tv Varney Company FOX Business October 19, 2023 9:00am-10:00am EDT
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there is a shutdown. the real concern is if you cross that debt ceiling limit. that's when all of our treasuries get downgraded, and that's unacceptable. but to date, markets haven't really priced in the chaos -- >> well, and it's because -- maria: kevin mccarthy for patrick mchenry, is that what they did? >> it's embarrassing. republicans were sent to the house to govern as a majority. right now they're demonstrating that they want to be a minority party and you know what? voters might just give that to them next november. maria: wow. it's been great talking to you guys this morning. thank you so much. great show. see you again tomorrow, everybody. have a good with rest of the day. we will keep watching these markets. "varney & company" picks it up now. stu, take the it away. stuart: good morning, everyone. since the president left israel, the situation on the ground has deteriorated. in south remember monoisraeli forces are responding to anti-tank missiles fired into
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israel by hezbollah, iran's proxy. in the west bank, the idf has arrested 63 hamas operatives. in syria, a drone attack on an oil facility housing american troops and a nearby u.s. base. there is now fighting on three fronts. back home an emotional peach by democrat congresswoman rashida tlaib. she says biden's support for israel is, quote, your genocide. the president clearly leads a divided party. he addresses the nation at 8 p.m. tonight. to the markets. now, here is the number to watch. the yield on the 10-year treasury, closing in on 5%. right now we're at 4.93. the 2-year treasury moving to 5.25%, you're actually at 5.21 right now. stock investors do not like these the rising yields. as for the dow industrials, going to open fractionally higher, s&p up 8, nasdaq may be gaining 60 points. some green there.
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here's another important9 number, the price of oil. war in the mideast has pushed it close to $90 a barrel, $87.38 at the moment. that's an inflation threat. but gas, uh-oh, continues to fall. regular averages $3.56, diesel unchanged, $4.46. politics, they'll try again today to elect a speaker. it does not look likely that jim jordan will get the votes. in despare, the gop -- despair, the gop is casting about everybody. the latest possibility, ken tryst patrick mchenry. we'll dell of into two stocks, netflix -- man, is that thing on a tear? they signed up 9 million new subscribers, up $50. tesla, i'm afraid, going the other way. they cut prices and that really hurt their profit. down nearly $15. and we'll look at a world where your savings earn 5%. good for seniors. and is a world where you pay 8% on your mortgage, not good for
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youngsters. another big day. thursday, october 19th, 2023, "varney & company" is about to begin. ♪ ♪ stuart: all right, let's get right to it. president biden will address the nation from the oval office tonight. he'll discuss both the war on israel and russia's war on ukraine. good morning, lauren, the latest. lauren: morning. the president is expected the request request $100 billion in aid for israel, ukraine and other crises. yesterday he pledged $100 million in humanitarian aid for gaza and the west bank. he said egypt and israel will allow the supplies to move in, that's the contract. that's good. that's humanitarian. the war is many day 12. more than 4800 killed on both sides including 30 americans. israel says there are now 203 hostages in the gaza strip, that number has gone up. 3 americans unaccounted for. --
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13 americans unaccount for. hundreds of americans are canning the state department for help getting out. israel says they've arrested more than 60 to known operatives of hamas in the west bank area, the pentagon confirming drone attacks on u.s. forces in both iraq and syria. the navy sending a third warship to the region, the uss mount whitneywill join the carrier strike groups, and here at home, look at these images. at least 300 protesters were arrested at this rally on capitol hill yesterday chanting things like ceasefire now. they got inside the capitol rotunda where protests are not allowed. stuart: that's a full update. thank you very much, lauren. join fox corporation in supporting the israel emergency fund in association with united jewish appeal. just scan the qr cold here or donate at ujafedny.org. todd piro with us today. the president speaks to the nation tonight, but he leads a very divided party. >> and i'm not in the business
