tv The Claman Countdown FOX Business October 11, 2024 3:00pm-4:01pm EDT
3:00 pm
conservative women? >> i think it's intrinsic to the progressive philosophy that everything is victimhood, an assault on you and your rights and a hierarchy of different levels of oppression. conservatives have a much more opportunistic, gracious, gratitude and plenty of opportunity out there. there are no obstacles in our way as women. there are very few. charles: 10 seconds. 15 seconds. >> i think one of the biggest things is a lot of women are on birth control and ucla came out with a study finding women who use birth control have higher rates of depression. we have a society have encouraged this behavior. charles: there was one other category we couldn't get and these are former republicans with trump derangement syndrome. >> [laughter] charles: that's off the charts. thank you, ladies very much. liz claman, over to you. liz: oh, my gosh i'm looking the bulls charles are kicking up some dust as we head into the final hour of trade for the week. they are running on full octane thanks to solid earnings reports
3:01 pm
from jpmorgan and wells fargo, all green on the screen for the major indices, but let's throw it to the dow first because the blue chips are right now heading sky ward to a record. the dow needs a 57 point gain at the close and with 59 minutes left to trade it has way more than it needs the dow is up 378 points. in fact let's take it to the heat map to show you this here. jpmorgan is the booster rocket. it is gaining 5% at the moment after the nations biggest bank earned more than expected in the third quarter thanks to lending profits. it also raised full year guidance, and if you pan right, you can see blue chip financials, goldman sachs and american express in the top four here getting a lift from jpmorgan's news. and then if you look at the s&p, its been fitting from both jpmorgan and wells fargo's earnings beats. the broader index is at an all-time high right now. we've got it up 36 points, and the wells numbers. the wells stock, a best performer out of the 500
3:02 pm
companies on the index. i believe it's about the third or fourth best performer. it is gaining a hefty 6% posting a wide profit beat and ceo charlie sharf told analysts today the us economy is strong and labor market supports consumer spending. let's look at the nasdaq right now. nasdaq in the green. not at a record at the moment but it's gaining 74 points or about just under half a percent to clock its fifth week of gains. and the russel 2000 is enjoying a meaty pop of 39 points. it is leading the majors with a 1.8% gain. as good as these numbers look the entire market would actually look better if it weren't for tesla. tesla is the worst performer on both the s&p and the nasdaq 100 after its much we robot event in los angeles left investors skeptical the ev company will sell enough cars to fund its robotaxi plans. tesla shares down 8.25%.
3:03 pm
a huge crowd at the warner brothers studio last night to witness the relationship rollout of elon musk's cyber cab. there were dozens of driverless teslas along the fake streets of the studio lot. no drivers. no steering wheels. no pedals offering up rides to those on hand. musk also rolled out the futuristic robe o van which he pronounced robovin, seats 20. no driver and then an army of robots which musk promises will do anything and everything you need them to do. the entire event worthy of a hollywood production. >> ♪ ♪ >> [applause]
3:04 pm
♪ >> welcome. welcome to the we robot party. we want to have a fun, exciting, future that if you could look in a crystal ball and see the future, you'd be like yes, i wish i could be there now. we do expect actually to start fully autonomous fsd in texas and california next year. >> [applause] >> but if you think about the cumulative time that people spend in a car, and the time that they will get back, that they can now spend, well i guess on their phones, or watching a movie, or doing work or whatever you want to do. you can think of like the car in the autonomous world as being
3:05 pm
