saying we're going into gaza and joe biden nowhere where to be the found. i'm not surprised we're looking at these numbers the way they are -- cheryl: right. certainly, the inflation story can be directly tied to the out of control spending, but i think to jessica's point, that isn't stopping. really quick, apple, i've got just a quick time, but apple ooh's coming out on thursday. that's going to be a big number. >> the china story is a difficult place to be, the question being as much as they are. we'll see what that does to their numbers. cheryl: yeah. tim cook has been over there the repeatedly, so there's the obviously a reason he's been making that cross-pacific trip. jost, jessica, guys, thank you so much. that is it for me. again, you've got a market that -- stuart, i don't know what to say, i'm sorry, the dow just went into negative territory. i apologize. [laughter] toothout good morning, cheryl. i'll explain this. here we go again, the war intensifies. until about a half hour ago, the

market was rallying. i'll still say it's rallying on the grounds that there's no big selloff after yesterday's big gain, okay? here's what we have for you. the dow can up 500 monday, down a couple of points today, no selloff there. the s&p, that was up 50 points monday it's up another 6 this morning. the nasdaq was up there the bigtime yesterday as well, it's up again ever so slightly today. so now we have a little bit of green on the left-hand side of the screen. interest rates, going down. look at that. the yield on the 10-year treasury, it was 4.81 now, now it's 4.85, but still down a little on the day. the 2-year barely above 5., 5.04. those are positive numbers. oil at $82 a barrel right now and gas down again, $3.47, down 2 cents. that's your national average for regular are. diesel, no change, but $4.46. bitcoin holding on to its gains, $34,300 is the current quote.

all right, now to the war. israeli tanks and infantry press further into gaza. a top hamas commander has been killed. he planned some of october 7th attacks. late news, a ballistic missile shot down, it was fired from yemen at israel by iran's proxies. an american f-16 shot down a cruise missile. the war intensifies, the market flat of after yesterday's big rally. politics. the administration promises action to counter anti-semitism the on college campuses, but karine jean-pierre at the white house refuses to call out pro-hamasage a taters, won't even call them extremists. how many terrorists have crossed our southern border? we may get to the truth today when secretary mayorkas testifies on capitol hill. on the show today, something really different otis the perlman, mentalist, illusionist, i guarantee you will be amazed. it's october 31st.

yes, it's halloween. streets are full of little children in costume. it's a fine sight. "varney & company" is about to begin. ♪ ♪ stuart: good morning, everyone. let's deal with the war first of all. defense department says our troops have been attacked 24 times in syria and iraq since mid october. good morning, lauren. the president todays -- says don't, but iran's proxies are still coming at us. lauren: yeah. iran-backed militias continuing their relentless attacks in iraq and syria. that number now hits 24 in just 2 weeks. there are 900 u.s. troops in the middle east plus two carrier strike groups, and news breaking overnight. israel says it took out not only a top hamas commander, but the one who directed the october 7th attack that started this war. israel says he was central to hamas' aerial strength, the

paragliders, that invasion, and on the ground israel troops continue their advance into gaza. they are moving toward the center. prime minister netanyahu doubling down that israel will never surrender. no ceasefire. stuart: that's the current state of play. lauren, thank you very much, indeed. david bahnsen with me this morning. david, we do have a war, and we've also got a modest rally today and a big rally yesterday. do you want to explain this? >> well, it's been going on for three weeks that you've had a lot of volatility. and bond yields are really to blame, is that yields dropped when the war first started back october 7, and i think as bond yields came higher, the rally fizzled, and we've had big selloff days and big rally days. this has been part of a 2-year prediction of a directionless market. we think the market is going up and down all over the place, it's also dead flat for two years. that's really the trend. you go up and down 8% here, 4% there, but you're not moving.

