tv Varney Company FOX Business October 27, 2023 10:00am-11:00am EDT
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stuart: it's 10:00 eastern time, straight to the money. the nasdaq is up one hundred points, nasdaq down 68. not much of about after yesterday's heavy selling. it is below 5%, 486 as we speak. the price of oil below $90 a barrel, bitcoin looking at $34,000 per coin. the latest read on consumer sentiment. lauren: stronger than expected, the level was 63. 8. less optimistic about expectations going forward. stuart: doesn't tell us where the market is falling. little market reaction. lauren: inflation one year from
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now, expectations rose from 4.2%, that is significant. inflation edged up a bit, we are not convinced inflation is going down. stuart: we are not convinced inflation is going down. developments in the middle east looking ominous which america is retaliating for the attacks on our troops. f-16s it facilities in syria used by forces linked to iran. irani and backed forces in yemen aimed rockets at israel, they were drones launched from yemen towards israel but landed in egypt. israeli tanks 8 another incursion into gaza. hamas still using gaza as a large platform. they fire rockets toward tel aviv, and trey yingst asked
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israel's defense minister how long a ground invasion might last. he replied months. of the politics of this, a new poll shows a plunge in president biden's approval rating among democrats. 86% approved in september, down to 75% one month later, down 11 points. biden's support of israel is unpopular. this is why biden has leaned on benjamin netanyahu to delay the ground invasion, creating powerful visual images which would inflame worldwide. that is where we stand ahead of the weekend. america goes on offense, israel prepares for ground action and the president's political position in his own party deteriorates. this weekend is a test. how strong is the commitment to the defense at israel, how strong is his commitment to countering iranian attacks on american troops. let's bring in jason chaffetz.
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is biden going to remain strong in support is are or will he caved? >> he needs to stay strong, we need a president who is strong, resolute, definitive, in command and in control. he is not. he's not that person. he has lost his step. everyone recognized we have a week american president not fully engaged. i don't think it is just because of his tepid and inconsistent comments, his ability to single out iran. you can be tough on hamas and supportive of israel and still get commitment of the democratic party. i think the democratic party is seeing what we are all seeing, some other puppeteer is controlling this guy and there is no clarity. that's the fundamental problem. he's not resolute in what he is doing. stuart: he's tested this weekend if there's a ground elite -- invasion.
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>> we elect a president to prevent a war and make sure it doesn't happen in the first place. i think democrats, republicans, the american public are saying the world is blowing up on us, the border is out of control, israel is getting pummeled, iran is on the march. no metric in america is going the right direction and the president, and his bidenomics, is going to be the reason we do this. stuart: two american fighter jets hit a weapons facility in syria overnight, offered by iranian backed forces. >> why didn't we take it out before it was a problem. the president better explain why we have 900 people in syria. if we are doing it as they hit us so we will hit you back, why not hit them first and take out the threat and protect americans? stuart: he doesn't want a wider
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war, nor does the american public. the reality is it is a political position. >> what happened in preventing war, he hasn't done that. stuart: how is it working out? very dangerous. you took the option of stating for the hour. mike johnson, the new speaker has a laundry list of tasks to complete. does this include the impeachment of president biden? lauren: depends who you ask, some republicans are hopeful he will support impeaching president biden for actions he took as president or vice president that benefited his family. johnson is a conservative, and the house judiciary committee
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under two trump impeachment, the issue is the entire house of representatives, he needs to protect those republicans in the swing districts, in the battle ground, they might see impeachment as a sideshow. what does he do as speaker of the house? is there a smoking gun? and then time. government shutdown pending in a few days, november 17th, funding for israel. when do we get to impeachment? stuart: i don't think it's a good idea to be impeaching a sitting president and a time of war. >> impeachment is premature but i know speaker johnson is committed to the impeachment inquiry, getting documents, having bank records and all that information the committees need and the judiciary and oversight to do their jobs. he's perfectly positioned for that. stuart: another one for you. big time retailers want congress to do more to go after
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retail theft. lauren: they can prosecute as a federal crime and full resources for state and local government, you have 30 retailers urging lawmakers to pass a bill cracking down on not shoplifting, organized retail crime. this is where they take large quantities of stuff and sell it somewhere else and make money. this would be creating a new group under the department of homeland security. will work? i don't know. thieves are so emboldened right now but it is moving in the right direction showing you won't let this continue to happen because we are all victims of this either because of higher prices or violence when stores do something like that. stuart: can you convert a local crime into a federal crime? >> i don't think this is where the federal government should be playing. you add it up, it's by the billions of dollars, this is a local issue, state and city
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issue, new york city has problems not because of the feds, they are soft on crime and lack of prosecution. lauren: in one year you've been proven to stall $1000 worth of items and sold that, you prove that you did that is that federal crime? can it be prosecuted? stuart: can they go after him in some way, shape or form? get him please. check the markets real fast, 48 minutes, nasdaq up 120, small loss for the dow industrials. jonathan, i read your stuff, capitalistpig.com. you say trade for stocks is down. make your case. >> 80% of stocks are below their short time moving average, 7% stocks above longer-term moving average.
