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tv   Varney Company  FOX Business  October 24, 2023 9:00am-10:00am EDT

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israel because all of this chaos is a result of biden's shifting policy on the middle east from something that worked to something that clearly isn't. maria: like every other policy. rebecca. >> so true. this is a continuation of obama-era changes with the middle east and america, and it's just continued the come to fruition under this administration, and i just pray that god helps us all. maria: yes. we are all praying, finishing sure. it's been -- for shower. it's been a good show. thank you so much. let me point out we are about 30 minutes away from the opening bell, we've got a market that is rallying on the heels of strong earning. dow industrials up 168, the nasdaq up 88, and the s&p higher by 25 on the heels of better than expected earnings from general electric, gm and many others. tech is tonight. that's going to set the tone tomorrow. "varney & company" picks it up. stu, take the it away. stuart: good morning, everyone. two the hostages released, israel's invasion of gaza apparently delayed, the stock market is rallying, and bitcoin
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goes straight up. let's go through this. the hostages a arrived back in ill reese a -- ill reese a a a s ago. the u.s. appears to want a delay in the ground invasion. there is concern that it would triggerrer a wider war. members of the squad continue to charge israel with genocide. that's been picked up at pro-hamas rallies at colleges and cities across the country. as of now, israel is pounding gaza are airstrikes, their tanks are prepared to move. now look at the markets. first, look at this. bitcoin hits $34,000 a coin. there is no hope for an etf which would make buying and selling crypto much easier. 34,5 as of right now. all right, to the stock market, up again at least at the opening bell. the dow industrials showing a gain can of about 160 points at this hour. nasdaq up close to 90. that's a solid rally. interest rates moving a hit
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little higher after yesterday's plunge, the 10-year with a yield of 4.85. are remember 24 hours ago it was above a 5%. the 2-just above 5% this morning, 5.09 actually. oil well way from that $0 a level, you're -- 90 a barrel, you're at $85.50. diesel up one credibility, $4.551. all eyes on big tech this afternoon as microsoft and google report. in advance of the numbers, both stocks are up. everyone wants to know if a.i. is making them system munch politics -- some money. politics, circus continues. house republicans will hold another meeting to try and select a speaker. you'll hear hear from the newly-released hostages. they went through hell. another foreign policy debacle. biden lifts sanctions on venezuelan oil in a return or -- for a promise of free elections
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from a communist dictator. tuesday, october 24th, 2023. varney and company is about to begin. ♪ ♪ stuart: we begin this tuesday morning9 with the hostage release. two set free, and they are talking. good morning, lauren, what are they saying? lauren: one of two elderly women described the captivity the as hell. she said hamas doesn't care who they take or i 40 they treat who they take. some 200 hostages may still be hell. obviously, israel is trying to find them, they're actually handing out leaflets offering gazan civilians money if they can help them locate hostages. the idea is you get the hostages out, then supposedly the ground offensive could bin. -- begin. president biden said we should have those hostages released x then we can talk. meanwhile, this man is talking about how bruiseally hamas
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attacked just before an israeli religious ceremony where many were gathering. >> life is turned upside down by death, by hatred, byville people. when you think your whole family's going to be the wipeded out, your whole life just goes in front of you in seconds. lauren: and this is day 18 of israel at war. the idf is intensifying its airstrikes against hamas' terror targets in gaza as israeli officials are reportedly still deciding, coyou launch the the major ground offensive or surgical tactical strikes instead. the pentagon also keeping an eye on the elephant in the room here, iran. its proxy forces in the region could be targeting our forces. stuart: thank you, lauren. president biden spoke on the possibility of a ceasefire in israel. watch. >> -- u.s -- hostages for a
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ceasefire deal? >> -- we should have a ceasefire, not a ceasefire, we should have the hostages released, and then we can talk. [inaudible conversations] stuart: okay. todd piro with me this morning. todd, the president says no ceasefire until the hostages are released. what do you say to that? >> that is not the right response, and the reason has nothing to do with the hostages themselves. this is not about rescuing the hostages, as sad as that may be. israel is going to wipe hamas off the face of this earth regardless of whether or not there are talks with hamas or not. israel really doesn't care about talking with hamas. every guest has said the time for talk is over, we're going to annihilate them. that said, we, the united states government and the israeli government, these to move heaven and earth to try and is rescue the hostages. do not misinterpret what i'm saying. but in terms of negotiating with hamas, israel is not going to do that. and if we keep saying we are not going to interfere with their
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ability to wage war, then we need to listen to to what we say and abide by what we say. stuart: hostage taking is an effective strategy. in this case it works for the bad guys. >> for leverage, absolutely. absolutely. but it's tough to say this, because i put myself in the position like if my child or family member was there, obviously, i'd want you to do everything possible. with but we've seen over the course of the last couple years when you negotiate with terrorists with regard to hostage situations, it always works out bad for the country that has to give up something. stuart: i want to turn to the speaker election. >> do we have to? stuart: i'm grade we do, yes. 67% of voters say congress needs to select a speaker as soon as possible. o.k., we know that. [laughter] why can't the republicans get this tone -- done, todd? >> because personal gripes between members are preventing them from doing the job they were elected to do. the average american is busy with the family, a rife, try -- a life, trying to get by. they are sick and tired of this
