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Thats whats been really painful. Its just continuing to watch people think its okay to bomb a hospital where children you know, whats so hard sometimes is watching and people telling the kids dont cry. President biden not all of america is with you on this one and you need to understand that. We are literally watching people perform genocide and killing like this and we still stand by and say nothing. Maria shes firing up the crowd. Tiana, i know youre out with a new piece for the Washington Examiner titled if you ran with hamas hospital lie, never again complain about fake news. Tell us more. I mean, for the entire Trump Administration we were told that a dangerous thing in society was disinformation, Corporate Media outlets developed disinformation, the fbi countered the hunter biden laptop story in the name of disinformation, dhs opened up about disinformation. The idea that israel would wait more than 10 days before launching a ground assault into gaza, just so that way innocent Palestinian Civilians could be evacuated, then they would bomb a hospital . It never made sense. Lets not forget the forensic evidence, not only the relief called between hamas operatives saying the rocket fell into the hospital, hamas announcing 10 minutes before the launch they were going to send out a bomb, and yet everyone ran with it anyway. Goes to show where the priors are, not outright j genocideal it shows what her henned goal for the jews is, she has a final solution. Maria this fired up the demonstrators. Demonstrators, more than 300 pro palestinian demonstrators were arrested at the capitol yesterday. The group swarmed the rotunda, demanding a cease fire between israel and hamas. Three people were charged with assaulting a police officer. January 6th, right,. Ive been informed that i could get 22 years in prison. Definitely an insurrection. I want to shout out the new york post. This cover explains exactly what Rashida Tlaib did yesterday on the steps of the capitol. That a was blood libel. She is going to get people killed. She is blaming israel for killing innocent human beings. That is going to whip up anger and fervor against the jewish people more than it already is. And shes doing it deliberately. She knows that she is spreading a lie and yet her tweet blaming israel for the hospital bombing is still up and she has not apologized for it. She has not said oh, no, im sorry. And in fact, she ignored all questions from the press yesterday as she was leaving when they asked her what is your evidence, why havent you retracted this . She knows what she is doing and it is blood libel. It shows how much the palestinian cause in the abstract is about genocide of the jews in practice. If you care about the palestinian people, hamas is the number one assailant of the palestinian people, theyre responsible for the innocent palestinian children who through no fault of their own have been living in a third world hell hole and theyre the ones who are being barricaded in hospitals and civilian infrastructure on top of weapons stockpiles. Maria did you see how they were man handling babies and children at the start of this war . Its horrific. Maria the pictures be, it was so hard to watch the pictures of the babies online. Thats obviously the babies of israel, now theyre likely several hundred potentially babies in the hospital as well and hamas just has a track record of using civilian as human shields. We know that. They hide behind them, they have bunkers underneath hospitals, thats what they do. But as far as Rashida Tlaib goes, look, its one thing to run with a narrative. Its another to stand by that narrative when there is mounting evidence that proves that the opposite is true. Weve seen the videos of hamas making bombs out of water pipes. Maria thats why they dont have clean water. You need water pipes. Weve seen that. We saul the video where the rocket goes up into the sky and turns around. It comes back towards the hospital. Weve seen all the evidence. She will not admit that she was wrong. Apologize, and get on the right side of the equation. Maria shes firing up all of these people who are you know what, democrats, you own this. Maria yeah. Those are your party members. I have yet to see a single democrat in Congress Call out aoc, tlaib, ilhan omar, for supporting hamas, openly, for spreading lies about israel. You own this and you need to do something about it. John fetterman of all people, hes happy to go after menendez for being an alleged egyptian agent but hes calling out saying theyre members of our party who are being pronazi and were seeing synagogue attacks, the longer you continue to feed in the fair i narrative, its te hospital feed into the narrative. Biden looks like a shmuck traveling halfway around the world and gets stood up by the king of jordan. Maria he still had his whole goal achieved and that is to slow down the israelis from their ground offensive, dont you think. They bought time. Thats what blinken wanted, why he called in biden because they wanted to buy more time. But whats the plan . Somethings got to give. Youve got to get egypt to open up the crossing. If they dont, israel