just a little lounge. you're just sitting in a comfortable little lounge, and you can do whatever you want, while you're in this comfortable little lounge and where you get out you'll be at your destination. >> what happens if you need a vehicle that is bigger than a model y? >> ♪ ♪ >> we're going to make this and it's going to look like that. now can you imagine going down the streets and you see this coming towards you? that be sick. >> we expect to be in production with the cyber cab which is really highly optimized for autonomous transport in probably, well i tend to be little optimistic with timeframes, but in 2026. >> [applause] >> so yeah. before 2027 let me put it that way. liz: a little bit of a sliding scale there, joining me now tesla investor and gerber ceo
3:06 pm
ross gerber. the crowd of tesla were really cheering but what does the sell-off in the stock say to you? >> it says to me it's going to be years until they have a new vehicle. you know, even then, it gives them time to get full self-driving to work but it still doesn't work, it works on warner brothers lot without other humans and cars but in real life, waymo just passed me on the way to work on my cyber truck on full self-driving today and the future is now and the future is waymo. liz: yeah, i know that it has rolled out big time in los angeles and has been working for years but elon would say that he's got all of the data. years and years of data, plus the autonomous expertise that he and his engineers have been working on for several years. as we look at, that's not it that's waymo, but what really happen last night, tell me what you feel. i mean, there is that focus on the fact that the stock is selling off. is that because of the time
3:07 pm
element that people just don't believe when elon says it's going to happen by next year? >> well, yeah, we know that from let's say cyber truck, which it's about a five-year timeframe between an announcement and an actual vehicle and then they usually promise two to three-years and then it takes five, so we don't know how long it'll take to make this but it revolves around autonomy working so i don't know how long that's going to take. i think for me it was a huge lost opportunity, because the way it works is it be very easy for them to put a steering wheel in the car that was retractible. in other words the steering wheel could be there and then you could push a button and then it would just disappear and be a robocab. if they put that vehicle for sale for $25,000 that i could buy and drive, or not drive that would have driven the stock higher because they would have had a new vehicle that i could buy and drive or use as a cab but because he went all-in on the cab, and we don't see this as a very easy
3:08 pm
market to win at, and it's not, they aren't even going to be a first mover, you know, this is a very disappointing development for tesla. liz: tesla needs to build and sell enough of its current cars, does it not, to fund the great expectations that elon has. he did say that the cyber cab would end up costing maybe around or even lower than 30,000. do you believe that? >> well, yeah. i mean, you know, you can buy a tesla now for 27,000 on the used market that's almost like a brand new car and the cost of production tip u continues to gn so it's not hard for them to do that when you look at the stripped down model y, without all of the wonderful features within a model y, but i still think that we're in a world where people want to own their own vehicles, and they want to have the option to rent them out, but not the requirement and by building basically a fleet of robotaxis that really aren't cars that the consumer is supposed to use themselves i think is a very narrow-minded,
3:09 pm
narrow-focused and difficult business to be in, and people want to buy these cars, and drive them. you know? liz: he's a big forward-thinker. the stock market is not. they are pretty immediate right now. stock again down about 8.25%. on the other end of the spectrum, uber and lyft are really lifting. i mean, they are seeing huge gains. i believe uber is at the very top of the s&p. its done very very well up 11.5% and lyft is up 8.6%. is that because analysts are out there basically saying what they saw last night is not an immediate threat to these ride hailing companies? >> i mean, i'll take it a step further. i do own uber and i'm very bullish on uber, because when you talk about the data, what tesla's data is is actually driving experiential data and when you look at uber's data, it's actually cab data, like where we go, when we need it, dealing with surge pricing, knowing when demand is needed
3:10 pm
