israel, and that will also crystallize what's going on there. ryan, on the economic data, we've got a market that has given up much of the losses and is now in positive territory after a better than expected gdp number, up 4.9% for the quarter. this is the first reading, so it will likely be changed and updated, but what are your thoughts here? >> yeah. i mean, red hot, a lot higher than the 0 president most -- 0% most economists thought at the beginning of the quarter, the depth of the consumer, the u.s. economy is drastically overrated. don't let those economists fool you, i think we're in really good shape here in the u.s. maria: so you're buying this market. >> i'm optimistic. maria: all right. thank you so much. it is 30 minutes before the opening bell, is and we've got a market that is mixed, dow industrialses up 16 having reversed course from triple-digit losses. stu the, take it away. stuart: not reversal. good morning, everyone. first, the war. the israelis have launched their

biggest incursion to date into gaza. early this morning a column of tanks and bulldozers moved in. prime minister netanyahu says the idf is preparing for a ground invasion soon, that's his word. president biden has again warned iran not to attack american troops. central command has confirmed that two dozen soldiers were injured in drone attacks the from groups linked to iran. next, the market. and the real story here is the sharp selloff in technology stocks. here's big tech this premarket action. all of them down. all of them down again. now, there have been some disappointments in big tech earnings, but they're all way down. yesterday and this morning. this is not helping, treasury yields going back up again, the 10-year now at a 4.91. it was closer to 5% earlier today to. the 2-year till well above the 5% level are, 5.07, to be precise. stocks overall mostly down. that was earlier this morning. then we got a report of 4.9% economic growth, and that has

pared those losses, so right now we've got the dow up 99 points, s&p up -- 9 points, the nasdaq still taking it on the chin because of those treasury yields, down 732 points. look -- 72 points. look at gold, cracked $2,000 an ounce earlier today, back to 1988 now, but it did hit 2,000. bitcoin is back to the $34,000 level, 34,2, to be precise. the house has a peeker. mike johnson, a conservative republican from louisiana. he's already passed the first piece of legislation which was a resolution condemning hamas and supporting israel. nine democrats voted against it. ford and the i autoworkers' union have a deal, a 25 wage increase over four and a half years, by 2028 union members will be making $40 an hour. now the pressure is on gm and stellantis to settle. union president shawn fein says we won things nobody thought possible.

on the show today, governor newsom's trip to china and his cordial meeting with xi jinping. uber-liberal meets a communist dictator, all smiles. thursday, october 26th, 2023. "varney & company" is about to begin. ♪ ♪ stuart: israel conducted a targeted raid overnight on suspected terror sites in northern gaza. it appears to be preparing for a full ground invasion. take me through it, lauren. lauren: the idf says soldiers struck numerous terror infrastructure posts in gaza and then left the area, all part of israel's reparations for this next stage of -- preparations for this next stage of fighting. for now, israel has aguede to the u.s. request -- agreed to the u.s.' request, delay the incursion, a, for the hostages but, b, to protect u.s. troops. 24 u.s. service members were

wounded many in drone and rocket attacks on u.s. bases in both iraq and syria last week, on october 18th, and meanwhile you have hamas calling on palestinian withs around the world to protest the actively, particularly friday and sunday. stuart: and and it will happen, i'm sure. we'd like you to join fox corporation supporting the israel emergency fund in association with the united jewish appeal. scan the qr cold, donate at ujafedny.org. biden had a warning for iran after the takes on our troops. roll tape. >> my warning to the ayatollah was that if they continue to move if against those troops, we will respond. and he should be prepared. it has nothing to do with israel. stuart: now, that's a red e line on iran. ben domenech with me now. will democrats support a ground invasion of gaza? >> well, i don't think that they will, but i also think that one