will start the Bombing Campaign while civilians are in there and they they will be fully justified. Maria were watching markets as well, theyre moving ahead of a busy morning of earnings and economic data. We have the word on wall street panel coming up. Dont miss that. Youre watching mornings with maria live on fox business. Well be right back. Hi, im stacey, and ive lost 60 pounds on golo. guitar music i decided to try golo when i had an International Flight coming up, and i realized i couldnt fly being the size that i was. My sisterinlaw tried golo and had lost 50 pounds, so i thought id give golo a try. I didnt expect the results i got on golo. I was hopeful, but i did not expect it to be like this. Golo just makes sense. This plan works. announcer change your life at golo. Com. Thats golo. Com. Ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. Maria welcome back. Time for to the word on wall street. Top investor hes watching your money. Joining me is ceo al lord. Also withs us mark tepper. Thanks very much for joining the conversation. Al, good to see you. Mark, lets take a look at futures, mixed story as Interest Rates spike dow industrials down 10, nasdaq up 21, but were all watching earnings. Tesla reported a double miss last night, ceo elon musk warning the electric Vehicle Company could face enormous challenges ahead expressing caution about the state of the global economy, shares of netflix are higher, take a look at that move, 12 higher, it beat profit expectations last night, said its seeing a surge in subscriber growth of nearly 9 million during the quarter. Netflix cracked down on password sharing as well. Mark, your thoughts on these earnings. When you look at tesla, my biggest take away is the consumer is very price conscious, theyre scaling back on big particular the et item purchases. Weve seen that across the board whether you look at amazons prime day or you look at target or walmarts earnings, we continue to see a consumer that is tightening their belt buckle. When it comes to tesla, tesla has been an outperformer, i shouldnt say always, over the last several years theyve been an outperformer, they seem to be able to overdeliver. This is the first time they fell short. They really struggled here. And theres really no legitimate competition in the ev space right now. So what does that say about evs overall . Price cuts work to a certain extent and then theyre no longer effective and thats what youre seeing with tesla. With netflix, i really was assuming that they were going to overdeliver. When you look at netflix, one of the biggest criticisms of netflix over the last several years has been their content spend. We know the writers and actors have been on strike. There was no content to buy. Netflixs strategy over the past quarter was to utilize recycled content. They roll out suits. Suits is a show that came out i believe in 2011. They rolled that out in the middle of 2023 and a it broke streaming records which goes to show that netflix has customers that are loyal enough to stick with them and binge watch something thats already 12 years old. Thats pretty impressive. The password sharing has worked for them so far, kind of cracking down on that. Obviously theyre able to increase prices which means they have Pricing Power so kind of a tale of two different stocks. Maria what about overall earnings, though . I mean, look, were looking at mortgage rates, looking at Interest Rates spike today. Look at where the 10 year is. Heres the 30 year mortgage at 7. 7 . The 10 year and 30 year treasury yields hitting 16 year highs. Were looking at at yields move higher. I want to get your take in a minute, mark, about the impact on earnings. But whats the impact on the macro story, al . Its getting worse. And so the 30 year mortgage yesterday had hit 8 . Thats the highest since 2000. Maria were not going to see 3 again for a long time. No, were not going to see 4 for a long time. Unfortunately. Housing affordability is at the lowest ever. Or since theyve been recording it. Index of 91. 7. Its painful, its getting worse. The michigan survey, 62 say now is not the right time to buy a home. Thats the lowest since 1982. Its getting much worse for real estate. Maria i mean, people are walking away from mortgages. They just are figuring out that Monthly Payments will be much more than they thought, theyre walkiwalking away. What a does this mean for the overall story. Are you expecting recession . Definitely. You can see it from housing permits and housing starts. Its been strong over the last several years but its getting weaker. And you can see it from obviously, theres still a housing shortage and so the overall home sales were down 15 year over year. But apartments have been the beneficiary. But given where Interest Rates are and given supply chain issues and cost of construction, new families, multifamily starts are down 31 year over year. The month previously they were down 40 year over year. Maria wow. Its going to make it much worse for the future. Maria people are pushing out expectations for recession, he though. Now its talking people are talking about next year. The journal did a piece that the expectations for recession are going