mike wilson and kalanovic saying the estimates are too high should we enjoy the earnings gains so far >> they are answering that question with the stocks to earnings that is thais unusual the management companies project more challenging times ahead the stock market is taking note of that and investors sudhould s well >> just in all fairness, this is reversal for mike wilson he started the year bearish and two weeks ago, he thought there would be a year-end rally. some things have changed does the year-end rally seem unlikely at this point >> year-end rally, we are talking two months that sis a difficult time horizon. it is fair to acknowledge for strategists and investors. this is a really difficult time in the capital market cycle. we're late stage the fed had the dramatic move. everybody trying to deal with qt now. if you can assume qe and lower rates are stimulative on the way up, means it is fair to assume we will have response in equities when qt sets in that's what we're seeing >> today is day one of the fed meeting. tomorrow is the decision what are your thoughts about the fed

. >>> your dividend playbook, morgan stanley's mike wilson, he's making the bull case for dividend growth, ocosethe mef ur, nas that jenny likes. we'll do it next. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back. great to have you here jenny, because we have a list from morgan stanley's mike wilson, right,

mike wilson says in times of uncertainty, you need to consult the technicals, the charts.ith him. however, there are many ways to look at the charts and some have a better record than others. that's why we're going with larry williams, a legendary market historian, a top expert in this base. larry has written over a dozen books and created a ton of technical indicators. many were named after him. more importantly, he's the guy that warned us that august and the bulk of september would be awesome. great call. he predicted the stocks to bottom in late september with a rebound coming in september. that's exactly what we have seen so far. nice call. don't forget. we just made brilliant bullish calls when everybody else was feeling extremely bearish. he got it right in 2020 when everybody was convinced under the weight of lockdowns. now that stocks started rebounding in october, kind of what he said, just as he predicted, what comes next? okay. larry is always looking for cycles that seem to repeat themselves over and over in the market. that's how he knew september would get u

you watch bank of america in aggregate come out on top and we have mike will -- mike wilson on morgann the strategist award here for the institution. -- i thought he has been wrong this year, hasn't he? alix: it is funny but he made that call earlier in the year. sonali: he doubled down on the bearishness that has not all played out. i think his contrarian view has been highly rewarded. he has been right about half the time when you look at his track record over the last five or six years. guy: is half the time good? alix: clearly it must be he's number one. guy: you get a hold of the narrative and it changes so fast in the market it must be so difficult for the analyst to have a call and stick with it. sonali: there's another funny element of this but there is the -- what is the role of this environment? we talk with the c-suite people they say you have to get the best of the best and when there is not there is a i they can take out work in the research desk. think about that shrinkage on the last few years on the sales side with mike wilson unit need to be top 10 or top five in the

mike wilson had a great note out today, seeing some of the uprevisions waning you are starting to see some of the undertones of more conservative fed start to play through. i think you are starting to see soom of the cracks with the consumer with that said, it's not right for us to expect this to be a precipitous fall down to the left so, you are going to see pockets where you are going to find civility. but last week, we were saying, listen, the markets have been able to hold 4300, that's a key n technical indicator. that's probably going to be offering some resistance from the top. i would be careful before i would be willing to jump back in with both feet, but down 10% in a market where we are still seeing robust economic data, you want to take this opportunity to at least put some chips on the table, but start to average it >> yeah, karen, i mean, in that mike wilson note, he said the strength and the headline labor data fmasks what the fed can't address proactivity. what do you make of that >> if the economy slows, is that good for the market? right? maybe, because twhat takes th

. >> bears are going to be bears, speaking of mike wilson, morgan stanley, talks about weakening breath within the market, sees stocks down 10%, says no fourth quarter rally is coming, and your point on the strong consumer, he's is university and michigan consumer sentiment index fell by the largest month over month decline since june of 2022. consumer is tapped out, doesn't have any more money to spend, dour attitudes about what's going on with inflation, how much more they can spend, what do you say? >> we have retail sales tomorrow, that's the biggest data point of the week, and i think it's going to be strong. i look at companies like american express with just came out with september loan growth of 8.3%, led by the onsumer, up 17%, small and medium business is up 21%, we heard that prime day, the first day of prime day people bought 25 million products online, that's only the first day. pepsi had better-than-expected organic growth. i think the consumer is in better shape, if they have money they're going to spend it whether they put it on a credit card or they have the cash. that

