Transcripts For FBC Varney Company 20240622 : vimarsana.com

FBC Varney Company June 22, 2024

Varney company is about to begin. Look closely, please on the lower left of your screen you can see the flag atop the u. S. Capitol lowered to half staff in honor of the four marines and sailor killed last week in chattanooga. Speaker speaker Speaker Boehner making that order however at the white house the flag is not at half staff. Lawmakers want to know why. Listen to this. The flag goes to half mast for all other types of incidents around the country. Five servicemen have lost their lives. I cant imagine. When asked about the white house secretary josh earnest said today. Youll have the president discuss this more at his conference at the vfw. Stuart half staff at the capitol and full staff at the white house. More on this with an army combat veteran. Happening today, john kasich, the governor of ohio is announcing that he is running for the presidency. That will happen around 11 30 eastern woo well take you there live. Much more throughout the program. The focus on wall street big time tech stocks today, look at facebook, close to 100 a share and could get there at the opening bell. Premarket looking at 99. Moving on to amazon near 500 per share and one Investment Firm says this. Its going to overtake macys at the top apparel retailer by 2017. Thats facebook and amazon look at gold please. Stocks up gold down thats again very close to a fiveyear low. I want to get back to donald trump on the surface, the latest Washington Post abc poll shows a big lead. 24 12 jeb bush. Dig deeper support for trump fell after critical of john mccains service. Here is what they said on oreilly. I have respect for senator mccain. I used to support him a lot. I used to raise money for him against president obama. If theres with an a misunderstanding, i would totally take that back. Stuart oh a misunderstanding. Iowas largest newspaper calling for trump to drop out of the race and quote an editorial today in the Des Moines Register. If hes not already disqualified himself to demonize immigrants as rapists and drug dealers, after remarks about john mccain. When trump announced we said we should take him seriousliment what do you think now . They should take him seriously. That 24 he got in the Washington Post poll is probably his peak, but here is what republicans have to fear. And that is an another part of the poll that shows that in a threeway race with donald trump running as an independent, he takes votes away from say jeb bush like crazy and then jeb bush loses to Hillary Clinton with trump getting 20 . There are the calls for trump to drop out, hes not going to win the republican nomination, but may encourage him to run as an independent. Stuart hes not going to drop out. Do you think he would consider a Third Party Candidacy . Of course. He does have a he has a base of support that weve seen crop up and there is something about trump that a certain type of voter likes and that is hes not evasive. Most politicians you can sort of see the wheels turning in their head when theyre answering questions. With trump, whatever pops in his mind he says and there are an awful lot of people who like that. Stuart but fred then according he looks like hes the worst news possible for the Republican Party. Is he . Well he is. I agree with that and that is, but its not a problem now of what some of the republican elite think. Oh hes taking over the face of the Republican Party. Thats not happening. People know trump. Hes been around a long time. I think the worst possibility for republicans is that trump drops out in the early primaries and does run as an independent. That could be catastrophic for republicans. Stuart we hear you, fred barnes, thanks for being on the program. This is a crucial moment for republicans. Look at apple, the stock price is close to a record high and by the way, apple reports its profits later on this afternoon. Remember, they did make a billion dollars a week in profit last time around. That was just three months ago. Liz is here and investors are going back to the stock. 132, 133. They think that apple can make more money. What say you . Look the company has done an unbelievably good job for years and years. I think this Earnings Report is going to be very interesting because they have about 30 of their sales coming from china, china is in a marked slowdown and we will a he see what impact that has. U. S. Companies in general have been hurt by a strong dollar again thats an issue for apple. Probably the best the most interesting fast set of this Earnings Report is how is the apple watch doing . Because estimates have come down for sales on apples watch and probably not going to break it out, but everyone is going to try to ferret that information out from the Earnings Report and i think thats going to talk about the stock going forward. They need a constant stream of new exciting products to stay on the trajectory that theyre on. We barely work up to an Earnings Report coming out in seven hours. But its apple. Stuart and i want to know where else is a body investing these days other than technology, apple, Google Netflix its certainly not gold. Stuart thats why apple creates this level of interest. Another sad number. And breaking away for the markets yet again. A sad number for president obamas america. 