Transcripts For FBC Varney Company 20240712 : vimarsana.com

FBC Varney Company July 12, 2024

Heavily political negotiation we said we cannot tell what is going to happen. The market seems to believe there will be some kind of stimulus, the dow up this morning up 150 and nasdaq of 171. Plenty of green on expectation of a stimulus deal. As for the white house, doctor sean conley says the president has responded extremely well to treatment. And expects him to return to public engagement, mr. Trump is going to do just that, hes going to florida for a rally tomorrow. Speaker pelosi questioning the president s fitness for office, she intends to bring up the 25th amendment to the constitution which is about the presidencapacity to function. On the one hand they negotiating training in dollar stimulus plan and on the other the speaker questions mr. Trumps ability to run the country. To the debates, more confusion. Mr. Trump will not participate if its virtual, joe biden says he will be there anyway. But he has scheduled a town hall with abc on debate day, october 15 and a raging debate about a tweet sent by the debate moderator to an outspoken trump critic. On tap new lockdown and parts of new york city, new lockdowns in french cities biden will not talk about packing the court, Rush Limbaugh holds a virtual three hour lower underbelly with the president today and larry kudlow joins us in our 11 00 oclock hour. 25 days to the election, the jampacked friday edition of Varney Company is about to begin. Stuart is not real. Lauren that is real music. Stuart it is friday, busy news day we have a lot to cover and lets get on with it. President Trump Press Secretary just saying he will be tested today to see if hes free of the virus, visit the white house physician give him the okay to return to public engagement, here is the president speaking to sean hannity. Have you had a test since your diagnosis a week ago. What were doing, the test will probably be tomorrow, the actual test no reason to test all the time but they found very little infection or virus if a any, i dont know that they found dating, i didnt go into it greatly with the doctor. I think i will do rally on saturday night if we have enough time to put it together but we want to do a a raleigh on florida saturday night and might come back into one in pennsylvania and the following night and its incredible what is going on, i feel so good. Stuart lets wrap this up, the president s health and the status of his proposed rallies in the state of play on stimulus talks, we are following a fluid situation but look who is here right now, fox news medical contributor doctor marc siegel. Let me get this right, youre gonna conduct a medical evaluation of President Trump today during his first on camera interview since contracting the virus. Let me get this right, is this a virtual evaluation, not a facetoface evaluation with the president . It is virtual but keep in mind ive been doing television for months, im getting quite good at them, this will not be an official but kind of like a doctorpatient evaluation where i asked questions and he gives answers, i will approach the president of the United States as a patient. Stuart will you be able to say flat out, this president is okay to get out of the white house and go conductor rally, will you be able to say that on the basis of a virtual evaluation. I dont know what ill be able to say but ill be able to have an opinion on how hes doing, what he went through, a lot of things will be revealed that have not been revealed before. The idea that hes getting tested again is a really good idea on the centers for Disease Control have a guideline that says ten days after the onset of symptoms, you are not considered to be contagious. All of those are factors in play including his test. I guarantee you, you know me all the clinical impression and its going to be conducted as a doctorpatient exchange. Not that hes my patient but me as a doctor. Stuart is going to be the First Virtual Evaluation Survey of a president ever, isnt it . Absolutely, i know how to ask those questions, i guarantee you, im going to figure out how is doing it. Doctor siegel thank you for being here, you can all catch doctor siegels exclusive interview on Tucker Carlson tonight, that is at 8 00 p. M. Eastern time, congratulation to doctor siegel. The markets are waiting for stimulus update, what do we know right now. Lauren talks are ongoing which might be good enough for the stock market if you look at the free market, how Speaker Pelosi speak it again with treasury secretary Steven Mnuchin and this is after earlier in the day that she would not pass in airline bill and it is now open to a bigger stimulus bill which might include jobless benefits, direct tracks to americans and State Government relief and despite all that confusion with the backtracking they keep some that the white house and the aids is weak report suggest President Trump has instructed mnuchin and also spoke with House Minority leader Kevin Mccarthy to find a way to a larger package, its doubtful well get something before the november election, betting that there will be an agreement when it comes to targeted sectors specific stimulus bills and thats why stock markets on track for the best week since late august, struck by the way tied to improvement when it comes to the u. S. Economy are outperforming this week, airlines, travel stock and bank which is encouraging. Stuart the market only cares about getting some stimulus, then a fist before the election were after, they just want the money, some money. Well said susan. Jonathan hoenig with us is friday morning. Is the market just watching and reacting to the stimulus talk, that is it these are trillions and trillions of dollars, the market responds when the government