Transcripts For FBC Varney Company 20240713 : vimarsana.com

FBC Varney Company July 13, 2024

Im Charles Payne in for stuart varney. Varney company starts right now. While cnbc is on break, we are open for business. Charles hundreds of americans back in the u. S. This morning after being evacuated from the coronavirus affected diamond princess cruise ship. Lauren, we know some have tested positive for the virus right now. Lauren yes. So the u. S. Chartered the two flights that arrived early this morning, one in california and one in texas. As they were going from that cruise ship docked in japan to the charter plane, 14 tested positive for the coronavirus. That essentially doubles the number of infections right here in the u. S. We had 15, now you have 14 coming in. They will be in quarantine. They were already in quarantine for about two weeks but they will be in quarantine at those two air force bases for another 14 days. Charles thank you very much. Mean meanwhile, macao says the casinos can reopen. Susan its a big deal especially for casino shares that trade in the u. S. , mgm, Las Vegas Sands and the like. Dont forget, we have macao has been closed for a few weeks because of concerns of the coronavirus, reopening this thursday and this is going to be a big deal because this is the equivalent to three times Las Vegas Strip when it comes to gaming. The fact they are reopening finally is a big reprieve and relief for a lot of big casino names. Charles absolutely. Thank you very much. Hey, i want to bring in market watcher keith fitzgerald. Keith, macaos going to reopen but wall street kind of saw this coming last week, i think it was wednesday, major firm upgrading their rating on wynn and Las Vegas Sands and also, we are starting to hear other names, apple opening up a few stores in beijing and singapore, toyota, sony, some of these other names, even tesla. What does it all mean . I tell you what, charles. They are trying to get ahead of what they believe will be a solid recovery because if you cut off demand and all that stuff is pent up, customers are still going to come to the store. I remain extraordinarily concerned that this is the calm before the storm. So i will take it, but i dont think investors should jump in by any stretch of the imagination. Charles you mean jump in in the markets, or jump in on these particular stocks that have a more direct correlation with the coronavirus . The latter. The latter. Dont jump in on anything that directly correlated to the wuhan situation. Charles you know, its also interesting, keith, in the sense that, you know, european markets are fractionally higher this morning. Of course, nasdaq and s p closed at an alltime high and it feels like, you know, we are worried but by the same token, theres other drivers that seem to be winning out day to day in the markets. Thats the cool part about capitalism, right, because no matter what the headlines are, youve still got strong fundamentals, strong unemployment, youve got a president who is very much liked, you have an economy that is still firing on all cylinders, pardon the pun with the daytona situation. To me, that is why you invest. Its always a forwardlooking mechanism. Im very, very very happy to see the markets shake this off. Charles the markets closed today but we have been in a heck of a roll here, and some parts because we are the only game in town, but even with that in mind, what will be the next catalyst here . Weve got the latest jobs report, we are almost done with earnings season, maybe some people putting the coronavirus behind us. Whats the catalyst that keeps this rally going . Well, i tell you what, i think theres going to be more news out of china that possibly if its good news, sets the market off. Anybody who develops a workable vaccine and brings it to market is going to set things off. Anybody who has good trade data out of europe is going to set things off. And of course, anything that shows the president continuing in the polls the way he is with a stronger showing sets traders off. Charles in many ways, we say a lot on the network that the u. S. Is the only game in town, but ironically, the bond market has been a much bigger beneficiary of that, hence why we always see the yields go lower. A record amount of money went into bonds last week and now some are saying that weve got a bond bubble, a trillion dollar bond bubble on our hands. If thats the case, do you believe its the case and if so, what does it mean . I would take issue with that statement. Heres why. Institutions buy bonds and they never sell them, charles. It dont matter what the yield is, because they have all these huge pension funds, they have defined benefits, they have all these other things. They are concerned about the return of their capital, not the return on their capital. If you want growth, youve still got to be in the stock market. I think a bubble is overrated. Charles one person who is not, is you. Thats why we appreciate you kicking off the show. Thanks a lot, buddy. Meanwhile, President Trump and First Lady Melania Trump making history at the daytona 500. Just watch. Are you jealous of those competitors out there today, right now . I am. I would love to be in this daytona 500 field out there competing today. This is just so special. Daytona international speedway, we love our country and its truly an honor to be with all of you at the Great American race. Gentlemen, start your engines. Charles to fox news chief meteorologist live at the race, which is set to resume later today after the rain delays. Rick . Hey, charles, yeah, there will have to be a drivers, restart your engines today because of big rain delays. We are out here this morning, incredible experience to be able to be out here in the Daytona International speedway. This right here, pit row, weve got an empty house right now. Its a ghost town. I see one guy way down there who looks like hes painting the grass back up a little bit from one little