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tv   Varney Company  FOX Business  October 18, 2023 9:00am-10:00am EDT

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as out because they've been very quiet about that, and i think that should be top of mind for us here as we watch this unfolding. maria: for sure. bob, we haven't talked much about the president's climate change agenda, i wanted to get into the united auto workers' strike as well. you said it's going to be a long time. >> yeah, it's amazing. the president of the uaw was focused on media negotiations, and, of course, this war has completely blanked him out. it's third or fourth, way down on the list right now. maria: joe concha, final word. >> the american media needs to apologize, quite frankly, for blaming israel so quickly around that missile strike on that hospital in gaza without doing anything in terms of verification. there should be a reckoning coming, i have a feeling it won't, maria. maria: i want to thank you all for being here this morning, thank you so much. >> congrats. >> that was fun. we need some champagne. maria: i so appreciate the team, the team on "mornings with
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maria," we will see you soon. "varney & company" picks it up, i'll see you tomorrow. stu, take it away. stuart: congratulations on your 30th anniversary, or maria. maria: thank you, stu. stuart: good morning, everyone. the mideast on the brink of wider war, and the president is struggling to stop it. he arrived in israel at 4 a.m. eastern time. he met prime minister netanyahu looking tired and less than robust. the hospital explosion had derailed the visit, the air a wrap world -- arab world immediately blamed israel. biden said, from what i've seen, it was the other team, not you, but there's a lot of people out there who are not sure. end quote. there is movement to the wider war. u.s. forces foiled a drone attack on a base housing american soldiers. protesters set fire to the american embassy in lebanon. hezbollah has called for a day of unprecedented anger. there's a general strife and unrest in the west bank.
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the president will leave israel in a matter of hours, he'll be on the phone onboard air force one calling the jordanians, the egyptians, the palestinian authority trying to work on the hostages, on gaza and the involvement of iran and its proxies. it's a fast moving story, coverage throughout the the show. minor losses for stocks just like yesterday. profits and interest rates more important to investors than what's going on in the mideast. the dow down maybe 90. the s&p down 23, the nasdaq's down just over 100 points. modest losses. interest rates holding at what i would call elevated levels and actually going a bit higher. the yield on the 10-year treasury 4.85, and look at the 2-year. last time i checked it was 5.19, it is now 5.20. oil, last time the i checked $88 a barrel. now it's $87.77 but rising gradually. gold getting closer to $2,000 an ounce, you're at $1960. but gas, my lord, it's falling
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again, 3.57 for regular. that's to down 30 cents in a month. diesel actually up 1 cent at $4.46. politics. another vote this morning to elect a new peeker. it is chaos -- speaker, and we have no clue as to whether jim jordan has enough votes. what a disgraces. the world's on fire and the house has no speaker. on the show today, hamas supporters in congress, rashida tlaib immediately blames israel for the hospital blast and so does most of the media, accepting the word of hamas. we'll show you the evidence of just who is responsible. plus, the parallels between jimmy carter's struggles with iran and president biden's. there's a long history of the mullahs upending american presidents. when is it going to end? it is wednesday, october 18th, 2023. "varney & company"'s about to begin. ♪ ♪
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stuart: right to it, please. president biden is in israel this morning. he met prime minister netanyahu, but his summit with arab leaders is and his meetings with the palestinian authority all canceled. he wrapped up his meeting with israel's war a cabinet. lauren, what is the latest? lauren: the region is boiling after a blast killed more than 500 at that hospital in gaza. both israel and and hamas are blaming each other. israel released video and an intercepted audio call showing islamic jihad was to blame. the president stood with israel. >> -- outraged by the explosion at the hospital in gaza yesterday. based on what i've seen, it appears as it was -- [inaudible] but there's a lot of people out there there who are not sure. the world's looking. we, israel has a value set that the united states does and other
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democracies. lauren: and that's why the second part of biden's trip to jordan to meet with the arab leaders was canceled. now, the hospital explosion sparked protest in several middle eastern cities. there is a general strike on the west bank, widespread unrest. u.s. embassy in beirut set fire by pro-palestinian rioters. the question today as i see it, what happens next. is the hospital blast a pretext for iran to widen the conflict or for the u.s. to enter it or for israel to change its plan for a ground invasion? stuart: it's a good question, we can't answer it. lauren: what now? stuart: can't answer it yet, but we will. join fox corporation in supporting the united jewish appeal, donate at ujfedny.org. a new quinnipiac poll shows that 85% of voters fear that the war in israel will escalate to a wider conflict in the mideast.
