Transcripts For FBC Varney Company 20240711 : vimarsana.com

FBC Varney Company July 11, 2024

We will tell you what he is saying. The cdc says School Closings are a terrible way to fight rising covid cases was we have a doctor who agrees with him coming up, sounding off later in this hour. Lets look where stock prices are right now. We see the Dow Jones Industrial down 91 points, the s p down 9. 25 and the nasdaq down a tick as well. We will follow the progress on the market says they are due to open in 29 minutes and you will see the president today for the First Time Since saturday, he will be delivering remarks on lowering drug prices for all americans it to 30 p. M. Eastern time. You can watch that on foxbusiness. Joe biden is set to meet with nancy pelosi and Chuck Schumer today and we cant leave this out, Alexandria Ocasio Cortez is in order to get the virus under control we should close businesses and pay people to stay home. Forget about businesses going bankrupt, the government can take care of all your needs. Isnt that pure socialism and dont we all know how that story ends . We are taking her on later in this hour. Varney and company about to begin. Lady why dont you meet me in the middle dave nice day in new york city. Lets get to it, doctor Anthony Fauci taking a swipe at Andrew Cuomos downplaying of operation warp speeds progress on vaccines. I hear a lot, two mondays ago about some reticence of people, did you rush this . Was it too fast . Is it safe and efficacious . The process of the speed did not compromise at all safety, nor did a compromise scientific integrity. It was a reflection of the extraordinary scientific advances of these types of vaccines which allowed us to do things in months that actually took years before. I want to settle that concern people have about that. Dave we will have more on that in a few moments but lets get the latest news on the vaccines. A lot of news. Reporter pfizer and biotech filing for fda emergency use approval for their two does vaccines. Here is alex azar. Assuming there are no hitches in the process, we could be look at authorization of this vaccine in weeks. We will have shipments within 24 hours of millions of doses of this vaccine to the American People. Reporter of approved, this is the likely rollout order. Healthcare workers and the elderly, essential workers, then teachers, finally it would go to children, the fda is looking to schedule a meeting, a review meeting for early december, the secretary is praising pfizer and modernas vaccines, they have tested 80,000 people to gather and they can get 40 million americans inoculated this year. Dave this year. 40 million americans. Thank you very much. Joining me is medical contributor and author of covid, the politics of fear and the politics of science doctor mark siegel will. 40 million doses of this year alone, that goes far beyond medical workers, doesnt it . This is the power of science and the Publicprivate Partnership unprecedented that is operation warp speed. I interviewed several of the scientists involved, this is the antinanny state. Pfizer working with the German Company that came up with this vaccine, working with the military in terms of dispersing a vaccine and getting it ready. And the general getting it out with a Software Program that will monitor it. And the deepfreeze freezing dry ice to send it around the country and it can be refrigerated in freezers for 24 hour before it is used. The safety pattern 8000 people that were studied and it was deemed to be save over a 2month period, we have 95 effective vaccine, 8000 completely safe with minor symptoms. Now it is ready for fda approval, emergency use authorization, then healthcare workers like me, people in the front lines in the elderly, to Nursing Homes. This will be an unprecedented situation and it deserves tremendous applies, not criticism, not anybody on the state level like Governor Cuomo saying slow this down. That is a disgrace. We need vaccine compliance. Dave the poohpoohing by cuomo and others who said warp speed had nothing to do with it, this is companies the would have done this regardless of warp speed, what do you make of that . Moderna is in the heart of operation warp speed under the auspices of the nih. That, Anthony Fauci was looking over moderna. Why do you think pfizer and bio intech came up with this so fast, they didnt compromise the science. They knew that 2 billion was coming from hhs and the federal government for 100 million doses. That was bought up front. If you know you already have an audit an audience that will buy your vaccine, you have a builtin Distribution Plan you get the science done. We never had the manufacturing in place to partner with the science, never done that way before. Dave the d regulations played a big part in that following along with the trump policy on deregulation. Great to see you, exciting stuff. There are new restrictions, new covid restrictions. So many out there. California governor gavin newsom says he is sounding the alarm and offering a temporary curfew through most of the state. The order that goes into effect saturday, stops gathering, nonessential work between 10 00 pm and 5 am. That scenario is under the toughest restrictions, he wont be going to a fancy fresh restaurant. 41 out of 50 counties, exit 94 of the states population and in new york city bill diblasio, very close to deciding whether to shutdown Indoor Dining again and across the country we are seeing more of these orders kick in. Some have curfews, some have almost stayathome orders and we will do this throughout the show. We should mention that the cdc is warning against traveling to visit relatives and friends this thanksgiving and the Holiday Season and urging anyone with possible coronavirus symptoms to stayathome. As we head toward thanksgiving and Christmas Holiday so timing couldnt be worse. Dave the contrast between the amazing progress on vaccines and therapeutics and these increasing cases in the lockdowns. Lets bring in peter morici to talk about this. I dont think it is coincidence we are seeing lockdowns in blue states, the red states are trying to keep the virus at bay but also keep the economy humming. Where you keep the economy humming people dont lose jobs and we dont have ancillary effects of depression, drug abuse and so forth. We have to remember there are extreme costs in terms of Peoples Health and economic wellbeing from locking down. Dave we had bad news on the job front, the dallas fed president is worried about a doubledip recession, the possibility of one going into 2021. Are you worried about that . It is a concern. My feeling is the Fourth Quarter