Transcripts For FBC Varney Company 20240712 : vimarsana.com

FBC Varney Company July 12, 2024

Are buying oracle, modest selling, investors are buying oracle, modest selling and microsoft, i got that right. They are buying nvidia which is paying 40 billion to softbank for the arm holding, heres what we know it helps nvidia become a major player in advanced computing from the cloud and nvidia ceo the stock is up 31 a share, as per the election campaign, the contrast, the president took his message directly to Live Audience in western states and invited up a crowd in nevada, joe biden stayed home. After the ambush of two Police Officers in l. A. Biden issued a tweet condemning violence, trump called for the Death Penalty football, tom brady lost but football is back and despite the absence of crowd, the gate on time played well on tvp fight shots of the game piped in crowd noise, it worked for me, social justice activism was hardly apparent during the game itself but Colin Kaepernick did have something to say. You will find out what he had to say. We have a new shopping holiday, trump goes to california, bloomberg spends 100 million in florida just in florida and josie the restaurant people in new york city marching against rules that ruin them, Varney Company is about to begin. Stuart wildfires on the west coast, dramatic video killing 27 people, that was last week, the total deaths is 35 so far this year, right now as of now 29 major fires are burning just in california, 17000 firefighters trying to fight back against the flames, Washington Governor Jay Inslee says his state looks apocalyptic and whos to blame, Climate Change, thats according to west coast politicians, 3. 3 million acres burned so far, some meteorologist say today can be the worst day yet with dry and windy weather in the forecast. Later this morning they will travel to california where he will be briefed on the fires in the California National guard, he will be the governor gavin newsom, you could see a Climate Change clash. All that coming up today, lets bring in the futures, lots of green right there up 200 for the dow, up 140 for the nasdaq, market watcher keith is with us. You fessed up last week to having bought big tech on the dip, im sure you happy you did that because i think you got a bounce but are you buying anymore today . Yes and yes, this is the kind of weekend where you really want to see something happen and boy did we get a deal making weekend, this is what 80 billion give or take and i like this because ceos dont traditionally make deals like this unless theyre confident, that is the important part. Youre talking about and nvidia deal, tiktok deal, thats whats giving us the rally this morning. You got tiktok, microsoft, oracle, gilead, nvidia, a lot of big names, pfizer coming out with a vaccine, thats not ideal but kind of video, a lot of that points to confidence and i like the outcome of that coming into monday morning. So youre buying some more, i want to talk about tiktok, oracle beats microsoft, susan lee with me this morning, is it over. Susan we know without the valuable argo rhythm with microsoft, with the oracle deal, is not necessarily an outright sale, detect partnership as they call it, we have to see in terms of what the price tag is that the end buffer oracle there is a lot of pluses and microsoft has a deal and they have been stagnant when it comes to cloud losing ground to amazon and microsoft, now youre the exclusive Cloud Service partnership with the Fastest Growing social media site on the planet and that makes sense for them, you get a younger demographic as well in the ecommerce, social Media Consumer facing and its also bragging right for him to be an ambassador when it comes to burning u. S. China bridges tied the two types. Stuart they dont get the algorithm but about the ties. Susan if microsoft were to do the deal for tiktok, u. S. , Canada Operations it was run 20 30 billion in the price tag, this is a partnership and some see it less than that, probably in 5 10 so we know oracle does not do big partnerships and the biggest one they did was early 2000 for around 10 billion. Stuart is it over, is this thing over . We hear treasury secretary mnuchin saying he will review this this week and making a recommendation to the white house if one person can get past because this is not an outright sale that the president wanted to see and if someone can get past the u. S. President and might be larry elson who held a fundraiser for the Reelection Campaign earlier this year. Stuart thank you very much i want to bring keith back in, you been a big fan of microsoft where they did not get the tiktok deal, do you still like microsoft . 203 a share this morning. Yes, ill tell you why, very sinister side to the oracle tiktok tie up, thats in microsoft with strategic beijing strategic deception, they picked oracle because they possibly compliant with chinas desires, microsoft may have been too much of a threat for beijing, yes i still like microsoft and especially so given the playoff. Stuart thank you very much keith, we will see you again soon, lets move to the vaccine hunt, astrazeneca resumed their vaccine trials and number of patients reported a side effect in their back on again, 18000 people have received the vaccine so far, here is pfizer, the ceo albert says the virus vaccine may be finished by the end of the year and he says pfizer has manufactured thousands of doses in preparation for approval. Doc siegel joins us this monday morning. Doctor Anthony Fauci says going to a theater will probably not happen until a vaccine has been out for a year, that seems a very long time frame to get that close to normal. Doctor doom and gloom found she is speculating on