stuart: 10:00 eastern. we check the money for you. the nasdaq is down 77. modest losses. the important numbers, the yield on the 10 year treasury going up 486, close to 5%. price of oil, any expansion of the war in the middle east going up now. you are up a point and 1/2, $88 a barrel. bitcoin, not much, cryptos, wednesday morning, how the markets are doing, now this. 4:00 eastern time president biden steps out of air force one to begin his brief visit to israel, the trip being derailed by the explosion of a hospital in gaza.

the leaders of jordan, egypt and the palestinian authority, he did meet with prime minister benjamin netanyahu. the president's demeanor, he looked tired, was not forceful, was not robust, the two leaders heart leave made eye contact, netanyahu said hamas must be deleted, not the same as saying they must be crushed, lightening up a little there. president biden said israel does not appear to be behind the hospital explosion. based on what i see, the other team, not you, and other people not sure. despite evidence from israel that suggests the explosion was islamic jihad rocket fired at israel, despite that the arab world not buying it. one goal was to prevent a wider war. that goal is at risk, the iranian proxy hezbollah has announced the day of unprecedented anger, there's

been a drone attack on a base in a rack, a general strike on the west bank and a lot of unrest, violent demonstrations across the middle east. the president and his staff went into a closed-door meeting with israel's war cabinet. biden's team wants to know netanyahu's plan for gaza and the border crossing and the military plan if iran's proxies attack on a second or third for run to. in a few hours the president will leave. he will come back to what i call a fifth column in his own party, the pro-terrorist left. rashida tlaib blamed is release for the hospital blasts saying israel just bombed a hospital. anti-semitism is alive and well in the democrat party and the united states congress. second hour of varney just warming up.

fortunately, lose peak joins us this wednesday morning and has an op-ed. biden's missteps in the least could cost him the white house just like jimmy carter. this is one more presidency appended at least in part by the model ofs. >> there are other things the administration have done that are very foolish, jake sullivan smugly asserted the middle east was quieter than it has been in two years. really bad planning. hiring robert malley, a pro-iranian diplomat to be our envoy to iran, incredible and having open borders so who knows what kinds of terrorists might be coming across the border. there's been people on the watchlist, the big issue is

certainly iran. since biden became president there have been 80 attacks like the one you mentioned earlier. our us forces in the middle east, they have gone unanswered. the biden administration like the obama team are so intent on reviving a nuclear deal which obama didn't have enough confidence in to present to the american congress for an up or down vote, now it's even worse because they are closer to getting nuclear weapons. this has been appeasement. of paris one is focused on the $6 billion freed up in the hostage exchange deal. maybe that is right, a big problem of what we unfrozen that money. more important is turning a blind eye to sanctions not being enforced in iran, increasing exports of oil that are going to china. it is cheap oil from iran and

russia because of our sanctions and giving them 40 to $50 billion extra per year to foment all this activity in the middle east. i will reserve judgment whether it was wise for president biden to go to the middle east, to be in israel where he is the personification of what israel is about to do in gaza be key his he is there advising on netanyahu want what he should or shouldn't do and now american embassies are becoming centers of protests and so forth, this is a questionable move. stuart: thank you very much. we just received at the 2-minute warning that the president is about to appear and make remarks at the podium in israel. his second remark since he met prime minister netanyahu earlier, meeting with the israeli war cabinet.

just received word the us issued a do not travel advisory for lebanon. lauren: he will be standing in gaza. fears protests erupted after that, blaming israel for the blast, they set fire to the embassy. and the security situation, hezbollah calling for unprecedented day of anger. stuart: it looks like the situation is right for expansion from the unrest and the fighting to a northern part of it. let's listen in police. >> president biden: you are not alone. as long as the united states stands, we will stand forever, never let you be alone.

