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tv   Cavuto Coast to Coast  FOX Business  October 25, 2023 12:00pm-1:00pm EDT

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that's it. awful i stuff. how many pieces are produced each year? ashley? ashley: wow. you are really hating this question, aren't you? ooh i'm going to go with 9 billion, number three. stuart: any reason why? ashley: i don't know. [laughter] i'm saying -- i'm thinking 12, but i went with 9. stuart: at least you're honest. lieu bass niece. >> i don't carry about candy corn, but i'm going to go with 6 billion, because that's fewer than people on earth. stuart: i'm going to go with 3 billion on the grounds that we're expecting -- oh, no, it's not, it's the 9 billion. that's about 35 million pounds of candy corn. okay. we're done. lou, thanks for sticking around. ashley, thank you very much for being with us, as always. ashley: you're welcome. stuart: "varney & company" is done. "coast to coast" will start with candy corn coming now. [laughter] neil: all right, stuart, that
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one is going to be a hard one to top. we are looking at the white house, you're also looking at what's going on in gaza right now. the two are linked because the president of the united states and the prime minister of australia will be talking to reporters moments from now. this occurring on the same day we're learning that u.s. military advisers have been urging israel to avoid a full scale ground assault in gaza and that this is beginning to impinge on israeli military commanders or who do not like being strongarmed that way. this is a story coming out of "the wall street journal." we're staying on top of it, as is edward lawrence in the rose garden as we seek at what we can expect to hear from the president. hey, edward. >> reporter: i was supposed to be in the rose garden, the news conference has been moved now to 1:15 eastern time, so they would not allow us into the rose garden to do this live shot as of yet, but into the next hour. we're likely to hear questions to the president about the awe attack from hamas on israel, also about the growing conflict in the middle east. there's a live shot of where the
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news conference will happen. the white house has been saying a ceasefire helps hamas, but a humanitarian pause in shelling would possibly allow that humanitarian aid to get back in. now, we should hear some clarification as to exactly what, how long do you wants a humanitarian -- constitutes a humanitarian pause. the australian prime minister will be are meeting the chinese president next month in beijing, president biden might also meet president xi here in the united states. the chinese president saying today that he's willing to cooperate with the u.s. only if the united states and china could establish the right way of getting along. we're also listening for the president if he addresses iran. which he did the not mention in the arrival ceremony. listen to this. >> together we're standing with israel against hamas terrorism, we're standing with ukraine against putin's tyranny, and we're providing and proving that a democracy are can deliver on
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the challenges that matter most to people's lives from climate change to cancer. >> reporter: so i wanted to know if the current energy policies in the united states which has played a role in the rising price of oil helped iran financially. listen. as the price of oil goes up, is that giving iran enough money to fund these terror groups? >> there seems to be a big jump, and so -- [laughter] i'm certainly not going to speak to that type of hypothetical, sounds like a hypothetical so, certainly, i'm not going to wade in. >> reporter: [inaudible] >> i'm just not going to weigh into a hypothetical here. >> reporter: and the white house now confirming 13 attacks by proxies of iran against u.s. bases in iran -- in iraq as well as syria. back to you, neil. neil: you know, edward, what i notice when someone doesn't want to answer questions, they can normally say something like that, it's a hypothetical. if you think about it, every question is kind of like a hypothetical, you know? >> reporter: and i don't know how much of a hypothetical it
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is. you -- neil: no, it was a great question. >> >> reporter: -- iran has made an extra $40 billion in revenue since 2019, that's a fact, and that's because of oil. neil: the good news is you're still on the white house grounds. [laughter] you survived. edward, thanks very much is. edward lawrence at the white house. we've got steve daines with us, the montana center, republican senatorial committee tear. senator -- chair. senator, we don't know how this whole ground invasion will time out and sort out. we do know from these "wall street journal" reports that u.s. military advisers are kind of urging israeling -- that might be putting it kindly -- to avoid a full scale ground assault in gaza, presumably to make sure everyone that wants out can get out, but what do you make of that? >> well, look, this is a moment where moral clarity is badly needed from the biden administration. not only for israel along with the united states, but for the
