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ashley: good morning, everyone. it is 10:00 eastern. i'm ashley webster in for stuart varney. let's get to your money. the major exchanges down today, the s&p is down, the nasdaq down 0. 4%, nothing too dreadful but on the downside. 10 year treasury yield, briefly went past 5%, 7.5 basis points, 4.92%. still extremely high. as for oil, it is heading higher up 1%, $90.19 a barrel following the develop into the middle east, that will have a big impact on crude prices. let's look at bitcoin. it is $1000, twenty nine thousand six hundred sixty five. that's a quick look at the markets. now this.

president biden spoke about the war on israel and russia's more on ukraine last night. roll tape. >> president biden: they share this in common. both want to completely annihilate a neighboring democracy. you cannot like tyrants like vladimir putin win. ashley: it was 15 minutes long, tammy bruce joins us this morning. a lot of people say he was all over the place, very disjointed, what did you make of it? >> it's disturbing that iran doesn't play a factor for president biden, issues regarding the hostages, the nature of what is underlined, the dynamic, hamas, it is hamas and hezbollah and iran. interesting triage he's trying to create that would explain the desire to combine this, the money for ukraine and israel. this is the gameplay, the

billions that have gone to ukraine versus us needing to deal with an immediate shocking dynamic of terrorists attacking israel. they are democracy but this is an attack on civilization. in order to deal with is that you've got to deal with iran. that the heart of what came to terrorism in the middle east. ashley: people talk about peace through strength. what do you think our standing is on the world stage? >> it's obvious we don't exist. the world is melting down. it is ironic they said trump is going to cause a world war, we are in the process of are melting down here, not just the middle east. it's russia and ukraine, china and what they will do with taiwan. everyone knows all the bad actors know they have maybe a year. fat boy in north korea, giving weapons over to russia. every bad actor in the world

having a field day which started with afghanistan and that withdrawal and the chaos that was displayed to the world that america was done at least as long as president biden's president. they were afraid of donald trump for good reason, donald trump stood up to iran. they knew he was serious. we got al-baghdadii. he was able to frighten the world's worst actors and that's what america has got to be able to do, show that kind of strength. it means you don't have to deal with this kind of stuff. it here we are in a collapse and it is because of president biden and the weakness he projects. stuart: you have a new piece out about the media's coverage of hamas, what do you make of it so far? tammy:this has been discussed. what americans have to worry about is not that they got something wrong, this initial

instinct to believe a terrorist group's assertion, the gaza health ministry said this was israel attacking a hospital. that's hamas. they are terrorists and yet you wonder why wouldn't you believe a group that cuts the head off of babies. they can be believed, they are trustworthy. this is a remarkable statement about their initial instinct and desire of confirmation bias that it was too good to check. if they just waited a few hours they would have had israel and our assessments about what occurred there. it made no sense and the lack of responsibility with all these headlines, riots emerged in multiple countries. other world leaders gave them an alibi to say that it was israel. completely putting the world at risk, the entire world at risk because of that, it was too convenient, it was false and

the american legacy media played a role in that. they not only have to retract but everyone is owed an apology but it was dramatically dangerous. ashley: we could talk all morning but we are not allowed so we have to move on. thank you for stopping. state department official resigned over biden's handling of the war on israel. to come on in here? lauren: what happened? lauren: he resigned this week, he said the harm of sending weapons to israel for their counterattack against hamas outweighed the good that he could do in his role, this comes from his resignation letter, quote, we cannot be both against occupation and forte, we cannot be for freedom and against it and we cannot be for a world while contributing to one that is materially worse. he did praise efforts to send

humanitarian aid in but that's an interesting way of looking at what is playing out in the middle east and spilling over. meanwhile the department of homeland security says they are monitoring a heightened threat environment across the country, joining the fbi and reports they are getting of increased threats against jewish, muslim and arab communities. ashley: thank you. let's get back to these markets. so much for investors to digest and factor into their investing decisions. markets are down across the war. the path forward is about to be bumpy and take some time. it he give her joins me to talk about this. you say there could be a deep drop in the markets ahead. make your case and how deep? eddie:how deep is the scary part.

if we go back to last time we were in a similar scenario in 2000, we watch technology stocks, now we are sitting in this spot where we have a i and everything has been good. the inflation was supposed to be transitory and we know how that ended up and all this pent-up demand where people are still spending spending spending and it is starting to hurt. it's hurting the rest of the world more than us because we have fixed rate mortgages. a lot of consumers, their household expense hasn't changed the equivalent standard rent standpoint but everything else has and i'm seeing on a daily basis, my landscaper telling me his business is slow. i'm walking around talking to people telling me there business is slow.

