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tv   Varney Company  FOX Business  October 30, 2023 9:00am-10:00am EDT

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anyway, let's take a look at futures, the dow up by 186-point and the nasdaq up by 90, s&p is up by 2030, we got mcdonald's earnings erie the program and they raise prices which led to strong same stores sales number 8% be on earnings and revenue. real quick, the fed meeting and jobs report are out this week. >> i don't think we'll see the fed do anything it is all about the commentary and i'm presuming they're going to hang in there and be tough and talk about looking for data and they can look forward to furthering reasons, we will see. that is their message. >> pay attention to the house this week and what's go on in the spending bills. cheryl: that is it, liz peek, doug collins. i'll see you tomorrow. "varney & company" is up right now. good monday morning stuart varney. stuart: you wake up on a monday and you see the war in israel
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expanding, what is happening to your money. we have a rally the dow industrial to a point of the opening bell, s&p 24, nasdaq up 100 points. maybe investors take a benign view of the fed's interest-rate decision this wednesday. maybe they're looking at history which shows stocks rising when the shooting starts. despite the work, oil has come down to the low '80s, touch 90 bucks a barrel when war loomed, now it's 84 as the shooting starts. gas has come down to it is at 349, your average on regular, diesel down another penny, $4.46. interest rates are creeping up a little, the tenure at 4.91%, maybe that is edged back a few of the gains on the nasdaq, the two year above 5%, 506 where we speak. that is the market, now the war, israel pushed deeper into gaza
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to encircle gaza city the central population, basic supply running very low crowds break into and loot un warehouses, two very important meetings, the saudi defense minister is in d.c. he is the brother of ben solomon, some speculate the saudi israel peace talks are not entirely dead. the second meeting took place between senior u.s. officials and qatari officials, back home the uaw has extended its strike against general motors. saturday 4000 workers walked off the job at gm's largest player north america, spring hill tennessee, gm is the last holdout to get on the show today trouble and ev land, consumers are not buying china is taking over and the speculation that detroit will need a government bailout if electric vehicles keep fading. congressman it pramila jayapal goes on as a racist state, racist, apartheid and colonize to bring people of color to the anti-semitic movement.
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which is gathering steam in the united states and elsewhere. a mob took over the airport at a city in dagestan republic within russia searching for jewish passengers on a flight from tel aviv, shocking. monday october 30, 2023, "varney & company" is about to begin. ♪. stuart: the very latest from israel. benjamin netanyahu as second stage of the war against hamas. >> israel expanded their assault into the northern gaza strip it's estimated israel has advanced 3 kilometers into gaza striking 600 targets including key hamas positions, israel using bunker buster bombs to destroy hamas network of tunnels were 239 hostages are likely being held, including ten
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americans. president biden held an emergency phone call with benjamin netanyahu urging the israeli prime minister to protect innocent palestinian civilians in gaza and allow them humanitarian aid. stuart: check the futures, look at this, this is a rally, the dow up 200, nasdaq 100 points, jeff sica in with us to look at the market. the market is rallying despite the war is it a fake rally? >> i honestly believe it is a fake rally, i think the war, except to the impact that the war has on oil prices and whether iran in the expansion of the war, the market is not going to be overly focused on that, as you said in the preliminary, it is talking about will coming down recently, the market has been so heavily connected to oil and they are ignoring that and their focus is going to be on the fed and there's a big into
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the patient that wednesday the fed is going to back off raising interest rates despite the fact that we got the very robust gdp last week. they are most likely going to back off and the market is looking at this a being the end of the interest-rate increases. stuart: the future of this rally, it is a rally depends heavily on the price of oil. if the war is extended and oil goes up, this rally is fake, it comes down. >> right. there is a lot of confidence in the israeli army to do what needs to be done. because of the level of confidence there is a confidence that this maybe won't expand beyond what is to become which gives people a level of maybe we won't get involved, maybe iran will stay back on their heels, that is all in the air. it puts us in a vulnerable position. stuart: historically when the shooting starts, stocks go up.