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world to clearly stand with israel. and standing with israel means allowing israel to do what it needs to do to protect itself. to have the biden administration starting to manage the ground war in israel is wrong. let israel lead. let them do what they need to do to protect themself. and i'm just absolutely appalled by the fact that president biden will not link iran to what's going on with hamas as well as hezbollah, as well as the houthis in yemen. this war is funded and supported by the iranian regime. why can't the president of the united states say we stand with israel, let israel do what it has to do to protect itself and to condemn iran in instead of condemning iran, of course they unfreeze $6 billion of frozen assets with that crazy hostage exchange. and as you just reported, have freed up $40 billion of oil revenues for iran at the same time president biden is shutting down the keystone pipeline,
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shutting down american oil production in places like alaska and around the rest of our country. the travis right here, neil -- the contrast right here, neil, is black and why not. and president biden's policies side with softening and appeasement with iran, not standing with israel. neil: just to clarify to your point, senator, and they're all very good points that a lot of these actions were pre this attack, but the attack has now presume by changed everything. we do know at least 24 u.s. troops who have been injured in takes since the gaza war began, iran likely behind all of that. we know also that saudi arabia struck down a houthi missile. of course, the houthis, of course, have their backing from iran, so there's a lot of there there. what do we do about it, or do we go ahead and agree that if israel were to take on iran, it should or should we follow up and do the same? >> well, as you, as has been reported here across many, many channels, the houthis -- which
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are an iranian-banked group -- launched cruise missiles, intercepted by a destroyer in the red sea. so they're hooting at israel from yemen -- shooting at israel from yemen, shooting from across gaza. and, neil, suggestion general weeks -- just seven weeks ago i was on the lebanon border, the northern border. what worries me greatly is hezbollah. hezbollah's been digging these terror tunnels from lebanon into israel since 2014. i went down in those tunnels seven weeks ago and saw it firsthand with the israeli defense forces. painted inside those tunnels in arabic it says on our way to jerusalem. hezbollah is a much greater threat to israel right now than hamas is. they have 130,000 missiles and rockets pointed in southern lebanon at israel, and they embed these in hospitals, many schools -- in schools, in mosques because these terrorists have no value for life.
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they're using human shields, innocent people here, to defend their terrorist ways. and this is where president biden should stand the up and call it like it should be seen, iran is behind this. that is the evil regime that says death to america, they call us the big satan, they call israel the little satan. why can't president biden say that publicly? because it's important that he's clear who the good guys are and the bad guys -- neil: let's say he does start saying that kind of thing, and you're right, we haven't heard that word for word. but then the next, you know, expectation the would be that we get tough on them, but how should we get tough on them? >> well, look, one hinge that the middle east responds to -- one thing that the middle east responds to is strength. but it also responds to weakness. president biden's weakness has emboldened the iranians to do what they're doing right now. they're not afraid of him. it is strength that keeps peace, as ronald reagan always said. that's important in the middle
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east. what president biden's doing is he really has an appeasement strategy with the iranians. he wants to bring them back to the table. we need to bring iran down to its knees. that that's why the sanctions from the last administration under president trump were working. shut down oil revenues, put iran in the corner. instead, he's off meddling with the israelis telling them how to manage their ground war? that's wrong. neil: got it. senator, always good seeing you. steve daines of montana, be well. >> thanks. neil: at the corner of wall and broad, kind of a flat day so far. but, of course, the nasdaq's getting pounded. a lot of disappointing numbers out of alphabet is weighing on that index, careening down about 240 points, that's about 2%. tim anderson at the new york stock exchange. tim, what's going on here? >> well, clearly, the market has taken on a much more defensive posture over the last couple of weeks, and the middle east situation plays into it a little
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bit. but also we're right in the heart of earnings season right now. you mentioned google or alphabet down quite a bit, but it was right up near its all-time highs. and when stocks are right near their all-time highs, they have very little room for any type of a miss when it comes to earnings. people are a little bit concerned about their ad revenues going forward, and the, there is also some selling, profit taking in other big cap tech names. because of that, the nasdaq is the leader on the way down today. neil: you know what's interesting too, tim, you and i got into this before when all this started in the middle east, that the market impact had been limited. there had been ore worries, a backup in interest rates and inflation, that seemed to be relatively short-lived.
