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A U.S.-sponsored draft resolution on the Israel-Hamas war that was expected to be voted on at the United Nations Security Council on Tuesday includes no mention of Iran, the main patron of the Hamas and Hezbollah terror organizations. 

The original draft resolution had called on Iran to stop funding terror groups, according to a Saturday report from Reuters. The first draft resolution, since obtained by Fox News Digital, stated that ‘Iran must cease the export of all arms and related matériel to armed militias and terrorist groups threatening peace and security across the region, including Hamas …’

The latest version – which was expected to be voted on Tuesday, but negotiations are ongoing – features no mention of Iran, however. Fox News Digital obtained a copy of the latest draft resolution that ‘Urges Member States to intensify their efforts to suppress the financing of terrorism, including by restricting financing of Hamas through applicable national-level authorities, in accordance with international law and consistent with Resolution 2482 (2019).’

In a statement to Fox News Digital, a spokesperson for the U.S. mission to the U.N. blamed Russia for Iran’s omission from the latest draft resolution.

‘The Biden Administration has been unequivocal in its condemnation of Iran’s longtime support of terrorist groups such as Hamas and Hezbollah – and we will never hesitate to hold Iran accountable for its destabilizing activities,’ the spokesperson wrote. ‘Regarding the U.N. resolution, Russia’s mission in New York insisted that references to Iran be removed. I suggest reaching out to the Russians to ask why they made those demands. That said, the Resolution has very strong language that applies directly to Iran, including calls to suppress financing of Hamas (Op 14), to prevent the export of arms and [matériel] to Hamas (Op 16), and language on Iran-backed Hizballah ceasing its cross border attacks (Op 15).’

The paragraphs that the U.S. spokesperson says refer directly to Iran in the latest draft resolution ‘Calls on all States and international organizations to intensify urgent, concrete steps to support efforts by the United Nations and regional States to prevent the violence in Gaza from escalating, spilling over or expanding to other areas in the region, and calls on all those with influence to work towards this objective, including by demanding the immediate cessation by Hezbollah and other armed-groups of all attacks which constitute clear violations of Resolution 1701 (2006) and relevant Security Council resolutions …’

Whereas operating paragraph 16 states, ‘Calls on all States to take practical steps to prevent the export of arms and matériel to armed militias and terrorist groups operating in Gaza, including Hamas …’

Fox News Digital inspected both drafts and confirmed that any mention of Iran had been removed from the latest draft of the resolution.

While there was no mention of Iran in the U.S. draft resolution, Secretary of State Antony Blinken warned Iran during his speech to the Security Council, ‘The United States does not seek conflict with Iran. We do not want this war to widen. But if Iran or its proxies attack U.S. personnel anywhere, make no mistake, we will defend our people. We will defend our security swiftly and decisively.’

Blinken continued, ‘To all the members of this council: If you, like the United States, wants to prevent this conflict from spreading, tell Iran, tell its proxies – in public, in private, through every means – do not open another front against [Israel] in this conflict. Do not attack Israel’s partners. And we urge members to go a step further. Make clear that if Iran or its proxies widen this conflict and put more civilians at risk, you will hold them accountable. Act as if the security and stability of the entire region and beyond is on the line because it is.’

Fox News Digital reached out to the Russian spokesperson to its U.N. mission to ask why they insisted that Iran be taken out of the draft resolution.

According to sources, Russia has introduced its own U.N. draft Security Council resolution, which calls for a humanitarian cease-fire. The draft text is expected to be voted on once the U.S. has a vote on its draft resolution.

Earlier this month, Hamas terrorists launched thousands of missiles at Israel and invaded towns along the Gaza border, killing at least 1,400 people and wounding thousands more. The actions from the Iran-backed group resulted in Israel declaring war against the terror group.

Just before the Hamas attack, Iranian Supreme Leader Ayatollah Ali Khamenei wrote on the social media platform X, formerly known as Twitter, that ‘the usurper regime is coming to an end,’ in reference to Israel.

‘Today, the Palestinian youth and the anti-oppression, anti-occupation movement in Palestine is more energetic, more alive, and more prepared than ever during the past 70 or 80 years,’ he wrote. ‘God willing, the movement will achieve its goals.’

On Monday, senior Pentagon officials said they expect to see a ‘significant escalation’ of attacks against U.S. troops in the Middle East, adding that the attacks have ‘Iranian fingerprints all over’ them.