disturbance, looks like it caused some of the grass, at least some of the painting to be gone. Overall, things looking good this morning. Not the case yesterday, because there was rain. In fact, all the morning was beautiful, we saw air force one flying over the stadium here, over the stands, and over 100,000 people in here getting an incredible view of air force one. It was flying really low so it was a pretty intimate experience for the crowd here with air force one as it went over before landing, then the president coming in here and having that starting the race. After he started the race, the limousine went around the track here with all the Drivers Behind it. Right after that, started to rain a little bit. From the very beginning, it was a rain delay. They got the track dried, they got about 20 laps in before the rain came back and that rain this time stuck around for the remainder of the evening. Thats why the race was canceled. The race will be back on today at 4 00. 180 of the 200 laps still remaining to go, starting at 4 00 right here on fox. So a lot of people will be very excited to be able to see that today but theres a lot of people who were here in the stands who didnt get to see their daytona race right here yesterday, have to settle for it today maybe on tv. Charles seeing air force one being there in person had to be something. Thats something you can tell everyone about for the rest of your life. Rick, im always jealous, but especially today. See you soon, buddy. We got a big week ahead for the president. Hes holding three rallies, first in phoenix on wednesday. Also happening wednesday, the democrats, they take the debate stage in vegas. Meanwhile, Mike Bloomberg has yet to qualify for that debate, but that hasnt stopped him from moving up in the polls. His rivals do not like that and they are sharpening their attacks on him. Remember this, the tarmac meeting between bill clinton and then attorney general Loretta Lynch . The journalist who broke that story is out with a book detailing explosive new information about that meeting. Hes on the show later in the hour. Everyone is talking about this video of an American Airlines passenger repeatedly punching another passengers seat because she reclined in it. Shes not happy and now she wants to take legal action. Varney company are just getting started. Hey there im lonnie from lonnies lumber. If you need lumber wood, lonnies is better than good. We got oak, cherry, walnut, and more. And we also have the best selection of plywood clattering in the state. Hey highpitched laughter man dang woodchucks wood clattering stop chuckin that wood with geico, the savings keep on going. Just like this sequel. 15 minutes could save you 15 or more on Car Insurance. woman no matter what business you are in, Digital Transformation never stops. Verizon keeps business ready for whats next. man we weave security into their business. second man virtualize their operations. third man and could even build ai into their customer experiences. We also keep them ready for the next big opportunity. Like 5g. woman where machines could talk to each other and expertise could go anywhere. woman when it comes to Digital Transformation, verizon keeps business ready. Are you better off than you were four years ago . Is it easier for you to go and buy things in the stores than it was four years ago . Is there more or less unemployment in the country than there was four years ago . Is america as respected throughout the world as it was . Do you feel that our security is as safe, that we are as strong as we were four years ago . And if you answer all of those questions yes, why then i think your choice is very obvious as to who you vote for. Charles that was then candidate Ronald Reagan challenging president jimmy carter in 1980 with one of the most Important Campaign questions ever. Are you better off now than you were four years ago. As we head into november, a new series of gallup polls show that americans are saying yes, 61 say that america is better off than they were just three years ago. Turning now to you can see that there. Turning to your money, i want to bring back market watcher keith fitzgerald. We talk about the maga stocks, microsoft, apple, google, amazon, and many are saying they are going to continue to help drive this market higher. You agree . Absolutely, because these are companies that are truly changing the way we live and they are musthaves and finally they have a clear path to profit. All three of which are critical. Charles you know, listening to Ronald Reagan back then, candidate reagan, its interesting because gallup has put out a series of polls in the last couple weeks and americans do feel overwhelmingly that next year is going to be better than it was this year, they feel overwhelmingly that this has been a great year for them, they feel like america is more respected, in fact, more respected than we have been in 20 years in that poll. How much does that play into sort of providing a sort of foundation for not just stock market success but Overall Economic success . Well, i tell you what, if you study history and i know you are a fan of history like i am, hope is the fundamental Foundation Stone upon which all great economies and civilizations are built. So people are able to think positively about their lives and move forward, that counts for an awful lot and not just from a financial standpoint, either. Charles know what i love is on friday, when the university of Michigan Sentiment numbers came out, its a really great study. Most people just read the headlines. A couple things. First of all, democrats since september, they are feeling so much better about whats going to happen in six months, i would be worried if im a democratic candidate but also, individuals are saying that their household stock market value now is near 200,000, by far the highest its ever been. If americans can get into the stock market, its really phenomenal, isnt it . Oh, absolutely. Because