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circus. i hearken back when you go to a hospital, you're sick, you're injured, you don't want the nurses and doctors fighting and you on is sidelines sitting there dying but a you can't get help. i those thursdays and doctors have a job, it's to save your life. these individuals in washington with, they have a job, they were elected by the taxpayers, do your job. stop the fighting. stuart: i'd like to have a word with matt gaetz. >> i think a lot of people would. it's beyond partisan at this point. stuart: blow everything up, and you got nothing. completely lost ground. what a mess. anyway, that's all i've got to say. you're going to stay with me for the hour. >> yes, sir. stuart: thank you very much, indeed. now, more on this subject even though it grieves me, there are 8 republicans who want to be speaker. my question for you, lauren, has donald trump thrown the his support behind any one of them? lauren: no, not really. he says they're all calling him, but he's not standing behind any, at least not yet.
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>> reporter: i have to ask, would you endorse tom emmer for speaker -- [inaudible] your biggest fan, but he is the most likely candidate? >> well, i think he's my biggest fan now because he called me yesterday and told me i'm your biggest fan, so i don't think about that. [laughter] we're looking at a lot of people, i'm sort of trying to stay out of that as much as possible. they'll get it straightened out. no, i've always gotten along with him. i get along with all of them. lauren: he also said only just christ could -- jesus christ could unite the whole party. you saw him, he started to cozy up with trump, emmer did, because he understands the trump sway on the party. mick mulvaney, who worked in the trump administration, was on another network, and he said the vote for speakership is personal. it's not about policy. so some of these members might feel comfortable not voting the way they think trump would want them to. speaking of personal issues.
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so, you know? it's a mess. stuart: personal issuesesome that's ridiculous. >> if you want to teal better about the policy, pete sessions was on my show, he basically said i'm 99% conservative, but i'm worried that 1% is going to cost me the speakership, and i'm willing to die on that hill which brings it back to policy. but, you know, implicit in that is a little personality. it's a mess. lauren: secret ballot today, will a candidate emerge to get to the floor vote. stuart i insist we move to something rational, that would be the stock market. look at this. we've got a rally on our hands this morning. dow up about 170 points. nasdaq up 75 points. david nicholas joins us this morning. david, alphabet and microsoft. google and microsoft, they report after the bell. i want to know if they're making money from a.i. isn't that the big concern of big tech at the moment? >> yeah, stuart, it is. but i don't think we're going to see a lot of revenue from a.i.ed
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today, but i think you're going to hear what is their goal in the future. but i think if you just look at google specifically, look, this is all about double-digit revenue growth. if we get 75 billion in revenue for the quarter, that's 10% growth. i think for google it's more about youtube than a.i., stuart, this is the unbelievable. 9% of all tv viewership was on youtube. that's 1% more than netflix, and so that's driving growth at google. i think we're going to see a knockout quarter for google, also moth as well. -- microsoft as well. stuart: we've got a modest, solid rally this tuesday morning. how come? we've got what's going on in israel, and we've got all kinds of other problems in the economy. why is the market rallying who? well, i think tech is driving this, right? and if you just look at the names that are reporting, microsoft is one of the best recession-proof stocks on wall street. and so when thesen companies
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report, microsoft has $34 billion in cash, has one of the strongest margins on wall street, operating revenues at 41, net income revenues at 34%. i think the street looks at that and says, look, there's a lot to be concerned about for stocks, but behind that tough macro environment there are some diamonds. and so this is the week that, i think, could save the market, stuart. if these companies report well, this is why the market is heading higher. this could be what the market these to get it out of the malaise, so it's a very big week for stocks, stuart. stuart: got it. big day today for microsoft and alphabet. thanks very much, indeed, david. see you again soon. biden keeps touting the success of bidenomics despite people still struggling with higher prices. just watch this. >> i truly believe this country's about to take off. because for the first time in a long time we're investing in america, and we're investing in american people. we're investing in our future. i can honestly say i've never been more optimistic about
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america's future. stuart: tomorrow morning at i 8:30 eastern time we're going to get numbers on the economy which may show 4 or even 5% growth. how about that? the pentagon says america will hold iran responsible for attackses on u.s. troops. iowa senator joan think ernst will join us. how should biden hold iran accountable? israeli forces struck more than 400 terror targetses in a 24-hour period. we have the latest from israel as the world awaits a ground invasion. we'll be back after this. ♪ trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization.