A senior U.S. defense official and a senior U.S. military official held a background briefing on Monday afternoon, and both officials suggested that attacks will likely increase on U.S. troops over the coming days.

The defense official reiterated that Iran is funding, equipping, guiding and directing partners and proxies across the Middle East, including Lebanese Hezbollah militia groups in Iran, Syria and Yemen.

‘I think it’s fair to say when you see this uptick in activity in attacks by many of these groups, there’s Iranian fingerprints all over it,’ the defense official said.

Fox News’ Peter Aitken and Greg Wehner contributed to this report.

This post appeared first on FOX NEWS

When Microsoft (MSFT) reported earnings last July, it topped earnings and revenue expectations yet got toppled by the company’s guidance for the quarter reported today (Tuesday).

Fears of a worsening economy were prompting organizations to reduce cloud service spending, and that’s one of MSFT’s biggest revenue drivers. In addition, MSFT laid off 10,000 employees at the start of the month. And for the first time since 2016, the company reduced its R&D spending. 

The technicals, however, showed resilient long-term strength despite near-term weakness. And today’s earnings smash was the turning point that validated the bullish outlook.

MSFT Stock Price Shows Near-Term Weakness But Long-Term Strength

Let’s look at the weekly and daily price action leading to today’s earnings report.

CHART 1: WEEKLY CHART OF MSFT STOCK. Note the near-term decline and the levels of support below current prices. Chart source: StockCharts.com. For educational purposes.

On a weekly scale, you can see that MSFT has been on a steady short-term decline since July, its last reporting period, giving two consecutive lower highs (see blue downtrend). However, MSFT prices have also tested and bounced off the historical support level of $311 twice, which shows that this support level has some resilience. Should MSFT break below $311, it would likely find support at $290.75 (pink dashed line). The Relative Strength Index (RSI), for now, shows momentum looking relatively bullish as it’s rising over the 50 line. And prices are well above the 200-period simple moving average (red line), which provided critical support twice, in October 2022 and January of this year. 

Overall, the longer-term picture looks bullish. However, there’s room for near-term weakness. Earnings in the next few quarters will determine the near-term outcome.

Now, let’s turn to a daily chart of MSFT stock and compare its performance against the S&P and its sector (using XLK, Technology Select Sector SPDR Fund, as a proxy).

CHART 2: DAILY CHART OF MSFT. The stock is trading above its 200-day moving average despite showing a near-term decline. The Chaikin Money Flow indicator is showing signs of bullish momentum. Chart source: StockCharts.com. For educational purposes.

The daily chart for MSFT, much like its weekly counterpart, reveals that the stock is significantly above its upward-trending 200-day SMA. This suggests strong support if the stock’s price dips in the short term. MSFT is outpacing the broader market ($SPX) by about 26% and the Tech sector by about 4.65%. This adds to its bullish stance somewhat. 

The Chaikin Money Flow (CMF) reveals early signs of bullish momentum. There’s a noticeable bullish divergence between the stock’s consecutive lower price points and increased buying pressure. Currently, with the CMF above zero, it indicates a trend where more investors are buying the stock than selling it off.

Outcome: MSFT Stock Jumps After Hours as Earnings Stun Wall Street

MSFT’s acrobatics are on full display as their net income skyrocketed by a whopping 27%. After two sluggish years, Azure’s cloud revenue grew, growing at a clip that had analysts scrambling to adjust their expectations. Shares jumped 5% after hours. MSFT’s EPS clocked in at $2.99 per share, topping the $2.65 consensus. Revenue bumped up 13% YoY. 

For bulls, $335 would have been a good entry point to go long (but with a deep stop loss at $311). If MSFT plunged on a miss, or if it falls back, then prices are likely to test $311, and the next support level, as mentioned earlier, is $290.75. Should a negative outcome materialize in the intermediate term, it would probably be a wise idea to wait until either level is retested before entering a long position on a bounce. 

The Bottom Line

In a market clouded by economic uncertainties, MSFT fired up its engines with a stellar earnings reveal. Despite corporate hiccups and global spending hesitations, Microsoft’s stock resilience is unmistakable, outpacing its peers and proving it’s not just a player in the big tech arena—it’s setting the pace. The charts don’t lie: near-term shadows can’t dim the long-term luminescence of MSFT’s bullish horizon. Still, it’s important to watch this space, as even the brightest stars don’t guarantee a continuous upward trajectory.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

First off, we are heading out of town to New York where I will be visiting in studio several media channels and hosts.

