnn 70% of people believe israel's response to the hamas attack is fully or partially justified. i have a feeling if there is mounting civilian casualties in gaza, the level of support for israel may slip, what say you? >> perhaps, already we see high casualties in gaza and obviously israel has been bombing every sense this happened. but i think people realize this was unprovoked or completely provoked as far as the hamas attacks on israel were you had babies beheaded and people raped, kidnapped, massacred. i've a feeling people will be more patient with this offensive

into gaza by israel to root out hamas because of how brutally despicable these attacks were they were not just bombings, yet babies murdered in front of their parents, these are things that are unthinkable and it's much like the holocaust. i think people will be more forgiving of israel when it comes to the bombings in the casualties in gaza. stuart: you have an op-ed out, anti-israel rhetoric finally brings an ivy league reckoning. i want to hear more about this will they face a real backlash? >> it seems like they are already. i like what bill ackman had to say the hedge fund billionaire the founder of street capital, he called on wall street ceos to never hire any student who signed off on the letter at harvard 34 groups overall the put the blame for this conflict solely on israel after they were the ones that were massive.

, many ceos are signing up for this as far as saying if they know that somebody signed off on this letter they will not hire them. if you are managing a business would you hire someone who blamed the despicable violent acts of terror group on the victims, i do not think so. let me leave you with the staff 190 professors at harvard according to a survey done by the campus newspaper 183 identified as liberal and seven as conservatives. when it comes to the most important diversity the diversity of thought free exchange of ideas harvard gets an f minus when you have 97% of your professors saying the liberal. >> well said, good stuff we will see you later. how about this unrelated story a schoolteacher in new york voiced support for hamas attacks on israel, then what happened? >> it is a public school teacher he shared an image of the paraglider's the hamas terrorist

and he called it a terrorist attack by land air in see successful mug into military campaign. then he doubled down on that he called the department of education guidance on how to instruct a classroom what is happening in the middle east zionist propaganda, that's what he did he still standing by at no backtracking at the university level. the university of wisconsin and he refuses to condemn the pro-hamas rallies taking place at the school, the chant glory to the murders, the university said no it was glory to the martyrs, regardless you have these institutions of higher education not only accepting but endorsing anti-semitism as free expression, that is wrong. >> it sure is. new research, this is interesting, stand by. new research finds pot smokers who got over it had better outcomes and lower death rates than people who did not use marijuana, doctor siegel is

going to try to explain why. disney stockade nine year low the company laid off workers and jacked up prices to boost revenue. ashley will break down the growing troubles for the house of mouse as it marks 100 years since its founding. that is next. 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 on a chromebook. which is why thousands of schools like the fairfield-suisun unified school district switched to google tools for education.

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growing number of issues, come in ashley give me a list of the troubles. >> there is quite a lengthy list, 100 years after it all began in a back room in hollywood in 1923, all is not well and the mouse house even when we should point out the ceo bob iger back at the helm has been a struggle for the entertainment giant, disney is burdened with the dying tv division, it is streaming service disney+ has lost more than $2 billion so far this year and by the way is losing subscribers as it tries to raise prices. it's movie division also suffering from a string of box office bombs the remake of haunted manchin in indiana jones sequel failed to own back their budgets, also adding salt to the wound disney world is reporting lower attendance while still in a legal battle with florida over the self-governing agreement.

all of this has hurt the stock price, it's fallen more than 100 bucks since its all-time high in march of 2021. disney's market cap has dropped 56% or $200 billion in just the last 32 much. the question is where does disney go from here. earlier in the year bob iger announced plans to cut 7000 jobs and shrink the annual cost by five and a half billion dollars, he also pledged a massive 60 billion-dollar investment in disney's theme parks and cruise division. but there are expectations as well that the dividend payments will resume by the end of the year. the future would also likely involve a yard sale for disney assets potentially a much talked about the dying tv division included a portion of espn and maybe abc to be sold and by the way disney becomes a leaner company which it appears to be heading toward, it would ramp up

