Highest level since 2006. So were going back an additional year than what we have been looking at recently. 2year is down 5. 18. The 10year note is yielding 4. 8 and the 30year has ticked a little higher at 4. 95. Meantime President Biden landing in israel early this morning and met with israeli Prime MinisterBenjamin Netanyahu. Nbcs jay gray joins us this morning from tel aviv. Jay. Reporter hey, there, good morning, guys. Yeah, the president meeting with Benjamin Netanyahu as you talked about and later today with the war council. Who hell not be meeting with is his arab allies. There will be no trip to jordan. That was something that was planned there. That was considered a pretty important part of the visit in that the president had hoped to talk about tamping down concerns that are growing right now over this becoming a much wider military conflict. You know theyre already growing escalation alord the border of lebanon. There have been casualties of soldiers on both sides. Israel and hesitazbollah on the border there and troops moving in more equipment. Thats a big concern regionally and something the president had hoped to discuss. He plans to make phone calls with those who had planned to be part of the summit on his way back to washington,but, again, no facetoface meeting. Thats the result of a hospital explosion overnight that left hundreds dead. Youve got hamas blaming israel saying it was an air strike that caused the blast and israel saying it was a failed rocket launch by the Islamic Jihad that caused the deaths of hundreds there. Its really changed the perception of not only here but worldwide and thats something that has changed the president s visit as well. He was also planning, guys to really focus hard on humanitarian aid for those in gaza, those who havent had any food, water, medical deliveries in the better part of two weeks. It will be interesting to see how that plays out in light of all thats going on right now, but the white house has said repeatedly that every conversation he had, every stop he made was going to be dealing in some way with that humanitarian aid, and now that like so much is in limbo right now here. Jay, we appreciate your reporting as always. Im sure were going to be talking to you a lot over the next coming days. Thank you. Well get more understanding of this united story. United Airlines Shares are over. 365 this time. It was 30 cents above estimates. Revenue is in line with expectations, but the airline warned, a, more expense jet fuel, up 20 since midjuly, and the fuel bill is going to increase by 11 , the company says, in the next quarter, but also a halt to flights to israel and there may be more thats going to eat into profits. 1. 50 to 1. 80 and thats versus estimates of 2. 06. 2. 46 in the year ago period. Were going to talk to scott kirby at 7 45 a. M. Eastern. The reason im thinking about it, there are signs of some softening domestic travel, and im just wondering overall i know the retail number was good. It still seems like things are good. Were going to talk to procter and gamble to see if trade is down. We had the delta ceo last week, and he talked about some of the same concerns, the jet fuel cutting into thing, cutting into their profits. When we asked him very specifically are you seeing signs of weakness in u. S. Travel, he said no, because i was trying to get to that same point, is this something we need to worry about from a domestic fi picture. The internagtional flights are some of the more profitable ones. The big carriers with International Travel are more expensive and much more profitable flights. If youre talking about some of those shutting down, my thought is are you seeing americans not wanting to travel to international places, not just tel aviv . United has the biggest exposure to israel, and this will cause capacity to go down. As a result, that is going to be higher costs when you have less capacity. Fixed costs go up when youre flying less. All those things are well talk to scott kirby about it a little bit later. In the meantime Chesapeake Energy has approached Southwestern Energy about a possible acquisition. If the companies combine, they would form the largest natural gas focused exploration and Production Company in the United States by market value, passing that of eqt. You can see the shares are up just slightly from both of those companies, chesapeake by a few cents, southwest energy by about 1. 25 . Apparently theyve been in talks potentially for months. Theres been interest in this for months and shares of southwest Energy Jumped significantly on this news. Carl icahn has sued the board of directors. He told the Investor Conference in new york yesterday the lawsuit pertained to illuminas access to grail. We talked about that transaction for a long time, in part because of the ftc regulators around the world were looking at that. They purchased grail despite opposition. Icahn pursued it. He fought to keep grail. He said they would divest grail if it doesnt win the legal challenges. The former ceo or what was is also a member of disney, effectively ousted, pushed out by carl icahn. Right. Carl all along has been opposed to this deal, has been very angry about it. Its just an interesting move. He got him out. Where does the lawsuit take you . Is Steve Mcmillan there now . He used to be at striker. Yeah, he used to be at striker. Ill have to take a look. Remember, we have i dont think its this one, though, is it . Jacob chasen. Is he on the board or am i making it up . Hes on the board but hes running another company. I might be confusing that. We had him on talking about that. Its not striker logic. An update right now on the 7. 