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stuart: still no ground invasion. the president is reportedly pressuring netanyahu to delay it until hostages are released. trey yingst on the ground in us's israel for us. trey, just because the ground invasion is delayed doesn't mean israel's letting up on their attack, right? >> reporter: yeah, stuart, that that's exactly right. behind us along the gaza strip we can hear occasion occasional explosions, the israelis are shelling from the ground and launching more ground strikes, more than -- airstrikes, more than 4000 in the past few -- 400 in the past 24 hours. they are hammering command centers and locations along the strip in preparation for that that looming ground offensive. it does come amid the backdrop of some good news. two israeli civilians released by hamas as part of a qatari deal. hear from one of them here, an 85-year-old woman. >> translator: to tell you the truth, i've been true -- through
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hell. we never knew we would come into our situation. they kidnapped me, laid me on my side on a motorbike and rammed through a fence. dozens stormed our houses. they kidnapped people like me. there's no difference between young or old, men or or women. it was very, very painful. >> reporter: hamas was indiscriminate in the way that they took hostages and slaughtered so many people here. the israelis say 220 the people are stilling being held inside the gaza strip including that elderly woman's husband. today hamas commenting on the situation with an official in doha saying this: [speaking in native tongue] >> translator: i said we will release them and the -- announced that. but now they are distributed in other positions. israel has killed more than 32 of them because of the destruction it has caused, so therefore, if netanyahu was keen on their safety, if the
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americans and europeans are keen, let them portion israel to stop their aggression, stop these brutal war crimes which are committed every day. >> reporter: hamas is lying, they are being held hostage inside gaza, and despite the propaganda efforts by the group showing videos of their gunmen giving tea and cookies to these elderly women, that's a just a spin. hay wanted to keep them alive in an effort to have one bargaining chip against the israelis. stuart? stuart: well said, trey. idf service member ben joins me now. we're leaving out his last name for security reasons. ben, the u.s. is asking israel to delay the ground invasion. what's if the feeling about that over there? >> listen, these updates that we're getting every day are, the situation's here constantly changing. obviously, our biggest concern is keeping the hostages that are stuck in gaza safe.
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and securing our borders as best we can. i mean, i have friends, teammates that have been burying loved ones, and these wounds are still fresh for us. so our main concern right now is healing as fast as we can, putting everything to the side and doing what we do best which is getting back to our training. and, again, just keeping our people safe. stuart: are you eager to launch the ground invasion? do you want to go in? >> i mean, i, i want to get the people of israel their -- [inaudible] back as safely as possible. whatever that means, messily. obviously, i signed up to do this, so if i'm called in, that's what i have to do. i don't want to see anyone get hurt, obviously, but at the end of the day whatever orders i get, i'm going to carry out as best i can. stuart: ben, are you ready to
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go? >> personally, i'm ready. my team is ready. and it obviously just is depends on how the situation progresses and what the higher command wants from us. stuart: ben, thanks very much for being with us this morning. we appreciate it. we feel for you. we wish you the best of luck, sir. thank you very much. >> thank you for having me. stuart: join fox corporation in supporting the israel emergency fund in association with the united jewish appeal. just scan the qr code here on donate at ujafedny.org. congresswoman alexandria ocasio-cortez going after netanyahu. what is she saying in. >> calling out biwisconsin for that -- bibi for that 2019 decision to ban rashida tlaib and ilhan omar from visiting israel. listen to aoc. >> i found it shocking when in 2019 or 2020, many our first term of the house of representatives, when prime minister netanyahu banned two united states siding members of
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congress -- sitting members of congress from coming to israel, representatives rashida tlaib and ilhan omar. my own colleagues did not seem to say or do much of anything. that should be an affront to our entire government and country. >> so if that's all you're getting, you may hear that and be like, wow, aoc, that does sound like an affront. but she left out one key informational fact. both tlaib and omar rejected invitations to travel with a bipartisan delegation to the west bank to be briefed on security issues. you'll recall, stu, they decided they didn't want to do that because, let's be realist in, they wanted the photo op, the sound bites attacking israel, and bibi, benjamin netanyahu, said, no, you're not going to do that in my land. if you want to come here and learn about israeli security with a bipartisan delegation, have at it. you're more than welcome.
