Transcripts For FBC Varney Company 20170918 : vimarsana.com

FBC Varney Company September 18, 2017

Of course, we will be all over it for you. By the way, traffic nightmare in new york right now. Despite everything, turmoil overseas and the house in recess, the markets where are they going . They are going up again. Dow and s p open up in new alltime highs. What else is new . Another hurricane in the caribbean, maria, she could hit batted islands and head towards florida. We are all over that story as well. Big day for politics. Guess what . Thats what we do. Varney company starts right now. Ashley quick check of the stock futures for you just under half an hour before we open on wall street. Dow coming up best of the year, 6 points away from alltime high. So it should open well above that. Any move for s p will be a new high. [laughter] ashley nasdaq just 15 points away from record territory. Big defense deal to tell you about, by the way, northrop buying atk for 9. 2 billion, thats in cash and debt, in the meantime net flesm won emmys for the crown and master of known, hulu. We will get into the emmys. President trump at the United Nations, come in larry oconnor, radio host, contributing editor. Not so easy to say. Yeah, yeah, you need to do my job, obviously. Lets start with what do you expect to hear from the president of the un because in the past mr. Trump, then private citizen, mr. President , had called un weak, incompetent, a club where everybody gets together and has a good time. What are you expecting from him today . I dont think we will exactly hear that narrative, ashley. I hope the president sticks to the most International Issues that are facing the free world and that has to do with north korea and Iran Nuclear Deal and threat of radical islamic terror. I hope he doesnt fall into the trap of talking about Climate Change accords and that he would reenter that if it favored america. I sure hope he steers away from that. Focus on what the un is meant to do, maintain freedom in the world and go against our common enemies. Ashley whats interesting, larry, the un is about world first, donald trump became president on America First. Is there a conflict there . Well, sure. We have seen the conflict play out sadly. American people voted for a man who would put America First not an internationalist that we had for the last eight years and listen, this is not going to be the warmest assembly that the president is expecting to see here at the un. They dont like this man. But hes use today that. I mean, he did the same thing when he addressed congress. He will rise above that. I hope hes listening on advisers and focuses on international threats. Ashley big part of schedule today, talking about reforms at the un, he would like to see the un cut spending and perhaps change operational programs within the un. Does that gain traction at all . If i remember right doesnt he actually value the East Manhattan property in a major way . He probably has speculators out there appraising it. It certainly plays to his base. I think that even the left and the right in this country recognize that the United Nations is a bureaucratic incompetence. I think that there is a way to actually ignite those reforms. The problem is donald trump goes in there with such a hostile environment already that hes going to need allies to push for those reforms. Ashley all right, lets take a radical shift here. Different subject, the emmys, shortage of trump bashing last night. I tuned in for all one and a half minutes, i saw lili make remark that she was battling in 1980 in 9 00 to 5 00 in sexist and the bigot and i switched it off. What were your thoughts on last night . Itll be interesting to see what the ratings come back as. I was struck by that moment too, poor dolly parton, all dolly wanted to make was a joke about chest. It was pretty funny. I dont think shes thrilled with all the trump bashing. This is an old story. Dc is obsessed with hollywood and hollywood is obsessed with dc and you saw that play out at emmy awards. The problem with the equation, of course, a whole lot of country between the two cities and the rest of the country feel like they are being ignored or actually at worse, mocked and ridiculed. One interesting comment, Great Success in this business, saturday night live plays in all 50 states and we have to be sure that we are not seen as being onesided. This is from lauren michaels. Ashley now he says it. Exactly. Compare today emmy awards, saturday night live is handed on approach on politics. It was ridiculous last night and you woarnd why Network Ratings are going down the tubes. The fact is that they acknowledged last night that the American People are more interested in news, politics, business and who gets to win in that equation, well, fox and fox business, dont they . Ashley very well said, larry. To me it reemses the its doing great disservice to the democratic party, they lost to the most hated man in the world, donald trump, also the movie stars, all of the people just dont get it. They make themselves feel better by doing this. Trust me, i used to work in the entertainment business before i got into the media. There is never any prize paid for bashing republicans, conservatives anybody that the industry see as the latest evil person. But lets not forget, this is not a trump invention, this goes back to every time theres a republican in the white house, this is what we see at these award shows. Ashley well, i guess its become we expect to hear it now and like i said last night all you have to do is click, turn it off. A lot of choices these days. Ashley youre right, the ratings will be interesting. Thank you. Take care. Ashley multiple arrests in st. Louis, third night of violent protests. This after a white Police Officer was acquitted in the shooting death of a black man. This wont go away. Youre