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of giving democrats political and electoral advice, but he better get this together if he wants a shot at winning in 2024 because there's even talk that these pro-hamas, let's call them what they are, pro-palestinian factions are not going to vote for president biden. they're going to get their people to not vote. well, a lot of these individuals are in very, very important swing states, so if that happens, he has a huge lek -- electoral problem. this pro-has maas -- a hamas faction of his party is really causing problems for our response, ultimately, at the end of the day. and i wonder what the chuck schumers of the world, obviously, a very pro-israel member of congress, thinks about this and how he is going to get the president to bring these groups together. if you hear the language of people like a shed do tlaib -- rashida tlaib, i doubt he can ultimately bring those factions together, and is that is definitely something to watch next year. stuart: yes, it is. i've got a poll, brand new poll,
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and it was the taken after hamas attacked israel. look at this. biden's a approval near a new low, you're down to 37%. and that poll was taken after the hamas attack on israel. now, that really surprises me. i thought he'd maybe pick up some ground. >> yeah, i couldn't agree more. i thought he would get a huge bump from israel not necessarily because his responses have been overly presidential, but it's been an o.k. response, so much better than a lot of his foreign policy responses we've seen thus far in his administration. i think the big takeaway is the economy, no matter what's happening in israel, is still number one, has been number one and will continue to be number one. and if he's not rising, that is a huge problem for him because now people associate his economy, bidenomics, with megativity. if. stuart: i think you missed something. i think the public is responding to some degree to biden's demeanor. this is a wartime president, and is he looks tired, he looks a
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little unfocused, and i don't think that goes down well. i'm sorry, go ahead. lauren: maybe they blame him a little bit for weakness on the world stage that has allowed these conflicts. >> i thought about that. i don't know if the average viewer that's taking part in polls associates what we've been talking about with the obama-biden weakness and is appeasement on iran with what we've seen. i don't think they're making that connection en masse. lauren: but do they say if president trump were still president, this would not have happened in the middle east or in ukraine? >> potentially, potentially. but -- and there may be some truth to the way you're view ising it with he does look tired, but i think we have to put this foreign policy response at the top because the others were so horrific. i still think these numbers come down to, at the end of the day, people are not doing well economically, they don't is have any hope for 2024, and he better pay attention to that because that's going to hurt. stuart: there's going to be other polls coming out soon, ask we'll pay attention to it. now this, donald trump called one of biden's decisions
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on israel inappropriate. which decision was that, lauren? lauren: the deal to send that $1000 million in aid to gaza -- $100 million in aid to gaza and the west bank. >> something about the fact that biden is sending $100 million to the palestinians. i think right now it's totally inappropriate. it's is so inappropriate. to be doing that right now, he's over in israel, and he's giving money to the palestinians. i think it's very inappropriate. lauren: yeah. so he's giving support to the palestinians and also that aid could be stolen by hamas. the echo in that sound bite was because the president, the former president was speaking in a hallway on a break from the trial for his civil case -- civil case here in new york. >> we had dr. rebecca grant on, and she said there's no way all 100 million of those dollars are going to go to the people who need it, it will be taken. and there's no way the biden administration can guarantee it will. that's president trump's concern. stuart: let's move on to the markets.
