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tv   Varney Company  FOX Business  October 25, 2023 9:00am-10:00am EDT

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an impact on oil prices, obviously if the u.s. continues to get involved, an even if it's just sending money, that's going to impact us when it comes to the inflation and spending mt. u.s. i think people are being very cautious, i'm feeling it myself, is so i do agree that the pinch coming. maria: and politics plays into this as well, joe. >> it always does, doesn't it? maria: yeah. we'll see9 what the white house says about it. >> and will we see a house speaker finally get to 217 votes, mike johnson. that is the big question of the day, can the cats be herded. >> donald trump weighed in, also on tom emmer. that was an ouch. [laughter] he killed it. >> there wases no djt at the end of that. maria: tiffany, hannah and joe, great to be with you. thank you so much, "varney & company" picks it up now. stu, take it away. stuart: good morning, everyone.
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the united nations calls for a ceasefire in gaza, the white house rejects it. the democrats are divided on a ceasefire. pro-hamas demonstrations on college campuses and cities today again. we're learning iran proxies attacked american soldiers 14 times in the last week, some injuries. blinken threatens iran with a decisive response. no ceasefire, a red line with iran, and today the president holds a news conference. he'll take questions. will he backtrack on his israel policies? find out at 12:30 eastern. the markets dominated not by the war, but by big tech earnings. a stellar performance from microsoft. profits up, cloud business up, stock up $15 is at this point. google going the other way. down, what, that's about 5.9, 6%, let's call it that. that's premarket. what's the problem with google in the cloud business falls short. two big names report after the bell today, ibm and meta.
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ibm walk as we walk up towards the numbers, meta is down $1.80. overall, a mixed picture for stocks. the dow up maybe 50 on the strength of microsoft, s&p down 16, and the nasdaq taking it down 94 points. the interest rate story. the 10-year yielding 4.88%. the yield going up a bit. the 2-year yielding a #. 10 -- 5.10%. the yell going up a bit. bitcoin, we're looking at 34,300 for coin right now. oil, $83 a barrel. yes, 83.70, despite threats of a wider mideast war. gas, unchanged, $3.54. diesel, unchanged, $4.51. all right, politics. congressman tom emmer knocked out of the speaker's race. donald trump didn't like him. congressman mike johnson is the new candidate. he's a conservative republican from louisiana. the house reconvenes at 12 noon, johnson is getting a lot ofport. on the show today -- [laughter] what's the republican party
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going to do with congressman math at gaits? he's the guy who broke kevin mccarthy's speakership, blew everything up and came up with nothing. wednesday, october a 25th, 2023. "varney & company" is about to begin. ♪ ♪ stuart: u.s. troops in the mideast have been urn attack, and now we're learning about some injuries. lauren, good morning. what more do we have on this? lauren: two dozen service members have been wounded, u.s. officials say u.s. troops were attacked at least 11 times in iraq and 3 additional times in syria. this is just in the past week. the drone and rocket attacks are being carried out by third party militias, but the pentagon says they're coordinated by iran, and they're promising to defend u.s. service members israel says it has fended off rockets from
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syria, and it's warning of, quote, damning strikes if hostilities escalate. on this day day of war, at least 332 americans killed -- 32 americans killed, 10 unaccounted for. stuart: join fox corporation in supporting the the emergency israel fund, donate at ujapedny.org. karl rove joins us this wednesday morning. biden has come out as a strong ally for israel, but he seems to have lost the left of his party. will his divided party compromise his policy of support for israel in. >> i doubt it. he has a 50-year history of support for if i -- for israel. he was deeply motivated by an early visit to israel where he met with and established a relationship with the famed golda meir. no, this is important to him, it's part of the fiber of his very being. they'll try to do what they can to sort of keep the progressive,