most importantly, i know the terrorist assault on the people of this nation has left a deep, deep wound. more than 1300 innocent israelis killed including 31 american citizens by the terrorist group hamas. hundreds of young people at a music festival, the festival was for peace, gunned down as they ran for their lives. scores of innocents, israelis and americans taken hostage, children slaughtered, babies slaughtered, entire families massacred, rape, beheadings, bodies burned alive. hamas committed atrocities that recall the worst ravages of isis, pure unadulterated evil. there is no rationalizing it,

no excusing it, period. the brutality we saw would cut deep anywhere in the world, but it cuts deeper here in israel. october 7th, a sacred jewish holiday, became the deadliest day for the jewish people since the holocaust, brought to the surface painful memories, scars left by anti-semitism and genocide of the jewish people. the world watched then and the world did nothing. we will not stand by and do nothing again, not today, not tomorrow, not ever. those living in limbo need to learn the fate of a loved one, especially families of the hostages, you are not alone. we are working with partners throughout the region, pursuing every avenue to bring home those captured by hamas.

i can't speak about all the details but for me, as the american president there is no higher priority than releasing safe return, all these hostages. those grieving a child, parent, spouse, sibling, friend, i know it is like a black hole, you feel you you are being sucked into it. survivors in wars, anger, but questions of faith in your soul, staring at an empty chair, first sabbath without them, but every day things, small things you miss most, the scent when you open the closet door, morning coffee, the smile, the perfect picture of a laugh, a little boy, a baby. for those who lost loved ones, this is what i know. they will never be truly gone. something that is never fully

lost, your love for them and their love for you. i promise you, walking along some days, what would she or he want me to do, smile when you passé place that reminds you of it. that is when you know when the smile comes from true, letting you know you will make it. that will give you the fortitude to find late in the darkest hours. terrorists believe they could bring down, bring you down, bend your will, break your resolve but they never did and they never will. we saw stories of heroism, courage, israelis taking care of one another. neighbors opening their homes to shelter survivors, retired soldiers running into danger once again, civilian medics

flying rescue missions and off-duty medics caring for the wounded before becoming a victim. volunteers retrieving bodies of the dead so families can bury their loved ones according to the jewish tradition. reservists leaving behind their families, honeymoons, studies abroad, without hesitation, so much more. the state of israel was born as a safe place for the jewish people of the world. if israel didn't exist we would have to invent it. it may not feel that way today, israel must again be a safe place for the jewish people. i promise you we will do everything in our power to make sure it will be. 75 years ago, 11 minutes after its founding, president harry s

truman became the first nation to recognize israel. we stood by your side ever since and we stand by your side now. my administration in close touch with your leadership from the first moments of this attack, we will make sure we have what you need to defend your nation. for decades we have insured israel's qualified military edge and later this week we will ask the congress for unprecedented support package for israel's defense. we will keep iron dome fully surprised, to continue standing over israeli skies saving israeli lives. we use military assets for the uss ford carrier strike group in the mediterranean with the eisenhower on the way to deter further aggression and prevent

this conflict from spreading. israel is stronger than ever. my message to any state, and a hostile act or thinking about attacking israel remains the same as it was a week ago. don't. don't. don't. since this terrorist attack took place, we've seen it described as israel's 9/11. for a nation the size of israel, 159/11s. the scale may be different but i am sure those horrors tapped into a primal feeling like it did in the united states. shock, pain, rage, all-consuming rage. many americans understand you can't look at what has happened here to mothers, fathers, grandparents, sons, daughters,

children, babies and not scream out for justice. justice must be done. don't be consumed by it. after 9/11 we were enraged, we also made mistakes. the first us president to visit israel in a time of war. i made wartime decisions which i know the choices are never clear or easy for leadership. there is always cost budget requires being deliberate. requires asking hard questions. requires clarity about the objective was and honest assessment of whether the path you are on will achieve those objectives. the vast majority of palestinians are not hamas which hamas does not represent the palestinian people.

hamas uses innocent families in gaza as human shields, put in their command centers, their weapons, communications, residential areas. palestinian people are suffering greatly as well and mourn the loss of innocent palestinian lives. i was outraged by the enormous loss of life in the hospital in gaza. based on the information we have seen it was the result of errant rocket fired by a terrorist group from gaza. the united states unequivocally stands with the protection of civilian life during conflict, and i truly grieve for the families killed or wounded by this tragedy. the people of gaza need food, medicine, shelter. i asked the is really cabinet, to agree to humanitarian assistance.

