♪ maria: all right, 30 minutes before the opening bell sounds, we've got a rally underway. i want to thank caroline downey, michael lee and cheryl casone. great show, guys. >> i'm watching "the view" today, by the way, kamala harris. i'm curious what's going to the happen there. maria: we'll talk about it tomorrow. [laughter] "varney & company"'s up next. stuart: you're watching "the

view," you're not watching "varney"? i'm shocked. [laughter] good morning, everyone. the southeast takes a double hit. now comes hurricane milton. it's piling disaster on disaster. 150 mile-an-hour winds, a storm surge of 15, maybe 20 the feet on parts of the gulf coast. the mayor of one town in mill tennessee's path says if you don't get out, you'll die. homeowners insurance rising, property taxes rising, fema doesn't have enough money. fox's peters do city asked the white house press secretary why the biden administration is giving lebanon $saw $$157 million, but there's not enough for disaster victims. karine jean-pierre if some thed out. tempers rising. kamala harris failed to answer basic questions about taxes and the border. now he moves on to the very -- she moves on to "the view," late night with stephen colbert and howard stern. a lot of selling on monday if as

interest rates rose. todayings, fairly quite. the dow, s&p and nasdaq all have small gains. the yield on the 10-year treasury staying around 4, actually, 4.04. the 2 2-year slightly below 4%, it's at 3.99. bitcoin, $6 2,000 and change. oil -- i'm sorry, gold, that's to $2665 an ounce, down a mere 70 cents. oil holding around thed mid 700s level, it's at 75.53. gas, $3.18 for regular, up one cent. diesel,, $3.58, up two cents. on the show today, an israel supporter pushed and shoved by pro-hamas demonstrators this new york city. he had his nose bloodied. donald trump pays his respects at a memorial for october 7th victims. kamala harris and first gentleman doug emhoff planted a tree in memorial at their official residence in d.c. he said we must never if forget. we're going to take you to asheville, north carolina, the epicenter of the destruction

from helene. and we'll take you to the path of milton, likely to make landfall on florida's gulf coast in the next 36 hours. tuesday, october the 8th, 2024, "varney & company" is about to begin. ♪ ♪ stuart: let's tart or -- start with the lathes on hurricane milton. it is the currently a category four and is expected to hit the gulf coast of florida tomorrow evening. madison alworth with me. the latest? >> reporter: this continues to develop. tampa bay is bracing for what could be its worst hurricane in 20100 years. milton is -- 1000 years. milton is now a cat four hurricane. we are still expecting winds to hit over 100miles per hour. this storm is headed straight for tampa bay which is still reeling from the impacts of

hurricane helene. i was just in tampa bay this past weekend, homes all over the area were flooded and destroyed. the problem now is that all the debris that was cleared out of those homes, it's sitting on the curb. the state is racing to clear out as much as possible because whatever is left will be picked up by those winds and slammed into homes or carried away by the water, and tampa a bay is going to the see a lot of water. we could be getting 15 feet of storm surge. this last storm was 7 feet. now, my first on-air job, stu, in reporting was in tampa a bay, so i know this area very well. i love it and, more importantly, i love the people there. the mayor of tampa has said if you are in an evacuation zone, you need to get out, otherwise you will die. everyone living there, no one has experienced a storm like this, and i just hope people heed the warning. stuart: i think we understand the extent of this catastrophe as it emerges.

thanks very much, madison. karine jean with pier, basically she stormed out of the press briefing after she was asked about hurricane recovery efforts. watch a this. >> reporter: if he's got money for people in lebanon right now without congress having to to come back, what does it say about a his values if there's not enough money right now for people in north carolina? >> his values? >> reporter: [inaudible] >> no, wait. your whole premise of the question is misinformation -- >> reporter: the president's letter is not misinformation. would you agree? >> no, the way you're asking is misinformation. congress needs to come back is and if do their job and provide extra funding to the disaster relief fund. we're going to continue to urge that. you may not want that, but that's okay. that's what this president wants and the vice president wants. thanks, everybody. stuart: todd piro, she says biden wants congress to authorize more money for fee ma, but he doesn't have to have the congress, does he in couldn't he just give the money that was going to lebanon? >> exactly. and the fact that she realizes