the speculation of a potential buyer coming in, someone say apple, that would be a blockbuster deal. >> apple has the money to. >> they certainly do, just speculating. this is for you, taylor swift eras tour had the opening weekend i imagine an overwhelming success. >> anything to do with taylor swift is good to be a rollicking success domestic ticket sales topped 95 million that may be updated tomorrow it was short of 100 million-dollar predictions but mighty impressive. already the film has shattered records becoming the highest grossing concert film release domestically surpassing justin bieber's never say never film released in 2011 when your favorites which generated $73 million in just a single weekend. another interesting stat a whopping 60% of tickets for the weekend were bought in advance for taylor swift's eras tour

movie that's one of the highest ever recorded, the tour film the widest concert film in history it played more than 3850 domestic locations for its debut, and economic no matter what she does. stuart: well said. thank you very much. i would like to move onto sad news actress and best selling author suzanne somers passed away at 76 she was best known for playing the part of kristi snow on three is copy. >> these two are living together in sin and i'm here to convince them to me in their ways. >> kristi you do not have to do that. >> shame, shame, shame. >> my work is done here.

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stuart: look at this that is the rainbow and that is gaza. an interesting jump to position a city in ruins and the rainbow. moving on, look at this an op-ed by doctor siegel, there it is hamas evil as we have seen way on all of us, here is how to cope the good doctor joins me now. why do you get into it we've all seen horrific images, everybody has, children included, how do we cope. >> we start by looking at israel i interviewed last week the head of the international center for resilience in sderot israel. right by the border she said the city is completely destroyed but they had plans and they rebuilt it quickly. i asked her about anger and she

said don't suppress her anger, express it and i asked about sleepless and she said not of us are sleeping and i said what about smoking and she said were smoky what do you think were doing for israel is about survival mode for the rest of us we can relate to the courage the israel is showing and specifically that person i just mentioned but everyone in the military and israel we can relate to courage here is a little secret fear courses through the most powerful center of the brain but do you know what else goes through their courage and laughter and loving and compassion and empathy. you cannot feel those things at the same time. if you are feeling empathy you are not feeling fear, those images that are coming across we need to be informed we need the news but we don't need to obsess on it to the point where we personalize it and get worried are there going to be terrorist here in the united states, yes i think there will be but the

question what is your personal risk and how best can you conduct yourself in israel shining example of standing up to the fear of the tear. stuart: what about children they watch tv and they see in their screens, how do you keep those images away from children and if they see them what do you say. >> great question you could not keep the images away from children we have spent multiple times talking about social media, kids are going to get affected by it you as a. have to ask yourself what are you showing are you showing the courage i just talked about or are you worrying in front of your child, what kind of role model i call it fear leaders, leaders against fear and parents is where it starts, family is where it starts. you have to look at your child and say any questions you have i am here to answer but do not give into the fear your self or your child will become afraid. stuart: we're going to change a subject entirely, new study says cannabis users, potheads had better outcomes with covid than

those that did not use marijuana, can you explain that. >> first of all is that is actually true we have a bigger problem with our economy here that we already have, could you imagine if i get on tv and say smoke pot and a protect against covid, first of all i'm not saying that first of all the studies are retrospective and it looks at 300,000 people 2600 smoked pot but they admitted in the study that most of the pot smokers were not the same category of diabetes or obesity or lung disease, they were healthier people in the study looks in retrospect that data it does not say here is a group were giving you pot and weed here is a group, no weed let's see how you do against covid. here is the thing i want the viewers to have a take on there is a lot of active chemicals that worked against this virus that we did not study well enough. i'm open to the idea that

marijuana could decrease inflammation in the body when you have covid. i'm not against this idea i'm not going to say go out and smoke but i think it should be studied further. stuart: let's get into the study, thank you very much indeed, good to have you with us. that was a good change of subject. still ahead kentucky congressman and the bar on the race to elect a new speaker, will we ever get one, steve forbes on what could shake up our economy in economist diana on israel losing the pr battle, the 11:00 o'clock hour is next.

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>> they can sense weakness in the president and weak men create hard times and we are in hard times because of a weak man named joe biden. >> the president and his cabinet are in charge of executing policy but i