Transcripts For FBC Varney Company 20240712 : vimarsana.com

FBC Varney Company July 12, 2024

Across the country in major cities. Seattle, chicago, minneapolis, also in new york city. Of course, all of this as protesters continue the call to defund the police. And staying in new york city, get ready for phase two. Restaurants allowed to reopen. But its all al fresco. Thats all right. The weathers good. You have to sit outside. By the way, another 300,000 people expected to return to work in the big apple. And President Trump officially restarting his 2020 campaign with a rally in tulsa, oklahoma, but there is controversy over crowd size. We are all over that story and so much more. We will get it going on Varney Company which begins now. Ashley all right. First things first. Ive got to get you to the very latest on the virus. Over 2. 2 million cases now here in the United States. This as those 12 states on your screen have seen a record spike in cases over the weekend. Susan li joins us on this monday morning. Susan, give us the numbers. Susan good morning. So the states that saw a jump include the likes of florida, texas, utah, south carolina, nevada, also georgia, california, tennessee, arizona, missouri. We also have oklahoma. Florida saw a threeday streak of recordbrayieaking numbers t ended saturday with over 4,000 new cases. Governor ron desantis attributing the rise in positive cases to what he calls an increase in testing, saying if you test more, cases go up. Amidst the rising numbers, also florida now requiring facial coverings, facial masks. South carolina, nevada and utah, by the way, also saw their second day in a row of record daily new cases on saturday and missouri has second straight day of record cases on sunday. Also on sunday, oklahoma, the state of oklahoma saw a Record Number of daily new covid cases as well and the Health Department in this state was urging anyone who had attended any large scale gatherings in recent weeks to get tested for covid19. Also, by the way, tulsa was the place that President Trump held his first rally in three months on saturday evening. Ashley yes, he did. We will get into that. Thank you very much. Lets bring in market watcher Keith Fitzgerald for all of this. Keith, good morning to you. The markets are up despite all this news of a second wave or increased numbers, for sure, but you say the rally going to throw some cold water, you say the rally will lose its steam this week. Make your case. Could. Could, ashley. Could. We always want to be looking forward, but the thing that concerns me this week more than i have been concerned since this began is the change in psychology between the civil unrest, the violence thats emerging in our major cities and virus cases. That throws unknown into traders equation. I simply think we might get a reset. I hope not. Im not planning on it. But i think we could. Ashley all right. The caveat, could. All right, keith, stay right there, if you will. We have more news from over the weekend. A deadly weekend in major cities across the country as we mentioned. Seattle, chicago, minneapolis, new york city. Lauren simonetti joins us with the grim numbers. Lauren it was a deadly fathers day weekend. Lets start with chicago. If you look there, across the city, 67 were wounded, 11 were killed including a 3yearold boy. The Police Superintendent says violent offenders are let out of jail too soon, not being monitored enough when they go back. There was also a deadly shooting at the chop protest zone in seattle. A teenager died. Someone else was shot last night. Neighbors are very very concerned about their own safety. And the businesses, too. Lets go to minneapolis. One dead, 11 wounded over the weekend and in new york city, 24 people were shot on saturday alone. One reason for the citys uptick is defendants arrested for gun possession were allowed to skp l bail during this virus so protesters from coast to coast want to defund or disband Police Departments kind of when we need them the most. Ashley yeah. Youre absolutely right. Not a pretty packet. Thank you. I want to go back to seattle. As you mentioned, police are investigating yet another shooting inside chop. The capitol hill organized protest. You can see that dramatic footage on your screen. Its a bit blurry but attorney general bill barr is now speaking out on the escalating situation there. Take a listen. So will you challenge that autonomous city . Will you sue the mayor . What can you do . I dont want to get into specifics but we are obviously keeping an eye on it and as the president said in due course, we may have to do something about it but we cant let it go on indefinitely. Ashley cant let it go on indefinitely. Thats what the president has been saying. Lets bring back in keith fitz. You are our guy in seattle. Whats happening to your city . Tell you what, i wish i had an answer. I grew up in that neighborhood. I am just devastated to see whats happening to people i know, to see whats happening to the streets, to the character and really, the spirit of what made seattle great. Im not going to write it off but boy, it is just heartbreaking to watch this happen right in front of you. Ashley what these people are anarchists. They have taken advantage of a protest for racial justice, that we understand but i want to know how you resolve this . Do you have a weak governor and weak mayor, is that part of the problem . You know, im not a political expert, im a market guy, but tell you what, the money says youve got a weak governor and weak mayor. There are serious questions being asked about civil control, about intention, about understanding. This is not going