mike wilson, our fx and rates reporter. also in singapore for us, mark ran field. some breaking news. this concerns china evergrande, it seems china is expanding its investigation to be on the company itself, to include some of the major creditors and financial firms which, based on the people familiar with them are saying helped facilitate some of the risk-taking, taking place. it does seem that this might include the left basis reporting here, the bank of china. it has been mentioned in this specific story. we will get more to this once we get more information out of the story, out of the wall street journal. haidi: watching that very closely. still ahead, we will be talking about the adani group. sources telling us that one of the groups has been scrutinized by one of india's accounting regulator. we get the latest. this is bloomberg. ♪ get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reac

. >>> new this morning, morgan stanley's mike wilson saying an end of the year rally for the markets that narrowing breadth, falling earnings revisions and fading consumer and business confidence tell a different story than the consensus which sees a rally into year end. wilson has been bearish and says fourth quarter and 2024 profit expectations are too high, even in an economy that is performing well. >> that doesn't in any way describe the last year of mike wilson's comments. that doesn't in any way describe it you finally -- >> he went bullish after being bearish. >> at the time we said, oh, great, you know, after being wrong for that long. but we did mention he was very tepid in his bullishness and he raised his price target, which had been 3,200 or something like that but he raised it to below where the s&p was so now that's looking -- i mean he was a very reluctant convert to being less bear ish, which turned out maybe to be right. he was getting less bearish right at the top, and he didn't get overwhelmingly bullish at the top, but the absence of him on this show, and when's t

that's a big piece of mike wilson's treatise over the weekend, that price action on earnings, i thinkeven wells tallying some of the number of companies that are raising, eight versus the number that are lowering, seven. >> we had a price target raise in slb, schlumberger. they do set the tenor. remember, we're a podcast, so you're nodding in agreement with me, and no one knows. >> they do set the tenor, jim. >> thank you. >> you're welcome. >> a lot of this revolves around geopolitics as well. >>> we'll move on to the middle east. nbc's jay gray is in tel aviv with the latest. >> reporter: hey, good morning, carl. let's talk about the last 24 hours, intense air strikes from idf fighter jets. we know, according to the idf, that at least 320 military targets were hit. they say that includes tunnels and operational control centers. we also know that strike teams have moved across the border. they say they're going in looking for hostages to clear the area, again, they say, of hamas gunmen. at least one idf soldier was killed, three others wounded from those attacks. the hamas ministry o

that would be morgan stanley's mike wilson once again now saying he is bearish.this, where do you think the s&p ends? >> i don't want to argue with my esteemed colleague at morgan stanley. now could he be a little bit off on his timing? yeah. he could be a little bit premature but i think six months, nine months, a year from now, we look in retrospect even if he is a little bit premature, he is not wrong. liz: he is not wrong. is the fed wrong if they hold their fire for the next two meetings and we still get pretty hot inflation numbers? >> liz, i'm so worried, i'm so scared we'll relive the '70s which is a lot of decade. what really scares me the vast majority of my peers in the industry, didn't live and work through the '70s. they don't remember what it is like to see an equity market flat for an entire decade. to see stagflation. this is what i think the real fear is. we wind up in a recession while still having high inflation. liz: you say buy walmart, tesla, mcdonald's. we got 15 seconds here. mcdonald's having a great day. did you know? >> you know, hey, t

people like mike wilson say forget about it, earning are flat.ook for s&p to go back down under 4,000. what do you make of it? >> i don't agree at this particular time because the consumer is too strong. we spent $15 billion on halloween. oil prices hurt. we can survive this. not a terrible time of year for oil to be higher. seasonality in place. to his point it is not pan issue. if we don't get an earnings boost, stock market will have a difficult time next year. charles: next year what about this quarter right now? numbers as we to through guidance will this dictate the fourth quarter. >> when market is up first three quarters of the year it is almost always up the fourth quarter. santa class rally, based on positive news we got today. if the fed goes on pause the market will do just fine. charles: i saw where you mentioned 1000-dollar car payments. i know you only deal with rich folks. why are you worried now about 1000-dollar payments being the new norm? >> 70% of the u.s. economy is based on consumer spending. real fact of interest rates pus