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i see some green, left-hand side of the screen. not much, but a little green. gary kaltbaum with us. gary, we're living in a 5% yield world. does that mean a recession is coming? >> i'm of the opinion that we're on the ledge. i don't know whether it starts a week from now or six months from now, but if we lose the job market, i think eventually that happens, we're going to go into a downturn of unknown quantity. and it's a very simple reason, just too much debt, too much deficits and interest rates going higher which is the cost of capital and oil prices being elevated. that's a one-two punch, very tough to come back. and, again, i think it's just a matter of time. i just don't know when. stuart: would you mind commenting on one specific stock? that's something you don't to normally do, but i want to bring to to everyone's attention netflix. the thing is up $54, 15% on a company that size. what do you make of this? >> well, the company add had not
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been growing, and now they reported 20% earnings growth and 8% sales growth, so the market's now adjusting to better. the biggest issue i have with netflix is they've had inconsistent earnings and revenue growth. in other words, one great quarter, one okay quarter, one bad quarter. if they can get consistent again and start growing in the double digits on the sales front, hi -- i think the stock does well. keep in mind it's just getting back what it lost in the last few weeks but definitely a good start and good to see. stuart: i associate netflix as a technology the stock the these days, not just a media stock, but a technology stock. is this the pointing the way for a better performance by big tech? >> ask me in two weeks when all the earnings come out because i can tell you that there's some good and there's not so good. i can tell you that apple doesn't act so well, but adobe acts great. tesla doesn't act so well, but google acts pretty well. so it's a mixed bag right now.
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and let me just state this for the record, if they ever get the big seven -- and i mean to the downside in a meaningful fashion finish the nasdaq's going to gin the russell 2000 which has been on its knees for a very long time. by the way, most people don't know the russell 2000 is still down 30% from over two years ago. so underneath the surface, there is a lot of weakness besides some of these big megaing georgia-cap names. stuart: there sure is. gary kaltbaum, see you again soon. fed chair jay powell speaks at 12 noon eastern. here's a question, is he going to talk about government spending? lauren: probably not but he should. there are alarm bells in washington about the u.s. debt, $333 trillion plus -- $3 trillion plus. as the fed continues to raise rates, the cost to service that government debt goes up too. it's part of the collateral discharges if you will, of this higher for larger mantra of the fed. former vice chair donald cohen is advising powell, start speaking about this massive
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debt. does he do that? doubtful. i think we're going to hear the same mantra, well, we're going to continue to monitor the data, and the economy is strong, the labor market resilient, so is the consumer. but maybe he needs to give us a little bit more. stuart: maybe so. the fed watchers will be out in force as they usually are. thanks, lauren. check futures this thursday morning, please. dow up about 20, but look at the nasdaq, a 75-point gain at the popinging -- opening bell. coming up, squad member rashida tlaib doubling down. she ignored u.s. intelligence about the gaza hospital and sided with hamas over biden. roll tape. >> president biden, not all of america is with you on this one, and you need to wake up -- [inaudible] all of you, you need to know -- [inaudible] you are on the right side of history. stuart: okay. here's a question for the day, is there room in the democrat
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party rashida tlaib? biden says if hezbollah gets involved, u.s. troops will not get involved, but he's referring now, i think, to boots on the ground. what about firing off our missiles and drones? drone expert brettville coe slip next. ♪ ♪ explore endless design possibilities. to find your personal style.
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overnight they say they killed two senior leaders from the political side of the organization. and we know the airstrikes continue at this hour. we've been with with the israeli military in communities along the border. at one point less than a mile from the gaza strip we could see buildings inside gaza as they were hit by israeli airstrike ises. i do want to give you some breaking news though, stuart. we're getting reports of sirens in the northern part of israel, possibly more rocket attacks from the lebanese militant group hezbollah. earlier today they fired multiple anti-tank guided missiles into northern israel, and the israelis responded from their territory trying to target positions in southern lebanon. it gives you a sense of the back forth that's been taking place. more rocket fire from gaza, more than 7,000 rockets fired into the jewish state since this war began almost two weeks ago. today hamas and islamic jihad firing on tell -- tel aviv once
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again. we are getting new images in right now of a plane carrying cargo for the israeli military that arrived from the united states that does include armored vehicles to replace those damaged in the cross-board or attack two weeks ago. stuart? stuart: got it. trey yingst in the middle of it, thanks very much. president biden says if hezbollah attacks israel, american troops will not get involved. roll tape. >> very blunt with israelis on the need to get humanitarian a aid to gaza or what exactly? >> on everything. [laughter] >> so -- >> no, i was very blunt about the need to support getting humanitarian aid to gaza, get it to gaza and do it quickly. >> biden officials have indicated to israel in recent days that if hezbollah initiates a war against israel, the u.s. military will join the idf in fighting the terrorist group. >> not true.