of things that we've learned in the weeks since that horrible day ins israel is that this administration and this white house in particular keeps pumping the brakes on what israel is allowed to do from their perspective. and i think that one of the critiques that i would lodge against the israeli leadership is that especially, you know, prime minister netanyahu, he has a pattern of listening to the american concerns and valuing them very greatly which typically can be something that's very helpful. but in this instance, i'm not sure that it has been. i think the biden white house is very reluctant about being sucked into something, and i would point out in particular if to you, you know, this is a very interesting kind of subset of the story. there's a lengthy foreign affairs essay from jake sullivan that went to press prior to that attack on israel. and it's since been edit heavily, and i think that it's worth people checking out what was said beforehand. i think this white house is operating under a lot of misunderstanding of the region

and of what they actually have to be concerned about. in this case, i think that they have pumped the brakes so much that israel may not be able to achieve its goals in gaza. stuart: but there's also a bloc in the democrat party, nine democrats specifically, who do not want a gaza invasion and are really going after president biden for even suggesting it. >> and they go even further, i would say, than of the people who are concerned about being sucked into a broader conflict. i do not think it is an exaggeration to call them anti-israel caucus, and they have become increasingly loud in the days since that initial attack. i think that that there's no one really in authority on the democratic side with the capability of getting them to shut things down, and they repeat particularly member rashida tlaib, they continue to repeat falsities about the nature of that attack, what was actually done to israel, and they do so in ways that is insulting to the jewish community across america and across the world. stuart: indeed. and the rest of the world is listening to this.

ben, we have a speaker, louisiana congressman mike johnson. he's looking to get congress right back to work. watch this, roll tape. >> we're going to dispense with all the usual ceremonies and celebrations that traditionally follow a new speakership because we have no time for either one. the american people's business is too urgent in this moment. the hour is late, the crisis is great, and america, we hear you and we are reporting again, as i said in there, to our duty station. stuart: former president trump wasted no time congratulating johnson on his win. so, ben, mike johnson's a trump guy. did trump call some of the shots in this speaker election? >> i don't think that it's fair to say -- i think anybody who could are ascended to the speakership would have been a trump guy at this point. but you have to keep in mind that what really people were aiming for, particularly matt gaetz and a lot of other conservatives, were they were hoping for jim jordan to get this job. and i think donald trump would have liked that too. mike johnson is an interesting

figure for a lot of reasons. he's not a freedom caucus member, not known for being a strong fiscal conservative. he's much more of a social conservative, a christian, a baptist, someone who not a lot of people in washington, frankly, know. he only has 13 people on his staff. so we'll have to see what kind of speakership he has. at this stage kind of a cipher, and a lot of people are going to be waiting to see whether he becomes kind of the voice of the scalise group of people. it's very odd to have a speaker and a majority leader both from the if same state, in this case louisiana. we'll be getting to know him in the coming weeks. stuart: he better staff up too. ben domenech, thank you for joining us. >> good to be with you. stuart: on the economy front, the autoworkers' union and ford have reached a tentative deal to put an end to the 41-day strike. what's in the deal, lauren? lauren: a 33% increase in pay, 25% for wages but the rest cost of living adjustments compensation and a quicker timeline to reach that top pay

of $40 an hour. the union won the battle. the did the union win the war? >> is tesla or toyota going to organize and join them in this unionization? will jobs leave detroit? in other words, did this deal cost their younger workers job longevity? striking workers are told to return to their jobs this week, so during the contract ratification process. this has not been voted on yet. and on deck is what happens with the uaw and general motors as well as stellantis. the cost of the strike $9 billion and counting. stuart: thanks, lauren. check those markets, please. just a few minutes before the market opens, and we're looking at the dow to go actually down a traction p s&p down a fraction, but the nasdaq down 68. adam johnson with us this morning. why is big with tech selling off? >> mindset. our heads are in the wrong place, and i'll give you an example of what i'm talking about. last night, meta, facebook if you prefer, put up blockbuster numbers. revenues were up 22%, earnings doubled from the a year ago.