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anti-israeli left quiet, but there will be some fallout of this politically next year because there will be, particularly in the battleground state of michigan where there's a substantial palestinian-american population, there will be some people who might otherwise vote democrat who are not because of his strong israeli policy. i don't with see him trimming on stuart: are the democrats going to lose some jewish voters? >> they might. but again, he has been strong in his language, he visited the country, there's no, you know, there's no visible break between the two nations. they're, behind the scenes they're clearly pressuring israel to find a different path to invade the gaza strip and engage in house to house, you know,ing urban guerrilla fighting, but receiver the two of them are linked up -- so far the two of them are linked up, and and i doubt there's going to be any democrat jews who say i'm not voting for him because he
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hasn't lived up to my expectations. siewfer stuart in your opinion, is president biden leading strongly in this war in. >> well, the speech was good, and he said the right things. and he did go -- i'm to not certain that was a smart move to do, but, look, the fundamental problem is, is that, you know, delivering a well-crafted speech is not going to solve the fundamental problem that he has which is that the marijuana people see him -- the american people see him as too old and lacking the energy and mental acuity to do the job as president. the poll from cnn is devastating, three out of every four americans believe that. when asked if he inspires confidence, three out of four americans say, no, he doesn't. and the number, the percentage of the population or that are saying he's lacking the skills, the mental a acuity and the strength to be president is growing. it was 50% last year, two-thirds earlier this year in march and now it's three-quarters, and that's not going to get better. i mean, he's old and it shows.
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people have formed a judgment about this, and once having formed a judgment that you're not strong enough for the job with, they may say, okay, we're behind you now, we want you to two get the job done -- go get the job done, but that's one of the reasons why he's in deep trouble. stuart: tom. er was force concern tom emmer was morsed to drop out -- forced to drop out, trump came out against him. voting for a globalist rino like tom emmer would be a tragic mistakeing is what trump said. karl, is donald trump calling the shots in this speaker election? >> well, he has an influence, and remember, you have to get out of the 222 republicans, you've got to get all but 4. so i think emmer took a look at it and said the former president is going to keep, whatever number, 5 people, 10 people, 20 people, you know, from voting for me, and i'm not going to go embarrass myself like jim jordan did with 3 votes, three attempts to become speaker.
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but look, think about this, the republicans look like idiots. october 3rd, matt gaetz and 8 republicans, 7 other republicans, a total of 8, joined with 200 democrats to oust the republican speaker. we have had 22 days pass with no speaker of the u.s. house of representatives with all of the problems and challenges the country faces. we've had four pickingses. scalise went down, jordan couldn't get the votes together three times on the floor of the house. emmer said i ain't gonna stick in this if the former president is coming after me, and now we have a fella who's been in the congress for three terms, he will have the least experience of any speaker of the house since first speaker who didn't have any predecessors. so, you know, if that happens, the republicans look like idiots. and they are because we were led by an idiot boo this problem, namely matt gaetz who had no idea how he was going to resolve this. all he wanted to do was blow things up, and he did.