the market's running in place, stuart. stuart: the market is surely getting some strength pause they don't expect a rate increase from the fed tomorrow, and earnings so far have been pretty good. so that's a boost for the market as well. >> earnings have been pretty good, but they have been a little subpar for certain sectors, certain companies. it's a little more of a mixed bag than last quarter, and the markets have not expected any rate hike for some time. that's priced n. i don't think they're going to the raise again, not this meeting, not next meeting, not any other meeting. the question is when they start to cut. how long are they going to stay this high, because they are definitely tightening financial conditions even just by with staying still. stuart: $776 will be borrowed by the united states treasury in the next three months. that seems to me to be a very high number, and i think surely that'll have some impact on interest rates, won't it? >> well, not really when the market knows it's going to happen. they've been running over trillion dollar testify the fits

for basically 15 years -- deficits. stuart: where's that money going to come from? >> they borrow it, that's the whole point -- stuart: from who? >> who's buying the bonds? we still is have huge appetite from foreign and domestic investors. the question is, if rates come down, will investors continue to buy? i want to be clear here, they've been saying for 30 years that people are going to stop buying treasury bonds. they don't. the dollar is the world's reserve currency. people have to turn their dollars into a safe asset. that's what treasuries are regardless of the yield. stuart: thanks for pointing that out. good stuff, david. you're here for the hour, you lucky guy. the administration is outlining how they plan to address anti-semitism on college campuses. roll that tape, please. >> this week senior administration officials are meeting with jewish leaders and universities to discuss the threat of anti-semitism on campuses and what the administration is doing to act in the upcoming days and weeks.

the administration will continue to work to combat anti-semitism and all hate-fueled violence on schools and also on college campuses. stuart: we are fortunate to have the lawrence jones with us in the studio this morning. all right, lawrence, two questions. what exactly is the administration doing about anti-semitism on campuses, and what do you think they should do? >> well, they just read a statement from the binding -- binder, so i'm sure that's going to put all of us us at ease, all the folks that are marching through the street waving hamas flags, that is going to put us all to to peace. i think we need a passionate message from the president of the united states, no prompter, no binder, straight to the american people saying i stand with the folks on these college cam discusses. and -- campuses. and not only that, the civil rights division of the department of justice needs to start prosecuting these people. they are intimidating them. you have folk in lockdowns right now because they continue to that harass them, use talking

points of hamas, say things like from the river to the sea. it's just on and on and and on, and i think, you know, what will we do if these were white supremacists, right? they get knocks at the door, right, can we have one standard of justice? and it seems like because this minority group has white skin, that we can't protect them. and that's sad in america because we're supposed to be a place that protects everyone. we're not doing it right now. stuart what about the donors? some are starting to withdraw their money. has that some effect? >> well, i think the donors is a big part of this puzzle, but the parents have to stop paying for the colleges and these universities. i mean, if you really want to get their attention, tell your child, hey, if this is the school that you are wanting to attended and they're teaching values that i did not teach you, which is to love your neighbor, to be judge people by the content of their character, i can't support that. i think you start doing that across the country, they'll start listening. stuart: oak. i want you to -- okay.

i want you to listen to kamala harris, made an appearance on "60 minutes" on sunday. she was asked about the possibility of her being elevated to the presidency. watch this, please. >> you are in the spot that that would be a natural for you to accept the up, but we're hearing from -- to step up, but we're hearing from donors they would not naturally fall into line. why is that? >> well, first of all, i'm not going to engage in that hypothetical, because joe biden is very much alive and running for re-election. stuart: okay, lawrence. >> wow. stuart: the biggest worry for many, many people is a president harris. that scares people to death. >> is we don't have to worry about it, because joe biden's alive. wow, what a talking -- >> what else could she say? >> that is the bar. not that joe biden is doing a great job, that he has had this great economy, he's securing the border, he's standing for parental rights, you know? things are going great in the country. joe biden is alive. look, he is the insurance policy for joe biden right now. any other vice president in

