Transcripts For FBC Varney 20240704 : vimarsana.com

FBC Varney July 4, 2024

Queens. Really . Yes. Open your eyes. Still take a look. How the devil did you do that . Just as it was during the barack obama presidency. Americans dont feel as good about whats going on as barack obama did. Its time for us to secure our own border. And we do that by being smart about going to haiti and joe biden getting off his hands. People are frustrated with the way the democrats have been running things, or not running things, i should say theyre just not representing the people. I dont care too much for money. Money cant buy me love cant buy me love. Money cant buy me love. I do believe thats true. Maybe ill give it a shot. Hey. Oh stewie, its 11 00 on the east coast, and its tuesday, march the 19th. It is. I believe its almost the first day of spring it is today on the markets. The dow is up 142. The nasdaqs down 80. Kind of a mixed picture we got going on here. Show me big tech i think its all over the place. We have microsoft at 420. Apple 174 amazon 175 alphabet meta. Down a little, the ten year treasury yield. Where is it . Up and down all day for 230 as we speak. Now this. They were never close and they are definitely not close now. Its affecting this years election. Obama and biden joined at the hip as president and veep. Well, they had a falling out. Biden wanted his boss to endorse him for president , but he went for Hillary Clinton and she lost. And biden was sore about it after he won the oval office in 2020, axios quotes a former biden aide as saying this the obama people thought biden would suck as president. They didnt think hed be organized enough to execute. End quote. It was biden who insisted on the withdrawal from afghanistan because he wanted to show how good he was at foreign policy. That debacle confirmed obamas worst fears. The obama biden relationship is not going well now. The white house is leaking like a sieve behind closed doors. Biden thinks obama might be jealous of some of joes achievements. Really . Obama is disappointed in biden because he considered joes terme as his third terme, and its not making him look good. Obamas making him look good. Hes been critical and running in year and attention between obama and bidens own people in the white house. The backdrop is here and its this its the democrats intense anxiety over their 81yearold canned indicate. Thats in the background. Its very important. They dont want him to run and suspicion that barack obama is pulling the strings to get him out before november. Why did obama pay a quiet visit to britains Prime Minister and bidens support for israel and obama is none too pleased about and unofficial foreign minister apologizing for the old guy back home and paving the way for a different candidate . Pure speculation of course. But theres something going on and its not good for the current occupant of the oval office. Biden needs obama, but he doesnt have his full throated support. Third hour of varney starts now. Stuart jimmy failla is here this morning. Great to see you, stu. Stuart something going on here . Yeah, but to the point of obama going to ted downing, trying to find out whats up with kate middleton. Theres a lot of speculation. To get onto the grown up stuff for a second, when you see obama surveillance galts calling for biden to get off the ticket and we saw earlier, okay, in the winter, okay, and you realize biden is polling historically low, okay. Ive said before, this is a guy thats polling behind isis. Thats not technically true, but you get where im going with the metaphor. Weve never had someone run for reelection for incumbent polling in low and bush was polling leer and certainly trump was but they had the ability to get out and campaign. Biden doesnt have that ability. So i think were back to a earlier version of this rift and what i mean is biden was obamas Vice President for eight years as you noted, obama thought so highly of him. He talked him out of running in 2016. Now hes saddled with that same guy eight years later and certainly cant be anymore impressed by his judgment now than he was then given the situation at the border or maybe over in afghanistan. So i think this might be a last ditch effort by obama to at least give the okay to party leaders, because he doesnt want to openly do that but wants to behind the scenes and now or never moment as Elvis Presley sang. Now or never for obama biden removal effort and if you ask most americans, theyd quote elvis a second time and ordered him by mail theyd say return to sender. You get a double elvis on the varney show. Got to bring goodell vis to varney. Everyone knows this. Stuart did you see this . Elon musk got into Heated Exchange with don lemon with big tech censorship. Roll it. We leak thing ifs theyre illegal. These have been up there for awhile. Are they illegal . Theyre not illegal, but theyre hateful and they can lead to violence as i just read to you, the shooters, you know, in all of the Mass Shootings attributed social media to radicalizing them. You love censorship . No, i dont. I believe in moderation, but i dont believe in censorship. Moderation is a propaganda word for censorship. Is it ever . Im with elon on this and what do they mean by moderation . Get rid of anything we dont agree with. We saw moderation during the vaccine debate and the hunter biden story. You get into the semantic hurdle, its not prostitution, officer, im paying her for a date. Its like its the same thing, stu. Sorry to take it there, i am a former cab driver and more well versed than that than moderation. Stuart 60 seconds left of the story i cant believe. A cry spa, cry spa opened in new york city. Rent out a private cry room for 20 for half an hour. Are you signing up . Is this a place to really go to cry in the thing . Lauren do they help you cry . A great scene in god father like what do i do . Martin brando said you can act like a man. Selfrespect. Im old school. If i want to pay money to cry, ill buy a ticket to a met game. Everybody winds up crying by the seventh inning but at least you get a pretzel. Stuart walk in and pay 20 and do they make you cry . I dont know how it works. Theres a lot of broken people out there. Instead of teaching them to fight through, were now charging them for their brokenness and exploiting the weakness instead of repairing it. Stuart mike murphy would never. I suspect youd not invest in that. Possibly the worst idea i ever heard. Stuart thats okay. We share a opinion. Jimmy, well watch you on fox news saturday night at 10 00 p. M. Eastern. Thanks for being with us, jimmy. Check the markets, please. The dow is still very nice and must be a couple of stocks in the dow 30 doing particularly well. Its up