Transcripts For FBC The 20240703

Is really military and masses at the border with gaza ahead of what is expected to be a ground assault. The u. S. Markets as i said very close to session highs and if you look at a life picture of gaza city you can see fires burning near continuous missile strikes have been hitting the hotbed of hamas which is a terrorist group that attacked israel saturday night. Israel retaliating after the Palestinian Militant Group reigned 3000 rockets on the southern part of the country. The terrorist multipronged assault focused on the civilian population. 260 people celebrated at a festival near the gaza strip were slaughtered. 100 israelis and we are waiting on numbers of americans. Some have been taken hostage. Of the 1300 total confirmed dead nine are americans. Israel confirms the soldiers shot two armed militants that tried to cross into israel from lebanon. Maybe we can switch pictures so everybody can see the video that weve been showing, the new warfront, this is the question is it about to crack open, we are seconds away from getting dannys camera up in tel aviv he is a former israeli ambassador to the united nations. We should mention the bond market is closed on this indigenous day holiday, the stock market is open. Earlier we were looking at subdued trade but at the moment the Dow Jones Industrial 194point, the height of the session again up to 24, this is just happened the last 45 50 minutes. We have the s p better by 28. The nasdaq of 63. You look at oil prices while theyre in the aftermarket they are higher in the jump at about 4 in the aftermarket 286. 45 for crude. The supply concerns due to the hamas attack on israel but wti and brent the Global Benchmark are at or below 88 a barrel. That is a good sign considering a week ago we were very close to 94 indicates a branch above 90 that is thanks in part that the Arab Oil Embargo 50 years ago, the u. S. Today and net exporter of oil, it does not depend on the middle east for the crude in any way shape or form close to what we used to five decades ago. Defense and aerospace are soaring. You can see everyone from General Dynamics to raytheon to lockheed martin. When you see these names, raytheon up for five or 6 this is an indication of reflection that investors are looking at the Biden Administration which declared is stand by israel. In u. S. Carriers steaming towards israel shores right now. It can only get worse as hamas threatens to begin executing hostages and unknown numbers that are american. Lets go live to tel aviv where danny danon is standing by. Hamas rockets have hit tel aviv. Can you tell us if you and your family are safe . Thank you for your concern and your prayers. We appreciate the friendship with the American People but indeed it is tough. Weve suffered a lot in the last few hours we are in deep pain. More than 1000 israelis were killed, massacred during the vicious barbaric attack on ha hamas. Her family members are now down south fighting hamas and getting ready for the Main Operation that we are getting ready to conduct an gaza and we understand today that we have no choice. The same way in the u. S. You have to fight after 9 11 with alqaeda and isis and were in a fight against evil. Isis and hamas are the same and we have committed to win the war we have no other option. We have 300,000 soldiers another getting ready to fight for our survival. Elizabeth what will the ground incursion look like, maybe thats the wrong word israel is reacting to surprise vicious blood he attack on saturday night, unprovoked and by the way targeted at civilians. If there are is really trip the massing of the border, whats going to happen. You served in the military and your father served bravely and got terribly wounded many years ago. You know how Benjamin Netanyahu thinks, tell us what you expect to happen. We are determined to fight hamas. My position we have to eliminate them, no other game surrounded no ceasefire anymore. I think we will see from the air and the sea in the land. Basically we would try to minimize the casualty of civilians and we are calling the civilians to move away from hamas headquarters and not to stay next to the militants. Its not going to be pleasant in those areas. What we are doing we send them Text Messages encouraging them to move to different parts of gaza and to be in the area that were planning to attack. We are committed to fight back. I cannot describe the picture in footage that we received in the last 48 hours. Barbaric terrorist killed innocent israelis, babies, they kidnapped more than 100 people and elderly holocaust survivor at the age of 86, with those people you do not negotiate. You have to eliminate them thats what we will do. Elizabeth what you talked about the last 48 hours, we saw play out with fox news very brave reporter trey yingst and he was at the Police Department that a been bombed and so Many Police Officers were killed and he was there i went to give our viewers a sense of coming in from gaza in the last hour and a half and then we will talk about it. This is the scene in southern israel the constant fire. Stay down guys. More rocket fire coming off the gaza strip. There firing from multiple directions and trying to get past israel Missile Defense at the iron dome. Elizabeth the iron dome is it working. Absolutely and were going to cooperate with the u. S. And that saves the lines every hour and we have a normal life in the israel and i tell you for us in israel we realize we have to stretch and fight back we have no other choice were get a deal with innovation, technology to do good sense of where but the environment that we live barbaric and force us to react. Elizabeth they shot a baby who was handcuffed according to Prime Minister Benjamin