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stuart: okay. not true, quite clear there. drone expert brett velicovich with me now. i think the president was referring the american boots on the ground. but what about our missiles and drones? surely they would play a major role if hezbollah awe attacks israel. >> i hope so, because i think what he said is ridiculous. that's probably why trey yingst is reporting that fire is coming from the lebanese side, likely from hezbollah, because they're listening to all the words of our president and administration on what they're going to do to stop these guys. it's very dangerous if hezbollah enterses this conflict, very, very dangerous. and even worse if iran does. we need to help the israelis reestablish deterrence. we should do as much as we can in the meantime from the air. that includes providing surveillance, intelligence support to the israelis from drones and other aircraft and especially the fact that, you know, there's potentially u.s. hostages in hamas territory. we need to assist the israelis in gatheringsing as much --
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gathering as a much intelligence as they can against these terrorists. americans need to understand this isn't just a threat to israel, a threat to our own way of life. and iran is using them as a proxy to get to us. some of the hamas fighters during the initial invasion, they even allegedlied had al-qaeda and isis documents on them showing there is influence with our enemies working against us. this is an evil that cannot exist in this world today. and look what hamas dud just in the few days they were able to penetrate israel's defenses. they murdered, rapes, rampaged through homes, methodical and very cold. we have to assist israel in crushing hamas, removing their combat power and destroying, destroying them once and for all so that this doesn't happen again. stuart: overnight the news is drones targeted an hearn base in syria are. -- an american base in syria. were these drones from iran? is iran poking us, the bear? is that what's going on?
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>> it's highly likely. i mean, this is a region that, you know, frankly, you know, has perfected the art of these low cost, precision drone strikes for years as a result of iranian influence. iran's been supplying hezbollah, hamas, all these other terrorist groups with sophisticated drone technology that's meant to inflict maximum targets and especially target u.s. troops. and my fear is it's going to continue. these lethal drone strikes are getting more and more regular as there's this massive proliferation of drones that continue. you've got low cost, highly lethal long distance drones more common place, and it's not just reserved for nation-states with huge government budgets. it's nothing for someone to really get their hands on these lethal drone munitions and these loitering drones. so the u.s. needs to wake up and really understand what's going on here. i don't think we're ready for this, and i think we're going to see more attacks, unfortunately, on our allies, on u.s. bases, on u.s. troops if we don't do something to, you know, stop
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iran from providing the lethal technology to our enemies. stuart: and that's called escalation. brett velicovich, you mow what you're talking about. thanks for being here, see you soon. >> thank you. stuart: the defense department says there has been an increase in risky interactions with chinese planes. how many incidents are we talking about? >> way too many the, stu. let's get to it. department of defense warning of an uptick in coercive and risky interactions with with chinese planes. get this, there's the number on your screen. since the fall of 2021, that's two years ago, everybody, the dod has seen more than 180 incidents, more in the past two years than in the entire decade before that. this includes reckless maneuvers, shut-off flares or approaches too rapidly or too close to u.s. aircraft. one chinese jet, stu, coming within 40 feet from a u.s. aircraft. 0 feet. that's -- 40 feet. that's, like, from here to there. yeah, exactly. all trying to interfere with our force's a ability to be in every
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country. they're trying to test us. stuart: they're all poking the bear, and we're the bear. >> 100%. stuart: thank, todd. check futures, please. a little bit of green, especially for the nasdaq which is up 60 points premarket. the opening bell is next. ♪ there are some things that go better... together. burger and fries... soup and salad. thank you! like your workplace benefits and retirement savings. with voya, considering all your financial choices together... can help you make smarter decisions. for a more confident financial future. hey, a tandem bicycle.