and where. we all expect to get an uber in less than 10 minutes and being able to do that is incredibly hard so the real winner is uber because it doesn't look like they have any competition soon, from tesla, firstly, and secondly, they are partnered with waymo in several cities and waymo is going to realize the most important issue in running a robocab service is where you get the customers and this is a question i keep asking tesla. the customers are on uber and lyft and now using waymo like we are here in santa monica everyday, so i think this is a win for uber. liz: he would say where are you going to get the customers. he would say that that whole issue will be completely blanked out by what he unveiled which was the optimus prime, the robots and let's just listen to how elon put it and i'll get your reaction. >> what can it do? it'll basically do anything you
3:11 pm
want. so it can be a teacher, babysit your kids, walk your dog, mow your lawn, get the groceries, just be your friend, serve drinks, whatever you can think of. it will do, and yeah, it's going to be awesome. i think this will be the biggest product ever of any kind. >> [applause] liz: bigger than the smartphone? well then an army of robots came out and they did all kinds of things. they did serve drinks and also started dancing. i mean, the crowd was absolutely thrilled, but elon has said this would add a trillion, trillions of dollars to tesla's bottom line. do you believe that? >> no, not even close. and in fact, i don't actually see this as any utility at all, because all of those things are being well-done by humans right now. you know? right now, marta is at my house doing a wonderful job folding and doing all of the things i
3:12 pm
want her to do and why would i replace a wonderful human with this weird elon robot that's probably been programmed into some weird right-wing conspiracy thing that's going on, so you know, quite frankly, i don't trust elon musk as far as i can throw him. last thing i'll do is put an all robot in my house by him because anything i say that he might not like, the robot might come and snuff me out. so i don't trust him at all. liz: do you trust the stock? you used to be a big, big holder. you scaled back your holdings? >> i am. i still own the stock. liz: but if you don't trust him why do you own the stock? >> you know, this is a new recent developmentment he's head of the republican party with trump. i mean, when did that start? so to me, his for ey into politics is contradictory to what's best for tesla and the fact he's supporting somebody who supports oil is completely contradictory to tesla, so right now, the biggest issue elon has is nobody wants to buy his cars and many people, maybe somebody i know here, sold
3:13 pm
their car because they are so disgusted with them and, you know, it's a lot of people here do not want anything to do with elon musk. he's one of the most disliked people in the world now and it's unfortunate, but it's a by-product of the choices he's making and it makes it very hard to sell cars. just very hard when you're this involved with politics. liz: as we look at the business aspect of this , again, the stock is down about 8 and one-third percent. ross, thank you very much. we appreciate you weighing in on this. tesla is not the only auto maker making headlines at this hour. changes at the top at stelantis have the maker of jeep and ram brands fish trailing at this hour. the details next and as we head into the most holiday of the year what happens next in the war torn middle east? former israeli prime minister is here first on fox business. the "clayman countdown" is coming right back. the dow jones industrials just hit a new fresh high of a gain of 427 points right now it's up
3:14 pm
417 big rally here toed folks at harbor freight, we design and test our own tools... and sell them directly to you. no middleman. whatever you do, do it for less at harbor freight. save even more at our parking lot sale going on now. (♪) meet the traveling trio. each helping to protect their money with chase. wooo! tools that help protect. alerts that help check.
3:15 pm
one bank that puts you in control. chase. make more of what's yours. (grandpa vo) i'm the richest guy in the world. hi baby! (woman 1 vo) i have inherited the best traditions. (woman 2 vo) i have a great boss... it's me. (man 1 vo) i have people, people i can count on. (man 2 vo) i have time to give (grandma vo) and a million stories to share. (grandpa vo) if that's not rich, i don't know what is. (vo) the key to being rich is knowing what counts.
3:17 pm
it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall.