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>> yes. >> to predict a victory on the side that we back, that is basically it, let's get to apple they report thursday, what can then due to the tech stocks. >> what i call the formerly magnificent seven that of been down close to 20%. stuart: there still doing okay. >> they are still doing okay, dave got up in the past few years, this is just a blip on the screen in terms of their declines, apple is important, i feel apple's numbers will be okay but the one thing i'm looking for in the apple numbers, i'm looking for how many consumers are able to go whether they have to use their credit card to buy the new apple 15 because we see all this massive consumer debt, over a trillion dollars a people are paying 22 - 28% interest on, are
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they using their credit cards to buy new apple funds to upgrade their phones i think apple in so many ways we said before on the show that as goes apple so goes the market. if they don't surprise as i don't think they will, this market will rally my contention don't buy into this rally and if you need to raise cash start selling into the rally. stuart: thank you very much for being with us on a monday morning. squad member and congresswoman pramila jayapal is warning biden stands on israel must cost the muslim folks. >> the president needs to be just as courageous on this issue so we keep the unity within our country. he is going to be challenged to explain an issue of this moral
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significance to people. the american people are quite far away from where the president and even congress, the majority of congress has been on israel and gaza. i would call him to bring us to a higher place. stuart: david avella joins us. our democrats worried about losing the jewish vote? >> no, the reality is 74% of americans are following what's going on in the middle east. every decision president biden makes his good impact how voters feel about him. to the congresswoman's comments, michigan has a sixth-largest air population in the country. it's a swing state. if you get bobby kennedy on the ballot in cornell west on the ballot, all of those start chipping away at president biden in a state that he must win. by itself would it cost the reelection, probably not. if you put all those factors
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together, let's go to the 74% of americans that are following this war, the reality is the defense authorization has been sitting in the senate since july. the border security funding bill that the house republicans passed has been sitting in the senate. chuck schumer sits there and will not pass the bill onto areas that are critical for americans right now whether it be the border were our defense department, tell the senate to move the bill. stuart: next one, mike pence dropped out of the 2024 race, donald trump thanks mike pence should endorse him. >> people are leaving and they're all endorsing me. i don't know about mike pence, he should endorse me, do you know why, i had a great successful presidency when he was a vice president. he should endorse me. i chose him and made him vice
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president. stuart: i don't know if mike pence is going to endorse trump, i don't know but my reading of the gop candidates, number of shrinking and it's nikki haley and ron desantis who lead the pack behind trump. can you argue with that? >> when you're up 30 points, the reality you don't need any of your rivals to endorse you. the last time in my 30 year career i never thick of a time where a candidate has wanted their opponents to endorse someone else. he's clearly in the front runner seat and wall nikki haley and desantis do have favorable ratings, the reality they are still down 30 points about who people will actually vote for and until they get a clear concise message like donald trump out of 2020 when he said he would build the wall and create jobs and take on the swamp, until they get a message that is not clear to republican voters, he's good to remain 30% up. stuart: i think we lost some audio, can you hear me? are you a trump guy?