basing this on any knowledge of the virus, the virus itself varies from one place to the next, the question is how much of the viruses around that is number one, number two what precautions are Movie Theaters taking, the taken a huge hit, Christopher Nolans movie opened 200 milliondollar budget and they made back 20 million but the real feeling interviewing is going on with netflix with the martian movie, that series is doing unbelievably, its hard to find open Movie Theaters but i have a question doctor fountain, what about more driveins, what about using distancing people and having good ventilation, i dont think we should write off the Movie Theater industry yet, i think it can be saved. Stuart what im getting at, whether the virus is going to get us back to normal or not, we dont know whether it works, we have not finished testing, we dont know whether people will be compelled to take it to get on a plane or send their kids to school, we cannot look at the vaccine as a magic bullet by the end of the year can we . Extremely good point, one thing that is never coming out in the headlines, we dont know how effective the vaccine is going to be, even if its 50 effective, it will get approved and be a useful tool but it will not be a panacea, we need a combination of very smart public health, physical distancing continuing to use masks and the vaccine will add something to this, we have to readjust and im a big fan of drivein movies and i love them when i was a kid, we need more driving theaters and what we need common sense at Movie Theaters, i dont think saint 2021 vaccines, Movie Theaters then come back, is it accurate prediction is speculation. Stuart thank you for joining us we will see you again soon. Lets get straight to the economy because adobe is out with the latest read on online shopping, what is adobe saying . Lauren were spending a lot of money online, how much, 63 billion in august, that is 42 then last august but it was down from julys growth rate of 55 and the start of the pandemic we saw growth rates pushing 80 , why the slowdown, the stores are open, that easy, 27 of surveys said they felt more comfortable shopping in brickandmortars in august than they did in july and should we get a vaccine this year, i think the retail stock will really breakout. Stuart i hear you, thank you lauren. Take a look at apple, what are they this morning, this is unusual first time in a long time we have not quoted apple right up front at the show, theyre loosening, you have to explain it, loosening inapt restrictions. Susan that means game streaming like microsoft, x cloud and google study can now operate on the iphone, however, the big catch this might make it not even compliant for microsoft and that means every individual gain has to be individually broken out as an app on the app store, do you know how many games there are on google x cloud, a lot, for them it makes you think why do we have to do this at streaming sites like netflix and spotify they dont have to break out every individual tv show or show, for apple itself the app store has been a complaint for antitrust meaning is monopolistic and entire control over the iphone and what goes on it. That has been a source of complaint from fortnite, the fortnite maker, apple tomorrow might be positive for the stock since were expecting a new watch and also an ipad but this complaint continues to go one. Stuart is apples i store. Susan app store. Stuart they created it, they can figure it out. Susan thats what theyre saying and protecting user. Stuart fox business alert to Los Angeles County deputies in stable condition expected to survive after being ambushed while sitting in the patrol car, President Trump swiftly and strongly condemned the violence, joe biden responded with tweets from his basement, we will dig into that for you, failed democratic candidate told president bloomberg pledging to spend 100 million to be trump in florida. We have that story as well, first the futures, monday morning tuning in, a lot of green were going up on the dow, the s p and the nasdaq, well be right back. Do a good whatever you do your rates just because of an accident, even if its your fault. Cut sonny. Was that good . Line the desert never lies. Isnt that what i said . No you were talking about allstate and insurance. I just. When i. Lets try again. Everybody back to one. Accident forgiveness from allstate. Click or call for a quote today. Every curve, every innovation, every feeling. A product of mastery. Lease the 2020 es 350 for 359 a month for 36 months. Experience amazing at your lexus dealer. Eso youre a small businor a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. If i could, baby id how can i, when you wont take it from me you can go your own way go your own way your wireless. Your rules. Only with Xfinity Mobile. Joe biden is calling for more gun stocks in light of joe biden statement. Ashley theyre moving higher, in fact they could be guncontrol, joe biden calling for that less than 24 hours after the two l. A. County sheriffs deputies were ambushed and critically wounded in compton after they were essentially ambushed and their squad car, in response biden tweeted this, weapons of war have no place in our communiti communities, we need to ban assault weapons and highcapacity magazines per he also called the shooting unconscionable, President Trump meanwhile went on the offensive calling for a fast trial with the possibility of a Death Penalty adding animals must be hit hard, the president calling for criminal sentencing guidelines and faster courts, speaking of the latinos for trump event in vegas over the week of the president used the l. A. Ambushed to highlight his campaign law and order message wall