the stock was up 5%. and then susan lee, the cfo, came on and said, well, you know, advertising's a cyclical business, and you just never know about the fourth quarter. it went the from up 5 to down 5. mindset. we are so so negative in everything that we do right now whether it's worrying about inflation, interest rates, costs, strikes, what's happening geopolitically, the inability to find a speaker -- and now finally we do have one -- in congress. there are all these things that we're worried about, and i think it's affecting our mindset. and you're seeing that play out in boardrooms. good news comes out and then you sell the stock because you say, well, you know, we've got problems. stuart: all right, i'll listen. gdp, the economy growing at a 4.9% growth rate for the third quarter. that's very strong. >> very strong. stuart: what does that tell you about the economy and what the fed's going to do? >> well, it's a lot better than we thought. and there again i would speak specific specifically to the

naysayers, to the bears, this economy is stronger than we think, and this is evidence of that. excuse me. and i've already gotten two e-mails from people, the number came out at 8:30, two people said, yeah, but it was probably all government spending, and i had to respond and say, actually, no. >> [inaudible] >> yeah, thank you, lauren. lauren: up 4% for consumer spending. >> huge. very strong. no, you're actually right. and it was on services interestingly, or right? we're not buying cars, we're out there eating in restaurants, we're taking vacations. you can't get a room at the wynn resort in las vegas on the weekend. you have to go tuesday, wednesday. lauren: really? stuart: leading indicator. >> yeah. we're out there spending money, and now we just need to get our heads in the right place. stuart: adam a johnson, thank you sir. a dreadful story unfolding in lewiston the, maine. a mass shooting, 22 dead. lauren: the gunman, robert card, he's on the loose. considered armed and dangerous by authorities.

he's 40, former military, trained firearms instructor and a member of the army reserve. he was actually committed to a mental health facility for two weeks over the summer after he reported, quote, hearing voices and threats to shoot up a national guard base. it's been reported that he just lost his job. could that, i'm just raising the question, been what ca caused him to snap and kill 22 people at two locations last night? he injured dozens more. the towns of lewis lewiston as well as lisbon, maine, are under shelter in place orders as the police widen their search. we'll though more at 10:30 this morning eastern time when authorities are set to give an update, but a terrible story. stuart: we bring you updates throughout the morning as they come in. more "varney "after this. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim:

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♪ ♪ stuart: us israel's defense forces launch. ed targeted raids overnight into northern gaza. it is believed to be a few steps towards a pull scale ground invasion. -- full scale ground invasion. of trey yingst on the ground for us, what's the latest, trey? >> reporter: stuart, we do have some breaking news. just a few moments ago, rockets were fired toward the northern part of the gaza strip into southern israel. i want to show you just behind me, you're going to see a maul white cloud where an iron dome interceptor was launched there if southern israel, and it appears it was a successful interception of the rocket. this has been ongoing throughout the day, 20 days into this conflict. that has and islamic jihad still have the the ability to fire on southern and central israel, sirens sounding earlier in tel aviv. now, this comes as we are

following updates after last night there was a raid here along the israel-gaza border. the israelis entering into the gaza a strip, the largest raid since this war began 20 days ago on october 7th. you can see in this video d9 bulldozers going into the gaza strip. following them, israeli tanks and infantry troops that were entering this area. some aftermath of the video that you're looking at here as this is inside gaza where the shelling continues to the target residential areas and other locations where there are hamas and islamic jihad targets for the israelis. i want you to listen to prime minister benjamin if benjamin if netanyahu who discussed the possibility of a ground operation in the coming days. [speaking in native tongue] >> translator: i want to be clear, the timing of the ground invasion was unanimously do decided by the war cabinet along with the chief of staff and the cabinet, and we will act in order to insure best terms for

our soldiers for the coming operations. when we get into gauze g gaza down the road, we will collect highest price from those murderers who committed the atrocities. >> reporter: i do want to discuss the layest numbers we have, the israeli military has launched 250 # airstrikes against gaza over the past 24 hours, and also the thurm of hostages rising to 2124 people. stuart -- 224 people. stuart: florida congressman mike waltz joins us now. do you support a ground invasion of gaza? because a lot of dem9s -- democrats don't. >> stu, i support israel's right to eliminate this threat right on their border. and if they determine that eliminating, in order to eliminate hamas that they have to go in on the ground, absolutely. i do think they're being pushed to they right now by the biden administration. one, biden wants to get more humanitarian aid in, two, we do