modern times that has a president like joe biden, they would be begging, the party leadership would be begging them to take the nomination. she just is so incompetent that they can't do that right now. so, you know, i think the allegation has been that the democrats don't have a bench. i i disagree. they have a message for the base. but they can't do that right now. stuart: you can't get them out. there's no strategy for removine president, getting him to the stipten down and the vice president to step down. you can't do it. >> i'd like to tell folks that democrat politics is much different than republican politics. the party controls a lot more than we know of. you know, everyone always says, you know, kevin mccarthy did this to the the himself, he didn't have the control like nancy pelosi had. well, nancy pelosi, if you went against her, she'll primary you, spend millions of dollars against your opponent. that is against the republicans' rule. they can't do that.

the democrats have the super delegate, they have the party infrastructure, they have the doe fares. -- donors. it is much different to take on someone that has been in politics 40 plus years. he's been in politics since the age of 30. i'm 30. he was elected senator. he's 70-something now? lauren: 81 in 20 days. >> yeah, so there you go. stuart: that's right, i forgot that. lawrence, thank you for coming back. >> thanks, brother. you made some time for me, i was running across the studio. lauren: you made it. stuart: we're going to the the settle that down. thanks so much. professors at columbia university coming to the defense of students who have supported hamas. hay signed a letter calling on the administration to protect these students. lauren, how many professors signed it? lauren: over a hundred. stuart: you're kidding me. lauren: saying it is okay to reconceptualize the events of october 7th. i read, as scholars who are committed to robust inquiry about the most challenging matters of our time, we feel

compelled to respond to those who label our students anti-semitic if they express empathy for the lives and dignity of palestinians and/or if they signed a student-written statement that situated the military action begun on october 7th within the larger context of the occupation of palestine by israel. i was looking at the names obviously professors that -- of the professors that signed on, many in women's studies, gender studies, literature. those are the classes i took at that school in graduate school over 20 years ago. not my professors, but i was there. i was sitting in those exact kraska -- classes. what didn't exist 20 years ago is dei. dei has created this toxic culture where there is no moral clarity on college campuses right now. they're a hotbed for anti-semitism. stuart: well said. didn't mow the you were there. thanks very much, indeed. coming up, here's what we have for you. peter doocy asked kjp if president biden thinks

pro-palestine protest theres are extremists. watch this. >> reporter: we hear you guys don't talk about extremists all the time, it's usually about maga extreme theists. so what about these protesters who are making jewish finish. >> i've been very, very clear. >> -- are they ec peoplists -- extremistsesome. >> identify been very, very clear, we are calling out any form of hate. stuart: not that clear, actually, kjp. she will not call out the pro-hamas sentiments. senator mcconnell calling out house republicans, republican congressman byron donalds will join us. i'll ask him, he's next. ♪ ♪

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♪ ♪ stuart: the administration if wants to push through a $106 billion aid package for ukraine and israel. chad pergram on capitol hill. chad, the new speaker, mike johnson's, already upset some democrats. what is he doing? >> reporter: johnson is pushing his own israel-only bill. this comes as antony blinken and lloyd austin try to sell lawmakers on combining aid into one package. there's word ukraine might not get aid if they split up the spending. >> we need money for israel, we need money for ukraine, and we need to secure our own border. and and we need to help taiwan counter china. at the end of the day, all of those things have to be done for me, not some of them, but all of them. hamas said putin was their best friend today. if you don't think these things are connected, you're not listening. >> reporter: there's

resistance among house republicans from funding ukraine at all. house speaker johnson intends to advance a bill which only helps israel. that package would cost $14 billion, and it's not new money. the sweetener is reprogramming dollars targeted for the irs and sending it to israel instead. >> i think if you put this to the american people and they weigh the two needs, i think they're going to say standing with israel and protecting the innocent over there is in our national interest and is a more immediate need than irs agents. >> reporter: but democrats abhor that idea. senate finance committee chairman ron ron wyden says the irs uses that money to cut down on fraud, including going after terrorist groups like hamas. most democrat disapprove the gambit by johnson. >> speaker johnson's top priority as speaker is to provide aid to israel and cut revenue to the federal government. doesn't sound like a great deal to me. >> reporter: there's a rift among republicans over ukraine. senate minority leader mitch