why is that? we have these elevated interest rates that aren't going away and it is starting to show a lot of cracks under the surface. when you get extended, it is unfortunate because when something happens it tends to be really fast and really violent. don't know if that something is going to happen. ashley: how big a drop, sorry to interrupt, take a look at the s&p, what kind of drop, 5%, 10%? >> that would be icing on the cake. we can see the s&p 500 ship the 2200 range again in the next 24 months. ashley: oh my goodness. that is romantic indeed. all right, listen, let's get your stock picks very quickly, given your concerns i want to get to some of these stock picks. explain.

>> pdd holdings. there's a lot of momentum behind the stock beating estimates. what we learned this year, regardless how bad things look, the mid we hand the stock you don't run away from it so main thing we are concerned about is making sure we have an exit strategy so that is either a profit target of 20% above where we are but more importantly if we are wrong we are not afraid to cut our losses. we are sensitive right now. ashley: were out of time but you like constellation energy at eli lilly. a little more concerned about your doom and gloom outlook for a big drop in the markets but thank you for your time. appreciate it. come back in, lauren, you're looking at the movers, let's begin with a familiar name. american express. lauren: is down 4%.

third-quarter profit at american express stronger-than-expected but in a sign of caution they boosted their provisions for credit losses by 58% from last year and that would account for the increased likelihood of wealthier american express customer defaulting on their debt and that's why stock is down. take a look at her tnt moving in the other direction, it's up 9% in the past two days, up 31/4 following earnings they got an upgrade to outperform. the firm really like their free cash flow and expect that to improve. crux is also higher. they were upgrading to purchase at raymond james, the stock is up 3%, price target 110. raymond james believes it is oversold as a stock and based on the checks on stores and social media they are really popular including overseas. ashley: i was in the uk, and not talking about the

crocodiles but the shoes. do you have a pair? lauren: do you know what a gibbet is? you can buy your favorite sports team character and stick them in the halls of the crocs and they are not cheap. parents are buying not only the crops but all the little things they could stick it on. they think of everything. ashley: of course they do. this is about gm getting close to a deal finally for the auto workers union. lauren: gm is up one. 2%, there appears to be consensus on pay, pensions. gm offered a 20% wage increase just shy of $40 an hour. the union wants more than that. they want to guaranteed pension but they are open to negotiate. there is some goodwill right

now but gm college latest offer historic and says we can't meet every demand of the uaw. is what's going on behind the scenes enough? we will find out at 4:00 today, the uaw president will make an announcement on progress with the big three at that time, the uaw workers have been on strike since september 15th so 36 days, the partial shutdown of the auto sector having clear ripple effects, ford is laying off one hundred 50 more workers at a naxal plant. they laid off 2700 workers in the past month, gm more than 2300, stellantis 5300. those with a layoff, adding 34,002 that are on strike and that could be expanded today. this is a lot of people out of work. ashley: we will got -- get that update later this afternoon. now this which americans are being urged to leave lebanon as

violent protests a wrapped outside the us embassy in beirut. we will have details on that. president biden asking congress for one hundred $5 billion of military aid. israel and ukraine, acres -- lawmakers are worried about it falling in the hands of hamas. president biden says he will hold iran accountable for supporting russia and hamas as american troops come under more drone attacks last night. republican president candidate mike pence on how biden should respond to iran's growing threats in the middle east. that is next. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees.

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ashley: president biden is expected to ask congress for $100 billion in aid to israel and ukraine on top of the additional $105 million for palestinians in gaza and the west bank. grady trimble at the white house of this morning. how is the biden administration going to ensure the money pledged to palestinians won't fall into the hands of hamas? >> reporter: the administration says it will go through highly vetted organization so humanitarian aid does not end up in the hands of hamas. republicans are highly skeptical of that, already, some aid into the region is being held up. there are reports a convoy of trucks that is supposed to be making its way through egypt is delayed so that is on the $100 million in assistance to raza. here's a breakdown of president