have 5-600 palestinian-americans still trapped that hamas is not letting out and, of course, the hostage situation to deal with. but i think the bigger issue is we all know once they go in on the ground, hezbollah is likely to open that front in the north. iran will become even more engaged than it already is, and we're having to rush assets in the region. my point is -- [laughter] if we had just kept up maximum pressure on iran in the first place, theyup wouldn't have had the funds -- they wouldn't have had the funds to fund all of this in the first place, and we could keep those assets, those carriers, those missile batteries in the pacific where they are truly needed. the fundamental problem with all of this, the illness with all of this is iran. and we have got to shift op our iran policy, otherwise hezbollah, hamas, all of these other groups, they're just a symptom. they're a tactical problem of the overall strategic issue which is ranch.

stuart: the president -- which is iran. the president plans i think it's a $105 billion aid package to israel and ukraine. what changes would you make to that package? >> well, look, the two existential crises right now are our southern border and helping our ally in israel which literally could run out of rockets in the iron dome. that should go first, that should go together, that should get signed by the president immediately. then we have a lot of questions when it comes to ukraine. we can't just keep throwing money at a bad policy here. ask washington loves to just throw money at an issue without taking a step back whether it's iran policy or whether it is, you know, how we've settled into a war of attrition and a stalemate in ukraine. what's the tragedy, how long's it going to take, what is win -- what does winning look like? is it full expulsion, is it partial, is it negotiations? that's what we need to, that's the debate we need to have and we need to determine. otherwise i can't support any

more aid to ukraine. stuart: okay. congressman, we do the have a speaker, mike johnson has been elected. what, to you, what is job one for the new speaker? >> well, job one is we've got to crank out the rest of our appropriations bills. we've got to stop this out of control spending that's driving out of control inflation. and coupled with that, as i just mentioned, is the border and israel. i think those three things are, you know -- [laughter] front and center on mike johnson's plate right now. but i think he's absolutely up to the task. stuart: you don't have much time. it's going to be a real rush job, isn't it? >> no. we lost a month is and, you know, the eight who put us here -- [laughter] they didn't appear to have a plan. stuart: right. >> mike johnson's now taken that on his shoulders, and i think he'll lead us out of the wilderness. stuart: i believe we've expressed a few sharp-edged opinions on that a one, congressman. always appreciated, thank you. >> thank you. stuart: yes, sir.

congressman jamaal bowman surrendered to the capitol police this morning, what are the charges? lauren: misdemeanor for pulling that fire alarm three weeks ago at a congressional building, but bowman is charged in a d.c. superior court. that's a local court despite this happening on federal property. so the charges for falsely pulling that alarm during a house vote on a republican bill to keep the government funded and open, democrats were trying to stall that vote. bowman says he did not do anything intentionally and, yes, he turned himself in this morning. watch. >> as i said from the beginning, i was not trying to disrupt any, you know, official government proceedings. i'm glad, you know, the investigation found that that was the case. the misdemeanor charge of pulling the alarm, i admitted that that from the very beginning so, you know, got to take responsibility for it. you know, we have a deal in place, so looking forward to paying a fine and three months later it being dismissed and, hopefully, continuing to do work

in my district. lauren: and he will pay a $1,000 fine. stuart: $1,000? lauren: that's the maximum fine, and he will pay it. stuart: i think it was a political dirty trick. >> of course it was. there's the fire alarm, here's your hand. you don't put your hand on the fire alarm -- lauren: and he was a principal at a school, can be he left. he didn't tell the capitol police he was the one who did it. he said he was are rushing to rote. stuart: imagine if it was a republican that had done it. >> oh, my gosh. stuart: you'd ther get away with that. quickly check futures, please. we were way down a couple of hours ago. then we got an interesting gdp report, and we've come back a bit. the nasdaq is still down 58 points. the opening bell next.