Netanyahu. They were very instrumental to craft together the Abraham Accords were israel, but by harangue, morocco and sudan were able to come together in a business relationship thats been very positive. You and i talked a year ago december, not quite a year ago that saudi arabia would be the next to strike a deal with israel and open up relations in that regard does not get put on ice because of this. I hope not we spoke about it and they told you the next goal with the saudis in the last few weeks we saw a Great Movement in that direction and we were happy about it. I think the iranians were not happy about it and their influence over hamas. What are the reasons for the vicious attack is to try to block the development and the negotiation with the saudis but we will continue to reach out to the muslims to sign more peace deals but we will fight and defeat who come against us. Elizabeth im thinking of the rain on 1976 with a storm into these airport in uganda and rescued a hundred plus hostages. Benjamin netanyahu older brother was only soldier killed and we will be watching and praying for all of israel. Thank you danny. Thank you very much be one as a Business Network christian be looking at the markets but we have our ion every single minute will keep our ion the screening give you headlines but energy is the strongest sector in the s p right now as questions were all about irans involvement in the hamas attack keep in mind the oil output 3. 15 Million Barrels per day the highest level since 2018 with reports saying it is really ground assault in gaza is imminent. We heard a confirm from danny did known. With j. P. Morgan global strategist. Lets talk about what youre seeing right now and what it is like at j. P. Morgan aventine where there is instability and outright war on the horizon. So much instability is quite frightening and you cannot discount the human component inputted tragedy at all husband. We think about it from the cold lens as an investor audibly make sense of this with the big picture when it comes to allocating our assets in their portfolios there are a couple of things were paying attention to, Energy Prices have been very much top of mine the movement that you alluded to earlier energy up today and how long that last is up for debate and relations between israel and saudi arabia are thawing then sally might not cut production as much as some may be concerned. We also think you may see net downward moves or a change on the margin at least where we are now. We dont get the extra hike later this year focusing on the indicators, the fed, Energy Prices and inflation later this week. Elizabeth the cpi for the month of september that is the Consumer Price index thats an important inflation indicator that is out thursday, ppi is out friday. How much do you see those having as they continue to watch the fed who hasnt come off of the precipice of one more rate hike. Not at all the fed has been extraordinarily resilient and committing to the narrative of keeping rates higher for longer. The hawkish provision from a couple of weeks ago reinforces the sentiment. When we look at whats going on with inflation for september. I think generally speaking it will be a better picture than what was painted back in august Energy Prices have moved up recently and down during the reference week like shelter should continue to abate. My guess headlines and core is from where they were. Progress in the right direction. Elizabeth hopefully shortly you obviously work at j. P. Morgan but banks are coming out with earnings and a couple of days, we have j. P. Morgan, city, blackrock, pnc this is the start of the earnings season. What you expecting it to you get the sense that financials will find their footing overall as we continue to watch people piled into bonds market you saw were they closed on friday the 30 year just below 5 . I think the thirdquarter earnings are going to shape up directly like thirdquarter earnings are little better than we wouldve expected, the Economic Data has been better than what we thought the consumer has been resilient and giving them credit for that is to keep margins elevated in margins rise and we expect them to rise. I think the equity market from the earnings perspective doing better than we couldve guessed at the start of the year. When it comes to financials in particular that is an interesting story we can talk about the nuance in indie secrecy is that flow into bank stocks but at the end of the day and reporting later this week, the biggest source of revenue for these companies the biggest source of earnings is net interest margins borrowing low in lending out things like mortgages and auto loans and apr on credit cards and where rates are at the moment and the stickiness of the deposit rate you docketed one or two or three basis points but a mortgage 30 fixed north of 7 that is money to be made that is the earnings story for financials. It hurts the consumers trying to buy a house. Thank you and we appreciate you coming on yet the global picture of her j. P. Morgan as we look at whats going on on the screen we want to let you know what you are seeing is fire from the retaliation after hamas attacked israel. The live picture of gaza city. As you heard from danny danon. He said the ground assault in response to rescue the hostages that hamas has taken should begin at some point relatively soon. The war directly impacting 23andme of all companies. Hackers selling data of jewish clients to the highest bidder. We have the octave ceo to tell us how his company is turning to Artificial Intelligence to fight back against hackers looking for your companys employee data, cybersecurity stocks are heavily in the stocks at this hour, heavy on the green global x10 is up 1 . The rest of the individual names up higher, cloud fair up 2. 