stuart: i will say two as well, 476. the answer is correct, 476. the largest in 117 a.d. it span north america, western asia, etc. . how often do you think about the roman empire on a daily basis? >> every other day. stuart: i do not believe that. why? >> it is instructive to understand how successful societies find crumble. stuart: the roman empire doesn't just pop into your head? do you ever think about the roman empire? >> never. stuart: nor me. "varney and company" is done for the day but if you stay tuned, you will see magically appear on your screens, 321, coast-to-coast starts now. david: day 11 of war in the middle east, as clatters

ramp-up along the israeli border, president biden is set to leave for israel and a show of solidarity but how involved will the united states get in the this war? a live report from southern israel with mike tobin. a battle being fought in the nation's capital, the house will vote on the new house speaker two weeks to the day after kevin mccarthy was ousted by members of his own party. jim jordan seems to be the front runner, but will he have enough votes by the end of the day? chad pogrom will give the latest from capitol hill. welcome to cavuto coast-to-coast. i'm david asman. we begin with talk of israel. the united states has selected nearly 2000 troops to prepare for a possible deployment in israel. retired navy seal makes a rally

joins me now. who are these troops, your best guess, and what would they be doing their? >> these are combat support troops, they are medical logistics and supply as well as if we put troops into israel in greater numbers. direct support troops, the marine expeditionary unit off the coast, america's 911 force. david: these are recon marines. >> these are infantry marines. and organic task force capable of conducting direct action raids or something they are fueled after. one thing to note, we have a long memory. the 40th anniversary of the

1983 beirut bombing. the marines will move and if called upon. david: it is a horrible memory, that is vietnam. in the beginning of that war, jfk scented military advisors and eventually they got drawn into combat and there began our involvement in vietnam. are you concerned that even though these are not going to be combat troops but may get sucked into combat somehow? >> the us central command general paid a visit to tel aviv to meet the israeli chief of defense to identify israel's defense requirements and also focused on ensuring that other parties do not broaden the

conflict. diplomacy, the geopolitical chessboard taking place behind the scenes to make sure iran remains in the box. david: with they assist in the rescue of hostages? >> the 2000 support troops, would they be supporting admin activities, intelligence, logistics, yes, but that is to the special operations units if we fix where american hostages are located. david: how do you see the conflict evolving without getting into the weeds, do you think there's a way to contain it or will it blow out of proportion? >> in my experience, the ground offensive is immanence. we are talking hours if not days, possibly a week.

urban combat is brutal, casualties statistically higher, it let me give you context, smaller than gaza, took six weeks to clear, resulted in the lives of 100 us soldiers. it could be pretty deadly. israel has to exterminate hamas. david: we have the president going into israel. what should we hear about that? he's going to be talking to the world. what do you hope he says? >> he is rooting for significant demonstration of solidarity and long relationship with israel, he is meeting with benjamin netanyahu as a show to the world that we stand with israel and according to the world.

stuart: thank you for your kind words about the marines and god bless you, appreciate you being here. let's go to mike tobin in southern israel. we expected to go to you first but you had to dive on the ground. what was happening? >> reporter: more rocket fire out of the gaza strip. this is a nightly ritual, they came in our direction. a bunch of soldiers hit the dirt as well. usually we see the interceptors from the iron dome. the interceptors got those, we will find out the information later and find out if they came down and caused damage. the airstrikes go back into the gaza strip, they have the

highest value target yet, who was head of the hamas intelligence division, before he was killed, he's accused of a number of crimes including the kidnapping, israel claims they've taken out 8 high-value targets from the hamas structure since october 10th. all lies are on this ground offensive. if and when it begins the israeli navy will be a component of that. major nelson is in the israeli naval reserves and answered the call. >> i'm going to protect our country and protect our people. that is making sure we take care of terrible hamas terrorists.