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stuart: minor losses except for the nasdaq which is down another 60 points this morning. right before the opening bell. d.r. bar withton is with -- barton with us today. why are we seeing such a big tech selloff? >> you know, a couple of things

are happening here, stuart, and one big one is that as yields go up as people can get more and more money for that kind of investment, some people are doing the smart thing like you've been talking about and putting cash there. but the other thing is these big tech companies have the biggest cash hoards on planet. so those cash hoards are worth less in the future when interest rates are so high, so they have some compulsion to have to spend them or invest them the, and they don't like to do that right now. stuart: that's it? higher yields brings big tech down? i mean, they've had some disappointing earnings reports as well, you know. >> oh, for sure, stuart. and we've seen this roller coaster. we've had tesla down, net the flicks up, google -- netflix up, google down, our beloved microsoft up and yesterday, i think adam hit the nail on the head, meta was up with their results. all of their results some

uncertainty about the tush and the markets just slammed them -- about the future and the markets just slammed them. i think that roller coaster ride has put some extra worry into the market like adam mentioned earlier. stuart: okay. give me a big tech stock pick, one that you like. >> i like amazon after the earnings. i think they're going to come in a little light, a little softer than expected on the cloud side, stuart. that has been the death knell for google this week. so i believe they might get a further pullback that we could jump in and buy some more at a preferred price, and they're been lagging the other big techs this year anyway. stuart: all right. dip buying in amazon if, indeed, there is a dip. we'll see. thanks so much, d.r., see you soon. the opening bell is about to ring. they'll presses that little button, i can hear the bell right now. still got about three or tour seconds. we're off, 9:30 eastern. a real slam on the button, he

may have broken it. down 38 on the dow, but look at the level, please, you're below 33 ,000. the the s&p -- that's the dow 30. an even split, ups and downs, about 50-50. the s&p 500 also on the downside, not by much. you're down just over a third of 1%. and if you look at the nasdaq composite, that also opening lower this morning. again, we've got these higher yields on treasuries, you're back to the 12,000 level there. big tech, all of them down except microsoft which is squeezing out a 6-cent gain at 340. apple, 170. amazon, 120. alphabet, 1222 and meta -- 122 and meta well below $300 a share. tell me the story, lauren. lauren: profits double from last year, revenue surged 23% to top $34 billion. that's its largest revenue since

going public over a decade ago. what happened? well, more than 98% of its revenue comes from advertising. that's the problem. the cfo and, adam, you were reading my mind, she said that all-important ad revenue figure softens this quarter, so this is present looking forward, and it correlated with what's going on in israel with hamas. so that's the thing. she was the buzzkill this time, reflecting what they're seeing in the current quarter. but two other things. threads, their twitter killer, okay, 100 million monthly active users. where's the growth? the they reported 100 million users in their first week, and that was, like, 17 weeks ago. so there's a difference between someone who signs up and someone who is an active user, but nonetheless, where's the growth. and second would be reality labs that houses the metaverse still losing money. stuart: thinking to add to that? a pretty long list of negatives and why this thing is down. >> yeah. i will tell you that advertising is up. this was a record quarter with.

and while i appreciate that cfo susan lee wanted to temper expectations about q4, look no further of gdp up 4.9%, people are consuming stuff. that's good for advertising, and i think you buy meta. which i own. stuart: you buy that dip in. >> buy the weakness, yes. stuart: okay. ebm, i think they're going to be in the green this morning -- ibt a amount i -- a.i.? lauren: it was. they said their software business is leading their growth. customers are adopting their a.i., they call it watson x, and that's driving growth in software and also their consulting business. stuart: old tech up this morning, god it -- got it. ups, they're down? lauren: they're paying drivers $170,000 a year. come on. that's because of the labor deal that they struck with the union that threatened to go on strike. so you have this mega pay