down but youre still feeling like the impact of higher rates will take effect. Definitely. Maria what about on earnings, mark . Yeah, without a doubt. And not to mention the fact that Stephanie Pomboy covered this quite a bit. You have all this corporate debt that has to be refinanced as well and thats going to continue to erode earnings, its going to continue to erode margins. Thats certainly a problem. You have a consumer who is continuing to weaken and it will be really interesting tomorrow American Express comes out. That will give us a good read on the high end consumer. Capital one normally gives us a good read on lower income consumers. But it will be ring to see what the will be interesting to see what chargeoff and therein question and answer rates are delinquency rates are at American Express. Youre seeing a consumer over their skis with regard to spending right now. You haveen mo enormous levels of consumer debt, Interest Rates are going higher and you have this erroneous reason scy bias shortterm memory, where all they think is normal is zero be percent fed funds rate, quantitative easing is normal, deficit spending is normal. Its not normal. We are in the process of kind of unwinding that mess that weve created and there is going to be a new normal over the course of the next decade and beyond. Its going to be higher rates and its going to be free debt is no longer available. Maria what does that mean for markets . Markets up yeartodate. Look at the nasdaq, up almost 30 . Its wild. You know, again, its really being led by the magnificent seven as its now been coined, right . The equal weight index is not doing nearly as well. So its interesting because maria, you talked about the recession and it keeps getting pushed back. This is the most widely predicted recession that may never happen. You know . But if you came in to this year into 2023 positioned for the recession that everyone knew was coming, youve gotten your face ripped off this year. Maria yeah. Likewise, i think if you go into next year overly confident, overly aggressive, i think you may get your face ripped off next year. I do believe a recession is coming. Maria yeah. I think the consumer is going to wake up and realize, you know what, today is judgment day, at some point in time i have to pay the pier piper, i cannot longer get a new credit card to pay the last credit cards balance. Maria do you sell into stocks here . I do. I said that last month and i agree. Part of the issue is almost half the economy hasnt been affected by the rising rates because a third of the economy is the government. The government keeps hiring people. The government keeps growing. We keep spending money. We have another 18 thats healthcare and healthcare keeps growing. So its the other half of the economy thats affected berates is slowinging overall, the stock market performed well but the outlook is not good. Maria we will leave it there. Al, good to see you. Mark youre sticking with us. Rewere grateful. Thank you so much. Stick with us. At ameriprise financial, our advice is personalized, based on your goals, whatever they may be. All that planning has paid off. Looks like you can make this work. We can make this work. And the feeling of confidence that comes from our advice . I can make this work. That seems to be universal. I can make this work. I can make this work. No wonder more than 9 out of 10 clients are likely to recommend us. 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Maria welcome back. President biden will a address the nation tonight from washington after returning from his israel trip. During that trip back to washington, the president commented on the gaza hospital blast, telling reporters that palestinians have to, quote, learn how to shoot straight. Watch this. Im not suggesting that hamas deliberately did it either. Its that old thing, youve got to learn how to shoot straight. Its not the first time hamas launched something that didnt function very well. So i dont know all the detail. I do know the people at the Defense Department who i respect and Intelligence Community who i respect, think its highly improbable that israel did it joining me now, senator markwayne mullin. Thank you very much for being here. What a did you make of bidens comment there, palestinians need to learn how to shoot straight . I think he got the same information we received too yesterday in a classified briefing. I think its pretty obvious that israel didnt do this. It was delivered from someone else. I cant really say who it is because it was classified that we received. Its not hard, maria, to check to see where the launch is from a missile and it was obviously didnt come from an air strike. We have Defense Systems that shoot down missiles when theyre shot in and we can track them when theyre shot out too so it was almost immediate that we knew israel didnt do it. Maria i thought the comment was so cavalier. I agree with that. Maria come on. It was more tongue in cheek. I think he was trying to be funny. We learned that biden is not funny. Maria how many people are dead . Thousands are dead right now. You have protesters all over the place over this and you know anyway, the president