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tv   Varney Company  FOX Business  October 31, 2023 10:00am-11:00am EDT

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stuart: it is 10:00 eastern on this halloween. the reading because appeared on the left-hand side of the string, doused out hundred, nasdaq down 65 but do remember a very strong rally yesterday, not much of a balanced down after the big rally, the 10 year treasury yield, you are at 486 down a couple basis points. the price of oil and all he $80 per barrel range annoy $80 per barrel range, $82.34, bitcoin holding onto its gains, 34,200, just received the latest report on consumer confidence which could affect the markets. lauren has the number. neil: the number is 102.6, so yes it falls for 3 months in a row but it was a little bit better than expected, we like to look at the expectation index in this report because when it is under 80 that's a sign you're getting recession likely within a year and it is
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still below the level of 80. 75 points. stuart: no obvious impact from the market, not immediately at least. nasdaq is down 73. now this. since russia invaded, the administration has approved $113 billion worth of aid to ukraine and is asking another 60 one billion dollars. where are we going with this? ukrainian counteroffensive started over the summer, does not appear to have push the russians back very much. it' s a stalemate at this point. bottom line is we are paying for this war and the longer it goes on the more our supporters question. i want to to see ukraine win. by that i mean push all russian troops out of the areas they occupied since the invasion. that is a win. is that biden's idea of a win? i don't know because the administration has not defined a win. the president seems to be on the fence by slow walking the supply of advanced military
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equipment he has helped ukraine not lose but america is not going to finance a stalemate. there's opposition to another endless war. is real is a different case. is real is clearly responding to a threat to its very existence, it's the victim of unspeakable barbarity. support runs deep and so it should. but the democrat party is split. there's a strong and loud pro-hamas lobby and the party, restricting biden's ability to go for clear is really when. on the one hand giving full support but calling on the israelis to allow humanitarian pause. the white house would not specifically condemn as extremists students threatening jews on college campuses and the jew haters on the streets of our cities. there should be no ambivalence in the war. failure to win for ukraine means a costly and the stalemate. failure to win for israel is the state ceases to exist. we are left with the nagging question with these wars be happening if biden had shown
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strength and the winning strategy when he first walked into the oval office? second hour of varney just getting started. [ ♪ stuart: did biden's weakness embolden our enemies from the start? >> we are both students of history. we both recognize throughout history anything that shows weakness like an appeasement strategy or any weakness invites aggression. don't take our word for it, talk to the military, people who've gone into battle and they say weakness invites aggression. this is part of the problem the united states has with so many in congress that have not gone through military service which when you have gone through. or service and fought in a war as so many representatives did after world war ii, you have a different look at the world, looked through the lens of
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reality, this administration is not looking through the lens of reality and that is why not just the us but the world at large. stuart: peter doocy asked the white house if they would hold the pro-palestine protesters to the same standard as himaga extremists. watch this response. >> this president biden think the anti-israel protesters in this country are extremists? >> we have been very clear about this when it comes to anti-semitism there is no place. >> you don't talk about extremists all the time, it's usually about himajay extremists, so what about the protesters making jewish -- and on college campuses, they extremists? >> i was very very clear, we are calling out any form of hate. stuart: why won't the white house called these pro--- left-hand side of the screen, anti-israel protesters are
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disrupting the blinken hearing on capitol hill. that's what is going on and what you can see. they are resting some people, leading them out. that's happening right now in washington. why won't the white house call out the extremists? >> it's perfectly acceptable to call jim jordan, sitting member of congress, extreme amajay republican. it just shows this administration wants to have it both ways because they know the electoral caucus they are facing. they are either going to lose the liberal jewish block or the liberal radical pro-hamas block. they have to pick one. there's no equivocation here. they are trying to do the equivocation and losing both. this is an easy choice, pick israel and let the other people, they are not going to vote for trump or the republican, they will sit it out. stuart: 'capitol hill, live shots. antony blinken, secretary of state, tested about foreign
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policy, his questioning was interrupted by protesters who are being taken out at arrested in some situations. they are still disrupting the blinken hearings and we will keep you in touch with of that. president biden reportedly ripped into the new york times for their reporting on the war on israel. tell me about that. lauren: this is happening in private to a small group of people and president biden slamming the new york times for running with of the headline, informed by the g -- the gaza health ministry that accused israel of bombing the hospital and killing hundreds of people. the times didn't do their due diligence, didn't verify the information, took the gods the health ministry's where it. israel produced proof, it wasn't us, it was an islamic jihad rocket, it misfired and hit the hospital parking lot. biden was in israel the next day, we saw october 18th, he said 18, he said was the other team meaning not israel.
