Skip to main content

tv   Cavuto Coast to Coast  FOX Business  November 2, 2023 12:00pm-1:00pm EDT

12:00 pm
i like it. stuart: kind of smooth. which country is known as the land of the thousand lakes, finland, canada, russia, brazil? you are always first. ashley: you are about it not being brazil, i will go with finland. stuart: i think it is finland. there are more than 180,000 lakes in finland, more than 10% of the total area is covered by water so now you know. friday, don't forget to send in your friday feedback, you can email questions and critiques, varneyviewers@fox.com. quick check of the market. this is a rally, dollars up
12:01 pm
370, nasdaq is up solid, treasury yields all the way down. coast-to-coast starts now. adam: a monster rally, there is a connection, that's the story again, as we've seen through this 1-month war, the middle east might be a powder keg but markets are far from blowing up. lowering interest rates help them, particularly a 10 year. we could go in and out of 5%, closer to 4.6%. maybe from later today, we don't know, this much we do. there are promising diplomatic efforts in the middle east and hundreds of palestinians and foreign nationals allowed to leave gaza. we are a long way from ending this war but for investors we
12:02 pm
are a long way. at least not investors, not yet. welcome, it is amazing how much more of the enormous stock market rally and what is going on, now the latest on capitol hill, funding is real to get through this war and what might not be going on. >> reporter: house republicans have momentum. they passed the first procedural vote for the israel aid package. the vote on the rule, past with 213 yays. the actual voters later this afternoon in a couple hours. it is unclear how many conservatives speaker mike johnson might lose on that vote. he is still talking to marjorie taylor greene and thomas massey who are just a big hard no on funding of any foreign war. he could only lose four if
12:03 pm
everyone is in attendance. democrats in the meantime are slamming this bill and it is paid for, something that is unprecedented when it comes to emergency aid. on top of that the congressional budget office came out with a plan that cuts 26 billion in revenue, adds 12 billion to the deficit over the next decade. >> rec medicaid no vote, it's bad precedent to set, it costs resources but we never conditioned emergency aid like we've done under speaker johnson this week. >> reporter: speaker johnson pushing back on that. >> for political purposes, attached it, trying to get to fiscal responsibility and that
12:04 pm
was the easiest, to pay for this amalgamation. >> putting the senate in a jam and lit mitch mcconnell in a bind, mcconnell wants ukraine 8 added to this package, facing a pretty divided conference on that. chuck schumer could just rip the irs portion out of this and send it to the house but we are not there yet, we've got to get to the first hurdle first, it happens at 4:30 this afternoon. adam: congressman bob good of the budget committee, a key player on so many committees. great to have you? >> appreciate the democrats saying we've never done this, offsetting supplemental laid, we do a lot of things we've never done before, this is a new testament, turning the page and become the party of fiscal
12:05 pm
responsibility. everything we vote on to spend that we consider discretionary is borrowed. all of it is borrowed. everything should look through the lens that this is the greatest fiscal crisis the country ever faced, we never had this debt to gdp especially going into it. if we fund a major war like we did with world war ii, how could we do it when we've got nearly $34 trillion, on track for $37 trillion by the end of the president's first and hopefully only term. we have to be the party of fiscal response ability even not borrowing $14 billion to fund the resources needed for our friend in israel who all of us support that but we got to offset it, let's cut subsidies, there's a lot of low hanging fruit.