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i'm not a cassandra but every bear market starts as a correction. i'm looking for areas that are working and it is not those big names despite the fact we get a bounce today but looking at those off the radar ideas to make money. stuart: you've got a couple in mind i know we will get to. do you guys, running your fund, do you guys pay any attention to what is happening this weekend? jonathan:certainly. egypt which we talked about a couple months ago, that index is at 52-week highs despite the unrest in the middle east. got to keep an eye on what's going on in terms of american armed forces and markets. price action is where i am looking. what is working and what is happening now. stuart: you told me about sonic
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shares global shipping etfs, bot as in boat. as in both. it shares 14%, shipping company. jonathan:it's not exotic or a i or something counting major indices. these shipping stocks are outperforming. a lot of them up 20% or 30% in the last couple months. so boat as you said is an etf that groups a lot of these together and always want to consult financial advisors. 14% dividend and it is uncorrelated to the rest of the market even if technology stocks, boat is the technical name i can hold up in certain environments and its 14% yield in net dividend that will help hedge your losses even if the rest of the market stalls. you can make money here. stuart: is 14% dividend safe? jonathan:you always risk capital depreciation. a stock or index goes down 15%, 20%, that dividend won't help you.
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if commodity prices continue to move higher, especially oil, it will outperform when it comes to price action as well. the one to have on your list as diversification, the dividends are intact. stuart: i will call that exotic. the exotic condition of jonathan hoehn egg. got you. i want to know what's going on with dex.com, 9%. lauren: medical devicemaker known for their locus monitoring devices, sales of 27%, they raised their forecast for the year, look at the stock. stuart: pin world. lauren: they own t-mobile. everything is about that, it is amazon but cheaper and you can purchase beat kits and fast fashion, supercheap, based in china, trying to get bigger and more popular in the united
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states and they hate each other. there's a truce now. they basically each filed security filings for a legal fight. it is a bit more earlier. stuart: i am on safer ground with southwest airlines. lauren: they don't have foreign international premium seats, that business model is broken, stock is downgraded to basically neutral. stuart: no first class on southwest airlines. lauren: that used to be a good thing, the democratization of air travel. now he goes private. what do you need a major carrier for? >> they used to be the most reliable. stuart: they fly out of south newark airport. okay, all right. got to get to this. send your friday feedback, e-mail us your questions,
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comments and critiques, varneyviewers@fox.com. half democrat ian phillips says bring it on, biden, he's launching a democrat primary bid against the president, details on that. a new poll spells trouble for biden, support for him among democrats dropped double digits in one. kimberly stross on the 2024 race mess ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection.
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if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: quick market check, the dow is down, the nasdaq is up 560.
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president biden will speak with china's foreign minister today. edward lawrence is at the white house. is this conference this get together, is this about taiwan or what? >> this is about a meeting between president biden and president xi, this is why the president has not come out strongly against china, getting that face-to-face meeting, senior administration official telling that after this foreign minister meeting, not likely there will be a confirmation of that meeting but the baseline as two world leaders hit down in san francisco, president biden with multiple conflicts, china connected to that in some way. as jet fighters come within 10 feet of a b-52 bomber in the south china sea, president biden will speak to the chinese foreign minister as he leads the nsa, jake sullivan. >> an opportunity for mr.
