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tv   Varney Company  FOX Business  November 1, 2023 11:00am-12:00pm EDT

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>> the biden-harris policy has been to allow these literally millions of people to come into this country illegally. does it feel like homeland security really has a grip on what's going on in this country? no. and for hem to the continue to tell us that the border is secure, it really does scare me. >> this is the first time we've started to see members of the democratic party forcefully speak out against the squad. these folks are totally irrational. they're sitting here defending the terrorists. >> joe biden's really unpopular. that's the thing the we know. an incumbent president of his own party to be viewed by voters of his own party with such dismissal is unprecedented. >> this is bad for the united states because joe biden is losing his moral voice. he should be out there condemning anti-semitism in the
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most forceful tone and manner every single day. stuart: 11:00 eastern time on the east coast, that is the, of course, and it's wednesday, november 1st. will you look at this, do dow industrials up nearly 200, nasdaq up over 100 points, s&p up 28. pretty good rally, i'd say. big tech the, all of them on the upside. substantially so. look at microsoft go. $7.49 higher. meant that is up $6 concern meta is up $6. apple struggling at $171 a share. where's the 10-year treasury yield? this is the secret behind the rally in the nasdaq. look at that yield go down. that's a big move. you're now at 4.80, down 13 basis points. that is a very big move in the bond market, and the nasdaq people, they love it. interest rates down, stocks up. thousand this. now this. last month, right after the october 7th atrocities in israel, the 100-year-old henry
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kissinger bluntly stated that germany had made a grave mistake admitting millions of people from different cultures, religions and concepts. his words. he was referring to the muslim migrants who marched into europe ten years ago. they now lead the anti-semitic violation and is hatred that is -- violence and hay trade that is wracking the continent. what about here? our southern border is overrun, and we don't know exactly who's here. known terror suspects have gotten in. fbi director christopher wray told the senate this week that the threat of a terror attack against americans has been raised to a whole new level. his words with. who gets the blame if there's an attack here and it's that traced to someone who came across our open border in will biden take any response, or will he go back to the old standby, it's the fault of congress and the republicans. there is a palpable sense of anxiety in america today, a feeling that a chaos is breaking out all over, that things are out of control, that our president doesn't have a firm
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grip on his administration or even his own thinking. and waiting mt. wings is vice president kamala harris. henry kissinger was looking back ten years. when we look am back at the events of the biden presidency, we may welcome to believe we made grave mistakes. ten years from now, we will have to come to terms with what we did today, and it won't be pretty. third hour of "varney" starts right now. ♪ ♪ stuart: martha maccallum with us this morning. martha, i think that we are very absolutely jecial or -- vulnerable in this country at point because we have an open border, and i can't imagine the consequences. if there was an attack here and it was laid to blame from someone who came illegally. >> i think based on what christopher wray said yesterday, he believes that's a very real likelihood, right? i mean, the fbi director doesn't
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use phrases like the threat level is at a whole other level very easily or very frequently. so i think this is a very big, flashing warning sign. and as you point out, there are so many explosions all a around the country. when you look through history, it's easy to imagine looking at what happened on october 7th as the beginning of something. and not as one horrible, horrific event. stuart: right, exactly. the beginning of something. >> and you can sense it all around the globe right now. i mean, look at what's going on in russia with ukraine. when everyone's attention is looking somewhere else, obviously those vacuums are filled by bad actors. vladimir putin has a different situation on his hands right now. while everyone's attention is in the middle east. the president's going to meet with president, and i. i looked back, they met last november, they talked a heck of a lot about climate change and human rights in an environment
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that was very different than the human rights situation that exists right now. in china they've taken israel off of some of their political maps. and they're removing references to october 7th are from social media. so these are all the flashpoints. and you can't get this on tiktok. you can't swipe by it somewhere. you have to dig in. and i think this is a moment when everyone needs to look deeply, which kissinger was doing when he asked those questions about how we got here. stuart: i'm going to the change the subject and take a look at the fox power rankings out morning. donald trump the way out in front. desantis and nikki haley neck and neck in second and third place. do you think they can catch up, or has trump got this thing sewn up? >> i think it benefits the former president that everyone's attention is so absorbed right now in foreign matters, right? this is not where we've been in the past election cycle. and all presidents want to focus on different things. it doesn't matter --