mcconnell advocated for ukraine aid yesterday in louisville with ukrainian ambassador to the u.s. o.k. son that markarova is. there's also a question about corruption in ukraine. stuart? stuart: chad, thank you very much. senate the minority leader mitch mcconnell wants more aid for ukraine, but hold on, take a look at this. according to a recent fox poll, most voters say we should put a time frame on the support we're sending over there. florida congressman byron donalds joins me now. congressman, where do you stand on supporting ukraine? >> stuart, first, it's it's great to be with you. second thing i'll say is supporting ukraine is not something i want to do at this point, but we've got to put that to the side. support for israel is what matters right now. the house republicans, we're going to do that this week, but the only thing we're saying is it's got to be paid for. we are running a $2 trillion deficit this year. we can't continue to play the old games of washington where emergencies are not paid for because you're running a $2

trillion deficit. that's money we've not to borrow, that is money that's going to continue to eliminate the purchasing power of every certain american citizen. we've got to change the way washington works. paying for israeli aid is very simple to do, it will not stop israel from doing what they need to do. and, quite frankly, new irs agents are not going to help us raise revenue. they simply are not. we were raising record revenue before joe biden a allocated $80 billion in new money to the irs. stuart: so you take the money from the irs and give that money to israel. that's how you would to this. no problem at all with that? and that would pass the house? >> oh, it'll pass the house. listen, that is the thing that makes the most sense to do. stuart, you know this, janet yellen is having problems raising more money in capital markets. our new debt obligations are becoming more expensive to the united states. so what should we do do that is the prudent thing to do here at

home while also supporting our ally, israel? you go to some of these nice things that joe biden says he wanted to do, and you have to carve the money out of that to take care of israel's security and support our greatest ally in the region. it's that simple. by the way, there would still be another $65 billion for the irs to the continue to add new agents. stuart: okay. let's turn back to the ukraine for a second. they've already gotten, i believe what i'm told is $115 billion. they want, the president wants another $61 billion for ukraine. is that out of the question? 40 this more for ukraine at all? >> look, i've been very clear about ukraine. we need to secure our southern border. if joe biden wants $60 billion for ukraine, which as i understand it would take care of the ukraine dollars throughout the next year, i think what they want to do is push this past the election, if you do that and you leave america's southern border

unsecured, there are no votes for that in the house of representatives. sure, democrats will vote for that that all day long, but house republicans are commit to securing you are southern border. we cannot have people on the terrorist watch list crossing our southern border. we can't have fentanyl killing 100,000 americans a year through our southern border killing americans. if we're going to spend $60 billion to help the ukrainians defeat the russian military -- and i want the ukrainians to defeat the russian military -- we must take care of business at home. if joe biden truly thinks that he's going to send $60 billion overseas while our southern border is wide open, he's fooling himself. he needs to get to reality and see where we are at this point in time. stuart: congressman byron donalds, thanks for being with us again. always appreciate it, sir. thank you. >> thank you. stuart look at, a new poll out of iowa. let me guess, lauren, donald trump is first, and he's got a big lead. lauren: true, correct, yes. you win. trump leads, 43% among support

among likely republican caucus-goers in august. nikki haley ties with ron desantis who has fallen, they both tie for second, 16% support each. the bottom line is republicans continue to dismiss the severity of donald trump's legal challenges. stuart: okay. you don't think -- you think he's pointing to win in. >> i think that if he loses in iowa, there's a possibility of the momentum changing, is and we've seen this before. but, look, the iowa winner has most often not gone on to win the republican nomination. lauren: yep. ted cruz -- >> santorum, huckabee. it's been a few times. stuart: interesting stuff, isn't it? thank you, david. look at futures, please. we're going to take you to wall street in a moment, but right now red ink for the dow. positive for the s&p, little red ink for the nasdaq. the opening bell is next. ♪ ♪