what joe biden and the biden-harris administration is doing in this regard is not right is why she slammed the table. they always say that old expression if you don't have the facts and the law on your side, slam the table because that's your main argument. and that's what we're seeing here. there's something else that's really concerning, stu. she accuses peter doocy of asking his question vis-a-vis misinformation. it's not just the facts on the ground that are misinformation, now it's in questions. they have no argument. the questions peter doocy asked are very legitimate questions just like all the questions regarding the response by the federal government to this tragedy and the anticipation the of another one. there are questions we should all be asking, not storming out like a toddler who's just been reprimanded. stuart: thanks, todd. stay with me, please. >> sure is. stuart: we have the latest fox news power rankings out this morning, fresh out of the box. madison, what do we have? >> so we have that harris is till closer to that 27 the 0

electoral votes, but it is truly anyone's game. so taking a look at the latest here, vice president harris, she still has the edge in this week's forecast. it predicts harris will take home at least 2411 electoral -- 241 electoral college votes to trump's 219. her advantage stays the same as it was in september, but those battleground states stay incredibly important. those six states that you're seeing, they're often won or lost together. so those states and they are 78 votes are enough to give either candidate a victory in november. it is anyone's game. there are nine likely races in the power rankings map. i want to show you those. florida could be one of the most influential when it comes to the likely, because in the last election trump won florida by just 3.4 points, his second closest victory of the cycle. if he can win florida again, that will make that more of a republican stronghold. 1.7 million ballots have been cast in early voting.

is so the game is on. less than a month to go, and it's anyone's game -- stuart: exceptionally close. >> exceptionally close. much closer than it was when biden was in the race. stuart: oh eau, yes, i remember that well. by the way, we now have a new new york times-sienna poll that shows harris with a slim lead over trump. so what does trump these to do to catch up, todd piro in. >> if you broke down this poll, it's based upon this notion that kamala harris is being increasingly viewed as the agent of change. that is not what has been happening up until two weeks ago, let's say, so trump needs to get back on that message, driving home the point, hey, kamala harris and joe biden have been in office for the last almost four years. i'm the agent of change. things were good when i was in office. they had the baton the last four years,, and look what happened. trump needs to hammer that message if home increasingly in the next four weeks.

stop with -- i would almost argue stop with personal stuff because at this point it's all policy. stuart: got it. thank you, todd. check futures, please. the market opens in about 20 the-odd minutes and we're seeing a little bit of green. dow up 600, nasdaq up 72 -- dow up 600. david nicholas with me now about the markets. dave end i want to -- david, i want to talk to the you about surprise news, israel going after iranian nukes and a bad cpi report. those would be two nasty events in the future, if they happen. how do you invest if those two events are, indeed, on the horizon? >> yeah, stuart, those are the big ones, right? when we look at what the market is doing, look at the s&p 500, we just hit all-time highs, and what happened, i think the geopolitical risk in the escalation in iran and israel, we saw some selling pressure yesterday. this is a wait and and see market. you know i'm a big bull on your program, stuart, but i think naturally this is the right time for the market to pause. we want to be buyers on

weakness, but i think it's okay to hold on to some cash right now. if i see, and i hope we don't, i hope it goes well in the middle east, but if the that happens, if israel strikes iran, they hit iran nuclear sites hard, i think we see a 10-15% selloff for markets. if you've got cash to put to work, you can pick up some good companies, but that, to me, is the big risk for the market, stuart. stuart: i know you bought some new stocks last week. first of all, eli lilly. why do you buy it and where do you think it's going? >> yeah, that's right. eli lilly's a name we like, one, fda just gave approval on a dermatitis drug, which is a big deal. again, we're sitting close to the all-time highs for the stock, i can see a good 10% upside for the stock. in this environment if i can get a 01% pop between now and the end of the year, that's pretty good, stuart. tooth study you also bought micron. why? >> yeah, that's right. we're very bullish on semiconductors right now.

if you look from a valuation standpoint, a lot of the time we forget about micron. mu's trading about a third of the valuation of nvidia. >>. i think this stock can pop 50% from here, and i don't say that lightly. i think there's big upside in this name because investors are sleeping on it, and it had a bill selloff, about 20%, from its highs so far this year. stuart: i one last one, amd. advanced micro devices. >> same thing, semiconductor name if. it's a name we had money to worw what? more because of the gaming console sales were down. i think that's a short-term blip as game sales go up, i think you'll see this amd stock continue to the head hider -- higher, so we like semiconductor stocks. stuart: thank you so much for joining us, see you again soon. coming up, "the view"'s ana navarro thinks harris' media blitz can put critics to rest. >> she's doing the late show

with stephen colbert, the howard stern show, you did stephanie ruhle on msnbc, what more do you all want? stuart: okay. is harris really facing tough questions from very friendly venues? marc thiessen takes a rook at that. florida residents still recovering after hurricane helene, our next guest is directly in the path of hurricane milton. the other than of hubbard's marina shares his story next. ♪ ♪ if (♪) (♪) voltaren...