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and for three weeks, we've seen the republicans being made like they can't govern, and that's because they haven't. stuart: agreed on all points. carl karl rove, thank you very much. america's top banker, jamie dimon, what's he saying? lauren: he doesn't trust the central bank's predictions saying, quote, prepare for possibilities and probabilities not calling one course of action. since i've never seen anyone call it. i want to point out the central banks 18 months ago were 1100% -- 100% can dead wrong. i would be quite cautious about what might happen next year. i also remember about 18 months ago jamie dimon warn of an economic hurricane. we get gkp for the third quarter tomorrow, 4.2% growth. where's the hurricane? speaking of misdiagnosis. [laughter] stuart: all right, got it. thanks, lauren. check futures, please. wednesday morning. dow up 50 # mainly on the
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strength of microsoft, s&p, nasdaq down. eddie ghabour with us. let's start with big tech. google had a disappointing day yesterday. are you buying the dip? because it's way down this morning. >> no, right now we are not buying the dip in technology. and the main reason why is the facts and data have changed since the end of july, and now we think that there's a higher probability that we have some type of credit event sometime in the next six months cue to how high interest -- due to how high interest rates have gone. we had a credit event in march, and the 10-year and treasuries are much better than where they are now. i i think you're going to see the 10-year blow through that 5% number, and the other thing that's going -- it's going to cause is more pressure on that sector. of the credit event has us concerned, so we're back to the our highest levels of cash for the year. we've been between 50-85% cash for most of our clients, we're
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back to that higher end, and that's just how we're actively managing this market right now. stuart: okay. is there one stock or one industry that you're buying at the moment? >> we actually bought energy yesterday on the dip. i think with the geopolitical risks escalating that is an area that can do well in either is scenario. but make no mistake, if we do have a credit event and vix goes to the 30s, all assets will probably drop on a broad-based level, so we do have to reevaluate there. stuart: edie gabor, 85% in cash right now. thank you for joining us. thank you, sir. >> thank you, stuart. stuart: president biden will not put his name on new hampshire's primary ballot, so what does this say about his candidacy? we'll discuss that. take a look at this headline in the new york times, it's an op-ed e, the palestinian republic of fear and misinformation. we're going to hear from a palestinian peace activist, and i'll ask him if he agrees with
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brett stephens' powerful new york times opinion. the israeli military stepped up its bombardment of gaza. biden rejects a ceasefire. a live report from israel coming your way after this. ♪ ♪ overactive bladder? i've been there. i also used to plan my days around finding a bathroom, in fear of an embarrassing bladder accident.
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♪ stuart: no ceasefire, and israel's military is stepping up airstrikes into gaza. trey yingst on the ground in israel for us. the latest, please, trey. >> reporter: yeah, stuart, good morning. the israelis continue their airstrikes against targets along the gaza strip. just a few moments ago, stuart,
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we saw some rockets come off the northern part of gaza aimed at the southernty of ashkelon. we have video released by the israelis, huge explosions as there was an infiltration attempt also a last night, and we heard it here along the border. some gunfire in the distance, flares fire overhead and then the israelis releasing information that at least two a hamas mill 257b9s -- militants tried to infiltrate through the sea into southern israel. as targets continue, the death toll is rising to more than 5700 people according to reports, and we do want to show you what it's like in the second largest city in gaza. take a look. 4-month-old -- this 14-month-odded laws in a hospital bed. the young gazan's mother was killed in an airstrike. their aunt feeds her with a bottle. my sister was protecting the boy, so he wasn't injured, but the daughter, as you can see, is
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injured. i'm sure he feels the absence of his sister. as we say, twins are always connected. since the brute almas kerr in southern israel on october 7th plungedded the region into war, more than 2,000 palestinian children have been killed in israeli airstrikes and shelling. according to the aid group, save the children, with hospitals in gaza running low on supplies, doctors worry that more vulnerable patients could die. [speaking in native tongue] >> other premature babies, according to the minister is expected to the -- the upcoming 48 hours. the life of this baby as -- [inaudible] >> reporter: the ongoing strikes along the gaza strip and the rocket fire coming from hamas and islamic jihad comes as
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the northern front remains very active. heads blah firing antitank guided missiles into northern israel today in an attempt to kill more soldier ors and civilians. stuart? stuart: trey the, we hear you, thanks very much, indeed. trey yingst. joining me now is an idf soldier. where do you sand on the ceasefire -- stand the on the ceasefire which the united nations has called for? >> listen, i think we all see the brutal attack that happened two weeks and a halfal. hamas launched this attack existence israel. the gloves are off -- against israel. and i have to say, you know, i've just seen the report you guys made about the kids in gaza. we in israel have no, any reason to strike the innocent people. we are not doing that. we have no issue9 with the palestinians in this matter. the only thing is hamas. we realizing that hamas is a huge problem not just to israel, for the world.
