Transcripts For FBC Varney Company 20170922 : vimarsana.com

FBC Varney Company September 22, 2017

Concern. They have up slightly this morning. Futures on the dow down 39 points. Perhaps investors have more confidence in President Trump to handle the north korea threat specially after he got china to blink and stop banks from doing business with rogue regime. Also today london blocks uber,ics phone 8 goes on iphone 8 goes on sale. Varney company starts right now. Today im announcing a new executive order i just signed that significantly expands our authorities to target individuals, companies, Financial Institutions that finance and facilitate trade with north korea and im very proud to tell you that as you may have just heard moments ago, china, their central bank has told their other banks, massive banking system, to immediately stop doing business with north korea. Ashley words from the president on north korea. A north korea diplomat is hinting Hydrogen Bomb test on the pacific. Stock futures not moving that much on the news. Come in byron york, political correspondent, byron, thank you for joining us. It seems like every day we have some sort of threat involving north korea, but the markets dont really seem to care at this point, do they . Well, they are not showing it. I think what you just heard the president say about china could be very big news. We dont know if its actually going to happen but the idea that china really would begin to crack down on its banks that are doing business with north korea would be a very big deal, in addition to the president s new sanctions. Every time we hear the new sanctions, you think, why werent we doing that already, but apparently there are additional things, additional people we can target who are doing business, providing goods and services and technology to north korea. So the president is clearly upping the ante a little bit and maybe getting china to go along with them. Ashley thats a good point, we dont know what they do around the back there. Listen, at some point, do these sanctions put the north korean dictator into a corner . Whats the end game here . Hes not going to give up. He will continue to make outrageous statements. I mean, will sanctions alone do the job in bringing them under control so to speak . Well, they never have. They havent yet, but theres also been on the flip side of sanctions of the argument, fundamentally you cant let north korea starve, so its unclear. Its totally unclear what kim jong un does. I mean, does he does trump calling him rocket man drive him into an insane frenzy and he starts a war or he likes it and he makes rocket man tshirts, i dont know. Hes impossible to predict. Clearly there are additional means that can be taken against kim jong un in the hope that at some point he declares victory and stops. Ashley lets get back to domestic agenda for the president. We have tax details being released next week, tax reform, tax cuts. Weve got health care hanging out there. Lindsey graham says he has 50 votes for the grahamcassidy Health Care Repeal bill. Do we get this stuff through and done by the end of the year, byron . Well, on tax reform i think the answer for a lot of people yes, request not if not tax reform, tax cuts. Ashley yeah. After failure of obamacare republicans needed to do something more so than the president as he can point to executive actions as accomplishments. Republicans in the house and senate that are up for reelection need to show that they have done something. I think the prospects per something on taxes are pretty good. Now what has happened is this obamacare third try has kind of sneaked up on us and seems to have a lot of support, but, you know, it could obamacare could be the thing thats always one vote short. The first time around in the senate it was john mccain, maybe itll be somebody else, rand paul or somebody else this time. Ashley the republican who saved obamacare as mr. President as the president said will be known as. Thank you so much for joining us on this friday. Thank you. Ashley quick look at stock futures. Some muted reaction in the face of north korea threat. In the old days you could see the markets down 2 or 300 points with the rhetoric we are hearing. Not these days, dow down 45 points. We will see how that plays in the open. Take a look at apple. Shares down again after iphone 10 has been announced. Today you can buy the new iphone 8 but theres been a lot of softness on the stock. Apple down half a percent. Down 152. 57. Lets not forget the problem with apple watch, doesnt connect properly. Not so good. Here is a number for you, Household Wealth, up to 96. 