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stuart: plenty of selling on wall street yesterday, dow up 50 this morning, nasdaq up nearly 990. take a look at super micro, 6% higher.

they say they shipped more than 100,000 graphic processing units used in a.i. per kuwait quarter. -- per quarter. millions in florida's gulf coast are bracing for hurricane milton. there are mandatorying evacuation orders. fox weather's a craig herrera joins us. the latest, please, craig. >> reporter: stuart, this storm is gaining in intensity. right now it's a category four hurricane, and you've heard a lot of talk about this being a category five at one point. as it moves north into the yucatan peninsula, it's moving into very warm waters. it doesn't have a lot of wind sheer right now, so it's likely to get back up the category five as we go through this afternoon. as it gets closer to the coast of florida, here's the forecast cone. s it is important to remember that the core cast -- forecast. don't is just where the center of the storm will go. there's the cone itself, and it look like it could make landfall near tamparks if a -- tampa, but

hurricane warnings extend into orlando. why? some of those strong winds are going to cover the entire state of florida and extend up into portions of south carolina. tropical storm force winds there. this storm, as it gets closer to the coast, starts to expand. and while it may not be a category five, maybe a category three, we can't focus on this storm coming down in the number. we have to focus on the storm surge. we were expecting 10-15 foot storm surge for a place like tampa. now, when you think about that, this is the most aggressive forecast for storm surgery for tampa. tampa bay itself is only about 12 the feet deep. storm surge could be higher than the bay is deep. they've drudged some areas for the ships to go through, but overall, the bay itself is 12 feet. so many of these communities just two weeks ago going through hurricane helene, a lot of the debris is off on the sides of the roads from clean-up efforts. all of that could be pushinged all across portions of the interior locations. we're expecting very strong

winds, 10 100-110 miles per hour, and this extends over to the atlantic side as a well. that does mean we're going to have widespread power outages. power outages will be up into the millions, i think, by the time we get into wednesday, thursday and friday. this also a comes with a flash flood threat. we're at a level 4 out of 4 from sarasota, daytona beach, orlando and winter haven. here is where we could seriesly 8 inches of rain, most of the heavy rain on the northern side. some drier air's going to be pulled into the southern side, but we'll watch for flash flooding especially since the ground is so saturated after helene. so it's the not going to the take much to the cause flooding. some of the rain will extend into portions of southern florida where we'll get 1-22 inches of rain here -- 1-2, and the concern also is for tornadoes especially offense the southern side of this storm. and storm surge into south carolina could go 1-3 feet, so let's not forget south carolina.

one important note here, stuart, is this does go out to the open atlantic and not back up into the carolinas where we continue with the recovery efforts as they continue to rebuild after hurricane helene just dropped so much rain in the higher elevations of the southern appalachian mountains. stuart: all right, craig, thank you very much, indeed. joining me now is a resident of madeira beach, florida, just outside clearwater. dylan hubbard is with us. you own a marina. what happened to it, what's insurance going to do for you? >> insurance isn't going to do much, unfortunately. and we've had devastation throughout our region. this area's definitely just been creamed by hurricane helene. there's so much damage, there's so much disaster, and a lot of people have lost everything already. and there's so much debris along our roadways, it looks like a third world country down here. but the good news is the governor has done a great job in the last 24-48 hours really ramping up state law enforcement

and state resources to help clear the debris. just two days ago gulf boulevard was nearly impassable with debris everywhere scattered along the roadways. we've seen fdot, the national forward, multiple state agencies, they're police escorting fleets of dump trucks throughout our city to get out here on the beaches and try to scramble to get this debris up. we are making some has headway, and we definitely have done a great job rebuilding behind helene. we actually had our dock completely destroyed, it took us five days and if a great team and community coming together, rebuilt our docker it looks great. we with started to run trips saturday and sunday just to go ahead and shut down again as hurricane milton incomes. frustrating, to the say the least. stuart: so you've got to shut down now because milton's on the way, all over again, right? >> yes. right now we're under a mandatory evacuation in zones a, b b and c in our county which is very unique.