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[laughter] as a president, you have to focus on what's going on. i think it's going to be very tricky for president biden in this environment. and i think there will be people who look at trump's, you know, toughness on these issues, and i think that will benefit him. we're still a year away from the election, just almost exactly a year away, and so much can happen in the meantime. but i think in this moment very tough for these second tier can candidates to get any oxygen. stuart: it's all about iowa, isn't it many. >> iowa's going to be a big marker. iowa is not decisive, but iowa is where you get to sort of say i deserve to still be in this game, and that's a battle between desantis and haley who both have, i think, pulled themselves away from the rest of the crowd. i think you're going to see others crop out soon as well. stuart: martha, thanks for being here. we always appreciate it. >> good to be with you. stuart: let's get back to the markets. you'll like what you're going to see right here. plenty of green still on the
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screen. dow's up 200, nasdaq's up 117. the s&p up 311 points. i'll call -- 31 points. i'll call that a solid rally. mark tepper's with us. okay, mark, you say sell the rip rather than buy the dip. ooh. tell me more. [laughter] >> yeah, stu. so, good to be with you. look, normally buying on pullbacks and selling on rallies, that's a great strategy for traders when you are in an upward-trending market. the issue, stu, is we are thousand in a down trend. technically, the market's not in a correction because we're down only, like, 8.5% from the peak, but all the underlying technicals are very weak. that's all a bearish signal. only 32% of stockses right now are above their 200-day moving average. that's bearish. you've got 80% of stocks in a correction, almost 50% are in a bear market. and, stu, whenever that's the case, at a bare minimum you want
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to stay invested, but you want to be positioned more defensively. the good news is health care, consumer staples, utilities, they're all negative on the year, they're some of the worst performing sectors, so you actually may have an opportunity to buy the dip in those the more defensive sectors while also focusing on selling the rip in the more cyclical sectors. stuart: you know, we obviously know each other quite well and i read your stuff. what's this -- why are you betting on a bud light comeback? [laughter] >> great question. so, look, it's no secret that bud light and anheuser-busch rubbed a lot of people the wrong way with that dylan mulvaney video. they lost focus of their target market. their target market is not the woke market, it's the -- market. they've taken a beet beating. the brand itself has been bunnished. lost -- punished. lost its footing as the number one beer.
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anheuser-busch lost $20 billion in market cap, but i really like what they're doing right now because most woke companies, they double down on wokeness once they get called out for their shenanigans. anheuser-busch immediately fell on the world is, they said, mea culpa, our wrong, and hay went all in on their growth strategy to really get back to the basics. tv advertising's up 50% year-over-year. they're making a huge push if you're watching college football on saturdays, and their ufc deal that they just signed, that's the same deal that the modelo had for the last several years that actually propel modelo into first place. look, i would not count bud light out, i wouldn't count anheuser-busch out. i actually think they've got a pretty good recipe to resuscitate the brand and the stock. stuart: the symbol is bud, b-u-d. all right, tepper, that was a pretty good explanation. next time you're in new york -- [inaudible] okay? [laughter] see you again seen.
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>> -- soon. >> all right, buddy. lauren: they had a really upbeat forecast for their a.i. chips, amd. they're saying they're going to make them, volume with production starts this quarter, and they plan to catch up with nvidia. they want to be the number two to nvidia. so that is optimism by management. stuart: and it's the 7% higher which is a huge move many that stock. okay, match. here we go. lauren: stock closed at a record low, it is down 17%. they account cut their fourth quarter forecast. they say inflation. u.s. customers specifically are avoiding spending on dating and subscriptions to date. stuart: dating is too expensive? lauren: i mean, i haven't been on a date in a while, but i'd imagine in new york city two martinis would cost you, like, $40 and a tip? stuart: a martini is $20 the in new york? lauren: i would imagine. it is, i'm getting confirmation that it is.