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there's no obligation, just good information. humana - a more human way to healthcare. stuart: the futures now pointing south for the dow but still up for the nasdaq, 57 points. ray wang joins us this morning. i know you cover tesla. they're way down today after yesterday 's report. just define it for us. what was the big problem at tesla? if they're down 6%. >> number one reason, margins are down. 25% to 17.9%. investors don't like that. tesla started the price war, and now they're facing higher interest rates, they've got byd on their butts and, of course, what's happening with the cyber there truck delay, people are afraid elon's not going to deliver the new products in time. stuart: is there a strategy, is tesla's strategy to take market share no matter what? >> you're exactly right. their idea is take market share, get people used to tesla, get
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them into the we cosystem, start charging them for additional services over time and then get them onto the, their model. but the challenge is the fact that they've got better profit margins than the rest of the auto industry, and that's what's e keeping them ahead. but is this a declining demand for evs? that's the question investors are asking. stuart: is this a dip worth buying, in your opinion? >> i think we're going to find out. if interest rates come down, the answer is, yes. if they remain high, the answer is going to be no because there won't be the incentive for purchasing an ev. stuart: are you an a economistsome on the one hand you say this, on the other hand you say that? [laughter] >> i'm a tesla bull. i believe it's going to be around 350. i think it is a kip. stuart: okay. [laughter] quick question, the white house is curbing exports of nvidia's chips to china. how much of a curb on nvidia's business are we talking about? can you quantify it? >> in the short term, it's going to be a small percentage.
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these are the h-1000 and h $800, but these could be a risk especially with china trying to catch up in terms of a.i. chips. it's going to impact invid what probably three quarters or four quarters out, but in the u.s. there's still huge demand for a.i. chips. stuart: are these the chips that cost, what, $40,000 each? did you tell us about that? >> i think there's about 16,000-20,000 each, but they're really important because you need that to do a.i., and they're sitting on the data centers. stuart: got it. ray, appreciate it very much. the market is about to open, probably opening with just a little bit of green. certainly for the nasdaq. as we always say, every single day at this time, we're waiting for the gentleman to stretch forward, put his hand on the button and open -- >> let's go, come on. lauren: there you go. stuart: thank you very much. lauren: using his palm.
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he slammed it. stuart: he started the market with his palm print? lauren: with his palm. normally you would use your finger. >> you need to get stu a telestraiter. stuart: okay, a modest gain, up 3 points. even split. half the dow 30 are up, half of them are down. i'd call that dead flat, frankly. s&p 500, where is that? s it is up -- lauren: dead flat. stuart: dead flat. the nasdaq composite, new, that's going to be down, warn -- guaranteed e? no. [laughter] up one-third of a percent. we're happy, we're excitemented by this kind of thing. lauren: amazon's up 2%. stuart: it is, indeed, thank you. meta is up $4. microsoft, nearly $3 higher. things are looking up for my retirement. >> do you own microsoft or something? stuart: just a tad. [laughter] let's start our coverage with netflix. look at them go. lauren: wow, wow, wow.
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stuart: what was so impressive in their report? lauren: management deserves an emmy. their subscriber add, 8.8 million in the quarter, the most in 3 years. can i remind you that hollywood is on strike and they're able to do that, ask they're not done. they're taking the very gutsy move of increasing prices. if you have the basic plan, it goes up by $2. if you have the premium plan, it goes up by $3. having said all that,ting they are confident that in this quarter they could bring in another near 9 million subscribers. stuart: yeah, but wait a second, wait a second. they got these new subscribers by clamping down on -- lauren: password sharers. stuart: so people who get kicked off bought a new subscription. you can only do that once or twice, so it's not an ongoing thing. lauren: but they're expecting to add another near 9 million in this current quarter too, and they kept the price of that ad-supported tier meant to atrack those people who were sharing passwords, they kept it at the same price.