you don't see that often, so i actually had to use an emergency pass to get out here to my business today. there was police blockades blocking the road, so we are completely shut down, sealed up and in full preparation mode trying to hide boats can ask if do what we can to stave off as much damage as we can in round two here. stuart: all right. gotta ask you, dylan, according to "the new york times,"s fema is facing staffing shortages. have you seen fema workers where you are? are they doing anything for you? >> no, i haven't seen the federal government's assistance one time. our state governor came down here, they've brought trucks, truckloads full of equipment and gear. the state has been super helpful, our local city has been doing the best they can, but as far as federal government assistance, fema, i haven't seen anything personally. there has been rumors of them trying to aalocal residents, but everybody i've talked to has just been telling me they either get nothing, completely denied or very small claims. stuart: we hear you.

dylan hubbard, thanks for joining us this morning, and the best of luck as milton approaches. good man. thank you thanks very much. fema face criticism over a resurfaced video from last year. what's this about? >> yeah, they're facing a lot of criticism. it's all about this webinar that was mosted by fema. panelists discussed changing policy to prioritize equity over helping the greatest number of people. for example, prioritizing helping lgbtq+ community over those who potentially need it most. just take a listen. >> lgbtq ia people and people who have been disadvantaged already are struggling. they already have their own things to deal with, so you add a disaster on top of that, it's just compounding on itself. if. >> the biden administration has been faced with a lot of criticism for their response after helene. this resurfaced webinar is not helping. also last november fema released

a tool kit timed, quote, achieving equitable recovery. a post-disaster guide for local officials and leaders. in it, it pushes leaders to, quote, help rebuild their communities equitably with the needs of other populations in mind. this not helping considering they're saying help those that are minorities more so than those that need it. fema has said to fox news that a there's been a lot of misinformation, and it's hurting their efforts. stuart: okay. we understand that. thanks very much, madison. check futures real fast now. green on the screen, up 60 for the if dow, 95 higher on the nasdaq. the opening bell is next. ♪ any way you want it, that's the way you need it. ♪ any way you want it. ♪ if i said, any way you want it, that's the way you need it. ♪ any way you want it ♪

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sandstorm gold royalties is a publicly traded company offering a diversified portfolio of mining royalties in one simple investment. learn more about a brighter way to invest in gold at sandstormgold.com. patients who have sensitive teeth but also want whiter teeth, they have to make a choice- one versus the other. new sensodyne clinical white, it provides 2 shades whiter teeth as well as providing 24/7 sensitivity protection. patients are going to love to see sensodyne on the shelf. stuart: on the futures, we're looking at a little bit of green. nasdaq close to 00 -- 100 points higher. jacob -- is with me. he says small caps are super interesting. okay, so what's the best way to get into small caps? >> s&p 60000 because the constituents are profitable unlike the russell 2000. the 600 is still below 1400,

it's having a hard time breaking above that level. they're still really cheap, it's like 112 or is 13 times forward earnings. if you have a fed that's going to cut rate, even if it doesn't, you still have rates below peaks, plenty of juice for a good economy in 205. it may take some time for small caps to work out consistently on sort of a month to the month basis, but if you enter small caps at 12 or 13 times earnings, over time if you buy some quality names, they're going to buy nicely. stuart: got it, okay. you've also got a couple of individual stocks. i'm intrigued at domino's. is there something great about pizza these days? >> not really, and domino's pizza, in my opinion, doesn't taste so great, but the stock does. [laughter] the category's losing steam because for the moment the consumer's slowing down. we talked about rates coming down a little bit, so that'll help. but domino's has been consistently doing same-store

sales in terms of growth better than peers like a papa if john's and -- stuart: how do they do it? >> by delivering the piece is saw the right way, digital capabilities -- the pizza. they manage, they sort of from a top down within the company they're able to get the store employees to deliver things really quickly, and it's been a brand favorite for consumers. and guess what and? that drives operating margins, and they're able to grow earnings per share double digits. stuart: you also like adobe. tell me why. >> because it's going to grow double digits earn earnings per share, that's why. rah. [laughter] stuart: keep it simpling, david. where's it go? >> in two years, close to 6000. stuart: i'll take that. david, thank you very much, indeed. let's see now, the opening bell about to be rung on wall street. literally two seconds away. press the button, away we go. the market is now open. the dow's opened with a gain of over 1000 points, up 111,16.