Then, we are off to Orlando for the MoneyShow.

On November 1st, Keith and I go on vacation until the middle of the month.

This is the last Daily I will be writing for a while.

However, I will have several clips in the next few days to share, and Geoff Bysshe will occasionally write the Daily in my absence.

That said, today, I began the day with the Benzinga Market Prep Show.

I am featuring this today as content because I hope it helps you look at the market objectively.

We did not discuss inflation, which, as you are aware, I believe can go hyper as geopolitical stress, social unrest, strikes for higher wages, and mother nature could each, or worse, all, kick into gear.

We discussed bonds, small caps, commercial real estate, retail, and a couple of stocks.

In that discussion, and on the heels of Bill Ackman’s statements along with our technical indicators, we spell out the exact relationships to watch.

Monday’s Daily explained how much long bonds factor into the equity (and commodity) equation.

We also cover small caps and the monthly charts, along with SPY, QQQ, Transports (IYT), and Retail (XRT).

If the decades have taught me anything, it’s that the simpler you can make the definitions, the better the comprehension.

It is with that in mind that we show you how easy it will be in just a short time to see where this market heads next.

Benzina Pre-Market Prep

In addition to the analysis, Joel and I talk about the floor days and how we figured out momentum with our senses!

Plus, we go over a couple of picks.

Thank you all for your continued readership and support.

I hope you have many profitable weeks.

Happy Trading.

This is for educational purposes only. Trading comes with risk.

If you find it difficult to execute the MarketGauge strategies or would like to explore how we can do it for you, please email Ben Scheibe at Benny@MGAMLLC.com, our Head of Institutional Sales. Cell: 612-518-2482.

For more detailed trading information about our blended models, tools and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.

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Get your copy of Plant Your Money Tree: A Guide to Growing Your Wealth.

Grow your wealth today and plant your money tree!

“I grew my money tree and so can you!” – Mish Schneider

Follow Mish on Twitter @marketminute for stock picks and more. Follow Mish on Instagram (mishschneider) for daily morning videos. To see updated media clips, click here.

Mish in the Media

Mish covers the bond rally and how the consumer could save the day in this video.

Hear Mish’s thoughts on earnings, the macro environment, and her three stock picks on Bloomberg BNN.

Ever thought of owning commodities? Hear what Mish says about the key commodities you should consider in this video.

Mish participates in Crypto Town Hall X Space. You can sign in to your X account and watch it here.

In this video, Mish talks about trading Garmin Ltd. (GRMN) on Business First AM.

Mish and Dale Pinkert discuss the disconnect between news and markets-and how to best invest right now in this video from ForexAnalytix’s pre-market show.

In this video from CMC Markets, Mish shares her short-term forecast for USD/JPY and popular commodity instruments ahead of the US PPI announcement and September’s Fed meeting minutes, with recent dovish comments from Fed officials suggesting a potential shift in the committee’s policies.

Mish joins Business First AM to discuss the market reaction to the war in Gaza in this video.

Mish covers bonds, small caps, transports and commodities-dues for the next moves in this video from Yahoo! Finance.

In this video from Real Vision, Mish joins Maggie Lake to share what her framework suggests about junk bonds and investment-grade bonds, what she’s watching in commodity markets, and how to structure a portfolio to navigate both bull and bear markets.

Coming Up:

October 26: Cheddar TV on the NYSE

October 27: Live in-studio with Charles Payne, Fox Business

October 27: Live in-studio with Yahoo Finance!

October 27: Recorded in-studio with Investor’s Business Daily

October 29-31: The Money Show

Weekly: Business First AM, CMC Markets

November 1–13 VACATION

ETF Summary

S&P 500 (SPY): 417–420 supportRussell 2000 (IWM): 170 now in the rearview mirrorDow (DIA): 332 pivotalNasdaq (QQQ): 351 recent low and supportRegional Banks (KRE): 35 next supportSemiconductors (SMH): 140 support.Transportation (IYT): 225 pivotalBiotechnology (IBB): 120 pivotalRetail (XRT): 57 key support still

Mish Schneider

MarketGauge.com

Director of Trading Research and Education

Big tech earnings week kicks off with Google parent Alphabet, Inc. (GOOGL) reporting on Tuesday after the close. More recently, the AI boom has been the biggest driver of the stock market, so that could be the main focus, as the big tech companies report. GOOGL has invested significantly into AI and will likely make it central to their search capabilities. Investors will be listening to how the company’s investments could pay off.