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now the focus seems to be, as you anticipated, on earnings. but you notice some weird activity going on with the early interest in oil that since dissipated, the early interest in gold that has dissipated somewhat. but the one area where it's not is in bitcoin, now once again flirting with the $35,000 a coin level. it's an interesting play or defensive play. what do you make of it? >> well, it could be getting a little bit of a flight to quality play. neil: right. >> gold has rallied from 1825 up to very close to 2000. neil: true. >> clearly, a little bit of a flight to quality or a hedge against global escalation play. but also there's some things specific to bitcoin in terms of many people feel that the sec is on the verge of finally allowing or sanctioning a couple of bitcoin-dominant etfs finish. neil: right. >> i'm not totally up on that
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story, but with i know that that's out there, and that's responsible, i think, for a good part of the bitcoin move above 30,000. neil: you know, the markets are not responding to this, you know, israel crisis as they did 50 years ago, the last one, of course, with the yom kippur war that started and ultimately led to an oil embargo and inflation. you and i might remember it, maybe me more than you, but we remember that. and i'm just wondering why we're not seeing that now. i understand, certainly, it's a different world. but the markets are handling this in relatively good stride. what do you think? >> look, the history of these israeli conflicts with usually what are always non-nation entities, is that they don't really go on for very long. and i think that the market is on edge here, and it seems a little funny to say it, but when the ground war into gaza does
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start, i think that that's when the market will rally sharply because that would be a signal to the market that a it's going to be, it's going to be very sharp, very quick, and then we're going to be at the end of it. and as long as the market can see the light at the end of the tunnel, no pun intended, it will applaud the beginning of that action. neil: we shall see. tim, great catching up with you. tim anderson, managing director at tjm investments, from the floor of new york stock exchange. thank you, my friend. all right, the dow's down about 22 points here. the nasdaq is taking that big pounding here. of course, technology stocks are coming out with numbers, and for every microsoft that surprises on the upside, there are worries about a google or alphabet that gives you questions about momentum. we are following the house, meanwhile, set to vote on a speaker, the fourth in a little more than three weeks. the betting is that louisiana republican mike johnson has a serious chance of making it over
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that hurdle. and getting elected speaker. it would be the first one we've had in close to the a month right now, but there are little surprises that pop up along the way. we're on top of that and so much more after this. (bobby) my store and my design business? we're exploding. but my old internet, was not letting me run the show. so, we switched to verizon business internet. they have business grade internet, nationwide. (vo) make the switch. it's your business. it's your verizon. ♪ tourists tourists that turn into scientists.
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♪ neil: you know, it always scares me when we say this time it could be different, but getting ready for another vote is, another shot at deciding who the next speaker of the house will be, the fourth time in a little more than three weeks, but trucked be some traction for one traction for mike johnson, louisiana republican. chad pergram on capitol hill with more. chad. >> reporter: good afternoon, neil. well, it does seem a little bit different this time around. if nothing else, for exhausted members going through these roll call votes and relentlesses committee meetings and secret ballots where they've been nominating speaker candidates the past couple of weeks here. mike johnson indicated a couple moments ago he thought he would be able to get to 217 votes. keep in mind that the support for him is much broader than what we saw for jim jordan and steve scalise, the two other nominees -- three if you include tom emmer here who was only the
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nominee for about four hours yesterday afternoon. and it seems as though, you know, all of them had probably more than 20 republicans who were opposed to them. if there are any supporters, it's down to the single digits here. keep in mind this will be about the math. he can only lose four votes on the floor, so even9 if the support is broader, he could still have a problem if he has maybe six or seven people who don't vote. but i've talked to a few people here in just the past couple of moments who were members who were on the fence about supporting jim jordan and some others at different points here. kay granger voted against jim jordan last week, chair of the appropriations committee. she candidated -- indicated to me that she would vote for mike johnson on the floor today. ken calvert, a republican from california, he had to have some cajoling to support jim jordan. most significantly here, you had mike rogers, the chair of the armed services committee, who last week said he would not support under any circumstances jim jordan and then switched his
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opinion a couple of days later. and so all of them have signaled that they are for mike johnson when he goes to the floor later today. what they're doing right now is they are having what they call a call of the house, a quorum call, to determine how many people are actually going to be here. if you have all 433 members here and they all vote for somebody by name, then the magic number is 217. and this is why it is the always so hard to calculate what the precise number is, because you don't know how many people are here and how many are determined not to vote present or somebody who's absent or has a doctor's appointment or a sick child. we don't really know. but this feels a lot different today. and keep in mind that a if he is elected, mike johnson would be the least senior speaker of the house that we have had since john carlyle. he was the speaker of the house from kentucky back in the 1870s. both johnson and carlyle had served in the house for four years before they were elected