right, ashley. The officer acquitted of firstdegree murder after shooting of car chase of Anthony Lamar smith, protests took place near Michael Brown took place in ferguson. A group of agitators among the peaceful protestors. They started throwing chemicals and rocks at the cops. They showed up in riot gear and Armored Vehicles and started to make arrests. There was also vandalism, wells fargo and other Companies Said to employees, get out of there, theres going to be protests and there were. Third night of violence, at least 80 arrests. Ashley whats interesting, liz, peacefully during the day and at night falls we get agitators that will jump onto any cause to create problems. Seems thats whats happening here. Throwing cops and chemicals. The cops were prepared for that. Officials blaming it on a small group of agitators among them. Ashley all too common story. Lets check on futures, continues to break records. Great week last week for the markets and again pointing up, the dow at this point showing start the day higher by 45 points. The s p slightly same story for the nasdaq, not bad for everything going on in the well. Back at trump tower, President Trump hes off to the United Nations at any moment. He will be holding a meeting on reforming the un, of course, we will bring that to you live when it happens down at the golden elevators at trump towers. Location scout for netflix hit show narcos hit and killed in mexico, he was looking for places to shoot the next season which is all about south American Drug kingpins, we will be on the story. Plus Chelsea Manning saying shes not a traitor to the United States. I have a feeling judge napolitano will have to take issue with that. Hes up next. Parodontax, the toothpaste that helps prevent bleeding gums. If you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. Help stop the journey of gum disease. Try parodontax toothpaste. Ashley all right, lets check the price of oil for you. Every time oil may break 50dollar level, it doesnt. Its hanging underneath the level of 49. 73. Opec meeting, by the way, do we care, they are meeting in viena as they do. We will see, whatever, oil fail to go get to 50 a barrel. Chelsea manning says shes not, quote, an american traitor and she did what she thought was right. Judge Andrew Napolitano is here. I know what youre going say to this, judge, and i think a lot of the viewers will probably disagree with you. You say what . Chelsea manning by definition she was not a traitor because she wasnt convicted as treason. Ashley right. She was convicted of espionage, tail your to safeguard state secrets. She did commit espionage but revealed that the American Military had killed people in the middle east, journalists, not terrorists, had lied about it and lied about the lies, to that extent i think she did a positive good for transparency in the government. Now i know that the Intelligence Community i know that the Intelligence Community is furious. Mike pompeo who has been a friend of mine, former congressman, now director of cia, refuse today participate in harvard, withdrew the offer. I know that this rubs people the wrong way, but my view is that the First Amendment commands and protects those who expose government wrongdoing. Ashley however, she was convicted 35 years for which she did 7 years before getting commutation as president obama. Just like president can pardon like the president pardoned sheriff arpaio, in president obamas he wanted her to serve five or six months. Commutation take effect on Donald Trumps watch, some people thought that donald trump might try to reverse the barack obama commutation which would have been a first in history. Ashley let me ask you this, you say that Chelsea Manning released what was supposed to be classified information. Showed that wrongdoing. Released it through wikileaks. Its not like the rosenbergs that sold secret for money. She did this for ideological reasons. Youre correct. Under the law it doesnt matter. Ashley she was charged with maintaining the secrets as a government worker. Correct. Actually the punishment for selling secrets is heavier than the punishment for giving secrets even though the crime is the same. Ashley its just that i understand what youre saying but this was a person who was charged with keeping classified information classified. Yes, yes, absolutely. A very, very say again . If it didnt show wrongdoing of the type that it did would you have a different opinion . Yes, there would be no purpose of exposing it if it didnt show wrongdoing. Ashley very quickly. We will move on. I know you say there were problems within President Trumps legal team. Whats going on . The New York Times reporting disputes between cobb and don, Legal Counsel about the documents that they are going to surrender to special counsel mueller. Thats according to the times article there were screaming matches of lacking loyalty, et cetera. This is a problem for President Trump. The dispute was immediated by general kelly. General kelly is a great man but hes not a lawyer. You need the president the president needs a chief legal strategists, one human being appointed to him as a person who has final say on what documents are going to go to special counsel because if cobb surrenders. You certify records and given everything i found. If someone else in the white house is taking things out of those records and hid them, then youre certification is wrong, youre ignorant of error, that can be troublesome for the lawyers who signed the certification and the lawyers who ashley who wins in the situation like this . I dont know, but the president loses, the president needs one person in charge making decisions. Ashley is this all about, you know, who met with who ashley, we dont know what its about because the special counsel has expanded the scope which happens every time they appoint a special counsel, the