comes in and prints up trillions of dollars on Industries Like airlines for example, what worries me as an investor, this tends to be a shortterm drug hit, for feels good here, the market is rallying but has a negative longterm impact and sometimes even a negative shortterm impact, go back and look at history 2008 and passed at the time which was a big Stimulus Program, 800 billion, the market fell, theyre down 40 over the next six months to a year. Throughout history theres a lot of examples, the 1930s they doubled spending unemployment remain high for decades, and japan has been stimulating for decades in its economy and it has not been much to bolster their ranks or their economy. Shortterm it is a positive but negative the stimulus actually slows Economic Growth and thats my fear longerterm. Stuart jonathan i think you spelled it out very clearly. We appreciate the clarity, we are searching for clarity, i think you gave us some. Thank you. Goldman sachs, getting some stock market predictions based on different election outcomes. Lauren the best outcome for the fox market is a divided congress any republican told the senate, the democrats will the house, the recip s p 50010 , biden if s he will be able to rollback the tax cuts as easily with a divided congress, if there is a democratic sweep, goldman predicts that would mean a 1 gain for the Broader Market which will likely mean tax hikes but also more spending from the government, a lot of the spending packages become the worst outcome according to Goldman Sachs is a contested election which goldman predicts will drag on the stock market by 8 , the take away that gridlock is good for investors because your checks and balances in place and historically according to cfr research, split needs a rally for the broader stock market, 75 of the time after the election. Stuart i am with them on a divided congress. I see how that works on wall street and the economy favor. But what i cannot see is a clean sweep by the democrats, tax hike galore in the white house, the senate in the house. I cannot believe that would result in the upside move for the market. Lauren this is the 28 income tax, thats a check in alexs split congress is a better Case Scenario for investors. Stuart all go without, look at futures. They are looking at the stimulus and the likelihood there have, were up 160 for the dow, 72 for the nasdaq, 21 for the s p, plenty of green again this friday morning. Stay with us, white house top economist larry kudlow joined us. And yes it is friday which means friday feedback, you been sending your comments all week long, friday feedback in our 11 00 oclock hour this morning. Then this, joe biden says he will not announce his position on Court Packing until after the election, another when nancy pelosi said this when trying to pass obamacare, cannot resist, roll it. We have to pass the bill so you can find out what isnt it away from the fault of the controversies. Stuart you gotta elect joe biden to find out what is going to do to the Supreme Court. It sounds familiar. We will find you joe biden sound bite and you can decide for yourself. We will be back. Diane retired and opened that pottery studio. How did you come up with all these backstories . I got help from a pro. My financial professional explained to me all the ways nationwide can help protect Financial Futures in peytonville. Nationwide can help the greens get Lifetime Income because their son kyle is moving back home and could help set up a Financial Plan for mrs. Garcia. And he explained how nationwide can help mr. Paisley retire early and spend more time with his pal, peyton. And their new band. Exactly yeah. Dont forget the band. I havent. This was the theater i came to quite often. The support weve had over the last few months has been amazing. I have a soft spot for local places. Its not just a work environment. Everyone here is family. Gonna go ahead and support him, get my hair cut, leave a big tip. If we focus on our local communities, we can find a way to get through this together. Thank you. If you are ready to open your heart and your home, check us out. Get out and about and support our local community. We thought for sure that we were done. And this town said not today. Its about the humans. Fun loving, fast paced humans. This human that human or these humans. Its about getting more than Health Insurance and a partner who listens and acts. Humana calls it human care. Its about offering a range of Medicare Advantage plans that are easy affordable and packed with valuable benefits many that include Prescription Drug coverage. Its about talking to your doctor from your couch. Helping you find cheaper prescriptions before you even ask. And a plan as low as a zero dollar monthly plan premium in many areas. Call or go online to speak with a licensed humana sales agent and get your free decision guide. Its about getting to know you to help you be your healthiest. Helping you find specialist and schedule appointments. Keeping you social online or off and covering you in emergencies wherever you are. Its saving big on prescriptions like humana Medicare Advantage Prescription Drug plan members who saved an estimated 7800 dollars on average on their prescription costs last year. Its about feeling your best with Preventive Care and Silver Sneakers Fitness Programs. And its knowing that your dental and vision care are included with most plans. Its about affordable allinone Health Insurance by humans for humans. This is the Medicare Advantage plan you deserve. So call or go online to speak with a licensed humana sales agent and get your free decision guide. Humana a more human way to healthcare. Stuart lets check futures again, why not i see a lot of green in the market is moved up a bit more in the last few minutes, were