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if you want to do something different, you can't. stuart: the squad leads the charge, pro-has ma charge, entering lies into the united states congress. that's what heir doing. this is outrageous. >> and we've heard the reporting on your show about rashida tlaib not once, not twice, not three times, saying this hospital attack was not done by israel, yet she triples down because she knows once that gets into the ether, there are people that are going to believe her because she is a sitting congresswoman. and that is wrong. stuart: that tweet, by the way, has been viewed 37 million times, and it's still up there. >> that's bad. stuart very bad. check futures, please. here we go, we've got some green here. dow up 130, nasdaq up about 50. the big stocks we're watching, google and microsoft. they report after the bell later on this afternoon. the opening bell is next. ♪
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stuart: just three minutes to no before the opening bell. dow's going to be up about 150, nasdaq up 61 points. michael lee with us this morning. alphabet and microsoft report after the bell. first of all, google. what are you expecting? >> i expect something pretty good from them. nothing crazy. you know, the stock has an overhang with department of justice lawsuits and some of their anti-competitive practices. but google's made some break trues in -- breakthroughs in quantum computing, they have the sunday nfl ticket on youtube tv or, so i'll be interesting to hear how the the cloud business is doing, search and advertising is doing, but i expect some pretty good numbers but nothing crazy are from them. stuart: i want to hear about youtube. we justed had a guest on telling us 9% of all tv watching is gone through youtube. i don't think they've monetized it properly yet. that could be a really big deal for them. >> look, stuart, my opinion is that google would possibly be
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worth more if they broke with it up because he was all these unbelievable businesses. but without that, you know, they wouldn't have as much control on basically the world as they do right now. stuart okay. microsoft. what do you sea? >> -- see? >> so the key for microsoft is a azure, their cloud business. what does the growth look like for them. the estimates are about 25% year-over-year growth, and that is on a massive business. so that growth in the cloud is going to be the make or break for the performance of the stock. so do we beat this high 25% growth hurdle, or to do we -- or does it come in attic -- at, like, 32 or 23%. a miss -- 22 or 23%. stuart: what about a.i.? i thought we might see some financial results from a.i. in this afternoon's report. >> yeah, you know, this is a company that does hundreds of billions of dollars in revenue, so for them to have anything meaningful from a.i., i think,
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is a long way off. they definitely benefited from being the owners of openai, and i'm sure people will want to hear that. but the growth engine for this company at the moment is the cloud business, and everybody moving to the cloud. and microsoft has, you know, that's a massively growing market, and microsoft has been taking share away from google and from am ason. stuart: your best bent hoe, i think, is meta. you've got 20 seconds. tell me how good it's going to be. >> the the price the earnings multiple in the mid teens, the earnings are going to double year-over-year, so if they can convince the street of their k cost-cutting plans going forward, i think the stock is up for further growth. stuart: okay. we'll find out this afternoon, 4:00 eastern time, on fox business, of course. thanks very much, mike. see you again soon. they are clapping and cheering. we see this every day. they're going to reach forward, hit the button, and the market will open. >> one day i'd like to see them not do it --
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lauren: there was many hands on that button. stuart: we've opened with a nice rally. look at that. the dow is up 147 points, back above the3 3,000 level. about two-thirds of the dow 30 stocks are in the green, that means they're up, and we've opened up with ad modest rally. modest, i don't know how to characterize it. 170 points. fine, leave it at that. the s&p 500, 4,290 is the level. the nasdaq back above 13,000. big tech, i'm figuring they're all up and, yes, they are. alphabet, which reports this afternoon, up 1%. amazon up 1%. meta up nearly 11th. microsoft is up -- 1%. apple, 1 is 73 is your price. some companies reported before the belled today. start with general motors. lauren: wow. stuart: ooh, well below -- i guess the strike has an impact? lauren: they're putting numbers on it.
