Transcripts For FBC Varney 20240704 : vimarsana.com

FBC Varney July 4, 2024

A high of 72000 backed up just a little 724. That is a stand on the financial market. Now this. After the state of the union speech, democrats should be doing cartwheels, thats according to the washington post, they thought biden laid to rest the idea that he was too old for the job, he is jacked up performance reversed worries about his cognitive decline, wishful thinking. A harris poll taken after the speech reveals 59 of voters, 63 of independents believe the speech was divisive, worse than that 57 of voters, 67 under present thought it raised questions about his age. Tuesday a semi outpouring of democrat and Media Support after robert hur testified before, grace. The democrats insisted he had been exonerated in the documents case and robert hur was out of bounds when questioning the president s memory. The white house, case closed. No its not, the president was not exonerated, that were does not appear and robert hurs report. What emerged from the hearing is bidens decline has gone so far that he cant stand trial but he could still run the country . Today he sets off in wisconsin every move will be scrutinized. At the moment hes making a gaffe a day on average in the matter having english protect him they cannot completely isolate him. His campaign is in turmoil. The contrast with trump is particularly upsetting for democrats because the challenger is quite obviously quick on his feet and shows no sign of decline. Unless the democrats managed to ease him out it will be biden versus trump eight months from now in the polls consistently show trump leading biden in key battleground states. The democrat celebration is premature, the third hour of varney start right now. Stuart a perfect time to bring a martha maccallum, the state of the union were premature, what say you spit is premature, there is a lot that will happen between now and the selection yet for convention happening over the course of the summer and these are very close polls in reality when you look at the battleground states have trump ahead too, biden had to. This can be a very tight race and i think people will make the decisions along the way and when you look at what happened with robert hur yesterday and youre right to point out that he was not exonerated unfortunately most people dont pay close attention to this the get is a Nothing Happened with the documents with regard to President Biden, that is why theyre pushing the line so hard that he was exonerated because he knows a lot of people glanced at the headline and accept it. The state of the union was a fairly strong night everything is relative when it comes to the president because of his performance he can have a few verbal stumbles which he did on that night and calm out a winner, the bar is low in terms of his physical mental performance on the campaign trail. We are hunkered down for a 2 fight although 18 say that they want another alternative and certainly not his ground the rfk junior will try to expand in the battleground states worries pulled fairly well, that is a landscape right now. Stuart can i ask you about that, rfk junior is considering Aaron Rodgers a quarterback. Jesse ventura he asks. There was a mention of Tulsi Gabbard and rand paul that they turned on the opportunity. Now hes a little bit lower on the list with the other individuals as a jets fan is my understanding he will be on the field in the fall and i thought they met a football field. We will see what happens. Interesting they clearly like hanging out they have been posting pictures but these are less serious ideas that people had expected. Stuart Jesse Ventura is not serious. Britain will no longer prescribed puberty blockers to children in the services there is no evidence that the treatment is safe and effective you think will see the same van coming to america statebystate. I do i think you are really starting to see movement in this direction, the uk was in front on these procedures and treatments a long time ago that a lot of clinics all over the united kingdoms and what we saw became unfortunately for a lot of women in particular a sad a trend which is terrifying to change your body this is why we dont allow people under 2118 to Smoke Cigarettes and drink alcohol and vote because her young and impressionable in the idea that we allow them to do surgical changes to their bodies at these ages is so deeply upsetting as a society and i think you will see a lot more of this. This is just coming out as a judge has thrown out six counts of charges against trump in georgia it sounds like a win for trump may be a possible delay. You always have to put the cases in the category to remind people this is georgia and fani Willis Nathan Wade case that we watched play out in soap opera fashion over the last several weeks. Scott mcafee has to make a decision whether hes going to take willis and wade off the case and today he made a surprising move by removing six of the 41 charges that exist in georgia, these charges have to do with the rico statute and the collaboration between the former president Rudy Giuliani and all these people, this is a win for the trump team and a marker along the way and will see what happens next. Stuart we will be watching you 3 00 oclock