42,000 and change, that's your level. if you look at the dow 30, there's a majority in the green. there is sol buying this mornins morning. s&p 500, also on the upside but only just. we've got a gain there -- well, in the bad, .45%, 25 the points higher. that's the s&p 500. if the nasdaq compos if sit on the upside -- composite on the upside, now over 18,000 again. look at big tech, please. mostly in the green. all in the green. apple, amazon, alphabet, meta, microsoft -- microsoft just dropped 14 cents. all the a rest of them on the upside. nvidia has just crossed a big milestone, taylor, what milestone? >> they're overtaking microsoft as the world's second most valuable company. and this is a horse race that they go back and forth with, right? usually it's the microsoft and nvidia, today it's nvidia and then microsoft. $3.1 trillion versus $3.03

trillion. so the horse race continues. stuart: they're $3 trillion companies, all right. two major hurricanes hit the southeast. i can't imagine what they're doing for insurance company, i see them on the upside. >> yeah, which is interesting. earlier this morning they were to the downside. typically, insurers don't do well with these things because your anticipating the major your a payout they have to to pay. i think because we were downgraded from a 5 to the a 4, and we are thinking milton might just be a 3, so we'll have to to see how this plays out. stuart: china's new stimulus announcement. it was supposed to be another big bazooka, but it really disappointed. i think we're seeing china stocks, all of theming, way down. >> which is surprising because they were closed for a week, but the stimulus measures, like you said, just weren't enough of what investors wanted. you're seeing a little bit to the downside in the stock, plus, china did say the growth might be slowing down to about 4.3

next year from 4.8% expectations this year. so with slowing growth in china and not doing enough stimulus, stocks are under pressure. stuart: have we got any news on costco's gold bar sales? i was told they were just going gangbusters. >> yes. so there was a survey done in 46 states where costco stores are located. 77% of those stores are selling out of costco bars within a week. most stores are selling out of those gold bars within hours. it is fascinating. i love it. i love this story. stuart: i've not looked -- they don't sell them in one-ounce gold bars, do they. >> >> yeah, no, they're -- they sell it like 2000. it's not a huge, you're not doing like a whole boll january -- bouillon. it looks this big. stuart: solid gold. >> $2,000? there's an interesting arbitrage opportunity because how they sell them is different than where the gold price is because

the price fluctuates -- stuart: can can you resell the costco gold bar easily? if i think the answer is no, but i don't think for a fact. uber, they've got an update for users looking to go green. what is it? >> you can now press a button where it says you want ev only. so we'll match you up with an ev car if that's your preference. stuart: okay to. uber is up 77 cents. not necessarily on that news. pepsi reported before the bell. the stock doing okay. >> yeah. top lining weak. bottom line, better than expected. they're match managing their costs well, but they're lowering guy dance for the full year. -- guidance. they're saying salty and sweet snacks are really underperforming. the ceo is saying that consumer habits are really changing across all income levels. i want to speculate, does this feel like after all those glp-1 drugs, are we changing the way we're eating with snacking and sugar? i don't know. that's a long-term trend that a

we'll look out for. stuart: make america healthy again, lay off the salt and sweets. djt, up ever such a slight fraction here. >> yeah. this typically trades donald trump, right, and where he is in the election. so it was higher a little bit this morning as people were thinking maybe that the kamala harris interview on "60 minutes" didn't go so well. yesterday it had a big day because it came off of the big rally that trump did with elon musk in pennsylvania. when trump does well, the stock does well. when harris interviews don't go well, the stock goes well, so we'll see how it goes. [laughter] stuart: thanks. check the big board, please. we're up and down all over the place this morning. we're down 14, 41,939. if dow winners, check them out on your south korean now. apple, 2224 -- screen now. honeywell, mcdonald's, walmart all on the upside. the s&p 500, the winners there, palo alto networks is back. humana, american airline ors

delta. united -- the airlines are doing well today for some reason. nasdaq composite, on the cup side. palo alto networks, datadog, mess that's on the list -- tesla's on the list at 244, mongo db, have i got that right? one of these days i'll find out what it does. >> [inaudible] stuart: what? >> cloud provider data company. stuart: of course. i should have known that. the 10-year treasury at 4.05%, rising. the price of gold still not back to $27000, 2657. bitcoin, $62, 7 right now. oil, mid 70s, $74.88. down a little bit. nat gas also down a little wit, $2.75. the average price for a gallon of regular, has $3.18. in california, we always like to tell you, it's $4.68. coming up, kamala harris was asked three times about the border crisis during her "60