5 , crown strike up to Winter Quarters percent, look at the scaler and upgrade from barclays with a price target of 190 a share in the claman countdown is coming right back. Stay with us. Explore endless design possibilities. To find your personal style. Endless hardie® siding colors. Textures and styles. Its possible. With james hardie™. Before planning the wedding your bad hip was really acting up. Then, you heard about mako roboticassisted hip replacement. It starts with a ct scan to pinpoint the problem. That becomes a personalized, 3d plan to guide your doctor during surgery. Mako can help lead to better outcomes, like less pain and shorter recovery times. The lifetime of a hip implant is limited, and revision surgery may be required. Individual results and recovery times vary. Risks of surgery include pain, infection, heart attack, stroke, death, and other serious risks. Ask your doctor for important safety information. To find a doctor who uses mako visit makocan. Com nice footwork. Man, youre lucky, watching live sports never used to be this easy. Now you can stream all your games like its nothing. Yes [ cheers ] yeah woho running up and down that field looks tough. Its a pitch. Get way more into what youre into when you stream on the xfinity 10g network. Heres why you should switch from chrome to duckduckgo. Duckduckgo is a browser you download to your mobile and desktop devices. Unlike chrome, the duckduckgo browser has privacy builtin. It comes with a private alternative to google search, which doesn■t spy on your searches, and it blocks cookies and creepy ads. And theres no catch. Its free. We make money from ads, but they dont follow you around. Join the millions of people taking back their privacy by downloading duckduckgo on mobile and desktop today. Elizabeth database and full of Sensitive Information from the 23andme website is circling around the dark web, the list is titled dna data of celebrities. Ashkenazi is the word for people with central or Eastern European jewish ancestry, that would include me. The hack list includes names, first and last, gender and 23 me data on the cultural background even though the title says celebrities most of the people are not famous, 23 me responded saying the actors were able to access certain accounts in instances where they had login credentials, that is usernames and passwords that were used on 23 me. Com the same used on other websites that have been previously hacked. We do not have any indication at this time that there is a Data Security incident within our systems or 23 me was the source of the account credentials used in the attacks. So often hackers have found in their stock is getting crushed it is 80 cents the last i checked. , 81 cents it is getting hit 6 . Very often we have hackers who found entry point via employee logins. Joining us in a fox business exclusive off to ceo Todd Mckinnon he provides with secure multifactor login solutions. Having nothing to do with you 23 and the issue has a lot of people worried and wondering that the database is circulating on the dark web if youre one of the users knowing what you know, what do you do what is a step that you could or should do. This is a typical thing for the world that we live in. We spent decades digitizing our business processes and consumer lives and there is a lot of valuable data for them to go after. We see the attackers go after it in a variety of ways and try to get into every little crack and crevice that they cant exploit us and uses data to the benefit. In this case it is interesting. Typically people go after employee credentials, this is actually after consumer credentials from consumer facing. A octet we help customers secure both, employee identities and contractors in customer identity. The customers of our customers and they will have the mobile apps, this can be exploited and its important for the customers to have Strong Security policies, lockdown with mul multiidentification. And all those robust against these attacks. Elizabeth todd that is very much a problem, we are vulnerable through our employees, companies would say they will click on something that is completely normal and it turned out to be a phishing attack or some type of virus that goes in there. It is the hackers that have gotten incredibly smart. What are you telling big enterprise ceos now. The main thing needed a comprehensive solution that covers all of the applications and infrastructure. Attackers go after the weakest link. And if you tried to standardize on one monolithic platform was discovered all your bases you have more risk of attack. Our message is about supporting a broad ecosystem in integrating to everything and not locking our customers into one application stack and more specifically one security stack we believe in choice and freedom and thats the only way to cover the vulnerabilities and keep the customers most secure. Elizabeth last month mgm and caesar fell victim to hacking groups. How does Something Like that happen as you guys are solid. Fox sees the multifactor identification and it could really hammer an entire business. Obviously mgm and caesars had people locked out of their hotel rooms, what do you know from that having been there person who is working with the company on the platform. You can imagine were working very closely as the Incident Response unfolds and not getting too much into the specifics of the specific cases, these are cases of social engineering outside of the realm of the normal credential flow or login flow. These are people calling in and pretending that there is systems administrator or employee and using social engineering to trick the support desk or health desk to reset credentials in a way that should not happen. Its incumbent on the way to do a better job to help companies against us so we can build better ecosystems together to extend the controls of identity systems to all parts of the process and not only logging in every day but getting your account reset. That is the path forward the broad ecosystem of cybersecurity folks working together to prevent these things from happening. Elizabeth Todd Mckinnon of o okta. The stock has been a winner all year long. And activist who finished his business at disney is back atem disney. Agitating once again, we have the storu y next. Nging] and on Car Insurance with liberty mutual. he hits his mark center stage and is crushed by a baby grand piano. Are you replacing me . With this guy . Customize and save with liberty bibberty. 