up 160, that is for the dow and somebody up for the nasdaq. Top ceos are pouring money into both biden and President Trump campaign, however, more donors doesnt necessarily mean more money. Lauren good point, biden has the support of 30 s p 500 ceos but raising far less money from these actual 30 ceos, just over half a Million Dollars so far, take a look at President Trump, fewer ceos donating to his campaign but raising far more, the 15 s p five ceos donating to a half billion dollars, that is a must for times of biden has raised and that includes las vegas sheldon, oracle ceo and gm ceo and also is even roth. These are not surprises since they have been vocal in public with their support for the president , probusiness agenda, for biden disneys executive chair bob, ken frazier and ed. Overall spending for this years election approaching 11 billion and that will be higher than the 7 billion that was spent four years ago 2016. Stuart i wonder if bob iger is having second thoughts after giving money to the democrats after the democrat has messed up by not allowing them to reopen their theme parks before once corporate taxes go up to 20 . Well see how investors react. Stuart white ceo of the company says tax me, tax me ill give you money to do it. However, i digress, joe biden says to wait until after the election to give an answer unpacking the Supreme Court. Rotate. I will say my Court Packing after the election is over, the great question and i dont blame you for asking but you know the moment i answer the question the headline and every one of your papers will be about that. Stuart okay, heres the response, jonathan carl, abc news says this does not make any sense, jonathan swann, not sure ive ever seen a politician explicitly say im not telling you what i think about no porn issue until after you vote for me. Well said jonathan. Lawrence jones is with us. I think bought a joe bidens nonanswer is an answer, yes he is going to pack the court, how do you see it. I think this goes to show you that this is the guy that does not know where he falls on issues, often he tries to please the progressive base and his moderate base. But to be frank, this is the monster the media making, this has been largely focused on personality instead of substance, they really push him on where hes going to spend on issues and when he does not answer the question, they let him go. He also followed up the same question by saying if i were to tell you the answer to this, then that is going to be a headline the next day and thats all youre going to focus on. Thats how it works, this is a guy that told the media that they did not press him on the issues, i think its pretty pathetic. Stuart i would not go to as far as a pathetic but its a difficult situation really, isnt it. Lawrence im going to digress for a Second Period we had killer mike on our program yesterday, im sure you are familiar with the guy, very articulate, great fellow, on the show. I want to get your reaction from this soundbite from killer mike. What we need to start demanding more from is a municipality are banking with our institutions, investing in us as young businesspeople and giving us an opportunity that america has promise. What we need to do at this moment, what we need to do besides voting is take care of our dollars and we can do that by banking with green. Stuart it is his bank, his way of putting capital into the hands of minorities as opposed to handing out money, i love it, poor capital in there, what is wrong with that. There is nothing wrong with it, i guy not only talking about it but limited. Ive been a fan of killer mike for a long time. He talks about the Business Aspect of saving the black community for a long time. He goes back into atlanta, he bought back his old block with a combination of ti and other business owners. This is a guy that lives what he preaches and is often attacked by people that are progressives because they do not like his message of meeting with both conservative and liberal because he is one agenda, that is to make life better for black america in the way he feels to do that is economic wealth and economic freedom. This is the guy that is doing every single day, not only with his bank by buying back his own block and make sure hes invested in the community where he could buy lowincome housing, not from the government but the private sector. I love killer mike, hes going to go down in the history as one of the guys that was a trendsetter. I wish more people would get behind him. Stuart put the capital in there as opposed to handing out money. Great to have you back again, we will see you again real soon. Stuart check facebook, the stock is up to 65, they are banning even more conservative voices from their site. Who is getting hook this time . Lauren it is a network that is blame to conservative youth group, facebook removed 200 accounts, 55 pages and 76 instagram accounts, had accused him of posing fake users to flood articles with protrump comments, the accounts were run by a Marketing Firm called valley forge, they were working in part with turning point usa, we know their founder charlie kirk, frequent guest on the program. Valley forge spent about 1 million advertising on those accounts and connected to the accounts, Facebook Says their action will stop the spread of information, misinformation before the election but this misinformation Facebook Says is being curated domestically as well as internationally to interfere in our political process and let me give you a turning point reaction in response to this quickly, they say facebook retaliated against and affiliated entities, as you can see no impact whatsoever on the stock this morning as more conservative voices are booted from the site. Stuart there is never a stock market

© 2025 Vimarsana