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bumble down because everything match is warning ab. down 7% in sympathy. stuart: i must check out the expensive dating sometime. all right, wayfair. a miss, a loss, down? lauren: lost revenue, fewer customers. i know. order deliveries rose by 4%, and management was pretty -- 14%, management was optimistic on the call. they have 22 million active can customers that spend about $538 each. those numbers are down, yet they're delivering more, and wall street decided to like what they heard. stuart: they'll did. i'll never understand this stock, no matter how long i spend in it. thank you, lauren. a student at cornell university has been arrested after he made threats against jewish students. cornell professor bill jacobson wants school to make it safer for the jewish community on campus. he's going to weigh in on all of this in just a moment. fbi director christopher wray warning about the rising terror threat here at home. roll it. >> the cyber targeting of
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american interests and critical infrastructure that we already see conducted by iran and nonstate actors a alike, we can expect to the get worse if the conflict expands. stuart: there's a lot more where that came from, and we'll tell you all about it. 15 israeli soldiers have been killed during a ground invasion in gaza. prime minister netanyahu says it's going to be a long, tough war. mike tobin is in southern israel with the latest. he'll report after this. ♪ ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading.
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now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. stuart: thes israeli defense force has con firmed that 15 of their soldiers have been killed
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while fighting in northern gaza is. mike tobin is in ashkelon, israel. what's the latest, mike? stuart: stuart, off the northern end of the gaza a strip, let me take you to the southern end, the border with egypt, where there are a lot of developments happening today. ambulances showed up on the egyptian side with the promise that they would take the injured and sick palestinians out of the gaza strip, and with that foreign passport holders, some of them were supposed to get out. palestinians now say 110 is people got out with foreign passports. there was a list that was going around through the palestinian population of people who were supposed to be able to get out. americans and british suicides were not on that -- citizens were not on that list. so a lot of people crowded down the rafah crossing hoping there would be a chance they could get out of the gaza strip. it doesn't look optimistic for british and americans right now. a big strange yesterday went into the northern end of the gaza strip, the refugee camp,
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and created that giant crater in the ground. israel says the crater was caused because the airstrike hit a section that had hamas tunnels underneath, and the tunnels collapsed. there were, indeed, civilian casualties. today hamas said some of the hostages, including foreign passport holders, were killed as collateral damage in that strike. israel, an advisor to the prime minister benjamin netanyahu told me today that that is a lie. meantime, i can show you one of the batteries for the iron dome defense system. the iron dome defense system has been so key protecting israel from all of the rocket fire that we see really just about every night, and a general who operates the air defenses in israel told me that it creates a degree of comfort for the soldiers who are going into combat now because they know there are some defenses for their family back at home. and as you mentioned, israel has been paying a price. 15 soldiers now confirmed killed in combat. stuart, back to you.
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stuart: mike tobin, thank you very much. top u.s. leaders warn that putin, as in russia, will be successful if lawmakers cut funding to ukraine. watch this. >> we are much better sustaining our earth now -- effort now, seeing us to success than having to pay a much higher price later finish. >> mr. secretary -- >> if putin is successful, he will not stop at ukraine. and if you are a baltic state, you're thinking, i'm next. and, you know, there's no question in my mind that sooner or later there will be, he will challenge nato and we'll find ourselves in a shooting war. stuart: senator shelley moore cap poe -- shelley moore cap toe joins me now. we don't keep helping ukraine -- >> i believe we continue to fund the military efforts in ukraine. for that are reason, the keg rah
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rahation of putin's army, his power, and the ability for him to claim victory are absolutely in our national security interests. if he were to be successful here, i do believe as secretary austin said, he will not stop. he will go into a nato nation and then we have obligations far beyond what we have right now. so i think we've seen the ukrainians make great progress. we need to keep supporting them, and i intend to do that. stuart: would you like to see the president lay down a clear goal of how do you win this thing? and are we in danger -- i'm sorry to interrupt you, ma'am, i really am. i wouldn't do that. you're a u.s. senator, i don't interrupt -- [laughter] >> i think i interrupted you. stuart: that's allowed, ma'am, believe me. [laughter] there is some concern we're getting into another continual war. do you feel that? >> i do, and i hear that at home. and i share that concern. that's why just yesterday we implored to find out what ises the end game here, what is the strategy that's going to move us
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forward. and, you know, we cannot continue to support their government, their public officials, their fire responders. you know, we have obligations here, we have obligations at our southern borderer that we need to put more emphasis on to top that, and so i think the american people want that from the president. i think he's been unclear. but personally, i think think the fact that putin could win here is enough of a challenge to every american for our future that we need to simply say we are on the right track. ukrainians are standing up and fighting for their own freedom. this is about freedoms and democracies, and we know now, we see what's happening all across the world, how important it is to support those freedom-loving countries and democrats -- democracies. stuart: in the wake of all the global security net, we must not take our eye off securing the southern border. but we always hear this, so many lawmakers saying we must address
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the border, but nothing ever gets done, does it? >> well, yeah. i made that point with secretary blink when i asked him what's our strategy on the southern border, and he starts telling me about how he's negotiating diplomatic issues with, you know, south america and in the hemisphere, and i just blatantly said, it's not working. i even repeated, it's in the working. and he did nod. and so, you know, the acknowledgment needs to be, obviously, the presidential level. but i think that this ask that the president is asking us for, for israel and ukraine who i both support both, has to have not just more money at border, it has to have substantive policy changes, quicker asylum hearings, more stringent parole hearing, more border wall, things that we mow that are effective to deter the -- we know that are effective to deter the over 200 people on the terrorist let's but the over 2 million that have entered this country over the last year. stuart: a wall might if help.