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>> stuart i been on with you many times defended the policies of the president and if he is our nominee, working to going strong with policies that republicans favor. stuart: david avella, thank you for being here we will see you soon. a quick check of futures, modest rally, the dawa 200, nasdaq 100 points, got it. coming up jared kushner returned from saudi arabia he made a bold claim of the safety of american jews. rotate. >> one of the ironies as an american jew, you're safer in saudi arabia right now than a college campus like columbia university. stuart: isn't that quotable, we will get into it, dottie arabia's defense minister visit the white house publicly arab government condemn israel but they're exasperated with hamas does this leave the door open to
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stuart: president biden meets a saudi defense minister at the white house. edward lawrence joins us. two things, are they trying to stop a wider war, can this revive the saudi israel peace talks? >> as for the peace talks, who knows were pretty far down the rabbit hole at the moment here, the saudi's absolutely want to stop a wider war, the message of the brigade the u.s. to get israel to back off the ground offensive that they're doing, the u.s. wants the saudi support
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to allow israel to go after hamas. over the weekend the saudi government condemn the ground offensive in gaza the saudi defense minister will be meeting with the defense secretary, secretary of state national security advisor in washington. the biden of administration stressing the work to get humanitarian aid into gaza, republicans put the blame for all of this on weak leadership at the top of the u.s. government. >> i have seven children and i know my children would never act out in front of me but when you have a weak leadership and anybody who is weak and not been in the military for 20 years there are certain things you don't mess with. biden is not one of those people he is weak and that's why we get attacked on all fronts. >> president biden held an emergency phone call with is really prime minister asking the prime ministers to be careful of civilians in gaza as the president's advisors push their vision of peace. >> there has to be a better vision for the palestinian people going forward he still believes in the two state vision
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working with arab partners, certainly is really counterparts, palestinian authority were working with all of those to find a way to get to two state solution so the palestinian people can live in peace and security. >> as we watch us unfold over the weekend the vice president saying she would not support putting u.s. ground troops on the ground in the middle east. back to you. stuart: christian whiton with me now. publicly arab countries condemn israel, privately they express a lot of exasperation with hamas, do you think that leaves the door open for renewal of the saudi israel peace still? >> eventually, yes, hamas is in distinguish from the muslim brotherhood by most arab governments, they view as the armed wing of the muslim brotherhood they came largely out of ease egypt but committed to destroying all of the arab monarchies that we are alive
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with incoming included especially saudi arabia they would like to see them replaced with iranian style government. islamic teary knees, there is no love lost between these groups, the arab have their own politics and they are susceptible to the whims of their people somewhat, their sympathy for palestinians, they have to go through the motions and may genuinely be some pathetic for the palestinians but certainly not hamas, down the road i think saudi and israel may get back at negotiations, it'll be hard to do during the war. stuart: national security advisor jake sullivan is warning of a wider war in the middle east, roll the tape. >> the president has been very straightforward on this. if american troops are attacked by iran and its proxies we will respond, we did respond. if attacks continue we will respond. stuart: let me turn this around, does iran really want a wider
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work? >> they would like to erode what we have, what's left of u.s. power in the region and it's unclear why we still have troops in iraq for example which is an iranian proxy but that was lost a long time ago. in syria nobody can explain why u.s. forces remain, isis was defeated long ago and our departure would not result in their wellspring again. certainly any case that iran can increase its strength whether that's in iraq or hezbollah in lebanon et cetera also by kicking up the who they again as a weapon to use against saudi arabia, the looking for opportunities to do that in doing them fairly well, i don't think they want full out war, particular israel could smack them extremely hard, with nuclear weapons if necessary, i don't think that's at all likely, it'll play a half or game. stuart: how do you see israel's invasion of gaza its large
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incursion, how do you see it playing out, they are in this thing for a long period of time, months maybe a year. >> i think so, there is no real explanation of what comes next, to hear jake sullivan and everyone repeat the catechism of the two state solution, the two state solution is as dead as julian caesar, what replaces hamas if you go in and destroy the military force, what does that mean, when isis was destroyed it was placed in various geographies with the government it was replaced with the government of iraq, you can have a vacuum, something has to fill in the short term that will have to be the israeli military and that is the question of what comes next, is it install and controlled by israel, is this something the egypt and the gulf states back, it is very unclear at this point what that is. it has yet to be defined until you look at open-ended occupation and operation.