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the horrific crimes that hamas has done showed us its true face, and we understand that extremist fundamentalism like that, now it's in israel. tomorrow it's in another place, maybe the usa. so when they ask for peace or ceasefire, i don't know what to say. we just saw a movie of hamas if terrorists trying to get to israel from the sea, the mediterranean, and only one reason, to kill and slaughter more innocent people. stuart: fair enough. can i take you back to the beginning of owl -- all of this? what did you do when you first heard that israel was under attack? >> at the beginning i heard it's just a missile attack, ask we're pit used to it. we need -- pretty used to it. we needly jumped from our with bed to reserves in order to protect ourselves. but on that very morning we understood and realized there is something much bigger happening. for some reason i had the whole
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picture from really early stages of this morning, and i rushed to the south for one and one only reason, to save lives. what i have seen there with my own eyes as a civilian, as a father, as an educator, as a guy who cares both for his nation and the world is crime that i have never seen in my life. you know, i was taught when i was young, like other people around the world, like jews around the the world, we all remember the picture of a young boy raising his hand with a nazi soldier holding a rifle against him k. and we promised oust we will -- ourself we will never let manager like that again, jews being massacred for no reason. when i heard and drove really fast to the south to save lives, that was my aim, that was my energy. i wanted to save lives from what happened over there. stuart: major, thank you very much for joining us this morning. we want a clear and accurate picture of what's going on, and you provided it for us. we're very grateful. thank you, major. be well.
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>> thank you very much. stuart: yes, sir. joy behar, arch liberal, going after rashida tlaib for her inflammatory comments about the war. what did he say? lauren: she likened tlaib to trump. that is a very unlikely pairing. watch. >> rashida still will not admit that that attack on the hospital came from hamas. they have video showing it, but she goes out there and lies like trump. lauren: yep. stuart: she had to bring trump into it. laura: -- lauren: yeah. but tlaib, as we said yesterday e, she's tripled down. she wants an independence investigation. independent investigation. behar's not the only liberal that's blasting her. democratic members of congress are welcoming a resolution that would censor her. so once the house elects a speaker, maybe they can do that. stuart: thanks, lauren. better check futures, please. it's wednesday morning. where are we going with when the market opens?
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dow's up about 60, but a significant loss on the nasdaq, down about 100 points. we'll take you to wall street shortly. ♪ (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. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when our clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different.
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stuart: mixed picture on futures, dow up 50, nasdaq down 100 as we approach the open on wall street. ray wang with us this morning. ray, i know you're a tech guy. i want to go rapid fire through some of the big names. start with with meta which reports after the bell this afternoon. what are you expecting? >> you know, we're seeing an overall increase in ad steals -- sales, we're also seeing some growth on meta in terms of total active people, looking above 3.08 billion people, and, of course, you're seeing input on a.i. for a lot of this growth, it's looking like an 18-19% growth. stuart: so you're looking positive on meta, you're positive about this? >> yes. overall, ad market is doing well. stuart: okay. i have to ask you this, the metaverse, big deal were meta some time ago. would you be pleased to the hear that they're just sidelining the
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meta versesome would you like to hear that? >> i would love to hear that, but the reality is they're still working on it, but they're also doing a lot of investments on a. i.. it's kind of put to the side, but it is still the future for them in terms of how people are going to experience meta in the next 3-5 years. stuart: ibm reports after the bell this afternoon. what's your outlooksome. >> there's probably still going to be growth, but it's going to be the flat. they're seeing consulting as a flat area. and, of course, hard ware main people in are starting to stabilize, and you starting to see that pick up. i think the tough part is about integrating red hat growth on the software side, of course, seeing growth op on watson x and a.i. take hold. stuart: so you're not expecting a big deal out of ibm this afternoon, right? >> it's probably flat and declining revenue, heir going to make numbers but have declining revenue growth. stuart: okay. tell me what went wrong with
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alphabet. we were all expecting that the youtube the, part of the division youtube, would do very well and monetize. it didn't happen. what went wrong? >> yeah, they're not seeing the growth that they're expecting. i think a lot of it's coming from some pressure that's coming from microsoft in terms of ads. and, of course, the viewership, right? we've seen post-pandemic viewership is down in jen, but overall -- in general, but i think the cloud area is where they're seeing slowing growth, and the market's reacting to the 22% growth in the cloud as opposed to expecting a 340% growth in the -- to % growth -- 30% growth overall. stuart: is meta your favorite big tech sock? >> meta actually is one of them and microsoft at the moment is the other favored big tech stock that's going on right here because of how they've been doing in cloud growth and, obvious, how they're monetizing a.i. e. we're seeing a separation between companies that talk about and making a.i.
