Welcome to the program that analyzes the week that was and helps position you for the week ahead. Im maria bartiromo. The world is watching and waiting as israels Ground Invasion of gaza appears to be imminent. Israels defense minister telling troops to get ready are. President biden addressing the nation, making the urgent request to congress for more than 100 billion in aid for israel and ukraine, saying that the u. S. National security things on support of our allies. The president also finally addressing the threat from iran without mentioning any specifics. Iran is supporting russias in ukraine, and its supporting hamas and other terrorist groups in the region. And well continue to hold them accountable, i might add. Maria just minutes before the president spoke thursday night, two rockets were fired at u. S. And Coalition Forces in baghdad. Earlier that day a u. S. Naval destroyer in the Northern Red Sea shot down three land attack cruise missiles and several drones fired by Iranianbacked Houthi militia in yemen. Iranbacked hezbollah, meanwhile, continues to fire on northern israel. Joining me right now is House Foreign AffairsCommittee Member and army veteran himself brian mast. He also served with the Israeli Defense forces. Congressman, thanks very much for being with us this weekend. Yeah, im always glad to be with you. Maria can you assess the situation today and the u. S. response to all of this aggression, the war on israel . The response is we have military assets positioned in the region that need to be there because there should always be every expectations that if americans are killed or, certainly, if this Many Americans are held hostage as were seeing, that there may americans that are coming to rescue them. That is whats going right in the situation. You have a total assessment of the battlefield taking place by very capable commanders, whats going on with the tunnel systems, the urban terrain, what assets do we have available on the wing of an aircraft or on the deck of a ship or our assets on the ground. How does that correlate with the assets multinationally of israelis and others to do Hostage Rescue Missions in any of those places or where those that have been captured might be being moved around the region, not just to the gaza a strip. To possibly to egypt, possibly to syria, possibly to lebanon or other places. Very broad and farreaching situation for defense and hostage rest kaku here, and its all being arrested rescue here. Maria what about president bidens request to congress . Do you think thats going to fly, to tie these wars together, israel and ukraine . I think its dead on arrival. Now, luckily, you have the ability in congress to say the president does not write policy, legislation or hold the pursestrings in that way. So in congress we get to originate that bill however we want. I think, absolutely, it will be separated. Ukraine aid is, israel aid, a aid to the southern border, you name it. I think certainly in the house of representatives you will see those be individual action items, and if they are the not, it will be dead. Maria are you worried about a terrorist attack on u. S. Soil in the middle of all of this . 100 . You saw the way that isis inspired people not just across the middle east, but in europe, in the United States of america, around the globe. We see whats going on on College Campuses, in times square and places like that. To think that theres not a percentage of those people that are radicalized, islamic terrorists that would go out there and kill people while yelling allahu akbar would be naive to think. Its very realistic this that they came in whether on some visa or whether illegally across the southern border, its very likely that theyre among us. Maria and as you mentioned, were seeing demonstrations on campuses across the country. Lawmakers are calling into question the the special tax status of universities. It allows them to avoid paying any federal income taxes on educationrelated purposes, congressman. Your alma mater is harvard. It receives more than 65 of its total sponsored revenue from federal funding. And just this week Harvard Students staged a diein and a walkout in protest against israel, accusing tel aviv of genocide. Your reaction. Yeah. We sent a letter from the house of representatives, harvard or alumni with many of us that signed this saying, listen, you need to step up. You need to not just haphazardly say that both sides have things that people should realize and we should be sympathetic to this. You need to condemn this. Yeah, somebody has a First Amendment right to say what they want, but that does not mean that it does not come without consequences. And the idea that theyre going to, you know, exercise their First Amendment in total anonymity and think that there are no consequences for the things that they say, their support of terrorists as, unfortunately, has becomeically they cliche to say at this point, burning people, beheading people, killing children, killing the elderly, Holding Hundreds hostage while the left is asking us to exercise restraint in a situation that we would never be expected to do in the face of pearl harbor, 9 11 or ig else . This is anything else . There is a leeway whether on College Campuses to the, you know, these that support palestinians or whether in the media like aljazeera or others who still have it up at the top of their web pages that israel killed 500 people in a hospital or anywhere else. Theres a leeway being given to them that would not exist anywhere else, and that a bias is costing lives. Here in the ca capitol with tlaib and omar and other places beyond that. Maria well, and no mention that these terrorists are Holding Hostages as we speak. There are 203 hostages that we know of. By the way, the president is going to send 100 million to the palestinian people. Do you have a conference that that money is not going confidence that that money is not going to be taken by hamas . No confidence. Whether its a good, whether its a grain of some kind of food, whatever, its no confidence that it will not be taken by hamas. But again, it goes back to the point that i made before. The palestinian support for hamas is far more prevalent than what the president acknowledged in his speech last night directly saying that hamas doesnt represent the palestinians. No. They are in and among them and have been for decades. They are literally the largest elected bloc of what is their elected government. There havent been elections in a number of years, but every person that ive spoken to for the years that ive been in Congress Left or right acknowledges that if there were a popular election many palestiniancontrolled territories today, that hamas would win that popular election. So, yes, they are in among every bit of government, society and infrastructure throughout the renal. If theres aid that goes there, it will go to hamas. Maria wow. Congressman, thank you for your service to our great country and thank you for being here this weekend. Thank you, maria are. Maria all right. Congressman brian mast. Meanwhile, a wild week for stocks as the middle east tensions boost oil prices. Treasury yields hit new multiyear highs and new comments from the Federal Reserve is it possible to fall in love with your home. Before you even step inside . Discover the Magnolia Home james hardie collection. 