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sullivan to address areas of concern that we have particular in the south china sea and an opportunity to explore ways in which we keep these channels open and try to get open the military channel communication which is close. >> reporter: the pentagon announcing us jets destroyed two locations in eastern syria that were linked to uranian proxies, this is linked to 19 attacks by uranian proxies in syria and iraq since hamas attacked israel. americans have been injured in this and one death. republicans are concerned president biden is leading from weakness. >> this is when we need a demonstration of american resolve, clearly standing with the israelis because they will need our support both diplomatically and in our security partnership and
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instead we are getting mixed messages out of the white house. >> reporter: the president later tonight going to a campaign event in washington dc before going to his bloomington delaware home for the weekend. stuart: now this. president biden's approval rating among democrats down 11 points in the last month. big drop. kim, this seems to be because of biden's support for israel. he's going to be tested this weekend because this ground invasion is supposed to be imminent. has in support will be tested this weekend. kim:let's hope he sticks with it. this is important, the democratic party needs this moral leadership, a progressive wing has been marching away from support for israel since the obama days. biden is trying to write that ship. every time they make demands of this president, he has tended
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to rollover. he hasn't so far but it's clear a lot of these numbers, drop of support in the democratic party, it's coming from a progressive wing that does not like his position on israel. stuart: dean phillips, democrat congressman minnesota launching a primary bid against president biden. do you think biden will actually be the democrat candidate? >> i think it's 50/50. he's making a point that everybody understands, nobody in the party wants to say it, biden is very old with a lot of liabilities and is not a party's strongest nominee in the general election. who is dean phillips? on the other hand this guy is young, charismatic, has a family fortune he can spend in this bid and one to watch, new
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hampshire, president biden is not putting his name on the ballot. they are miffed that new hampshire won't change its primary date and guess where dean phillips is going to run. he will put a lot of his attention on new hampshire so there could be some interesting dynamics. stuart: you have a new op-ed titled biden's supplemental wargames, time for the republicans to get serious and rain in the democrats spending now that they have a speaker. easier said than done. kim:this is an opening for that and that is what i was trying to say. the president keeps saying there's nothing more final, nothing is a greater priority than national security money for israel and ukraine. republicans ought to hold him to that line. the white house of this week sent a new emergency supplemental for critical needs which is stuffed full of liberal priority domestic spending, $16 billion more for
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child care, 6 billion more to subsidize netflix subscriptions. the president, we cannot keep spending, the president should be forced to make some choices, republicans have a choice by pointing out the white house isn't doing that with more domestic spending. stuart: we would have a better case to be made if the republicans could articulate the nonsense spending you just outlined in the spending bills. most people don't know about this. 600 billion for netflix subscriptions. 6 billion? >> we have a program that close the digital divide. paying for everyone with broadband internet, subsidized them to keep that going. like obama phones, remember that? stuart: who could forget, not quite sure.
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great to have you on the show today. thank you very much. vivek ramaswamy getting questioned after he said he's using the republican party as a vehicle. come en in. what does that mean? using republicans as a vehicle? ashley: he's using the party after vehicle to advance what he believes the country wants. watch this. >> why are your republican? went you become a republican? >> i'm not a party man. using the republican party as a vehicle to advance what i see as a pro american agenda this country is hungry for. kelly: he has been asked that question many times why he is a republican. in a 2-party system he doesn't align with democrat policies and refers to himself as an
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independent patriot saying he voted for trump in 2020. vivek ramaswamy one of four republicans who say they qualified for the third gop debate in miami on november 8th. the others as you can see, ron santos, nikki haley and chris christie, according to their campaigns. 7 candidates qualified for the last debate and the gop field starting to narrow. larry elder is suspending his 2024 campaign for the white house and endorsed donald trump to be the party nominee. stuart: thank you. jason, what do you think of vivek ramaswamy's remarks? >> that was offensive to say he's using this as a tool. if you are not trying to become the president, get out of the race. stuart: i think he is qualified for the next debate. >> he has an important voice.
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to say that's why he is doing this. stuart: not a good idea. thank you. new york city mayor eric adams says the city is running out of resources to house illegal migrants. we will tell you how the city plans to move them out. the us carried out airstrikes in syria used by uranian back terrorists. the pentagon responded after 19 american military bases came under fire since the war in israel began. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds.
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lauren: yes but not as much. the bottom is out, not straight up but up. stuart: how about tesla? they are up. lauren: in china you can make the argument tesla has the ability to call the shots as they pool their guidance and end there ev investments in their deal with the uaw, tesla seems like the early winter. stuart: will jamie dimon sell his own stock? lauren: one million shares, he has 8 million shares, tax money purposes and divestiture and a lot of investors saying 167. such a young one. stuart: thank you. to that later in the show.