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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. ♪

at ameriprise financial, our advice is personalized, based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice? i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. stuart: not much price change on wall street, huge rally yesterday, mixed picture this morning. david nicholas with us this morning. okay, we've got a modest rally on wall street, big rally yesterday. what's going on here? because the war is progressing. explain this modest rally. >> yeah, stuart, you're right. there are headwinds and headlines everywhere for this

market, but the technicals are clear. if you just look at last week, the rsi at 28, we had some of the most oversold conditions that we've had for the market in a year. so we were due for a technical bounce, and we got that yesterday, on monday, and this is fed week. if you look at the history, the markets have been pretty calm going into the fed meeting only to generally sell off after jerome powell starts opening his mouth. but we'll see. i think interest rates have done a lot of work for the fed, but i think this is a technical point that we're seeing, and that's all we saw for monday, that's right. stuart: that's all it is, just a technical bounce? >> not short term, yes. stuart: give me the long term. >> again, where are interest rates heading? i've been in the camp that rates are going to be stubborn if not head higher even in the short term, so that do does not bode well for equities. you also have the compare zahn -- comparison trade, right? equities really have to prove themselves and with this

earnings season, it's it's been a very underwhelming understand earnings s&p. stouter stouter how about -- stuart: the how about applesome? >> if i'm buying handle today, i'm paying 30 times earning. why am i buying it? for safety, not for large growth. they're growing revenues about 8%, but when you compare it to nvidia or google, they've been growing revenues by 20% over the it's last 5 and even 0 years, so we're paying a premium for ap. and my concern is if apple can't produce on ipad sales, slowing macbook sales, we've got a strong dollar, that's headwinds for apple, i think investors could take a hit. we could see a very good buying opportunity in the 150 range for apple, and that's where i'd like to pick it up. tooth all right. thanks very much, indeed, david. see you later. five seconds to go, and let's see how we do. press that button, please. there you go. we're off, we're running. right from the get go, the dow

industrials down, what, 30, 40 points. the level? 32,8000. weave not yet opened all of the dow 30. when we do, you will see them. move on to the s&p 500. opening pretty flat, i've got to say, slightly higher, up 4 points on a 4,000 index. how about that? the nasdaq composite also opening down but not -- that's dead flat to slightly lower. got it. do we have the dow 30 open yetsome not yet, but i'll show you big tech in the meantime. they're all up except for apple. they've introduced some new products, heir down -- they're down just as this market opens. will you go. they've opened up all 30 of the dow stocks s and most of them are in the green, heading higherrings as the dow -- higher as the dow heads down 70 points. apple's just unveiled some new products or they're going to. lauren: they did. next generation custom-made processers. it's the m3 line for pcs. they're faster, more powerful,

energy efficient. they're the horsepower needed to develop artificial intelligence applications. that's what you need to know. the second hinge you need to know is they also unveiled new products, new computers. the macbook pro, the imac. they will run on those special new m3 chips, goes on sale next week. ahead of the holidays, mac sales are down sharply. stuart: david is laughing. why? >> you know actual mac sales is a lower percentage of apple's revenue than cookies are at a mcdonald's? stuart: really? >> they sell iphones, that's what apple sells. lauren: can't ignore finish. >> the air pods are there, but the pcs are such a low percentage, they just cannot move the needle. and to the prior guest's point, it's trading at 30 points earning. so talking about a new chip in the pc, i just don't think it can move the needle. stuart: so you don't think much to apple at 168 and heading south finish. >> they need to return more

money to the shower holders -- shareholders. stuart: and you wouldn't touch it with a 10-foot pole -- >> if they return more money to the shareholders, i will. stuart: caterpillar, down 6%. laura: lauren: their order backlog is improving. that implies demand is softening. it is a leading indicator. it is the not a good one. earnings were actually stronger in the quarter because of all these new infrastructure products. the stock is essentially flat, maybe up 1% on the year. they hit an all-time high back in august, but it's basically been down since then. stuart: 17% up on the year -- lauren: up 11% on the year -- 1% on the year, down 17% from late summer. >> that drop has been pretty much the whole dow's drop right there. that's almost all of the dow's drop, one company. stuart: down 80 on the dow. >> by the way, we like caterpillar, but we chose not to get in because of the valuation. we don't own it. stuart: jetblue.