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ben domenech with me now. ben, put it all together, please. fluid situation. i think it looks grim. can the president prevent a wider war? >> well, look, i don't think that joe biden's visit is coming in a way to save anybody. i don't think that it's going to really salvage anything out of the current situation much as i think netanyahu has depended on the support of americans and leans on that american relationship in a lot of different ways, i don't think that what joe biden's mission there is in terms of what he's going to be saying behind the scenes is going to be something that's very welcoming for the leaders of israel. the simple fact is, stuart, we have seen i think a delay that ultimately hurt the ability of the israelis to do what they need to do in gaza and, ultimately, i think this hospital situation is only going to contribute to that. look, i frankly would disagree with the idea that we have any confirmed number of deaths. you're depending on hamas for that number.
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you're depending on the gaza national health ministry which is, unfortunately, the kind of thing that we sew happen again and again -- see happen again and again. and yet those numbers are always things that seem to be revised after the fact, and many few media organizations do the work of revising them. i also think there's very strong visual evidence that this was a rocket that a went off and, frankly, broke up in a way that led to this tragic death. but certainly, you know, these are the kinds of things that happen quite a lot when you're depending on rockets that are being fire by various terror anti-israel organizations from within gaza. look, it's going to be hashed out in the coming days, but it is right now a pretext for canceling meetings that were a lot more important, i think, than the one joe biden is currently having with israeli officials. tour or stuart ben, please stay right there. i want to move to the separate subject of the house meeting on a new speaker. yesterday jim jordan didn't have the rotes -- votes. how many republicans went
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against jordan? lauren: 20. after this first round of votes, jordan is shy of the 217 he needs to take the gavel. he gets another chance today, round two of voting is expected after 11:00. can he close the gap, or is his bid for the speakership on life support? does another candidate have to emerge in order to take care of israel? stuart: let's bring back ben domenech into this. ben, i find it hard to restrain myself. this failure to elect a speaker at a time like this, again, i'm going to use that word, i think it's a disgraces. what say you? >> it is a disgraces, which is one of the reasons i think the timing of it is going to go down as one of the worst experiences for the republican party in years. they have shot themselves in the foot at the worth possible time and, unfortunately, as much as there are a lot of conservatives out there who really like jim jordan, would like to see him become speaker at some point, he didn't are anywhere the time he
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needed to ramp up a race for the speakership s. and a lot of people just assumed steve scalise would be the next in line. now what i think is increasingly likely after today, at least one member has said he's going to put it forward if jordan once again fails as all of us really expect to be able to achieve the speakership, they're going to put forward the idea of empowering the current speaker pro tem, patrick mchenry, probably through the end of the year, just in order to keep the government running and keep the house running to a certain degree. but9 with the understanding that he isn't the long-term speaker, but they can give his position more power to do the things and advance the bills and legislation needed to fund the government, keep the doors open and, frankly, address the numerous problems that they have in front of them around the world at the moment. stuart: will they need the democrats' help to put in the pro tem speaker with more permanent powers? >> that's a big question. i think that it's possible that they get some democrat support for that. that's already been teased by a number of democrats who,