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that strike is costing them $200 million a week. stuart: ouch. lauren: for the month of october. so they withdrew their full-year guidance. this report are, in my opinion, is all about inflation. if or when there is a deal with uaw, gm is playing 20 plus percent more in wages. that is inflationary. they did say that even with that they can still make money and be profitable, but, i mean, maybe wall street is doubting that. as for last quarter, $3.1 billion in profits, and that was better than expected. stuart: and now they're at $28 a share. how about that? coke e. coli, they were out this morning -- coca-cola. lauren: stock is up 2.7% thanks to price hikes. so the average price of a coca-cola product up 9%, but here's the good news, volumes also grew. is so they told 2% -- they sold 2% more at 9% higher prices. pricing power. stuart: right. lauren: and you have to start the thinking about a coke as an affordable luxury.
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you're going into the deli or you're at a restaurant, you order a meal which costs you an arm or a leg, you're adding on the energy drink, the bottled water, the soda. i know that doesn't say much about where we are, but it's working for coca-cola. look at that, the stock's up 3.7%. stuart: it's interesting what lauren thinks of as luxury. >> if that's all it take, i'm going to run over there and get you a diet coke. lauren: it's another, like, $4. good way to save money. stuart: minnesota mining and manufacturing, used to be -- lauren: good job. up 5% to almost $90 a share. they raised their full-year profit forecast but not because of big demand, only because of price hikes. they acknowledge the consumer is weaker, and they're going to be cautious about further price hikes from post-it notes and the electronic display scenes that they make. also litigation, thousands and thousands of lawsuits with the ear plugs used by the military and also with forever chemicals in some of their products.
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stuart: pay attention to the bottom right-hand corner of the screen. you will see the dow is on a tear, up nearly 275 points. okay, alphabet and microsoft report after the bell, as we've been telling you. lauren, start with, say, alphabet? lauren: mike did a good job. there's optimism on advertising spending and on artificial intelligence. you have the hollywood strikes, that's pushing viewers and also ad dollars to youtube. stuart: yep. lauren: cloud growth. it's expected to be strong for their bard, that'sing google's chat9 bot, but they're also working on something called gemini. it's expected to launch in this final corn -- quarter of the year. overall, double-digit increase in revenue to just shy of $76 billion. that's the expectation. stuart: now deal with my favorite company known as microsoft. lauren: should i tell you shares are down 7% -- stuart: i do know that. i'm aware. lauren: okay. can they convince investors that they're monetizing artificial intelligence, or did
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expectations get ahead of reality? i mean, i think that's a fair point to make. mike was talking about azure, the cloud growth. can it reaccelerate. can they get to, like, 27% growth. and if they can the, what do they say after that, what's their guidance or is the reacceleration of the cloud growth just a one-off. also any news or commentary on how they're integrating activision bliss a ard. stuart: that's right. because they have now got 'em. right now they're at a $331 per share. got that. let's have a look at nvidia and arm. lauren: they just got -- [inaudible] here in the u.s. to make chips for pcs, that's disastrous for intel because intel, more than half of their revenue comes from the chips that it makes and sells for pcs. for nvidia this is all all about beating apple, because apple has custom chips for macs. reuters is reporting that, yes, nvidia and amd are working on arm-based chips for pcs. nvidia plans to have one on the
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market by 2025. so as i see this, invidia dominates the market for art artificial intelligence, and now it's coming for pcs too. stuart: and intel's stock is actually up this morning. lauren rawsh fell yesterday when this came out. stuart: is a look at -- let's have a look at these diet drugs. eli will lily, though slow nor disk, big success. how big is that weight loss market going to be? lauren: four in ten americans are obese, so goldman sachs says the market will hit $100 billion by the year 2030. that's just in the u.s. their projection is based on there being 15 million american adultses on an obesity truck by 2030 out of -- drug -- out of 105 million americans who are obese or overweight. that's just adults. that's not including children. we though these companies are also testing on kids, right? we know that novo nordisk is the
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biggest country -- company in all of europe or, right in lie are lily, heir trying to get -- eli lilly, they're trying to get apyle. stuart: we only started talking about those drugs, what, eight months ago? >> it's going to be the a.i. of drugs. there's a correlation there, right? a.i. just skyrocketed and nobody was talking about it two years ago, now these drugs skyrocketing. stuart: i think we've got time for a few more if earnings reports that came out earlier today, general electric. look at it go. lawrt. lauren: planes are flying for longer periods of time so they need more service, double-digit growth in orders for them, cash flow. final point, not only do did they raise their full-year profit forecast, they did so for the third time. stuart: have we got time for raytheon? lauren: stock up almost 6%. stuart: huge gains today.