biden's request to congress for one hundred 5 billion more dollars, some of that going to foreign wars, the border, and taiwan. the president is asking for more money for israel, but four times more for ukraine. >> president biden: hamas and putin represent different threats but they share this in common, they both want to completely annihilate a neighboring democracy, completely annihilate. >> reporter: there you see the president tidying those two wars together but in response to the president's address last night a number of republicans are blasting president biden arguing money for israel and money for ukraine should not be lumped together. >> what the president did is completely disgraceful. if you wants to sell the american people and $60 billion more to ukraine he shouldn't use dead is really children to do it, it was disgusting. >> reporter: the us government

is artie providing arms and other military supplies to israel, the latest shipment you see arrived this morning, that video from the israel ministry of defense. ashley: thank you very much. president biden says iran is roof supporting russia and hamas, role tape. >> president biden: iran is supporting russia in ukraine and supporting hamas and other terrorist groups in the region and will continue to hold them accountable. ashley: republican presidential candidate mike pence joins us this morning, great to have you along. how should president biden respond to iran? >> with be clear that america needs to speak with one voice in the wake of the terrorist attack on israel the claimed 1300 lives. we must make it clear to the world, to the region, that

america stands with israel, we stand with them today, we will stand with them tomorrow, the tough fighting that is ahead we are going to stand with israel every step of the way. israel has no choice but to go into gaza and hunt down and crush hamas once and for all but i am glad president biden is now mentioning iran in this. 's earlier statement as you recall didn't mention iran but iran holds the leash on hamas and hezbollah. leading state sponsor of terrorism in the world, hamas gets most of their support, resources from iran. it is one of the reasons i was one of those who call early on for deployment of the eisenhower battle group to the eastern mediterranean to join the ford battle group. we've got to make it clear to

iran, to assad and syria, hezbollah, lebanon that when israel goes in and does what they need to do in gaza, any attempt by iran or other actors in the region to make this into a wider war will be met with american force shoulder to shoulder with israel. i think already we should have canceled the $6 million the biden administration transferred as a ransom and put the snapback sanctions into place which i believe the weak and feckless foreign policy of this administration, the disastrous withdrawal from afghanistan, two years of appeasement to iran have emboldened the enemies of freedom around the world. we got to get back to american strength. ashley: i want to talk about the coupling of the aid for ukraine and israel. do you think the president should have proposed separate packages?

>> i'm someone that believes america is the leader of the free world, we are the arsenal of democracy and i've been a strong supporter of military aid to the war fighters in ukraine. it is in our national interest to give ukraine what they need to fight and repel the russians because i have no doubt that if vladimir putin overruns ukraine, won't be long before he crosses the border that are men and women have to fight. whether he should have paired them but to make the case that we are the leader of the free world, we ought to be supporting israel shoulder to shoulder, no daylight between the us and israel but i really do believe this is the moment, in the wake of that failed and feckless foreign policy of this administration, the disastrous withdrawal from afghanistan, appeasement toward iran and other actors in the world stage we've got to get back to

leading the free world or the rest of the 21st century could look a lot more like the first half of the 20th century. ashley: next one, the u.s. navy destroyer shut down several missiles and drones fired by the uranian back houthis in yemen. the pentagon believe they were fired toward targets in israel, military bases in syria and iraq that house american soldiers, they are under drone attacks, two us military bases coming under fire while president biden was delivering his address last night. my question is, is this the widening of the war? >> we need to recognize the houthis like hezbollah and hamas are all surrogates for iran. i want to commend our navy for knocking those down. i was in the situation room

when iran fired those missiles. we watched them tracking in. there was no loss of american life. we've got we got to take this moment very seriously and if we continue to see an escalation, the houthis or hezbollah, we need to be prepared to meet that with american force, not just against those surrogates of iran but we need to make it clear to iran that they will pay a price, that we will move against refineries, other targets that iran holds dear. the only way to ensure that israel has the freedom to focus on destroying hamas and this not spinning into a wider war is unambiguous american strength in the region and i will continue to call for that. ashley: one last one, your

presidential campaign has 620,000 of debt, you have roughly one. $2 million cash on hand, that's going to be a difficult challenge for you i would imagine. what your strategy moving forward. can you make the debate november 8th in miami? pens:i am running for president because i have the most experience, the most qualified, tested conservative in this race. if you look at the world becoming more dangerous by the day, look at the struggles we are facing, the border, crime in our streets, inflation at a record level that you talk about here on varney and company every day, the reality is this is no time for on-the-job training, we are reaching out to folks across country, people going to mike pence 2,024. every day, we are working hard to make that debate stage and working hard to take our case for experienced conservative leadership to the american people and i'm going to continue to do that every day.

ashley: a pleasure to talk to you this morning, thank you for joining us. thank you. now this. hamas calling for a day of rage encouraging anti-israel and anti-america protests around the world. we will speak to a student who had the israeli flag snatched from them during a protest. we will have that next.