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but i'm just looking at this update today on the new york times, they say they still cannot answer what actually caused the blast, although it is probable it was not israel. stuart: anything more about this? >> i never give president biden credit on this panel but i think he's much stronger on this than his white house, the people pulling the strings behind the scenes are the ones that are really pushing this pro-hamas anti-israel rhetoric and president biden is an old soul. he's been in politics for a gazillion years, he knows we need to be strong with israel. but he's a weak leader to your earlier point and a puppet in the white house, he is being controlled by the people who are running our it ministration. stuart: he's got a split party, half does not approve of what he stones in israel. thanks very much, check those markets. we got the dow down 80, the nasdaq down 47. i remind you yesterday was a huge rally, not much of a comeback.
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scott shalladd email, a war going on, the markets have rallied. the same question i ask the market guests. the war and rally. >> i will say first we got beat up last week, look how much we lost going into the weekend, there's nervous about what 48 hours can produce, nothing dramatic transpired over the weekend, the market starts to rally. we were down 350 on friday, we are up 550 monday, we go down 100 or 200 a day, back where we were last wednesday. these machinations are going to happen. the market was oversold, it wants to rally back in the middle of a war, there's going to be days it is up but there's a lot of things to worry about and i understand why they don't want to own those stocks going
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to we can. stuart: one of your big themes, i followed the themes that you follow. that consumers, consumer spending is on fumes. does anybody save anything any longer? >> we are trying to come up with a reason why the consumer has been strong, it started with draining the pandemic savings, that's gone, then the credit cards, no longer a trillion intrastate rises making that even worse, they moved into home equity lines of chronic at and when they can't do that because of the rates, they've gone and rated their 401(k)s. they took an emergency loan out of it. i've been confounded by the fact they been able to control but not as much, cfos, costco, kroger have come out saying they are seeing the consumer go down the chain and spending less. they revise their numbers down and that's to groceries, that's
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a warning sign but now, it is down to this. if you are saving out there and trying to buy a house but the mortgage is going to be 8% you get eaten alive by 20% inflation and most of the things you use and eat every day lose there are a lot of folks i think are saying you only live once, i can't take it anymore, i will never be able to buy a house, can't say with inflation rates the way they are, i will just live my life. i think that is where we are with the consumer. stuart: almost a cry of despair. i will live my life, everything is against me and there's a political angle to that, you don't vote for a president who has done that to you. out of time, see you again soon. lauren is back looking at the movers, start with the vf corporation. neil: vans the nike air jordan problem if you ask me or any kid in school. their sales are down and they pulled their annual forecast, offering all these promotions,
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all these discounts to get your kid to purchase a new pair of vans and it is not happening. four brokerages cut their price target. wells fargo says there's no end insight to the struggles. stuart: not a very nice thing to say. bp profits were way down, 4%. >> weakness in their trading business. even current geopolitical tensions in the middle east are not moving the needle much when it comes to the price of oil, at least not yet. maybe on wall street it is. fossil fuels are not sustainable in this political climate in terms of washington policy but the follow-up to that is evs, do they make sense? are they sustainable? stuart: i believe, the bail out of the big three, chewy. >> they are higher because morgan stanley says to purchase them now, the selloff is overdone, stock is up 3.