eastern time. See you again soon. Back to the market what im looking at is a nice game for the dow industrial up 100 points, the nasdaq trimmed its loss to a minus 76. Mark capra with me for the hour. I want to start with that coin. The standout market debate is 7. It showing absolutely no signs of slowing down. When anything about bitcoin is a play on liquidity and we have a ton of liquidity in the market right now, its also a supply and demand. Come mid april that having event happens for those of you that are not familiar essentially new production of new coins will be cut in half so you get a phone well feeling where people are like i gotta get some now thats what you see what happened in the rollout of the etfs now etf companies have to buy more this looks pretty darn good and you have to size it appropriately. Stuart you are not in it are you . I buy a little bit every single week. What about your clients. I have a few clients own s some. Its far below 10 of the liquid investable assets and most below 3 so you have to make sure you own the right amount if you go down that path. Stuart a quick question you think theres a chance of a second wave of inflation . Its looking like that. Everybody wants to Pay Attention to the yearoveryear inflation changes in actuality you have to look at the momentum in the month over month changes and we watched cpi go from 0point to to 0. 3, 0. 4 its moving in the wrong direction a month over month it looks like it might read excel the rate core cpi is worse and i think the last three month 0. 3, 0. 4. As looking like inflation is stickier than the fed is expected. I find it highly doubtful that the fed ends up Cutting Three times this year i dont think they will cut in june everyone else seems to think that. Stay there, back to you later, lauren is with us taking a look at coopers up 2 . The house passed the bill to force bytedance to divest tiktok or face the band 170 million americans use tiktok im nancy pelosi, she says were knocking a bandit we want to make it like tiktok tow, more friendly and to get rid of the chinese owner, easier said than done. Meta is not trading higher, snap is. Stuart 12 a share on snap, dollar tree, average ticket size down, why theyre down 15 . The lower income consumer has to watch how much theyre spending at the dollar store they also own Family Dollar in the next couple of years are closing 1000 dollar tree and Family Dollars. I thousand stores closing, the stock is down 15 , shell, are they cutting jobs . The cutting of faith of their jobs in the deals team the m a team through looking to cut cost and my question we might find out tomorrow because i with Energy Transition report does not mean there cutting Green Investments also . Shall in a gas company pivoting to green as Energy Giants have their looking to cut costs, what does that entail. Stuart the greens will go nuts. Subpoenaing 15 years of Hunter Bidens phone records we just learned hunter declined to attend next weeks hearing House Oversight chair james comer will tell us where the investigation is going. Illegal migrants may not be able to vote in our elections but there countered in the census, Senate Republicans want to change that and we will tell you why. Enrollment in Public Schools has been on the decline for the last five years on the teachers unions to blame . Education secretary bill bennett will tell us, he is next. You always got your mind on the green. Not you. You your Business Bank account with quickbooks money now earns 5 apy. Thats how you business differently. Intuit quickbooks. Trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the awardwinning trading platforms. Bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. Tailor the platforms to your unique needs with nearly endless customization. And track Market Trends with uptotheminute news and insights. Trade brilliantly with schwab. 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You called yourself the uncarrier. You sing about price lock on those commercials. The price lock, the price lock. So, if you could change the price, change the name its not a lock, i know a lock. So how can we undo the damage . We could all unsubscribe and switch to xfinity. Their connection is unreal. And we could all unexperience this whole session. Okay, thats uncalled for. Colleges are putting together Financial Aid packages for incoming students. Im told this is a chaotic situation what took them so long to come up with the rules. It is the government, back to you. The Education Department said it sent out student data to a few dozen universities this past weekend but delays have led school scrambling to put together Financial Aid offers for incoming Students Congress ordered a revamp in 2020 to simplify the complex Application Form reducing the number of questions from 108 to fewer than 50 and of course the government hasnt been able to rollout the new procedures without delay on technical hiccups many colleges are forced to extend their enrollment deadlines leaving families wondering how much Financial Aid can they get and School Officials worried that the holder could discourage students from pursuing Higher Education at all. If your government at work. Stuart that is a mess, low enrollment and chronic absentee are plaguing our Country School system, Public