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tv   The Claman Countdown  FOX Business  October 20, 2023 3:00pm-4:00pm EDT

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thing is they have a fair amount of, you know, pull, right? in hollywood. i mean, i just, again, if you're 17, you're in college and, you know, the first time you've ever gone through anything like this, okay, maybe you've learned a hard lesson. but if you're 50, you've been around the world, you understand what's going on, that part of the anti-semitism story i don't understand. >> i don't understand it either. i think there's a lot of sides to the story that a lot of people don't understand and they're just jumping into the conversation where they shouldn't be. charles: right. >> and i feel the issue here is they're always looking for a grievance, a narrative grievance, right? charles: right. >> and that's what this is. they're looking at the palestinians as the innocent victims again, and they have to have an oppressor. and in their minds, israel is the oppressor here. charles: all right. great having you on. we've got to pick this conversation up. now i give you to the great liz claman. liz: yeah. we're seeing so many people, so many donors, charles, doing exactly that, pulling money.
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and, you know, the students, we'll see whether they get jobs if they want them on wall street anymore. shar charles or in law firms, yeah. liz: can't support a terror the u.s. group. bad indication there. all right, as we kick off the final hour of trade for the week, extreme urn certainty in the middle east and confusion in congress here at home have investors disinclined to head into the weekend long. we've got the dow heading back town to session lows, lower by about 191 points. the s&p down 37. the nasdaq falling 151 points. this even as a fox news confirms some good news, two american hostages -- a mother and a daughter -- taken by hamas terrorists two weeks ago not only have been released, but this is just hitting the wires. they have been received at the gazard border and are in safe and secure hands of the israelis and enroute to a military base in israel. look at crude oil. if you really want to see where the reaction was, it was trading at nearly $90 a barrel.
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but then you see it slide around 11:22 a.m. eastern time x hen the big dive, 12:44 p.m. which is when the headline hit the tape saying that hamas had released those two hostages for, quote, humanitarian reasons. technicians are watching the s&p very closely through all of this. the key level to look at a here, 4200. we're at 4240 right now. this is pretty much though a broader index selloff. with just one of the eleven s&p sectors in the green, tech is actually the biggest drag. look at the xlk here, the xlk is down more than 1%. apple represents 22% of the spider tech etf. microsoft about 211% of total -- 21% of total net assets followed by nvidia. all three of those, you can see, is down. invade ya's down about 1% -- nvidia's down to $416.11. as the israeli military buildup at the gaza border reaches
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critical mass and iran's proxy terrorist group hezbollah continues to launch mortar shells into israel from north of israel's border with lebanon, israeli military is responding with artillery fire. and in a heavy dose of irony this afternoon, iran's military chief warning the u.s. against sending weapons to israel saying, quote, that would further complicate the situation in gaza. last night president biden did request congress approve $14 billion in aid to israel. $10 billion of which would be going to military assistance. major problem here, congress is still frozen in place as jim jordan is no longer the republican speaker nominee. after the house gop vote him out for the fourth time. what happens next amid the d.c. chaos? coming up, the gop congressman who's so frustrated by republicans' inability to name a speaker that he may be ready to
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jump in. dan meuser of pennsylvania joins us live. plus, he is helming new legislation to publicly refreeze the $6 billion the biden administration conditionally released to iran. all right. so overall we're seeing this hesitant trade. it is property based, no doubt pushed this part by a new warning from the state department. it's u.s. has issued a rare worldwide caution alert for all americans traveling everywhere overseas and u.s. personnel at the u.s. embassy in jerusalem are currently sheltering in place ahead of what is expected to be a massive israeli ground offensive into gaza. as the markets endure choppy trade, do missile and drone attacks on u.s. bases in syria and iraq yesterday indicate that this war could be on the verge of spreading to other areas with u.s. interests? we went to bring in live a highly decorated retired three-star army general, keith kellogg, who also served as national security adviser to former vice president mike pence. general, the hostage are release
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is wonderful news, certainly. but 201 people including 11 americans, these are civilians, innocents, are still being held by the terrorists. how are you viewing this release? >> yeah, liz, well, thanks for having me. look, it's a good with sign that we get anybody back. i think it's great. but it'sal a play. it's a play by hamas to release a couple people. there's still well over 100 kept in captivity. and i think they have to keep their eye on the ball. they, the israelis. they're going to have to do a military operation. they're going to have to go into gaza, defeat the hamas military organization and command and control structure they've got there. you have to look at it in actually two playing fields. one of them is a humanitarian piece, the host aages, and the other is military. you're going to have to keep them apart because most people probably have no idea, even hamas probably count know where every single hostage ask. -- is.