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Elizabeth fox business alert dow jones is reporting three Airlines American airlines, delta and united are among the most mentioned companies in the u. S. Across all news items in the last 12 hours that is according to the fact table data. Airlines are down from 4 more than 5 . Major airline suspending flights after the attacks on israel yet to jump in oil prices that is pressuring the stocks because they have to hedge jet fuel getting more expensive as we watch as the faa says pilot should exercise extreme caution in israeli airspace, these three are not going anywhere near there for now theyve canceled the flight investors hitting the brakes on tesla after ed maker said sales in china decreased 11 yearoveryear for the month of september the stock had been down its reversed and slightly up, let me amend that it is up 10 cents 260. 58, comes a week after tesla announced the Third Quarter did enter deliveries dip from the previous quarter due to downtime for factory upgrades. Wayfair lower by 6 after wedbush cut the price target from 100 down to 80 with that 5357 due to softer demand and the environment around at the Brokerage Firm says rising gasoline and Interest Rates are taking a bite of the Consumer Spending which means home goods wayfair sales might sit on the shelves of law longer. Which did maintain our performance rating. Activist announcer nelson peltz his shortlived role as disney agitator acquiring more disney shares bringing the value of its stake in the mouse house to to an applicant others. It is expected to request multiple seats on the board including one for nelson peltz he attempted to get a seat on disneys board earlier this year after the privately rebuffed his request to become a director, he withdrew his nomination in february after disney unveiled the organization a costcutting plan that sent the stock up but its been down since them in today with the news that nelson peltz is back in or ready to agitate is up 2 . A week after writers picked up the pins again the actors are back at the negotiating table with the studios. How much longer can the hollywood strike go one. Billionaire haircare products turned tinsel to as a whole host of content he wants to produce. He is waiting on this. He is next on the claman countdown. Closing bell 27 minutes away, down industrial 174point whether market much more comfortably above the flat line that they were earlier. S p of 26, nasdaq better by 50 cents. woman what if my type 2 diabetes takes over . What if all i do isnt enough . Or what if i can do diabetes differently . vo now you can with onceweekly mounjaro. Mounjaro helps your body. Regulate blood sugar. And mounjaro. Can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7 . Plus people taking mounjaro. Lost up to 25 pounds. Mounjaro is not. For people with type 1 diabetes or children. Dont take mounjaro if youre allergic to it,. 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We have the Saudi Crown Prince also telling the palestinian president that the kingdom will continue its support of palestinians. No word on what the support would look like but Prime Minister Benjamin Netanyahu said the aerosol that israel has been launching in response to the hamas attack is only the beginning. We breaking news back in the u. S. General motors announced its going to lay off 200 additional workers due to the impact of the uaw strike at the big three, gm shares have turned positive up a third of 8 to 31 in change this is pretty because volvo stock is down 1. 5 . The owner of mack trucks in a union battle as they have a new contract and voted to strike starting today the uaw workers say 4000 workers walked out this morning to join the picket line with the detroit big three members in the fourth week the auto strike exceeds 30000 across 32 states. Then we have the labor dispute leaders of the sag actor actors union are back at the negotiation table with major studios to cut a deal. Yet hollywood actors wrapping up their first week of negotiations since the strike began three months ago the picket lines have obtained since a reddish trickster could deal with the studios last month with no talent onset where does production scan jointed is now billionaire entrepreneur and Film Producer of sound of freedom chloe and theo kiss the ground and the actor you dont mess with his ohana is john paul mitchell, john paul dejoria. A very busy career but tackle the sag aftra still ongoing. Tell me what you hear you a lot of project she would love to see get off the ground. What you which is quite obvious in the last several months a lot of people. The regular actors live month to month or week to week and they are hurting a lot are hurting really think whats going to happen for my input this will be settled and what took place with the writer strike and they got 75 of what they were asking for and they did get something but not quite all of it but most of it in the same thing