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stuart: no six-day war for 1967, christian whiton, thank you very much. pro-palestinian protest continued over the weekend including in russia. take me through what happened at the airport in dagestan. >> therefore is locked on this morning, yet anti-israel writers, you can see them storming the terminals, they eventually got to the runway and they were looking for passengers, jewish passengers flying in from tel aviv they were ripped off the doors straight off the hinges chanting anti-semitic slurs the entire time, that is a mob of people, this airport is in a predominantly muslim area of russia, there aren't that many jews in russia, the 80000. over 20 people hurt, to incredible condition, here's the point imagine your fleeing israel and clearly you would not feel safe as a jew and you don't know. stuart: not fleeing israel, just trying to travel in general and
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where you land. >> you might not feel safe even if it is not in the middle east, this was in russia. stuart: a gentleman came up to me over the weekend and he said i am jewish, am i okay to fly to london and paris, i was not sure what to say to him but i thought you would be relatively safe, two days later i saw him with a suitcase and yes he was going, he was nervous and i can understand how any jewish person in the united states traveling anywhere is scared to death about this kind of thing, what happened to the airport. >> my good friend canceled her trip, even if we were safe in the end it did not feel right it did not feel right to go. >> what a time we live in. the market shows a rally at this point. nothing to do with the war, maybe something to do with interest rates, the dow is up 200, the nasdaq is at 93, the opening bell is next. ♪
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and taking release, the weight just kept coming off. (soft music)
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stuart: there are sources who suggest that general motors has reached a tentative deal with the united auto workers union. general motors stock is up more than 1%, over 1.8%. is that one point to 5%, $27 a
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share. it is the lantus and fort up slightly today. check out futures, that rally is holding, dow up 200, nasdaq at 92, the solid gain for the s&p as well, show me the ten year treasury the important number, the yield is going up, 490 is where we are now, the stockholders, he fits with me this morning are you still putting any spare cash into 5% treasury. >> i am but i'm think about deploying with apple coming up in some of the other bigger needs ahead, we have a lot of good numbers coming up on the board and it's taking people by surprise. stuart: why invest in stocks as the war is intensifying, extended to some degree, why put money in stocks at a time like this. >> is a really interesting question, it dates back to the old adage by loiselle hi, you
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buy into trumpets which is 1805, 1810 the battle of waterloo, it didn't 0 two stepping in when everybody else is running the other direction. history shows after conflict there tremendous periods of economic expansion. if you can you want to stay in the game and invest, particularly if your dividend investor in disciplined about it. stuart: what about the federal reserve, they meet on wednesday, i cannot see them raising rates with the war going on in the middle east, can you? >> respectfully i'll take the other side of the table. i think they will be silly enough to raise rates just to prove a point because they have been wrong since they cited transitory. we have one more rate hike into the into year end one morning he wanted q2 before this turns over. >> if they announce a rate hike on wednesday all of that is
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rough on the market aren't they? >> it's easy to think that way, i think there's going to be accounted of input, the work and stay relatively contained, the meeting for example with the saudi arabian and defense minister, if they avatar or an understanding reached, and the markets get comfortable with that i think they can handle rate hike, everybody knows that that is the game plan, it's uncertainty that's a gotcha. stuart: what are you expecting from apple. >> i'm expecting 70. >> 10% earnings growth, what i'm watching is apple, vision pro in their entry into gaming. between finance and entertainment we have billions of devices i think it be good numbers if it goes low enough i will buy more. stuart: keith fitz-gerald, taken for joining us. 19, 18, 17 seconds to go before the market opens. were expecting a rally at the opening bell, you never know how these things end up at the closing bell. at the opening bell we're looking at serious green. three seconds to go, we're going to press that button and start trading, way we go. let's start with the dow industrial, it is up 241 points. in a moment we will show you