8 billion on a hospital did by Choice Hotels of wyndham. They reviewed the proposal and felt it was not in the best interest of shareholders. It involves a regulatory timeline and the outcome would be uncertain. Its also concerned about leverage levels. Yesterday the ceo of choice told us that they took the offer public after six months of negotiations because wyndham broke off the top. Wyndham said it has discussed concerns with choice but were unwilling to propose any mitigations to address those concerns and thats why wyndham rejected the offer. You can see Wyndham Hotel shares down by 74 cent. When we come back, jim jordans first speaker vote fails but he tries again later this morning. We get the latest from jake sherman of punch bowl right after this. Former speaker khem joins us live from washington. Youre watching squawk box, and this is cnbc. Personalized Financial Advice from ameriprise can do more than help you reach your goals. I can make this work. It can help you reach them with confidence. No wonder more than 9 out of 10 of our clients are likely to recommend us. Ameriprise financial. Advice worth talking about. Mlb chooses tmobile for business for 5g solutions. To not only enhance the fan experience, but to advance how the game is played. Nows the time to see what americas largest 5g network can do for your business. The power goes out and we still have wifi nows the time to see to do our homework. And thats a good thing . Great in my book who are you . No power . No problem. Introducing stormready wifi. Now you can stay reliably connected through Power Outages with unlimited cellular data and up to 4 hours of battery backup to keep you online. Only from xfinity. Home of the xfinity 10g network. Welcome back, everybody. The house is expected to vote again today to elect a new speaker after congressman jim jordan fell short in the first ballot. Joining us with the latest is punchbowl news cofounder jake sherman. Hes also an nbc news and cnbc contributor. Any idea whats going to happen today . I dont think jim jordan is going to make it. Its plainly obvious for those paying attention in the capital, to be honest with you. The big question is does he go the third round. You have 20 opponents on the first round. Hes expected to have more than 20 on the second round. Some of his supporters only committed to a first ballot vote for jim jordan. Where do we go from there . If he goes to a third ballot, i think hes going to bleed a lot more support. Thats the reality. The next question is this. Does the house move, and i think they will, and we reported this this morning in our a m edition that it will move to install Patrick Mchenry as the speaker until the end of 2023 or sometime in 2024. The question is will democrats support that . They will be needing to support it because a lot of people on the right are not going to like that. Then the larger question and this is a question you will probably have for Kevin Mccarthy when hes on your show later, does he try to make a comeback . I dont think he i think he would struggle, to be honest with you, to get the support he needs to become speak e again. All of these are open. Its absolute chaos. The larger question becomes how do they put this back together again . The congress is deeply, deeply divided. Et a lot of bad filings, division among the republicans right now. I think one of the craziest tidbits i read in all of this came through axios, kind of quoting what happened on cnn. They pointed to representative kennebunk who voted for House Majority whip tom emmer in this. He was the only republican to vote to oust mccarthy as speaker while also opposing jordan on the first vote, and cnn spoke to him and said do you really want emmer for the job . He said, no, i dont. I dont like tom emmer. I figured this would be the worst job in the world. Mike roe maybe would do it for the tv show worst job in america. I dont think theres anybody on either side of the aisle whos going to be able to do it within their own caucus. It doesnt matter who you are. You cant do it if youre Hakeem Jeffries. You cant do it if youre any of the republicans at this point. Its going to take a bipartisan coalition. At this point it probably will. I dont think theres any single republican who could get 217 votes to get the job on their own. To put it in context, thats stunning. That never happens in the house of representatives almost always, going back 100 years. People get elected to the speakership with their party and their party only. Theres not a single republican who i can think of that will get 217 or 218 depending on the attendance on their own including Patrick Mchenry. Hakeem jeffries has helped to get 212 democrats on his side. 217. Nope, nope, nope. When hell freezes over. Its not going to happen, i agree. Heres what i was thinking jake. Lets say you did a vote count. Jordan missed 20. What was mccarthy was eight, right . Youve got gaetz and the over seven. Eight is better than 20. So he had 96 . If it was purely just percentages, he might be considered to be able to wrangle the most, but still be missing eight. Any way that you could shear off nancy mace, i dont know what her thing was. She must want to be president. They get criticized so much. Maybe that would it seems like mccarthy has more support than jim jordan. Mccarthy has infinitely more support than jim jordan and more people like mccarthy over jim jordanful you could definitely take two away from that. I think theres a couple of people who are softnosed on mccarthy, and after three weeks of doing this, i think you could probably eat away at his opposition. I dont know that you could get four. The larger question is can mccarthy cut a deal with democrats to take away this emotion debate gate which is an anvil hanging over his head because thats the only way he can survive. I dont know the answer to that, quite honestly. The democrats have not been willing to cooperate. Listen, i will say this to everyone. Mccarthy knows this. This is his fault in that he let this provision stay in place when he was negotiating back in january. He knew