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close video GOP mega-donor urges Trump to drop out of 2024 race

Point Bridge Capital founder Hal Lambert explains why he shifted support from former President Donald Trump to Florida Gov. Ron DeSantis in a FOX Business exclusive.

Ahead of Gov. Ron DeSantis' anticipated announcement this week, a GOP mega-donor is throwing his support toward the Florida Republican instead of former President Donald Trump.

Point Bridge Capital founder Hal Lambert explained in a FOX Business exclusive interview why he believes it's "time [for the Republican Party] to move on" to younger leadership.

"There's a number of reasons," Lambert said Tuesday on "Cavuto: Coast to Coast." "One, Donald Trump can only serve one term. He'll effectively be a lame duck almost on day one, if he were to win. But I don't think he can win the general [election]. That's the No. 2 reason. I don't think he can win the general.

"It's time to move on to the next generation. And Gov. DeSantis has a vision forward versus hashing out things from the past."

DESANTIS LANDS ENDORSEMENT FROM MAGA MEGA-DONOR

Lambert had served on Trump's inaugural committee in 2016. In addition, he founded Point Bridge Capital, also known as "MAGA ETF," as an exchange-traded fund that invests only in companies with employees and political action committees that support Republican candidates.

Florida Gov. Ron DeSantis, left, is expected to announce a 2024 presidential bid this week as donors begin to rally support for the Republican governor. (Mark Wilson/Getty Images / Getty Images)

After going public with his candidate decision Monday, Lambert explained his rationale for supporting DeSantis.

"I like Donald Trump's policies. I like what he did. I'm basing it on bringing the country back together," Lambert said. "[Trump] is so divisive right now. If he were the nominee, this would be another situation where we're going to have the country, our own country, battling internally against each other in a way that's not healthy. … I don't think it's healthy for the country to have to go through this in 2024 unnecessarily.

"We have a candidate in Ron DeSantis that can win, that has a record, that's conservative, that's the next generation. Why go through this unnecessary kind of hatred of each other in the country?"

DESANTIS TOUTS FLORIDA'S LOW UNEMPLOYMENT RATE, INSISTS STATE IS ‘OUTPERFORMING THE NATION’

In a Harvard CAPS/Harris poll from last week, 58% of Republican voters favored Trump, while 16% supported DeSantis for the GOP nomination. Lambert argues that Trump has "peaked" in the polls, and DeSantis is poised to close the gap quickly.

“It’s time to move on to the next generation. And Gov. DeSantis has a vision forward versus hashing out things from the past.” Hal Lambert

"I don't think that's that great in the Republican primary. I mean, he's the former president and yet basically half of the party would prefer someone else," Lambert said.

He also said DeSantis brings a positive conservative record on which to run, especially in light of his second-term gubernatorial victory in the 2022 election, which he sealed by almost 20 points.

"He's done it because he's been a good governor, and he's got a lot of legislation passed, whether it's on schools and having freedom of school choice, whether it's on immigration, whether it's on mundane things like insurance reform. He's done a lot of great things in Florida. So, he has a record. He's been able to get things done, and he'll run on that," Lambert said. close video DeSantis has ‘long coattails, Donald Trump doesn’t’: Eberhart

Canary CEO Dan Eberhart joined Varney & Co. to discuss why he’s supporting Florida Gov. Ron DeSantis and to weigh in on the government attempting to replenish the emergency oil reserve.

Lambert also weighed in on the governor's feud with Disney in the Sunshine State. In response to the ongoing legal tussle, Disney recently announced it is scratching plans for a new campus in Orlando that would have brought some 2,000 jobs to the state as part of a roughly $1 billion investment.Stocks in this Article DIS THE WALT DISNEY CO. $89.07 -0.75 (-0.84%)

DeSantis has faced criticism for the Disney battle, but Lambert said the move is simply a "state issue" that would not be a problem at the federal level.

"I don't think [DeSantis] would ever do this at a federal level, and I certainly wouldn't recommend it. But states have a right to work with the companies that are in their state," he said.

DISNEY SCRAPS $1B FLORIDA DEVELOPMENT AS WAR WITH DESANTIS RAGES ON

"The fact that they're not going to have 2,000 additional employees of Disney in the state, I don't think it's going to move the needle. It's a headline. And I don't think that he's going to back away from the stance on Disney."

In outlining his support for DeSantis, Lambert urged Trump to "drop out" of the 2024 race.

"I think Donald Trump should drop out of the race, quite frankly, for the better of the country," he said.

"Everyone said in 2016 he couldn't get elected, but he was running against Hillary Clinton, which people hated. People hated Hillary Clinton. Even her own party didn't really like her. It's kind of a similar situation. So, Trump wasn't hated in 2016 by the left the way he is today," he said. "The big difference is the four years that he served and then afterward and what's going on, he's created a situation where many, many people simply hate him, and he's not going to win them over." close video Republican nominee will either be Trump or DeSantis: Soave

“Kennedy” panelists Leslie Marshall, Charlie Hurt and Robby Soave discuss Sen. Tim Scott, R-S.C., announcing his bid for the Republican presidential nomination.