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5%. stuart: we talked about how workers are worried artificial intelligence might replace them. what if it replaced your boss? report on the world's first ai ceo. more than 100 professors of columbia university are defending students who support hamas. we are all over it. benjamin netanyahu rejected calls for cease-fire. roll tape. >> >> calls for israel to surrender to hamas, to surrender to terrorism. to surrender to barbarism. that will not happen. stuart: question. would a cease-fire be a win for hamas? we will deal with that next. ♪ ♪
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stuart: israeli forces hit another 300 hamas targets in gaza and there have been 25 attacks on american forces in the last two weeks. the latest please. >> reporter: the southern front does remain active. we been watching as individual soldiers are joining tanks, a pcs and bulldozers in gaza move along the strip, our cameras capturing that and video that shows forces operating inside the gaza strip on the eastern and western side. hamas is in control of gaza, engaging israelis in gun battles through the day and it gives you an idea how difficult the conditions are as they pushed deeper into gaza. we have one piece of good news, we learned from israelis that
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they were able to rescue her private in the israeli army. a woman taken on october 7th. she was freed from captivity yesterday, originally taken during the massacre and the israelis said they worked with top intelligence unit and the army to go into gaza and push to that position alternately saving her and reuniting her with her family. they say she's in good condition, was checked out by doctors and paramedics and is now back in israeli territory. this as the israelis continue to strike different hamas leadership inside gaza, the latest target, a commander who directed an attack on community just north of gaza gives you a sense of who they are going after inside the trip and the aim for the israelis is to target the command centers and leadership of hamas as the war continues. stuart: thanks very much indeed.
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let's check the markets, the war not having much impact on the market as we can see. down industrial down 9 points, not much, nasdaq 1024, not much, fractional gain for the s&p and we've got a decision on interest rates coming up tomorrow at -- on wednesday, wednesday afternoon. the market is saying there's no chance of a rate increase tomorrow. that something of a plus for the market and that is what we are seeing. lauren: looking at the s&p that is completely flat but yesterday was its best day since august. the month of october, the third negative source. stuart: that's right. it could be we have three months in a row of major averages down. that's the selloff we have seen. russia append out the training session too. the un agency calling for an immediate cease-fire in israel.
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benjamin netanyahu rejected those calls entirely. watch this. >> i want to make clear his relapse position regarding a cease-fire. just as the united states would not have agreed to assist fire after the bombing of pearl harbor after the terrorist attack of 9/11, israel will not agree to a cessation of hostilities with hamas after the horrific attacks. calls for cease-fire our calls for israel to surrender to hamas, to surrender to terrorism, to surrender to barbarism. that will not happen. stuart: laura bowman joins us, former cia operations officer. would a cease-fire be a win for hamas? >> absolutely. the idea of a cease-fire is insane. no one said after september 11th let's stop fighting al qaeda which hamas is a terrorist organization. make no mistake about it and the protests we are seeing
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across campuses show just how much hamas and the uranian backers and the russians have done influencing our young people. we see it from harvard to the inner city. even at columbia university, my alma mater, we've seen this. i went and looked at the letter faculty wrote supporting these palestinian protesters. they were not palestinian protesters, they are pro-hamas protesters. what i think is really interesting is bush only one faculty member, the school of international and public affairs, the actual experts on campus, signed the letter. lewin tells you a whole lot. i want your analysis of the state of play of the world. at this moment israeli troops are in gaza pushing forward. in the northern part, hezbollah has not really launched a major attack on israel and has been
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repulsed by the israelis themselves and the missiles aimed at israel from yemen for example have been shot down by american forces. are we containing this war? >> we are trying to. the entire international community is trying to but let me say the rational players in the international community are trying to contains this. it feels a bit like the cold war again a source in egypt was telling me, in terms of this is a proxy war between the west, between democracy and iran and russia, between authoritarian countries, lebanon's government is trying to keep things fairly peaceful, they are in a challenging position because hezbollah maintains incredible, they are political party and also a terrorist group but in lebanon they do have some
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political power. as long as the border doesn't get too hot i think we will have a good opportunity to contain the war. it is troubling. i have been -- i have been the recipient of aggression by irani and backed organizations, which these all are. the united states is fighting iran via hezbollah and other terrorist groups in the region. stuart: so far keeping them out. thanks for joining us, appreciate it, see you again soon. is vice president harris the problem of the biden/harris 2,024 ticket? we will have a report on that and get into it. a large increase in jewish americans buying guns for the first time. a manager for that store will join us right after this.