it would happen to him at some point and he knew, quite honestly, he wouldnt be able to beat this back. The only way i could see mccarthy wanting to be speaker is to get rid of the motion of eight. Yes, this is the system of governance we have right now, joe, is that eight republicans in a narrow majority. Six republicans, five republicans could boot the speaker out of the job and make it difficult for the 96 , 97 of the conference. Ive seen another place do that. You get a certain amount of chips to bet on whos going to get the nomination or whatever. I mean how would you do it right now . To be the eventual speaker . I would say mccarthy gets at least 33 chance maybe and then jordan probably youd probably give less to jordan. What about Patrick Mchenry . He probably doesnt even want it. Steve scalise is out of the picture. Is there somebody else were not thinking about . Patrick mchenry doesnt want it that no one wants this job. Its like someone said the other day, its like being mayor of a city that was just nuked. Youve got 100 bucks. What do you do . Youve got 3 1 odds. Mchenry. Mchenry . Until the end of the year or until january. To me, i would add one thing here. I think mccarthys opposition has probably grown beyond that eight, to be honest with you. A lot of people have gone soft on mccarthy. Yeah, probably, but you could peel off a couple, youre right, but then you probably get back to eight. The original eight, but then you have to add some in. Thats right. Jake, thank you. Thanks, guys. Coming up, the survey on the u. S. Economy. I think its all americans all america. All america. Yes. Meaning all of america. Not the athletes. Yep. Anyway it involves plus were going to have a huge lineup including the ceos of Procter Gamble. You know how you call former House Speakers speaker, i dont think we want to call mccarthy speaker today. We call him congressman. Former speaker. Former House SpeakerKevin Mccarthy, and senator and president ial candidate tim scott has some interesting things c. Erening there with his sup pa well ask him about it. Squawk box will be right back. And im axel, proud to be her state farm agent. Her baking superpowers have brought sweetness to our community. I make delicious cakes to make special occasions even better. Maria doesnt just bake; she also creates opportunities. Small businesses like marias, open doors for communities to thrive. Support your community. Support small business. [soldier] take a look at this theyve left us a gift. [soldier] i think we misjudged them. I love horses. birds chirping [soldier] we should open the gate. Lets see what charlotte thinks. [narrator] at crowdstrike, we monitor trillions of cyber events to detect threats and prevent breaches before they happen to keep your business from becoming history. We stop cyberattacks. We stop breaches. We stop a lot of bad things from happening. Crowdstrike. Protection that powers you. I promise as an independent advisor to put the Financial Wellbeing of you and your family first. I promise to serve, not sell. I promise our relationship will be one of partnership and trust. I am a fiduciary, not just some of the time, but all of the time. Charles schwab is proud to support the independent Financial Advisors who are passionately dedicated to helping people achieve their financial goals. Visit findyourindependentadvisor. Com allamerican survey showing attitudes toward israel. Also new numbers on President Bidens approval ratings. Steve liesman joins is now. Pretty serious stuff. The americans strongly supporting is rah i will is over palestinians and the military for israel, but a significant share want both sides treated the same, and cnbc finding support for President Biden at or near alltime lows. 39 say us raamericans should favor ids israelis. 36 want both sides to be treated the same. A significant number say theyre unsure, a sign that remains fluid. Democrats say the go. Should favor israelis. Look at that number there. 57 of republicans want the u. S. To favor israel over palestinians, 44 of democrats want both sides to be treated the same, and that includes 47 of democrats with just a quarter of republicans jo on the issue of government funding, 74 say military aid for israel is an important priority for government funding. 72 for securing u. S. mexican borders and 72 for foreign human taurean aid. Come down a little bit, 51 for military aid for ukraine and 52 for economic military aid for taiwan. Us real is the third spot there. The survey of a thousand americans across the country finals that economic and geopolitical turmoil have cost President Biden support, in some cases significant. His overall approval rating, 37 , his disapproval, 58 . Thats the highest of his presidency. On the economy, 32 approving. That is the lowest of his presidency with 63 disapproving, 31 approving on his Foreign Policy handling and 60 disapproving. Among the president s problems, just 66 of his own party approves of his handling of Foreign Policy along with a slim 20 of independents and 7 of republicans, all of this leading the ur is vai to find former President Trump would bead President Biden in a headtohead race by four points, 46 to 42 with 12 unsure. Were going to have full coverage, guys, with americas news on the economy including an indeafth look with whats troubling americans. Well have that on friday. Wow. It took you a while to get to the last one. I dont know if thats a lede or not. Crazy. What u did notice there, steve, was in gin real, both parties are kind of in sync on israel, ukraine, but there are significant differences. Americans definitely more comfortable giving aid to israel than ukraine. They dont care about the southern border . Their number is below it. Joe, you know, one can look at these numbers and say, wow, these are tremendous differences, or one can look at these numbers and say, you know what . This c