and civilians, not to humanitarian assistance. let me be clear. if hamas diverts or steals the assistance they will have demonstrated they have no concern for the welfare of the palestinian people. it will end as a practical matter, stop the international community from being able to provide this. working in close cooperation, the united nations and its agencies to get trucks moving across the border as soon possible, separately, i ask israel for the global community to demand them to visit hostages. i just demanded that the united states just demand and fully supports, today i am also

announcing one hundred million dollars in us in us funding for humanitarian assistance both gaza and the west bank. this money will support one million displaced palestinians including emergency needs in gaza. you are a jewish state but also a democracy. like the united states, you don't live by the rules of terrorists. you live by the rule of law. when conflicts fair, you live by the rule of wars which sets us apart from the terrorists. we believe in the dignity of every human life. israeli, palestinian, arab, jew, muslim, christian, every one. can't give up what makes you who you are. if you give that up, the terrorists win. we can never let them win. israel is a triumph of faith

and resolve and resilience over impossible pain and loss. think about october 7th, the jewish holiday, you read about the death of moses, a tragic story of loss to an entire nation. of death that could have left a helpless hopelessness in the hearts of the entire nation lodz though moses died, his lessons have lived on for generations of the jewish people and to many others. your loved ones will live on as well. after reading the story of moses's death, those who observe the holiday begin reading the torah from the beginning, story of creation reminds us of two things, first, when we get knocked down, we get back up again and we begin a new. when faced with tragedy and loss we must go back to the beginning and remember who we are.

we are all human beings created in the image of god with dignity, humanity and purpose. in the darkness, what we are about, you inspire hope and light for so many around the world. that's what the terrorists seek to destroy because they live in darkness. but not you, not israel. nations of conscious like the united states and israel are not measured solely by example but the power of our example. must keep pursuing peace, a path so that israel and the palestinian people can both live safely, insecurity, dignity and peace. that means a two state solution. must keep working for israel's greater integration with its

neighbors, these attacks only strengthen my determination and will to get that done. i am here to tell you the terrorists will not win. freedom will win. let me end where i began. israel, you are not alone. the united states stands with you. i told the story and i will tell it again. my first meeting with an israeli primus or 50 years ago as a young senator at a desk in the office and she had a guy who later became prime minister sitting next to me just before the 1973 yom kippur war and she flipped the maps up and down telling me how bad things were. she looked at me and said would you like a photograph? i looked at her, she got off of her desk and walked out of that hallway, walked down the

hallway and a bunch of photographers standing in front of us standing shoulder to shoulder. without looking at me she said why do you look so worried? and i said worried? of course i am worried. she looked at me and she said don't worry, we israelis have a secret weapon. we have nowhere else to ago. today i say to all of israel united states isn't going anywhere either. we will stand with you, walk beside you on those dark days and the good days to come and they will come. as you say in hebrew which i will not attempt to do because i am such a terrible linguist, i will say it in english, the people of israel live. the people of israel live.

israel will be safe, secure, democratic jewish state, today, tomorrow, forever. may god protect those who work for peace, god save those who are still in harm's way. thank you very much. stuart: the president not taking questions from the floor. what he just did was heartfelt support for israel. he pledged israel will get what they need to protect the nation, asked congress for a new big aid package and ask israel to agree to deliver aid to the people of gaza. he will demand the red cross gets to see the hostages and put one hundred million dollars in aid to gaza and west bank citizens. he said he supports are two state solution. he drew a redline, outside powers, don't attack israel. liz peek, will that convince

uranian's not to attack? >> i'm not sure that will convince the uranian's. i think he was speaking as much as anyone to the u.s. congress because he is going to be asking them for a big package of arms but that will be tied inevitably to aid ukraine. that is what republicans want to do. it is a tough sell. he has to convince americans this is our fight, not just israel's fight. he made a good pitch, diplomatically i'm not sure he is achieved much except for is this, it seems they will open that border between gaza and egypt and that is a big deal because that's the single thing he could have convinced israel to do. he will not convince benjamin netanyahu not to root out terrorists. he has to do that politically for israel. netanyahu pledged that he will do that but getting some aid