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frankly, are frustrated and want to do something when it comes to israel in particular. so i think they may get it. whether they need it or not is really a question of how much people want this are ridiculous chaos to continue. if they want the chaoses to continue, then i think that they will be opposed to it. if they want to actually have some temporary resolution and just say we're going to, we've got to kick the can on this because nobody can get to the right number, i think you'll see a number of democrats who could potentially vote present, lowering the threshold in order for mchenry to have the kind of powers he needs. stuart: pathetic. ben domenech, thank you very much for joining us. back to the markets, please. modest losses pretty much across the board. dow's down 70, nasdaq's down 1 to 90 -- 100. eddie ghabour's with with us. eddie, if we get a wider war in the mideast, the price of oil will go up. it's already going up. i think the market goes down. is that how you see it? wider war, oil up, stocks down? >> stuart the, i think investors
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need to be prepared for $1000 oil and and a 10-year treasury note over 5%. $100 ill. if this war does escalate and oil does blow through 100, that that's going to be a problem here domestically. so this is the not a time to do nothing in regards to ignoring these are risks. but, look, oil as we've talked about with our clients is an area that it will make money, in our opinion, if the war escalates. and if we get peace, it will go up as well too. so it's an area where you can make money in either scenario. i pray for peace there, but i don't think the probability of that happening anytime soon, or unfortunately, is really high. stuart: at some point this war, this situation, i should say, will have an impact on stocks and eddie, i think it's negative and you do too, correct? >> absolutely. and, look, i hate the bring this up, now the bigger risk, in my opinion, is because we're so vulnerable as a country financially and now we're funding potentially two wars, a
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possible government shutdown, is this the time where china's going to look to make their move. i hope that doesn't happen, but if you're going to do it, you're going to do it when we're at our weakest, and i don't know a time in the last three decades when we've been as vulnerable as we've been. so the risks are real, and it's reckless to ignore them, in my opinion. stuart: eddie ghabour, thank you very much for joining us on a very important day. coming up, aoc stumbled through her explanation of how israel should respond to the hamas. roll tape. >> what is israel supposed to do the about hamas after they murdered, brutalized, abducted over 1,000 of their citizens? are they supposed to just do nothing? >> what is important is for us to identify our goal in terms of what safety means, in terms of defense means. stuart: laugh are bl, in my personal opinion, but we will have more on that. biden is in israel facing a difficult diplomatic mission. what's the republican position on his visit? i'll ask california congressman
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darrell issa next. ♪ ♪ tourists tourists that turn into scientists. tourists photographing thousands of miles of remote coral reefs. that can be analyzed by ai in real time. ♪ so researchers can identify which areas are at risk.
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beyond my comprehension. they're committed evils and atoes -- atrocities that make isis is look somewhat more rational. >> reporter: so because of an explosion at a hospital in gaza, the palestinian leader, the king of jordan and president of egypt canceled a meeting with president biden. the white house says there'll be a phone call later tonight with those leaders. still, president biden now saying the explosion at the hospital not israel's fault based on u.s. defense department data and pledged support is. >> and i want to say to the people of israel, their courage, their commitment, their bravery is stunning. it's really stunning. i'm proud to be here. >> reporter: the president also gathering with israeli's war cabinet telling them the u.s. will work towards three goals. >> the united states stands with you in defense of this that freedom and pursuit of that a