3:18 pm
change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. liz: fox business alert we've got a major management shake-up at stallantis. ceo is retiring at the end of his contract in early 2026. the owner of jeep and ram auto brands also said that its chief financial officer is leaving, and has named new coo for china, europe, and north america. a cut to the auto maker's full year profit forecast, along with the stocks 44% drop year-to-date prompted the management changes. those changes though are failing to halt the slide. shares right now are down 2.25% to a two year low. other end of the spectrum here
3:19 pm
surging 24.5% after roth capital said its sources confirmed that the chipmaker is in final negotiations to supply 200-millimeter wafers to several major third-party customers. roth also saying that it expects the company could get chips act funding before the election. fastenal, is sitting at the top of the nasdaq 100 after the maker of industrial supplies reported a third quarter profit beat. it's considered an economic bell weather because it supplies nuts and bolts to manufactures, as well as to heavy industry and construction firms. the stock, right now, up 10 and one-third percent is up 18% year-to-date so it hasn't exactly outpaced the s&p 500 or the nasdaq 100 in those 20% gains over the same time period. i just want to check one thing. yup. there we go. okay, berkshire hathaway unloading more bank of america stock bringing the total holding
3:20 pm
to marginally below 10% and when we say marginally, we're going to tell you by how much. billionaire warren buffett's firm sold 9.5 million shares in three transactions, ranging from october 8 to october 10. now that stake stands at 9.99%. okay that's marginally which means berkshire is no longer required to report its transactions to the sec within two business days. much more on big bank earnings, we talked about wells fargo, jpmorgan, blackrock came out. blackrock stock is charging higher we'll get that later in the show. the state of florida had a record breaking 34.2 million visitors in the second quarter but has the calculus changed after this , on your screen. two monster storms slamming into the sunshine state. the ceo of price line.com is here to discuss the impact mother nature could have on tourism. and mother may not always know
3:21 pm
best. steven wang's mom was furious when he told her he was dropping out of high school to run a business he had started and then when he later got into harvard, mom's happiness was back again because eight months into harvard he dropped o utility to out to starta new business but m changed her tune because steven ended up being co-founder of robinhood and it lets you copy the trades and mimic the portfolios of some of the world's best investors, politicians and celebrities, like the oracle of omaha, warren buffett, former speaker of the house nancy pelosi, former president donald trump. how did steven wang, a self-described shy kid get the gumption to turn his back on high school, harvard and mom to follow his business dreams? he's this weeks guest on everyone talks to liz it's a brand new podcast episode dropping tomorrow, listen on apple, google, spotify,
3:22 pm
iheartradio wherever you get your podcasts coming right back folks looking at gains across-the-board, nasdaq up 83 points, s&p up 39, russel, a real winner here up 42 points or nearly 2%. you reach your goals. i 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. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. it's odd how in an instant
3:23 pm
things can transform. slipping out of balance into freefall. (the stock market is now down 23%). this is happening people. where there are so few certainties... (laughing) look around you. you deserve to know. as we navigate a future unknown. i'm glad i found stability amidst it all. gold. standing the test of time. where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management
3:24 pm
when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's your free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free. and there's no obligation. you see,
3:25 pm
medicare covers only about 80% of your part b medical expenses. the rest is up to you. that's why so many people purchase medicare supplement insurance plans like those offered by humana. they're designed to help you save money and pay some of the costs medicare doesn't. depending on the medicare supplement plan you select, you could have no deductibles or copayments for doctor visits, hospital stays, emergency care and more. you can keep the doctors you have now, ones you know and trust, with no referrals needed. plus, you can get medical care anywhere in the country, even when you're traveling! with humana, you get a competitive monthly premium, and personalized service, from a healthcare partner working to make healthcare simpler and easier for you. you can choose from a wide range of standardized plans. each one is designed to work seamlessly with medicare and help save you money! so how do you find the plan that's right for you. one that fits your needs and your budget? call humana now at the number on your screen for
3:26 pm
this free guide. it's just one of the ways that humana is making healthcare simpler. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free. and there's no obligation. you know medicare won't cover all your medical costs. so, call now and see why a medicare supplement plan from a company like humana just might be the answer. liz: well, thankfully, hurricane milton is now making waves somewhere far over the atlantic ocean, but we are learning more each hour about the deadly trail of devastation it left in florida. the new death toll has now
3:27 pm
reached 17 people, and more than 2 million customers are still without power in the state. florida's tourism economy though is slowly but surely coming back to life. theme parks that had closed due to milton we're talking about disney world, sea world and universal orlando did reopen today. orlando international and tampa international airports threw open their doors today as well and have resumed flights.sarasota, bradenton inta l airport is still recovering from the storm. american airlines officials say in the last hour, plans are in place to resume operations there, but not until october 16. according to state data, florida is one of the most visited states in all of the us with an estimated 140-plus million people making the journey last year. what does hurricane season mean for 2,024 travel numbers? joining me to discuss is price line ceo brett keller. brett, obviously good news about the airports and amusement parks
3:28 pm
but what are you hearing from customers who had booked tickets and hotels for today and into this weekend? >> well many of those customers had reached out to us previously understanding with the pattern of where the hurricane was landing and they were able to make arrangements directly through us in terms of their hotel and flight and rental car reservations. many were jeanne d'evreux generous toaccommodate customerr the last couple of days, we saw a large number of consumers come in and really as they were looking to mass-exit from the danger areas, they were using platforms like priceline to book reservations in safer zones so people were really moving into florida, miami, and into those areas and some even up into georgia to try and escape and get out of the path, so it was obviously a very difficult experience for florida and florida has had many hurricanes in the past.