again, you know, money has to move in order to make more money and if you sit on it, thats great, we need a high savings rate, we need to save for rainy days but we also need to invest. We need to send our kids to school. We need to buy our medicine. We need to pay for education. All of which benefits the economy. Charles all right, keith, thank you very much. I want to get back to politics and the 2020 president ial race. Candidate Tulsi Gabbard actually joined the show on friday and she said that shes the candidate of unifying the country. Roll tape. I am the candidate thats bringing this unifying message, thats not based on hate, not based on hate for trump or hate for the other party or hate for any one group or another, but is building this coalition of support that centers around love of country and the recognition that when we treat each other with respect as americans, bringing our different ideas and perspectives to the forefront, to solve these problems. Charles joining me, Fox News Contributor lisa booth. Lisa, tulsis message not getting through the democrats certainly, the idea of because of unifying all americans because they have focused on trump hatred. Right. Charles i think its really backfiring on them, this idea of anyone but trump, because when they say anyone or any record, they may have to live up to some embarrassing stuff. The question is going to be not about unifying the country but can they unify the party. You look right mou charles thats what Elizabeth Warren is saying she wants to do. Thats not happening right now. Look, you have Bernie Sanders who is essentially the frontrunner of the democratic primary so far, and the establishment democrats are desperately trying to search for who is going to be the alternative. We see that with bloomberg, who recently got some congressional endorsements, hes being talked up right now because democrats are terrified of the prospect of Bernie Sanders being their nominee. Charles they are also terrified, for instance, if you look through like this week, im toggling around the channels and i stopped at msnbc for a moment. Why would you do that . Charles because i like to know what everyones thinking and they seem to be in a pretzel over bloombergs president ial candidacy because how can you say that donald trump, you know, has done things that are intimidating to black people and then contrast bloombergs actual record, not rhetoric, then his articles about the women that have come out, this tape today with the farmers. This is what they said they stood for coming into this election, they were the party of youth, blacks, hispanics and the future. Right now its a bunch of old white guys that they say they dont like, that they say that, you know, they have evolved beyond that, espousing messages that any republican espoused them they would go crazy, they would be on a soapbox screaming racist. Thats typically how it works, at least on the race questions. What would be interesting, you have joe biden, who helped write the 1994 federal crime bill. That was an issue for Hillary Clinton in the 2016 race. Youve got Pete Buttigieg which has his own issues in south bend. Amy klobuchar has come under fire recently for her record as a prosecutor. It will be interesting if bloomberg ends up on debate stage on the 19th this week, if they raise, you know, those issues and his stopandfrisk charles but they have painted President Trump and his supporters as racist, and the things they are saying that, you know, based on a tweet, based on comments, which you know, listen, comments have hurt peoples feelings, comments can bother people, versus actual records of actual the things they say they are afraid could happen, have happened and they are going to elect someone who did them and they are in a pretzel over that. What i love what Tulsi Gabbard is saying is why cant the president of the United States run on a message that all americans should be embraced . Thats what President Trump has done. Hes pushed policies that have lifted up all americans. It doesnt matter if you are a woman, an africanamerican, asian, hes helped all americans. Every single group of voters are essentially doing better under this president. Thats going to be his message heading into the election. But you know, about bloomberg, one thing that i have been saying that i think will be interesting, we really havent seen bloomberg and you look at the comment about farmers, you kind of get a glimpse of how terrible as a candidate he truly is. If he actually ends up on the debate stage, we will see him for who he is regardless of where hes been recently of just standing behind these manufactured version of hundreds of millions of dollars in paid advertising that hes done so far. Charles in fact, although hes yet to qualify for the debate stage in vegas probably will, though. Charles thats not stopping his fellow democrats. They have been building an attack on him. Take a listen. Billionaires are going to have more shoes, more cars, more houses, but they dont get a bigger say in our democracy. Democracy to me means one person, one vote. Mike bloomberg or anybody else spending hundreds of millions of dollars trying to buy an election. 60 billion can buy you a lot of advertising, but it cant erase your record. Theres a lot to talk about with Michael Bloomberg. Charles what do you make of it . If he doesnt make the debate stage this week, hes got to be there one day to face all of this. Potentially, South Carolina. I think its interesting to hear from Bernie Sanders and Elizabeth Warren, because they so often attack the rich, yet they are millionaires themselves which sounds great, but so they are a little bit hypocrite on that. The attention has shifted to bloomberg because he does have so much resources. Typically what happens, if you lose the early primary states which he hasnt played in yet but he will for super tuesday, you are out. Thats

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