minutes" interview. she pivoted every time. >> was it a mistake the loosen the immigration policies as much as you did? >> it's a longstanding problem. and and solutions are at hand. stuart: she's getting away with non-answers. bret baier takes that on. a pro-israel man assaulted by a pro-hamas crowd this manhattan, new york, just as trump was in new york warning about anti-semitism. >> the anti-jewish hatred the has returned even here in america, in our streets, our media and our college campuses. and within the ranks of the democrat party. stuart: does trump have that right? we'll ask brian kilmeade how he sees it. >> a notorious russian arms dealer, viktor bout, is now selling weapons to iran-backed houthis in yemen. looks like hostage taking works

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stuart: 12 minutes into the market action, the dow is down 20, but the nasdaq doing well, up 100 points. the price of oil still in the mid if $700 a barrel range. -- 70, actually, it's down at $74. check out the oil stocks, most of them are lower today along with the price of oil. kinder morgan, exxon, etc., etc., valero, all down just a little this morning. israel sending thousands more troops into lebanon. nate foy is in tel aviv. what is hezbollah saying about this, nate? >> reporter: hey, stuart. well, the deputy chief who, of course, is one of the few remaining leadership figures in hezbollah, says the group maintains its capabilities despite suffering a series of

painful blows at the hands of israel, assassinating many of its leaders over the past three weeks. and we're seeing that reflected in hezbollah's actions this morning, launching their single biggest rocket attack on the northern city of haifa that a we've seen so far in this war. take a look at this video as you see israel's iron dome hard at work. 100 rockets, actually, more than that, were launched in just an hour's time. israel responded with an airstrike, taking out the hezbollah launcher where this attack came from. but take a look at some of the damage in the haifa, stuart. several homes were hit by falling shrapnel, some of the rockets got through. right now we know at least one person is injured. tel aviv continues to be targeted as well. take a look at this, the houthis launched a missile that was intercepted yesterday, and hezbollah followed that up with five rockets that you see rising towards the temperature part of your screen that were either intercepted or landed in open areas late last night. israel says that it killed the commander of hezbollah's headquarters in beirut.

the idf says he played a derole in the group receiving weapons from iran. israel's ground operation in southern lebanon if continues. a forty division has now join -- fourth division has now joined the fight, and israeli jets continue providing support. take a look at this, stuart. this is one of the 2020 -- 200 ballistic missiles iran fired at israel last week. israel is still deciding how to respond but promises it will be significant. iran's foreign minister today is warning israel against striking iran saying if they do, iran's response will be even more powerful than last week's ballistic missile attack. we'll end it back to you -- send it back to you. stuart: thank you very much, indeed. general jack keane joins me. israel invaded lebanon so that it can reestablish its northern border. how's that ground invasion going? >> yeah. well, it's going, it's going to be tough. and the reality is it's part of a three-pronged effort that

israel's got going this lebanon. the fist one we've been watch -- first one is the decapitation of their leadership. and those bombings that are taking place particularly around beirut, they're still attempting the kill as many of the leaders as they can. the second thing is to destroy the rockets and missiles. of you know they have a considerable amount, somewhere in the neighborhood of 120-130,000. estimates are that they likely have destroyed about 50% of that capability. so they're going to continue that effort as well. and if then the third thing is the most challenging, the one that you mentioned, it's the ground invasion into southern lebanon. to force the hezbollah forces back across the litani river which is about 18-to 20 the moils from the border: until -- miles from the border. until they're able to do that, hezbollah would still be able to fire rockets and missiles and mortars and artillery into northern israel, and the people would not be able to move back.

they've committed now a fourth division, they've got up to five decisions that they are willing to the chit to this area. it's rugged terrain, the going is going to be tough to do this. this is infantry-type fighting that's taking place here. and in 2006, the israelis had significant challenges with hezbollah 18 years ago and left after 34 days. they know a lot about hezbollah now, and they are completely focused on succeeding here. here's the challenge. at the end of the day, even if they push them across the litani river and there's no additional rocket or missile and artillery firing taking place because they're out of range, how long do the israeli forces have to stay there to ebb sure that thet come back down across the river? and while they're staying there, are they going to continue to be ambushed and those forces be mortared and occasionally have artillery fire coming down on it and gradually take casualties?