School, public elementary and middle schools lost more than 2 Million Students between the former 2019 and this year. Former education secretary bill bennett thats a huge loss and coupled with chronic absenteeism do you believe the unions . Not this time i often do as you know but not this time this is broader. A lot of interesting things. One we know about covid and how enrollment went down during covid but it was going down before covid and after covid its still going down and were wondering why kids are losing the connection to school and interest in school and particularly those kids in underserved and underprivileged areas, that is a big issue they need school the most. My wife it runs a best Friend Program she is in schools talking to kids and they dont feel connected to the adults in their lives either teachers or in many cases even their parents. They want to go to school to be recognized. Stuart how are you going to fix it no simple reason why this is happening but how would you go about fixing it. At the complex and philosophical problem i think anna herring had it right in the crisis in authority we cannot abandon children through upper hand, this is my view in a brave new world, young technology, a. I. , we dont understand it, good luck go ahead and have your sex change operation that is not what we want from adults so our engagement with adults of all levels and that means teachers as well as parents and give kids a reason to go to school they like to know that there missed if they dont go and they havent felt that they want the connection that hurt a lot during covid. Stuart how do you feel about smartphones in the classroom or in school at all. It should not be touring them and they should not be in the classroom and you lock them up so you can get your lesson learned. I have plenty of time of the smart front. The College Board is being accused of dumbing down the sats they have a new adaptive test. In what way are they dumbing down t sat event digital leader doing it digitally and this is not the first time the sat has been done this is ironic for the same time that a couple lightly and others are bringing back the sat and the old original sat is a great predictor of what students will learn and how quickly they will learn, now you bring back the sat but you cripple it by watering it down, we water down expectations of time in her sats and her colleges in our schools and were starting to pay the price. Stuart last one of Public School in austin, texas teaching students that strengthen immigration laws are a part of the system of oppression against mexican americans this is one high school in austin, texas. Is this a system . No its not a system, good immigration system is a system of freedom and what this is doing is obviously showing that this curriculum or this program has been taken over by progressives, liberals and their indoctrinating these kids. I think its in round rock texas close to austin but maybe the austin influence. Stuart the austin influencer should remember that. Come back soon and talk about the legalization of marijuana which i think is out of control. We gotta get into. That doesnt help either. We need brains in school. Stuart the genie is out of the bottle how do we do that, come again soon. Thank you very much indeed there could be a crackdown on school lunches, what does california want to get rid of now. Fruit loops lucky charms a lot of kids get cereal instead of a hot meal or any food or drink like skittles and gatorade that has one of seven artificial dyes, read 40 hyperactivity a lot of kids with adhd, titanium linked cancer this is the first of its kind bill and it passed then schools in california will not be allowed to sell any of the seven ingredients. We all want kids to be healthy but they also have to eat and sometimes they dont like broccoli. What about a hot dog nobody knows within a hot dog but we still eat those. You should see the waste in the School Lunch Program roots and vegetables are out, starch in thats the way it is. Im the mom that is more than okay giving them something bad as a bribe were to motivate them but a lot of parents say no my kid is behaving bad because they ate this and has read 40 its a thing among parents and it puts a few company or the chef to use healthier ingredients. Stuart moving on. President biden may start to win the inflation blame game how about that a new poll shows voters blame businesses for inflation not bidens policies. Will break it down former special counsel her says his report did not exonerate President Biden hes accused of political bias from the democrats. House Oversight Committee chair james comer on that next. vo sail through the heart of historic cities and unforgettable scenery with viking. 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Stop jardiance and call your doctor right away if you have symptoms of this infection ketoacidosis, or an allergic reaction. You may have an increased risk for lower limb loss. Call your doctor right away if you have symptoms of infection in your legs or feet. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Jardiance is really swell the little pill with a big story to tell stuart on the market at dow up 150point anna couple of dow st

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