and getting some people out is critical. that was a win. stuart: that was the one deliverable. thanks very much. we are joined by congresswoman nicole malliotakis -- malliotakis. you watched that speech, do you think it was strong enough to the terror the uranian this? >> it was strong, the president's presidents means a lot to israel, this is a time republicans and democrats have to unite, support our ally in the face of terrorism, we have to recognize also the security of israel means our security as well. i'm happy to see he's doing what he can to contain it but you can't turn a blind eye to the fact that iran is stronger today because of the concessions and appeasement of this administration. there was an opportunity to prevent this attack.

iran is richer because of oil sanctions, waivers provided by this administration. we can never forget that but going forward i hope republicans and democrats will stand together, support our ally and recognize this is a critical time not just for them but the free world and the united states of america safety and security. stuart: i will change the subject for a moment. the second vote to nominate a speaker begins in an hour's time. this constant infighting hurting the republican party. do you folks understand the frustration being felt outside congress about the chaos in the house of representatives? >> i am just as frustrated. i was happy with speaker mccarthy. there was no reason for him to be removed. it is a travesty the 8 republicans sided with democrats to remove him. steve scalise got the most

votes, i was happy to support him, he was a good man, good leader, would have been a great speaker and jim jordan failing to secure the speakership as well. i am frustrated my colleagues are not seeing the bigger picture that's less about an individual speaker but more about protecting our conference, congress as an institution, and the country in this dire time. we have american hostages and this is the game people are playing. i would have been happy with any of those speakers. stuart: it will be the democrats who elect the next speaker, that's a catastrophe for the gop in the house. >> absolutely. there is no movement to elect speaker jeffries but the reality is those right wing fringe individuals who voted with all the democrats to remove a speaker 97% of our

conference supported was the wrong thing. i want to see the bickering end. we have to recognize israel is at war. we need to support, we need to pass a package to support israel. we can't do that if we don't have a speaker. let's recognize bigger problems in the world than people's individual personal feelings. stuart: thank you for joining us, difficult day but thank you for being here. we better turn our attention to the markets, we've got a downside move, nasdaq is down 60 points. i'm watching two numbers, the price of oil and the 10 year treasury yield, that indicates where this is going in the released and where the market is going, oil is up 87. >> stocks hate uncertainty. wars and crises create uncertainty in the aftermath of president biden's speech but

they are still uncertain. we don't know what happens next. has he deterred other parties from getting involved in this conflict. here's the thing to take note of. davis looked at the crises of the last hundred years. immediate aftermath, stocks down 7% but 18 weeks later stocks are higher. it is $100 a barrel. inflation is rearing its ugly head. stuart: the president said when referring to outside powers, might get involved in the fight and he said don't, don't, don't, that was his version of a redline directed at iran. do the uranian does believe he will take action if they cross the redline? we don't know. >> i don't but they are taking this seriously. president biden should have

started with that in mind, let's be forceful. i need a commander-in-chief, not a counselor in chief. that will tell us what the market and the rest of the world expects to unfold next. stuart: a new report says one more, more than a billion dollars in taxpayer funds was sent to a un group that allegedly has ties to hamas. what is congress going to do to stop the flow of money getting into the hands of terrorists? >> calling for the president to stop all aid to the palestinian people because under president biden, aid to the palestinians picked up under donald trump. it was paused. a new report from open the box found that under biden, 1 billion has been handed over in aid to the palestinians, but if

it fell into the wrong hands, antony blinken was asked in may of 2,020 one how they can guarantee that aid given to gaza would not help hamas. blinken said there is no guarantees. we will do what we can to ensure this assistance reaches the people who need it most. a group that's now accused of watchdog groups of helping hamas to store weapons. you have measures in place, given to the un is not going to the wrong place, the state department takes advantage of the oversight role. there are stringent policies in place to uphold neutrality and prevent programs from benefiting terrorists but republicans on capitol hill lashing out that more aid to gaza could beyond the table.