mike wilson's been talking about, marko, you got to listen to him. you don't have to agree with him, you got to listen to him. and how many people -- he's still working, he's in the hall of fame. he's like eric clapton. good for marko. >> well, i think that as we set up for some seasonal dynamics, i look at what rates have done, what oil has done, and i just think a lot's been thrown at the consumer, i think a lot's been thrown at the market. i don't really like the setup for next year, but i kind of feel like we have some room here. i think tomorrow's a payroll number. when we get that next payroll number that really shows that the labor market is weakening, i think the market is going to love it. and i think they're going to believe that we still have that fed back. this has all been about the fed put that people actually -- people think, hey, you know what after that last meeting, they're serious. l like, they're not messing around. that was the difference of the rates markets, so, i think the short-term to medium-term move to the year end, it fav

today >> well, as you know, at the start of the year we had a contrarian positioning remember, the mike wilson consensus around a hard landing had everybody in a nervous positioning. we were 93% net long at the start of the year. that's very long for our hedge fund over the course of the year and more recently over the course of the last eight weeks, we've had to manage around new realities a 10-year approaching 5% and, of course, the tragic war in the middle east our net exposure today is about 48%. we put on more hedges over the course of this period of time and reduced some of our exposure in the long book by selling calls and doing other things, but this is just prudent risk management when we look over the course of the next two to four years, these technology names, remember, meta today is trading at about 15 times earnings compare that to walmart or compare that to nike that are trading at 23 and 25 times earnings for half the growth rate respectively, that doesn't make any sense and over the course of the next couple years we're going to continue to see this dispersion where companies

a lot of folks, some of the usual suspects, mike wilsons of the world there is too much excitement, tooings? >> i'm still waiting for triple break putt call from last year. that it never happened. are beating 300 basis points the last few quarters. people are flat-footed going into the earnings season. they're is a lot of cash. performance is still up for the year. managers have to chase for year-end. we're looking for things left behind. certainly "the magnificent seven" ven will be fine a lot of stuff sold off from the bond rout. i think october 67th may have been the bottom. you look at positioning from large traders and hedge funds they're the most short bonds since october 2018. right before a very big rally. look at bonds over the last 35 years. two standard deviations oversold. if that rout is over, those are close to peaking, equity groups hit by it. utilities start to populace week. reits started to populace week. the big one is staples. because everyone is afraid of glp 1, overhype. i'm waiting for insurers to pay 14, $16,000 a year to get into a size six. charles: the ozempic

mike johnson. >> johnson. wilson of florida. wilson of florida. >> hakeem jeffries. >> jeffries. >> wilson of south carolina. >> mike johnson. >> johnson. wittman, mike johnson. >> womack. >> with the 217th pick -- >> on day 22 without a speaker and chaos in the house of representatives throughout that time, it appears now that mike johnson of louisiana is the new speaker of the house, but let me go to steve kornacki who is tracking it for us as he always does. steve, what can you tell us? >> he definitely will be the next speaker of the house. there are only a handful of votes still left to come. you see johnson now at 218. there are 220 republicans voting today in that chamber we know, so only two more to come, and the big thing is this. we've been tracking all of the republicans who voted against jim jordan at any point, all of the republicans who come from biden districts who night think that perhaps johnson is too conservative for their district, and we've tracked all of the republicans who voted present in that conference

plenty of people out reiterating or stating their cases today, including as you mentioned earlier mike wilson, who has been bearish all year. and hr denny said it is improbable the s&p 500 will recoup the 10% drop from its july peak we obviously saw at the end of last week. we are seeing a little bit of funds come out of the treasury market as well according to bond futures. we will have to see wednesday what the supply is going to be like as well as the fomc. jobs data friday as well. all of those will impact the treasury market. crude interestingly enough, $.41. $82.72. the world bank did but $100 on the table as a bit of a threat in case there is disruption. it said it could disrupt between half a million and 2 million barrels a day in a scenario where there was disruption thanks to the middle east war. >> let's look at the bank of japan. the nikkei has been reporting the boj have discussed a further tweaking of the yield curve control at the policy meeting that wraps up later today. the paper also said the bank is likely to allow further flexibility in movements. let's bring in bloomberg'