Fox News Digital reached out to Trump and his campaign but did not immediately hear back.

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Lambert said he plans to do "everything I can" to help DeSantis get the Republican nomination once he formally announces his bid this week.

"If you look at a DeSantis-versus-Biden, it's a very stark contrast," he said. "It's the next generation moving forward. I think that's what the American people are ultimately going to decide that they want to have. I just don't think we want to see a Biden-Trump re-election battle."

Fox News' Patrick Hauf and FOX Business' Paul Steinhauser, Andrew Murray and Breck Dumas contributed to this report.

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Massive fire breaks out at Chevron oil refinery in California

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Massive fire breaks out at Chevron oil refinery in California

An aerial view of Chevron crews attempting to extinguish a large fire and explosion that occurred at Chevron Refinery in El Segundo Thursday, Oct. 2, 2025.

Allen J. Schaben | Los Angeles Times | Getty Images

A huge fire broke out on Thursday night at a Chevron jet fuel production unit in California, one of the largest refineries on the U.S. west coast, following reports of an explosion.

No injuries were reported from the incident at the El Segundo plant, Chevron said on Friday, with the U.S. energy major’s fire department personnel and emergency services “actively responding” to the situation.

It was not immediately clear what caused the blaze.

“All refinery personnel and contractors have been accounted for and there are no injuries,” Chevron said in a statement, according to NBC.

“No evacuation orders for area residents have been put in place by emergency response agencies monitoring the incident, and no exceedances have been detected by the facilities fence line monitoring system,” the company added.

This is breaking news. Please refresh for updates.

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Met Police calls for protest against Palestine Action ban to be cancelled after Manchester synagogue attack

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Met Police calls for protest against Palestine Action ban to be cancelled after Manchester synagogue attack

The Metropolitan Police has called for a planned protest in support of the banned Palestine Action group to be delayed or cancelled after Thursday’s synagogue attack in Manchester.

In a statement, the force said it wanted to deploy every available officer to protect Jewish communities, but was instead having to prepare for Saturday’s planned gathering in London’s Trafalgar Square.

Palestine Action was banned under anti-terrorism laws in July.

Politics latest: Mahmood says pro-Palestinian protests ‘dishonourable’ after Manchester attack

“The horrific terrorist attack that took place in Manchester yesterday will have caused significant fear and concern in communities across the UK, including here in London,” the Met said.

“Yet at a time when we want to be deploying every available officer to ensure the safety of those communities, we are instead having to plan for a gathering of more than 1,000 people in Trafalgar Square on Saturday in support of a terrorist organisation.

“By choosing to encourage mass law breaking on this scale, Defend Our Juries [the protest organisers] are drawing resources away from the communities of London at a time when they are needed most.”

But Defend Our Juries, which has led demonstrations against the ban on Palestine Action, said it planned to go ahead with the march.

A statement from the group on social media said: “Today, the Metropolitan Police wrote to us to ask that we postpone Saturday’s mass protest in Trafalgar Square, citing ‘significant pressure on policing’.

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“Our response in short: Don’t arrest us then.”

It comes after the home secretary criticised separate pro-Palestinian protests held last night as “fundamentally un-British” and “dishonourable”.

A demonstration – held to protest the Israeli navy halting a flotilla carrying aid to Gaza – was held in London’s Whitehall on Thursday evening, hours after the attack in Crumpsall that killed two Jewish men.

The Metropolitan Police said 40 people had been arrested in the course of the protest, six of whom were arrested for assaults on police officers.

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Mahmood ‘disappointed’ with pro-Palestine protests

Speaking to Anna Jones on Sky News Breakfast, Shabana Mahmood said she was “very disappointed” to see the protests go ahead, given the context.

“I think that behaviour is fundamentally un-British,” she said. “I think it’s dishonourable.”

She said the issues that had been driving the pro-Palestine protests have been “going on for some time” and “don’t look like they’re going to come to an end any day soon” – but that those behind the demonstrations could have taken a “step back”.

“They could have stepped back and just given a community that has suffered deep loss just a day or two to process what has happened and to carry on with the grieving process,” she said.

“I think some humanity could have been shown.”

Any further protests must “comply with the law and, where someone steps outside of the law of our land, they will be arrested”, the home secretary warned.

She added: “And to anybody who is thinking about going on a protest, what I would say is, imagine if that was you that has had a family member murdered on the holiest day in your faith. Imagine how you would feel and then just step back for a minute, give people a chance to grieve.

“We can get back to our protests later – just because you have a freedom doesn’t mean you have to use it.”