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justice and in support of that peace today, tomorrow and always. we promise you. >> reporter: now, as we see these images, russian president vladimir putin in beijing where the chinese reaffirmedded mutual trust and support for russia. the chinese president celebratedded the deepening political and economic ties. china now has record trade and oil purchases with russia under president joe biden's tenure. back to you, stu. stuart: thanks, edward. congressman darrell issa, republican, california, joins us now. you're on the house foreign affairs committee. what is the republican position on biden's israel visit? >> well, stu, doing the right thing after you've done the wrong thing should always be remember as the right -- remembered as the right thing. the president showing solidarity with our ally and saying the right things about the terrible atrocities of hamas, palestinian jihad and even hezbollah, it's a good thing. stuart: a good thing. but the visit has been really
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derailed by the hospital explosion. and blame for it. the outcome is not what the president was hoping for, i suspect. >> well, iran flipped the switch. they flip the switch everywhere including embassies around the world. it shows the power that they have and how emboldened they are by the bad policies of this administration that have let them gain money and gain back the ability to spread terror and to do what they've been doing since 1979. stuart: it looks like a wider war is starting. would you agree with that? >> it's going to get worse before it gets better. the you're going to put the genie back in the bottle, you literally have the take the playbook of ronald reagan and not give an inch on anything when it comes to combating terrorism. you know, remember, ronald reagan sunk iranian ships, warships, in the persian gulf because they tried to deter the
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ability of oil to flow. at the time he was denounced, but in reality it's the only thing that put the genie back in the bottle for a number of years. stuart: would you be comfortable seeing american forces firing shots in anger either in the air or on the ground if there's a second or third front opens against israel? you comfortable with that? >> i want to see our military doing everything it can to allow israel to do what it needs to do and to secure a lebanon that is free of hezbollah. we have to engage in this area. and, stuart, this is one of those times in which many of the things being done, the movement of ships and so on, sends the right message. israel doesn't need our boots on the ground. it does need the protective missileses and rockets, the iron dome support, the support for patriot missiles. it needs that right now more than ever. and, by the way, so does ukraine. and if we're not careful, so will every embassy. stuart: okay. let's turn to the speaker's vote. jim jordan failed to get enough
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vets yesterday.. -- votes yesterday. if you're not careful, congressman, if the republicans are not careful, the democrats will elect a speaker, and they will exact a nasty price. you've got to get this done. >> we've got to get it done, but anytime you get 96% and it's a failing grade, it's a pretty tough one to meet. you know? speaker mccarthy had 96 and got a failing grade. quite candidly, it's over 90% for jim jordan, and it's time for all ofs us to swallow our pride and go with the -- give an a and not give it as a failing grade. we've got a standard that cannot with met by anybody. not even you, stuart, and we love you. we'd love to have you as our speaker, but we have to accept that 90% is a very good grade and move on. and my hope is we'll do it today. i certainly know we're going to move up. if it's not enough, i think jim jordan is somebody who is a
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statewide and a national figure in wrestling, i think he'll go another round. stuart: okay, congressman, we're off the time. we will talk to you again real soon, and that's promise. darrell issa. >> thank you, stuart. stuart: lauren's back with us. seemed to be a lot of tension between steve scalise and jim jordan. lauren: you could say that. there is a daily caller report that jim jordan asked steve scalise to make a speech supporting his bid for the speakership, and scalise reportedly refused. that would make it, if he did refuse, much harder for jim jordan to clinch the 217 votes that he needs. so translation, chaos continues. do want to point out scalise's office says scalise did whip for jordan and did, in fact, flip some members to discover tan's side but -- jordan's ooh side but didn't comment on the speech. stuart: look at futures, please. dow down 60, nasdaq down 100. the opening well is next. ♪ ♪
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stuart: check the markets, premarket trading this is, dow down 30, 40 points and the nasdaq's down 100. shah ghailani joining us now.