paul: effects and rates reporter mike wilson.of corporate earnings and advanced micro devices with an up a forecast for its new ai chip predicting $2 billion in sales next year. that may offset a lackluster revenue outlook that was served by slowdown in the videogame industry. it's m 300 processor is said to begin shipping in the coming weeks to compete with nvidia's products in the market for so-called ai accelerators. qualcomm is getting a bit fiscal fourth-quarter resort -- result wednesday showing the state of smartphone demand amid an industrywide glut of components. some analysts are predicting that the worst may be over, that qualcomm will start to cash in on efforts to diversify out of its core business. let's get the views of that senior analyst at counterpoint research. thank you for joining us. i want to start you off on the numbers we got from a&e. was in great. the outlook was pretty bleak as well. we saw shares beginning to sink after hours until they begin to talk about ai. what were your takeaways about amd's ai p

morgan stanley's mike wilson, he's using the opportunity for not having a particularly good quarter for stocks to once again say valuations look more ex extended today. this gets back to the heart of our conversation, nominal and real interest rates have risen amid supply and demand. >> and tom lee, who is constructive as ever on the u.s. equity markets. no doubt it's been a rough few weeks for his bullish call, he says the bottoms-up s&p forecast for q3 are rising. expected to rise 6.7% x energy improving on the 3.6% seen over the last quarter. 7 out of 11 s&p sectors expect todd show positive growth in the third quarter. he's constructive and likes the negativity. >> yeah. september didn't go his way. i think he was looking for a couple percentage points to the upside at the beginning of the month. we came in down about four. take bank of america's top picks, boeing, kraft heinz, teva, you don't see a ton of tech in there. i will add some of the tactical ideas include microsoft. >> what's so interesting is that even though the economy is softening and you see signs of this everywhere,

mike wilson, and jpmorgan, i don't know if you saw -- >> absolutely. >> it's just like your take.ative, but basically says given the move up in short-term real rates and total in terms of overall current level of real rates, the s&p 500 multiple is 2.4 times overvalued. >> yes if you did a standard, okay, real rates 2.5% or whatever, so inflation adjusted rates where does that bring us based on the historical averages? it does get you a little bit rich if you want to complain that overall index is rich, the market cap weighting results is a lot of that. top five stocks that drag the multiple from somewhere like 14 up to 17 so you can decide whether you want to agree on that curve or not. i think it's a significant challenge. to me it's all about are the yields going to really ding the economy and, therefore, earnings much more than are yields going to translate through the valuation algebra to a lower stock market to me if your earnings are growing and the economy is okay, you do -- you only have so much downside. >> i highlight things like the bank of japan. might think who cares

murph and jelly roll. [ cheering ] this week, we've got new shows guests including with mike birbiglia, john wilsona tomei, alex edelman, and mariah carey. music from madison beer, allison russell, and devon gilfillian. please join us for all that. our first guest tonight is a billionaire. tomorrow night if you're trick or treating at his house, do not settle for anything less than a hundred dollar bill. this is his new l.p. -- "the love album: off the grid." please welcome sean "diddy" combs. [ cheering ] ♪ ♪ [ applause ] >> jimmy: welcome, welcome. how you? >> what's up? [ cheering ] love to everyone. >> jimmy: you are just as diddy as ever, and you look exactly the same, always. do not age one minute. it's ridiculous. >> thank you. god is good. >> jimmy: i guess so. to you especially. oh, by the way, speaking of that, you're honored in new york. >> yes. >> jimmy: with the key to the city of new york. >> yes, yes. >> jimmy: the mayor of new york. [ cheering ] >> jimmy: now, which is great, and i'm sure exciting. >> it was a dream come true. i'm from harlem, new york. and it's like a neighborhood

but mike pence might be that guy. >> rick wilson with his zingers there, i will say.ng energy from that porch on this beautiful fall day for him. thanks, rick. appreciate it. still ahead, everybody, multiple deadly shootings across this country this weekend, as new reporting claims maine police were alerted weeks ahead about the gunman that killed 18 people. plus a live report from lebanon, as hezbollah weighs its options in the ongoing conflict with israel. up first, though. >> someone asked me the media, they said, it's curious, people are curious, what is mike johnson think about any issue under this? and i said, well, he will pick up a bible off your shelf and read it. that is my worldview. that's what i believe. >> we are going to take a deeper look at newly elected speaker mike johnson's views and how they can play into this new role. that's coming up next. 's coming up next. oh, hello! hi! do you know that every load of laundry could be worth as much as $300? really? and your clothes just keep getting more damaged the more times you wash them. downy protects fi