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so it's good news, but i wouldn't put too much into it. it's going to be a big fight, a tough fight, and because of that i think you're going to see not only civilian casualties, but i don't think you're going to see all of the hostages come out of this alive either. liz: well, that is the issue. you've got to be realistic here. and we'll hope against all hope. so, if we see this release of two of the hostages sort of as an attempt to stave off the mass israeli offensive, reel has been very clear it will happen, what will they encounter, general? you talked about the tunnels there. there are hundreds of miles of that. tunnel warfare, you could go back to that elite unit during the vietnam war, they called themselves the tunnel rats. i've studied these guys. unbelievable bravery here. they've had two weeks to booby trap these here in gaza. >> yeah. this is probably -- if you're an infantryman, this is the toughest fight you ever face when you go into an urban environment.
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you fight on a billing level, up to 10 stories, you fight at a street level, and you fight subterranean, and you have to have really good intelligence. it's manpower intense which means it's going to take a lot of troops. so you're going to have to really find out where to you want to go. you have to be very discreet about your attack pattern and where you're going to isolate the battlefield and where you're going to attack the hamas leadership at. it eats up infantry. it absorbs infantry, a lo of them. now, the israelis have train for this. they've got an incredible urban training center in the south of israel, and i've been there. it's about 600 buildings, pretty good -- it's a good place to train, but it doesn't ever prepare you for the real fight. it's going to be a hard, tough fight. ill caution everybody once you go into this, you are going to see collateral damage. you're going to see civilians killed, possibly a lot of israeli soldiers killed, and you're going to see a lot of hamas killed as well. it's going to be a tough fight, but they've got to do it.
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liz, there's a moral imperative here. what happened 14 days ago goes back to 1945 where we said never again. this actually happened. this was an attack into israel. they killed an enormous number of civilians, and they're going to have to respond to this to make sure that they are seen in today's world which we said in '45 is never again. listly it will -- liz: it will be an urban warfare hellscape. and as we wait for that green light if the israelis do eventually give it, let's talk about the u.s. hostage rescue teams. general, i mean, again, you are looking at one of the most dangerous extractions ever, correct? >> oh, absolutely. it's really, it's really hard to do. and when we were in the trump administration, you know, we had several of those that went down. you know, seal team six did it or the delta force did it. and and it's really hard. you need exquisite planning and information to be able to do it because it's really a very
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targeted attack. and you have to know where you're going. those forces that that you see, chose special ops forces, they're not designed for long-term conflict meaning an hour, ten hours, or twelve hours. their idea is to strike and get out. and they're the best in the world. i know people talk about other nations, but i tell you when you look at the american special ops forces, again, seal team six and the delta force, they're the best in the world. absolutely the best. they've got a command and control structure that's just as good. liz: the leader of saudi arabia and united arab emirates met in i idea today. we are expecting some -- in riyadh today. let's with really clear here, general. isn't it obvious that hamas launched this bloody slaughter two weeks ago because they start to look at a themselves as left out of the future of the middle east and the conversations that had been happening under the trump administration for, obviously, the abraham accords
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where israel had start tip lo mat you can relations with bahrain, the united arab emirates, morocco and now the saudis were getting close to this. is that derailed now, or do you foresee that the saudis who arguably have the strongest voice in the region will say, you know what? hamas is just horrible for all of us. >> i think you'll get a delay for a while, but with i think the normalization of relations between saudi and israel, they were moving, i think it was going to happen. look, in the trump administration we asked the palestinians to come with us op on this because it was an economic support primarily. they didn't. are. liz: of course. >> we said,ing okay, we're going to move on without you. and we moved to the saudis. and the e -- we think in a second administration we would have got it, and i think the israelis were working toward that normalization with saudi arabia and israel, and i think that's what generated this fight. iran doesn't want to see this happen. iran has their hands on hamas, and they have their hands in hezbollah, and they don't want the -- this to occur with saudi
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coming together with israel because that stabilizes the entire middle east. once you've got those parties in place, you're going to have long-term peace. we saw that. it was an economics-based program, and we think we had a good way ahead. i think israel was trying to work that as well as saudi arabia, and i think they were close to the it. liz: it is really possible that hamas saw that and said, oh, wait, the new modern map9 and the relations in the middle east definitely leave them out especially when they behave like this. general, thank you. thank you so much for joining us. >> thanks, liz. liz: so through all of this, folks, we are watching treasury yields whip around. still a wall street guessing game as the fed chair refused to commit to any specific interest rates moves in the near future. does that mean a pause at the november meeting? well, sure. but what about december and january, and how do you trade that as the fed for the moment sits on its hands?