>> this is how naïve the biden administration is. hamas is a terrorist organization. they control gaza. israel, our closest ally in the middle east is at war with hamas. they should receive no resources that would help them as long as this war is going on. you are aiding a terrorist organization. >> reporter: democrats on capitol hill are pushing for this aid to go through. more aid to gaza to help the palestinian people that are caught in the throes of this war with israel. stuart: thank you, take a look at this. the moral deficiencies of liberal education. op-ed in the new york times blames university leaders and faculty for failing to educate our students on anti-semitism or educate them at all frankly. we are all over this, believe me.

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stuart: the market selling off a little. down 150 on the dow industrials, a former national security council official joins me now. they president tried to lay down a redline, don't, don't, don't. my question, will the iranians believe he is capable of enforcing that redline? >> it is don't, don't, don't, and if you are looking at the situation you are looking at

the press board, this is the day that he allowed the missile embargo to lift. over the last few months, doing other things in the region to ignore air randian reports, potentially iran backed militias hitting us bases with joan strikes, iran is testing him at if you look at the response, it's a bifurcated policy, if you get more involved in what you created maybe we will think about doing something to you but for now, back off, you can have tens of billions of dollars, your oil can flow to china and allow restrictions to expire. what's the message they are getting? are we in an appeasement pastor or a deterrence posture? stuart: what should the posture be?

reimpose oil sanctions iranians? come right out and say? >> first thing, iran is accountable here, iran is complicit. he has not said we are locking down not just the $6 billion in qatar but the $10 billion sitting in oman as well. he didn't say we will crack down on the oil sanctions and stop the flow of oil to china. he's trying to separate iran, two policies that contradict themselves, giving a green light to go after hamas but in the same speech says go slow, think about it, open the floodgates, to subsidize hamas. a lot of mixed messages, it shows and administration struggling to make its policy,

what was caused by that policy? i am out of time. time is pressing. thanks for being with us. thanks for seeing us again soon. check those markets, down one hundred 70 on the dow industrials, down one hundred 26 on the nasdaq. let me interpret this, we had the president speaker earlier this morning from israel, a forceful speech in defense of israel but not laying down redline through the irani and his. at that point the market started to come down and we are now down half a percentage point on the nasdaq. plenty of reading after that speech. some stock picks, this is the bright side of the coin, this is what you should be buying is supposed what you are selling, what if you got to start with? >> we want to head out the market risk. healthcare is one of the worst performers, you want to play

the downside with pfizer and modernity and declining sales, we went from 7%, now they expect 17%. stuart: buying these two? >> consider selling or sell them short. at the same time buddies in the healthcare space performing well, the success of their weight loss drugs which only 1% of the population prescribed going to 10%. i'm big on it because people are not big on discipline, the hard work that it takes, that's a bold stance. it is easier to address the core issue. you play pivots in the market, long-term trends. the one that's turning against us is covid vaccines and the weight loss drug. the covid vaccinemakers, you hedge out the risk for the

market with potential to win. stuart: we've had this argument before. lauren was suggesting we are eating less because -- neil: i wasn't suggesting. management said make the food or see what consumers are buying at the checkout. >> you are not seeing this. one% of the population has the prescription drugs, that's not impacting sales of pepsi. it will only be 7% to 10% of the us population. the counterbalances the amount of marijuana that balances out the decrease in food sales. stuart: thank you very much. interesting story. despite rising prices and

higher interest rates, gerri willis has this story, does that mean we are not saving her anything? >> the huge pillow of cash, and now they are not replenishing those things. september retail sales, it is higher for the sixth straight month. inflation rose 3.7% in september, they are closing on 8%. we see some worries here, they listen.