with the actors strike, the good part of what they want maybe not all of it but thats what negotiations are about get back into business again i dont think its much longer is hurting the studios but not just the studios and actors and everyone else in the industry everyone supports them the Delivery Companies in the restaurants indicators is hurting everybody in the speaker next week of the latest adobe settle. My input has been for people in the industry that feel the same way. Elizabeth you do film and documentary that is getting a lot of buzz Common Ground about regenerative farming dont let your design believable there is drama and hope in a very sad story about a lot of farmers were losing their farms its an easy way losing Common Ground about how to hold on to regenerative farming, why did this project attract your money, none that you will get back because it was a nonprofit. That is 100 correct, god has blessed me and i been very successful financially other than a good healthy person. You gotta get back, right now farmers that are the backbone of america need help. By exposing to everybody you dont need to do with the Big Companies are doing with gmos. You could get into farming into the regenerative farming and by doing it that way you dont need the terrible things that the Chemical Companies give you that pollute the soil and food but its a way to eliminate debt for the farmers get the more profitability and stay in business and not have to sell the farms but to produce better quality food for all of america its one that had to be shown to myself and others and all the money that was necessary were getting an approved to schools throughout the United States and i just wrote another check to make sure that that happens. And pushing up against you on the agroChemical Companies, many are public traded little want to see this william. You are pretty tough guy you been homeless and penniless and you fight your way to a billionaire status what would you say to them. What i would say is this your more profitable if you do it, its better for the people and the customers will love you more other than selling chemicals which could be postop because you cant sell as many as you are now regular farmers you will be more profitable the big farming communities even though part of them are owned by major companies. Take a look at the change, people are not going to buy your goods good to be looking for goods made by people in the regenerative farming and its better for america and people today are smart though not as easily led whether politically or businesswise they are smart when they see the truth about something that is how we got it out just like we said the truth about something the movie of freedom, center freedom and three years and it talked about child trafficking once people thought they told other friends about it people know whats going on and have truth and not believing everything that everybody says with no disrespect to the media sometimes things come across various media groups they are quite the truth but when people see whats going on they see the action thats been taken in the end result is going to be for everybody in the big pharmas, big pharma Chemical Companies come up with a better, theyre not going to hurt the longevity or the earth, over 60 of the earths ground is fertile and all the farming and the tilling, all the things that are doing that are wrong. You make it a bigger crop but your hurting the land which makes if you only have 60 to 20 of the yield you just lost 20 because you lost the other 40 unless people see the truth and take action. We need more of that. Elizabeth no downside to regenerative farming except for some chemical makers. John paul wonderful to see you. Thank you so much. That is called Common Ground if you get to see it itll be in select theaters industry been as well. Good to see you. Was a pleasure. There is a riff growing in washington, d. C. Matches between republicans and democrats nonpartisan members are also feeling the tension, charlie is about to break that next. Closing bell 30 minutes away resolve the dow gaining by 140 points, off the earlier highs, the dow had been up to into 24 points, were coming right back. The day you get your clearchoice dental implants makes every day. A lets dig in day. Mm. A chow down day. A take a big bite day. A perfectly delicious day. Mm. [ chuckles ]. 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Yes [ cheers ] yeah woho running up and down that field looks tough. Its a pitch. Get way more into what youre into when you stream on the xfinity 10g network. Liz fox business alert, the vote here in the u. S. Supposed to be this coming wednesday for new speaker of the house taking on added urgency after palestinian terrorists attacked israel saturday night slaughtering hundreds of civilians but the tension between democrats and republicans not helping the situation. It is causing a rift even amid Nonpartisan Groups like no labels. Charlie . People say it is impacting the market in different ways, 10year bond, things of that nature. Youre seeing wall Street Research saying lots of instability causing causing tha. Now you would think, sort of place of stability would be the no labels group. Right now that is a bipartisan, Nonpartisan Group that will field possibly two, Vice President , president , third party run in 2024. It also has connections with other congressman. This guy Josh Gottheimer is one of them, new jersey democrats. I wrote an interesting story that said no labels had some political issues, that there were riffs after the mccarthy vote. Mccarthy was seen as a bipartisan guy and republicans on no labels were attacking the democrats on no labels for voting for his ouster. One of those was Josh Gottheimer i would point out. We had several conversations with people, gottheimer him self got on the phone, tried to distance himself from no labels. It was oddest thing. Liz how so. They were saying gottheimers caucus, problemsolvers caucus is not affiliated with no labels. It is all over no labels website. Has been written about for years. Here is the upshot, no labels is coming under lot of attack by democrats. Gottheimer wants to run as a democrat governor in new jersey for 2025. This group will fall apart. It cannot stand as having Josh Gottheimer as a main participant and democrats really believe if no labels runs somebody that will equal defeat for joe biden. That is how this thing is starting to come apart. I think it came apart a little bit in the call last week i reported exclusively on the claman countdown. 