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we're going to ask the floor show, show you treasuries. the dow is down 221 points. mortgage rates track the 10-year yield which today got very close to 5%. mortgage loan stocks, pretty vulnerable to federal reserve rate moves. rocket more gant -- mortgage, lending tree the, most of them are down except for uwm. "the claman countdown" is coming back. stay with us, we've got the news that's breaking every minute. ♪ ♪
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low of the session had been down down the 225, and we were well off it. so you can see that as we have about 46 minutes left to trade, 45 minutes or so, the conflict in the middle east is affecting the markets and not just the stock market. we're looking at elevated bond yields, at least certainly earlier today the treasury, the 10-year yield briefly crossed above 5%. that's a level not reached since 2007. we are now down below that, as you see the right? to quality, 4.9%. and then this is the 11-week picture. -- 1-week picture, a big rampup and then the pullback today just 24 hours after jay powell signaled that while rate hikes, many of them -- more of them, may be possible, we're going to be very data dependent. cleveland fed president hover relate that mester or saying today the fed is at or near the peak of its rate hike cycle. she also said inflation is cooling but is, quote, till too high. she ec echoes exactly what jay
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powell said yessed, inflation is still too high. meanwhile, philly president patrick harker said now is the time to hold rates steady. fed funds futures, well, the fed rate-hiking cycle is partially to blame for the banking crisis back in. martha:. today we see regional shares hitting their low level since that time. so you'd have to go back months. so remember how tough it was in march when silicon valley bank went under because it had too many low yielding treasuries on its books that they were going to have to sell at a december count? right now, regions down 12%, we can cycle through these, looking very unhealthy at the moment. but it's one day, right? but big financials till look mixed on the -- still look mixed on the session. morgan stanley up about three-quarters of a percent but just off the 52-week lows. it happened to be a stock that one of our floor show guests says you've got to really watch and wait. joining me now, chris whalen
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back with us and fitzgerald group principal keith fitz-gerald. chris, we're looking at the banks right now. obviously, or they are very vulnerable to the treasury yield moves. what do you think of the 10-year, the 2-year, how the t-bills are trading at the moment? >> look, the treasury market is reflecting, you know, the big macro picture. i think the depositories, the mainstream, main street banks are getting oversold, and i think the larger dealer banks still don't reflect some of the changes that are coming at them both in terms of baas well and the sec's move to require centralizedded trading of treasuries, centralized clearing. what this means for the hedge funds is that they have to own the treasuries they want to pledge. they can't borrow them. and that's going to be a big change. you know, all of the guys who have been doing the basis trade for the last decade are essentially going to be throttled back. goldman, morgan stanley which are the biggest derivative shoips on wall street are going to have to reduce leverage.
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and that's really what both gary gensler and secretary yellen want. the group of 20 the came out with that announcement, and then we had the march blow help with three banks fail, so the industry couldn't push back. liz: and as we look at the price to earnings ratio of some of the bank, you've got goldman at about 4, jpmorgan's around 7 or 8, then you've got morgan stanley which you feel at 13 is too high at the moment. >> it's too high because their business is going to change. it's a great firm. it's a three-legged stool compared to a two-legged stool at goldman. [laughter] liz: is there such a thing as a two-legged stool? >> no, it's not stable because they don't have that that regular asset management if business. they don't have the same quality of deposits that morgan stanley has. that's what's wrong with goldman. but i think people realize -- don't understand that that a lot of structural change coming from washington in a lot of areas. pay for deal flow, that's going to go away. liz: and that is going to affect their bottom line. >> yes.