22 of children in america live below the poverty line that was in 2013. Look at this. It was 18 in 2008. Ashley, how come more people more children are in poverty in 2013. Good question. Stuart the recession was at the high in 2008. Because the wages have gone down. 23,624 dollars a year households at that are considered in poverty. One in four children 19 million kids are living in poverty. Thats in the recovery. Thats now compared to as you said 18 since the recession began. The wrong direction. The greatest antiprofferty poverty in the world is growth. Sustained high growth. Were still not seeing it for every good report you get a negative report whether its retail sales or wages or whatever, and the truth is this has not been the priority of the Obama Administration. A republican needs to run on increasing growth. Jeb bush is talking about this and others are, thats what gets people out of poverty. If we had a couple of years of 4 growth. A huge difference a huge difference. That would make a big difference . It would. A huge difference. Absolutely. Let see if we get that at some point in the future. Indeed. Science technology always in our headlines, Lauren Simonetti wraps it together in case you missed it. Im a mini science reporter. Steven hawking, and a billionaire are looking for the most intense search for alien life. Theyve lost their program to look for life beyond the solar system. Theyve secured time on a powerful telescope to do so. El neneino, stronger and could have ripple effects on weather patterns. In the u. S. It could mean more rain in california a quieter atlantic Hurricane Season and a warmer winter across the country. Look at the video, an asteroid containing, get this 5 trillion worth of platinum. Its the closest path and it will not get closer for another 93 years. How can they know . Its a rock in space. They look at the glare that come off of it. Ill work on my skills for a better answers next time. Convincing. True that was basic. Stuart youve got to tune in fox business network, 5 00 in the morning, thats 5 00 eastern time. You want to see Lauren Sandra and nicole bright and early. At 5 00 it is make a date with that. Kate steinle, the woman murdered allegedly by an illegal immigrant. Her parents will tell their story to Congress Today and we will be on it. And this democrat candidate for president Martin Omalley saying Climate Change created isis. Can a business have a mind . A subconscious. A knack for predicting the future. Reflexes faster than the speed of thought. Can a business have a spirit . Can a business have a soul . Can a business be. Alive . Sanctuary cities will be in focus very much today. The parents of kate steinle testify on capitol hill. The accused killer is an accused felon deported five times to mexico. He came packback to San Francisco because he knew. The parents will be testifying and well bring that to you. If what would you say to Kate Steinles parents . Express a lot of remorse to are what theyre going through, what happened to their daughter is a tragedy. The sanctuary cities and there was a conference of mayors they dont think, this is a Bipartisan Group that local Law Enforcement should be enforcing immigration laws i think that ice and the sheriff should have had a better communication, once the man was captured and detained the sheriff should have notified ice that he was in custody, but i dont think its up to local Law Enforcement to stop random people on the street to check immigration papers. What are they supposed to do if they thats what people are advocating. Stuart if they arrest somebody arent they supposed to turn them over to the immigration authorities and when they do ice let him go . Thats the nature of the sang wary. No, the nature of an sanctuary city if you were an illegal immigrant, you would be stopped or not. Stuart do you think its about buying the hispanic vote . The conference of mayors is mostly democrats. The conference of mayors is bipartisan. This is what i think the problem is if you have an illegal immigrant community who is scared to report a murder a domestic beating or something along those lines, they report they themselves are going to get deported that doesnt help anybody that promotes violence. Stuart the response of the administration, their reaction to this seems very cold. You remember jay johnson was testifying about the sanctuary cities he didnt seem to know who kate steinle was. I dont know about that. Im sure he knows who she is because its been in the news. Stuart he is walking away from it because he doesnt want to offend the hispanic vote. Its not a matter of defending the hispanic vote its about the Law Enforcement we should not be policing immigration laws, thats up to ice and the i think its about the hispanic vote. You and i disagree on that. Stuart come on in vote democrat and how are they supposed to vote democrat theyre the other legal hispanics will vote democratic. To me local Law Enforcement is not an entity that should be promoting immigration laws or should be arresting people or stopping people and asking for their papers. Thats what arizona wanted to do and i thought it was a huge mistake and other places wanted to do. I think that local Law Enforcement should be protecting you and me for crimen should not pull you or me over because we dont look american. And that would prevent legalillegal immigrants from reporting a crime. Being illegal is not a crime. If you have being illegal is a crime. If youre illegal youre not going to report a beating or because youre afraid to be deported. Stuart back in my day when i came back in the 1970s and i could have been thrown out and could have broken the law and didnt. Thats up to the federal government not up to local Law Enforcement. If all of a sudden you witness a crime, you think that makes sense you could have been deported . Ive got to move on. Martin omalley for the presidency, he says that Climate Change ultimately led to the rise in isis. Do you want me the rise of isis. He says there was a huge drought in the middle Eastern Region and wiped out farmers and forced them into cities which created a humanitarian crisis and created the conditions that created isis. Stuart any comments . I have never been to the cities there, but in will you contest