>> yesterday released the first video they've seen a hostage in their captivity. i talked with her mother who said the first confirmation her daughter was alive was that video. >> didn't know she was dead or alive and until yesterday, this video, the first reaction was screaming and shouting. the other reaction was the happiest moment in my life. the third reaction, everybody went home. have you watched the video? i couldn't stop crying.

i see my baby in pain. >> reporter: at the northern border, hezbollah continues to minnis israel antitank fire and small arms fire threatening to open another friend in this war, national security chief says if hezbollah keeps it up they will bomb hezbollah into the stone age. all lies on the gaza strip. david: what an emotional roller coaster particularly for the families. it's a form of terrorism what they are doing. please stay safe. thank you for coming in. appreciate your work. breaking news on the political front. house republicans hope to elect a new speaker very shortly. ohio congressman and house judiciary committee chairman jim jordan is the gop nominee. chad pogrom is live on capitol

hill with the latest. the first vote happens. if he wins on the first round, fine. it's a new ballgame but what happens if he doesn't win in the first round? >> they are taking a vote to take attendance, see how many people are here. there is a slight chance of they might not vote, there is one absence because it is about the math. they could lose less than a handful, that is when we go to a vote for speaker. hakeem jeffries will be nominated for the democrats, jim jordan, the gop could have other people get nominated or voted for on the house floor. we believe jim jordan is 8 to 10 votes shy of having what he needs. it is all about the math. the winner is someone who gets

the most ballots by name out of all current members of the house of representatives, the magic number could b that numb you get through the vote. are there people voting for steve scalise? there is sympathy for him. they don't think he was treated well. you might have votes for kevin mccarthy, carlos jimenez from florida indicates that but don't know if jim jordan will get the votes. how much longer does this go on? they went 15 rounds in january, do they go to another vote or have to recalibrate. if he's within 5 or 6 votes, let's force the issue. if he's 20 short that another problem for jim jordan. david: they must realize the

world is on the edge of a major war in the middle east, crises at home, if it does drag on longer, this is going to be a bad omen in the next election. do they understand they've got to get it done now? >> that something a lot of republicans a said. why didn't you vote for him last week. i had one republican tell me the way they treated steve scalise was disqualifying for jim jordan. he asked both steve scalise responses who won the election and he wasn't willing to commit at all either so it depends how much these 5, 10, 20 members are dug in and if this is just a protest vote on the first ballot and they go again. stuart: we will be watching

closely. here now is the washington examiner's kaylee white. what if house republicans can't pull this together? what next? >> they better, this is an embarrassment for the party in the country and i will blame matt gaetz for starting this in the first place. ironic that he is now begging his colleagues not to join with house democrats to tank jim jordan when he joined with democrats to take kevin mccarthy in the first place but republicans need to be unified. you don't see this behavior from the other side of the aisle on the democratic party side. ha hakeemjeffries will have unanimous vote from democrats for himself or floating the option of making patrick mchenry the interim speaker. not a single democrat will defect from what democratic leadership decides. why can republicans not act

with the same force and unity. it is as if they enjoy being the minority? david: some important things need to be done, the war in the middle east but also these investigations that are getting a lot of hard information about the bidens and the fbi, is that at a standstill, going nowhere until they get a speaker? >> investigations are still ongoing but you have a looming government shutdown the does threaten to halt the investigations into the biden family. that shut down is only a couple weeks away. if we don't have leadership going into those negotiations, that will be a massive problem for the house. david: as a political issue, they are going to lose a something they would have brought into the next election. fox news poll shows a growing number of people think joann

hunter biden did something either illegal or at the very least unethical. it is a majority for hunter and the growing minority for joe biden as well so they are going to lose that momentum if the speaker debate drags on. >> this is stunning because in total, 68% of americans now believe president biden acted illegally or unethically in regards to his son's business deals in spite of the media's efforts to cover for the biden family for years, in spite of the doj's efforts to cover for hunter biden, four years, 68% of the american public is not buying it. republicans need to recognize the political capital they have in 2024. they can convince the american public why they are the best fit to lead washington or they

can squander everything they have built and allow democrats to win again as they did during the midterm elections. david: we will be watching get. the bank of mom and dad coming to the rescue for homebuyers. we will talk about how parents are helping their kids as it becomes more difficult to purchase a house next. pano ai chooses t-mobile for business for 5g solutions... ...because t-mobile helps pano ai innovate, so they can stop the spread of wildfires. now's the time to see what america's largest 5g network can do for your business.