2 trillion. Im not sure [laughter] ashley its all thanks to stock and real estate. Thats right. Home equity values up nearly 600 billion. A feelgood moment. You know, i Hope Congress isnt reading it because theyre talking about taxing 401 k s and things like that. This is a nice year of the expansion. It is the third longest basically since world war ii and then the question becomes how is Congress Going to look at it because 10 , top 10 own own 70 trillion of that wealth. Its usually the middle class, they benefit from home equity prices going up. Ashley thats very true. Thank you very much. Bold prediction from senator Lindsey Graham on health care. Roll tape. I think we are going to get 50 republicans to vote for federalism and i will make a prediction, a couple of democrats will come on board because their state does so well. I like new york, california, massachusetts and maryland but i want to give them all the money. Ashley rand paul or whoever votes against h care bill will be known the republican who saved obamacare. Strong words from the president. Joins us now hoover fellow and former Senior Adviser and policy to the National Republican senatorial committee, okay, lonnie, Health Reform countdown is on. Do they have a chance to get this done, do they have the votes . I think they definitely have a chance to get it done. As byron said previously, they have been within one vote before. We have seen this movie before, but, indeed, i think the energy is there and i think the one thing that all republicans agree on when it comes to health care, there are a lot of things they disagree on, but one thing they agree on is federalism. They agree on the need to give states more authority and washington less and thats what this bill does. Ashley let us not forget we will get taxes, on monday we will get details wednesday. Do they have vote to get that through and who actually wins, the middle class always gets the shaft and does the middle class come out of this taxcut scenario ahead of the game and are the republicans on the same page more importantly . If they focus on tax cuts which is what President Trump said he wants, they are really going to have to focus tax relief on middleclass, middleincome taxpayers. The big question is do they pursue larger tax reform. Do they look at reforming the corporate side of the code, one question to look at is do they treat Small Businesses who file through individual code the same as through corporate code. Those are the kinds of questions we will be looking for and we will know on blueprint on monday. Ashley what do you think the president going across the ill working with democrats because he cant get the same with own party members, by all counts its working, his Approval Rating has gone up because of it, from your point of view is that a good strategy . You know, politically i think the president is doing what he needs to do in terms of speaking to democrats to get support. The challenge is he has to remember the people that helped him get him to presidency and ultimately we havent seen significant deviation yet. We will know more on obamacare debate. Without their support, i dont think this effort would be as far down the road as its been. Next week is going to be an absolutely critical week. Ashley it certainly is. Loneh chen. Thank you. Ashley uber losing license to operate in london, one of the biggest markets. Basically saying you are losing the license because you are not following the rules, not doing criminal background checks, reporting criminals offenses of drivers, congestion, things like sexual offenses not reported by uber, so not reporting the crimes of their drivers properly, no medical certificates ashley lack of corporate responsibility. Exactly right. London is one of ubers premier markets. Uber is now dealing with bribery allegations in asia and cleaning frathouse culture. Uber is saying you are going to put 40,000 people out of work and 25 Million People use uber. It is very popular. Ashley cabies are celebrating. President trump heading to alabama today. He will attend a rally for senator Luther Strange who is in a heated race, senator strange will be joining us. Contentious runoff for the seat. Some harvard professors pure furious that school gave Chelsea Manning a teaching position. Next. Its a highly contagious disease that can be really serious. Especially for my precious new grandchild. Its whooping cough. Every family member, including those around new babies, should talk to their doctor or pharmacist about getting vaccinated. Ashley more than 150 harvard professors are protesting against the universitys administration after it rescinded a ph. D program offered to exinmate Michelle Jones and fellowship to Chelsea Manning. They are upset. Charlie kirk, charlie, come on in, whats your thought on situation in harvard . When you have that many harvard professors upset, something is going right. Harvard is known as the beacon of American Educational kind of advancement of the ideas and this is the best that they can do. Im glad that they rescinded this. Instead of trying to get convicted leakers or former criminals to come speak and lecture, why dont they fight for intellectual diversity, conservatives to come to harvard, different types of ideas, its more than entirely possible to be Political Science student for four years and not hear one good thing about a conservative idea for more than ten minutes. Think about that. I dont think what the 150 professors think. It Means Nothing to me and the fact that they are kind of in a crossfiring squad actually makes me chuckle a little bit. Ashley i can meet your 150 professors and raise it to 277 with uc berkeley, professors there are signing a petition to boycott free speech week. Another example of, you know, we dont like your message so therefore we are not going to allow you to speak. Whats going on in College Campuses and specially