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it's going to affect earnings. liz: right now we tee sentiment affecting the markets. dow is down about 189 points. s&p is falling 37. that's nearly 1 is president. -- 1%. nasdaq down 148. keith fitz-gerald, it looks like investors on this friday are giving in to that temptation to sell when they get nervous. is that the right thing to do? >> boy, you know, it feels good in the short term, but, you know, history shows that's absolutely the the wrong move. if you can afford to stay in it and you can take a longer term perspective, that is very clearly what you want to do. but if you're a trader and you're into short-term shenanigans, then, yeah, you want to sell today. liz: and what are some no-brainers that you see at the moment? when we look at selloffs, sometimes we get too sort of at 30,000 feet through our prism, but if you go a little bit narrower, what do you see as an opportunity? >> there's a couple things in here that are no-brainers to me right now starting with defense stocks. clearly, the world is an angry place right now, and the world
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needs munitions in almost every form. so the lockheed martins, the raytheons are clearly the place to go. they're beaten down. i think people were throwing them out with the bath water. that's a mistake. not all financial institutions are the same. if you look at jpmorgan in particular, that is a company that is just begging for a purchase. i think ceo jamie dimon is perhaps the only ceo out there who gets it. and full disclosure, i do own jpmorgan. liz: okay. here are the aerospace and defense stocks. authority run grumman, what i find entrust interesting here, you know, we didn't get to talk to keith kellogg with this, but there are five u.s. naval ships steaming into the middle eastern area. and when you look at the shipbuilders, among them you have everybody from lockheed martin, raytheon, general dynamics, northrop grumman and then hii which is one of the bigger ones. important to note all of these are in the naval world.
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i mean, you don't just immediately get a contract on the turn of a dime when something like this is happening. but are you more precise in your picking of some of these defense names? >> absolutely. i'm straight at the top, i'm going right for lockheed martin and raytheon, the two i do own as well, because we've got to get munitions on the table first. it's one thing to talk about capital assets like submarines and destroyers, those kind of things, but you can't operate those effectively without the munitions needed for both the war fighters on the ground and out at sea. i'm to going right for the supply chain. huge backlogs, very sophisticated technology, and they need them. liz: i want to go back and touch on the banks one more time because, chris, schwab. i would think that schwab's business should be kind of bulletproof at this point. a lot of people are trading with them. very similar to some of the other brokerages. but they just absorbed td ameritrade, the brokerage there, and yet this is down 7% this
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week. >> there's still a constituency out there that wants to short the stock concern. liz: why? >> because it got very big during quantitative easing. they put more sail on the mast to make up for the fact that yields were compressed, and then they managed it down, and they are going to manage if it down. the bank's going to be half the size it was two years ago by next year. so i think people have got to focus on the $7.5 trillion worth of customer assets and remember that the bank was always supposed to be a secondary factor in that business. they let it get big because they saw the opportunity. but look at the way back managed their very large securities book versus silicon valley bank, okay? if i think schwab actually is going to be a buy. it's three and a half times book. it was at five. will it go back to five? i don't know. but american express -- liz: yeah, ax -- >> it's at four times now. a lot of people are going to kick themselves in six months that they didn't buy that stock. liz: it's one of the laggards -- >> but it's the best performing
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bank in the united states. liz: on discount at the moment. we've got to run are. thanks to you. accusations and blame flying on capitol hill after the house gop tosses out jim jordan after his failed third house speaker bid. coming up, we'll bring in republican congressman dan meuser of pennsylvania to ask what's going on? take and find a consensus candidate, and could he be the dark horse a ready to are enter the race? plus, bitcoin popping as crypto investors believe gary gensler's sec is on the verge of making a very important decision. gray scale bitcoin trustee etf, it's hit a 52-week high, right now it's up about 4%. we'll check bitcoin, crypto stocks and much more when we come right back. ♪ ♪ a digital money coach in the chase mobile® app. use it to set and track your goals, big and small...
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liz: fox business alert, we need to show you the chart of of course that at the moment, suffering a very deep plunge, down 11.33% -- okta -- after the identity solutions company that hundreds and hundreds of companies, universities, nonprofits and government agencies use says client files were accessed by hackers via its support system. right now okta is at $75.68 a share, getting clipped by $9, well, make it $10. we'll continue to watch this story, but bad news for okta at the moment.