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speaker. neil? neil: is there a possibility too if this fails of going back to the drawing board in maybe they called it, i think, a unity ticket comprised of kevin mccarthy and jim jordan? it didn't quite make sense to me, but could you flesh that out? >> reporter: there was still an effort last night, and i talked to kevin mccarthy about that. he said he wasn't behind it. he said some rank and file members were pushing that where they would maybe bring kevin mccarthy back and have jim jordan as the assistant the speaker. there was nothing written down on paper, this was just kind of chatter. i'll tell you the operative scenario, i talked yesterday we david joyce, republican representative from ohio, who said if they lose on the floor again, he has this resolution that he would bring forth that would compel the house to vote to elect patrick mchenry, the acting speaker pro tem, and elect him as the elected speaker pro tem. there's a nuance there, neil, but it's a very important distinction because if you elect
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a speaker pro tem, then the house can get back to business. they can pass bills, they can debate. they can't do anything until they get the speaker, and that's why this cryogenic freeze is really driving some of the members batty right now, because they can't do anything. it's just groundhog day over and over again as they try to elect a speaker. some members are, like, let's just get back to legislating as they stare at a government shutdown in about three and a half weeks and also have to deal with this package to fund israel and also ukraine. neil: got it. chad, thank you, my friend. chad chad pergram, he'll be following this tick by tick. if we have any news, of course, we'll passes that along. we've got the messenger national politics reporter, dan, i was looking at some of the background concerning mike johnson, louisiana republican who seems to have a good shot at this. he is the fourth candidate speaker, but he checks off a lot of boxes for a lot of the more conservative members. for example, he was a close ally of donald trump. he served on the former president's defense team during
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those two impeachment trials in the senate. also contested the results of the 2020 election. also urged trump to stay strong and fight those charges. he objected to certifying joe biden's, you know, electoral results. so for that crowd, he would be perfect. i'm just wondering how it jibes for others. how do you think? >> what's interesting is that that he seems to do a lot of the work that republicans want to do, he does it quietly where a lot of republicans like a jim jordan, in fact, do it quite loudly. no disrespect to the congressman, but he's a pretty nondescript member of the congressional body. i think there's a lot of people in d.c. who probably really didn't know who johnson was yesterday. i even liked on google trends yesterday, and his line was basically straight up because a lot of people don't know who he is. and that in many ways has helped him. he hasn't built up enemies in the republican conference, and that has led him to a place
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where, as a chad pointed out, he would be a very junior member to be elevated to speaker. of he's held a few lower tier executive positions in the house republican conference, but this would be a huge jump for him. it would change his life, it would change, certainly, the work that he has to do. he now is going to be tasked, if he does become speaker, to raise millions of dollars for vulnerable house republicans running for re-election this year. it is interesting though, you correctly point out he is very conservative. he was a member of the louisiana house of representatives before he went to congress. he had a very key record there. -- conservative record there. he's had a very conservative record on abortion, gay marriage, the 2020 election where he continued to push the falsehood that the election was stolen. that has sunk other candidates in the past, other republicans have said they would not vote for somebody who questioned e the 2020 election. i think the mere fact that johnson is largely unknown, doesn't have a lot of name recognition, doesn't have a lot
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of history in the house ends up helping him here where he may be the only candidate that can actually get to 217 or 216, whatever it ends up being, needed to win. neil: yeah. you know, dan, what i was thinking though if there's any doubt that donald trump holds significant sway over at least house are republicans, that's been removed. he was not a friend of tom emmer, house majority whip who went down in flames, largely because with donald trump made a point of mentioning he's a rino, and that finished that. but it's a very different breakdown can of the mood among republican senators even though they don't control the senate. they have a very different way of thinking. i was just wondering what you make of that? >> there's a different calculation, frankly, when you're up for reelection every six years versus two years. the house is supposed to mimic the whims of the country more directly, and every two years you're up for reelection, you do have to tie yourself more closely to the most powerful force in your party. and if anybody had any doubt
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that trump was the leader of the republican party, he certainly has been, you know, since he was elected in 2016 and his power over this whole process, you know, certainly reflected that. now, democrats on the other hand, they have celebrated the chaos in the house. but i think there have been some democrats who have worried about the fact that, yes, this is good for them politically, the republicans looking like they're in disarray. they haven't been able to check the president. house republicans have been the main check on the president over last few years. that has kind of stopped during this speaker fight, but there's a lot looming now. president biden wants to fund aid to ukraine, aid to israeling, a number of other things and then the government shutdown. if johnson becomes speaker, he steps into with an office that is going to have a lot on its plate, and he is somebody who, frankly, hasn't had to deal with that at this level before. going to be an interesting test if he does become speaker, how he handles all that is going to to i fall in his lap in mere hours. neil: yeah. and he's dealing with a lot of big party egos who thought they were better prepared, the
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notoriety and fame for that job, jim jordan, steve scalise, kevin mccarthy, you could argue they're going to kind of bristle at the notion, who is this guy? >> yeah. neil: dan, thank you very much. dan merica, the messenger national politics reporter. we told you about these planned protests across the country, all across college campuses in favor of the palestinians. some of them even going so far to say they're hamas protesters on behalf of a -- hamas. not just palestinians, it's a hamas walkout. we follow, you decide. the human story of gold. how it shapes us... "we're going down?" ... and our world. it's a story... i thought i knew. turns out it's far more incredible...