3:29 pm
they rebound very quickly, we've partnered on the tourism side for many years and they are one of our top-booked destinations as a state within the us. liz: i've got to tell you i'm very curious about how these hurricanes affect your business and your bottom line, because if your stock, your parent company is booking, bkng, it's hit ling an all-time high right now, and this is interesting to me because i would think all of these cancellations and changes cause you extra overtime for people to help the customers et cetera, but how is it that investors are be looking at this company thinking let's go in. >> these are typically, at least from a worldwide perspective, they are short-term incident that comes through and hits a certain region, or part of the world and in fact every year, we have hurricane season happening in various parts of the world that we have to work through and deal with and we're used to it in september and october, we have additional staff ready and prepared to
3:30 pm
handle the spikes in call volumes when these things happen so this is part and course of our business. it's not the part that we love to do. we mate to see any region of the world devastated or hit with this type of damage but what we so with travel over the long run and we've watched this for many many years that travel rebounds very quickly even in regions that have been hit very hard by tragedy, and travel is such an important part of the world's economy and part of these types of destinations economy that they obviously are working to put it back in place so the customers can resume and return as you just reported. the airports literally, the major airports in the region opening within 24 hours of this coming through. they just know how to respond and rebound very quickly. liz: well, that is definitely good news. let's talk about the holiday season. because people still really want to travel, and they are looking at that. what are you expecting november and december of i guess as we go toward that, and let's not
3:31 pm
forget that we have something called the election leading ahead of that, and you had delta ceo warning of a revenue hit from the presidential race saying customers want to be home around the election and are pulling back on spending. so you're probably trying to juggle both of those issues. >> well, listen. we've been through many many elections over the course of time and we have typically seen, listen on the day of election people are very focused on voting, and that's what we hope people are doing in the united states during that time but we're a worldwide business and we have travel happening all over the world, and so we don't necessarily look at that as a long-term impact. what we are looking forward to of course are the holidays and thanksgiving and christmas this year in the us should be strong, healthy, holidays. we expect nice surge in travel. things have really normalized for us this year in terms of the travel patterns but holidays in particular are seeing strong demand and spikes, so in terms of what we see , i don't think we'll see anything different this year than we have in past
3:32 pm
years when it comes to healthy demand for those holiday periods. if you're looking to travel now is the time to book. the longer you wait prices are going to continue to rise especially in the airline industry. they are starting to pullback some of that capacity. liz: i know. don't put it off like i do all of the time at the last second. it's not expensive? brett good to see you thank you very much. >> thank you. liz: with three and a half weeks ago until election day we are waiting on former president donald trump to speak at a rally in colorado right now, arrive all presidential candidate kamala harris speaks in the battleground state of arizona. we are going to get you a live report. and jpmorgan ceo jamie dimon warning today that geopolitical risks with israel and iran front and center are treacherous and getting worse. how much worse could the wars israel is fighting on multiple fronts get? former israeli prime minister ehud joins us next on the threats israel faces and its allies. he is first on fox business
3:33 pm
we're coming right back. if you're living with dry amd, you may be at risk for developing geographic atrophy, or ga. ga can be unpredictable—and progress rapidly—leading to irreversible vision loss. now there's something you can do to... ♪ ( slow. it. down.) ♪ ♪ ( get it goin' slower.)♪ ask your doctor about izervay. ♪ (i. zer. vay.) ♪ ♪ ( gets ga goin' slower.) ♪ izervay is an eye injection. don't take it if you have an infection or active swelling in or around your eye. izervay can cause eye infection, retinal detachment, or increased risk of wet amd. izervay may temporarily increase eye pressure. do not drive or use machinery until vision has recovered after an eye injection or exam.