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where the dow 30 is actually going. let's move on to the s&p, the dow stocks, the s&p is up .73%, solid gain three quarters of 1%. the nasdaq same story, .8%, this is a rally across the board. big tech i presume they're all up, if nasdaq is up 100 big tech is pretty doing well, amazon up 180, meta $3.59. microsoft assault again, it is up two-point, $2.86. apple below 170, 169, they reported thursday, let's get back to the news, tentative deal with general motors, sources say. >> reports that gm are in a contract agreement with the uaw effectively ending, they were the last holdout, the first simultaneous strike against the detroit three automakers with
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record wage increases in benefit hikes, gm is not commenting on this yet, what happened saturday night, 4000 workers walked off the job at gm's largest assembly plant, spring hill tennessee. that was hours after stellantis had struck a deal with the uaw to industry. that deal involved reviving a plant that they have closed d down. >> it seems that the union and postal much pain on the big three they were forced to settle after weeks of strike, it was made painful for gm, ford and stellantis. >> i was reading the top skilled workers can make $50 an hour for some of them, most would be 40, extra skilled workers would get $50 an hour. stuart: will wait and see what general motors has agreed to, what kind of pay raise in details. >> i thought they were the loan holdout may be would not see the four-door stellantis still go through, what is gm waiting for, i thought the companies would
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have reneged, i was wrong. stuart: mcdonald's before the belt they did quite well, same-store sale be in the u.s. because they're charging higher prices, customers are paying and across the income spectrum, the lower end is hanging in there, the higher income consumers are trading down, they get value at mcdonald's, they brought back popular menu items like the spicy chicken nugget. stuart: they have pricing power, global sales, same-store sales up 8.8%, domestic same-store sales up 8% even. >> 8.1. >> the stock is down, what are they doing. >> if you got pricing power your stock goes up. >> facebook, and instagram, they can offer subscription, i don't understand. >> pay to use facebook, pay to use instagram, this is in europe if you do not want to see advertisement you have to pay
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ten, 13 euros a month. if you want to add to it is free. why is meta doing this to comply with the eu regulation that curb their ability to personalize ads without your consent. by charging, essentially this does not affect their ad business which is 98.5% of overall revenue as we learned last week when they reported, for stocks up 1%. >> so far an online bank doing well this morning, they're doing well up 12%. >> revenue rose 27% more money coming in, deposits more than doubled from a year ago and from good customers. the ceo said the fresh deposits, the median fico score 743. also strong student loan origination boosted the full-year guidance, all good except for the fact that there still reporting a quarterly loss. stuart: they judge the quality of the loans while the average fico score on people taking out loans, did not know that, interesting.
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draftkings, online gambling up 19 cents, what is going on. >> they really reiterated their buying but lower the price target by $2 to 35. more than rat here, jeff kings is going to have trouble breaking out until they can prove that they have market share resilience. there is more competition in sports betting. draftkings reports on thursday. stuart: i would like to know how many people that on the giant game this weekend. >> did you know taylor swift was not at the chiefs game. >> is that the story of the morning? >> they lost but then they ended the game with her song shake it off. stuart: that the sidebar story. reviver i know there a pharmaceutical company, my question i heard rumblings here in the stock is up. >> stocks are up most 50% at trial positive results reducing symptoms of schizophrenia, and emotional withdrawal from other
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people, they expect to file a marketing application with fda in 2025. stuart: the chipmakers have been reporting, one reported this morning, all in semi conductor, they must've done very badly. >> they're down 15%, the quarter was not a problem, it's a forecasted major problem, the chipmaker says they can have revenue and prophet well below expectations because of facing tighter expert positions to china in a tech selloff in the united states did you know the nasdaq was down for the half% in october. the mood in october as it typically does darkened. stuart: i took a hit, i know. check the big board in business for almost six minutes we are up 233 points, two quarters of 1%, the dow 30, 27 up, only three are down, the dow winners, verizon, nike, goldman, caterpillar, amgen, all on the