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stuart: how did microsoft talk about monetizing a.i.? what are the results of hair investment in a.i.? did they come out with it yesterday? >> yeah, they did. they talked about what's going on, their azure growth is driving a.i. adoption, and they're embedding it in every aspect, co-pilot, you're using it in applications, in teams, all your other apps that they use in microsoft, and you're seeing that drive some monetization is. stuart: look, i own a thin sliver of microsoft, and it's going to come out and trade today to at $345. do you have a target price above 345? >> yep, 380 is the target price, and part of the reason is because they're going to be one of the players that are going to survive in terms of the a.i. wars. stuart: perfect timing. the the market's about to open, and he recommends microsoft. you're a good with man. ray wang, come back soon. the bell is pushed -- the button, i should say. there you go, we're off and is and running. the dow has definitely opened
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higher, 58 points, 59 points as we speak. it's a mixed picture on the dow 30. there's a preponderance of sellers, about 9 or 10 winners at this point, so it's a mixed picture for the dow 30. s&p 500 also on the upside today. sorry, it's opened, i should say. down though the, down close to a half percentage point. nasdaq composite also opening lower, down tree-quarters of -- three-quarters of 1%. let's look at big tech. where are's the action? microsoft way out front, on top there, up $15, 14, very solid gain. 4% up. apple, meta, amazon, alphabet down. let's take a closer look at microsoft if. lauren's with me. what was so good about their report? why have i got such a big smile on my face? lauren: azure growth, 29% growth rate, that has been called absolutely phenomenal. that is the cloud that hosts a.i. it thrives. microsoft if is cementing its early front-runner status when
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it comes to a.i. this is what's going on next month, this is what investors are excited about: tens of thousands of businesses will pay microsoft $30 per user, per month for their co-pilot. that's their a.i. assistant. so a.i. is integrated into all of their products. that's why they're spending over $11 billion on, that's their most recent quarter, on a.i., and that's more than google, that's more than the others. that's why the stock is up almost 4% and leading the dow jones industrial average. stuart: it's a wonderful thing. love this. does google have a cloud problem? i know the answer is yes, but how big a problem? lauren: look at the stock, down 8.33%. the issue with cloud is not that it's not growing. it's growing by 22%, but that's the slowest growth in 11 quarters, and it's slower than microsoft at 29%. google, i just told you microsoft is spending $1.2 billion -- 11.2 billion on a.i., google is spending $8 billion on
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a.i. so microsoft's the leader here. if you pull out the cloud underperformance, revenue did rise by # 11%. digital ad sales were strong especially on youtube. it was not a bad report card, it just didn't have the a.i. buzz that investors saw with microsoft. stuart: might expect to see a little dip buying when you're down 8% on a stock that the big. lauren: yep. stuart: you might expect it, it's not coming just yet with. lauren: what is the tone of tech today? alphabet's stock is up 67% this year. that pales in comparison to players like meta. so, yes, you buy the dip when it's only up 57% and yo it's getting an 8% haircut today. stuart: are you buying the dip? lauren: me? no. stuart: meta reports after the bell. what's expected? >> the the year year of efficiency. they are doing well, impressive considering all these regulatory headaches. i mean, look just yesterday multistate lawsuit accusing meta of designing products that are both with addictive and harmful to children.