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ashley: the markets have been open for an hour, starting to move, the dow up 186 points, the nasdaq down 1% or 131 points, the s&p down 0.3%. you are looking at the other movers beginning with marathon digital. lauren: nice gains for block chain related terms, most of them are higher. on optimism of bitcoin etf getting fcc approval perhaps

this year moving in the other direction, in phase energy is down 13%. shares hitting a 3 year low after the company warned of lower revenue in the current quarter on lower demand. the dow jones industrial average, merck is near the top. the us says to purchase, price target 122 and there was a late stage trial of keytruda to treat certain types of cancer. ashley: now this. apple donors want ivy league universities to condemn anti-israel protests and anti-semitism. lydia hu at columbia university. they are threatening to close their check books. how are schools responding? >> reporter: responses have

been muted. the president of the university of pennsylvania put out a statement that the alumni are important members of the community. harvard did not respond to our requests for comment but as donors threaten to close their check books columbia university is postponing its dedicated day of fundraising. it's called columbia giving day and it was supposed to happen this coming wednesday. now it is postponed, last year the day raise to $29 million for the university. losing big donors could hurt university endowments which have swelled, total university endowments for all ivy league schools total more than $180 billion, up $80 billion from roughly 10 years ago. now as student demonstrations continue on college campuses across the country, and israeli american professor at columbia

is calling out columbia university for allowing student demonstrations that he says show support for hamas. watch. >> people asked are you not afraid to speak up? you're putting your job on the line. you got it all wrong. i'm not afraid to speak up. i am speaking up. >> reporter: some students tell us they feel uneasy on campus. >> it is really disruptive and just not a good feeling. turning your back like fight or flight and i want flight. >> lack of safety. >> not an exaggeration to say i do not feel safe. i feel uncomfortable, i feel not good in my own home. >> reporter: another gathering of students is planned at the university for later this afternoon.

it's being called a vigil for palestinian lives are lost. we asked columbia university for response to the professor's or marks you heard a moment ago and an excellent nation for why columbia giving day is being postponed this year. we've not heard back. ashley: thank you, interesting stuff. i want to bring in gideon, good morning to you, you had an israeli flag snatched from you at a protest. tell us what happened. >> gideon:there was a protest last thursday at the school where people came out, hundreds of students on my campus stormed the hallways wearing the same head garb worn by yasser arafat and they were waving palestinian flags and chanting for the globalization of the intifada.

i went outside, held an israeli flag peacefully in a designated area and a teaching assistant at the school came by and snatched the flag out of my hand, the nypd did a good job that day but it has been hard being on college campuses being jewish. ashley: we heard from some students, gideon, in the previous report say they don't feel safe on campus. do you feel that way? is security good enough? gideon:i feel okay but most students do not. some were crying, indifferent jewish events i had to walk with students to class because she was so nervous because people are actively calling for the globalization of the intifada, the call to kill jews everywhere and this is being supported by the university in some respects, you have professors canceling classes, telling students they should go

join these pro-palestinian rallies but they are not pro-palestinian because hamas is a terrorist organization that kills palestinians and puts them in the line of fire. ashley: exactly. are you surprised at the scale of the response to what happened in israel? the anti-is really forever especially on college campuses, does it surprise you? >> it doesn't surprise me, these college campuses across the country allow organizations like students for justice in palestine and palestinian student associations and other student groups that openly celebrate the murder of jews everywhere and call for more of that so you have those groups, 250 of them across college campuses. a group has found at chapter one of these groups on a college campus, there is a sevenfold increase in anti-semitic incidents on college campuses and it's clear from the university that these,

the university allows colleges to exist across the country. they wouldn't allow students to arrange a kkk club on any of these campuses because they are a reprehensible organization but when it is jew hatred it seems okay. ashley: that is just the way it is i guess. thank you so much for taking time to talk with us, very well spoken and thank you again for sharing your story with us. now this. california governor gavin newsom tapped the butler to fill dianne feinstein's senate seat, she's no longer interested. a tv anchor from los angeles quits her job and throws her hat in the ring to fill feinstein's seat.