>> they called the air traffic control and the weather events to over the summer staggering. revenue fell over 8% in the last quarter, and they expect it to fall in the holiday quarter. i thought everybody was flying everywhere. not the case. overseas, still strong the, but jetblue is saying they're actually cutting back on their off-peak flights. demand is just not there. stuart: down 11% at $3. good hens. why are you -- good heavens? >> they should see how their passengers felt. [laughter] stuart: you've got it on you -- lauren: -- about mcdonald's cookies. stuart: show me pfizer, please, down 1.5%. lauren: the numbers are awful. hay reported a loss from a profit a year ago. major drop in quarterly sales. their covid vaccine sales fell 70%, and their treatment for can covid, paxlovid, down 97%. i'm surprised the stock is only down 1.5%. i think it's because earlier this month they warned that they were going to be cutting their outlook for the year.

things were not good. so investors were warned, hence, you just have -- stuart: covid vaccine's come and gone, i think, to be perfectly honest. that's my opinion. pinterest, they are surging this morning, and i want to know why. lauren: because their sales are surging double digits. monthly active users increased 8%. users are engaging, they say, in a deeper way. remember met a came out,ing -- meta came out, they said advertisers started to pause spending because of the war on israel. pinterest didn't really say that to such an extent. bottom line, they didn't spook anybody in their earnings report when they were talking about advertiser dollars, so the stock is up double digits. stuart: any comment? >> pinterest lost $200 million on the quarter, that's considered good news. [laughter] you have to find companies that make money in this environment is. i'm sorry, you have to. stuart: you've got a lot of sense there, lad. lauren: i'm excited for this next one, bud light. stuart: the parent company is inbev, as you know. they reported earnings.

my question, excuse me, sorry, is the backlash from bud light still hurting the stock? apparently not. lauren: in america, yes. u.s. sales fell 14%. is so the american drinker not returning at all since the dylan mulvaney controversy back in april to bud light. but overall, they make many beers, they're the world's largest brewer, their sales rose. they didn't increase, they didn't cut, they just backed their full-year guidance and announced they're repurchasing $1 billion worth of shares, has why the stock is up. stuart: thank you, lauren. david is with us. i do apologize. you've got the dividend socks that you brought with you, and the first is chevron. >> they had a really tough quarter. they missed expectations in both revenue and earnings, and it caused the stock to drop about 7% friday. so we came in, we've owned this for many, many years, we're with up huge. but we were adding to the stock on friday. we really like this hess deal. they bought hess, and they paid

for it entirely with the stock. they didn't have to use with cash or use debt or lever up the company. the free cash flow is still gigantic, and we really think that investors missed the boat on friday. this was all part of the big picture where chevron and exxon both are, they have huge market share and it's growing. and the biden administration is the gift that keeps on giving to chevron and exxon. their policies hurt smaller companies and help big oil. stuart: dividend payment? >> over 4% and growing every year. stuart: simon property group. more operators s. that accurate? >> they own 272 of the best malls in america. they are at a record level of occupancy, over 95%, a record level of renting being charge ad per square foot, over $56 a foot. over a 7% dividend yield. that always gets stuart varney's attention. stuart: 7% is good. >> and they are executing across the board. really wonderful quarter from simon property. stuart: 7% is safe. >> very safe. stuart: i like it.