increase, and what happened during those negotiations, 1.2 million packages per day were diverted to other carriers. so they lost business. so all in, this is a bellwether for the economy, and economic growth. and they cut their full-year revenue forecast because of those items and because demand is down. the stock is down $1.29 right now at 145, so it's not a major selloff, but that that's what happened at ups. stuart: got it. and harley davidson. not sure whether they're up or down, they are down 2%. what's story? >> retain thing wealthier riders, but they're having a lot of trouble because of the chi and interest rates bringing in younger riders because they're cutting back on discretion their. i just scratch my head because what happened in the month of september which is part of this quarter for which harley davidson reported, durable goods orders surge ised 4.7%. yet harley saw saying we're not seeing an increase in demand for

our -- stuart: as i ride around in my car, i don't see many young harley drivers. >> so true. they're on e e-bikes. they're on scooters, right? stuart: that's right. >> you know, a harley's expensive, you know? they start a at, like, $28,000 and go up from there. a lot of money. stuart: that is a lot of money. okay. all right. bristol-myers squibb, blood cancer drug. lauren: yeah. that's their blockbuster. sales fell over 40% because of generic competition. hay also pushed back their timeline for their new products to hit certain metrics by one year. stock is down 3.4%. stuart: okay. think reaction to that? >> no. [laughter] lauren: moving on. stuart: something important here, amazon reporting after the bell. or what are we expecting? you're first. lauren: could we just stay a moment on the numbers, because they're tremendous. we are expecting an 11% increase in revenue to top $141 billion. that is -- in a 3-month period.

and their earnings per share will rise by 24 # 4%. -- 244%. just let that sink in. >> that's huge. lauren: why? i'm going to go with same-day delivery. when you can promise paper towels or a birthday present can be on your doorstep hours after you order it, it's huge. you're going to shop at amazon more. expect them to hit 47%, their margins. stuart: you know one of the best things going for amazon is all those convenience stores which lock up the toothpaste and the shaving cream and the razor blades. you don't want to go and ask for the key, you go to amazon. >> you do. that's exactly what i did. i walked into cvs with my list, deodorant, soap, and i said to the guy, am i supposed to have you walk around the story with me and unlock every shelf? he goes, that's what we do. i appreciate that and thank you, but this doesn't work. and i went home and went to amazon. lauren: the younger kids are shopping on shein and temu, two

chinese sites, super low prices. fast fashion, remember thety, but they can't do same-day delivery, and amazon can. stuart: adam's got some stock picks. start with coinbase. a crypto company? >> yeah, absolutely. i own it. and it's been hard to own, but i'm glad i own it. it's trading thousand at a 3 to 4-month high, and it look like the sec, gary gensler, one of the dncs own, has -- dnc's own, has finally decide to consider and and allow an etf to be created. you can just buy the bitcoin etf, so that will create significant demand. coinbase is effectively a proxy for the success and ability of crypto to continue. stuart: all right. you like it. >> i do. stuart: coinbase. what is gxo logistics? >> oh, wonderful company. the largest contract logistics

provider in the world. we were just talking about amazon which doesal its stuff westernly, but let's say you are nike and you need to have your inventories managed. gxo will do that. they have all these different warehouseses. there's the the nike warehouse, ikea warehouse, it actually comes out of a gxo warehouse, and it's all autohated with -- automated with robots. stuart: all right, we'll take it. coming up, don't forget to send in your friday feedback to varneyviewersfox.com. the white house will ask congress for $56 billion in aid for disaster relief, childcare, high-speed internet, ask and that's on top of the $105, $106 billion in aid for ukraine and israel. can we afford it? i'll ask house ways and means committee chair jason smith. he controls the nation's pursestrings. look at this headline, google's a.i. chat bot refuses to tell the truth about hamas and israel. dan schneider wrote that.