>> despite these stiff head winds we are seeing from still elevated cost of living, interest rates rising and things like student loan stirring up again. >> economists responded to the retail sales news by increasing outlook for economic growth, goldman sachs raising its gdp estimate to 4. 0%. that would be the fastest growth in two years but there could be a hangover. savings rate slowing according to the retirement systems, the us received a c plus based on social security and 401(k)s. the economist we just spoke to start early evidence that some consumers especially those earning $100 a year or more are starting to pull back on spending. i want to say one thing to you that you will agree with me, you can't expect consumers to

make the rational choice. of clouds are on the horizon, a lot of consumers keep spending. stuart: that is how the human being works. you agree with that? >> i do. consumers don't have anything left to spend, credit card rates, 40 years and under doubled since the fed started raising rates. we see higher interest rates, people getting behind credit card payments, this is not a recipe for long-term economic growth, it's not sustainable. you can't spend money thinking if there's a check in the checkbook there's money in the account. the consumer is going to face that but take the rain down. we have a way of through the rest of the economy. stuart: the summer of love

1967. >> i was putting on my knit booties. stuart: let's get serious and tease what we have coming up, us forces intercepted two drones targeting a base interact housing american soldiers. is the war already wiping. we speak to a junior about anti-semitism on campus. ♪

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stuart: pro-palestinian protests hitting college campuses nationwide. vice president harris spoke to students, did she speak to students? >> reporter: the vice president didn't speak specifically about the protests but a pro-palestinian student did confront her but the question

more broadly about the war. the vice president answered cautiously. >> i believe that israelis and palestinians both deserve peace, deserve self-determination, and deserve safety. it is important to recognize the distinction between a terrorist organization, hamas, and the palestinian people and civilians. >> reporter: since the hamas terrorist attacks, students on campuses across the country have held pro-palestinian protests. there are reports that more billionaires are threatening to cut off donations to ivy league schools if they don't do more to fight anti-semitism and the law firm davis polk is pulling job offers over there statement about israel. the firm tells us the views express certain statements i

lost will student organizations are in direct contravention of the firm's value system. to maintain a supportive and exclusive work environment student leaders, they are no longer welcome in our firm and offers of employment have been rescinded. some are facing consequences of words and actions as it surrounds this war in the middle east. two female students were caught on camera tearing down posters of israel he child hostages. at columbia, they are charged for attacking a jewish classmate with a broomstick. look at this op-ed in the new york times, the moral deficiencies of a liberal education. a junior at tough university joining me now. we've seen groups on college campuses praising hamas. is that the problem with

liberal education in america, is that what we are saying? >> that's one of the things we are seeing. it's a failure of school administrations with moral clarity that it deserves. in the ivy leagues they failed to condemn hamas as anti-semitic terrorist, that gives the green light to students who support hamas in some way. that tells you what is right or wrong. it is a terrible, terrible thing. stuart: it is terrible and we have a poll that shows 52% of students on us campuses blame the attacks on hamas. they blame the university leadership, who do you hold accountable for rampant anti-semitism.

>> responsibility falls to school administrators, there will always be anti-israel students on campus. it's an unfortunate fact jewish students have known about and have to deal with but they can come down on these issues and make a proactive statement, do not stand with the terrorists or hamas. regardless what their position is on the broader issue, recent attacks seem like an easy thing. stuart: is it personal with you? have you come across nasty anti-semitic attacks on you? >> i have been fairly lucky to avoid it. the issue is personal for me. i have family and friends in israel. my brother is there right now. certainly they shouted down events i have been to, recently

praised hamas attacks calling them creative which they caught flak for. i have been lucky personally. stuart: you see no sign of things improving in the future. >> not unless college administrations put their foot down and say not only are we going to be condemning hamas but also condemning students who support them, much as they would've students decided to have a large pro-russia rally. stuart: thanks for joining us, we appreciate it. come back soon. check the market. the market has headed south since the president made a speech 45 minute ago, the dow is up 200, nasdaq up one hundred 39. key indicator, check the 10 year treasury yield. it is still going up. now you are up 490 one. a significant increase. check the 2 year treasury

yield, that too moving higher, 522. the price of oil $88 a barrel. golden indicator, tension around the world. you don't get much of the show but thanks for being with us. martha maccallum, who is winning the public relations war surrounding the hospital blast? david webb on the house speaker vote. it doesn't look good. the 11:00 hour is next. ♪ ♪

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>> 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. we have seen, i think, a delay that ultimately hurt the ability of the israelis to do what they need to do in gaza. >> iran flipped the switch. nay flipped the switch everywhere including embassies around the world. it shows the power t