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list. s&p 500 winners, western digital, foster, too far away. i need glasses. >> zoom in on me, trying to read it. stuart: television is brutal, nasdaq winners, show them to me. i read this. airbnb, warner bros., amazon, charter, no big tech and there, i'm disappointed. the ten year treasury, this may be a problem for big tech stocks, it's inching up the yield moments ago 491, now it's at 489, that is still the yield rising a little, gold above $2000 an ounce, 2007. bitcoin very strong, $34600 per coin. interesting alternative investment, the price of oil coming down. nat gas, where is that today, 3334. look at this op-ed, massacre
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shows how maine and the nation failed to deal with violent mentally ill, doctor marc siegel wrote it, he's going to be here to explain, 2024, bill maher boosting fighting challenger dean phillips, roll tape. >> i love dean phillips, nobody knows who the [bleep] is, that is good, do you know what i know about him, he is 54 and he has a d next to his name. >> he is young and a total outsider it remind people of the new speaker mike johnson. the wall street journal says walk child, the electric vehicle bailout coming is a denevi bus on the way, stephen moore on that, stephen is next. ♪
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a tentative deal with general motors, edward lawrence is with us. >> the detroit free press is saying there is a tentative deal between the uaw and gm less than 48 hours after gm announced that it would increase its strike to included tennessee plan that makes a very popular cadillac suv as well as engines for across the number of brands that they have. 46 days they've all been on strike, ford has struck the first deal which 25% pay increase over the life of the contract. stellantis followed with the same 25% increase over the life of this. we understand over the weekend gm offered a contract that matched basically what ford had offered. it might be in line with that were still waiting for the uaw confirmation on this. a total of 18200 members on strike, 2500 layoffs happen read we also have to see if all of
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these people in depth going back to work on this. sources from the detroit free press that there is a tentative agreement between gm and the u uaw. stuart: thank you very much. stephen moore with us can the carmakers afford the big pay and benefit increases? >> that is a good question, especially given the huge losses that these companies like ford are suffering because of the ev mania. i saw a statistic this morning that ford is losing between 40 and $60000 per car and are making with tvs because of the cost of the batteries, it's been a bad bet and i'm in favor of workers getting the highest possible wages that they can. we have the copies i gm and ford and financial trouble right now it is hard to see how they can stay in business with a really high big raises that their offering.
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stuart: there's an op-ed in the wall street journal graceful wind in ev, give it to me. let me see it brace for wind and electrical bailouts, you have your own op-ed on this, the less green greens are going up in smoke is a bust coming for the ev market? >> could be if you still see a situation where only 10% of the cars that people are buying off of lots today are ev's, i talked to dealers around the country auto dealers and they are telling me they have locks for ltvs and they say they want a gs car and the like i don't have any of those. are you interested in the ev and people say i don't want it. there is a demand for the hybrids, i think the car companies would be smart going to hybrids where you can have gas and electric battery but the
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car companies are not making those cars, the reason they are not making them because the government is mandating that all cars bev's, that's worth doing in california. stuart: if they keep up with the mandate and people don't want them, the car company's get into serious trouble are we looking at down the road government bailouts? >> of course how many times have we bailed out the car companies in the last 50 years, two or three times. i think the bailout is certainly in the offering. let's not forget the federal government is also already offering all of these sweeteners to get people to buy electric vehicles. if you go to 7500-dollar basically a check from the government every time you buy in ev let's not forget were subsidizing the battery companies. the subsidies are already enormous the taxpayers are paying for these things in the most amazing thing even with all these sweeteners, americans are still saying i do not want them.