12:06 pm
larry: the the president wants this one hundred $6 billion package that would cover israel and ukraine, the money would, by your definition, the israeli package you are looking on, adding the deficit in years to come, that's a litmus test and can't find corresponding cuts elsewhere does that mean countries like is real under duress, they are not going to get it? >> we don't have the money. should we borrow from our kids and grandkids, the cbo score, they are saying we anticipate $80 billion for the irs will increase revenue through intimidation to collect more money. $14 billion with cuts, so we don't increase national debt or worse and our fiscal situation to support our friend israel. most of the other spending that
12:07 pm
i don't agree with, for that to even be considered it off to be offset, voted in standalone measures where we package things and try to take hostage support for israel by having us choke down $90 billion that has nothing to do with israel and some would get to hamas. adam: maybe some of it does reach hamas, how do you make sure it doesn't? >> we need israel standalone, and send humanitarian aid into gaza until israel does what israel needs to do to eliminate the threat. we have a clear strategy for israel, to will donate the hamas terrorist threat and make sure it doesn't happen again and support is real in doing that before sending aid into gaza that might be managed by hamas. neil: the speaker has to keep a
12:08 pm
disparate membership together. he was voted unanimously by you and your fellow republicans. can he maintained that? >> he's a servant leader, not a big ego guy, this is something he has sought all his life, encouraged by others to run. is an honest broker, a conservative who reflects the base of the republican party, the conservative sector, he passed two spending bills in a week as speaker and it took us 9 months so he doubled what we did in the previous 9 months, that is why we have a new speaker. neil: good seeing you again. the gaza, crossing into the
12:09 pm
egypt cord or if you will to get nationals out including a number of americans. >> reporter: the edges of the gaza strip, and and the border with egypt while 400 passport holders were supposed to have gotten out today. americans are included in their ranks, british nationals are not on the list, people who are supposed to get out. what i know from some of the people on the palestinian side, not everyone has gotten out on the egypt inside so people on pins and needles with 80 people, 60 people sick and injured were supposed to get out in ambulances. some people who knew they were making their way to freedom on the egyptian side of the border said it was bittersweet because they knew they were leaving people behind in a perilous situation. >> the war escalated so fast, a
12:10 pm
lot of people dying, under the rebels of buildings, this is my fifth attempt to leave. we evacuated 19 days ago. i don't know if i will ever see the family are left behind or friends i left behind. >> prime minister netanyahu said israeli forces are at the gates of gaza. we know they are surrounding gaza city from three sides, they moved in through hamas defenses in the north, it is very dangerous, very urban in which hamas fighters are popping out of tunnels dug underneath residences and hospitals. the israelis are paying a price, 18 israeli soldiers have been killed since the ground operation expanded. neil: we go to general jack
12:11 pm
keane, we are learning -- to get through this passageway, others have said there's a pause and all hostilities, you're familiar with the un saying it has gone too far, others saying israel is over responding. what do you make of this? >> a couple things. it seems safe passage for foreign nationals and americans appears to be in process. a lot of deliberation to get to this point. seems to be working, it could come to a halt at any moment. i don't see any reason why we would ask the israelis to go to a cease-fire by another name, humanitarian pause, look at the
12:12 pm
israelis, they waited three weeks before they began ground operations. why did they do that? to get as much population out of the north and move to the south to commit humanitarian trucks to come into gaza to prevent assistance to the people. they've begun operations in the northern part of the gaza strip. the evacuation has taken place in the most southern part of it, two separate locations entirely. they've taken down 100 tunnels. this is a complex battle that has taken place. israelis credit to go slow and gradual, they minimized the scale of the operation, something that surprised most of us looking at this for a couple reasons. they want to minimize casualties, that's why they are moving slowly and deliberately and minimize civilian casualties and 3 camera they want to get hostages out as
12:13 pm
well. they played into the tactics they've selected and to tell him to stop while they are in the middle of this battle in tunnels and in urban centers makes no sense, puts soldiers at risk. i think the israelis have shut thrown extraordinary patience, to do as much as they can get civilians and i would be stunned if the biden administration declares we want to cease-fire and ask israelis to stop the fighting. i cannot believe we would come to that as a policy. neil: just a pause. the israelis hearing some not
12:14 pm
so favorable news, and the virginia congressman, it goes all the way to the speaker, not a fan of sending aid to israel unless it is paid for. therein lies the rub. the latest plan is not paid for. it would add to the deficit according to the ceo. does that concern you? >> support for israel and congress is overwhelming. they argue about how they are going to do it for sure, the senate has a view that should be tied to a to ukraine, tied to the border. the speaker has another view that should be separate but at the end of the day, israel is going to get its support, this is our number one ally. neil: according to cbo, adding to the deficit, the new
12:15 pm
speaker, i am wondering, that was thought to be a slamdunk, it might well be but it has proven a herculean effort. >> this is the congress of the united states. we've been looking at this for years, nothing gets done all that quickly. the senate, i've been talking to senators about it and they tell me the speaker's bill is not going anyplace in the senate if it is passed. it is funding israel by itself. there will be negotiations between the house and the senate that will play out for a number of days before there's final passage of the bill. i'm convinced of that. jack: q very much. general jack keane on those developers you might be noticing, an enormous run up in the dow, 360 one points, spilling over the s&p and look
12:16 pm
at the nasdaq, benefiting lower interest rates, not so much central banks have been saying, the bank of england adding to the central bank and federal reserve by saying it might not happen. market rates tumbling, 10 year note closer, 4.6%, last week at this time this thing was in and out of 5. that was a huge development, we are following the drop in yield, run up in price and impact on the markets.