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also we want to know did their ad business recover, 98% of their revenue comes from the ads they feel on facebook, ins garage, reels, whatsapp and most recently threads. how's hit -- how's e it doing? stuart: the stock's down $5 premarket. stuart: but it's up 160% this year. stuart: okay, i take that back. [laughter] snap, they reported yesterday. they're on -- at one point it was up 10%. what's the story now? it's up 4.7 -- lauren: surprise growth can. two quarters of declining sales, revenue rose again. this was impressive, daily active users up 12% to 406 million people going on snap and doing some silly little video that -- stuart: 400 million people do in this? lauren lauren yeah. but look at x, twitter, 180 million.
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they've got a lot more daily active users. the ceo said, look, we get a lot of revenue from advertising. with the war on israel, advertisers have paused their advertising. we need to know does this pause last longer, and does it increase in magnitude. having said that, the stock is still up almost 5% because that was a dire warning, if you can ask me. stuart: if you ask me. [laughter] dire warning, all right. let's run through some companies that have reported already. start with boeing, please. lauren: stock's up. the they trimmed their full-year delivery targets for their cash cow plane, 737, because of quality issues with the supplier. boeing gets the bulk of the payment when they deliver the plane, and they've lower that target. investors do not care because they upheld their guidance, and right now boeing is the second best with performer on the dow jones industrial average. stuart: we've reported a lot of hotel chains that have been doing very well, and hilton has reported. stock's down even though didn't they have record room rates? if. lauren: yeah. i can't figure this one out.
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higher hotel occupancy, they beat and raised their forecast, so -- stuart: go figure. got that. norfolk southern, that would be a railroad. lauren: okay. they're down 1.6%. the train derailment in east palestine, ohio, back in february pushed their profits down by 41%. litigation and cleanup costs have swelled to nearly $1 billion. and they're also shipping less because of reduced demand. so it was a pretty bad report card overall, and i would say down 1.5% isn't too big of a deal considering, you know, the scheme of things. stuart: t mobile, cheaper phone plans. lauren: they work. oh, this one's down too. their eps rose by 355%. they added 850,000 wireless subscribers. that's nearly double verizon and at&t combined. because the cheaper phone mans are attractive -- plans are attractive. stuart: this time yesterday a lot of the big names went
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straight up. this time today a lot of hem are coming down, surprisingly so. you've got to tell me about bud light. still trying to dig out of the dylan mulvaney controversy. i me they've got a big new partnership, and you're going to tell us who it's where. lauren: ugc. i think of maas -- ufc. i think of maas writtenty and a conservative image. am i wrong? i think the question is why would ufc team up with bud light? i'd imagine they're paying a lot of money. but this partnership is contrary to americans' drinking habits. we're drinking less bud light, more modelo. modelo is the number one beer in the country, and their partnership with ufc ending. -- is ending. now bud light is getting in. stuart: thanks, lauren. coming up, senate majority whip john thune, he just returned from israel. i'll ask him if people wanted a ceasefire. anti-israel protests popped
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up across the country. liberals seem to be surprised by anti-semitism and intolerance at elite institutions. where have they been? haven't you seen this before? liz peek on that. the big question i've been asking for weeks, what should republicans do with matt gaetz? florida congressman carlos gimenez will have an answer for us next. ♪ ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms.
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stuart: all right. 11 minutes into the trading session,s big drop for the nasdaq. it's down 170 points. modest gain for the dow. show me big tech, please. i've got to tell you this, microsoft straight up. microsoft is a dow stock, and that accounts for a gain with of 100 pointsen the dow. in other words, if it wasn't for microsoft, the dow would be in negative territory.
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check the 10-year treasury yield. regate by, that's moving up a lot, 6 basis points, 4.89 is your quote. louisiana congressman mike johnson has become the republicans' fourth nominee for house speaker. a vote's expected early this afternoon. chad pergram on capitol hill. you do the math. does johnson is the votes? >> reporter: stuart, it will be on the edge. johnson is the latest speaker nominee after the rank and file burned through the entire leadership team and jim jordan. johnson could be speaker by early afternoon. he says democracy is messy. >> we have a very busy agenda, we have appropriations bills to get through the process, but you're going to see this group looking -- working like a well-oiled machine. we owe that to the american people. the people up here have been isn't here by the people of this country to do this job, and we are going to do it well. we commit that to you. >> reporter: johnson defeated byron donalds in a late night, closed door vote.