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♪ ♪ be ready for any market with a liquid etf. get in and out with dia. ♪ neil: the protests that we do hear about are anti-us israel. why aren't you in that camp? >> which request thank you so much for having us. as law students, we're not surprised with by our
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classmates' statement because they view their position as the orthodoxy. and in a lot of ways on campuses, it is. it's important to note although these statements are scary, most of them are performative. they more so reflect laziness. applied academic theory and admissions officers have consistently prioritized social activism over merit, and we're seeing the consequences of that in the campus environment that we have today. neil: all right, those are aspiring law students who you wouldn't think would be taking controversial positions simply defending israel and protesting what hamas had done to israel to spark this huge war that goes on as we speak, but it does seem to be indicative of college students across the cunning a good many of whom are staging these pro-palestinian walkouts. some are quite proud to say these are hamas walkouts. alexis mcadams following some
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big ones going on in new york city. alexis. >> reporter: hi, neil. yeah, we're expecting to see hundreds of students walk out of class at nyu and head here to washington square park to stand with the palestinian people. this comes as nationwide protests continue and dozens of college campuses across the country. also one of the people that we talked to earlier this morning, neil, over on "fox & friends" is an american woman, a young. woman, who survived the hamas attack at that music festival in israel. she says when she sees these pro-palestinian rallies going on and walkouts at college campuses, it makes her feel uncomfortable and unsafe. listen. >> this is america. i'm an american citizen. how can, how can people just look away and justify the fact that my friends are captive? their family members are captive. this is not a situation to be putting political opinions. innocent people are taken into gaza, and every day that i am here they're over there.
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>> reporter: we've seen student protest like this here at nyu before, students for justices in palestine and other groups at dozens of college campuses encouraging students to walk right out of class today, calling on the united states to, quote, divest from us' -- israel's occupation. protests are also expected later this week here at nyu. from university of chicago to harvard university, college campuses have been the epicenter, right, of these protests. big donors are cutting ties with those schools saying they're allowing anti-semitic events on campus and need to speak louder. at columbia university, today's annual giving day was actually postponed. that's an event that pulls in big bucks, just last year they raised $30 million in 24 hours but that's not happening today. so now we go to harvard university in massachusetts. the student paper there says the school is launching a task force to support students that are being doxxed and harassed, but
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that came after they signed on to a statement that says they holds israel entirely responsible for the ongoing violence. back out here live at washington square park, this is where we expect to see the students walk out of class later today, and they're going to head here to hold that protest and rally where they say they stand in solidarity with the palestinian people. neil: thank you for that, alexis mcadams. you probably wonder how a lot of this anti-israel propaganda, material, whatever you want to call it, gained root and traction. my guest has given a great deal of time to study just that. natasha is her name, barrister, legal director at u.k. lawyers for israel. natasha, thank you for joining us. how because this -- how does this happen? i can see being sympathetic to the plight of the palestinians. where does it come from? >> well, it's good to be with you, neil. and it's absolutely right that we're, unfortunately, seeing exactly the same thing on this
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side of the atlantic. i agree with your previous contributors though that this is perhaps not a surprise, it is nothing new. and it's certainly been decades in the making. there are certainly parallels, perhaps, to draw with what we're seeing on university college campuses around the world and whatting -- [inaudible] on the # 7th of october because both stem from an educational ruse. if i may perhaps put some background remarks that 3,000 people don't just get up one morning and decide it's a good day to slaughter jews. you don't create 3,000 people who are able to commit these atrocities that we've been hearing about without intensive brainwashing. and we've seen 30 years of brainwashing as a result of palestinian control over the education system. that's included western-funded textbooks demonizing israel and
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israelis and calling for the slaughter of jewish civilians and exalting martyrdom. and it's through intensive brainwashing that we saw the effects on september -- forgive me, on october the 7th. u.n. statistics would indicate that three out of the four terrorists who butchered, burned and raped on that day grew up and were educated in the una rah school system -- unrwa school system. now, none of that has been hidden in the same way that none of the -- [inaudible] on campuses has been hidden. it's been remarked on repeatedly by ngos. and, unfortunately, nothing has been done to address it yet. neil: you're talking about nongovernmental organizations. you're quite right, but one of the things that i found remarkable is i could almost see a growing concern about the israeli response whether it was proportion mate to the attacks. we can have a debate about that, but i just so happened to be on the air on the morning of the attacks on saturday, october