However, Zack Polanski, the leader of the Green Party, accused the home secretary of being “deeply irresponsible” for her comments about pro-Palestine protests.

“I think ultimately conflating protests against the genocide in Gaza and ultimately weaponising that against an anti-Semitic attack on our streets, a terrorist attack, is deeply irresponsible,” he told Sky News Breakfast.

The Green Party leader said it was “worrying when governments are increasingly trying to crush down dissent” and using “what is a brutal attack… to try and make a point about protest”.

“We need statesmanship at this moment. We need responsibility,” he added.

The two men killed outside the Heaton Park Hebrew Congregation Synagogue in Thursday’s attack have been named by police as Adrian Daulby, 53, and Melvin Cravitz, 66.

The suspect has been named as Jihad al Shamie – a 35-year-old British citizen of Syrian descent.

He is understood to have been granted British citizenship in 2006 when he was around 16 years old, having entered the UK as a young child.

Ms Mahmood confirmed to Sky News that the perpetrator was not known to counter-terror police and that he had not been referred to the government’s anti-terrorism scheme Prevent.

Three other people – two men in their 30s and a woman in her 60s – have been arrested on suspicion of the commission, preparation and instigation of acts of terrorism.

Read more:
What we know about the attack
Starmer vows to ‘wrap arms’ around Jewish community

Asked if she was concerned about further attacks, Ms Mahmood said the government was on “high alert”.

She said there had been an increase in police resources not just in Manchester but across he country.

“We as a government want to make sure that people feel safe going about their business today; so people will see an increased police presence, particularly around synagogues and other places of interest for the Jewish community,” she said.

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The Green Party might be small but it’s thinking big – can it make a dent in Reform’s rise?

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The Green Party might be small but it's thinking big - can it make a dent in Reform's rise?

It’s a small party with big ambition, a handful of MPs led by a controversial but charismatic leader determined to turn anti-establishment sentiment into a major political breakthrough.

No, not Reform – it’s the Greens with a palpable new air of brashness and confidence that will be making waves this weekend, as their party conference commences in the seaside town of Bournemouth.

As a movement in the UK, they have maintained a steadfast presence over many years but have failed to really cut through nationally, with disenfranchised left-wingers more inclined to drift to the Lib Dems.

The last general election was different though, taking them from one to four MPs – no mean feat in a first past the post system.

And now a potent mixture of fractured politics and mass disappointment at Labour’s faltering first year in office has left an opportunity for even greater advancement.

Ready to seize it is their newly elected leader, Zack Polanski, whose style seems well-suited to the current climate and is far more confrontational than his gentler predecessors.

He is adept at social media and takes to it with an ease almost every other politician can only dream of – no clunky attempts at mimicking influencers or boring walking and talking in the constituency videos.

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Instead, he goes out and interviews voters himself, coming across as interested and persuasive and has even started his own podcast, which is well-executed and engaging.

Another explanation of their current momentum is their policies which are clear, memorable and indicative of their values – something that most political parties aim for but don’t often achieve.

The Greens would bring in a wealth tax aimed at the super rich, they would nationalise the water companies, they describe the assault on Gaza as genocide, they support self-ID for trans people, and of course, they want to protect the environment.

And I remembered all that without googling – how’s that for landing your message?

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‘We don’t have time to wait for Corbyn’

But of course, like all parties, especially those gaining support, they face challenges and criticism.

Their biggest obstacle as they grow will be maintaining unity amongst the increasingly disparate factions of new Green voters.

Is it possible to happily combine countryside-loving former Tories with angry ex-Labour city dwellers, pro-Gaza Muslims and trans activists?

So far, they seem to be managing it, but we’ll find out over the next few days if any cracks are starting to appear.

Another big obstacle is Nigel Farage, a figure uniquely skilled at demanding attention and dominating the political landscape.

When it comes to hoovering up the support of the disenfranchised, he’s been doing it for decades and it’s paying off, with polls now tipping him for prime minister.

Read more:
People in the UK have less disposable income

The battle for the soul of Your Party continues

Mr Polanski will accuse Labour of playing “handmaidens” to Reform’s “dangerous politics” rather than confronting it.

“When Farage says jump, Labour asks ‘how high’,” he will say.

Despite the Greens having a comparable number of MPs, they are not making the same kind of progress and like every other leader, Mr Polanksi will have to work out how to make a dent in Reform’s rise.

At the same time, they have a tricky challenger from their own side, with Jeremy Corbyn and Zarah Sultana’s chaotic new party likely to eat into their vote, if it can survive.

And finally, they also face the standard criticisms – that their sums don’t add up, that their tax and spend plans are unrealistic, that they are woke and disconnected – all of which they will need to take on to get closer to power.

These are just some of the issues that will come up in Bournemouth this weekend, where the forecast predicts a storm is coming – let’s see.

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