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wait a minute, you think the market's going to rally even with all that's going on in the world, right? >> this is certainly an impediment to that happening, but i still think there's a good chance we see seasonal i think take effect, and i think we can rally. market has held up incredibly well, and i think that's a positive. the thing that's holding it back right now is certainly, in my opinion, the bond volatility. that's what's holding the market back. as far as what's happening in the middle east, it seems to have shrugged that off and is now looking at earnings. i think if we get good earnings, the -- i think the market can rally into the fourth quarter. stuart: are all bets off if the war expands to involve iran and the price of oil goes up? i mean, you'll change your forecast at that point, presumably. >> yes, absolutely. and, again, speaking of impediments, the rising price of oil would certainly be a big one. and iran now threatening to boycott and maybe cut production and export of oil is going to be
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a problem. but if the mideast in general blows up, hen i think all bets are off, and this market will likely turn south. stuart: are you buying anything at all? you think the market's favorable towards aally assuming that the mideast doesn't blow up entirely. are you buying anything or or just holding off? >> no long-term commitment, stuart, but certainly buying some short-term positions, trade, if you will, to cap upside moves. i think buying spy, buying some call options and some spreads on the dow, on spy, on some of the -- on the qs, on some of the index, the etf indexes that i think have a chance to go up but certainly not committing any serious capital until we see what happens in the mideast. stuart what key indicator are you looking at more than any other? for me, it's the price of oil and the 10-year treasury yield. how about you? >> definitely 10-year treasury yield, and the other really for me, stuart, is the s&p 500 has support at 4200.
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i think if we get down there, we bounce back higher, then we're fine. if we break through that, all bets are off. stuart: what's it like in the investment community at the moment? you've got this situation in the mideast, yet the market is fairly stable. you talk to other investors and other investment advisors. what are they saying? are they nervous? >> very nervous. and nobody really has a feel, nobody can see over the horizon. everyone is nervous about what's happened in the middle east and also what's happening in the bond market. as the 10-year continues to rise, the yield that gets above 5%, i think that's going to stair a lot to -- scare a lot of investors. bonds obviously look very handsome relative to equities bonds are looking pretty good. and there's a lot of money on the sidelines, and i think of going into -- instead of going into equities, if we get above 5% on the 10-year will go back into fixed million. that's not 30r9ive of equities, but we've got earnings, and i
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think so far so good on the earnings. stuart: okay, you got it. shah ghailani, thanks very much is for joining us. the market has hope opened, and we've opened slightly lower for the dow industrials. look at that level, 33,957, with all that's going on in the world. and we've got about one-third of the dow stocks -- no, less than that, a few dow stocks up, most are down. some red ink -- lauren: and up three days in a row coming into this session. stuart: that's true, yeah. let's have a look at the s&p 500. that has opened. it's down about one-third of 1%, just over that. the nasdaq composite also opening with a more profound loss, that's down two of -- two-thirds of 1%. big tech, where are we now? microsoft, the only winner. alphabet, metaor, apple, amazon on the downed side. and then we have morgan stanley. i know they reported before the bell, i see the stock down. didn't do well, do did they? lauren: down 4.66%. this is the last of the big
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banks to report. their profits fell 9%, less deal making. their revenue from investment banking down a sharper 27%. and here's a big number, they set aside $134 million in provisions for credit losses. that number a year are ago, $35 million. it end -- went up by $100 million in one year's time. stuart: 5% is a big drop for a big bank. that's a fact. procter & gamble, they're up? lauren: prices for items up an average 7. 7%. yet volume with only down 1%. so their margins are really solid at 52%. they have pricing power, the street knows it. stock's up -- stuart: pricing value. you got it, you do okay. winnebago, what's the story? lauren: industry sales are down 17% from last year. that is why winnebago revenue fell 35% in the quarter, and they expect continued pressure
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on the market. not just the consumer buying the rv, but also the retailer reluctant to accept rvs in their inventory because they don't think that they can sell them. stuart: all right. i know that netflix and tesla, they report after the bell this afternoon. lauren: can i say this is when it gets exciting? because you have the big, mega-cap tech companies that a start reporting. netflix, okay. how many subscribers did it add because it started to crack down on password sharers. it is expect to have added 6.1 million. 10% more than last year. total number of subscribers just shy of 239 million. okay, those are big numbers. will we see price hikes? what about content? you have the strike, and even before that is the content weaker? if you look at a nielsen data, they see fewer netflix shows in that top 10 of all streaming titles. so if there's not enough good content de, are you going to sign up for netflix? stuart: fractional loss at this moment.