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>> i see what you're saying, but the key takeaway is they keep raising prices. i remember netflix used to be a cup of coffee per month, i just checked it yesterday, $23 for netflix? extrapolate that over 12 months and next year when they raise and in the future, and in the future -- i'd buy that money to -- that stock if i had the money, but i don't, because i is are netflix. stuart: let's start with a company of which i own a very thin sliver, blackstone. lauren: sorry, down 5%. of world's largest private equity firm warning surging rates are hitting customers and will slow the economy. profit down 12%. deal making, lower e. real estate division, revenue down 88%, and they're raising less new investor money. stuart: my daughter asked for some investment advice, and i said put some money to blackstone. lauren: well, you can get it on
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the cheap. stuart: no, i think we've already are bought this thing, it's down 5%. at&t, they are up this morning 7%. lauren: that kind of quarter. they say their investments in 5g and fiber are paying off a. they raised their target for free cash flow, added more wireless phone subscribers in the quarter than anticipated. all good. stuart: tell me about the airlines, specifically american airlines which is up a point. lauren: i'm prized because this report -- surprised because this report was not good. the stock is up 1.8%. net loss, is and they cut their profit forecast for the year drastically blaming two things, the price of jet fuel and labor deals. remember their deal with the pilots? i mean, that's about $10 billion cost for them over 4 years of the contract. and then they're worried about demand. demand is coming down. there's an industry metric which shows you their pricing power, revenue per seat mile? that, they're forecasting, could fall in the holiday quarter e when everybody goes home for the holidays as much as 7.5%.
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why the stock is up? i'll look into it. stuart: okay. let's go back to tesla. apart from a sharp decline in profit, what else has gone wrong for tesla? lauren: can i say elon musk? he was a buzzkill in this quarter because he comes out and says cars just are not affordability -- affordable. interest rates are too high. they keep cutting the price of cars so you can afford a car. their profitability takes a hit when they do that. their mar individuals came -- margins came in at 17.9% from 25% a year ago. he is dialing back expectations for the next big thing. the rolling billboard for tesla, the cyber truck. it's cool, it's weird looking, we've been waiting for this thing for two years. we have a date. they're going to start deliveries november 30th, so it's right around the corner. but then he comes out and says, welsh it's going to take 18 months for it to be profitable, but he even says elon musk says we dug our own grave when it comes to the cyber truck.
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stuart: that's a buzz withkill. lauren: yes. stuart: his voice was kind of depressing as well. he was not upbeat. the longtime chief executive at costco, he is stepping down january the 1. not affecting the stock much. lauren: do you think the hot dogs will stay? >> what about the samples? these are important questions. [laughter] lauren: okay. this is actually a good story. he's going to step down after the holidays, but the man replacing him is 40 years with the company. the current president and coo, and he started at costco as a forklift driver. >> whoa. lauren: his name is ron -- stuart: yes. lauren: isn't that a good story? no reaction by investors. stuart: one more for you. pfizer's paxlovid, used to treat can covid, the government used to pay for it. is that going to stay? lauren: no. later this year the 5-day course goes to about $14000 from about -- $1400 from about $500.
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so this drastic jump in the price. look, health plans will probably pay less than the list price, so we're not saying that, or you know, if you need paxlovid, you're going to spend $1,390 for your 5-day course of it, but it's going to be more expensive. the other part of the story is who's using paxlovid? pfizer said a few days ago scripts are down 40%. so that's the story. stuart: remember in the pandemic pfizer was in the mid 40s to almost $50 a share? now it's $31 post-covid. got it. nokia. looks like that thing is in real trouble. lauren: finnish company, down 8%. they say the u.s. side of their business, it's challenging, and they don't expect a recovery soon. they are cutting 13,000 jobs. stuart: 25 years ago nokia suddenly became the largest camera rah company in the world. lauren: oh, yeah. i had a nokia smartphone. stuart: don't forget to send in
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your friday feedback. e-mail your questions, comments, critiques, whatever, varneyviewersfox.com. the violence in israel and gaza has led to dozens of pro-palestinian protests on college campuses. i'm going to be joined by a student, and i'll ask her if she feels safe at her school in new york. florida senator marco rubio leading a resolution to deport porters of hamas who are living in the u.s. on foreign visa. the senator is here next. ♪ ♪ (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks?