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♪ ♪ stuart: critics are going after president biden for the unprecedented attacks by hamas. they blame his policies for leading to war in israel. edward laurent at the white house. all right, edward, which policies are people criticizing? >> reporter: it's really the overall stance related to iran are. first, i want to tell you in the weeks leading up to the attack on israel, hundreds of hamas fighters reportedly worked and trained in iran according to "the wall street journal." that report saying that 500 hamas and islamic jihad fighters took part in exercises led by tehran's quds force. still, the official line from the if white house is they do

not have direct evidence that iran was involve in the hamas take in israel. then again the president offered this warning. >> my warning to the ayatollah was that if they continue to move against those troops, we will respond. and he should be prepared. it has nothing to do with with israel. >> reporter: but this comes after at least 24 american troops have already been injured in at least 13 attacks by iran proxies in iraq and syria since october 8th. iranian leaders might feel more emboldened as under president biden he tried for a year of negotiations to get back into the iran nuclear deal. president biden, the administration relaxed oil sanctions on iran since 2019 iran has doubled the exports, adding an additional $40 billion in revenue. the president approved releasing $6 billion in frozen assets for humanitarian aid to iran in exchange for american prisoners. republicans think all of this gave iran enough hundred to sow discord in the middle east --

money to sow discord. >> president biden must also accept that the fundamental assumptions of his administration's iran policy were morally and practically bankrupt. the biden administration's previous iran policy is now history. the president must go back to the drawing board. >> reporter: and so far there have been no additional moves now against iran or from the administration. i've also asked the treasury department, have not heard back about if there'll be additional sanctions against iran. back to you. stuart: edward, thank you. take a look at this op-ed, it's in "the new york post," and i'm quoting: google's a.i. chat bot refuses to tell the truth about hamas and israel. dan schneider is with me now. dan, you asked google chat bot about hamas and israel. what was the response and why was it wrong? >> stu, it's almost unbelievable. we've been seeing for years how google uses its power for left-wing political agenda.

and so we tested it out using its own chat bot called bard. you know, what happens if you with can ask bard what is hamas? and while, while barreled can tell you -- bard can tell you9 what the irish republican army is, what black lives matter is, it can tell you all sorts of things about antifa, but it doesn't seem to know hamas is a terrorist organization. bard is running cover for hamas. and if you ask bard what's the capital of israel, again, bard is ignorant, it doesn't know. but it can tell you the capital of all four countries that border israel. stuart: is that such a fatal error? >> well, it's a symbol of what google is up to. there are people who draft these algorithms that create artificial intelligence. and time and time again whether it's web sites or hidingth senate republican campaign web sites or hiding, you know, the

march for life, directing people to planned parenthood, google has a consistent left-we think political agenda -- left-wing political agenda, and now it's on display as we see terrorists attacking israel. stuart: did you see this? a cnn anchor says the rest of the world, their words, agrees with the queen of jordan that there is one-sided support for israel. watch this, please. >> she is expressing exact exactly what the rest of the world thinks, the world in which the muslims in many other parts of the world believe there is, as she said, a glaring double standard. stuart: dan, is she right? >> welsh, i find it -- well, i find it sadly ironic, because the king of jordan has refused to allow any of these civilians from gaza a to enter his borders. while israel is begging these people to leave the war, the king of jordan has said you can't come into my country, and you can't go into egypt either. he's doing the same thing that the hamas leaders are doing,

forcing these civilians to stay in the war zone to die. stuart: okay. we got it. dan schneider, thank you for joining us, we appreciate it. >> thanks, stuart. stuart: anti-semitic incidents in america have risen sharply since the war on israel began. is this a surge? lauren: it is in about two weeks' time. this comes from the anti-defamation league, it says incidents, a violent online message, a physical assault, they jumped 388% from last year. so this is since october 7th. if you do that by number, 312 incidents, most of them, 190 of them, linked directly to the war. just to give you some perspective, 312 in two weeks are versus about 3700 for all of last year. stuart: adam, you and i were in the new york area, we're all here, i can't believe the change that's come over this city in the last four weeks. before the four weeks that started october the 7th, this was a comfortable sit for -- city for jews and everybody else. >> sure.