portraying biden week on crimes, he is not strong for law and order and Everybody Knows that in the two l. A. Deputies in question are in Critical Condition in the hunt for the suspect continues. But as a result from the comment from biden it is interesting that we see the gun stocks move higher. Stuart it moves every time. You have control gun stocks go up. Look at the headline in the wall street journal, its the economy stupid carries less weight in 2020 elections, a gallup poll saying they leading the issue for voters and it comes third behind the virus, government poor leadership and the economy. Look who is here Stephen Moore member of the president Economic Task force. Do you believe that the economy is not the primary issue facing the electorate today . Im not buying it, i think obviously the virus so thats a huge issue, the two issues that matter most right now are the American People, jobs and their personal finances which is the economy but also progress being made on the virus and by the way nobody in the media is reporting this but the progress in the last few weeks in terms of reduction of caseloads and hospitalization from coronavirus have been remarkable, wed not seen anything like it and nobody in the media is reporting that, that is good news from trump, the other issue that will be critical is what you were just talking about, public safety, just antidote a week, everyone i talk to, they are concerned about whether the streets are safe, whether the police will be there to protect them and do not undercount that issue in terms of its importance to the American People. Stuart one thing i dont understand why the democrats, Speaker Pelosi and senator schumer walked away from helping working americans, last week nancy pelosi said no to a 300 per week emergency unappointed pay, no to 105 billion going to the schools, that seems to be a reversal, i thought the democrats were for working people and yet they reject help for working people, i do not get it. Good point he said no to the hundred dollar payment, im not a big fan of that but something pelosi and trump want to do but she walked away from that, she rejected the payroll tax cut which trump has been talking about for months which provided every american immediately a 6 pay raise and all she seems to care about in the negotiations is a real opening for trump is giving money to politicians from states and cities and mayors and governors and if yes the American People what they care most the payroll tax cut in the money in their pockets and they dont want to go to politician, this is important for people to understand, what she is essentially done has hijacked the whole stimulus relief measure unless she gets every thing that she wants and then you have to start questioning her motives, does she not want the economy to get better, does she want the economy to be as bad as possible so the democrats can win, ive never been that cynical before that im starting to wonder. Stuart cynicism is a dreadful thing isnt it. Stephen moore all good stuff, thank you for joining us. Fox business alert, Howard Schultz former starbucks ceo says hes voting for joe biden in november, he tested the president ial waters, he briefly considered running as an independent last year, he said also contribute to his campaign, that will be to bidens campaign. Susan, facebook tried to recruit election poll workers. Susan directly into the new see on facebook, it comes up with information on what your friends are doing, that includes links to poll worker registration site and theyre concerned this year that covid will cause a shortage when it comes to poll workers so the initiative if part of facebook push to sign up for million to register and vote this year. Facebook like other dozens of other Companies Like gap, target, walmart and starbucks are giving their workers the day off and paid time off for this year, facebook announced that they will allow no new political ads in the week heading up to the november 3 vote in there taking steps to prevent any candidates from claiming victory too soon so the two will be heavy on balance compared to previous cycles. Ashley i guess so, itll be heavy with the mailin voting, i still dont think you get an election result on election day or election week. Susan base because tried to unhide themselves for what happened in 2016. Stuart understood and facebook is back to 270 as we speak. Where are we going with opening bell, were going up, look at the nasdaq 180 odd points, 1. 6 , the dow is up to 37, to rally this monday morning, you will see it after this. Hi, this is margaret your Dell Technologies advisor theres an art to listening. Its the ability to hear more than whats being said. To understand the meaning in every pause. And to be able to offer the answers that make someone feel truly heard. I understand, lets get started. Thats what you get when you talk to a Dell Technologies advisor. Thats what you get good job, michael does. Ok, lindsey now tell the class what your mommy does. My mom has super powers. Its like she can see the future. What . its like she time travels in a rocket ship. Thats cool and then she comes back saying try this or try that. She helps everyone. She helps them feel less worried. Wow mommy, so what is it that you do . Im a financial advisor. She is aig proudly supports all the professionals taking care of our financial futures. It was 1961 when nellie young lost her devoted husband. Without him, things were tough. Her last option was to sell her home, but. Her home meant everything to her. Her husband had been a High School Football coach and it turned out, one of his former players came up with an answer. 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