president is correct to be angry and troubled about this. We dont know what these documents are about and the new york city didnt nowrk New York Times has identified them but the team accused white house lawyers of hiding documents and thats dangerous. Ashley when ce we put the russia issue to bed . Theres two sides here. A lot of people who say this was made up by the Hillary Clinton people, theres no there there. If there were a there there, we would know about it and then theres the other side that says the president has done everything he can to hide all of the stuff, the meeting with the russians at trump tower and taking time to find it. I dont know what the answer is. I myself would like to see sooner rather than ashley so we can move on. Bob mueller keeps hiring people. Of course, we are paying for them. Ashley yes, of course we are, lovely. Back in the 11 00 sanctuary cities. A ruling right at evening. Ashley we will get into that, thank you, judge. Oh, yeah, guess what, another big hurricane gaining strength in the atlantic. What else is new we will have the latest on Hurricane Maria after this think your Large Cap Equity Fund has exposure to Energy Infrastructure mlps . Think again. Its time to shake up your lineup. The alerian mlp etf can diversify your equity portfolio and add potential income. Bring amlp into the game. Before investing, consider the Funds Investment objectives, risks, charges, and expenses. Read the prospectus carefully at alpsfunds. Com amlp ashley quick look at the futures for you. We are hanging in there. Up 51 points say the futures when the opening bell rings in about 7 minutes from now. Same story for s p and nasdaq. More record territory it appears as we begin a new trading week after a great week last week for the markets. Now onto maria, expected to strengthen into a major hurricane. Fox news meteorologist adam klotz joins us. Its like a conveyer belt, comes off the coast of western africa and strong in atlantic and makes b line for the caribbean and u. S. , its like its neverending. Seems like. Second half of the summer, continuing now, take a look at the conveyer belt you are mentioning. We have jose, maria and way back off the coast of africa, thats lee. Good news about lee it will weaken and fall apart but the conveyer belt it is. Maria, thats the real big one right now. Currently category 2 storm. Thats happened in the last several hours. Going to continue to intensify and unfortunately hit islands that have been hit, likely jumping up to a cat 3 by the time it does that. You are looking at winds 110 miles an hour. Continue to intensify run to go category 4 by the time youre running over puerto rico. Another island that saw at least some impacts from irma. The big difference is irma continued on, ran up into florida, this is going to be turning right and heading north over the bahamas, still category 3 storm. May impact the u. S. Mainland but this is taking all the way saturday, still a little bit of time and we are certainly staying busy. Ashley ground hog day with hurricanes. Appreciate it. Sad story, the location scout for the popular netflix new new narcos. Liz he was on location for narcos, shot and killed near murder state of hidalgo. He had movies under his belt, now he has been assassinated. He worked on sicarios, four season of narcos, they were moving from colombia to mexico, now they may need to move it out of mexico. That could cost mexico jobs right now. Ashley sad story. Liz really sad story. Highest murder rate, that area. Ashley thank you. Quick look at the futures moving higher again, so what else is new, doesnt seem like the markets are put off by anything going around the world, we will have that and so much more when we come back. Our best offer ever on an xt5. Dont wait. Our 2017 models will be moving fast. You can drive a car. Or you can drive a cadillac. Come in now before the end of our made to move 2017 clearance event and leave with the perfect cadillac xt5 for your next adventure. Choose a low mileage lease on this xt5 for around 339 per month. And lifes beautiful moments. Ns get between you flonase outperforms the 1 nondrowsy allergy pill. It helps block 6 key inflammatory substances that cause symptoms. Pills block one and 6 is greater than 1. Flonase changes everything. For tech advice. Dell Small Business advisor with one phone call, i get products that suit my needs and i get back to business. Im living that yacht life, life, life top speed fifty knots life on the caribbean seas its a champagne and models potpourri on my yacht made of cuban mahogany, gany, gany, gany watch this dont get mad bell mnemonic get e trade and get invested ashley all right, another trading week about to get underway, about 20 seconds now from wall street opening. The futures showing that we are again going to move higher. Could the markets, and im going to liz channel stuart. Ashley Stuart Varney would say because the possibility of tax reform is becoming more, more real as mr. President goes across the aisle and gets compromise. Here we go. More green than red, maybe. Up 34 points. Not bad. Up to 22,307. Up about 50 points. We are going to get the trading going up 40 points. How about that . More green than red at this stage. Not bad at all. Lets take a look at s p right where we thought it would be, a tenth of a percent. 25. 03 on s p and nasdaq just moving slightly higher about 2 tenths of a percent. 3 points from an alltime high a little birdie just told me. Great way to start a new week. Also some new news in the defense sector. Northrop grumman buyings orbital atk, cash and debt. Rockets remain in record territory. Lets bring in the old star, liz mcdonald as always, Keith Fitzgerald and todd. Thanks for the word, liz, challenging. The markets are starting to believe that tax reform may indeed h

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