Margaret goes straight to look at the money. The market is coming back nicely we were down to a point on the dow industrial, never down 50, the nasdaq is the 34point modest losses in the early morning, the ten year treasury about 5 this morning now its come all the way down to 4. 93 , substantial reduction in the yield right there. Maybe that is helping the market, the price of oil coming down 1 lower 87 a barrel. Surprise of the morning, bitcoin 30600 per coin, ryan payne to look at the market in light of the word developing situation. We are down a little bit the lefthand side of the screen, where do stocks go from here. I think they will go up from here, there is a famous saying from Benjamin Grant in the short term the stock market is a voting machine and in the long term away machine. It is a weighted machine we have unrest going on in the middle east and we dont know how that will pan out. Stuart somebody negative 5 treasury, 8 mortgage, wider war in the middle east do you still say stocks go up. You have to keep your eye on the prize bottom line Third Quarter earnings season will come in better than we expected, should be pretty good and then we going to next quarter close to double digit earnings and next year doubledigit Earnings Growth and evaluations are relatively cheap if i take the magnificent seven stocks and take them out of the s p 500 because of a huge waiting about 30 , your dental multiple of 14. 5 , im sorry times earning solo. Stuart 14 times expected earnings of the company, that is the stock price of all the s p 500 except the magnificent seven. That is a low evaluation. Earnings are going up you have a great combination low valuation, earnings going up and meanwhile inflation is coming down pretty to look at the numbers of the shelter cost which is a big component of cpi that is a lag and that will come down a lot in the numbers in the next couple months that will convince the feds not to raise Interest Rates in the labor market is hot thats was been driving this economy continue to drive this economy. Stuart lets go back to the original premise the war appears to be widening. If it widens further more countries involved a bigger regional footprint in the war in the region does not going to be good for stocks. The shortterm is detrimental and we were deceiving a present correction in the market because of a conflict on the middle east. I cant predict how its going to end but i know historically anytime you have a conflict in the middle east that spending good buying opportunity. You deploy your capital and getting markets dont settle down they settle up as a have to take a vintage of the fact that you have uncertainty right now. Dont get carried away. Im going to look at some of the movers. One being tesla which is moving down, 3 . They are disclosing that they expect Capital Expenditures to exceed 9 billion in fiscal 2023 to stay in the range for the following two years and they got request for information including dod subpoenas unrelated to personal benefits, personnel decisions and vehicle range, remember over the summer reuters reported that exaggerated the range their potential driving distance per charge not have to produce documents. Is a always under investigation. Did you hear he is considering advertising on tesla. I would think that would push the stock up. Advertising on tesla. For tesla. Stuart he does and at the moment. It saves a lot of money. Stuart hasbro toy people. Ahead of the key Holiday Season j. P. Morgan cutting the price target by 10 to 55 and da davidson cutting theirs by nine to 71. The disappointment this time of year. Stuart right before the Holiday Season. Pinterest im sure there up. Wanted a half up dated to buy in plenty of growth overseas and relatively positive on Digital Advertising coming back. Stuart the housing market, how long will that take homeowners to breakeven on their purchase, can you calculate that. 13. 5 years. It used to be around five years. Zillow and axios crunch the numbers using the 7 Interest Rate on three to 76000dollar home, can you find a home for three to 76000. Stuart outside of the coastal areas you can. The median across the country is more than that. That is just breakeven. If you want profitability, how many decades is that going to take. Stuart dont ask. Is really depressing. Thats why you might have a lot of dinks. Stuart double income, no kids. Thats enough, thank you very much indeed. The war is widening gradually. At the moment the fighting is concentrated in gaza with israel stepping up the hamas infrastructure and some on the ground commando raids inside gaza itself. Phase one is a confined war. That is shifting. Now theres fighting in South Lebanon irans proxy has below firing rockets and antitank missiles into northern israel. This might be phase two with the war is no longer confined to gaza but broadens out for the whole region. If there is a phase three, iran would be directly involved in that would be a definite escalation. We are not there yet but america and europe are trying to avoid. The Financial Impact is this Going Forward oil up, inflation takes up, Interest Rates go up and eventually the economy sl slows. The political impact, bidens popularity is down in his party is divided, the country is anxious, the Cultural Impact is this, antisemitism has reared its ugly head on battlegrounds. None of this is good, no silverlining along nasty fight, have been permitted terror attack within her border, we do not want phase four. Will cain with me this morning i might deliver a downer, and you see the cert under Current Situation and the negative terms as me. Negative