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ashley: luftansa butler was nominated to fill feinstein's senate sheet but is she going to stay? ashley: she's done with it. she is honored to fill diane feinstein's senate seat but that is it to her. she things her voice would do better used elsewhere. 3 current democratic members of congress, barbara lee, have been campaigning for months for this seat. on the republican side you have steve garvey, if butler were to run for election, she faces a december filing deadline, i said she's on the job for three weeks, she's out this week with covid.

ashley: thank you. a longtime reporter and anchor in los angeles, christina p passcucci is running for democrat in california and she joins us this morning. you've had a rough seat in the rough-and-tumble world of politics, why would you return to office? >> i've been in the trenches for 15 years on the front line on the most pressing issues of our time and one hundred countries, 7 continents, been in war zones, conflict areas, working with children in war on a personal note and what i see when i look around me in california i don't recognize and had to step up and especially recently when i became pregnant i realized i

refused to let my daughter live in the california i see. i wanted her to have a future where she could fulfill her potential and we are not there right now. ashley: you are running as a democrat, many argue democrat policies in california created the mess it is an. how would you respond to that? >> i agree in many cases. that is why i am running as an independent democrat. you should look at every single issue, not through the eyes of party politics. that the approach as us senator and, and >> ashley: you want to reach across the aisle but bipartisanship is a pretty dirty word in washington these days. how will you accomplish that?

>> it' s a word i'm willing to run toward and it is could call for the future of our democracy. we need more moderates in the senate, in congress. we need people willing to reach across the aisle and have common sense. people across the country are so fed up with the infighting, what's happening in the house is a complete disaster and it needs to stop. ashley: common sense and congress don't go together very often but we are already out of time. thanks for joining us. we really appreciate it. now this. israel preparing to launch a ground offensive into gaza. netanyahu says it will be a long and intense war. we hear from the prime ministers spokesperson about all this next. you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach

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terry offensive with the objective in the gaza strip will come in three stages. there's the military component which will be followed by the ground offensive. it will be more intensive and take a long time. following that, the idea will target pockets of resistance of lower intensity. the third, defense minister described a disengagement from the gaza strip where israel will no longer be responsible for power and water and crossings. we are just shy of two weeks since the october 7th massacre. i had a conversation with an american-born commando. can't show his face but he tells us what it is like to fight in his own neighborhood. >> what we did was anywhere from the gaza border to the settlement itself, when we identify terrorists coming in or going out, we attack them. >> you can't call it an airstrike. >> exactly come you don't know

if anyone who's going out has civilians, women, children, things like that. every attack has to be precise. there has to be times we go into a place and a terrorist was dressed as a soldier in order to confuse us and surprise us. >> you had to make an instant decision. >> shoot or be shot. i am a support officer, because of the whole complicated situation going on over there, took on an aspect of rescuing civilians. >> rescue is not what you are doing. >> it is not -- even though we trained for war, this was complete massacre. this wasn't war, this was a massacre. >> have you had time to deal with the emotions of what you've been through?

>> the last couple days, i'm trying to make it out to the other side. we will think about what happened. >> reporter: over 200 trucks have not made it into the gaza strip. the un secretary-general said those are not just aid but a lifeline for the palestinians. ashley: thank you, great interview. president biden calling for israel to operate by the laws of war. we don't have that soundbite. let's bring in heinrich, the spokesperson to benjamin netanyahu and joins us now. thank you for joining us. will you are by by the laws of war as the president says? heinrich:obviously, we are a jewish and democratic state and we will abide by the laws of war, and specified a clear goal

for the operation of gaza, and make sure by the end of this war we didn't start, it was forced upon us, dragged to it by hamas. by the end of this, they will no longer have the governance body or military capabilities or the motivation to everett us as they did before october 7th when they richard -- butchered our people and kidnapped 203 israelis are still held hostage in gaza. we will act and we are acting like any western nation under such circumstances, to add a bit to it, please remember hamas is not a state actor. this is a murderous, monstrous terror organization. the geneva convention does not apply to it. ashley: i have less than one minute. the goal, mr.

netanyahu said, to wipe hamas off the face of the earth. is that possible? heinrich:that's a question our military leadership and government is discussing. it is possible. just like the case with isis when we sign international coalition to defeat this terrorist monster. this is the case we are seeing and are thankful for the us global leadership. when you guys set the tone and you are doing it right now, others follow. ashley: thank you so much for joining us, we appreciate it. thank you. we are watching capitol hill right now. kevin mccarthy giving a nominating speech with jim jordan, house lawmakers expecting to begin soon. so much going on. the 11 am our of "varney and company" is next.

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