12:17 pm
(vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned. this is spring semester at over 13,000 us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack on a chromebook. which is why thousands of schools like the fairfield-suisun unified school district switched to google tools for education. so they can focus on teaching and 22,000 students can focus on learning, knowing that their data is secure. ( ♪ ) las vegas grand prix
12:18 pm
choose t-mobile for business for 5g solutions. because t-mobile is helping power operations and experiences for hundreds of thousands of fans with reliable 5g connectivity. now's the time to accelerate your business.
12:19 pm
so... i know you and george were struggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made us feel completely comfortable in our home. and, yes, it's affordable. i wish we would have looked into it sooner. think i might look into one myself.
12:20 pm
stay in the home and life you've built for years to come. call... to receive $1,500 off your kohler® walk-in bath. and take advantage of our low monthly payment financing. neil: rates fall and stocks rise. that the reality. at 10 year yield coming down touching 4. 6% area. we have been at 5% of this. tim anderson on the floor of the stock exchange, what do you make of this? >> reporter: the financial markets got positive news from the productivity report and i have to mention because it is a quarterly report, not a monthly report, it usually gets
12:21 pm
underreported by most people in the financial media. not only did it come in at 4.7% quarter over quarter, really supporting the strong gdp report from a couple of weeks ago but inside that report, unit labor costs dropped 0. 8%. that fits very timely with the rising feeling that inflation pressures are starting to ease, and if we get any collaboration of this from two for rounds of other inflation reports before the next fed meeting in early december, it will really give the feds some ammo at the december meeting and likely even at the first meeting in 2024.
12:22 pm
neil: that's what the market sees, that if we see a high, it's always off and there might be more done. what is your sense of what his our strategy is, and are the markets doing his bidding and providing cover? >> markets are helping, but one thing he says that is constructive, looking at the inflation of target in 2,024. he's expecting if things go the way they project, we will get to that, maybe in late 2025, that means if we are not at that level of 2% which they say is the target they might come offer that. they are not going to panic and say we need to hike rates
12:23 pm
another 50 basis points. they are looking at that in the next two years. that gave the market a sense that they are going to be very patient in attaining that level. neil: are you surprised, through this month-long war, israel against hamas that it has not had an impact on markets, it's something that we are watching, there's a fear that it could explode, the yom kippur war, that looks unlikely. what do you make of the market? >> reporter: a week and 1/2 ago the concern was that this was going to expand rapidly geographically. now we are four or five days into the is really ground effort in gaza and it hasn't
12:24 pm
expanded up north with hezbollah on the lebanon border or any other flash points. there's been some activity in the west bank, but we haven't had a geographical add on to what is going on with the israelis in gaza and the market is taking really from that and seems to be going very well for israel. they seem to be making progress but very slowly. slowly might be good right now. neil: always learning a lot from you. on the floor of the stock exchange. elvis is in the studio. talking about apple, what are we expecting after the bell? susan: make or break type earnings report later tonight. the market goes up.