also announced the governments going to provide 100 million in humanitarian aid for palestinians in gaza and the west bank. The president acknowledged that its possible that hurricane possible that hamas couldget th. If the hamas confiscates it or doesnt let it get through, its going to end because were not going to send humanitarian aid to hamas. Maria since 2021, the administration has given more than 1 billion in aid to the palestinians. Why are they now acknowledging that hamas could be confiscating the money, senator . This wasnt brought by the senate or the house. This was new to us. Last time i checked, we control the Purse Strings. If we cant guarantee where the money is going to go, we shouldnt be sending it especially to a hostile nation right now. Im sorry, but i he say a i a hostile group. Hamas cant be trusted. We know irans has their hands in it. The palestinians are obviously protesting loudly against this and may be providing support for it and so this is t this isnt the time that we should be aiding our enemies and hamas is definitely the enemy that we have, theyre protesting, iran is coming after us saying this is all of our fault, that they a we are the one thats started this. Why would we be providing aid to them at all . Doesnt make any sense to me. You cant buy friends. You cant buy loyalty. Maria kaley. Congressman, you make an important point that congress ultimately holds the Purse Strings over this money. So what are you and your colleagues going to do about it if theres a big debacle in the house right now. What can you as senators do about holding the Biden Administration accountable . Well, the first we heard about it was same time you heard about it, during the press conference. Were having a meeting this morning at 9 30 and the senate armed services, im sure this conversation is going to be brought up. Well be having also a republicans will be meeting today at 12 30, this will definitely this is already put on the agenda. I cant tell you exactly what were going to be able to do but we theres process heses that were going to do to try to pull this from the monies thats appropriated. The executive branch does have leeway in money thats already been appropriated to them. And that they can use, 100 million is a lot of money. But they probably have it within their budget to go around congress and do it without our consent. Maria its not a lot of money for each person, talking about a million people, 100 each. Right. Maria the Senate Holding a confirmation hearing for bidens pick for the israel ambassador. Republicans were concerned about jack lew and past work with the Obama Administration and his lead negotiating for the iran policy, senator. Your thoughts . I think this is a slap in the face to israel. Jack lew worked against the Trump Administration the entire time that trump was in office when he was getting out of this Disastrous Nuclear Deal with iran, jack lew was working with iran trying to figure out how to move their money around sanctionses. Jack lew when he was secretary of treasury lied to congress and signed a special permit to transfer 5. 7 trillion or billion dollars, 5. 7 billion into iran assets to allow you them to start the negotiating when he was underneath the Obama Administration. He is not someone that should be put in place as an ambassador to israel when irans the one that is running the proxy war with hamas and hezbollah right now against israel. Maria i mean, its just incredible to me that this is the person they choose after knowing that theyve been appeasing iran from day one, and the moneys going to support terrorists. Youre seeing it the way tthat normal American People see it. You have an administration thats blind and deaf to whats happening around the world. This is why appeasement doesnt work with policies. You need peace through strength. This administration a is all about appeasing, trying to show equality, not picking the right person for the right job. Maria well, what about the house y affairs, the householdig another speaker vote today, jim jordan hoping to win over gop holdouts after losing support for yesterdays vote. Yo. Tell us about this. You have the crazy eight that ousted our speaker, Kevin Mccarthy, with no contingency plans, it put us in disarray. We allowed biden to take the lead and try to show when we know his administration isnt about strength. The squad is condemning israel and promoting hamas and palestinians, having a flag outside their office. Theyre speaking out against one of our strongest allies. We should have a resolution on the house floor to silence them about it and instead we cant because were in a disa array because of this crazy eight that decided to put the American People behind their own personal gain and we need a speaker put in place right now. Maria how reckless jim jordan is great. Maria how reckless was it to have Kevin Mccarthy to step down with no plan in place. Shouldnt he have stayed in place until they named the next speaker. This wasnt on Kevin Mccarthy. Maria i know. But it was reckless. It wasnt his i mean maria i know it wasnt on him. This was absolutely reckless on matt gaetz, on leading this selfpromotion for himself instead of the