When GOOGL opens its books on Tuesday after the market close, investors will be closely listening for guidance, especially in the AI front. Analysts expect EPS of $1.45  and revenues of $75.94 billion. A lot is riding on GOOGL’s earnings report, and the results could push the stock price in either direction. A positive earnings report could send GOOGL’s stock price close to or above its all-time high. If earnings miss expectations, the stock price could see a significant fall. 

GOOGL Price Chart: A Weekly Perspective 

Google’s stock price has been trending higher in 2023 and is trading pretty close to its 52-week high. The Distance To 52-Week High is at 1.41%. When you look at the weekly chart of GOOGL stock, it’s clear that it was in a strong uptrend from April 2020 to November 2022. Since then, the stock went through a reversal and trended lower. But GOOGL has recovered from the downtrend and trended higher in 2023 (see chart below).

CHART 1: WEEKLY CHART OF GOOGL STOCK. Although the stock has been trending higher for 2023, its Q3 earnings report can have a significant impact on the price action of Google’s stock. Chart source: StockChartsACP. For educational purposes.

On the weekly chart, the 23.6% and 38.2% Fibonacci retracement levels coincide with the 21-week exponential moving average (EMA) and the 50-week simple moving average (SMA), respectively, critical support levels to watch.

GOOGL Price Chart: Daily Price Action

Switching to a daily chart of GOOGL (see chart below), you can see that GOOGL stock is holding support at the 50-day SMA. If earnings beat expectations and the company has a strong outlook on AI, the stock price could go higher.

CHART 2: DAILY CHART OF GOOGL STOCK. The daily chart shows a high SCTR score and a rising RSI. Both indicate strength in the stock. Let’s see if GOOGL’s Q3 earnings report sends this stock higher. Chart source: StockChartsACP. For educational purposes.The daily chart is showing strength. The stock bounced off its 50-day SMA and is trading above its 21-day EMA. The StockCharts Technical Rank (SCTR) is registering at around 95, which indicates the stock is strong. The relative strength index (RSI) is around 56, which suggests the stock has upside room if earnings are strong. 

Google’s stock price today is trading higher, but investors are probably waiting to hear what the company says in their earnings conference call before buying more shares. 

If earnings beat and guidance is positive, and the stock trends higher, look for a close above the October 12 high of $141.22. This would be a higher high, a requirement to seal the uptrend. 

If, on the other hand, GOOGL reports disappointing earnings, the stock price could fall significantly. A drop below the September 26 of $127.22 would bring the stock price to a lower low, which would be an indication of a downtrend.

Take a deep breath and wait for the 4:00 PM showdown. After-hours trading action should be interesting.

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The United Auto Workers union expanded its strike against Detroit’s Big Three for the second consecutive day as members at a major General Motors manufacturing plant walked off the job.

The union said 5,000 employees from the Arlington Assembly plant in Texas are now on strike. All of GM’s full-size internal combustion SUVs are worked on at that facility, including the Chevrolet Tahoe and Suburban, GMC Yukon and Yukon XL, and Cadillac Escalade and Escalade-V.

The move comes the same day General Motors reported its third-quarter results. The company said the strike has cost it around $800 million in pretax profits and it withdrew its 2023 profit forecast, but its quarterly adjusted earnings and revenue were better than Wall Street analysts had expected.

The expansion of the strike comes one day after 6,800 Stellantis employees walked off the job, shutting down manufacturing at a facility where Ram 1500 trucks are made.

In a statement, GM said it was ‘disappointed’ by the step.

“Last week, we provided a comprehensive offer to the UAW that increased the already substantial and historic offers we have made by approximately 25% in total value,” the company said.

It’s another escalation in the union’s strike against GM, Stellantis and Ford. The union previously ordered a walkout on Oct. 11, when it struck against Ford’s Kentucky Truck Plant.

Full-size SUVs and pickup trucks are some of the highest-priced and most profitable products that the Big Three make. They are also some of the most popular vehicles among U.S. consumers.