stuart: now it's not. >> and the irony is that new york is home to the largest jewish community outside of israel. i don't know where this hatred comes from. it doesn't make sense to me. and it's not new. i mean, this has been happening for centuries, the persecution of the jewish people. stuart: i think it's coming out of universities. lauren: it's young people who are protesting for the most part. stuart: got it. moving on -- thanks, adam. let's see what we've got here. it was the first piece of legislation under the new speaker, a resolution declaring solidarity with israel, condemnation of hamas, the release of hostages and affirm israel's right to defend itself. nine democrats voted against it. the terrorists have a voice in our congress. that will be my take at the top of the next hour. sam bankman-fried's former friends have testified against him, now it's sbf's turn. we're live at the courthouse with what may be blockbuster testimony on deck, next. ♪ ♪

this is american infrastructure. megawatts of power, rails and open road, and essential services of every kind. all running on countless invisible networks, making it a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends the systems running america's infrastructure. for these services. for the 336 million of us living here. ♪ this is a special alert. israel is under attack and israel's enemies seek our destruction.

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to take the stand today. he's accused of orchestrate thing a scheme to steal billions from ftx customers. kelly o'grady at the courthouse. why do his attorneys want him to testify? >> reporter: well, stuart, because the defense thinks that the jury needs to hear sam bankman-fried's story in his own words. this trial has been very much about numbers, but when a defendant takes the stand, it can the be a really human moment. so defense is betting that's what's going to make the difference with the jury. on top of that, there's been a digital paper trail that proves that fraud was committed, but no undeniable screen shot or spread sheet that sbf was the one that orchestrated that fraud. so the prosecution has hung their case on three of his inner circle that turned on him. this is going to come down to who does the jury believe. what we expect to hear is that he made mistakes, but he's not a criminal, that he truly believed he would be able to get can customers and investors back their money. i will note it's not unusual for high profile defendants to take the stand in this type of case.

for example, theranos founder elizabeth holmes used a very similar defense in her fraud trial. that, by the way, didn't work with the jury, she's serving an 11- year prison sentence right now. so the risk is obvious, he alienates the jury, he says something the prosecution could jump on during the cross. he spoke to the media a lot before his bail was revoked, he also risks saying something the sec could use to nail him in a future civil trial. right now the plan is that the prosecution will rest this morning, the defense can call a couple of wents -- witnesses and then the, stuart, it's sbf's turn to take the stand and tell his side of the story. back to you. iewr tooth can't wait. kelly, thanks very much, indeed. do you think this trial has any impact at all on cryptos? >> no. i think, actually, crypto has moved past it. crypto's had its own issues. but we were talking earlier about coinbase as the approximate is city for the survival of crypto? if, in fact, the sec allows the

crypto etf to happen, which i think they will, that effectively moves crypto into the mainstream, it legitimizes it. and, again, i think coinbase ends up being the or survivor. stuart: it's another alternative investment, isn't it? >> yes. we talk a lot about the price of crypto, the price of bitcoin, but actually it does really serve a purpose. it can transfer large amounts of money and frees up regulatory capital for the banks. it's actually ad good thing for the banks. stuart: thanks for being with us for the hour. >> thanks for having me. stuart: republicans have united to select a speaker. the democrats are divided over terror. former arkansas governor mike huckabee on that. can we afford all the aid the white house wants congress to pass? house ways and means committee chair jason smith is here. now, he's many charge of the money, remember. california governor gavin newsom had a surprise meeting in beijing with president xi jinping. that's not a good look for president biden, is it? clay travis reacts. and high schoolers in oregon won't need to show basic

competency in reading, writing or math in order to graduate. they say that would be harmful to students of color. dr. ben carson responds to that one. the 10:00 is hour is next. as an independent financial advisor, my promise to you is simple. as a fiduciary, i promise to put your interests first, always. .. it's the intersection of your money and your life where we can make the biggest difference. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor. com

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♪ ♪ c'mon, bear. ♪ ♪ ♪ you don't...you don't have to worry... ♪ ♪ be by your side... i'll be there... ♪ ♪ with my arms wrapped around... ♪ stuart: good morning