country. This was nothing about policy. This was nothing about principle. This had something to do with matt gaetz wanting to promote himself and he literally put us in disarray at a time when we should be united as not just a country but definitely as republicans, standing up against the squad and their buysas towards israel. Maria bias towards israel. Maria well be watching all of that. Thank you very much for being here. Quick break and then the rise of artificial intelligence, my next guest testified on what americas a. I. Strategy and oversight should look like, former chief Technology Officer of the United States and former undersecretary of defense, michael krazios is here. Stay with us. This she■s a hero moment. Even today, only a quarter of stem graduates are women. Theyd go, oh, you dont look like an engineer. There is this preconception. Some things are for boys. But diversity drives innovation. My goal is to really flip the script. Pick something that you love and go for it. How do we live in space . How do we live on the moon . I want to help figure that out. You can create the blueprint. If you can see her, you can be her. Wayfair, youve got just what i need wayday wayfairs big sale is coming back get bedroom furniture up to 60 off. Area rugs up to 80 off. Kitchen and Dining Furniture up to 60 off. And Free Shipping on everything save big this way day, october 25th and 26th. Wayfair, youve got just what i need cheryl welcome back many im cheryl casone. The House Select Committee on china wants more information about sequoias investment into a. I. , Quantum Computing Companies in china, called out investments and several startups alleging they are problematic publicly known partnerships, sequoia acknowledged they received the letter many. Theyre reviewing it. Several other firms have been under the microscope from the committee. The founder of the popular cosmetics brand facing a boycott after she declared she didnt want blood money from israeli customers. The influencer making the comment while celebrating the her birthday in dubai. The makeup brand is popular in part because theres kardashians appearance in social media. One user said you chose gaza. Its a shame because we buy a lot. Finally, this. Former tec texas ranger star sporting a team israel jersey as he threw out the first pitch last night. He is a dual american israeli citizen, represented israel on the world stage number of times, most recently as manager of israels 2023 world baseball classic squad. He is currently a special assistant to the rangers gm told the Dallas Morning News last week, quote, i stand in l solidarity with the people of israel especially the idf who are fighting to defend the country and its people. I know people who have been recalled to service and pray for their safety. And their familys peace of mind daily. Rangers end up falling to the houston astros, 85. Talk of world series, here we go. Theres markets as you can see. Weve got red arrows, dow down 53, nasdaq down almost 2, s p down 8. We shall see how the day plays out. Jerome powell is speaking at the Economic Club at noon. Well see what happens. Maria thank you, cheryl. The house science, space and Technology Committee holding a hearing on the quote foundations for effective Risk Management of artificial intelligence, scale a. I. Managing director and former chief technology of the u. S. Michael kratsios testified on what americas a. I. Strategy and oversight should look like. Watch. I truly believe that the United States can and must maintain expand Global Leadership in artificial intelligence. American leadership in a. I. Is crucial for maintaining economic and National Security of the United States. Maria Michael Kratsios joins us right now. Michael, good to see you. Thanks very much be. Your Company Scale a. I. Delivers Training Data for a. I. Applications. Tell us where you believe the u. S. Es is right now on this race to dominate a. I. Great to see you. Good morning. I currently believe the u. S. Is still leading the world in cutting edge artificial intelligence. The question is, can we maintain this leadership and what steps must we take as a government and country to make sure we maintain this leadership commission. Thats what we talked about at the hearing yesterday, how can we put in the right Regulatory Regime in place to ensure we continue to innovate in the country while also developing safe secure and trustworthy a. I. Maria the Biden Administration has been coming up with rules in terms of buying and importing technology from china and i know hes putting limits in there in terms of what we can export to china. But its very narrow and it doesnt take effect for a year and i dont know that it even addresses a. I. You. Whats your take on current policy with regard to winning this race . Yeah, i think theres a couple things. Domestic, we want to ensure we continue to fuel Innovation Ecosystem by supporting research and development, supporting our workforce, and thats be developing regulations which can smartly allow for innovation to happen. And i think one thing we saw at the hearing cred, theres actual hearing yesterday, theres actually bipartisan agreement that the best path