at berkeley, you know, the cradle if you like of free speech . Used to be the cradle of free speech. We are going to boycott free speech week not because its anything racist, they disagree with the people that are speaking. Now, its very funny, they will have to pay 300,000, actually total cost of 600,000 to keep the campus safe. So free speech is not really free anymore. Its actually quite expensive. This is exactly what the left wants to do. They want to make it so difficult and cumbersome to bring conservative speakers and people who give conservative lectures on campus that universities cite the cost as an issue not the head intellectual diversity. And i so i always lane back, if youre a conservative student on campus, you have to sit through leftist nonsense and grar badge for years. Why cant the left be okay with optional conservative speaker to come on campus. Ashley they must be threatened by the conservative ideas and thoughts so much that they want to clamp it down. By the way, i should give you a shotout, President Trump tweeted a thank you to you after you commentated on un speech. Not a bad way to start the morning, love the president , support his agenda and i think the speech at the un was historic. Ashley it was historic, usual critics came in. The french said you cant talk about iran and iran deal. It was bold and you think very effective . Most definitely, my favorite part of the entire speech was how he targeted venezuelan socialism. You look at the rise of socialism throughout central and south america and how its completely destroyed once vibrant rich countries such as venezuela and President Trump was unafraid on National Stage to called out the fail marxist ideologies. You are not going to get it from trudeau and european leaders. Thats what i love about the european speech. Ashley what are your thoughts on the president reaching out to democrats and getting the spending plan in place till the end of the year, raising the debt ceiling all of that stuff purely because he couldnt get people from his own party to agree with him. I love it. Let me tell you why i love it, the only reason why we will have a Health Care Vote next week is because President Trump put pressure on Republican Leadership by showing he can work with the democrats. If theres no deal on the debt limit, lets be perfectly clear, the grahamcassidy bill will be no where. All right, republicans show me what you can do. Got the debt limit, got hurricane funding and now youre up. You are seeing republicans work harder than ever before, they are complaining they have to stay in the halls of Congress Till 10 00 or 11 00 oclock. The hardest theyve worked. The country club has to become an office now. I love it. The president demonstrated fantastic leadership there. Ashley charlie kirk as stuart likes to refer to you the future president of the United States and we hope thats true, charlie kirk thank you so much for joining us on this friday. Puerto rico, by the way, still picking up the pieces after getting slammed by Hurricane Maria, the entire island still without power, could be up to six months without power in some places. We will tell you where maria is heading next after this if you have bad breath and your mouth lacks moisture when you speak or swallow, you may suffer from dry mouth. Try biotene®, the 1 dentist recommended dry mouth brand. Biotene® provides immediate relief from dry mouth symptoms that last for up to four hours. In fact, biotene® is the only leading brand clinically proven to soothe, moisturize, and freshen breath. Dont just manage dry mouth symptoms with water, soothe, moisturize and freshen your breath, with biotene®. This has been medifacts for biotene®. 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Janice every day is different it seems, all indications are that it will remain offshore but all depends on whats going to happen in the upper levels of the atmosphere in next five or seven days. For now we know its a strong hurricane. Its a major hurricane, 125milesperhour sustained winds. East of the turks and caicos although they are getting forced winds, incredible storm surge in lowlying areas and the rainfall, but this will move east to the bahamas over next 12 to 24 hours and its going to, we think, somewhere between bermuda and outer banks. It could come close to the u. S. And thats something that we will have to monitor. Will this High Pressure help to steer it towards northeast out to seas . What we would like to see but it scoots out to north and east. We will have to watch it. Both computer models in agreement that we could have a quick brush here. Stay tune, we will keep you posted. Ashley thank you very much, janice, lets hope storm goes between bermuda and east coast. All right, janice. Lets take a look at the market, premarket before we open in just about 4 minutes from now. Dow is showing its going to open lower by 36 points. S p and nasdaq also down about 2 tenths of a percent. By the way, opec is meeting today. We will talk about oil as well. We will be right back with more varney today, were out here with some big news about type 2 diabetes. You have type 2 diabetes, right . Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance i

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