will be a slow quarter in terms of growth considering where we came from. We need to stop the bickering between the treasury and the Federal Reserve about continuing the loan programs to businesses and municipalities and so forth. This is not the time to pull those back. Comments like Governor Cuomos serve to stir panic in new york, so many people hesitant about vaccines. His kinds of comments will cause people not to take the vaccine when it is available and create more problems and more deaths. These comments lead to higher fatality rates. Dave we have to worry about the possibility, the new administration coming in with new taxes. One of the worst things you can do coming out of a recession like we are beginning to do is raise taxes. We saw how that did not work in the slowest economy in history during the obama Biden Administration. They stumble over one another trying to see who can be more leftwing and socialist. Jason rose an article in the wall street journal saying higher taxes would increase growth. I have a spence of education in economics, maybe not from harvard but nowhere have i written any books or seen anyplace that raising taxes by itself will create growth. It is unfortunate they just got clobbered at every level except the president of election. Right on down to state legislatures, people rejecting these kind of socialist ideas, people rejected tax increases in illinois and california, they rejected affirmative action in california. They are getting messages the common sense of the general population says they dont get it. Dave the bottom line is, the tax increases in 20092010 led to the slowest recovery in history at least in recent history or the twentieth century, and we have to move on. Great to see you. Lets get a check on the future, the Dow Jones Industrial average trading down, it hasnt yet gone below 100. It bears out in the next 15 minutes as we get closer to the opening of the bill. The nasdaq is positive. Joe biden and Kamala Harris have yet to say whether they will meet with black lives matter after the Group Demands their agenda be prioritized. We know it is a marxist agenda and that is not all. They are putting pressure on biden to act on their far left agenda. Roll tape. To make sure the Biden Administration keeps its promise. We know that we dont just make that demand and walk away, we have to organize for it, bring the heat for it. Dave that was aoc behind the mask. What does Lawrence Jones think of all this . He joins me next. When i was in high school, this was the theater i came to quite often. The support weve had over the last few months has been amazing. Its not just a work environment. Everyone here is family. 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Happy friday to everybody. President elect joe biden and Kamala Harris have yet to say publicly whether they will grant a meeting with black lives matter. That group is demanding California Governor Gavin Newsom appointed a black woman to fill Kamala Harriss senate seat claiming it is, quote, nonnegotiable whatever that means, joining me is fox news analyst Lawrence Jones. Whatever happened to doctor king gaps adage that you judge people by character and not by the color of their skin . It is convenient. Sometimes they want to apply it and sometimes they dont but this is a monster of the democrats own making. When you give people, often they take a mile. They are going to have to abide by these demands. They have a pulse of the movement, the marxist trained, they have power to them before and many of us, i am a libertarian, i believe black lives do matter, i believe they have the power to speak up but that is not what the organization stands for. They have all types of bullet points that have nothing to do with black lives better but when it comes to gavin do some they have to do what they say because he has capitulated to what they stand for. Dave they say it is nonnegotiable. What does that mean . That if you dont to do what we say we will send people out in the streets . We have to remember, a lot of those demonstrations were peaceful but we have 570 demonstrations, is that what they are threatening . Or using their political power, the aoc wing is part of the progressive caucus. They have a lot of power and are willing to leverage it. One part of me admires them putting politicians to the fire. I disagree with their philosophy and where they stand on politics and rioting in the street but they are making it very known you cant just stand with us from a pr standpoint, you got to do what we say. Dave we have a soundbite, friends in congress will be pushing the new administration into their corner. Lets play that soundbite and get your reaction. That is what the next move is to make sure the Biden Administration keeps its promise. We have to organize for it, brings the heat for it. With president elect biden i said i may not be your favorite member of congress because my timeline is different. Black and brown communities organize across the country to make sure joe biden, and he did that. It is time for payback. Lawrence, what is that payback, specifically, what policies are they going to demand that biden is going to cave to . I am popping my popcorn. I disagree with these people from an ideology standpoint but holding politics to the fire they promised the Green New Deal, promised they were going to get medicaid for all, promised they were going to be Social Security dave forgive me but we saw what happened in the election. A lot of moderate democrats are saying those kind of promises led to us getting defeated. They dont care. Think about this like the tea party. I remember because i covered it. They didnt care about the conservative moderates, we are going to get hammered if we dont believe in this. Either you give us a balanced budget amendment, get this debt under control, Civil Liberties back or we will get primary. That is the status of this Democratic Party. If you dont get in line, moderates, those progressives will challenge you in the primary and they will win. Dave we should remember that Kamala Harris would take the blm position on things like Michael Floyd in ferguson, missouri over the position of Obamas Justice department that said he was not murdered after an extensive investigation. M brown in ferguson which i was underreporting to the shooting was justified and race didnt play a part. The doj said they were policing forprofits but i dont understand how they disagree. Dave thank you very much. Markets open flat and the opening bell in a moment. Turn on my tv and boom, its got all my favorite shows right there. 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