12:25 pm
if it doesn't do well. neil: great barometer on the overall economy. susan: what does that mean for the broader economy. staring down the fourth straight quarter of falling sales, the longest losing streak, the bar is set pretty low for apple and any company to beat, revenue is only forecast to fall around one%. apple might escape that losing streak, profits should go up from last year. in the summertime i should note, is in the most important quarter for apple. it will include one week of the i 15 sales, iphones makeup 45% of apple's business. the 3 main things wall street is watching for tonight, iphone 15, around sales, how's it going so far, to give a few analysts, the iphone 15 isn't
12:26 pm
selling as well in china. there are reports chinese companies told their workers not to use iphones and 1/5 of apple's business, service growth, raising prices, high marching business, apple makes 70% profit margins, and it's a big part of the business so i will be asking all that, artificial intelligence and they i later tonight. the stock on a four day winning streak down 11% the last few months and the catalysts for the decline when guidance was weaker than wall street analysts had anticipated. neil: a push to get rid of tiktok, you heard the latest, they got to band that out right.
12:27 pm
i wonder what the sec commissioner things of that coming up after this. the chase ink business premier card is made for people like sam, who make- everyday products, designed smarter. like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card from chase for business. make more of what's yours. personalized financial advice from ameriprise can do more than help you reach your goals. wow... we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about.
12:28 pm
(adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works.
12:29 pm
12:30 pm
>> announcer: friends of zion needs your urgent gift for israel's war victims. thousands are in desperate need of food and other lifesaving help. gifts of $50, or $100, and more are urgently needed now. please call 1-800-598-4969. we are on the front lines. the need today is critical, so call now or visit foz.org/help and give your best gift.
12:31 pm
neil: and billionaire investor bill lachman to those calling for tiktok to be banned in this country. brendan carr is pursuing the same, the sec commission. great to have you. there's a growing call to band tiktok. it never goes everywhere, i suspect short of a china invasion it won't. what is stalling it? >> the biden administration has been sitting on its hands for years. evidence of tiktok's threat to america's national security is clear. there was a harvard harris poll showing the majority of young people in this country believe that hamas was justified in
12:32 pm
their october 7th terrorist attack on israel, and attack that resulted in horrific acts of butchery. you can't separate the results of that poll from tiktok itself, tiktok is the means where a large portion of young people are getting their news, searching for news and information, lots of reports showing now that on tiktok, anti-israel content is trending in some cases for to one, in some cases 15 to 1. we are seeing one of the two main pillars of tiktok threats. one is surveillance which we have seen, now we are seeing the second component which is influence. neil: i hasten to add that if young people were told on any venue you get sentiment like that in favor of hamas are palestinians, why use that as an excuse, clearly your point
12:33 pm
of view to say they got it because there are other sites, social media, i wonder why focus on tiktok? brendan:it matches a pattern of contact. you see the propaganda arm using tiktok to target us politicians for criticism. we saw a study in the senate looking at this event showed the average tiktok user is more likely to be exposed to pro ccp content than other platforms, disclosure in europe showed that tiktok ads have been served in millions of europeans that are pro ccp from the pro ccp state media. there's lots of studies as well that show censorship on tiktok around tiananmen square, hong kong protests, covid, what we
12:34 pm