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dark clouds over solar stocks after solar edge warned demand in europe is slowing, cutting guy dance for third quarter revenue. well, the stock's getting cut by 28% right now. deutsche bank downgraded the stock from buy to a hold. and that, of course, casts a shadow e over the whole sector. sunra down 6.8%. enphase getting met hard, down 15% -- hit hard. intuitive surgical is slipping after reporting third quarter revenue that missed analyst estimates. the robotic products maker says people turning to weight loss drugs have squeezed out bariatric surgeries which use intuitive surgical equipment but does not expect that to affect the company long term. wells fargo cut its price target from $386 to $363. it's at $267 and change right now. while raymond james cut it from $368 to $310 is. keep on tucking with knight swift after the company beat an
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a list estimates for the third quarter. morgan stanley raising its price target on the trucking firm from $70 up to $75. it's at $51 and change. and ever corp. raised it from 52 to 55. in 2017, knight transportation merged with swift to form knight swift transportation holdings. right now it's a good move, 11.25% up. and, wow, this afternoon we're seeing very swift and fast action in crypto names. bitcoin hitting the $30,000 mark around 11:30 a.m. eastern, extenning its gain for the week to more than 11% on rising confidence that the securities and exchange commission may finally approve a spot bitcoin etf. bloomberg analysis indicates there's a 90% chance that the first etf of its kind that would lets investors mimic and basically trade and hold a piece of bitcoin might be approved by january 10th because that is when the se i c -- sec faces a
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deadline to approve or deny the application by ark investment management. bitcoin's climb began when wall street regulators met the deadline to appeal the loss. the court had ruled that the sec arbitrarily rejected gray scale's application to be convert its bitcoin trust into a spot bitcoin etf. right now bitcoin's at $29,461, a gain of 2.8%. on monday, this brings up the question, how close are we, truly, to to a spot bitcoin etf, and how would bitcoin move if and when that were. to happen? mike novogratz joins us in a fox business exclusive right here on "the claman countdown," 3 p.m. eastern on monday. the comparison between the hamas slaughter of jewish civilians in israel october 7th and the nazi holocaust which claimed the lives of 6 million jewish innocents cannot be
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ignored. coming up, the son of a holocaust survivor and know well peace prize -- nobel peace prize winner elie wiesel is here. what is the answer to the anti-semitism raging across american campuses right now? and with iran funding hamas and hezbollah, republican congressman dan meuser of pennsylvania pushing his plan to freeze $6 billion earmarked for the rogue nation. plus is muser going to step up as the house strug therings to find a speaker? we are 27 minutes before the closing bell rings. right now the dow 30 down 228 points. we're coming right back. stay tuned. ♪ ♪ (adventurous music) ♪
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liz: you know how they say close but no cigar? this wasn't even close. the house go gop vote ed to drop
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jim jordan after he fell short in yet the third round of voting for house speaker. republicans will apparently resume their quest monday for a house speaker with a new candidate forum are. let's bring in republican congressman dan meuser of pennsylvania. he voted for jim jordan all three times. congressman, new gop candidates have to file by sunday. let me just throw it out there. are you planning to step up to the plate? >> hi, liz, great being with you. i'm strongly considering it for a number of reasons. i do think kevin mccarthy, honestly, was an excellent speaker. he had some great abilities. he certainly knew what he was doing. steve scalise, i felt, would have been a good speaker. i firmly believe jim jordan who, as you mentioned, i backed could unite us. but the fact is they couldn't get the 217. and that's, that's not an easy task. that's 998.5% of -- 98.5% of our conference. so, yeah, now we're, we've got a
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clean slate. we need to submit by noon on sunday, and i'm leaning, certainly, to being one of the candidates because my business background, my background as revenue secretary in pennsylvania. i'm about bringing people together. but i'm also about a politics of inclusion, about assuring that all feel that they are part of the ownership on policy, that they're part of the authorship of such legislation and they're truly being asked can if their voice and their actions make a difference. and as a way to do it, i plan to do it. liz: congressman, i love the tone you're striking. and you are a member of the problem solvers' caucus. you had first, you had enough people voting against jim jordan, then more in the second vote, then even more. in this didder vote. and he's been votes out -- third vote. those e same people don't like
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steve scalise, they didn't like kevin mccarthy. obviously, not jim jordan. what are they looking forsome. >> well, i think they're looking for somebody new. i mean, certainly jim jordan to the pit that criteria. we're looking for someone that doesn't have too much legacy where there were issues from before. there certainly was a backlash, liz, from the eight that voted for -- against mccarthy that ousted mccarthy. they feel that they were hoping that jim jordan, they were supportive of jim jordan. so that backlash occurred. look, we've got to get back to business. we can't have this moving forward, but we are going to need someone who's going to come in and talk about how it will be inclusionary, the voices are going to be heard. different factions. and as well as the right plan. i think we have the right plan. we can execute right. but, look, we need the members to be the show, not the speaker. liz: okay. >> that's how i see this. and the speaker needs to bring