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stuart: what is big tech doing this morning? mostly selling. amazon is up 30 one cents, the only winner on the list,
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microsoft cents, apple is down one dollar, 169, new products revealed today, stock is down 169, meta-barely holding on to $300 a share. let's look at the company the reported early this morning. >> they are weighing that down with a 6% decline, sales growth is slowing and their order backlog is improving, that is a bad thing. it implies demand is softening. of the one the alternative to a. lauren: they say stock is going down $7, they are worried about rising insurance costs that could keep them from profitably, they report earnings next week. stuart: the education company chat gpt. lauren: it keeps eating is there growth, offering new ai features like test with artificial intelligence but investors are not convinced to give them a better grade, stock is down 15% in the quarter, declining revenue, some script and services and a loss.
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stuart: a polish company has promoted a robot to the role of ceo. is that the robot? lauren: her name is micah. the future is here and we will be working with or for a robot. >> my favorite thing to do is hang out with my human friends and watch what comes up in my ai offices. lauren: a research project between hanson robotics and the representation of the company and its values. what work do you do? >> i'm working on the golden city project, the first billion-dollar collection equipped with advanced artificial intelligence and machine learning algorithms. i can swiftly and accurately make data-driven decisions. lauren: that might take a while. there's a delay in the time it takes her to interpret and answer your question but it is not only about speed and
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ability but also sentience. >> we feel strongly that we need to teach ai to care about people, for it to be really safe, really good, humanizing the ai is a very important direction. stuart: if you are working with a robot would you be nice to it? >> absolute the. i don't see any reason not to. >> we should be nice to all things that think. >> robots don't need respect, they are just machines. >> probably not. how do you treat a robot? >> i feel the robot is going to be like taking away my work. >> would you work for a robot? >> no. it is taking jobs away from humans. >> acumen needs to make decisions. >> that would be weird, that might be different. than i would have to be nice. >> i like to work, to be employed and make money so i do what my boss says.
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>> i thought she looked like a mix of paris hilton and mad scientists coming together. she will get better, she will improve, there was a huge delay in the timeline. i asked her question and she answered it, we sped it up in the edit session. otherwise it was literally painful but soon she will be able to hire or fire you so you might as will be nice to her. go ahead. come at me. i see your eyes. stuart: i was intrigued by the person on the street who said they, ai has to be kind and nice. how about teaching the ceo to make a profit. would that be great? lauren: ai is here, we are working to work with or under it or use it in our daily lives and we are teaching it. it raises the question is there a sentience and compassion needed as we become a culture of artificial intelligence? stuart: maybe a hundred years from now when i am long gone. moving on.
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a 90 day pause has been placed on civilian firearm exports. todd pyro will explain. lauren: biden's commerce department says this falls on new export licenses for most civilian firearms and ammunition, to further assess firearm export control of policies to decide if any changes are needed. the white house says it wants to listen the risk of firearms being diverted entities or activities that promote regionalists ability, violate human rights or fuel criminal activities but aid to ukraine and israel is exempted from that pause. stuart: i would like to hear it. eric fletcher is the manager of ammo and guns. are you seeing an increase in jewish americans for the first time? >> absolutely in the proof is in the numbers for first-time buyers. stuart: give me some numbers.
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>> the same time last year, are you should 45 firearm safety certificates, that is required for everyone to have in california to purchase a firearm, 45 of those you should last time in the same timeframe, october, and -- >> for the month of october the numbers now 215. stuart: when jewish folks come in to you what do they say. >> most of them are the opinion they will not be a direct target of some sort of violence, they will do what is necessary to defend themselves and their families. fathers, mothers, aunts, uncles, everybody. stuart: what are they buying?