to be the summer of love, the fraternal order of police is worried they cannot get in and protect the citizens who need it the most. This is not going to end well. Ashley what about the businesses trapped within the zone . I have heard from a number of folks who are extraordinarily concerned. They are seeing their lifes work go up in smoke quite literally. Once that happens, you are dealt with a situation of do you go back, do you invest. I talked to a lot of people who are simply going to move right out of the city and in fact, across the country. I expect rural real estate to pop. Ashley yikes. I know youre a market guy so i will finish on a market question. Whats on your buy list, very quickly . Oh, im very excited. Many of the companies we have been talking about, microsoft, visa, jpmorgan, but echo lab, you know, that one is we have so much sanitation, so much cleaning thats going to take place, we will need entirely new regimes to return the optics to air travel, to hotels, to restaurants and i think that company is perfectly positioned for it. Ashley very quickly, we have another leg down, you see that as a buying opportunity, i would imagine . You are absolutely correct. Again, opportunity trumps fear every single time. I dont mean that in a loaded sense of the word. Apolitically, more expensive to try to miss fear than it is to miss opportunity. Ashley we will leave it there. Great stuff, Keith Fitzgerald in the Great Pacific northwest. Thank you so much. Back to the virus now. As we have been saying, cases of the virus surging over the weekend. More than 32,000 over the past 24 hours alone. President trump chalking that up to an increase in testing. Take a listen. You do testing to that extent, youre going to find more people, youre going to find more cases so i said to my people slow the testing down, please. They test and they test. We had tests, people dont know whats going on. Ashley all right. That was tongue in cheek, thats how i took that. Lets bring in dr. Marc siegel, fox news medical contributor. Doc, if its all about testing, then i guess arent these the real numbers, the more we test, the more we realize how much more prevalent perhaps the virus is . Thats part of it, ashley. Good morning. Part of it is an increase in testing and Peter Navarro also said that the president was being tongue in cheek there, but its not all of the answer. States like florida and texas and california have seen close to 4,000 or more new cases per day, but the flipside of that is, its mostly young people. Thats a positive because 20 to 40yearolds we are seeing here tend to get milder cases and in fact, the death rate from covid19 is down 40 over the past two weeks. We are not yet seeing the surges in hospitals and the cases themselves tend to be mild. The caution i would adhed here can we keep them from spreading to the communities that are most at risk. So far, yes. The states that are involved have to be paying particularly careful attention to this. Thats where the social distancing is needed the most, in florida, in texas, in california. Ashley very quickly, im sorry its so quick, we have 20 seconds, have we seen a surge in cases linked to all the protests we have seen around the country . Not yet. You know, we havent. We havent of course seen it we dont predict we will see it related to the president s rally either. We havent seen it related to the protests which is not the same thing as saying i recommend people congregate close together shouting without masks. I recommend the opposite. Social distancing, masks, being careful and being calm. So far, no. Its been tested all around the country, specifically minneapolis studied this. No uptick of cases related to the protests. Ashley there you go. Doc siegel, thank you so much. Really appreciate your input this morning. Virus cases here in new york city appear to be leveling off. We know that. Thats what the numbers show. So phase two of the citys reopening officially begins today. Kristina partsinevelos on sixth avenue. Im thinking midtown. Kristina, this reopening not without pitfalls, right . Kristina let me actually, we are in Hells Kitchen so we are off ninth avenue but last but not least, new york city is finally opening up phase two. The last region in the state to do so. That means Outdoor Dining like these lovely people are enjoying their breakfast right now. Barber shops, retail, some office space, some play grounds as well. But despite the reopening, the city is still estimating a loss of almost half a million jobs over the course of 12 months. Businesses are going to be very cautious. What i mean by that is if you go around just the entire city, you can still see that many of the restaurants, stores, everything is still boarded up. Theres also Office Spaces that are very very cautious, telling people to either stay home, come in late or they wont be allowed back until labor day. When you have fewer people, that means a huge drop in sales tax revenue for the entire city. We are also talking about the Restaurant Industry, though. They have taken a major hit. A loss of over 120 billion just over the course of three months. Thats why its so important for these restaurants to reopen. The city is estimating it will help 5,000 restaurants and 45,000 jobs. Back to you. Ashley all right. The sooner they get back, the better. Great to see life at least behind you, people enjoying a restaurant. Kristina, thank you very much. Lets take a look at the futures. Despite all this talk of a second wave and the resurgence of the virus, check out the markets. The dow, after losing ground in the last session, up 166 in the premarket. The s p and nasdaq up abo about. 