In the early weeks of the labor stoppage, the UAW had been calling on additional workers to go on strike once per week and was giving the automakers more notice about potential strikes. It also did not strike those truck and SUV plants initially.

The strike is now more than five weeks old, and the union appears to be moving at a faster pace to push the companies to complete a new contract.

Around 45,000 UAW members are now on strike out of a total of 146,000.

They’re seeking annual pay raises of more than 40% over a four-year contract, a shorter workweek, improved pensions for retirees, better health care, cost-of-living adjustments and an end to wage and benefit tiers.

The automakers have offered record contracts with pay increases of around 20%, as well as bonuses and other improved benefits.

The strike began on Sept. 15, after the contract between the union and the Big Three expired. It’s the first time the UAW has gone on strike against all three leading U.S. automakers at the same time.

This post appeared first on NBC NEWS

EXCLUSIVE: Sen. Tim Scott, R-S.C., is introducing a measure that would ‘protect our bases’ by requiring government agencies to ensure that updated information on sensitive military and intelligence sites is provided to the Committee on Foreign Investment in the United States (CFIUS) so that the panel can properly assess the national security risk of certain foreign land purchases.

Scott, the top Republican on the Senate Committee on Banking, Housing, and Urban Affairs, is rolling out the ‘Protect our Bases Act,’ which will ensure foreign land purchases near critical military and government sites are properly scrutinized by requiring government agencies to annually update and review their lists of sensitive sites with CFIUS.

CFIUS, which is composed of several national security agencies, is charged with reviewing certain acquisitions and real estate transactions made by foreign individuals or entities.

The bill comes after federal government officials warned of possible national security risks after Chinese-owned Fufeng Group purchased land in North Dakota. The company attempted to build a corn mill on that property, but local officials eventually rejected that proposal.

The Chinese company paid $2.3 million to purchase 300 acres of land just 12 miles from Grand Forks Air Force Base, home to top-secret U.S. drone technology.

At the time, CFIUS determined it could not evaluate the transaction for national security risks because the Department of Defense (DOD) had not listed the base as a sensitive site for national security purposes.

Scott said that while Grand Forks ultimately blocked the transaction, the incident demonstrated a significant flaw in the review process of foreign land purchases.

‘The Chinese Communist Party can’t be allowed to compromise the security of military and government facilities on our home turf,’ Scott told Fox News Digital. ‘By enhancing the review of foreign real estate transactions near sites that are vital to U.S. national security, this legislation will increase accountability to help ensure that the Committee on Foreign Investment in the United States can take proper action to push back on Communist China and keep our nation safe.’

Scott’s office told Fox News Digital that if CFIUS member agencies do not provide updated information on sensitive military, intelligence and national laboratory sites, then CFIUS cannot properly assess the security risk of foreign investment in the U.S. 

The bill is co-sponsored by Republican Sens. Mike Crapo of Idaho, Steve Daines of Montana, Mike Rounds of South Dakota, Bill Hagerty of Tennessee and Katie Britt of Alabama.

Meanwhile, following the Grand Forks transaction, the Biden administration tightened security around additional military installations across the country by requiring a strict review of foreign entities seeking to buy property around those facilities.

An official at the time told Fox News Digital that the Department of Defense decided which bases to add based on an evaluation of current national security concerns. DOD is expected to continue to assess its military installations and the geographic scope around them to ensure appropriate application in light of those national security considerations.

CFIUS and the Treasury Department declined to comment on Scott’s legislation.

This post appeared first on FOX NEWS

Amidst all the hand-wringing and outrage about the ill-timed replacement of the Republican Speaker of the House, it’s easy to lose sight of the big picture: this is what freedom looks like.

It isn’t easy. It isn’t fast. And it often isn’t pretty. Sometimes it’s a knock-down drag-out power struggle. That’s what governance from the bottom up looks like. Our Founders knew that. And they chose it anyway.  

That’s because the orderly, top-down power structure of dictators like Chinese president Xi Jinping comes at a huge cost to the people. Here in America, our power struggles happen out in the open, at least mostly in the open. Our representative republic can be cumbersome and chaotic, but only because we allow so many different voices to engage in the political process.  