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lauren: yep, good day. stuart: border patrol warns that hamashezbollah fighters could be coming across our border, southern border. are they already here? good question. president biden wants more than $100 billion in aid for israel and ukraine. will congress approve it? senate finance committee member bill cassidy can joins us later. and biden wants the ground invasion of gaza delayed. what does larry kudlow think about that? i don't think larry's going to be happiful he'll join us after this -- happy. he'll join us after this. ♪ ♪
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♪ stuart: president biden says there will be no ceasefire in israel hostages are released by hamas. alexandria hoff at the white house for us. what does this mean fors israel's ground invasion? >> reporter: well, stuart, we don't exactly know yet.
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there have been reports that the united states has been urging israel to delay that invasion on the hopes that we would get more hostages out first. but when it comes to something like a ceasefire, the administration has been careful not to the even use that term. you can tell when the president's rephrasing when he was originally asked about a potential ceasefire that that is not going to be part of the conversation until hostages are released. that is something that is not going to go over well with the progressive members of the president's own party. they're going to see that as a blow. they've been urging the president to call for an immediate ceasefire and have not stood by the stance that israel has a right to defend itself. on the president's demand that all hostages must be released first, the white house's john kirby added this. >> i thought the message was pretty clear to hamas, release all the hostages. that needs to be the first move here. they've got to release all the hostages. we're not talking about a ceasefire right now. in fact, we don't believe that this is the time for a ceasefire. israel has a right to defend
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themselves. >> reporter: the administration once again, they have not confirmed those reports that the has urged israel to delay a ground invasion. john kim by did confirm -- kirby did confirm that a, quote, few military officers have been sent to israel there to advise on the looming ground invasion into gaza, so it appears that is still coming. israel's saying the decision remains with us, not the united states. and kirby added hat administration is concerned over humanitarian aid potentially palling into hamas' hands -- falling into hamas' hands but there's been no evidence of the three convoys that have gotten into gaza so far being diverted. and the example of fuel was given as something hamas is desperate to get their hands on, so far no fuel has been part of those three convoys that have gotten in so far, stuart. stuart: alex, thanks very much, indeed. let's bring in larry kudlow who's to got an opinion to share. larry, the president seems to
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want to delay a grown invasion of gaza, possibly he doesn't want it to trigger a wider war. what do you think of that? >> i think he's gone complete wily wobbly, and i think right now he's undermining israel's position. i mean, i don't know, his staunch support of israel, quote-unquote, lasted a few days, a week maybe? now you get all these ambiguous rumors. i know nothing has been confirmed, you know? he asked at the airplane over the weekend are you postponing the invasion for hostages, he says, yes, hen they walked it back. then yesterday what he said made no sense at all. then they tried to walk it back. here's the thing, we need warriors in this white house. not appeasers. and, unfortunately, i don't think we're going to get it. not only should the israel and idf be hands-off allowed to annihilate hamas which is the
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best way to get any hostages if you're going to get any, scare the bejesus out of them, but let us not forget over 30 americans were killed, maimed, heads cut off. john ratcliffe told us that last night on the show. and 10-15 americans may still be held as hostages. and our ships are being attacked. and our embassy in iraq is being attacked. by iranian puppet es. the sanctions on iran have completely failed. iran is now flush with cash. the ballistic missile sanction in the united nations has been allowed to expire. what is it that that they think they're doing here? what is it that they think they're going to do to help israel by allowing all these things? we are at war, the united states is at war, with iran and iran's proxies just as israel is at war. and the question is, who's going to save america and who's going to save israelsome i don't see the bidens do doing it.