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hamas calling for mobilization, they want palestinians to escalate clashes with israeli forces. the latest please. >> reporter: we are watching all day as the israelis strike hamas targets, this is the most substantial fighting along the border, israelis have ground artillery and navy to show positions as they keep hitting different targets, in tel aviv, they met with a small group of journalists, and the israeli defense minister spoke on the ground, giving new insight about the ground operations, not something that will take weeks, not months. he didn't give specific details about the situation and how
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this conflict develops. october 7th when the massacre took place there were questions of this was directed to buy iran. the country's defense minister says he has no evidence to indicate it was a direct order by the uranian regime, the fact that hamas and islamic jihad received ongoing funding from iran and its proxies across the region. other the elements in terms of uranian proxies having to do with us airstrikes on eastern syria, f-16s targeting any radian base where proxies destroyed their weapons and ammunition earlier today, the secretary of defense lloyd austin saying these narrowly tailored strikes in self-defense were intended solely to protect and defend us personnel in iraq and syria, separate and distinct from the ongoing conflict between israel and hamas. at this moment we hear fighter
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jets and the israelis used ground raids to target different hamas cells along the border. stuart: a former member of the white house hostage policy team, seems to me if i could cut to the quick, we want to crush hamas, we also want to get hostages out. we can't do both. >> correct, this is the most complicated hostage situation. you have to hundred hostages dispersed at 5200 tunnel complexes. small arms fire, and on the ground. stuart: american forces, troops on the ground in gaza, there are a number, there are ngo
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workers. stuart: have they gone into gaza? >> there are ngo workers. right now we are moving people to safe locations. it's virtually impossible getting people out of afghanistan and gaza and conditions that they are experiencing, people starting to experience these positions. stuart: you are in touch with these americans. you spoke directly with them? >> that is correct. stuart: how are you getting them out? must be negotiation. >> negotiations at the governmental level. we have folks on the ground in israel and government partners in afghanistan and ukraine, a line between india responsibly versus government and through techniques we develop through remote navigation where people say locations when we await the ability to get them out. stuart: you can do all that,
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you can move people around? >> appellee are techniques used in technology. stuart: forgive me for asking but a tunnel? >> other folks talking to tunnels but the place, there's tunnels all over the place, israel has to go on the ground, no way to get weapons without sending in the ground force, impossible to go from there. stuart: we have 900 troops just sent over there. what kind of troops are they? what kind of people? >> great question. the 900 are mostly support but augmenting a large deployment, 2000 marines, if 15s, b-1 bombers to the uk, enough to smack back and strikes against us facilities and houthi missiles, clear message from the uranian's about the terror conflict, the administration struck back last night and we will see if it continues to escalate. stuart: hate to say it but do we hope to get the hostages out, we reduce our hope if the ground invasion starts?
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>> it possible as ground troops move in and given the complex situation the only way behind the ground operations negotiation and special envoy we created out of policy review doing very difficult work to try to get them out but at some point if there is proof that israel has to protect themselves to take out the rockets that are there and ground operations at this point. stuart: thank you for joining us. federal authorities warning about threats from terrorism in america. good morning, ashley, what does the morning say? ashley: homeland security and the fbi saying the threat level has increased since earlier this month the volume of frequency of threats to americans especially those in jewish, arab-american, and muslim communities have increased raising the concerns about violent extremists and loan offenders, lone wolves, the latest bulletin says other
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terrorist organizations like isis, al qaeda, called for attacks on us bases, airports, battleships, embassies in predominantly muslim countries as well as attacks on europe and the united states. the public is urged to to remain vigilant and report threats of violence or suspicious activity to law enforcement. stuart: thanks. i'm getting confused with the names. you are ashley webster and always will be. children, you too. children are attending virtual anti-israel protests on roblox. the virtual protesters visited more than 275,000 times. carol markowitz will explain how it works and what is wrong with it. the manhunt continues in maine for the suspect accused of killing 18 people at a bowling alley. nate for a has the latest next.
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stuart: the story on the markets is a surge for the nasdaq, up 74 points. it is up nicely. quick check of amazon. excellent financial report, revenue is up 13%, $143 billion in one quarter. new york city taking a new approach to handling the influx of migrants. you can tell us what they are doing. ashley: how about flying now in a 1-way ticket to a destination to the migrants choice as more
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asylum-seekers continue to arrive and we know the city is running out of space and resources to house them. the officials recently discussed giving migrants tends and creating outdoor spaces, the new york city fire department closing multiple shelters because of fire safety hazards which mayor eric adams asked the biden administration to declare a state of emergency and this could cost the city $12 billion over the next few years over the ticket program. a 1-way ticket out of new york, not sure how much that will cost and how many take up the city on it. stuart: nice offer. what do you make of this? jason:how do you get on an airplane? they don't have identification. how do i not get a free charter flight anywhere i want to go?