3:34 pm
izervay is proven to slow ga progression, which may help preserve vision longer. ♪ ( i. zer. vay.) ♪ ♪ (gets ga goin' slower.) ♪ so shift gears and get going. don't delay. ask your doctor about izervay. (♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com it's time to grow your business. create a website. how? godaddy. coding... nah. but all that writing... nope. ai, done, built. let's get to work. create a beautiful website in minutes
3:35 pm
3:38 pm
liz: breaking news, former president donald trump is holding a rally at the gaylord rockies resort in aurora, colorado that will happen in any moment you see the crowds right there. this is the same day the state has begun sending out mail-in ballots for the november 5 election. political experts say colorado is a democratic strong hold that trump will unlikely win, later tonight he will head to a rally in reno, nevada before hitting another battleground state, arizona this weekend. vice president kamala harris held her own event in arizona moments ago. she's now in scottsdale campaigning in the grand canyon state for the second straight day, voting began there this week. the real clear politics average has the race in arizona nearly even with trump slightly ahead by half a percent. madison alworth is following every movement of the two presidential candidates.
3:39 pm
she joins us live from the fox business newsroom. madison? reporter: liz, with less than a month ago, the candidates are really taking the battle to the battleground states. vice president kamala harris hitting arizona hard. spending her second consecutive day in the state. you know, harris is out west with an eye on increasing her support amongst hispanic voters so key to the democratic base. last night's event was aimed to boost early voting and focused on the economy, largely ignoring the border. a new "wall street journal" poll, and this is what's so interesting, with polling, has harris up by 2 points in arizona. basically tied. but it is worth mentioning that when this same poll was conducted in march, former president donald trump was up by three points in the grand canyon state. interestingly, trump will be focusing on the border today, but from colorado. he's going to be in aurora, a town that has been the victim of migrant crimes, specifically, vicious gang crime at the hands of venezuelan gangs.
3:40 pm
last month men in that gang forced their way into an apartment, threatened the tenant at gunpoint and then shot someone outside of the apartment. the gun wielders all migrants. so during today's speech which we will be getting at any moment trump is going to be announcing his new plan "operation aurora" which he says will remove illegal migrant members that are part of this transnational gang from our country. political analysts say trump is using aurora to highlight the national point that illegal immigration is a problem for the whole country, but at this late stage in the game, time away from swing states can prove to be a problem which is likely why trump will hit nevada before the day is through. the same "wall street journal" poll shows trump up five points in nevada. president trump will also be in arizona this weekend, after making a stop in california. less than a month to go and they are hitting the ground hard. liz: madison thank you very much. well the turmoil in the middle east is escalating at this hour
3:41 pm
with international implications. the leaders of france, italy and spain issued a joint statement after israeli forces opened fire near the united nations interim forces south earn lebanon headquarters injuring two peace keepers in the cross fire. the israeli military says it was an accident. they say they were targeting what they believe to be a threat about 50 yards from the peace keeper's out post. nonetheless, the three leaders are not happy about it and issued the joint statement. it is the second time they have come under fire by the idf in southern lebanon as it launched a ground invasion into the region this week. on thursday, israel conducted a series of strikes in beirut and hit two residential buildings killing 22 people injuring 117. the attack was pointed at the iran-backed hezbollah milli mis but the terror group said the attempt was unsuccessful. all of this , this expansion comes after iran launched 200
3:42 pm
ballistic missiles at israel last week, and hezbollah has been logging thousands of rockets at israel for a year, with the world on edge waiting to see how israel will respond to iran's attack we bring in the former prime minister of israel, and former idf chief ehud barak. prime minister thank you so much for being here. having run the idf can you just give us your sense of what happened with the hitting of the interim forces in lebanon, the peacekeepers? >> we just unfortunately, it was an accident. i don't even know the details but i'm very confident there is never has been an issue or attack on them. unfortunately the hezbollah, they know that the presidential will provide certain umbrella to try to operate something to launch from very close to those installation. of course we regretted that and i'm sure that the government tried to issue to all members