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7th. by the end of my broadcast, two hours later, this were already protests in place against israel. israel hadn't done anything in response at that time. we knew a lot of the details of the butch butchering of all of these individuals, hundreds, over a thousand, and yet the protests were on in favor of the palestinians, and by tacit extension the, hamas. and i thought, okay, that's a little weird. >> i think that's absolutely right, neil. and that is evidence, of course, that these protests aren't in opposition to israel, they are in support of the slaughter that was carried out. and, of course, the continuing attacks against israeli civilians. there was perhaps the biggest rocket barrage since that saturday only today. and that's something that we need to bear in mind as these protests, rallies in favor of palestinian terror organizations. not just hamas, they have stressed in terms of the terrorists that crossed to the the border, they included
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palestinian islamic jihad, affiliated with the plo, fatah that from the west bank. so this is a much broader problem than just hamas. and as i say, in both respects i think it stems from deep, deep-rooted problems with education. and, of course, also incentives to terror in the other respects. i'm sure you and your viewers are familiar with the pay for slave program entrenched in palestinian law, paying monthly financial rewards to all terrorists involved in the fight against israel including hamas. and, in fact, those responsible for the attack on the 7th of october including the commander of the -- [inaudible] has received such a terror salary even after his release in 2011 in an exchange. so there is a great deal that has to be addressed by the international community in terms of education and funding and
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incitement to terror as well as this sort of incitement at universities which is leading to the hate on the streets of wen civilized democracies -- western civilized democracies. neil: and to your point, it's worldwide. natasha, thank you very much. we hope to have you back. >> thank you. neil: all right. in the meantime, i want to pay attention to the nasdaq right now, in and out of correction territory. in other words, falling about 10% from highs i believe reached back in july. it's down about 20% from its record high of a little bit north of 16,000 here. so we're keeping a very, very close eye on that. sometimes people read into that, you know, the next stop would be a bear market. we're not jumping to that yet but, obviously, the nasdaq with all those technology names disproportionately affected. the 10-year in and out of about 4.9%, just scary numbers coming from some technology names that didn't love up to some of the hype. we hall see. these -- we shall see. these kinds of things are often
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neil: all right. you know, they say exchange-traded funds are all the rage, but of course of late they've been kind of disappointing in this selloff, except if you are in energy or natural gas. these two puppies are. it doesn't hurt to be in an environment for such commodities, and, of course, they're benefiting from that. both up appreciably this year. so we'll keep an eye on that. also keeping an eye on something that is not fossil fuel related. has to do with electric vehicles, and a lot of companies are sort of regauging their ev plans.
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gm scaling back that production goal, building about 400,000 of these by mid next year, followed by just a couple of months ford announcing it was pushing back its ev outlook as a well. lauren fix, the automotive sector extraordinaire on what the heck is going on. you did argue you could throw all the bells, whistles and incentives that you want after this, but if people don't want 'em, they don't want 'em, and a good many people don't seem to want 'em. what's going on? >> well, it's not that the cars are bad and it's the infrastructure that's issue. we used to have range anxiety, now we have charge anxiety. the buyers aren't there. and when gm sends -- pares back their $400,000 initial thoughts for 2024, there's a lot of reasons for that. also this morning yen motors and honda are now ending their $5 billion deal to create low cost evs to go head to head with tesla. so that is also another huge factor saying that a, you know
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what? this is not going to work, we don't want to put our eggs in one basket, we're seeing toyota saying we're looking at ammonia for engines, hydrogen, solid state batteries and, of course, synthetic fuel which porsche and the group behind them, volkswagen group, are working on in chile and a plant opening up in houston very soon. neil: the prices for a lot of these have come down, so it's a wide group of available cars. it's still expensive stuff. but i think what scares an awful lot of people and not only range anxiety, but understand you have to charge up, whatever you call it, it does take a while. and, you know, that's a problem. >> right. neil: and unless they address that, i don't know if this is significantly going to change. >> well, there are three vehicles that are easy to access that charge faster, three or four, actually. the hummer ev, which is very expensive.