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we give these people free housing, free education and new york city asked for it. they are the sanctuary city, the sanctuary state, they say we can't afford it, there is too many. what's going on in texas and arizona and california? stuart: it is exasperating. >> at the white house, the border is secure, we are closed for business. we when you are more animated today than you have been a long time. >> ticks me off, ticks me off. stuart: calm down. the manhunt continues for the mass shooter in maine. nate boy following the latest from where you are. >> reporter: we are 37 hours into this manhunt, authorities wrapped up the press conference and the real take away is they don't seem to be any closer to finding the man accused of carrying out main's deadliest
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mass shooting ever. we learn they are focusing on lisbon where there is a boat launch. a white subaru, crews are using dive teams to search the river that works its way through this area, feed to the coast where coast guard teams are using helicopters to patrol the area to make sure the accused murderer doesn't escape, if he's possibly on a boat. another thing that was interesting, authorities confirmed they did find a note at his home last night, we saw a heavy presence, they would not tell what media what was in that note but they did confirm that it exists. i will ask for you to pull up are at the temporary command center where the state and federal agencies are sort of congregating, the fbi here,
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notably the team from border patrol which recently captured the escaped inmate in sylvania. they arrived last night so they are part of this effort to track down this accused killer. look at this video, the investigation looked for a moment like it might be nearing its end, maine state police confirmed search warrant at home connected to the boat in maine. so another thing that was shared at the press conference is authorities plan on using pa systems like that and warn the public. when they do that that is
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standard protocol to keep everybody as safe as possible. it does not mean they are closing in on an arrest. everyone is hoping this is the day this manhunt ends. stuart: more varney after this. ? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™.
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stuart: roblox, the online gaming platform for children has been hosting pro-palestine protests attended by hundreds of thousands of relatively young people. how is this done? describe what is going on here because i don't get it. >> reporter: i have three kids who enjoy roblox. it's like a virtual society online with potential for a lot of bad actors and bad influences. i thought for a long time parents should be overseeing their kids videogame play but this strikes me as targeting young kids. imagine after pearl harbor you found out kids around the world are playing a videogame where the japanese were the good guys and supporting them in some way, in some sort of way like that. that is how i would feel if my
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kids came across this on their roblox game. i will have conversations about it. it is important for parents to understand that while this is the current threat there's always threats online. stuart: you can't ban it. there is a free-speech issue, you can't ban this. >> for a lot of people the last you weeks have been eye-opening about where that line really exists. you can't ban this. are you can do is oversee your children and it is tougher than getting it banned. a lot of people would love to ban something and have their kids, that's not the way the world works. stuart: wake-up call for donors after these elite universities, correct a number of dorothy -- wealthy donors pool their support for these universities.
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my question is what impact for pooling the funds actually have on those universities. >> we will get to see because funding is a speech, money is speech and these donors are saying you're not doing this in my name, jewish kids will not be locked down when being threatened by protesters outside in my name, they are not going to be tearing down pictures of kidnapped children being held hostage. the real comparison, the pearl harbor comparison, imagine if kkk was marching around college campuses threatening black students, and donors didn't do anything about it, they would be complicit in that. that's what is happening here. we continue to donate to these schools that treat jewish students this way, make them feel unsafe, not like unsafe the way we've been using it for the past decade, micro-aggression but actual aggression. donors need to understand that their money is complicit in this. if we don't pull it now i don't know what is safe.
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stuart: stay in florida. you don't want to come back to new york right now. i want to thank you for staying for the hour. you enjoy it. still ahead, pete hegseth on the pentagon sending us troops to the middle east despite a new poll showing americans not wanting our boots on the ground. kevin o'leary on sam bankman-fried on the collapse of ftx. riley gaines ran into protesters last night when speaking at harvard university. 11:00 hour is next.
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one of the extraordinary things we have seen about the biden white house is how sort of out of touch the president is with the number of trends in his party, and as far as the mideast is concerned work a lot of reality. >> we need a president who is strong, who is resolute, who is definitive, who is in command
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