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may i suggest that? >> yes, absolutely. stuart: it would, wouldn't it? >> it would. stuart: thanks for joining us. >> thank you. stuart: coming up, a rabbi who's trained in mixed martial arts teaching the jewish community here in america about guns and self-defense. it's come to this. the rap buy joins us finish -- the rabbi joins us next. ♪
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stuart: the market rally fading just a little. the dow still up 150, nasdaq still up 80-odd points. lauren's got the movers, and i hope you'll start with ford. lauren: the folks over at barclays, they say buy it. they upgrade to overweight. and stock at 9.89, but i guess the bottom is in after the prolonged negotiations. they also like general motors, but ford is seeing more of a gain today. stuart: okay, garmin. lauren: so they make the navigation equipment for your car, even f/x trackers. they -- fitness trackers. they say the auto segment, they
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grew revenue 59%, and fitness grew by 26%. i had no idea they made fitness trackers. stuart: near did i. humana. lauren: like cvs, they're washing of higher -- warning of higher medical costs because there's increased demand for non-urgent medical surgeries. they're expensive. heir down 4%. stuart:s israeli troops are targeting the 300 miles of underground tunnels used by hamas. jennifer griffin joins us now. do we know how the israelis plan to destroy these tunnels? >> reporter: well, i spoke to an expert from west point earlier today, but before with i mention what he told me, the saudi defense minister is currently at the pentagon meeting with secretary austin as we speak, and u.s. central command just logged the 28th attack by iranian proxies on u.s. bases in the middle east since october 17th, the 7th attack since the u.s. carried out a pair of attacks last
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thursday. right now, as you mentioned, the biggest challenge for israeli ground troops are the 300 miles of underground tunnels home to hamas hunter e-killer teams, affectionately referred to the as hamas' metro. the deepest tunnel found by the idf in gaza a so far is 230 feet deep. they found it three years ago. that means it's out of reach of the traditional gbu u-28 or bunker buster bombs in the israeli arsenal which can penetrate 100 feet underground and through 20 feet of concrete. israel attempted to to destroy these tunnels in 2008, in 2014 and in 2021. the idf destroyed of 60 miles of tunnels under gaza during its last incursion. retired major john spencer, an expert in subterranean war fare if at west point, he spent too two tours fighting in iraq. >> you can only get one person down the tunnel at a time.