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the members forward in communications, in media, in fund raising so everybody truly feels part of a team. liz: and we are looking at u.s. bases in iraq and is syria under attack by drones. we aring looing at the middle east as a powder keg that is literally expanding at the moment. and you, meaning the collective you in the gop, cannot elect a speaker. and until one is elected, your legislation that you're floating to refreeze that iran money, the $6 billion worth, nobody can even blow on it like a dandy lion. -- dandelion. nothing can be done. what is it that you hope to see? if president biden has said that the money is frozen. >> well, that's good. and i think the pressure and us bringing it to the attention of the american public has a made a difference. look, iran is the center of terrorism, terrorism funding certainly to hamas, to hezbollah
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and is very anti-israel to say the least. so what we need to do the is the president needs to continue with some of the messaging that's taken place. we've got a sense of urgency here. we've got to take or care of this business. but israel doesn't know that everything that they have in the line, that they paid for and is due them is being hurried, being escalated. the level of support is there. we've got our aircraft carriers offshore. we're already knocking missiles out of the air as a you've seen. liz: all right. >> it's a very difficult situation and, yes, we need to provide the leadership in the u.s. house, no question. asap. liz: listen. you know how to reach us. let us know if you decide to throw your hat in the ring. we'll be watching. congressman dan meuser, thank you. >> thanks, liz. liz: as israel continues to defend against the hamas and hezbollah terrorist groups, these attacks are evoking many different emotions for jews across the world. someone who has a front row seat
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as to why the united states' unwavering support of israel is so crucial. iowa liberty shah shah wiesel. now the chairman of the ellie weisel foundation and a board member of a fin-tech start-up. i'm almost speechless on so many levels. but today the ellie weisel foundation for humanity put out a statement and thanked president biden for his speech the other night and, obviously, or he said words are useless unless there is action behind them. are you comfortable with the action the united states has taken? >> listen, we're at a moment in time where words matter quite a lot. and, first of all, there is action. the the u.s. has sent warships to the region. it's already intercepting missiles that were heading into israel. and right now for the moment this is a battle of words and thoughts and ideas that's going on here in the united states.
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because there are those who hate israel, they hate what we stand for, and they are saying that israel are destroyers of hospitals. they are putting out lies that really bring to memory the blood libel that jews has to suffer with for over a thousand years, that jews were the killer of christian babies for their passover blood with. horrendous, vial things and yet -- vile things. and president biden said let's wait for the facts, and after he saw a fact, he said or, i'm sorry, guys, it was the other team. that is a modern' piewduation e of a blood lie bell, and it requires -- libel, and it requires great moral courage when he is -- he has a faction of his party saying jews are murders. liz: your father survived the most vicious -- they were all vicious, these horrific concentration camps, auschwitz in poland was known as the
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ultimate death camp. he survived. one of the few. what would he say about what he seeing if he were to see what's happening today? >> listen, there are one of the few advantages with my father no longer being here is nobody can put words in his mouth anymore. he's gone. but i can tell you what i believe informed as someone who grew up with him and spoke to him all the time and was extremely close to him. i think on the one hand we -- he would see that people do want peace. and the thought that you have marches orsers, why aren't there just be peace, it's a beautiful sentiment. it's misplaced at this current moment in time, but it come ifs from a good place. it's just poisoned by those who are saying, no, no,, no the victim is the vail indiana here, go -- to the to the villain here. his view is that israel needed to exist so there would never with a second holocaust, full
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stop. for all that he might disagree with a particular policy of us a reillys depending on which government was in power or not, he always supported the thought that israel would do what it needed to do and would make peace at a moment in time when it could, particularly when a generation had passed that was ready to make peace. and that's something we have not seen as part of the construct that needs to be understood. liz: tomorrow will be two weeks since hamas snuck, crawled like slithering snakes into civilian neighborhoods and slaughtered now it's 300s israelis $1300 israelis and a lot of foreign -- 1300. how did we go from two weeks ago seeing the atrocities and then to where we are at u.s. campuses today? penn, columbia, nyu, stanford, harvard where students are ripping down posters of hostages who were taken, innocents that were taken or screaming about how israel is the oppressor.