see with this information warfare we've seen on tiktok but i guarantee there's a ccp official in beijing that is looking at the results of this influence campaign on hamas and israel and updating their playbook from china and taiwan based on this. neil: you could be right. kids who love this, favors a younger audience, they like the dance videos and the clever ways you can make money off of it and businesses that have been formed off evident numbers in social media sites, why can't those sites take a cue from what tiktok presumably does right versus the politicization. you could make the argument a lot of marbach. brendan:a lot of them through their ownership structure, the
12:35 pm
same types of threat but there is something very unique with tiktok, i can assure you we would never allow a foreign adversary to get control of a means of broadcast communication without passing a national security view that neither tiktok nor the ccp can pass. the ccp does not allow tiktok to operate inside china. the version of tiktok shown to their kids a very different reality, educational material, science experiments here, it's more divisive content, to those ccp, chaos in a weakened america is to their benefit, the window is open and need to take action, we need to act now, requiring divestiture of corporate control backed ccp. neil: how do your colleagues feel about this? >> it is gaining steam, increasing concern about this, congress is taking get up, bipartisan agreement, things take longer than they should to get done but the tide is moving
12:36 pm
in one direction, moving out on tiktok, not as fast as i would like but we will get to the right spot but there needs to be some nudging from congress, the biden administration elevating short-term economic and political considerations above the right thing by tiktok which is america's long-term interests. administration officials have spoken out. we need to get the administration to take the final action. neil: great having you on all of that. before we go to break mortgage rates so high but they did take down a 30 year fixed rate average of 7.76%, that was down from 7. 79. a year ago, 30 year fixed, 6.95%, a year before that, 5. 5%. perspective is everything was the latest on sam bankman-fried looking at jail or could he expand the entire thing? the latest after this.
12:37 pm
you can't buy great conversations or moments that matter, 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. 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.
12:38 pm
for the 336 million of us living here. ♪ the day you get your clearchoice dental implants makes every day... a "let's dig in" day... mm. ...a "chow down" day... a "take a big bite" day... a "perfectly delicious" day... - mm. [ chuckles ] - ...a "love my new teeth" day. because your clearchoice day is the day everything is back on the menu.
12:39 pm
a clearchoice day changes every day. schedule a free consultation. hi, my name is damion clark. and if you have both medicare and medicaid, i have some really encouraging news that you'll definitely want to hear. depending on the plans available in your area, you may be eligible to get extra benefits with a humana medicare advantage dual-eligible special needs plan. all of these plans include a healthy options allowance. a monthly allowance to help pay for eligible groceries, utilities, rent, and over-the-counter items like vitamins, pain relievers, first-aid supplies and more. the healthy options allowance is loaded onto a prepaid card each month. and whatever you don't spend, carries over from each month. other benefits on these plans include free rides to and from your medical appointments. you pay nothing for covered prescriptions, all year long. all plans have dental coverage which
12:40 pm
includes 2 free cleanings a year, fillings, and a yearly exam. they also have vision coverage including vision exams and a yearly allowance towards eyewear such as lenses or contacts. and hearing coverage, which includes routine hearing tests and coverage for hearing aids. you'll also have a $0 copay for the shingles and other routine vaccines at in-network retail pharmacies. plus, your doctor, hospital and pharmacy may already be part of our large humana networks. so, call the number on your screen now to speak with a licensed humana sales agent. wouldn't you love benefits like a monthly allowance to help pay for eligible groceries, utilities, rent and over-the-counter items? so, if you have medicare and medicaid, call the number on your screen now and speak with a licensed humana sales agent. if you're eligible, they can even help enroll you over the phone in a humana medicare advantage dual-eligible special needs plan. so, call now.