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really psychologically that can lead soldiers to feel dallas prophobic. -- claustrophobic. you can lose sense of direction, up, down, you can lose sense of time. >> reporter: the tunnels are about 3 feet wide and 6 feet high in most cases. the israeli defense forces have specialized units that train to fight in the tunnels, units like the combat engineering corp., a -- corps, a k-9 unit. they train using robots, drones and special weapons. >> drones that bounce off walls, little remote-controlled cars, dogs that can go underground to the sniff bombs like booby traps, dogs that can attack underground. >> reporter: gps and night vision, however, do not work deep in the tums. tunnels. >> most night vision goggles actually revie on some type of ambient light, moonlight or
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something like that. you can use infrared and thermal, but most standard night vision capability doesn't work underground where there's zero light. >> reporter: egypt has been moan to fill the tunnels near its border with sea water and sewage. the israelis developed a sponge bomb that is described to me as a large plastic bag filled with two chemicals that when you pull the tab and throw it down the sewer entrance to the tunnel the, a hard foam forms, stuart, that seals the tunnel temporarily. the biggest problem, of course, right now is that the hostages are likely being held in the tunnels as human shields. stuart? stuart: jennifer griffin, thank you very much. now this. my next guest is a rabbi trained in mixed martial arts. he's teaching the los angeles jewish community about self-defense and guns. the rabbi is with us. question, sir, is the jewish community coming to you saying we need help here? >> i'm sorry, i could not hear
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the question. stuart: okay. is the jewish community coming to you saying, hey, look, we need help here, we need help with self-defense? they coming to you? >> absolutely. they're coming out in historic numbers for our organization, and it's hundreds of people asking for help. stuart: what exactly do you teach them? physical self-defense with, you know, fists up, or are you teaching them about guns? >> so we're teaching all levels of preparedness from if security theory to the situational awareness, deescalation, up to and including using your hands and sheriff or other tools, firearms, pepper spray, etc. stuart: give me some idea of the number of people that are coming to you in los angeles. >> sure. i can say since sunday we've run two classes and two classroom settings. the classrooms each held about 200 people, and the ranges were age about 16. so all these images are just
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there from this week. stuart: okay. israeli activist emily austin joined our program earlier today. she had to hire a bodyguard after taking a strong stance against hamas. just listen to this, rabbi. roll tape, please. >> i am condemning a terrorist group. and in doing so, the death threats that have accumulated in my messages, now they're actually more violent calls to action. stuart: you've got a body guard. >> i would rather be safe than story because i don't really take these threats personal i, but when someone says i will put a bullet through your brain, you know, again, i'd rather just be safe than sorry. stuart: rabbi, my comment is one of almost disgust. it's come to this. i mean, who would have thought that it would come to this in new york, los angeles or any place else, but it's come to this. last word to you, sir. >> absolutely. we've seen similar here where we've had to send members of our security teams to a number of
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pro-israel advocates. and, again, there's a difference between condemning a terrorist organization and threatening civilians here on the streets here in los angeles, and this is what we're seeing. stuart: rabbi, thank you very much for being with us this morning. we like to have a clear picture of what's happening, and you gave it to us. thank you, rabbi. republicans are once genre newing their calls for a tiktok ban. what's the story? lauren: it's not only a spy device, it is a propaganda tool. so tiktok hides behind its algorithms which determine what their users see. look at that top number. stand with israel, 2.9 billion views at this time. stand with israel, 207 million views. how did they get that? senator blackburn says, ban tiktok. china is pushing pro-hamas content on it. senator gallagher says ban it also, you're just brain warrenning young -- brainwashing young americans which are the
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majority of their users because that's how they get their news. so when you're scrolling through tiktok, it's entertaining, it has so many users, and we're not sure who's behind what the algorithm is informed by. it's the ccp pushing their content, in many cases, into america. stuart: propaganda. thanks, lauren. dhs secretary mayorkas admitted there were more than 600,000 my grant gotaways at the southern border so far this year -- migrant gotaways. watch this. >> how many gotaways can did cbp report in fiscal year 2023? >> i believe, senator, that number is over 600,000. stuart: we'll tell you what else he had to say. a new caravan of more than 5,000 migrants now headed to our southern border from southern mexico. madison alworth has the story after this. ♪ ♪
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stuart: i want to show you the stock market rally, and i want to show you why it is happening. first off, it's holding, kind of. the dow is up 120, had been up 2200. nasdaq's up 77, had been up 100. now here's why. look at the yield on the 10-year treasury. it tumbled this morning all the way down now to 4.79%. that's important. stocks up when those yields go down. secretary mayorkas testified on capitol hill. what did he admit about the border, lauren? >> that the agency know, they know that 600,000 migrants crossed illegally in the past fiscal year based on footprints, surveillance. these were not apprehended. that's what they know about. >> how many gotaways did cbp record in fiscal year 2023? >> i believe, senator, that number is over 600,000. it is a powerful example of a broken immigration system. we are concerned about all