The battle playing out in the halls of Congress is a feature of our system, not a bug. We can disagree with the actions of those who precipitated this vacuum of leadership at such a critical time. I disagree with their strategy even as I sympathize with their grievances. Nonetheless, I’m grateful the Speaker’s race is competitive – at least on the Republican side.

Certainly the Democrats enjoy less chaotic leadership changes. They fundamentally believe in top-down leadership, with a strong central government calling all the shots.  It’s in their DNA.  I believe this translates into a kind of lockstep caucus in which Nancy Pelosi was allowed to call all the shots.

For the Democrats, they profess to represent the American public, but their power structure emanates from the top. The elitists and big money control today’s Democrat Party, not the working man or woman despite the desperate attempt to brand the party as swelling from the grassroots.

That’s much less true in the Republican Party, but more true than the ‘progressives’ of today. For the most part, Republicans remain the party of individual rights, self-determination, grassroots leadership, and local control. That translates to how the body functions in the U.S. House of Representatives, the people’s house. In the GOP, they squabble, negotiate, disagree, and actually debate.

I’m as frustrated as anyone about the House Republicans’ fruitless quest for consensus at this critical time. But for all the Republicans complaining about one person wanting to re-vote on who is the Speaker, you voted for that right in the Rules. Hard to complain about something you voted for, but now dislike less than a year later.

Yet, we should all be grateful for a system that still enables such battles to play out where power is not absolute and perpetual.

Freedom is not for the faint of heart. It’s for people who can handle the chaos of a representative republic. We can. And we will. Somehow, some way we will figure out our way through this and be a stronger republic because of it.

The speaker’s race may get worse before it gets better. It could be a long battle.  But in the end, we are better off for letting it play out. We must be patient, even as we make our own demands known. This is the system that produces the greatest happiness, growth and prosperity the world has ever known. 

This post appeared first on FOX NEWS

French President Emmanuel Macron met with Israeli President Benjamin Netanyahu on Tuesday and called for the international coalition initially built to fight against ISIS to now target Hamas.

The U.S.-led coalition has fought ISIS in the Middle East for years, and Macron did not offer details about how the coalition could be involved in Israel’s retaliatory war against Hamas. Israel has appeared poised for a ground invasion of Gaza for more than a week.

‘France is ready for the international coalition against Daesh in which we are taking part for operations in Iraq and Syria to also fight against Hamas,’ he told reporters, using another term used for ISIS.

He added that the fight against Hamas ‘must be without mercy but not without rules.’

Netanyahu has called for international support for the war against Hamas, but Israel has not requested any foreign boots on the ground. The U.S. has devoted two aircraft carrier strike groups to the Eastern Mediterranean as a deterrent for Iran, Hezbollah or other regional powers from joining the war against Israel.

Both Israeli and U.S. officials have suggested that U.S. forces would intervene should Iran or its proxy, Hezbollah, join the war.

The Israeli Defense Forces (IDF) have been massed around the Gaza Strip for more than a week, poised for an invasion. That order has yet to come down, however, and hostage negotiations remain ongoing.

Hamas terrorists took more than 200 hostages during their Oct. 7 massacre in Israel. So far, two Americans and two Israelis have been released.

The IDF said Tuesday that it dropped leaflets in the Gaza Strip making a direct appeal to Palestinians to provide Israel with information on hostages held by Hamas.

‘If you want a better future for you and your children, take action and provide us with solid and useful information as soon as possible regarding the hostages in your area,’ the leaflet reads.

The Israelis are offering protection and even a monetary award to any Palestinian who comes forward with verifiable information leading to the rescue of an Israeli hostage.

Reuters contributed to this report.

This post appeared first on FOX NEWS

Some House Republicans who voted to oust former House Speaker Kevin McCarthy, R-Calif., appear open to Majority Whip Tom Emmer’s candidacy for the gavel.

Emmer is one of several Republicans gunning for the speaker’s gavel after the last nominee, Rep. Jim Jordan of Ohio, failed to secure enough votes to ascend to the top House office.

The majority whip rolled into Tuesday morning’s votes with an endorsement from McCarthy, and at least two of the members who ousted the now-former speaker are open to an Emmer candidacy.

A spokesperson for Rep. Ken Buck, R-Colo., told Fox News Digital that the congressman has not made a public endorsement of any candidate yet but is close to Emmer and voted for the whip several times on the House floor during last week’s three rounds of balloting.