12:41 pm
humana. a more human way to healthcare. ashley: adam: a lot of people call the social media or high-tech crypto trial of the century involving sam bankman fried, will likely head to a jury later today. what happens from there, anyone's guess. >> reporter: we are on verdict watch, the judge is reading the jury the jury instructions which sounds boring but a lot of trials are won and lost in how the instructions define the crime. deliberations will start at 2:00 pm after lunch, the last thing in those jurors minds
12:42 pm
will be the prosecution's rebuttal the we heard this morning. the attorney dramatically delivered final remarks looking the jury in the i. spf's good faith defense doesn't work even if he thought he could get customers money back, he took it in the first place, that's fraud. he admitted knowing of a problem back to september yet continued to live to the public through media interview, tweets, two months of fraud still fraud. ended with a powerful moment, spf rated ftx customer funds, billions for money and power, she said he thought he could fool the public, look directly at the jury and said you know better. trial lawyers, that can elicit a strong emotional response from the jury when the prosecution employs that type of language. his fate will rear rest in the hands of the jury. he could spend one hundred 10 years in jail. he could get far less based on
12:43 pm
the verdict, but deliberations are a wildcard. bernie made out took four days, elizabeth holmes took 7 days. i can tell you the judge having them stay until 8:fifteen p.m. tonight, they are getting pizza. maybe we will bring something as soon as we know it. neil: pizza or judge's decision for me, whatever you have, relentless, kelly o'grady on that. let's go to luke lloyd, spring 412 points in response to no action on the part of the federal reserve and since then the bank of england before that you have a worldwide pause of any additional rate hikes. what do you make of that? >> you can either purchase a house you can't afford or a fun lifestyle you can't afford, you can't have both. most is because of interest rates, the cost of borrowing
12:44 pm
has gone up so much. we are in the biggest wealth divide in history. 2,010-2,022, rates were 0%, a lot of people got wealthy quickly in those 10 years. a lot of people made money. a lot of people were not good at saving money. they didn't prepare for bad things happening, financing things at more expensive cost, you are seeing some cracks in the system, that will give more prize. the federal reserve will put the brake on and see where things go because as we head into next year after holiday spending you will see more light on the consumer. stuart: that might show up to your point. it is not showing up at starbucks with high prices people are paying. that does left overall sales, same with mcdonald's doing well in this environment despite higher prices but those prices trend at higher sales.
12:45 pm
what do you make of the strength of the consumer moving into the shopping season. >> we own starbucks. we are happy campers, caffeine is one of the most addictive drugs out there. people are addicted to starbucks. i don't know why but you walk around with the starbucks logo in hand, it's more like a consumer staple than consumer discretionary stocks but i think starbucks is a great gauge for the state of america. the fact that we have turned coffee, was supposed to be discretionary, into a staple, tells you a lot. we as americans like to do what everybody does to show off to people, what kind of car we drive, or apartment we have, even the kind of coffee we drink. it's going to take a lot of bad things to happen before people spend money.
12:46 pm
perception is reality. no matter where the money is coming from, people checking account or credit card debt the reality is people are still spending money. it doesn't matter where it is coming from until it does. you have to pay attention when it does. that reflects earnings. adam: october was the third down month in a row. how do you see this month and the rest of the year sorting out? 's luke:it will be different. everyone brings up seasonality. a bunch of friends wrote books on seasonality. usually the santa claus rally happens. this year will be a lot different. along with caffeine, one of the most addictive drugs is debt. our relationship with the debt as america, whether consumers and governments is different than it was 50 or 60 years ago, the more debt we take out, the less scared of debt we become in the more we take out, every
12:47 pm
recession since the great depression has been shorter lived because government bailouts, and accommodative policy. over the next couple years we've seen more sideways market that is not going to do that much including heading into this year because we put forward so much gains including this year. everything is pretty flat and stock market is up 10%, nasdaq is still up 25%. we put forward so many gains through debt don't think that can last much longer. neil: you always bánh mì out in the end. thank you. >> pizza and starbucks is calling your name. neil: good seeing you. thank you very much and brian brenberg and his buddies on "the big money show" coming up in 15 minutes. brian: you've got big-money move is happening on wall street, rally underway as blue city mayors ask for billions in bailouts to deal with the
12:48 pm
migrant crisis they created in the process. for first more coast-to-coast after this. ♪ ♪(romantic music)♪ (♪) (♪) (♪) (♪)
12:49 pm
(♪)
12:50 pm
.. you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? have we piqued your interest? you can get two unlimited lines for just $30 each a month. there are no term contracts or line activation fees. and you can bring your own device. oh, and all on the most reliable 5g mobile network nationwide. wireless that works for you. it's not just possible.