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how about tesla? lauren: three ps, pricing, profit margin, products. tesla has been cutting prices, that hurts their margins. if you're in the market for a model y, the price is now 25% cheaper than a year ago. so their margins coming way down. maybe just 17%. the street wantses the know, is that the bottom? what about their delivery numbers. they want to deliver 1.8 million vehicles this year. are they on track to do that? the answer is, yes. and when will the cyber truck finally be delivered? that weird looking, rectangular, octagon sort of thing? stuart: what struck me in your report is the price of the model y is down 25% from a year ago? lauren: yeah. stuart: what other product is down 25% in price? not a single one. lauren: i know. they're trying to gain market share. and successfully, i think they've done so especially with the uaw strike. stuart: okay. here's another favorite of ours, nvidia. down 4% yesterday and look at it go down again today.
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i know the problem, but you're going to spell if it out. lauren: u.s. curved on some of nvidia's technology including the two chips that it made specifically for china to abide by previous restrictions on the a.i. chips that we send to them. the government does not want our technology used to advance their military. so nvidia comes out and they say, look, this doesn't meaningfully impact our business, but china is 20-25% of their revenue, and the desperate might be differing and disagreeing with what nvidia has to say. in fact, citigroup cut their price target to 575 a share. granted, it's more than nvidia are's at now, but it was 630. so citigroup disagrees. stuart: united airlines, there's a big drop there, 6. lauren: wow. stuart: has this got anything to do with israel? lauren: israel is and jet fuel. united is out with a weak current quarter front forecast. you're seeing record numbers of people going overseas, so how
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are they forecasting a weak quarter? their flights to tel aviv. flights are suspended. how long? through the end of october, through the end of the year, we don't know. the other problem is jet fuel. if you look at the price of jet fuel, it's the up 11% from the start of last quarter. so jet fuel, israel hurting united. they're not the only airline down, the others are down as well. stuart: that's a -- looking chart, isn't it? i remember seeing ford motor company cut back production of the ford lightning, their ev. i believe gm is doing something similar, tell me. lauren: gm pushed back by a year the conversion of a plant to all electric. this is the factually -- factory that's going to make the big electric trucks like the sierra and silverado. they pushed it to the end of 2025. they're questioning the profitability equation here. they need to align investments that they make with demands that they have. where's the demand? the average price for an ev is
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actually down by $so ,000 -- 10,000 according to one report in the past year. so if the prices are down and the lots are more full, where is the shopper? stuart: demand is short. maybe demand -- people are just not buying evs like we thought they would. that's the bottom line, isn't it? lauren: a miscalculation, and now they're pushing back the conversion of that a factory. stuart: all right. dow industrials, we're now down 100 points. that's just a little bit shy of one-third of 1%. look at the dow winners, if there are a few. procter & gamble doing well well, boeing, unitedhealth, mcdonald's, travelers. the s&p 500, that list is topped by nasdaq inc., state street, procter & gamble, okay. let's move on to the nasdaq. ono big -- no big names there, palo alto networks, lululemon up again because they're joining the s&p 500 -- lauren: today. it's today. stuart: so they're up again.
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now, here's the important numbers the watch for today. the 10-year treasury yield, yeah, going up, 4.87%. the price of gold going up. that tech in the mideast is, that's what gold does. high inflation, tension around the world, gold goes up. just shy of $2,000 an ounce. bitcoin, $28,300. not doing much. oil, this is another key denominator today. moving up, 87.85. nat gas, i believe it's up again, 3.12. the average price for a gallon of regular gas, my goodness me, it's down 2 cents overnight to $3.57. it's down 30 cents in a month. diesel actually up 1 cent. coming up, could biden's missteps in the mud east cost him the -- mideast cost him the white house? liz peek certainly thinks so. she says biden's presidency has so many similarities to the catastrophes of the carter years. the mainstream media quick to blame israel for the hospital
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blast. and an in res lille official predicts u.s. military involvement if iran and hezbollah join the fight alongside hamas. lieutenant general keith kellogg next. ♪ this is american infrastructure.