his premise . Ill contest his premise, theyre jobs not necessarily Climate Change. There are droughts throughout history and on the african continent. You know its a stretch. Its a huge stretch and i believe in Climate Change and i think that Climate Change will lead to horrible global situations as does the pentagon, as does nasa a lot of other people, but to say that isis is the reason for Global Global Climate Change is for isis i wouldnt go that far. Stuart i hope in the upcoming election that Climate Change gave raise to isis as is the hispanic vote oh stuart you and i have had so many bets that you have lost. Youre not paying up yet . This goes back to 2006 my friend, i want to be clear. Stuart time is up. Oh yeah got to go. Bye see you later. Stuart a lot of people talking about the World Champion surfer attacked by a shark on live tv. He says hell get back in the water, but is very anxious, hear him in his own words next. Push your enterprise and you can move the world. But to get from the old way to the new youll need the right it infrastructure. From a partner who knows how to make your enterprise more agile, borderless and secure. Hp helps business move on all the possibilities of today. And stay ready for everything that is still to come. Get excited for the 1989 world tour with exclusive behind the scenes footage all of taylor swifts music videos interviews, and more. Xfinity is the destination for all things taylor swift. A surfer who fought off a shark in south africa spoke about the incident. He says hes doing okay, but emotionally scarred. Roll tape. I havent got a scratch on me, yeah just sort of more of an emotional, mental sort of trauma right now. Stuart i can understand that. Sandra my feelings go to his mom who is watching on live tv and for about five or six seconds she lost sight of him. She didnt know whether the shark got him or not. Sandra i cant imagine what that felt like as a mother who watch your son go through that. And why were captivated and people are watching it a day after we saw it for the first time. Everyone wonders, would you have been able to throw a punch at a shark. Unbelievable video. Stuart no i would not. I dont think id ever go back in the sea again. I wouldnt take a bath after i saw jaws. [laughter] welcome back ashley. Its true. Stuart tech stocks are on a tear and the nasdaq at a record high. Facebook closing in on 100 a share and amazon near 500. These are the horse race stocks of the day. Back on the opening bell in a few minutes. So youre a Small Business expert from at t . Yeah, give me a problem and ive got the solution. Well, we have 30 years of customer records. Our cloud can keep them safe and accessible anywhere. My drivers dont have time to fill out forms. Tablets. Keep them all digital. Were looking to double our deliveries. Our fleet apps will find the fastest route. Oh, and your boysenberyy apple scones smell about done. Ahh, youre good. I like to bake. With at t get up to 400 dollars in total savings on tools to manage your business. New york state is reinventing how we do business by leading the way on tax cuts. We cut the rates on personal income taxes. We enacted the lowest Corporate Tax rate since 1968. We eliminated the income tax on manufacturers altogether. With startupny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. All to grow our economy and create jobs. See how new york can give your business the opportunity to grow at ny. Gov business i think we still should take him seriously. That 24 in the Washington Post poll is probably his peak, but here is what republicans have to fear and that is another part of the poll that shows that in a threeway race with donald trump running as an independent, he takes votes away from say, jeb bush like crazy. Stuart that was fred barnes earlier this hour of this program and says that we should take Donald Trumps run for the presidency very very seriously. Its 9 30 precisely, trading has begun on wall street. The opening bell is ringing. Were looking for a drop 90 to 100 points because of technologies. Those are going to take them down substantially. Theyre not moving much were down 10 points and expecting more more. Patience is a virtue. Down 69. Ashley there you go. Stuart first out of the box, facebook at 98. 94, closing in on 100 a share. Joining us is jared, ashley is here and sandra. Are you buying facebook at 100 . I feel bad because my brother on friday said facebook is going to 98. I told him want to protect it. Long story short, he was right. I dont necessarily feel good about the fundamentals its becoming a cult stock, got the momentum and i think it gets to 100 and maybe beyond. Id be careful if youre a shortterm investor. Its hitting a new high right now, 99. 14. Larry levin, we come to you for commodities. Do you have any comment on facebook . Yeah i think that you could buy it i think its going to keep going higher. Stuart, if any indication is how many times i walk around my office and see my employees, instead of working, they are they are on facebook. Maybe thats a tell tale sign how the stock is going higher because everybody is on it. Stuart they are indeed. Check out the big boards were down 112 points as we speak. There are two down stocks that account for almost the entire drop. Ibm accounts for 60 down dow points and United Technologies down 33 points. If you take out two stocks youve got a pretty flat market, not the 100 point claim that were looking at. Lets get to apple, near a record high. They report after the bell today. Come in sandra. They made a billion dollars a week with profit with the last report. It looks to me like investors think theyre going to make more with this report today. Especially because theyre buying the stock ahead of it theres some opt

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