700 no labels people, donors were on the call, essentially pointing fingers at each other who is to blame over the mccarthy ouster, and how so Many Democrats affiliated with no labels voted to get rid of him. If democrats affiliated with no labels to get rid of mcthink there is no labels. Liz junior announced on independent line. Liz all these names come out. No labels was key, because it got money, it had a lot of, it got a lot of good press. It looks like right now theyre coming apart at the seams. It is really keep an eye on this situation. This is something that in the Democratic Party, if you dont have Democratic Party no labels people from the dems, there is no group and im telling you the conversations i had this weekend were amazing on this. Liz interesting. I want to say hearts to out, my prayers go out to my people in israel. I have family over there. I just got word, theyre okay. Theyre hunkering down but i dont think americans listen, the pitches were running on air are pretty frightening. Trey yingst of fox news . He is doing an amazing job. To be there, based on what im getting is harrowing. Talking about the, Something Like the london blitz back in world war ii. Liz and surrounded . Yeah. Liz west bank, gaza strip, golan heights, jordan. There is a tentative peace with jordan certainly but its very, very upsetting. Very. Liz so i agree. Good luck to your family. Okay. Liz charlie gasparino. Tomorrow, by the way 2024 president ial candidate Vivek Ramaswamy will join us live. Please do not miss this. We will ask him about the speaker of the house debacle going on right now. Israeli situation. He made controversial comments about israel. Well get him on the record about that, so much more. We told you earlier Big Bank Earnings were kicking off this morning with jpmorgan, citi, blackrock, all of them are moving higher right now. Following wednesday well hear from Morgan Stanley. Our countdown closer just added Morgan Stanley to his buy list ahead of the results. Lets bring him in for the details. Infrastructure Capital Management ceo and cio jay hatfield. Why morgan . Really Morgan Stanley is fairly unique in that it is a Money Center Bank so they hedge Interest Rate risk well. They hedge it like a trading book so theyre not a longterm investor but more importantly they have good exposure to Investment Banking and i think what most investors dont realize, not necessarily relevant to this quarter but Investment Banking picked up, future it benefits other parts of the firm, benefits sales and trading, benefits Wealth Management because there is offerings through the retail side so were optimistic about earnings next year because we think the market will come kahn after the fed stops hiking. And m a. Liz jack manley was just sitting in that chair. He is from jpmorgan. He said the banks are positioned for earnings as Interest Rates good up, they can charge more for mortgages the they have that profit. You have more where supposedly high Interest Rates help the bank. Talk about the Federal Reserve and high Interest Rates. Janet yellen says she doesnt see any dislocations because of such high bond yields. Do you . This is a risk. The housing sector is what causes recession. If we get over 8 i think that will be a problem. We are bullish about the bond market and were shocked people are not focusing on europe. It is really imploding with a capitalism. Dropping at 3. 6. Theyre going into deep recession. We think that will take pressure off bonds. Liz pressure off bonds but with the twoyear at 2. 08 . Tbills, six months to 12 months look so attractive if youre waiting out any perceived storm. Markets are in the green. At a time we have major exogenous events like israeli war and hamas attacking israel what do you see as a better option between now and the end of the year, equities or bonds . Definitely equities if were correct about the bond market rallying ironically. Equities also are Long Duration assets. They will actually rally more particularly high beta stocks like the tech stocks. So were bullish about tex. They will beat bonds. We think both are good investment. Everybody should set the appropriate risk tolerance between fixed income. Were optimistic, not wishing europe poorly but it makes since they have very high or tight Monetary Policy they dont have advantage of u. S. , low energy costs, resill went housing market, infrastructure spending. Theyre in deep recession with no signs coming out of it. Liz we look better, the u. S. Looks better as you point out. Jay, good to see you. Thank you very much. The dow, s p and nasdaq have really made a good run for the green here. [closing bell rings] look to end the dow up 194, s p up 26, nasdaq up 50. Second positive day in a row positive for all three indices. Vivek ramaswamy on the countdown tuesday. Larry welcome to kudlow, im larry kudlow. Prime minister netanyahu will take unprecedented to clean out the barbaric hamas militants