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>> handguns are the most popular, we are limited to what we can purchase in california thanks to the laws here. with any luck that will change. stuart: how fast can you get a gun in the hands of these new gun owners? >> there's a minimum of the ten day waiting period if the california department of justice doesn't want to review your file further and can take as long as 30 days if they want to. stuart: is there any political interference in who gets a gun and who doesn't? >> absolutely. aside from the documentation restrictions that are in place, there's all types of federal requirements and state requirements that make it difficult for anyone to walk in. stuart: you've got 215 applications to purchase a gun just in the month of october and that compares to 45, one year ago.
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>> that is correct. to hit the number a little more, that's just the ones that i have personal issue. there is also two other instructors that can issue as well. stuart: that's really something. we do appreciate it. president biden's goal is by 2035, complete conversion to a carbon free energy sector. can he do it? we will get into that. mentalist perlman is known for his mind blowing tricks. role tape. >> hearts, diamonds, clubs's, spades. did anyone see it? i saw it. reflects that one point. what card are you picturing your hand? what was your favorite card? stuart: he is going to be in the studio and perform next.
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stuart: it is, every award-winning mentalist indifferent of this show perlman is back, >> just a little. i'm going to go there, 22 down. saul, what card did you think of the? say it? three of diamonds. hold on, hold on. what did you think of? a goldfish. seriously? i got you.
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look at your hands. [applause] stuart: now, that is actually sensational. what else have you been up to? >> 1/4 kid at home. happy halloween. i have been running marathons and all from marathons and performing shows all over the world. stuart: what have you got for us today? >> you have your phone and right before we came on, this was moments ago, get your phone out and how many contexts are in the phone? stuart: probably 50. i don't know many people. >> stuart varney knows everybody. grab your phone. look in their.
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i like when there is spontaneity involved, looking at the list and looked at different people and made judgments and picked one at random. stuart: that is where it took me. now, 50/50, it is a female. how did i know? very clear-cut, how do i do what i do. todd, without using your fingers, count the number of letters in her first name just to your self. took a while. took a while. that wasn't quick. took him a beat and especially when letters repeat, that throws, i was watching his eyes, they were doing of that. 7 letters, isn't it? you got to tell them one moment before walked onto this, get your phone and scroll through
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and look at it, put it down please. do not want anyone to think we cannot see it. you didn't say it or anything, mix up the letters in the first name and grab one. think of a g. is that her name? stuart: it is. that is incredible. >> you are about to see the last thing. stuart: how did you know that? that is my granddaughter. >> stay away from your granddaughter. it is halloween. you talk about kids. think about this. i want you to visualize this, to do this properly people ask are you reading my mind? i can't read minds. i read people. are you suggesting things? are you planting thoughts? before you walked in, any of this?
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>> have you seen this on college game day? that was me. that shows how horrible. >> close your eyes, don't open them yet. you walk into a store, it is the super bowl for candy. large sales meetings, the biggest day of sales ever. don't open your eyes, i want you to imagine you are at a store, and i want you to imagine the you see candy all over. you randomly pick anyone off and you are about to, i don't think so. put it back down and different colors, one as bright as the sun, pick it up. it slips and not going to take that one either. no way i can know what those are. you pick one up, put it in the counter and you purchase that one.
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don't open your eyes, you just bought it, put it in your pocket. which when did you end up buying? say it. >> skittles. >> skittles? hold on. bright as the sun. hold on. let me ask you a question. we are on live national tv. i told you to pick any candy you choose, you change your mind not once, not twice, and hold your hands out for me. you have got what? i am walking off set. he's a demon. stuart: how the devil did you do that? >> how did you know if that was the first one i picked too? i'm unhooked here. that was the first one. if you know what the second one is, i will be absolutely dumbfounded because this was the first one. lauren: i am getting nervous.