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We also saw Oil Prices Climb back above 90 this week, and Federal Reserve chairman jay powell signaled that the pause on Interest Rates moves will likely continue amid high inflation. Joining me now is chief investment strategist Mark Luschini. Thanks very much for being here. Thank you, maria. Same hear. Maria so what do you think is most important for stock investors going into year end . Youve got yields on the 10year, the 30year now at a 16year highs. Has that been a factor . Oh, it certainly has, maria. I mean, typically this is a seasonably favorable period for stocks. Obviously, we are all, always geared up for a yearend rally here that typically manifests about mid october through the end of december. But obviously were waiting for it to develop because, obviously, investors are concerned about not only rates, but what you mentioned as well which is Energy Prices which could feed through to inflation and, obviously, keep the Federal Reserve vigilant on their attempt to thwart it. But in the meantime, you know, when youre approaching 5 on the 10year, when you think about the equity risk premium which is basically taking the inverse of the price to earnings ratio of the s p 500 and subtracting from that the yield on the 10year treasury bond as a proximate alternative to stocks coming in the form of yield that could be earned in the bond market, that equity risk premium today is about 1 or even maybe a little bit less. So typically its 3. 54 which is to suggest that, actually, you know, equities dont have a lot of, if you will, risk premium built into them at this valuation suggesting that on balance bonds actually look a little bit more attractive to investors that can allocate across multiasset classes. I think that is something that investors are grappling with as they think about how to allocate riskbased capital. Maria yes, exactly. Now youre getting some real competition to investing in the stock market if you can invest in fixed income and get 5 . Maybe thats why weve seen the volatility. Does that continue into year end, do you think . Well, i do because what were seeing is actually better than expected Economic Growth. I mean, were going to get Third Quarter gdp number here shortly, but if the atlanta Federal Reserve is at least giving some directional by order of altitude indication of where they may come out is probably going to be a 34 gdp growth rate in Third Quarter. Well, probably not likely to be sustained through the end of the year ultimately. Still, its indicative of the fact that obviously with Economic Growth being better than expected at least so far even as inflation is and beginning to dissipate somewhat is going to keep the Federal Reserve vigilant on anyone main again, maintaining higher for longer if not the prospect of an additional rate hike before the end of the year alive and well. And, obviously, that continues to keep Equity Investors on their heels. Maria lets talk about the price of oil because this is also an issue here. When you have 90 oil, that cuts into consumers ability to spend. Is that going to slow town the economy . Down the economy . Well, i mean, today the level of Energy Intensity in the economy certainly isnt anything like it was back in the early 1980s. But having said that, its an advertisement to consumers every time they drive past the gas station and see oil prices in, you know, 2feethigh, you know, advertisements, posted on the corner of the gas station. And so it serves as a reminder to consumers that more is being siphoned, if you will, owl out of their out of their spending behavior into their gas tank as opposed to other things, particularly travel, leisure and entertainment that have been benefiting from the postpandemic sludgier that consumers have undertaken splurge. Yes, it can have a big influence. And were only starting to see any kind of geopolitical risk premium built into Energy Prices at this level. If, obviously, we get one or two more turns away from what is taking place in the middle east today metastasizing into something that involves more directly or more definitive proxy with iran and obviously we undertake some kind of weaponization of oil prices, obviously, they could spike considerably higher which would really be a problem for Economic Activity not only here in the United States, but elsewhere around the world. Maria okay. We will leave it there. Mark, its good to catch up. Thanks very much. Thank you. Same here, maria. Maria Mark Luschini joining us. Coming up, get organized, be ready. Israeli defense minister telling traps to pear for a Ground Invasion prepare for a Ground Invasion of gaza. Well hear from an j. P. Morgan Wealth Management knows its easy to get lost in investment research. Get help with j. P morgan personal advisors. Hey, david ready to get started . Work with advisors who create a plan with you, and help you find the right investments. 