forward is a sector specific use based risk based approach to regulation. Some people on the hill have testified bar, theres some pockets within congress that believe we need a new sort of a. I. Agency that will try to regulate this for every type of use case. It was comforting yesterday to see that that a was not really what the committee was going towards. With regard to china we have to think carefully how to ensure our best technology isnt ultimately stolen or taken and used for nefarious purposes by the ccp. I was somewhat comforted to see earlier this week the Biden Administration expanded the export controls on certain cutting edge chips. The key thing is, weve got to stay vigilant on this. The last time we did a set of export controls, a few days later a ch major chip manufactur bytedance bought billions of dollars. Maria the u. K. Hosting the first global a. I. Safety summit next month, Vice President Kamala Harris is expected to represent the u. S. There at that summit. China also is going to attend. Meanwhile, the five eyes countries, intell jens chiefs are accusing china of using a. I. For hacking and spying on other countries, the Intelligence Network involves the u. S. , britain, canada, australia and new zealand. What are your thoughts on china hacking in and using a. I. Against the u. S. And others . Yeah, i mean, no one should be surprised that the ccp is doing this. They will continue to do this. I think what is surprising is that we as a western set of democracies believe that representatives from the ccp have a place at the table when it comes to some of these a. I. Safety issues. When i was in the white house earlier in the Trump Administration, in 2019 there was an effort by the g20 to try to bring together the nations on a he set of a. I. Principles. China sat at the table, agreed to the principles and years later theyre promulgating regulations which are everything and more when it comes to authoritarianism. So its very challenging to believe or its hard to believe how you can see them as a credible negotiating partner on some of these major global a. I. Issues. Maria kaley. You touched on this issue a little bit earlier when you mentioned the fact that a. I. Technology is heavily dependent on Semiconductor Chips and this is sort of the looming factor here is that our supply chain for this technology is almost completely dependent on other countries like taiwan which is facing its own threat from china at this point. So how does that economic dependence factor into our regulation and development of this technology . Yeah, the key thing we have to do is continue to build he domestic capacity for leading edge chips, we made some effort with b bipartisan chips act. Its five years until you get something out of the fabs. Its important we remain vigilant and find ways around the world to source chips. We need to continue to push the pedal to the metal when it comes to export controls and in a world of cutting edge a. I. , the big challenge were seeing for anyone who wants to compete with the u. S. Is, they have to access these high end gpus in order to train their models and if we can continue to restrict access to ccp actors, it will serve certainly in the interest of the United States. Maria i think one issue is the fact that for so long china was just stealing our innovation, right . , the intellectual property theft has been going on for decades. Now i think theyre at a point where they can actually build their own. They can. And i think whats actually a little bit scary about this new sort of a. I. Revolution, the models themselves, the high end models, those are just essentially a piece of data sitting on a server and if youre able to hack into that you can essentially steal that quite easily if you have access and i think the ceo of anthro bc testified a few months ago and noted that a. Theres r d that needs to be done to protect cutting edge models. Companies are spending hundreds of millions of dollars to train them and the chinese are im sure targeting them to try to steal them. Maria tiana. Its estimated that chinas imtheft ip theft from the u. S. F their economy and President Trump tried to crack down on this and it matters when. Charles s whole when chinas whole goal is to overshoot the American Economy in the next 15 years. Is there any bipartisan movement, whats the best thing biden has done to focus on ip theft and is it a situation where they have enough from us and a. I. Will fill in the gap to help close the gdp gap to ours. We have to remain vigilant on the side of Law Enforcement to be able to continue to track and monitor these and prosecute those who are seen as stealing our ip. But i think the best way to combat this is to continue to be innovation leader and make sure were developing these technolotechnologieses at home k with Government Agencies and Law Enforcement to try to put up the strongest core corollary we cou. Maria great to talk with you today. Lawmakers are questioning whether universities allow antiisrael statements should have their tax exempt status revoked. Fox business lydia hu is live from Colombia University with more on that. Lydia. Reporter good morning, maria. Big College Endowments are under threat as deep pocketed donors are pulling back and lawmakers are questioning the tax exempt status of colleges and universities. Maria, we are following the money in the wake of the fallout amid antiisrael protests on some College Campuses you across the country. Thats coming up. Explore endless design possibilities. To find your personal style. Endless hardie® siding colors. Textures and styles. Its possible. With james hardie™. 