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i make the analogy i don't know if you remember this but a famous incident with the edsel, that was in the late 1950s, henry ford's son was named after this, the great car, all the executives that this is the car everybody's going to want to buy ford made 500,000 of these sedan cars. but nobody bothered to ask consumers whether they wanted the car and of course it was one of the great flopped of all time. if these trends continue, we will see the ev market become the next big flop because car buyers do not want them. stuart: that would be something, thank you for joining us. look at tesla. this is interesting, some people announced selling the cyber truck reservation on ebay, you know what i'm going to say are these reservations equivalent of the taylor swift ticket? >> i would say they're going
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$10000 a pop when it only cost $100. to make the reservation, that was four years ago. >> can you do it? will elon musk let you get out of your contract? for the car? there is a catch upon delivery you might be able to unless you get permission from the company first. i don't think you can say here's my reservation. if you put the $100 down in 2019 there is a 2 million order backlog you're lucky if you can get that car. stuart: at 2 million backlog, if a futuristic looking thing. >> it looks odd but i have to say and ready for something new i'm starting to think all ev's look alike. >> when i drive that around my tree farm. >> you have a reservation? stuart: i do not. next one for you, panasonic supplies tesla with their ev battery. >> the battery for the premium tesla model, the more expensive
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ones because they do not qualify for the tax credits, demand is not there. what panasonic is doing is regenerating supply to meet the word demand and as a result they expected annual profit to fall 15%. stuart: got it. coming up anti-semitism, getting out of control, members of commerce are fanning the flames, and come to on democrats to do something about the people in their own party or deliberately dividing our site society, that is my opinion, my taken coming at you at the top of the hour. sam bankman-fried returned to the stand today looking to prove he had little to do with the billions lost by ftx, we have the latest on where the case stands. next. ♪ this is spring semester at over 13,000 us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack on a chromebook.
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i was on a journey for a really long time to find some relief. cosentyx works for me. cosentyx helps real people get real relief from the symptoms of psoriatic arthritis or psoriasis. serious allergic reactions, severe skin reactions that look like eczema, and an increased risk of infections, some fatal, have occurred. tell your doctor if you have an infection or symptoms, had a vaccine or plan to or if ibd symptoms develop or worsen. i move so much better because of cosentyx. ask your rheumatologist about cosentyx. stuart: sam bankman-fried will take the stand again today and his fraud trial. kelly o'grady is outside the courthouse, what can we expect from the cross-examination today. >> it is going to be a game of gotcha, that is for sure were expecting this to be combative in the prosecution to
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systematically dismantle the narrative the spf has been putting out this far, i confirm he took the stand moments ago for friendly questioning from the defense. the picture that he's been painting is an entrepreneur who did not have enough experience. he said he knew basically nothing about crypto when he started in the industry, he shared his biggest mistake they did not have a risk management team leaving ftx with no oversight. were getting a taste of what he made those millions in political donations, was not to gain regulatory favor for ftx that i come to the belief that i have substantial impact on the world and there were issues that i personally cared about for the world, pandemic prevention being the chief one. the defense main strategy has been to cast blame on the important enter circle, caroline ellis and his ex-girlfriend under the bus saying he told her to hedge risk but she ignored
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that advice, he is also directly contradicting testimony of the enter circle, arguing they did not give him a clear picture of how dire finances were in they engaged in fraud without his knowledge, been a bad ceo is not a crime but the inner circle members apply guilty to fraud so the jury will have to answer whether they think he didn't know what was going on being there leader, certainly the prosecution will and that prosecution today. stuart: thank you very much, the dow up 300 points of the nasdaq is up 184 that is a solid rally, microsoft up $8 it is a doused stockinette helping the dow industrial. show me the automakers, president biden says the deal that general motors has struck with united auto workers union is tentative at this point and the president says that is a great deal the general motors stock is down the only stock is
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up and that is stellantis, check the ten year treasury yield going up whenever rally in stocks. the price of gold above $2000 an ounce. solid gains for bitcoin, 34000 and change, 346 to be precise. oil going down as the war heats up, $84 a barrel, not gasket weed up several percentage points, 3.7% higher, still ahead the white house says there is a risk of the were escalating into a regional conflict. does iran want a wider work? i'll ask kt mcfarland. as the squad losing the support of the media, joe concha said yes they are, speaker johnson says avoiding the government shutdown is a main priority, will conservative congressman ship roy agree with that and walter isaacson has a new book about elon musk i want to know what motivates elon musk and is it as important as steve jobs. the 10:00 o'clock hour is next.
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