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threats, all hazards across the entire spectrum as i captured in my opening statement, and the safety and security of the american people is our highest priority. lauren: and what about the ones we don't know about? and what about the 900,000 that were released in the past fiscal year in and then to say, well, the border's been open, it's a broken immigration system and it has been broken for decades, look at the numbers under president biden. 6 million illegal migrants have come here. 6 million. and counting. stuart: now listen to this, a new caravan of more than 55,000 migrants is -- 5,000 migrants is headed toward our southern border. madison alworth with us. the leader of the caravan is criticizing biden? on what grounds? >> reporter: it's really shocking. we have the sound. essentially, he's saying he's criticizing biden other his inability to control the crisis, asking where biden's power has gone, and then he accuses latin american countries of intentionally sending migrants to the u.s. border with mexico
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in order to create this crisis. take a listen. >> joe biden has lost the ball, has lost the power in america. where's the american intelligence? don't they know that all the countries are conspiring against the united states to make sure they have this crisis? >> reporter: where's the american intelligence. chilling words. that caravan he leads making its way to the u.s. as you said, we're thinking that it's around 5,000 migrants. part of that caravan, that would be the biggest we've seen since june of 20322. potentially adding to the already historically high numbers crossing that we've recently seen at the u.s. southern border. over 2.4 million interceptions there, fiscal year 2023. and during that same time, lauren mentioned this, over 600,000 gotaways. there is growing concern especially within that gotaway number that there is going to be problems not just at our southern border, but it could leave us vulnerable to terrorist attacks internally. listen. >> is it possible that somebody
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who wants to commit a terrorist attack during a time of elevated threat crossed the southern border into the united states already? >> i couldn't possibly answer that question, peter. all i can do is tell you that we are -- we have remained vigilant to that potential threat. >> reporter: and while that crisis bubbles in the background, we have issues right here in our city. the spillover effect being pelt across the country. chicago, denver, washington, d.c. and boston all struggling. chicago expects to spend more than $300 million by the end of this year. the massachusetts governor said the state was spending $45 a month on migrant services in august and, of course, here in new york mayor adams has said $12 the billion over three fiscal years unless something changes at the southern border. stuart: 12 the billion over 3 years. awful lot of money. madison, thank you very much, indeed. some gop senators just returned from a trip to the border. what do they say?
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is. lauren: this is scary. i mean, we've all fete this -- felt this, but they're saying the u.s. is at risk of a terror attack. >> we have just returned from our southern border. and it is painfully clear that with joe biden's open border policy, our country is really at an increased threat for a terrorist attack. a couple days before we got there, alert border agents were able to seize immigrants carrying with hem ieks, explosive -- ieds, ec explosive devices, really that tailor made for terrorism. he were the side of cannonballs. lauren: aliens of special interest. we know over 6300 have crossed from afghanistan, 1600 from pakistan, 659 from iran. it just takes one of those people or anybody else to be radical ielzed -- radicalized or get really mad when they get here. stuart: the headline, to me, was
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what the senator said about ieds. they've caught them bringing these across the border. lauren: but keep it open and blame the immigration policy. stuart: oh, please. makes you throw up. thank you, lauren. a student at cornell university has been arrested after he allegedly made threats against jewish students on campus. alexis mcadams at cornell, she has the latest after this. ♪ ♪ piring to work at a place where our patients succeed. and where we as therapists do, too. with great benefits from principal, our clinic shows they truly care about us. (♪) >> tech: when you have auto glass damage, trust safelite. my customer really relies on his car's advanced safety system. [alarm] >> instructor: veer right. [ringing] >> instructor: and slow down. >> tech: so when he got a cracked windshield, he turned to safelite. we're the experts at replacing glass and recalibrating your vehicle's camera,
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that's 1-800-217-3217. stuart: okay. we're starting with the markets, i believe, is that correct? yes, we are. because we've got the dow holding on the a gain of 125, the nasdaq, 87 points higher. again, i just want to repeat myself, the reason you're seeing so much of a rally especially in the nasdaq today is the sharp decline in the yield on the 10-year treasury. investors watch this very, very closely, and look at it go down even more. you're now at 4.79%, down 14 basis points. that doesn't sound like much, but in the bond market that is huge. i would suggest that a lot of money is pouring into 10-year treasuries for safety, and that is pushing the price up and the yield down. i think that's what's happening right now. bear in mind that this afternoon around 2:00 eastern time the fed