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Reporter we anticipate this will be a massive ground operation into gaza. There are tens of thousands of israeli infantry troops, they have tanks, air support and ground support, giving the israeli navy firing on targets inside gaza. Its expected to be a massive push into the strip. What it looks like exactly well find out if they the coming hours or days. It will take weeks if not months to complete the operation and what the israelis tell us is a goal to destroy hamas and d demilitaryize the gaza strip. Maria in the u. S. , lawmakers are targeting universities tax status as antiisrael and prohamas demonstrations erupt on College Campuses across the country. Fox business lydia hu is live outside Columbia University in new york city with more on that. Lydia. Reporter good morning, maria. Many colleges and universities enjoy that tax exempt status because education is deemed to be a public good. But in the wake of demonstrations across College Campuses that are either antiisrael or in some cases prohamas lawmakers are questioning whether schools should benefit from a tax exempt take you tuss. Congressman jason smith said some organizations that celebrated unspeakable acts of terror and their statements call into question the academic or Charitable Missions they claim to pursue. Now, congress the house ways and Means Committee has jurisdiction over the tax code, they co could convene hearings r investigation into the topics, a change in tax exempt status could be profound experts tell me, they say Tax Exemptions allow colleges to avoid paying billions of dollars every year. Theyre benefiting from tax exempt status. They dont have to pay taxes, federal, state or local on their revenues, student tuition, on their government contracts and grants, on their investment gains or on the growth of their endowments. Reporter wealthy donors are also applying pressure as University Endowments have swelled, harvard reaching 50 billion, columbia surpassing 13 billion, the university of pennsylvania, 20 billion. Deep pocketed dollars like clifford theyre closing their wallets and mark rowan are calling on donors to give 1 to the university of pennsylvania. He reportedly gifted 50 million to the university in 2018. In columbia, some students have lost job offers with reputable law firm after they signed onto letters that blamed israel for the attacks on israel. The bottom line here, maria, is that colleges want the tax shelters, they want to protect their big endowments, want to court wealthy do donors and they need reputable employers to hire students. All of these aspects are under threat as ideologies that many people find repugnant are exposed on College Campuses around the country. Maria its good that its getting exposed, kaley. I dont think we should defund the universities because theyre allowing for protests because in the country you have a right to make a fool of yourself if you so choose. We should defund the universities because these are the kinds of students that theyre producing which to lydias point shows theyre no longer serving a pub be lick pu. Theyre failing in the basic mission which is to help had form character of students and help prepare them to be good citizens, thats why we should defund the universities, n. They Fund Different ways, not just pell grants but because of obamacare the taxpayer is funding Student Loans and on top of that then they arent taxed in effect these are tax free hedge funds especially when you look at multi billion dollar endowments that arent used for a charitable purpose. P. Im concerned about the natil security. Who is approving student visas and add and at what point is ito dhs to revoke them. When it comes to universities like harvard, they have listed as one of the rules if you use the wrong pronoun, that is considered abuse, abuse can lead to expulsion for the wrong pronouns. They pick and choose which rules they want to follow, which one this dont. Maria unbelievable. Quick break and then how gop president ial candidates are reacting to the war in israel. Weve got all the details on the other side of this. Other side of this. Stay with us. How it shapes us. Were going down . And our world. Its a story. I thought i knew. Turns out its far more incredible. It takes your breath away. Than i ever imagined. There are some things that go better. Together. Burger and fries. Soup and salad. Like your Workplace Benefits and retirement savings. With voya, considering all your financial choices together can help you make smarter decisions. Voya. Well planned. Well invested. Well protected. Let newage products transform your garage into an area of your home you can be proud of. 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