On the east coast, President Biden addressing the facing from the Oval Office Last night promised to send congress urgent funding request today, of 105 billion dollars, that money will include assistance for the wars in israel and ukraine. Watch. Were going to send to congress an urgency budget request to fund Americas National security needs, to support our critical partners including israel and ukraine, a smart investment that is going to did pay does dividends for American Security for generations help us keep american troops out of harms way help us build a world that is safe more peaceful prosperous for children and grandchildren request for aid goes to house ways and means without a speaker nominee jim Jordan Holding a News Conference my nominate ahead of a planned speaker vote today at 10 00 a. M. Eastern, cheryl, so far jim jordan did not have votes we will see if anything changed. Cheryl this is very interesting getting in reporting from chad from the hill, he says that scenar
Advisory, this happened yesterday. The advisory says this, due to increased tensions in various locations around the world, the potential for terrorist attacks demonstrations or violent actions against u. S. Citizens and interests, the department of state adv advises us citizens overseas to use increased caution. Werent we promised that adults were back, that america would be back on the world stage. Now we have bunch of incompetent, weak people in the administration that led to chaos around the world, led to americans feeling less safe not just abroad but also at home. Look at the rampant Violent Crime we have in our inner cities. Id like to make a point on this. The importance of the second impeaamendment has never been gt near the nation. Im sure the citizens israel wish they had a second amendment. The stakes have never been higher in the next election coming up, not just to secure peace around the globe bat to ensure law and order at home. Americans dont feel safe under this presi
That comes up against the weak anecdotes we keep hearing about. The beige book did not sound like the robust economy. I dont know what you are hearing from the companies and everything. It is not robust news. The question becomes not so much the strong Third Quarter. The question is in the Fourth Quarter and if the fed wants and needs a slowdown to feel comfortable about inflation. I dont know if we have the problabilities available. The first is the tenyear note which is darn close to 5 . 4. 98 was the top overnight. It is now down a bit. The second is limited or almost no chance. Quickly, ill give you the probability. 5. 7 for november. It jumps up to 39 for december. Then it is 47 for january. If you hear from the companies, mike, i say most of the ceos are concerned about what is coming. Generally, that is true. If you get a slowdown, it doesnt usually happen precipitously. I think the market wants the ability to try to start to focus fully on companies and on exactly how the busin
Larry hello, folks. Welcome to kudlow, im larry kudlow. So joe biden will deliver a prime time address tonight on israel and other matters. What do we think hes going to say . Joining us live from jerusalem is our great friend john roberts, so what are you picking up and what are you thinking . Well, the president as going to ask for money, thats one thing, 100 billion in support for ukraine and israel. You know, larry, if the rumblings on the ground are correct, this conflict could get bigger very quickly, maybe in the coming next two or three days. If and the one thing that israel is really going to need is a resupply for the iron dome. And thats what the pentagons been talking about and briefing this afternoon, thats what President Biden was talking about. Because if this opens up a second front from hezbollah in ebb lo lebanon, there could very soon be hundreds of rockets, many of them precisionguided, raining down on israel. And without that iron dome system fully up and operation
Youre watching daybreak asia coming to you live from new york, sydney and hong kong. Counting down to the major market opens in asia. Australia has just opened, the top stories this hour, asia stocks extending losses within escalation of the middle east conflict and the feds policy outlook. Rates will still stay on hold while not withholding the possibility of a future hike. It does not feel like it is too tight right now, there is no evidence that policy is too tight. President biden set to deliver an address on the israel hamas war. Xi jinping calling for a ceasefire in his first Public Comments since the conflict broke out. We have the opening of the asx 200 at the start of the session, the first market coming online. What will be driving sentiment is geopolitics, and also jay powell kicking off what we heard from the fed chairman earlier, saying that they will not necessarily see a rate hike in november, but the outlook is a cautious one. And he says that the door is still open. Of