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stuart: president biden wrap up his meeting with israel's war cabinet. pretty soon, hours if now, he'll be on his way home. trey yingst is on the ground in israel. with biden about to leaf -- leave, the ground invasion expected to begin? >> reporter: yeah, stuart, the highly anticipated ground invasion of gaza will likely begin in the coming hours or or days according to officials that we've talked to. we understand that this visit
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for president biden is quite the juxtaposition if because we are watching as troops behind me are headed toward the border. we saw israeli airstrikes against positions across gaza throughout the day, and meanwhile, the leader of the free world was alongside prime minister benjamin netanyahu in tel aviv not just showing support, but talking about the next steps in this conflict. understanding this could unravel into a much larger regional war. and all of this is complicated by the hospital ec motion that took place -- explosion that took place last night. hundreds of palestinians were there when an explosion occurred. immediately hamas officials inside gaza blamed israelis, later the israelis gave fox news evidence it was an islamicy mad -- jihad rocket. you saw protests and riots in front of the u.s. embassy in beirut, in front of the israeli embassy in to oman, in front of the consulate9 in istanbul.
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and the rhetoric that is being discussed across the region is not good. it's headed in the wrong direction, and we do understand according to israeli media that president biden was here not just to show support, but also to discuss those plans for the future and basically give netanyahu, the prime minister of israel, the green light to move forward with the operations he has planned for gaza. stuart? stuart: trey, you should be winning awards. trey yingst on the ground. thank you, trey. retired general keith kellogg joins me now. general, if a second front threatens to overwhelm the idf, what should our military role be? >> yeah or or stuart, thanks for having me. look, if the northern front opens with hezbollah, that is an iranian surrogate. and iran has their hands all over it. there needs to be a preemption, and what i mean is i'm hoping hat biden administration's reaching out to iran through surrogates and say if you do that, you are now party to this conflict. and the reason we have two
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carrier battle strike groups sitting there, or soon will have two there including the -- [inaudible] ready group, is we can reach out and touch you. it's not by aircraft necessarily, but onboard those two task forces, they're uploaded with guided missile cruisers and guided missile destroyers around 600 attack missiles. those range over 1500 miles. they can reach tehran. they can reach por conuclear facility. we need to tell them, if you're involved, don't do it. and that gives israel a backstop. it allows them to go into gaza and handle hamas. they've done this before, stuart, in 2014. they only lasted about a month, this time they need to go in and clean hamas out. stuart: but, general, the iranians would have to believe that our commander in chief would order that kind of tom hawk missile strike d tomahawk
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missile strike, and they may not believe it. >> yeah, stuart, that's the $64,000 question. do you have the will to do it. you can have the greatest military in the world, but if you haven't got the will to pursue, then you've got a problem. look, i'd remind everybody, 30 americans are dead, over 19 held hostage right now. when, in our last administration when we were there, they killed one american and we took out soleimani. the message was sent we were willing to drop gloves, to use a hockey term. this president does as well, can and he needs to send that message, and he needs to follow it with force. that's -- you have a great concern, so do i. will they really do that if something happens or try to go as well -- we need to mediate, we need to try to let them figure out how to go to a peace agreement. they shouldn't. hamas is a terrorist group. they need to finish them off, clear it out, and it's going to be a tough fight going this in, but it's going to be a fight they have to do. stuart: general, quick response to this one. u.s. defense officials say we down two drones that tried to
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strike a base in iraq that houses american soldiers. is the war, the widening war, has it already started? >> well, we've been at war with basically iran ever since, you know, two decades ago. and we need to understand that. these are the messages, stuart or, we need to send to them: if you kill an american, we are coming for you. and we need to do that, and is we need to president that. so if those drones, which they probably did, came out of iran or iranian you are gates -- surrogates inside rack, then -- iraq, then we need to let them know we're coming for them the, and they have to believe that message. i'm not too sure, unfortunately, they believe that message. and here's why, because they restarted funding, they tried to normalize relations with iran. we backed away from that. they funded the palestinian authority. we took money away from it. remember, there's an act that restricted any money going to the palestinian authority because it's called aid for slayers. we took that money away in the