wilson of south carolina. johnson. wittman. johnson. womack. johnson. yakym. johnson. zinke. mr. zinke: the next speaker of the people's house, mike johnson. the clerk: johnson. the speaker pro tempore: the clerk will now call the names of the members who did not answer the first call of the roll. beyer. jeffries. boyle of pennsylvania. boyle of pennsylvania. correa. correa. gallego. jeffries. vicente gonzalez. vicente gonzalez. van orden. van orden. the speaker pro tempore: any members who did not answer the call of the roll, they may come to the well and vote at this time. the speaker pro tempore: the tellers agree in their tallies the number of votes cast is 429, of which the honorable mike johnson of the state of louisiana has received 220 votes. and the honorable hakeem jeffries of the state of new york has received 209 votes. therefore, the honorable mike johnson of the state of louisiana, having received a majority of the votes cast is duly elected speaker of the house of representatives for the 118th congress. mrff

wilson of florida. jeffries. >> it looks like mike johnson has the votes, 215. given the vacancies, it looks like mike johnson is about to become the next speaker of the house of representatives. it looks like republicans got their act together this time and mike johnson of louisiana, assuming there are no vote changes in the end, will become speaker. let's listen in. >> mike johnson. [ applause ] >> johnson. johnson. >> next speaker of the people's house. johnson. >> johnson. >> the clerk will now call the names of the members who did not answer the first call of the roll. jeffries. boyle of pennsylvania. boyle of pennsylvania. correia. gallego. jeffries. vicente gonzalez. >> clearly this is a very, very huge moment in the house of representatives. a new speaker of the house appears to have been elected unless some members decide to change their minds. the republicans clearly, in this particular case, got their act together. >> out of three weeks of chaos come very important history. a man even many republican senators knew nothing about this morning. and i wou

wilson of south johnson. wittman. johnson. womack. [cheering] johnson. yakym. johnson. zinke. >> next speaker of the people's house, mike johnson. [cheering] >> johnson. >> the clerk will now call the names of the members who did not answer the first call of the roll. >> beyer. jeffries. boyle of pennsylvania. boyle of pennsylvania. correa. correa. gallego. jeffries. vicente gonzalez. vicente gonzalez. van orden. van orden. >> any members who did not answer the call of the roll, they may come to the well and vote at this time. >> john: so there you go, and that's something we have not seen in a long time. unanimous vote for speaker of the house. mike johnson of the great state of louisiana becomes speaker elect. now just some formalities to undertake and then the speaker of the house. >> sandra: let's get right to it with chad pergram. the vote is still open, but johnson does appear to have the votes to be elected speaker, and chad, really interesting, there was a lot of hints being dropped along the way about who he is, references to his firefighter father who was critically injured in the line of duty, obviously his louisiana

wilson of south carolina. johnson. wittman. johnson. womack. johnson. yakym. johnson. zinke. mr. zinke: the next speaker of the people's house, mike johnson. the clerk: johnson. the speaker pro tempore: the clerk will now call the names of the members who did not answer the first call of the roll. beyer. jeffries. boyle of pennsylvania. boyle of pennsylvania. correa. correa. gallego. jeffries. vicente gonzalez. vicente gonzalez. van orden. van orden. the speaker pro tempore: any members who did not answer the call of the roll, they may come to the well and vote at this time. the speaker pro tempore: the tellers agree in their tallies the number of votes cast is 429, of which the honorable mike johnson of the state of louisiana has received 220 votes. and the honorable hakeem jeffries of the state of new york has received 209 votes. therefore, the honorable mike johnson of the state of louisiana, having received a majority of the votes cast is duly elected speaker of the house of representatives for the 118th congress. the chair appoints the following committee to escort the speaker elect to the chair. the the gentleman came lease, mr. emme