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>> we are on varney so we are talking stocks. if i pick a random company for today, you thought of one and just change your mind again. no way you can know this. stuart: we do have a timeframe. you're going to come back later on the show and perform even more and my granddaughter is not watching unfortunately. here's what we have coming up as well. professors at the university of california want the school to stop condemning hamas. there seems to be a double standard of anti-semitism. if people of color were targeted the way jewish people are now, there would be arrests. people would be in jail. brian kilmeade next. our job is to help people feel safe. not only our customers but those who matter most to them. just like our company does for us. we have great benefits from principal. so i know i'm taken care of. and (pause) not just me.
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stuart: we are recovering from ours perlman's performance. nasdaq is down 18. s&p is up 2. not much movement. look at gasoline. a gallon of regular coming down $3.47. keeps on coming down. diesel no change, 446. i don't know if there's exceptions to that. one exception is amazon which
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is up. 10:51. kilmeade time. brian, the administration says it will meet with jewish leaders and universities to discuss the rise in anti-semitism. watch this. >> this week, senior administration officials are meeting with jewish leaders at universities to discuss the threat of anti-semitism on campuses and what the administration is doing to act in the coming days and weeks, the administer ration will continue to work to combat anti-semitism and all hate fueled violence in schools and college campuses. a when i see a double standard. of people of color were being targeted this way the way jews are being targeted there would be riots and people would be in jail. it is a double standard. brian: remember how the press secretary refused to answer the question about anti-semitism and says i misheard it. the next day tried to walk it back. when peter doocy asked yesterday about it, she again
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soft peddling it. anti-semitism is a problem and we will address it. never admitting this is a 5 alarm fire. your people are not saying i'm against you but i want to kill you. i want to slit your throat. professors saying i feel exhilarated after october 7th. no demand among the schools to disseminate tween the plight of the palestinian people and hamas. don't tell me you're pro-hamas. if you see a sign or head band or flag that is hamas, that ends today. that's not being tolerant. that's professing to support a terrorist organization whose main goal as written in their constitution is to wipe out a class of people. that's not okay. we see 100 columbia professors signing a letter defending the rights of people to demonstrate for the palestinians, that have some of the most hateful chance you can have as we watched a
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professor two weeks ago say the president of colombia won't say a word about anti-semitism on campus, so this is out of control. this is a huge problem. blue when you have to bear in mind free-speech. do students have the freedom to speak about their intense antipathy to jewish people in israel? brian: i don't think hate speech on a college campus promotes a positive atmosphere on a college campus. if a bunch of jewish american started chanting anti-christian, anti-muslim chance, that would be shut down in 1/10 of a second. stuart: the double standard. brian: it is huge. the crazy thing, the biggest benefactors of these institutions are big givers,
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the university of pennsylvania, five big ones. columbia lost a big one. they will lose it because they are horrified by this and look around at the democratic party and say 52% are not even pro israel and the next generation is against israel. wants to defund israel and their causes and anybody who invests in israel. is not a subtle issue. the republican party stands firmly with israel, not hating palestinians but despising hamas. stuart: exactly right. the democrat party is divided, putting a restriction on the freedom of action policy. i am sorry it is short but running out of time. it was great. some professors in california say condemning hamas as terrorism makes pro-palestinian students feel unsafe. interesting switch. >> ethnic studies professors demand the university of
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california stop referring to hamas's attack on israeli civilians as terrorism equipment we call on the administrative leadership to retract charges of terrorism to uplift the palestinian freedom struggle and stand against war crimes against an ethnic cleansing and genocide of the palestinian people. a statement from the ethnic city council reads in part. let's not forget about it. they posted a similar thing on the website last week. ethnic studies professors, it goes beyond and that is why we see in say numbers of college students who are pro-hamas, they think they are pro-palestine but they are pro-hamas. lauren: i lauren: thanks for being with us. >> thank you. stuart: how big of an issue kamala harris is for president biden's reelection. alicia finley says a bailout is coming pretty electric vehicle industry. and we have another spectacular
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performance from oz perlman. i see disturbed people running the strike. it is a sad sight but donald trump has a plan to bring back mental institutions where people can be committed involuntarily. that's quite a plan. it is "my take" next. (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia.
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