okay. if you're not careful, i'll buy that thing. now, here's what's coming up. do you remember when mentalist otis perlman joined the program? >> tell me which one, two, three or four? stuart student doesn't have the danger? two. >> what you have seen, get the kiwi if you want. it's me saving my own hand. happy halloween. stuart: that's extraordinary. welsh he's back again for the halloween, and he's brought a couple of tricks with him. i'll guarantee he amazes you. he's going to be the on the show later. twice, actually. >> biden says hostages must be released, but all this talk about a humanitarian pause sounds like a ceasefire to me if. i'll ask larry kudlow about this. he's on next. ♪

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♪ stuart: a new report reveals the administration's policies on iran have helped pump tens of billions of dollars into that country. william la jeunesse is with us. what exactly does the report say, william? >> it's not that the administration provides any funds directly to iran but, rather, allows it to sell billions of dollars of oil in international markets in violation of u.s. sanctions. so in 2018 the trump administration imposed stiff sanctions on iranian oil and gas exports, warning that anyone doing business with iran cannot do business with the u.s. the following year, iran exported as little as 500,000 barrels of oil a day.

under president biden -- [audio difficulty] allowing iran to sell more and more oil, mostly to china, in violation of u.s. sanctions. >> we found that over the course of the biden administrations their policy changes have enriched iran to the tune of between $50-60 billion. >> reporter: so that's money critics say iran uses to fund terrorism and attacks on u.s. forces. >> is not only my message to the iran, but also to president biden, enforce the sanctions. they are in place for a reason. and yet this administration refuses to interdict the oil that continues to to leave iran. >> reporter: so ernst says she will introduce a bill tomorrow allowing homeland security to seeds iranian oil and enforce sanctions. the biden administration says it does enforce sanctions when possible, but iran hides its exports. critics say it's a choice.

the administration has looked the other way, one, not to escalate tensions with china, to keep gas prices low, and part of their early effort to reengage iran on the nuclear deal, stuart. the biden administration also approved a waiver in july along with iran to sell electricity -- allowing iran to sell electricity to iraq, $10 billion windfall for tehran according to that report. stuart: how convenient, william. good stuff. larry kudlow's with us this morning. straightforward, direct question, larry, if i may. do you think that biden actually wants israel to to destroy hamas? is he willing to the take the heat from the destruction of gaza? >> well, look, yes. my short answer is, yes. my second answer is it's not going to be the up to biden, because as you heard prime minister netanyahu yesterday and you read his op-ed in the "wall street journal" today, israel has no intentions of engaging in

any ceasefire. this idea of a humanitarian pause which the bidens have floated become -- ambiguously is an absolute nonstarter. i mean, i don't think they're going to put the hand can haves on -- handcuffs on israel because they can't, okay? but i think they've been very ambiguous. and i think william's report just prior to is so important. because one of the things the bidens in their, they have not enforced the sanctions. okay? they have appeased iran from day one. and that makes them complicit. actually with, those numbers are even bigger. oil sales to china plus other foreign exchange reserves, that includes drone sales to russia and so forth, you could with running up to $755 or 80 billiof reserves. they had almost nothing when trump left office. he were virtually bankrupt. so the bidens should stop

appeasing iran. the bidens, by the way with, should start defending american military assets. they didn't, lobbing a missile into syria with an unmanned ammo center, i mean, what does that do? they should be ending the command and control system and the training system that iran has set up in iraq. that's another problem. they should stop a ship as joni ernst just said, as i've suggested to joni and other senators, enforce the sanctions, stop a ship. and if they see a false flag, interdict and stop that ship in order to enforce the sanctions. so, you know, they've got a lot of work to do. but will they, will they stop israelsome no, i don't think so. stuart: do you think the war in ukraine and now the war on israel, do you think those two wars would have started if don the trump was the still the president? -- donald trump was still the president? >> i do not. i absolutely do not. as someone who served on the