mike dorian, who served as senior director of the national security council during the george bush administration. he's currently a senior fellow at the hudson institute, and robin wright, a fellow at the wilsonenter and columnist at "the new yorker," thank you for being here. we have seen these attacks continue, and prime minister netanyahu has vowed a mighty vengeance. what do you think that could look like, and how is it complicated by the people hamas has kidnapped and dragged and forced into gaza? >> this is going to be a more complicated conflict than anything either israel or hamas has engaged in in their previous conflicts. this place in the past that has played out in rocket attacks from gaza, israeli air strikes, and eventually some kind of negotiated settlement by third parties, but this time, you have so many different layers to this conflict, and the reality is that israel can destroy command posts. it can disable arsenals, it can kill leaders. but the problem as it learned in lebanon against hezbollah is it's very hard to kill an idea, and the real danger is this only inflames passions and fury, and that israel can win a short-term victory, but not a long-term one, and that's th

wilson. a well-known member of the bloods. he noticed a maroon again parked in the driveway. it matched the description, of the drive by car. >> mikethis shooting. and michael is trying to hide a gun. huff sees the gunman takes the gun. ballistic test show that that was the gun, that was used to kill karen summers. >> it seemed damning. but wilson told detectives, he was hiding the gun for malcolm's friend, demarco. and he had given demarco the bullets. wilson was arrested for holding a gun. but his story lined up with what police we're hearing from two eyewitnesses, malcolm and demarco, killed karen summers. >> these witnesses said that they saw mel commit demarco there. they saw the shooting. they identified them. >> suddenly, malcolm was in almost the same situation his brother had been in three years before. and, telling a tulsa homicide detective, the exact same thing. i am innocent. >> i am like, whoever is telling you this, they are obviously mistaken. i had nothing to do with it. >> but despite the fact that no physical evidence pointed to malcolm and demarco, prosecutors believed they were the shooters. so, they cut a deal

wilson spb thank you, mr. chairman. thank you, mr. speaker. i am grateful to support this bipartisan resolution which has been offered by our chairman, mike mccaul, and ranking member greg meeks. i was born with an appreciatary of -- appreciation of the people of jewish faith my birth place of charleston -- charleston, south carolina, was at the time of the american revolution had the largest jewish population in the new world who came here to escape oppression to achieve freedom which they achieved in america. i was grateful today to be the chairman of the middle east subcommittee and co-chair of the israel caucus. seven weeks ago i met with prime minister net and yao hue who is so courageous and serving there in jerusalem. i pledged my support of israel to defend itself from a nuclear iran which also includes of course support of israel from the barbarian invasion of hamas, the pickup trucks of iran who have conducted murder, killing hundreds of persons, 1200 at least, possibly more. america's resolve i saw firsthand leading the house delegation to fulfill donald trump's opening of the u.s. embassy in jerusalem with david friedman. i urge my c

wilson: thank you, mr. speaker. what an extraordinary day that we have. the beginning of the speakership of mike johnson of louisiana. and i hope everyone will see his acceptance speech last night. they need to look at that. it was a conservative, very clear voice calling for limited government, expanded freedom, calling for reducing regulations to provide for a strong america. it's such a positive message. he promised to be with the people. he's so much with the people he's sitting on the front row. no speaker ever sat on the front row. this is another first. in addition to that, he's going to address bidenomics. the most extraordinary inflation in 40 years. the american families have lost $7,000. he's going to stop the war on fossil fuels so that we have fuels and have energy independence. he's going to be for a strong america. that is we going to deter the dictators around the world who have invaded ukraine, who have invaded israel. who threaten the people of taiwan. america will be strong. we will have a dynamic speaker. and we look forward to his leadership. again america's back on track. i

wilson spb thank you, mr. chairman. thank you, mr. speaker. i am grateful to support this bipartisan resolution which has been offered by our chairman, mike mccaul, and ranking member greg meeks. i was born with an appreciatary of -- appreciation of the people of jewish faith my birth place of charleston -- charleston, south carolina, was at the time of the american revolution had the largest jewish population in the new world who came here to escape oppression to achieve freedom which they achieved in america. i was grateful today to be the chairman of the middle east subcommittee and co-chair of the israel caucus. seven weeks ago i met with prime minister net and yao hue who is so courageous and serving there in jerusalem. i pledged my support of israel to defend itself from a nuclear iran which also includes of course support of israel from the barbarian invasion of hamas, the pickup trucks of iran who have conducted murder, killing hundreds of persons, 1200 at least, possibly more. america's resolve i saw firsthand leading the house delegation to fulfill donald trump's opening of the u.s. embassy in jerusalem with david friedman. i urge my c