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only hours earlier tom emmer bested both john johnson and donalds. emmer was out after four hours. only 204 republicans voted by secret ballot last night, that led some to question whether johnson can win on the floor today. >> he's got his pulse, i think, on where the american people are. and, look, there was a lot of unity in that room. there's people who were absent, it was late. but looking at the list, i don't see any serious hiccups there. we'll see tomorrow, but i don't see any obstacles tomorrow. >> reporter: gop arizona representative ely crane was one of the eight republicans who voted to out former speaker kevin mccarthy earlier this month creating the impasse. crane said his constituents opposed tom emmer. >> change is difficult. i've been saying it the whole time, it's uncomfortable. but when you get yourself in a mess like we've got ourself in as a country, it's going to takl to get out of it, right many i'm just grateful that i think we got a speaker nominee that my
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voters can get behind, be proud of. >> reporter: so the vote could come shortly after 1 p.m. eastern time. the winner needs an outright majority of all members voting for a candidate by name. johnson can only lose four votes and still prevail. stuart? stuart: got it. i can do the math. thanks very much, chad. congressman carlos gimenez, republican from the great state of florida, joins me now. welcome back, congressman. does johnson have your vote, sir? >> yes, he does. i think that today he'll be ratified and elected as the next speaker of the house. although there may be an 18, 15-18 people who are not present there yesterday, i think that, i think mike's going to pull it off, and i think we're going to have a new speaker. stuart: you are not a fan of matt gaetz, i understand. >> no, i'm not. [laughter] stuart: what should republicans do with him? >> well, that's up to the people in his district. so we all represent districts
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that have wide ranges of views and all, and so i'm not a big fan of his, i'm not a big fan of ely crane because they're part of the gang of eight that got us into this situation to begin with. you know, my personal preference would have been to have kevin mccarthy come back and remain as a speaker. he's been a proven leader. but i think that the entire conference can rally behind mike johnson. he's a good man, he's a good conservative, and he will have my vote. stuart: tom 'em ier -- emmer dropped out were quickly, just hours after getting the nomination, and we understand he dropped out because former president trump was harshly critical of him, called him a rimo. is trump kind of running the speaker election? >> look, i know that president trump had an effect on this, but tom emmer, tom emmer had problems right off the get go. when we we kid a secret ballot -- actually, no, roll call, who would vote for tom
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emmer on the floor, he was really significantly short, and i thought he was going to have a really tough, uphill climb. and i think that when the president, you know, said what he said, it kind of, you know, sealed his fate. but tom was going to have a problem regardless of either the trump endorsement or not. but the president has significant impact, but he was already in trouble before that. stuart: you are a trump guy, i believe, still a trump guy. >> yes, i am. stuart: gaetz is a trump guy, etc., etc. -- >> i'm not an arab, hey, what can i tell you, you know? look, the friend of my friend isn't necessarily, you know, the enemy of my -- we can have, that's okay. stuart: have you got a lot of pressure from your constituents who are kind of fed up with this mess in the house? >> look, they want it to be over. the gang of eight put us in this position. we've had chaos for close to three weeks, if not three weeks now. unnecessarily so.
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the eyes of the world have been on us instead of being rightly on the biden administration and the disaster of the biden administration. also what we need to do with our ally in israel, and so, yeah, that was totally unnecessary. and, you know, they're going to somehow claim some kind of victory. yeah, he was for scalise when he went down. oh, he was for jordan, well, he went down. he was also for emmer, and now he says, well, i was really for mike johnson all along. i think mike johnson is the right choice at this time because if somebody can bring unity back to our conference, it's something that we desperately need. he's a gooden man. plus, one other thing too, you know, kevin mccarthy and mike johnson have something in common, they're both sons of firefighters. as you know, i'm a firefighter-paramedic and the only one, career firefighter-paramedic to be elected to congress, so i'm really happy that there's firefighter roots there too. that's what makes both of these she gentlemen really good men.