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david: oil prices were up earlier but now they are down on hopes the us will use sanctions on venezuela, those who want more oil in the world. apple metro chairman and ceo, you've been in the oil business as long as you've been in the restaurant business. i want to throw some numbers about what venezuela is producing. in 2005 they were producing 3. 5 million barrels a day, they screwed up the oil company, loaded it up with political

appointees, 2016, down to 1 million barrels a day, today, 400,000 barrels a day. that's less than domestic consumption in venezuela. how will they export to us when they can't fill their barrels? >> who said they are going to? with any logic behind it is the question. a different statistic is we have in the permian and new mexico, drew riggs drilling more oil than pre-pandemic in 2019, drilling 13.1, 13.2 million barrels a day. consumption is 21 million barrels a day, why we have 2 get venezuela as you point out.

david: these numbers look good on paper but the direction we were going the last months of the trump administration showed we should be up to 15 million barrels a day. without getting bogged down in numbers there is lack of supply in the world which is why prices are going up. we could be producing a lot more, 2 million barrels a day from the gulf oil alone and then talking alaska and other places they cut off. >> we should be producing more, you can't just flip a switch and drop riggs, that will impact prices, the biggest problem, higher oil prices is inflationary, there's a fear of mid-to late 70s where inflation came down and skyrocketed higher. david: a lot of pressure in the

biden administration to cut back, iran's production has exploded and if the biden administration is successful in cutting back on oil production prices will go up even more. we may see one hundred dollars a barrel. >> i hope some logic sets in and we are not discriminatory towards our drillers. another quick point, see what happens with the exxon pioneer acquisition, the largest driller by far, they don't -- stuart: retail sale numbers, consumer debts are going up but they are using the credit card to buy stuff? how does it end? >> you saw credit card default rate double, there's cracks

forming. the consumer can't spend an detert to but it is like this is the heyday. stubbornly high consumer spending. it is as if interest rates didn't have an impact. david: the other one is retailers, any slowdown at all? >> i'm continually waiting for the drop and it just continues to hold steady and that astounds me because we are in the sweet spot of a population where the real numbers are. david: it is middle-class. >> used to say gm. david: are you preparing for a drop? >> we have to staff restaurant so as we have demand, we have

to meet it. i continue to wait for that day if it comes. david: it leads to the perennial question have we avoided recession? >> i've been in the camp of soft landing, i think what's more important is not when the next recession but how long it will last? it will be a soft landing, mild recession. consumer spending trends are too strong. if you factor in inflation, retailers up. david: your great together. >> thanks for having us. david: homebuilder confidence hitting its lowest level since january. more young people are turning to their parents to purchase their first home. gerri willis has more on this.

>> reporter: a record number, 40% using a cash gift or inheritance in order to afford the down payment and they are calling it the rise of an epo homebuyers come inside the family, young people choosing this route, the american dream becoming increasingly unattainable without that leg up and median down payment is down $30,000 so have to have a significant nest egg to secure that home. down payment over 11% year over year, almost $30,000 per home. historically high interest rates are a reason for that, the other is a shortage of supplies. in the short-term it doesn't look like prices are coming down. >> demand is high and the only way they can afford a home is the bank of mom and dad.

they are just as in supply. we are not focused on housing. >> reporter: if you plan to help your kids with cold, hard cash for down payment, remember, the irs has rules for that. the exclusion threshold for gifts is $17,000 a year. that's not going to get you a house. there could be tax consequences. david: appreciate it. coming up, china rolling out the red carpet for vladimir putin. what gordon chang makes of this after a break.