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>> reporter: stuart, it is. in fact, the progressive congresswomen ilhan omar rashida tlaib both were very quick to condemn the hospital attack in gaza when they thought israel was behind it but were very slow to correct the record thousand that we know the palestinian militant group is the blame with. ilhan omar issuing a clarification late last night, but her post saying israel is guilty is still up and is congresswoman rashida tlaib's boast. tlaib also spreading the lie while at a pro-palestinian rally yesterday. >> -- hi it's okay to bomb a hospital with churn. you know what's to hard sometimes is watching those -- and the people telling the kids, don't cry. i'm, like, let them cry! >> reporter: there are about a dozen house democrats that are supportive of a ceasefire resolution, but that is being
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shot down on the other side of the capitol by senate democrat john fetterman who says now is not the time to talk about a ceasefire and also calling it, quote, disturbing that some of his democratic colleagues would take a terrorist's word when it comes to who to blame for the hospital blast. i asked why they don't hi israel has a right to fight back. why do you think us a reel does not have a right to defend itself? >> it does and it will. >> reporter: why did you call for a ceasefire? >> trying to save lives. >> reporter: do you think that israel does not have a right to defend itself? >> i've never said that. >> reporter: do you think they do? >> everyone has a right to defend themselves, i think that proportionality report ins. >> reporter: and senate majority leader chuck schumer also said that that that ceasefire should be a nonstarter and if hamas terrorists are allowed to exist, he believes they will attack israel again. stuart? stuart: thank you, hillary. senator marco rubio, republican
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from the state of florida, joins me now. mr. senator, rashida tlaib -- this is my opinion -- is pushing hamas lies in congress. what can be done about that, sir? >> well, she's elected. i think the only thing that can be done is for people to vote against her unless she crosses certain lines. the democratic party, the overwhelming majority of democrats do not support the position she's taken, but i think they're reckoning with the fact that because they want with those votes for speaker, helps them have majorities in the past or keep them close now, it's an important and critical part of their base. that element, not just the members, but the voters. they are now reckoning with the fact that in their base of supporters, they have people that are, in essence, at least abetting terrorist groups like hamas by justifying or at a minimum distracting away from the attacks and atrocities they've committed. stuart: mr. senator, you want to cancel visas for hamas supporters who are in the united states. >> yeah. stuart: how do can you identify them?
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do you know who they are? >> well, first of all, they do a pretty good jock of -- job of verifying everybody who showed up at the capitol on january 6th. i'm not claiming you're going to find everybody, but there are plenty of people out there that aren't hiding it. look, it's the law. think about it this way, there is no right to a visa. a visa is a guest pass that we give people from other countries to come here for some purpose, okay? if in that application you put things in there that indicate that you might be a supporter of hamas or hezbollah or any of these groups, they wouldn't let you in, they're not supposed to let you in. what do you do if after they get in, they do those things? if they're not entitled to have as visa a coming in they support these groups, they shouldn't have one once they're here. we come across someone who is out there, and i don't think it would be hard the find a few, who's supporting hamas, parroting hamas' lines and they are foreigners, visitors to this country, they should be removed. i tried to pass this yesterday,
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and we had a democrat come to the floor and object. i don't know if it was on his behalf or on behalf of the democratic caucus. it's ash sured -- absurd. you're a hamas supporter, you're here on a foreign visa, you need to go. stuart: what's your judgment of president biden's visit to israel? >> i thought it was important to show that the united states is on their side. i think as he leaves israel we're facing a new development that is not getting enough attention that, this is the iran-sponsored groups in syria and iraq are substantially stepping up attacks against american forces in iraq and in syria. and i think it's critically important today, if he hasn't done is so already, that the biden administration either say or reit rate to the iranians we're not looking to get into a region regional war, but if our forces are attacked by these troop, we will regard that as an attack by iran against the united states, and we will have no choice but to retaliate as a result of it. i'm very concerned about that. we've seen that development over the last 24 hours, and it seems