is one way to decide it as concerning would be another. I hope Everyone Wants to avoid the spiral and the only way we will do so is with wisdom and or leadership. Thats put a lot of pressure and hopefully we can make it to the future but the present as well. What i mean by the future whoever we elect is the next current president to guide us with wisdom with something with so many tentacles connecting as you describe in so many implications on the people of america. Thats always my analysis how does it affect america first. Stuart another negative, House Republican leaders calling the speaker chaos embarrassing. That is a negative. This is embarrassing for the Republican Party and embarrassing for the nation and we need to look at one another and solve the problem. One of the most embarrassing things ive seen. If you dont have the speaker of the house we cant govern. Everything was fine were shut down as a government. Stuart wide agreement this is embarrassing, where is this going we have nine candidates up for speaker vote tomorrow, where is this going. I dont know. No windows. The guys in the room dont know. I understand from an organizational standpoint it is embarrassing to not elect a leader not know where youre going for the future. From the beginning that gates should be judged based upon what is outcome and fruits. Right now the fruits do not look very fruitful and that youre on a better path than you were with kevin mccarthy. Its not in the ninthinning its not over. I dont know nine guys throwing the hat in the ring who will be the next speaker goes back to matt gaetz and is it about policy and representing of the desires or about personality. I think theres a lot of guys that are mad, theyre mad at matt gaetz and not by proxy, kim let jordan have the wind and people to talk about how much of matt gaetz was driven by personality not by policy. I hope they can set aside at some point their personal animus and elect the right guy. They have nine to choose from and elect the right guy to represent. What i think is a different direction for the Republican Party and the american people. Stuart if they are not careful the democrats will elect a speaker and exacted nasty price for doing. I think that might well happen, the last 30 seconds steel. I do not think that is going to happen i do not think altering to democrats for books in the Republican Caucus to to get together without having to look to democrats. Stuart there is real confidence. Will cain in texas. We will see you soon. Thank you for being with us. Lauren is back with us, what former speaker Newt Gingrich had to say about this. He told Shannon Bream locked the republicans in the conference in a room, bring in food, let them go to the bathroom and they need to and dont let them leave until they have 217 votes for one person. Watch. At the real danger that they will elect somebody in three or four or five weeks from now you have a group of people blow up and decide to go back into the same mess. They need to pick 70 to have stability. Kevin mccarthy was able to win the speakership after 15 rounds of voting because he allowed for the single vote to force a motion to vacate which is exactly what happened with matt gaetz. Republicans dont want that to happen again they need to change the motion to vacate but they likely cannot do that until the house returns to normal with the speaker. Stuart it is called a mess anyway you slice it. Now this, secretary of state Anthony Blinken says israel and gaza cannot return to the status quo. Who will run gaza when the war is over. Kt mcfarland will answer the question. The military bombards gaza with more strikes and mounting limited ground race, mike tobin live on the ground in israel with the latest report after this. Explore endless design possibilities. To find your personal style. Endless hardie® siding colors. Textures and styles. Its possible. With james hardie™. Is it possible to fall in love with your home. Before you even step inside . Discover the Magnolia Home james hardie collection. Available now in siding colors, styles and textures. Curated by joanna gaines. Its easy to get lost in investment research. Introducing j. P. Morgan personal advisors. Hey david. Connect with an advisor to create your personalized plan. Lets find the right investments for your goals okay, great. J. P. Morgan wealth management. This is american infrastructure. 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Heres why you should switch fo to duckduckgo on all your devie duckduckgo comes with a builtn engine like google, but its pi and doesnt spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. And theres no catch. Its fre. We make money from ads, but they dont follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. Stuart wording five minutes into the trading session on a monday morning and we paired the losses significantly. The dow is only down 40 points it was down 200 and the s p is down five and the nasdaq down 11. Lets go back to the middle east israel launched more strikes into gaza. Mike tobin is in israel for us. The big question is the war now widening . You have combat and gaza in combat at the northern border with lebanon in combat activity happening in the west bank with iran backing all of it, the threat blowing wide open as a part of everyday, the meantime the Israeli Defense force to the screening of the raw video from hamas go pro from security video from dash cam to release the audio. A deliberate attempt to show the savagery of hamas and try to combat the narrative that you see the demonstration and frankly some of the media the israel is