Tennessee GOP Rep. Tim Burchett’s spokesperson told Fox News Digital that, while the congressman has not specifically endorsed Emmer, he would vote for any candidate that can get the 217 votes needed to get the speakership — including the whip.

A spokesperson for Rep. Matt Rosendale, R-Mont., told Fox News Digital the congressman plans to support whoever the GOP nominee ends up being.

Arizona Republican Rep. Andy Biggs’ spokesperson told Fox News Digital that the congressman isn’t publicly revealing who he is supporting at the moment.

The offices of GOP Reps. Matt Gaetz of Florida, Nancy Mace of South Carolina, Bob Good of Virginia, and Eli Crane of Arizona did not immediately respond to Fox News Digital’s requests for comment.

Emmer is currently the front-runner in the internal contest that began voting on Tuesday morning.

The Minnesota Republican won 78 votes in the first round on Tuesday morning, with the closest second candidate — Rep. Byron Donalds, R-Fla. — securing just 29.

It’s likely to take several rounds of voting – a candidate must win a conference majority to be named speaker-designate under current House GOP Conference rules.

If no candidate manages to win a majority during a given round, the person with the least amount of votes is withdrawn from the race and another round is held. 

It’s unclear whether Emmer will succeed where Jordan and House Majority Leader Steve Scalise, R-La., failed — convincing the various factions within the GOP to unite around his leadership.

‘He is the right person for the job. He can unite the conference,’ McCarthy said of Emmer. ‘He understands the dynamics of the conference. He also understands what it takes to win and keep a majority.’

Emmer said he would use teamwork, communication and respect to build on the success Republicans had taking back the House majority in 2022 and scoring legislative wins.

‘Our Conference remains at a crossroads, and the deck is stacked against us. We have no choice but to fight like hell to hold on to our House majority and deliver on our conservative agenda,’ Emmer told Republican members of Congress in a letter Saturday about his bid for the speaker’s gavel.

The election comes three weeks after McCarthy’s ouster from the top job, the first time in history the House of Representatives removed their leader in the middle of a congressional term.

Fox News Digital’s Elizabeth Elkind, Adam Shaw, and Thomas Phippen contributed reporting.

This post appeared first on FOX NEWS

Hamas terrorists in Gaza launched a massive series of rocket barrages into Israel on Tuesday, with some observers saying it is the largest wave since Hamas’ Oct. 7 assault.

The barrage centered on Tel Aviv, but rocket sirens blared across more than a dozen cities, and maps of rocket alerts displayed a sea of red warning signs in central Israel.

Hamas has fired thousands of rockets into Israel since launching its unprecedented assault on Oct. 7. Israel has responded in kind, destroying thousands of Hamas targets in Gaza with airstrikes.

Nevertheless, the Tuesday barrage from Hamas marks a spike in its aggression over the past 18 days of war, with the Jerusalem Post reporting that it is the single largest attack since the war began, next to the Hamas violence on Oct. 7.

At least five Israelis were wounded in Tuesday’s barrage, according to the Post. The injuries took place in separate incidents in Holon, Tel Aviv, Kfar Saba, Be’er Yaakov and Yavne.

The Israeli military remains poised for a ground invasion of Gaza at any moment, though plans for such an operation have been delayed. IDF Chief of Staff Lt.-Gen. Herzi Halevi told reporters that Israel is ‘ready to invade,’ but nevertheless explained the delay.

‘At this stage, there are tactical and strategic factors which are allowing us more time to improve and to exploit every minute to be more ready,’ he said. ‘With every minute that passes for the other side, we are attacking the enemy more, killing his fighters, killing his commanders, destroying his infrastructure, and collecting more intelligence for the next moves.’

Meanwhile, President Biden’s administration has also urged Israel to delay the invasion in hopes of providing more time to negotiate the release of hostages.

Hamas has so far released four of the roughly 200 hostages it took in the Oct. 7 attack. The terror groups released two Americans and two Israelis, but there have been no further updates on negotiations.

Israeli Prime Minister Benjamin Netanyahu has vowed to ‘destroy’ Hamas, and he has the full support of the U.S. and other Western nations.

French President Emmanuel Macron met with Netanyahu on Tuesday and said the campaign against Hamas must be ‘without mercy, but not without rules.’

This post appeared first on FOX NEWS