that is the challenge that the israelis are doling with. they're fully a-- dealing with. they're pulley aware of that challenge, but this is a very difficult part of the campaign they're undergoing, and they are completely committed to succeeding here. stuart but, general, israel is fighting a three-front war, hamas, hezbollah, iran are. how long can they maintain a three-front war? >> well, what they're about, stuart, ask i'm glad you brought it up, is they are about a winning this war. they have effectively destroyed much of hamas. there's still some thousands of fighters not being able to organize into military organizations. and that's why you saw a campaign in gaza just a few days ago. the rem significant -- remnants of hamas. they want to dismantle hezbollah. this is the most powerful proxy group that iran has. they want to take their capability away from them. their rockets and missiles. and they're not going to try to

destroy or kill every hezbollah fighter. there's tens of thousands of them. but they want to take away their major weapon that they have is long-range missiles that can reach any city and any town. so they're doing that. and then the second part of that is restore their border, as you mentioned. i believe iran is on its heels, stuart, because they're losing their two major proxy groups, hamas if hezbollah. they did not think that was going to happen. and their two attacks that they've made against israel have been inconsequential, as we've all seen. that is humiliating for them x that's the reality of it. and their military is not very strong. so i think that the attack on iran by israel has been delayed. why? main effort is hezbollah. they'll eventually get around to it, but they are completely focused on the hezbollah campaign. finish. stuart: that's a progress report on the mideast war from general jack keane, and it's a good un. thank you, general. always a pleasure. thanks for can coming by, appreciate it.

coming up, we keep hearing it, the rich must pay their fair share in taxes. kamala harris keeps on saying it. she said it again last night. okay, what is a fair share? 30 percent of your income? 40%? truth is, if you make good money and you live in a blue state, you may pay 50%. is that fair? if it's legalized theft. moreen that coming up. president biden not giving up on student loan forgiveness. he's planning a forgiveness for nonprofit or government workers. a full report next. ♪ you think you got it, oh, you think you got it -- ♪ but got it just don't get it if there's nothing at all. ♪ we tick together, oh, we stick together. ♪ but separate's always better when there's feelings involved ♪ whatever you do, do it for less at harbor freight. save even more at our parking lot sale this weekend. (♪)

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stuart: here we go again. the biden-harris administration is set the announce another student loan bailout to. grady trimble with us this morning. what is this new plan? >> reporter: stu, we're expecting president biden to make the announcement later this week before he leaves for germany and angola, and if a senior administration official tells fox business that the plan is to expand the public service loan forgiveness program. that's a program that tiply would forgive the loans of people who work for nonprofits or in government jobs, though

details are unclear about who exactly will get their debt canceled this time around with this week's announcement. so far the baden-harris administration has canceled nearly $170 billion in student loan debt for almost 5 million people, but a number of its programs are getting held up in federal courts after several republican-led states blocked, moved to block those proposals. and as vice president harris moderates her more progressive positions ahead of the election, this is not an area where she plans to the split from her boss. in fact, she is doubling down on student loan debt forgiveness. >> we are fighting and i'm going to continue to fight for student debt relief. i mean, student loan debt is a huge issue, and to your point, it's a barrier to people being able to think, even think about starting a family, buying a home. and it just, we need to give people relief, but we have to do

more. debt is a big issue. >> reporter: so new inflation numbers coming out this week, we know that a it's been coming down, stu, but the committee for a responsible federal budget says that student loan debt cancellation is inflationary, could lead to higher prices yet again. stu? stuart: grady trimble, thanks very much, indeed. quick check of where the markets are this morning. we have the dow now down 40, but look at the nasdaq, doing well, up 126 points. bitcoin, $62,000 and change, 62,7 right now. the crypto stocks not doing that much today. coinbase is actually down 1, micro strategies up 2%. small gains and losses for marathon, riot blockchain and gray scale bitcoin. still ahead, harris' recent media blitz with mostly friendly venues. is she really answering the hard questions, and does it matter? bret baier has that story. a watchdog report found $7 billion in untapped fema a

funds, so why is mayorkas saying they're out of money? brian kilmeade on that. is the great migration to florida cooling off? insurance down there up, extreme weather bad, making it worse. we'll talk to karol markowitz. barstool founder dave portnoy, he's going to respond to kamala harris' plan for taxing the wealthy. 10:00 hour, "varney & company," next. muck hold me closer, tiny dancer ♪ count the headlights on the highway ♪

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