the aggressor. Most of what we saw, weekend show you for the very simple reason that it is just too horrible. What we saw, israeli ambushed in their car, a hiding under her desk she was found and executed, israeli huddled in the safe room and massacred while they were huddling in the safe room, father and his two little boys who scramble to get into the bomb shelter and the hamas attacker through a grenade into the bomb shelter, the father killed and whether the little boys lost and i and they screen for their father and mother in the hamas attackers also took selfies with a truckload of wounded hostages behind them in the picture. Israel released audio of what of the hamas attackers calling his parents back into the gaza strip bragging that he killed ten people said his pain should be proud of him because he is a hero. Here is the idf spokesman. It was not sporadic Freedom Fighters fighting for as hamas portrays itself. The wet use all his brutal tactics. Airstrikes are constant into the gaza strip, the picked up yesterday and we heard the thumps out of the gaza strip as airstrikes continue to go with and it targets the tunnels, operational headquarters, compounds and observation post. They are prepping for the next day, speaking of the next stage, Israeli Forces were on the ground in the gaza strip but this is one of the limited incursions after the tear infrastructure and to get as much intel as they can as it relates to hostage refuge. Stuart mike tobin, thank you very much. Anthony blinken says israel and gaza cannot return to the status quo. Watch this. We know two things. We cannot go back to the status quo and they cannot go back to the status quo with hamas being in a position of the governments of gaza to repeat what he did. At the same time i heard from israelis no intent and no desire to run gaza themselves. Stuart kt mcfarland with me now, any idea who could run gaza when this is over . Nobody has any idea whos going to run gaza what is over. The way you think of it is three problems. Whose lasting gaza with this is over and lets assume that israel does go when and destroys hamas pray political leadership, military that both, who is left, probably a million palestinians that want out, where did they go egypt doesnt want them, jordan doesnt want them, israel does not want them. They cant come to the United States because it cannot be vetted. You have a problem of where the refugees in his left. What is this new government and hamas is gone and could you have free and fair elections, that seems unlikely. Hamas was elected with free and fair elections, with the un common and oversee some kind of transition of power and nobody knows, did the un want that job then you palestinians on the west bank and israel on the west bank, they might think they can run it but nobody wants them to run it. Whos there, whos running it in the third question who is not running it because unless you stop irans ability to fund whoever is running gaza, itll be hamas to plano. Stuart an awful prospect, republican congressman pat allen was on this program earlier today. He said biden is emboldening china and russia. Watch this please. Every president for the rest three years that has a projected strength is only projected weakness, this is emboldening not only iran but is emboldening china and certainly russia they launched a fullscale invasion two years ago with ukraine and they did not do anything for the four years President Trump was nominated. Stuart do you think were headed for a wider war as we speak. We dont know. The congressman is right, President Biden enabled all of this. Whether russia and ukraine, whether iran, enriching namebrand and encouraging the palestinian proxies, whether hezbollah and hamas. Where this goes next, the only way you can have any possible deterrence of this not becoming a wider war is for the United States to stand shoulder to shoulder with israel. Not only because israel realizes america has my back and we can trust what comes next but if the rest of the world whether china, russia, iran, hezbollah looks and says its not just taking on israel, is taking on the United States and maybe we dont want to do that. Its only with you stop this from escalating. Although biden enabled this problem to happen read his strong support of israel since this started happening is a good thing for the question i have in two weeks where are we after we see massive civilian casualties in gaza will the president continue to be strong with israel. Stuart good question. Mitch mcconnell says china, russia and iran are the new axis of evil. Watch this. You have to respond to conditions that actually exist that are a threat to the United States. The iranians are a threat to us as well. This is an emergency. Its an emergency that we step up and deal with the axis of evil. China, russia, iran because its an immediate threat to the United States. Stuart the senator is talking about the new world order which just appeared in the last three or four years. It is a new world order and were not in a great position in. If you look at the three countries in the bag i country the axis of evil, china, russia iran, the rich because of high oil prices. If you could deal with that by bankrupting. Because we couldve American Energy production which would bankrupt and they would be in the same axis of evil but far less powerful. China takes a different strategy to deal with china and not only a military strategy but economic and diplomatic strategy. One way to strengthen our alliances in asia not just her military alliances with japan, korea, philippines, potentially india because china