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Israel ramping up its defenses at the northern border with lebanon and evacuating some cities there. And there is also unrest now in the west bank as well. Joining me right now is spokesperson lou Lieutenant Colonel peter lerner. Colonel, thanks very much for being here this weekend. Can you assess where we are this weekend in this war . Thank you, maria. We are now moving forward escalating our efforts to destroy hamas, make sure that they never, ever have the ability to launch, stage attacks against israel ever again. We are taking away, eliminating their operational capabilities, their offensive capabilities, their command and control capabilities. Were seeking out and killing their leaders. So we are ramping that up. We are taking the necessary precautions in order to safeguard the people of israel, but also we are preparing ourselves for an offensive that potentially could come in the coming days with regard to a ground operation. Maria how concerned are you that this war is about to broaden out . We have a very, very Strong Military force. We have recruited the largest amount of reserve is in the history of the state of israel, some 300,000 servicemen and women. And, indeed, we are prepared to fight if need be on two or three multifront war. We do want to be focused on hamas, the situation and the paraare dime where a paradigm where a terrorist organization becomes a terrorist government with a terrorist army can no longer be an accepted norm. This Organization Needs to be retired from the realm of existence once and for all, and that is our focus. Of course we are watching towards the north. We are looking at hezbollah. We are checking and making the necessary to be strong in our offensive and defensive capabilities in the north. And, indeed, we have seen hezbollah attacks against force [audio difficulty] including antitank guided missiles against our forces and also against civilians on the border with lebanon. We have two core messages to to lebanon. First of all, as a sovereign state, dont let attacks originate from your territory. It is your responsibility to make sure hezbollah does not get involved. And another message to hezbollah. Look very carefully how we are dismantling hamas in gaza. Step off the step, target step after step, target after target, location after location. Do you want to become the next hamas . I would highly recommend they look very closely and not cross that threshold. Maria unbelievable. Hamas is also waging war on the public because it is manipulating what it is telling the public for public opinion, right . Absolutely. Weve seen a huge onslaught of their activities, their propaganda activities against any, every decent human being on this world by trying to manipulate emotions and exasperate if also civilian despair within their own communities. Ill give you one example. We put out an announcement now one week ago calling on the people of northern gaza to evacuate the Northern Gaza Strip because we intend in operating against the heart of hamas and their operations which is in gaza city. Hamas in return called on the people, no, stay put. Put yourself in harms way. Make sure that you dont, you defend with your with own lives the, against the operations of the idf. And when the people werent listening to them because they want to live, so they recollected checkpoints on the route going down south which we designated as a safe road that people could evacuate. And this is just one example. And then when you talk about the broader public opinion, they are lying on every event that takes place. We had an event this week where Palestinian Islamic jihad, another terrorist organization in the gaza strip, launched ten rockets against us a reillys. One of them landed in the parking lot of a hospital inside the gaza strip. Within moments of the incident, hamas announced there are hundreds of People Killed in a rocket attack, a rocket strike by the idf. It was false, it was fake news. There was no israeli rocket strike. We determined that in our review of the incident. Even the damage on the ground a appears to be limited damage and definitely not in line with the types of munitions that we use. Maria yeah. We had palestinian intersents of conversations between terrorists intercepts, admitting it was a Palestinian Islamic jihad rocket being fired and hitting the hospital courtyard or parking lot. Maria right. So we have to be very, very wary of listening and quoting hamas. They are a immoral organization, but theyre also not credible. So i wouldnt weigh or rely on anything they say about anything on the world. You know, they are no different than north korea in that respect. Maria speaking of north korea, colonel, there are Court Reports of reports of weapons uncover from the hamas attack that seem to have come from north korea. Can you confirm that . And also what can you tell us about the hostages . How many are there, and what is the effort in terms of recovering and getting them out . Indeed, maria, weve seen a lot of weaponry that the terrorists were carrying on them. The vast majority of it is actually locally manufactured in hamas weapons capabilities within their capabilities, so there is, indeed, obviously other weapons that come from around the world, and it could make their way into, into the gaza strip. Regarding the saw state and situation of the hostages, the hostages are 203. This is men, women, children, elderly, people, you know, holocaust survivors. You know, this terrorist organization is really unbelievable in what it has done, how what an abomination they are to humankind with no rules, no the regulations. There is nothing that they will not do. And this is what were up against. And this is precisely the reason why the paradigm needs to change. We need to bring home the hostages immediately, and this terrorist Organization Needs to be banished9 from the realm of existence. Maria all right. Well be watching. Lieutenant colonel, we are praying for your safety and the safety of all. We appreciate your time this weekend. Thank you, sir. Thank you, maria. Have a good weekend. Maria okay. Colonel peter lerner. Ive got one important thing you need to know abo sfx stone wheel crafting the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. It still does. What can you do with spy . Seek floridas all new sunseeker resort. Book now. 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Meta will report on wednesday and amazon on thursday. These may very well set the tone for the whole market. Ford and General Motors also reporting next week. Itll be a telling look at how the the uaw strike has affected the auto makers bottom line over a month into the work stoppage. Well be polling it on mornings with america mornings with maria, weekdays, 69 a. M. Eastern on fox business. Join me for sunday morning futures live with interviews with ted cruz, John Ratcliffe and attorneys general ken packton from texas and greta that burg from iowa. Join us live on sunday. Thatll do it for us on fox business