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six million jews were kill during the holocaust. they came as total refugees to israel back in the late '40s, and suddenly it's, oh, it's their fault? i -- how did we get here? >> listen, if you teach hatred, you get hatred. remember, 50%, just talk about gaza for one second. 50% of gaza is under the age of 18. all of these people were born pretty much after the vote in '06-'07 to vote hamas, which ran on a platform to destroy israel, there were decisions made. so we are effectively at war with gaza since then. but here in the states, so, fine, or palestinians have textbook been taught hatred. we understand that. but we also have a problem with teaching hatred on our campuses. we have universities who platform professors who say the most vile things and say it was an extraordinary the day when, you know, these hamas horrible, gruesome attacks who say it's
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exhilarating, who say it's awesome. forty student groups single-handedly point at israel as the only aggressor here, and you have administrations like university of pennsylvania. they twist themselves in knots both siding being everyone different -- indifferent. which, to my father, was the biggest crime of all. liz: yeah. indifference and not speaking up during this time. i would say that parents of many of these students didn't teach them to hate. however, they are being indoctrinated by some of the professors like the lecturer at stanford the, the professor at columbia, and these are private universities. i mean, i'm surprised those people are still employed. i understand that this in public universities you've got to be a lot more loose when it comes to letting people say all kinds of things, but what happens next if there is a power vacuum in the gaza strip when israel says that we went concern we're going to go in, we hope to free the hostages, we hope to wipe out hamas, and hen we want to leave. -- and then we want to leave.
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does that the then create a worse situation? >> listen, i think the jewish people ultimately is a people who love life and who believe in hope. i think that that's one of the things that define us. i think that's why many, frankly, are jealous of us, because we've managed to keep that unbelievable attitude for 5,000 years. and i think that we're going to have to, unfortunately, destroy hamas. right now look at the amazing ally and country that germany became. it's unbelievable. schultz going over and standing with netanyahu. they've become incredible. their civilization is flourishing. ask you know what a? my flower was right when he said the children of killers are not killers, they're children. it was appropriate to build new relationships there. but we had to go in, and and we had to defeat the nazis first and we then had to rebuild. that is what israel is going to do. it is going to try again and try again to create the conditions where it can have neighbors that it can have peace with. liz: elisha, it is an ohioan to have you here. your father is a personal hero of mine, writing books like
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"night" that really should be taught in schools so that university students don't is have clueless demonstrations like they are. >> it's happening now. "night" is happening now. liz: that really depresses me. but thank you. thank you for speaking to our audience. >> thank you so much, liz. liz: much appreciated. we need to look at the the markets at the moment. the volatility index, which had been languishing, down mush of -- much of the day is back at the flatline at the moment. it is at its highest since march the 4 -- 24th and above 21 further second straight day. we've got the markets heading even further south. dow jones industrials down about 280 points. ♪ ♪
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cheryl: we have four minutes left to trade. we need to check in on gold, traditionally a safe haven, we have the entertain picture. it is on track for the second week of gains in a row.
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and a high of 90 one thousand dollars a troy ounce. it is friday for the week, read on the screen. the entire week the dow looks to have lost one. 5%. the s&p down 2 and one third%. as we and one/3%. as we said at the top of the show, tech booms got hit the hardest, down 3% for the nasdaq. markets at session lows as we close. brian, we are looking for some type of defense for our portfolios. give us some names in these last couple of minutes. brian: taking a look at some names in the healthcare sector, you make a lot of sense right now. it' s a durable sector where cash flows keep flowing and there is innovation and i would even look at names around global industrials, goods being
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shipped and e-commerce sales, those are names that end regardless of what is happening from a geopolitical perspective, cash flows are stable, profitability continues to grow. liz: among those industrials i know you like dearebert this is a forward thinking company, talking about autonomous tractors and facing off against. >> the point of calling out dear, and hvac company, these are companies that haven't participated this year. valuation point of view very attractive. 3% pullback in the nasdaq due to tech stocks taking a hit this week and higher rates, got to look for evaluation in other places, to try to protect where cash flows will be predictable and these are names to think about because this is where
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dollars are throwing from an investment point of view because of the need to upgrade equipment and as we think about food prices around the world. liz: we had the ferguson ceo on, they are participating and outpaced the s&p for the year to date number. s&p is up 10%, year to date we have ferguson up 20% but nonetheless he talked about a strong business. good to see you, thank you for joining us on "the claman countdown". if there's one area, bitcoin up 3% today, monday we've got galaxy digital's founder joining us in a fox business exclusive, a big point booster, don't want to miss that. markets lower on the week, that will do it for us.

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