Us. Im maria bartiromo, it is tuesday, october 24, 8 00 a. M. On the button east coast, National Security counsel spokesperson John Kirby WhiteHouse Press SecretaryKarine Jeanpierre shutting down idea deporting foreign nationals including students who attend pro hamas demonstrations. On a the right among some republicans, whove called for students foreign issue nationals for demonstrating in some pro palestine demonstrations allegedly, to have a student visa pulled, or deportation. O we dont have to agree with every sentiment expressed in free country like this to stand by the First Amendment and idea of peaceful protesters. A does president view antiisraels protesters sentiment on College Campuses as ients semitism. President has been very clear wanting to maker that Jewish Americans that our americans muslims are protected as relates to peaceful protesting people have the right to do that. Florida governor 2024 president ial candidate ron desantis have it being back on x, posting the Biden Administration is dead wrong, no one has a right to come to our country cheryl i think on to something here because it shouldnt be that a country is just wideopen that anybody just comes there are people waiting in line, to get a visa waiting to become citizen people coming on own will jumping ahead of everybody else people wait a long time so they can actually do it in a legal way. Cheryl john kirby had to say that he said look this is First Amendment right, certainly constitution makes us a the democracy the constitution helps us maintain the freedom that we enjoy as americans folks from other countries coming in here, and leading protesters in particularly propalestinian some pro hamas protesters we at fox have a brain room tracker on campus protests we are adding four more universities to tracker in addition to harvard yale columbia nyu brown, northeastern, perdue, university of florida because you this is now movement that is i exploded i am not sure half kids even know what they are talking about or if ever to the middle east just my opinion. But what we are seeing break out cross College Campuses dangerous attacks on Police Officers some Point Administration john kirby kjp address violence on u. S. Streets. Maria i agree with you i dont think students have a clue i mean joe, look, at this point, it is very hard to go out and protest against what were seeing here, and protest in favor of hamas after manhandling we saw the way they treated children and women atrocities they have done in this unprovoked attack on israel worries the war in israel intensifies broadens out daly call obtained a letter that trying to stop from take can go refugees customs and Border Protection had socalled special interest aliens last several years we want a diverse country lots of cultures but as we know there are terrorists that are coming through the border, and being apprehended, youve got to do something about it. Of course, we have to start by pulling back the curtain on this hypocrisy the left always stands for cancel culture want words of violence will ruin your job your career if you say she, her inassessed of, him, you have student groups on our dime in many cases out there, supporting the murder of jews in israel, jews in United States we have right obligation to protect citizens, these are the most hypocritical people i ever met because when it comes to real potential violence they are silent is if dismissive getting behind them we have unsecured border no one in Democratic Party seems to take seriously not just managers i suspect if you polled americans would be more comfortable with migrants want to come here to work rather than Hamas Terrorists want to kill American Jews we cant have a say Biden Administration rolled back every tool we have on the border, our northern and southern border to regulate who coles here legally and who he cant. Maria interesting that wall street ceos are all in saudi arabia this week, appearing at the saudi conference amid this conflict youve got wall street top financiers showing up at saudi arabia conference, actually weve been to on this program a couple years ago, Goldman Sachs, Jpmorgan Jamie dimon, citi, jane fraser among high group of bankers Asset Administration at refute Investment ConferenceRitzcarlton Hotel in riyadh, ray dalio there as well at this conference, larry fink, Steven Schwartzman interesting to see this happening in the admitted of all of this in middle east, youve got former president barack obama issuing a statement yesterday in war on israel, he warned that israel a ground operation in gaza could backfire, if Palestinian Civilians are put in harms way he condemned hamas attacks criticized israelito decisions to cut off food, water electricity throughout gaza saying he could further, hardenplan palestinian attitudes for generations. His speech. We americans too protected in ivory towers videotape shows brutization beheading, mismember meant rape of children, women, we cant be outraged if we are protected from seeing that information, so we cant respond appropriately with outrage we should be feeling, because we are too protected by unfortunately american we have to understand bhoo is really going on the American Public can have right response, you know two of the universities cheryl mentioned am i alumni university, involved, pro hamas rallies i am shocked we have to understand what is really happening if they are going to protect us saying were not outraged this is outrageous outrageous, outrageous. Maria all appeasement of Obama Administration last person we need lecture from are is from barack obama. Weve got a spotlight on it well be right back. 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 . Maria welcome back lets take a look at futures where we are looking at indication of a strong rally start of trading this morning, in dow industrials up 124, nasdaq up 75, s p 500 higher by 20 points right now it is largely due to betterthanexpected earnings, week of have a number of Industrial Companies raised guidance General Electric among best this morning better better earnings ge stock almost up 6 there it is 112 and change watching Interest Rates as well 10year treasury yield retreating, after 5 yesterday, as you can see, 10 year ut up two basis points 4. 874 ge General Motors verizon cocacola double beat ge coke raising guidance after the bell microsoft, alphabet the tech parade continues meta tomorrow on thursday, amazon, may set tone for rest of the week joining me right now to look ahead iransides economic managing partner barry knapp thanks for being here reaction to earnings could color our expectations for the macrostory. Its very much a situation of potential productivity boom set against a policy bust, right . So we have policy overhang from the fed policy overhang from all debt fiscal authorities saddled us but 140 billion treasurys for sale this weaker in belly of the Treasury Curve the part under pressure but are on the other hand we do have, very Strong Capital spending cycle a potential real productivity boom this Business Cycle, last Business Cycle was really weak for productivity from 2011 to 2017. But started to accelerate in 2018 attribute to Technology Innovation adoption in Consumer Services sector, that is likely was accelerated most likely by pandemic, i think a. I. Is a subset of that potential productivity boom so got dynamic private sector against