75 . The Trump Campaign fighting back against claims that teens on tik tok sabotaged the president s rally in tulsa, oklahoma. How does the president think it really went . We will get into that. I will ask trump 2020 Strategic Communications director marc lotter, who will join me in the 11 00 hour to get into that. Check big tech. Attorney general william barr sounding the alarm amid recent incidents where Tech Companies are trying to censor content. More on that next. Theres something, you know, very disturbing about whats going on. These Companies Held sthechls out as open to all. Wherever you live, certain truths are universal love. Feels the same. Joy. Is a joint expression, and health. Is an essential need for all. 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We are officially in summer and the markets, well, are moving along very nicely, thank you very much, in the premarket although perhaps losing just a little bit of steam. The dow up 118 points, the s p and nasdaq up anywhere from. 6 to. 75 . Lets turn to the very latest from the president. In an interview with fox news, he confirmed new visa restrictions on the horizon. Lauren, come on in. What does that mean . Lauren yeah. Well, basically it means because more americans are looking for jobs now, the president wants to expand and extend restrictions on seasonal or temporary foreign workers. That means most will be blocked from visas or green cards if they come to the u. S. To do some work. The extension is to extend the end of the year very likely and is a key part of his reelection. Ashley the president again trying to end daca after a loss to the Supreme Court. The High Court Ruled 54 against, so if he refiles, from what he tells us, its going to be successful, he says. Lauren he says it will. Thats what he told john roberts. But he plans to rescind the Legal Protection to about 800,000 Illegal Immigrants that were brought here when they were children by their parents. The president is now going to refile that lawsuit and he expects to do so right before the election so again, immigration is going to be very much a part of his reelection campaign. Ashley yes, it is indeed. No big surprise. I should mention that later in the show we will speak to a daca recipient herself. Shes a nurse who works in a hospital in phoenix. Remarkable story. We will get to that. Thank you very much. Next one now, six states on the screen. We mentioned this before, easing more restrictions today. Finally allowing Outdoor Dining and for Small Businesses like hair salons and barber shops to open their doors, finally. Lets bring in ed rensi for this, former mcdonalds ceo. Ed, you say democrats are using covid to try and stop President Trump because they have no real plan or strategy to reopen themselves. Strong stuff. Yeah. Im a Small Business guy, i spend a lot of time with Small Business leaders and watch how they live and work. One of the things i do is i watch what people do and not necessarily listen to what they say. When i look at the Democratic Party right now with nadler, pelosi, schumer, schiff, all doing everything they can to get trump out of office and never once hearing how do you deal with china, what is the longterm strategy, how do you deal with the fact that joe bidens family was in the back pocket of the ukrainians and chinese, how do you feel with these issues of unrest in these major democratic cities, washington, new york, seattle, where they are releasing prisoners with felony records, gun violations, the murder rates are going up. I watch what the democrats are doing, they are allowing chaos on the streets of america in hopes that its going to spill over into the trump presidency. I think its criminal in a lot of different ways and its very very scary for the long term success of our representative republic. We are going to lose our freedoms. Look whats going on in seattle. Gangsters have occupied major section of the city. Its just not right or lawful. Ashley you say that basically then destroying the economy is the main strategy, if you like, for the democrats against the president. Is that what youre saying . Well, i dont know if its a strategy. Its an accidental opportunity, i think. When i look at this covid19, clearly its a very serious matter. We need to social distance, wear masks where we can and should, behave ourselves as good citizens should. We shut our economy down and put a lot of people out of work. There are a huge number of restaurants that are filing for bankruptcy. Big Companies Filing for bankruptcy. We cant let that kind of thing go on and we need to have a partnership between republicans and democrats to get this nations economy healed going forward. We need to get people back to work. When we think about the torture in the Africanamerican Community because of longterm racism, the best way to get people elevated in the Africanamerican Community, the hispanic community, is jobs and greatpaying jobs. I look from a standpoint of the Restaurant Industry. We had more young africanamerican and hispanic teenagers working than ever before in the history of this country and its now being destroyed because of covid and political activity which is just abhorrent to me. Ashley i think you said a lot. You are fired up this monday morning, ed rensi. Although we are starting to reopen and we need to get this economy rolling ahead. Thank you for your thoughts this morning. Much appreciate it. Very quickly, lets take a look at the futures market. We are still up nicely, but losing a little steam. The dow up nearly half a percent, up 115 points. The ma

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