3:43 pm
and participants kind of signals of regret. unfortunately, that's the nature of war. liz: israel did not attack lebanon for an entire year after the hamas attack on israel, october 7, one year ago, killing 1,200 civilians mostly so now, as they do this , you see the whole world ganging up on them. there's news that russia is making friends now, making overtures to iran, tightening their bond. what do you think israel is planning to do, if you had to guess, in retaliation for the largest ballistic missile attack in history that iran launched at israel? >> there is a compelling need to respond and respond fully, but many delicate issues around. the most kind of target, of course the oil production lines and the main terminals and the likes, the clients of
3:44 pm
this exported oil are the chinese. the other very tempting target is the place where they produce or store these ballistic missiles or the drones that they use here, the client to be hit is russia, which depends on import from iran of both ballistic missile -- liz: and oil. >> and drones, so but that will not if they decide to do it but of course those we're talking about hitting directly the nuclear facilities. that's even more complicated because it's not clear whether israel on its own or probably even with the united states can really significantly delay the iranian nuclear military program from moving on and some suspect that it might even accelerate it, if you make attack and it's not successful. israel, who supposedly is a nuclear power, according to
3:45 pm
allegations and kind of the mpt, the agreement that controls. if we attack the installation, and delay them by several years it might be a good excuse or legitimizing to iran to move. it's a very delicate issue. i'm confident we are discussing it very seriously and but response will come after consultation with the united states. liz: how much does israel, does the leadership of israel, benjamin netanyahu, the current prime minister, listen to the united states when our leader is saying, don't go after the nuclear facilities. this will only expand the political blast zone will be very negative for israel. >> israel did not totally ignore the american view, but israel, when it comes to issues, it touches our crucial security
3:46 pm
interest. israel will act sovereign and will do even if it doesn't fully kind of synchronize with anyone. if we can delegate a responsibility for our future into the hands even of our best which happens to be of course the americans but having said that, i think that there are other considerations as well. we cannot hit iran without to other countries along the way. we have to choose which ones but we have to cross other countries and we need certain understanding for the legitimacy of our operation and as i mentioned the whole issue of the nuclear facilities is delicate for other reasons. liz: deli delicate and dangero. let's bring up the map of the middle east and let's focus on saudi arabia. so there is israel. the tiny, tiny little strip there. surrounded by some enemy
3:47 pm
nations. there's a peace agreement between egypt and jordan and israel thankfully because that's certainly helpful for israel but they would have to cross iraq, syria, jordan, who knows, but saudi arabia, when iran launched the first drone swarm back in april, the saudis helped shoot down some that were aiming for israel. how close is the saudi leadership to the israelis? are they siding enough with them? >> we highly appreciate any kind of coordination and collaboration or coordination mainly, and the americans put proposal on the table nine months ago made by president biden and said clearly, we have an opportunity called normalization with saudi arabia and having this alliance that moderate into the region, israel, and the americans, to
3:48 pm
deploy against the entities led by iran which is hamas, hezbollah, syria, huthis, and occupied by china, and that's why deployment is in the middle east. the fact that israel did not respond positively is a big mistake of our leadership. if this proposal was on the table two years ago, it would have been hard as the greatest achievement, for reason that has nothing to do with the security, netanyahu rejected it in order to make sure that he would not have to negotiate in the future and have a two-state solution. that's against our interest. liz: ehud barak, thank you. we hope at some point there is a resolution and an endgame. thank you. >> we hope as well. liz: thank you. president trump speaking right now in aurora, colorado, with
3:49 pm
3:51 pm
jorge has always put the ones he loves first. but when it comes to caring for his teeth he's let his own maintenance take a back seat. well maybe it's time to shift gears on that. aspen dental has complete, affordable care all under one roof. plus $29 exams and x-rays for new patients without insurance and 20% off treatment plans for everyone. making it easier to get started with quality care.