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stuart: if we are now appeasing iran, and that's what you're saying, it's not going to work. so what should we do with iran? >> immediately, immediately restore the sanctions. interdict the shipping. impound any vessels that are carrying oil to china or wherever. impound vessels or that are carrying drones to russia or wherever. stop banking. take the israel and third parties out of the federal reserve wire and the clearinghouse banks wire. these were, by the way, these were sanctions that were strictly enforced by the trump administration, and they busted iran. iran was broke. iran had no oil. iran had virtually no foreign exchange reserves. now they're flush with cash. why is this? because the bidens have permitted the sanctions to expire. even on the ballistic missiles, that's expired. look, stu, you've got to have a
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deterrence policy, not an appeasement policy. and probably the best deterrence policy that we've set all along for two and a half years is to enforce the sanctions. strict the enforcements and bankrupt iran again so they don't have the resources to finance all these myriad terrorist wars including the the barbaric invasion of hamas. stuart: you make a lot of good sense, larry. we'll be watching you this afternoon, 4:00 eastern. i want more of this, and i'll if be watching. everybody will be watchingful all good stuff. larry kudlow, thank you very much, indeed. here's what we have coming up for you. the so-called squad, they've got no shame. this group of far-left democrats lies to the american people. you have to wonder how they can be in good stand anything their own party. that's my take coming up, top of the hour. house republicans will meet again today to vote on a secret ballot for their next speaker nominee. the circus continueses, after this. ♪ ♪
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stuart: seven republicans have now thrown their hats in the ring for house speaker. the conference will choose a candidate behind closed doors today. okay. chad pergram on capitol hill. 'd chad, could we see a full house vote today? >> reporter: possibly. it's a roll of the dice. republicans right now are trying to whittle away that list of candidates in this closed door meeting. they will vote by secret ballot later today in this conference meeting, but not all republicans are committed to supporting the nominee on the floor. listen to republican chip roy of texas. >> we'll see. i didn't sign the pledge thing that's going around. i think we need to focus on making sure someone's going to lead this party in the right direction. we'll hear from all nine. there's a number of good guys, there's a number of those guys that i could support on the floor, but we'll see how it plays out. >> reporter: there are seven candidates running for speaker, gary palmer of alabama dropped out. still, lawmakers are optimistic they can settle this soon. it's about the math. the winner can only lose four
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gop votes on the floor. it's a tight turning radius even in the best of circumstances. >> >> i'm just wondering if we get to see punxsutawney phil or we're going to have seven more weeks of winter. we've got to deal with government funding, israel, ukraine, the farm bill extension. we've got a lot to do. >> reporter: nerves are frayed as the house enters its third week in a deep freeze and unable to legislate. republicans are starting to worry about what their constituents think about this turmoil heading into an election year. gop members are embarrassed. >> their as frustrated as we ars as we are, and they're angry. in fact, week i showed some of my anger, and the folks i represent want a solution. we owe it to them. if anything, we have to the act like mature adults and come to a conclusion. >> reporter: now, held be the third the secret ballot -- this
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would be the third secret ballot in as many weeks, they hope the third is the charm. they don't want to go to the floor and lose yet again. stuart? stuart: chad, thanks very much, indeed. pod -- todd piro is still with me. >> we started the show with eight, and now we're gown to seven -- lauren: nine yesterday. >> if you lose one per hour, so we're down to five by the end of the show, and then they go into cavuto and and payne -- lauren: does end up with kevin mccarthy being speaker again? is he the only one that can get 217? stuart: good with question. i have no idea. >> and if that's the case, that really hurts republicans, i think. joe bidens' given them a golden opportunity to win in 2024. if republicans say, hey, look, we messed up the government unnecessarily for -- lauren: war in israel, government shutdown potentially next month.
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apologies. stuart: everybody will forget about this republican nonsense sense in the house. they'll still vote republican next year. i doubt that. this is so bad. it is so stupid that i think memories will be long. i think people remember this. >> i agree with you. stuart: and they should remember it too. if you're incapable of governing, don't get elected. >> happy tuesday, stuart -- [laughter] lauren: i thought you were bored with it? >> my, mr. as always. stuart: quick check of the markets, we're up 200 points on the dow, up 80 on the nasdaq. still ahead, senator joni ernst. brian kilmeade on the embarrassment of house republicans and the plan, if there is one, for matt gaetz. and his new book, kirk cameron is hoping to teach children to love the enemy in a world torn by conflict. he's going to tell us about that. and congresswoman young kim on whether or not she supports biden's $100 billion aid package for israel and ukraine.
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