national, as director of nec, i served on the national security council, i do not believe that. look, again, as william reported before, do you think it's a coincidence? trump took out soleimani, iran's biggest military strongman, the guy who was running all this terrorism in the middle east. trump took hip out, okay? -- him out, okay? what happened? nothing. why didn't anything happen? because iran was broke, that's why. and cementally, trump -- incidentally, trump told the mullahs that he had their phone numbers and their street addresses where they live. so i think he was a strong -- stuart: did he really? >> yes, he it would them that. stuart:9 a direct threat to go after the mullahs. whoa. >> of course. look, of course. you know, trump believed in peace through strength, and sometimes you have to demonstrate strength like taking out a soleimani or a baghdadi or

bombing isis in syria into smithereens and ending that threat. sometimes you have to take an action. what the bidens haven't figured out is appeasement is not an action. that's their problem. they need deterrence. the ultimate problem here is iran. but i think israel will destroy hamas no if matter what biden has to say, no matter what ambiguities, no matter what handcuffs he thinks he's putting on. i think bibi netanyahu made that absolutely 100% clear. and by the way, stu, i invite your attention to a very important article, benny abne in the new york sun today. a lot of the arab countries who signed on to the abraham accords, no matter what they may say publicly in rhetoric, they want to see israel take out hamas. because they don't like hamas, and they don't like head blah -- hezbollah, and they don't like

iran any more than you or i do. stuart: out of time, but it was good stuff, larry, and we'll be watching you this afternoon, 4:00. what have we got coming up here? 9908,000 migrants -- 9908,000 -- 908,000 migrants released in the country for the year. i'll report on that after this. ♪ but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. if your child has diabetes, you'll want the most accurate cgm, dexcom g7. it's on. and, he's off. you can see his glucose numbers right on your phone, so you can always be there for him with dexcom g7. ♪ ♪ this is a special alert. israel is under attack

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that's 1-800-217-3217. ♪ stuart: new york's mayor eric adams is forge ifing ahead with a new encampment in book lin despite safety concerns from residents. madison alworth is at that encampment. how many migrants are going to be the housed there? >> reporter: stuart, 500 families are going on the housed here. that's about 2,000 migrants. but we're also hearing that the migrants that stay here at floyd bennett field, they're going to be given 60-day notices. that's something that we're increasingly seeing the city doing because the population is growing out of control, and they're simply running out of space. of course, new york city is a sanctuary status city, but when you take a look at what they're doing, like i said, increasing number getting those 60-day notices. according to the mayor's office, they have handed out that to

13,5500 migrants. -- 13,500. in theory, that means they should leave new york housing, but the reality is about half of them come back and get extensions. 6,572 asylum seekers have gone back and received a 30-day notice extension. and, again, new york being a sanctuary city, they have to -- they're required to provide housing. but space is running out, so more options are being considered. when asked if the city is considering handing out tents, tents, camping tents to migrants, new york city mayor's office responded by saying, quote, all options are on the table. the mayor's office is also offering one-way flights to any destination of a migrant's choosing, a move that other cities and states have taken that they have previously been critical of. in a statement, the mayor's office says, quote, with no if sign of a decompression strategy in the near future, we have established a reticketing center for migrants. the city will redouble efforts

to purchase tickets for migrants to help them take the next steps in their journeys, and it helps us triage at the roosevelt for new arrivals. but more people continue to pour in, so more shelters open up. that's why we are here today. floyd bennett field is being loaned out by the federal government, it's being run by the city as a shelter and and paid for by new york state. there's been a lot of criticism about this specific location, stu, because we are currently on a runway, runway 19. it's very windy out here, very cold, there's fire concerns and flooding concerns. city says heir just out of options. back to you. stuart: out of options. i understand that. thanks very much. i want to thank david for being with us for the hour. all good stuff. still ahead, "varney & company" celebrating halloween with a visit from a mentalist. you've got to watch this guy. brian kilmeade reacts to what i call a double standard. if people of color were being targeted the way jews are, there'd be riots and people in jail. kamala harris says biden is

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