3:52 pm
3:53 pm
3:54 pm
liz: shares of retail trading app robinhood have been on an absolute terror this year, with the stock up 105% year-to-date, and when you look at it stretched out year-over-year, its gained more than 170%, the stock is still off its highs of the meme stock craze back in 2021 but investors are now benefiting from a company that is building a very steady and growing business. charlie gasparino on what the selection implication? charlie: it's an interesting back story here. i mean, last week, it was all the rage that dan gallagher, the general counsel for robinhood, whose essentially one of the architects got that their act together in terms of compliance, you don't see exploding stuff when you buy a stock, you know? all the stuff, all helped them get their capital levels right, so they don't have to stop trading when a lot of people trade all at once, which happened during a meme stock
3:55 pm
craze. dan has been working like crazy to get this company back on track, and finally he's got it back on track. the stock as you know, up 150-170% year-over-year. he's got the sec to back off, its sort of gary gensler talked about getting rid of payment for order flow. that's why robinhood charges no fees, because there's payment for order flow. they sell their order flow to third-party marketers. market makers. all this is dan gallagher's handiwork up 150%. low and behold, listen i've said this a million times on your show, liz, he could be the trump, if trump wins he could be the sec chair because he used to work at the commission, he's a well known entity in washington, a republican. so somebody wrote last week, and garnered tremendous headlines that he could be trump's sec chair like it was a huge made sy is it old because i've said it
3:56 pm
on your show, but the real story is he's probably mott going to take the job. liz: syn why? >> because his wife won't let him. back up a minute much his wife -- i'm telling you, i have this sourced very good sources. people close to the gallagher household. his wife is a federal judge and he spent many years in legal field and he's done back and forth and private work in the private sector and he's now making real money and he gets paid largely in stock, and i think probably 99% of his $10 million, you know, salary for 2023 was a stock like 9.9 million.
3:57 pm
>> true government salary people. and two kids that got to be put through school. you've got to pay the rent from what i'm told is donald trump could be a very persuasive guy and 100% and going to be the job and i'm sure it country go down quite like that and from what i understand issue the wifey is what matters here. the federal judge wife and it was putting their foot down and saying we've got to pay the bills, danny boy. you're mott taking this job. there's a better than even chance he won't take the job and he's a hand picked dude. liz: punch you in the shnoz.
3:58 pm
>> sec chairs make $300,000 a year. liz: that's a lot for some people. >> not if you're making $10 million or more. liz: forget millions, how about billions and jp moray gang topping the dow with a top and bottom line beat and shares jumping 4.5% and wells fargo also gaining despite falling short on revenue and still beating. bank earnings just cooking up, just getting started and coming up next week, bank of america, citi, goldman, moray gang stanley naming just a few. top banking analyst and rbc marketing analyst and gerard cassidy and this set as good tone, does it not? >> yeah, absolutely does. from the reaction of the stocks and going to point it out beating the bottom line and most importantly very well capitalized and credit quality remain benign and take investors are saying that if we're going to continue with this soft
3:59 pm
landing and credit should not be a real issue for the banks in 205. liz: i'm looking at bank of america gaining 5% and some of the big credit card issuers are doing incredibly well and that makes me wonder going back to charlie sharp of wells fargo saying the customer is strong and charge ago lot, but we know the ball lapses are growing and any concern there? lore credit cards going to the companies and they've opinion pointing out and felt the charge was peeking sometime in the middle oillet 2024 and we're starting to see that they're ready and conservative going to be in good shape.
4:00 pm
liz: 40 seconds and looking at your performance and big maims and outperforms are the regionals and why are you so optimistic about the regional banks? dry driving more revenue and the incomers from the regional bank. liz: better off having gerard on the show and you clarified important issues alaska the banks coming up. here we go, it is a record close for the dow jones villanuevas and another record close for the s&p 500. green on the screen today and critch by the bank earnings and as you know, next week. good news with earnings as well.
1 View
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