12:51 pm
12:52 pm
neil: we have all been so focused on what's going on with israel and the expanded war with hezbollah to the north and what happening with all of these rebel groups in syria but is anyone looking at what china is doing? 7 ships near to of taiwan as we speak. season on the notion that maybe we are preoccupied. gordon chang, one of the most are markable people to read china that i know, glad to have you back, author of china is going to war. great to have you. what do you make of what they are doing good. this is provocative behavior that almost a daily occurrence.
12:53 pm
>> not just taiwan but in regard to the philippines in the south china sea, scarborough got very close to war. president biden on october 25th had to speak from the podium at the white house and one china we were prepared to force against beijing to defend the philippines, it's a serious situation where the chinese have been ignoring our warnings, escalating through east asia and we are close to comfort. neil: the same week we learned china is interested in talking about nuclear proliferation. we can score a deal on strength and i am thinking why out of the blue now when we have essential parity on that so why now? >> part of it relates to the
12:54 pm
chinese economy which is in distress, we are seeing all sorts of anecdotal information and underlying statistics which basically suggest that china might be contracting. the debt crisis we can't deal with of, beijing needs the support of the united states and the rest of the world, makes of them dangerous. if they feel they can't control the chinese people, their only response is to lash out. the regime is closing itself off in the world, we have less visibility. neil: more of their ships in the neighborhood around the middle east and the mediterranean on top of what we have with the uss gerald ford, keeping someone of their distance but in the neighborhood.
12:55 pm
>> yes they are and they did this in 2013 at the height of the syrian civil war when they brought their most impressive looking ship at the time into the eastern mediterranean as a warning to the united states and nato not to intervene and doing it again because they've got six vessels in the region and that's their playbook especially because they are working closely with iran and russia so you have an axis that is challenging the united states across the board. neil: we seem to be more focused for the time being on dealing with israel, iran, but i know the russian ties. what about the chinese ties? >> we had that comprehensive partnership agreement. february of this year there were 20 agreements china and
12:56 pm
tehran signed up when the irani and president went to beijing and increased purchases of iran's oil subject to us sanctions, that's giving a critical lifeline. we are seeing north korean weapons in the hands of hamas fighters, chinese weapons in the hands of the houthis who are fighting israel and hamas has chinese weapons which are leftovers from a little while ago but the point is china is supporting the attack on israel across many domains. neil: thank you for putting it in perspective. the dow is up the interest rates continue to slide. israeli troops are not only deployed in gaza but beginning to enter parts of gaza. the effort to get relief and those out continues, we keep you posted after this.
12:57 pm
(vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned. 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.
12:58 pm
for these services. for the 336 million of us living here. ♪ businesses need 5g solutions today. that's why they choose t-mobile for business. las vegas grand prix chose t-mobile to help power operations for one of the world's largest racing events. mlb partners with t-mobile to advance how the game is played. and t-mobile's network helps aaa stay connected nationwide... to get their members back on the road. now's the time to see what america's largest and fastest 5g network can do for your business. rsv is out there. for those 60 years and older protect against rsv with arexvy. arexvy is a vaccine used to prevent lower respiratory disease from rsv in people 60 years and older. arexvy does not protect everyone and is not for those with severe allergic reactions to its ingredients. those with weakened immune systems may have a lower response to the vaccine.
12:59 pm
the most common side effects are injection site pain, fatigue, muscle pain, headache, and joint pain. i chose arexvy. rsv? make it arexvy. the new dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where you're heading, without fingersticks. dexcom g7 is the most accurate cgm. so, you can manage your diabetes with confidence. ♪ ♪
1:00 pm
that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. neil: antony blinken is speaking to reporters after he heads to israel again, second time in almost as many weeks, the president calling for a pause to allow for evacuation to give humanitarian aid access, some interpret that as pressure to go slow if not cease-fire.

72 Views

info Stream Only

Uploaded by TV Archive on