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to be ramping up, and it could really begin to spiral. stuart: president biden asked for more military spending. i'm sure the republicans will be onboard with that but are the democrats? >> well, i think everyone's onboard with whatever israel needs. i'm curious and interested to see what the $10 billion is about. the good news is there's a lot of aid to israel already codified. i wail passed a law in 2021 that codified it so we wouldn't have to go true this exercise in congress in an emergency. what i think they'll need assistance with is resupply, and obviously what they're going to need and how much is going to depend on what kind of conflict we're talking about. if it's just the gaza event, that's one thing. if it's something up north or broader, god forbid, it's totally different. stuart: senator unrubio, we covered four subjects in three and a half minutes, i think that's pretty good. thanks for being with us, mr. senator. >> thank you for having me or, stuart. stuart: yes, sir. senate republicans are going after biden's pick for ambassador to israel, jack lew.
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what's the problem? >> yeah. as treasury secretary during the obama administration, jack lew was a top player in the financial aspects of the international agreement with tehran which lifted sanctions on iran. of course, we're talking about the nuclear deal, and that's not sitting well with senate republicans. watch. >> the problem i have is, is it needs to be filled with the right person. the only thing worse than having it empty would be having the wrong person there, and i have some issues in that regard. this whole thing's about iran, and holding hands with iran under the table doesn't work for me. >> the bottom line is this license was issued, it did exactly what you said we're not supposed to do. then you did the road show, you had people in the state department -- and the report found this too, this is not a partisan report. >> we know this individual, whoever they pick, is going to be a swamp creature. we know that. but they couldn't find anybody who was an abashedly pro-israel swatch creature for this position? of all the people that they could have picked, why jack lew
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with these kind of ties to iran? makes no sense. stuart: got it. todd piro, thank you, sir. tonight the president will address the nation. he will outline the support we will give to israel, but he leads a divided party. not all democrats are onboard with his policies. that will be my take, top of the next hour. jim jordan faced another setback for the speakership. he got fewer votes than the first time around, so what happens now? a report on that next. ♪ ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪
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more blue state republicans including new york. i think be a fine speaker. i think we also have to look at something else. we have a majority leader in steve scalise who is not running for speaker again. i've heard, reportedly, kevin mccarthy's not running again. >> reporter: gop iowa representative mariannette miller-meekss says she got death threats, she had supported jordan. miller meeks says she cannot stomach nor support a bully. the wife of don bacon of nebraska got threatening text messages after he opposed jordan. >> we're confident next vote he's going to lose 5-6 more votes. he's going to be going backwards. i support giving patrick mchenry, the speaker pro tem, more responsibilities and authorities. we can give him authorities for budget, the border, ukraine, israel. >> reporter: there is uncreasing talk about empowering the speaker pro tem, patrick mchenry, to act as speaker. mchenry claims he is not interested. he gives jordan a wide berth to
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continue. >> -- jordan is working with the conference. it's a tight tame frame. look, he has the most votes in the conference. we've had two ballots and i think he is in support of the conference, so we're going to keep working. >> reporter: the house has now lack ared a speaker for two and a half weeks. lawmakers are angry they cannot legislate as the house's power disintegrates before their eyes. stuart? stuart: chad, thanks very much, indeed. still ahead, this weak more than a dozen special interest aliens have crossed into peeing -- eagle pass, texas. what's being done about this? i'll ask senator john thune. can the u.s. hand the middle a east, russia and china? in a new poll, biden tops trump by 4 points, but biden's bringing in a ton of money from george soros and other billionaires. brian brenberg as that story. and jason rantz on the growing
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