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chair is going to tell us whether he's raising interest rates or not, and i'm sure he's going to say we're not raising interest rates. that helps too. next case. columbia -- cornell and columbia together receive about $200 million in taxpayer dollars every year, i believe. lauren: from new york. stuart: is that at risk of being pulled? lauren: there's a push by new york politicians to pull that funding. $200 million of our money goes to these institution ises that are hotbeds for anti-semitism right now. the founder of the americans against anti-semitism and a former new york assemblyman said my taxpayer dollars should not be going to universities that promote hate. it has been outrageous, what's going on with anti-semitism on college campuses. you want the universities to do the right thing, cult their funding -- cut their funding. i wish it were that easy. he was a lot of big donors, judo nors, who are also pulling funding. let's see if money talks. stuart: i hope it has some
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impact, for heaven sakes. lauren, thank you very much. a student at cornell university has been arrested for allegedly making -- he made anti-semitic threats against jewish students. william jacobson is a law professor at cornell. he joins me now. professor, how do we counter this wave of anti-semitism in colleges? what do we do about it? >> well, the first hinge you have to do is acknowledge that it's there, which a lot of colleges and universities don't want to the acknowledge. they want to deal with band-aids. they don't want to look at the underlying culture at cornell and elsewhere which demonizes jewish people, separates them from the rest of the student body by racializing the campus. and cornell and others have their eyes closed. how did this student get essentially radicalized at cornell? if there's no indication from what's been released so far about his background that he came to cornell with these thoughts. he learned them at cornell. stuart: an hour ago on this program, our resident theologian told us that he was trying to be
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the provost -- no, he wanted to be the chaplain at an ivy league university. in his interview, the interviewers spent the entire time finding out his position on palestine. this is extraordinary. this was ten years ago, and all they wanted to know about was how do you stand on palestine. he's a preacher, he wanted to be the chaplain. is it like that all over the place? >> it pretty much is. if you are pro-israel, you going to have a very hard time getting hired at any university, certainly any elite university. you see this in academic associations, multiple academic associations have adopted the boycott of israel. you know, american anthropological association just voted to boycott israel. what -- something has gone so fundamentally wrong particularly in the humanities. these groups like american anthropological association are tax-exempt group. heir supposed to be educational groups.
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i believe that they're violating their tax-exempt status. i've asked the irs in the past to look into this, and they refuse to. it may be time for congress to to act. we are subsidizing this outright jew hatred throughout academia which takes place under the guise of being just against israel. but as we see with this student at a cornell, it's not just about israel. stuart: what proportion of professors defend free speech the way you do? >> not very many. they defend their own free speech. that's one of the problems we face on the campus, is that, you know, some speech is protected and other speech is not. and traditionally on campuses, conservative speech, republican speech, any speech that is not left wing has not been protected. and that's the dilemma that we face, that -- universities want to be wide open, free speech zones, i'm all for that. the problem is they highly regulate speech and manipulate speech, and that's the problem.
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stuart: you've appeared on this program several times defending free speech. i take it you still have a job? >> i still do have a job as of this morning. i was able to walk -- log into my computer remotely from work. so, yeah, this is a problem. and i put out a call for the board of trustees of cornell to get involved. they cannot close their eyes to the toxic culture that has taken place at cornell where everything gets focused on race. and the end result is that you have jews being demonized and students being radicalized. stuart: a shocking situation. sir, thank you very much for coming on this program and telling us what it's really like. professor jacobson, come back soon. thank you, sir. difficult transition here from a very serious subject to the trivia question of the day. here we go. [laughter] it is trivial too. how many times do americans check their phones in a day? 88, 110, 144, 171? good choice. i have no idea what the answer is, but we'll give it to you
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humana. a more human way to healthcare. stuart: a very good question, trivial for sure, this is a way of comparing yourself to other people. how often do americans check
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their phones? 88 times, 110 times? what about you? >> hundred 44. stuart: i will go with one hundred 44 times too. the answer is one hundred 44 times. people spend an average of four hours in 25 minutes on their phones each day, that is up 30% from last year. i will break in and say i am on my phone an average of 7 hours and 50 minutes every day. we work on our phones and i can read your emails from here. my writing is so big. stuart: that was cruel. >> do you know how to make your font smaller? stuart: i don't. what should i -- why but i want to do that? lauren: you need to be able to see it. stuart: i'm 74 years old, don't

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