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you've got the hyundai, the kia, genesis and the porsche all are charge much faster. neil: what is much faster in i'm curious, what is much faster in. >> you can get about 100 miles in about 10 minutes. neil: o.k. >> so that's faster if you need to get somewhere. but, hey, listen, in 7 minutes, i can fill up a tank in my whatever suv and be on my way. this is why people are starting to lift to hybrids, looking at that technology. what we're going to see is going to be of interest, and this is what it's going to be from from a financial standpoint, all of these car manufacturers are going to the get hit with the millions of dollars of fines from the epa. so as i've always said, it's billions of dollars in losses or millions of dollars in losses -- billions of dollars in fines, so the losses go either way. now you've got the uaw coming in, and they're on day 40 on their strike, that's impacting general motors, ford and
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stellantis. so this is going to impact their plans as well, and it's going to impact consumers. neil: indeed. already has. lauren, thank you very much. great catching up with you. >> yes. neil: lauren fix on all of that. let's go to "the big money show," brian brenberg. hey, bud key. brian: hey there, neil. two big events happening in our nation's capital. first, we may actually get a new speaker of the house. congressman mike johnson hoping to get 217 votes, and president biden will hold his first news conference since the deadly conference since the deadly october 7th israel attacks. that's all starting at one, but first, mor after this. can help you build the future you imagine. t. rowe price, invest with confidence.
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you know, good evening from tell asteve. i would say finish tel aviv. i would say on day 19 of our operation we are very much focused on preparing the forces, making sure that they are ready, making sure that they have the equipment, the training9 and the specific tasks that it would take to destroy hamas. and with every day that goes by, our forces are better. we're many no rush. we realize that this is a long war. but we are prepared to mobilize once the green light is given from our government, once all of the optimal operational conditions exist. neil: so you do have widespread support even from countries that you would normally think twice would hold off on that. not to go for a ceasefire, not to go for even a pause in activity. but it kind of ends there. and in the arab world, it's still been pretty much. the same, that much of the blame for this is put on israel. what do you think of that? >> so i think this event, this
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tragedy, this huge massacre of, you know, over 1,400 people, israelis, the vast majority of those civilians, men, women, children, babies, it sets the world into two families, those that are on the right side of history and those that are on the wrong side of history. those that are on the right side of history are rallying around israel and our efforts to destroy hamas because we realize that what hamas has done is setting a new standard for terrorism. a standard think decent person can't -- any decent person can't accept. is so when we look around us and look to our friends and allies that are saying, yes, you have our support, first of all, we are extremely appreciative and grateful, but also we realize that everybody understands that these terrorist organizations, hamas, for instance, like isis or hezbollah on our northern border, they have no regard for human life. they only want to terrorize,
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butcher, maim, behead, rape and abduct. and they want to do it en masse like they did on the 7. th of october here in israel. so we are emboldened and grateful for the friendship, and we are determined to destroy hamas and dismantle its capabilities. neil: we'll watch closely, colonel. thank you very much. be safe. in the meantime, i want to draw your attention right now to washington, d.c. where they're very careful on someone they think will be the next speaker of the house. mike johnson, louisiana republican who has emerged as the fourth candidate, indeed, a viable candidate for the next speaker of the house. that vote could be coming up shortly, and he just could win. we're on top of that after this. pano ai chooses t-mobile for business for 5g solutions...
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and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. neil: all right. watching the action on the floor of the house. i know you're probably thinking been there, done that. what's new about that, neil? it looks like mike johnson, the fourth candidate for speaker, has a pretty good chance of getting the 217 votes. it could be fewer than that depending on how many congressmen are there, but that he could succeed in becoming the next speaker. and you consider his potential rise to fame as someone virtually unknown among house members to now the most powerful one, it could be remarkable. they're following it in the next hour. brian brenberg. hey, brian. brian: thank you, neil, i'm brian brenberg -- jackie: i'

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