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david: the united states is getting on board with israel, vladimir putin is meeting with chinese president xi, senior fellow gordon chang joins me now. our biggest fear was the china

and russia would get together. it didn't happen because of richard nixon's opening of china, giving a link with the united states but now it is happening, our worst nightmare, concerning to most americans. >> absolutely. this is the 40 first time putin and xi xinping have met. that shows the closeness of their partnership. it intends to take down the united states, at their fortieth meeting, xi xinping said change is coming, that hasn't happened in a hundred years, you and i, he's talking to putin, you and i are driving this change together. they think they are the boss of the world and can do what they want, they are defying the united states. we are in a world of hurt. david: our own relations with china which are hard to

decipher, you have janet yellen saying some things, she went to china a couple months ago and was kowtowing to a government official, not a great way to start a negotiation with that kind of gout -- kowtowing, the us is deepening our relationship with china. what does that mean? >> it means the biden administration is desperate to establish channels of communication with no indication of sharing the planet with us. they have policies that sounds good to the ear but have been disastrous in practical effect and they are doubling down on them. our relations with beijing will get worse because we are emboldening the worst elements by showing that aggression works, that we are desperate, that we are a supplicant to china with high-level visits the chinese capital.

david: we heard comments because of what's happening in the middle east, that it is not our fault but at the same time there were these months if not years of appeasement towards iran which was applying hamas with what they've been using against israel. is it the same appeasement type of diplomacy we are seeing with china? >> the people in the middle east point to an event two weeks ago where an iran proxy killed bahraini and soldiers and the united states said nothing about it and people there are saying that was the signal to iran that the united states was not going to oppose iran's other adventures in the middle east and that was the signal to attack israel. what we are seeing is middle east policy of the biden administration that has been

the worst in american history, the worst. david: janet yellen was asked what deepening our relationship with china mend, we want to cooperate on a variety of global challenges, she meant and climate change issues, not doing a lot on climate change except transforming their car industry to electrical but building battery factories that are supplying us that we are relying on. she mentioned third world debt issues but do we want to help them with the issues on third world debt? >> absolutely not. a lot of it is china with dead trap diplomacy entered into arrangements with countries that obviously uneconomic projects, projects that have come in places like pakistan and sri lanka and if the ims

bail out those countries we are effectively bailing out china. this is the last thing we should be doing because this is china's plan to dominate the world. david: talk about appeasement, we've seen many corporations do that. got a surprise visit from apple ceo tim cook to china. no decoupling there, is it? >> china is decoupling apple. huawei phones took the top spot in china. apple's big advantages the apps store, china is attacking apple's apps store. if you have the same apps anna huawei phone if you're in china you are going to purchase the huawei device because the government wants youtube. investors should realize apple

is in china but not for long because xi xinping will make sure that apple is out of the country. david: thank you very much. more wealthy alumni and donors are cutting ties with colleges over the response to the hamas attack in israel. the day you get your clearchoice dental implants

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david: serious backlash against the nations leading schools as alumni and donors make their feelings known after student protests. molly line is live in cambridge with more on this.

>> reporter: accusing leaders of equivocating our major contributor to harvard's community cut ties with the ivy league institution. in a letter to the board of overseers we are stunned by the dismal failure of leadership to take a stand against the barbaric murders of innocent is really civilians by terrorists last saturday. studying at the university, they feel abandoned knowing our core values and those of harvard no longer align. the moves come days after an israeli millionaire step down from the executive board at harvard saying their faith in university's leadership, in the heart of neighboring boston, hundreds marched in support, students for justice in palestine group, placing demand

on school leadership calling on the interim president to condemn anti-palestinians and releases a statement that releases the killing of palestinian civilians at the hands of israel. administration colleges may see similar mounting demands from pro-palestinian student groups as the conflict escalates. david: thank you very much. breaking news, belgian police shot dead a suspected extremist accused of killing two swedish soccer fans in a brussels street. special ops counterterrorist unit and cherries founder aaron cohen joins us with what happening in the middle east. thanks for being here. i'm curious if you think what happened in belgium and other incidents happening around the world including an uranian caught on the border, tried to get in, he was on the terror watch list, are these lone wolf