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last administration, and this administration reinstated that. this normalization of iran and u.s. relations is a huge mistake. iran's a terrorist state. they chant like they did 12 days ago death to america, to israel. remembergold da my year a few years ago said when an opponent says they want to kill you, believe them. we need to believe them. stuart: general keith kellogg, always appreciate it. thank you, sir. >> thanks, stuart. stuart: president biden met with israel's prime minister benjamin yet an ya hue earlier today. i have the make an observation of the president's demeanor. he looked very tired. he was not forceful. he was not robust. the two leaders hard hardly made eye contact. we'll talk about that in my take, top of the next hour. hamas terror attacks fueling concerns about our own border security here. this week 11 more special interest aliens were apprehended in eagle pass. a report from texas next. ♪
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that this week alone 11 more special interest aliens have been ap rehelped at the border in eagle pass, texas. griff jenkins is there. what's happening today? >> reporter: hey, or stu, good morning. as all eyes are overseas in israel, here at the border they continue to come in wave after wave. you can see a group of migrants, stu, more than 100 since we've been out here in the last hour have crossed and are being processed under the bridge. you can see some continue to the make it through the wire, and the majority of these, stu, are from venezuela. fox news just moments ago getting brand new numbers, stu, that in the first 17 days of this fiscal year that began on october 1st, there have been over 108,000 migrant encounters just like this of which, stu, 83,000 have been released. that's a 77% are release rate. the majority of the migrants you're looking at right here on your screen will be released with a notice to appear and then disappear into the country.
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meanwhile, you mentioned those 11 more special interest aliens. they are not released, they are turned over to i.c.e., and they are in this area the 11 are 6 from iran, 3 from lebanon, 1 from china, 1 from saudi arabia. yesterday they had the texas dps, colonel steve mccraw was here seeing this firsthand, and he's worried about what he sees. take a listen to this, staw. >> absolutely, we're always concerned. the people we're talking about seek to destroy us and our way of life. they're very patient and they're persistent. so if they infiltrate between the ports of entry undetected, that increases the threat dramatically. >> reporter: and one last shot, i just want to show you, stu, the unsung heroes of the border patrol that rarely get credit for what they do, they do it almost every day. you see them here saving a man that nearly drowned. he was from honduras. hay got him into an ambulance. he spoke english, i said are you okay, he said they saved my life, or i just want to say
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thank you. this is all a part of what border patrol agents do down here and texas dps officers every single day. lastly, one last number i want to leave you with, stu, the chief of the border patrol yesterday releasing a number that should alarm everybody, and that is in the these first 17 days of the fiscal year there have been more than 18,000 known gotaways. that means they weren't taken into custody. we don't know who they are, where they're from or why they're here. stu, back to you. stuart: got it. thank you, griff. quick check of the markets, please. downside move, red ink. dow's down 100, nasdaq's down 80. the 10-year treasury yield going up, at latest count it was up, still up 4.85 is your number. and the 2-year treasury, way above the 5% level, you're at 5.19, almost 5.20. still ahead, the next speaker vote expected to start in a little over an hour. does new york congresswoman, republicanny e coal malliotakis,
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does she understand the frustration the so many have with the gop? israel and hamas blame each other for the deadly hospital attack. martha maccallum responds to the blame game. the 10:00 hour of "varney & company" is next. ♪ .. at humana, we believe your healthcare should evolve with you, and part of that evolution means choosing the right medicare plan for you. humana can help. hi, my name is sam davis and i'm going to tell you about medicare advantage prescription drug plans that can provide more coverage than
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