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stuart: i didn't know any of that. [laughter] i'm sleazed you filled us in. congressman gimenez, we always appreciate it. >> it's my pleasure. stuart: hillary clinton found herself in an unfamiliar spot. she was heckled. how did she react? lauren: she didn't like it. nor being interrupted for three minutes by an a anti-war activist at columbia university, no less. >> who is -- >> [inaudible] war-mongering speech. president biden. 's going for $100 billion of funding for israel, taiwan and ukraine. bundle these together and pretend hike we're going to -- >> i'm sorry, you know, this is not something -- this is not the way to have a conversation. if you want to have a conversation, you're welcome to come talk to me afterward. >> -- president is not speaking to the american people. >> well, that's your opinion. that's your opinion -- >> [inaudible] >> well, then sit down, we've heard your opinion. lauren: a lot of people are saying that he can eler is a hero because he stood up to the
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clintons. stuart: okay. [laughter] she reacted. of that was interesting. thank you, lauren. coming up, today the marks 40 days of the uaw strike. jeff flock will tell us that the ripple effects are really hurting. jeff is next. ♪ ♪ this is a special alert. israel is under attack and israel's enemies
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stuart: the autoworkers have reportedly lored their demand for a wage increase. they're now open to 25%, and that will be down there from to 40%. jeff flock with us now. all right, jeff, what are you hearing about this reduced wage demand? >> reporter: well, stuart, we got a pretty firm pushback from the uaw, a pretty firm no comment, i should say. and usually when there's something they want to push back against or hay want to shoot down, they will say quite clearly we're shooting this down. and they're not doing that now. so i would, my sense is that that's a positive, that's probably some sort of confirmation that they have moved. you know, the union has taken a lot of criticism in some circles for not being more flexible and sticking to the their demands, you know, too much. we are here at a ford dealership in the philadelphiaing suburbs.
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this is john kennedy ford, and as you can see, all the bays are full. that's because ford has not been struck at its parts facilities. gm and stellantis, not so much the case, and that's made it very difficult for people to get the parts to repair their vehicles. and that has put a real dent in the suppliers, the people that make those parts. take a looked at these numbers. 84% of suppliers say they have had canceled orders so far in the strike. another almost 40% say they have already laid off workers. or and that is in addition to the layoffs, of course, at ford, gm and stellantis, the auto makers. that number now if you put 'em up, total 'em all up, it's about 7,000, more than 7,000 folks laid off. so this collateral damage from the strike hasn't gotten a lot of coverage and attention, but that's kind of where we are right now. and i think, you know, at some point this thing goes long enough, you start to get awe to the workers themselves to question the strategy like, wow, sounds like we got a pretty good
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deal, maybe we ought to take yes for an answer. but the union remaining strong, and just yesterday expanded the strike. it continues, sir. stuart: yes, it does. all right, jeff, great report. of thank you. we'll see you later. now, let's get back to the markets. it's all in the red now, especially the nasdaq which is down 1.4%, significant crop there. by the way, google, that's having its worst day in a year. it's down 8%, 126 per share on google. still ahead, there is a choice to be made. eradicate hamas if or bring all the hostages out. maybe you can't do both. that's a dilemma. senator john thune will join us on that. the off-duty alaska pilot says he took magic mushrooms before trying to shut down the plane's engines. what does dr. marty makary think about legal magic mushroomsesome biden skipping out on tradition. he won't put his name on the new hampshire primary ball o. martha healthcare call lumbar ree acts.
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jewish-americans are not feeling safe, many are arming up. jason rantz will be with us. the 10:00 hour is next. ♪ ♪ this is spring semester at over 13,000 us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack on a chromebook. which is why thousands of schools like the fairfield-suisun unified school district switched to google tools for education. so they can focus on teaching and 22,000 students can focus on learning, knowing that their data is secure.
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