incidents or is iran ramping up a terror campaign worldwide? >> they are lone wolf incidents connected to a larger ramp up. they are mutually exclusive. what that means is the leadership of hamas in iran, calling the worldwide jihad, we could be looking at the problem in a stages of this which means i can tell you from my sources, i was trained in law enforcement in counterterrorism i can tell you from my sources in los angeles and other agencies they have been quietly ramping up tactical alerts because these rioters, these protests you may be seeing, the question is what would they be doing if hundreds of people in

different cities who are sympathetic to the palestinian flag, the problem is hamas branded themselves as part of the palestinian identity. there is a large connection between the two. this is a time for law enforcement to ask themselves, is our patrol, and resources, do they have the capabilities as the first first responders to deal with multiple active shooters situations if this continues to spark. david: the air raining and 7 espionage operations, i think of the soviet union days when the soviet union was involved in protests that call themselves peace protests but had involvement with the ussr, i wonder if iran is trying to

spread that net a little wider. >> that is what they are doing, they are infiltrating social media, exploiting propaganda. iran as the sender, the entire security apparatus of the united states and international come the unity. i've been in this for 25 years. iran in the leadership of financing and equipping, arming, we are hitting warehouses and ships coming to israel, obliterating those targets, iran is an international security threat on the micro level, time to

start looking at that. david: i want to put on screen what happening in the house floor, elyse stefanik has put in the name for jim jordan, the magic number is 217. the vote process begins. is there anything congress can do about the situation in the middle east? >> make sure the us and israel have the supplies they need to engage on multiple fronts. we smashed isis, israel, the us, class problem it not -- multinational task force for 5 or 6 or 7 years. they need to think about national security at the highest level, making sure we have laws that have teeth to go

after terrorist leaders, coming down the heads of those trees and do it quickly. david: as soon as possible. appreciate it. time to bring in brian brenberg for what they have at the top of the hour. >> anti-israel forever spreading and campuses across america, billionaires closing the purse strings as companies are nixing higher requirements. we wonder if this could be the moment we leave college as a nation. coast-to-coast 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.

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david: the sec is revamping gets focus on esd investing removing it from its list of priorities. may be all the work you have been doing. bottom line, not a good form. charles: there's two things going on. there is the annual exam. love euro of the sec. every company, every firm, do

you do this right or this right? it is standard. one of the parameters they check has been knocked off the checkmark, esg is under compliance examination. david: it stands for environment, social and governance -- david: impose racial quotas. david: not very popular. particularly if gas prices go up. charles: if you want to know about the overreaction during george ford by the corporate community, throwing money, virtue signaling it had its roots in esg. the compliance examination department of the sec is not a priority for them and this is bigger, gary gensler wanted to impose climate disclosure rules

on every public company, had to explain their carbon footprint down to what suppliers are doing, they would have to explain, disclose to investors the carbon footprint of their suppliers. this is such an insane proposal because how do you know what suppliers are doing, it impacts the environment, how do you measure it, he wants people to map this out for years and years in the future, very sort of pie in the sky and costly. here's what we know about that. to scale it back, it's too onerous. it's more moderate than you think. what we do know is under this

backlash, thousands of letters to the sec, does the average investor want to know about this. in any event, this is what is described, it is nowhere. is he ditching it. we don't know. probably not. scaling it back to a point where it may not matter that much. that is where it is. they extend the common period, they have to rethink the whole thing. biden loses to trump, he has a year left, this thing doesn't see the light of day

particularly, not enough time, it was one of the most grandiose sec proposals ever. david: it runs into the -- the energy costs more. the money spent on blm and everything. charles: i am writing a book on go go broke, back lash to woke is immense right now. people that attach themselves are getting torched. david: more coast to coast right after this. mlb chooses t-mobile for business for 5g solutions... ...to not only enhance the fan experience, but to advance how the game is played. now's the time to see what america's largest 5g network can do for your business.

david: house republicans are voting to elect a new speaker, jim jordan is the gop nominee. we will see if there is enough votes, markets are happy about the way things are going. deeply in the red early on, premarket activity but all the markets are just barely green on the screen. that does it for us. brian brenberg and "the big money show" here to take you to the next hour. brian: hello, everyone. brian: i'm brian brenberg. jackie: i'm jackie deangelis. madison:i am madison alworth