really misor ill revived policy last weeks Bank Earnings part and parcel banks struggling regionals in particular mightily with the way fed went around, about this tightening, deep inversion of the yield curve, so, you know just trying to get to the other side hope the fed stops with this we start to get stability in the Public Sector finance but, again, it is a big tradeoff here. Maria can you mentioned o innovation, somebody said earlier a week about a. I. Microsoft tonight we will probably here about most recent acquisition that investment they made in openai that, chatgpt company. So we are watching that, but i want your take on what 5 means hit 5 yesterday briefly 16year high Interest Rates how does that play out in terms of cutting into what were expecting to be growth in the quarter . You know this is what i have been describing unstable equilibrium the yield curve needs to disinvert by early 2024 we have huge amount of multifamily real estate going to need to be refinanced, whole like a Million Units under construction right now Office Buildings we know all about problems there high yield Small Businesses all these industries struggling Banking System right now, with inverted yield curve cannot roll multifamily Real Estate Debt we need this invert curve some cheering 2s, 10 curve disinverting close to fat absolute worst way to disinvert curve having back end sell off raise rates going to leave a real you know series of wounds in the Banking System, a third of assets are vested in securities. So you know Small Businesses going to struggle regoing to struggle Banking System not able to supply credit, this is just not a good outlook i think fed will wind up having to cut rates a percent next year, they wont admit it yet, you know just sort of headed for crackup will force them to do it this is you know, agency i said just, when you disinvert curving having back end sell off this sharply, it is going to cause serious losses, not just in investor accounts but in real economy, in the Banking System in particular. Layer on to that pressure of oil Oil Prices Higher rebounding investors on edge over israelhamas war may disrupt exports obviously, when anything happens in oil rich nations we start seeing a worry around oil but you crude up to, not even highs of the will have a couple months. Situation with oil is fascinating i think the most underappreciated part of oil is 50 years, we ran big energy trade deserts what that meant effectively was when oil went up dollar tended to go down a cushion to china, japan korea, germany all Big IndustrialOil Importing custodians no longer true u. S. An i will exporter dollar positively he correspond ladies situation worse for china, japanan korea, germany the place really going to struggling with it european pmi positioning this morning terrible germany in deech manufacturing recession, oil surely going to exacerbate that problem, so it is an issue here but even bigger issue for most rest of the industrialized world. Maria i am glad you mentioned european purchasing managers index, because that gives a sense of the Manufacturing Sector, and we want to see that area do well. If were expecting growth in the economy, i mean if european pmis did not do well this morning what are you expecting from u. S. Pmis. Better because of if domestic investment idea that we have a manufacturing renaissance going on but larldly quell i washed asian exports sort of leading indicator Globe Manufacturing activity stabilizing but negative levels, so you know, the Manufacturing Sector very much seems you know, in con traction no real evidence of a rebound, again part of the economy, struggling. Of. Maria very interesting to see Top Bank Executives all in saudi arabia this week youve got ceos of Goldman SachsJpmorgan Citigroup blackrock in saudi arabia this morning despite concerns over traveling until the middle east, bridgewater founder ray dalio, jane fraser said they are pessimistic, called out global Central Banks for dead wrong on financial forecasts what do you make of remarks from ceos of the leading banks . Yeah. I have so many thoughts, are respect to all this therl cheering on fed early in the cycle encouraging them to use their Interest Rate policies be very passive unwinding Balance Sheet caused deep inversion a handful of banks went under they are issue beneficiaries of it here well into krieshlg curve disinverting massive losses treasury pofltsdz mortgagebacked securities portfolios no longser so enthusiastic about way fed conducted this they are cheering fed on early, early in the process, so i dont have too much sympathy for them. You short banks, i guess they already have been under pressure into earnings, you think there is more volatility in declines in if bank then . I dont see easy way out for them not until fed decides they need to cut rates by a hundred basis points next year. Maria wow. A hundred basis points good stuff, good to see you. Thanks so much barry knapp in new york well be right back. Is it possible to fall in love with your home. Before you even step inside . 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Fellas, fellas. Thats how my son was able to find the hidden genius project. We wanted to give yall the necessary skills to compete with the future. Kevins now part of this next generation of young people who feel they can thrive. A welcome back breaking news out of middle east this morning one of the elderly israeli women released by hamas speaking with media this morning, fox news Foreign Correspondent trey yingst in southern israel this morning live with more trey . Reporter . Maria, good morning you can hear in distance outgoing israeli fire toward gaza, continues at this hour but we want to start with breaking news, 18 days into this conflict sirens sounding in central part of israelhamas Islamic Jihad maintained ability to fire rockets, into the middle of this country despite thousands every airstrikes that have taken place you can see Israeli Military releasing video 400 more strikes past 24 hours as they try to hit as many hamas Islamic Jihad cells as possible one piece of good news ray mid horrifically story two israeli hostages relieved as part of qatari efforts, 85yearold speaking about her experience. Translator to tell truth i have have been through hell never knew would come into this situation they laid me on my side on motor bike in gaza, dozens stormed our houses people kidnapped people like me no, no defense between all men or women it was very, very painful. Translator we know efforts underway to try to cut a deal with hamas free them but as leadership from hamas not in gaza but gulf spending aing out about the situation take an listen. Not hostages, secondly i told you will you let them go. I said we will release them, qatari announced that now in different locations we are keen on safety israel has killed more than 22 of them because of destruction it caused so therefor, netanyahu was keen on safety europeans americans are keen on their side, force israel to stop aggression to stop this genocide, this brutal war crimes committed every day. Reporter hamdz lying inside gaza concern hamas could try to divert humanitarian aid into strip more than two million civilians there many in need of food medical supplies, maria wow. What other what else can you tell us about treatment of hostages that you know of i know that you know israel stopped the fu