nearly 150 points right now. Mike murphy, the afore mention seconddegree with me now. The fed decked off twoday kicked off twoday meeting and do you see any rate cuts at all coming in year . This year, yes, for sure. This meeting, no. I think the market has come to grips with where the fed is and i think they understand the fed unless theres outlandish news where the economy is overheating, were going to get the fed to begin to cut interest rates, probably in june, thats what were looking for now. If its pushed out a bit, thats fine. As long as the direction is not rates going higher, its rates coming lower and thats where we are and where were going. Looks good to you; right . Yes. Stuart microsoft and nvidia are two Huge Companies and stocks, are they carrying in market . Theyre carrying the market for now, but last year the knock on the market for all the peoplt there saying were being carried by the magnificent 7 and a very small handful of stocks and not the broad market. Now you have microsoft is carrying, nvidia is carrying but two components that arent helping is apple down 10 yeartodate and tesla down 30 yeartodate. Yet theres a market thats just sitting a few Percentage Points off all time high and that takes the bear case and throw it is out oturu the window. Stuart youve got to be in the market and youve been right. Ups and downs over a period of time were up now and were doing well and thats a good point, always be in the market. Dont come in and out. Dont try to time it. Trying to time it is absolute certain way to lose money. Being in the market long term and look back over last 100 years, its a guaranteed way to make money. Stuart so long as you have the Time Available to stick in it for the long term. Like saying a player thats injure seconddegree daytoday. We all are. We all are so none of us know how much time we have. Stuart so many of us less time than others. What a conversation for the show. Bring back oz, i want to know when im going to die. Thank you, murphy. Looking at movers. Meta. Lauren down 1. 6 . So theyre offering to almost half the monthly fee of europeans that use instagram and facebook and get it for free if you agree to be tracked by advertisers but if you dont want to be tracked, you pay that fee cut nearly in half and metas move to appease the antitrust regulators. Stuart sound hound. Lauren ai stock and up over 400 in the past year and voice provider and down 6 because theyre getting swept up in the ai selloff link to nvidia, but theyre using nvidia chips to develop a Voice Command Service for the car. You done even need a cloud connection or an internet hookup so ill be talking to a robot in our car. Stuart sounds like a good deal. Good deal but to point out, nvidia actually invested in sound town and money in there and people watching at home if they believe thats a good reason to invest. Stuart what is National Cine media . Lauren make ads displayed at Movie Theater and record revenue per patron in the last quarter, Fourth Quarter of last year because of taylor swift movie, brought in the big new demographic for them. B riley says time to buy the stock and going to 650. Stuart up 25 , thats not bad at all. Thanks, lauren. Dont miss this. Meant list oz pearlman back again this hour and hell take on myself and mike murphy. Also, biden team says they have Aggressive Campaign strategy to win swing states. How will republicans counter it . New rnc chair will tell us and chicago spent 300 million on migrant crisis and now many migrants are facing eviction. Where are they going to go . Pastor cory brooks on that next. Meet ron. Ron eats, sleeps and breathes hoops. And theres not a no look pass, double double, or buzzer beater he wont wax poetic on. Ad nauseam. But oh how he can nail a Software Solution like the best high screen pick and roll youve ever seen. You need ron. Ron needs a retirement plan. 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Credit one bank. Get cash back rewards, and live large. Deciding on a mansion tax in chicago. Is this the same as in los angeles . Reporter good morning, stuart. This is similar. In la it was for properties over 5 million. It did not succeed. What they thought it would achieve the numbers were much, much lower than that. Here its similar in the sense that its also going to be a graduated tax if it passes, but it will be for properties over just 1 million. Right now the tax rate is 3. 75 for every 500 in Purchase Price. The proposed tax model would cut that down by 75cents for Properties Sold for less than 1 million. So a 20 decrease. Sales between 1 million and 1. 5 million and its 10 for every 5. 5 million. Over 1. 5 million and the tax is increasing to 15 for every 500 in Purchase Price making a 200 million property tax increase from 15,000 to 60,000. Proponents say this could raise almost 100 million to combat homelessness but others say this isnt just downtown sky scrapes that were talking about. Take a listen. One thing were very concerned about in areas of black Community Like brownsville where there has been several people since the 1980s who have invested in that area and they own properties that are now worth over 1 million. You know, that community will suffer from this. Reporter some estimates say this could affect 40,000 properties that are owned by every day hard working people in a very windy city, stuart. Stuart very windy indeed. Kelly, thank you very much. Staying in chicago, the city spent nearly 300 million on the migrant crisis and eviction from the shelters are beginning now. Pastor cory brooks is with me. Thousands of migrants are being evicted in the near future. Where are they going to go . Well, stuart, very unfortunate that state and city funds are being stretched to the fullest and individuals who are going to be put out of these shelters and out of the homes will be going to the streets and theyll come to places like ours, not for profit organizations like project hood. I left the office today to come here, there were 10 families already in our office and i already know when i get back, theres going to be more. Thats very heart breaking because were already stretched and its already in a difficult position to try and help as many people as we possibly can. Stuart theyre going to be out on the street. Thats it. Okay. No longer winter, but its not that friendly environment on the streets of chicago. Thats literally where thousands of them will end up; is that right . On the street . Absolutely. I mean, where else can they go . If you have organizations like ours like project hood where were already overwhelmed and trying to do everything we can to maximize the help we can give to build our infrastructure for the community were in, its we dont have the resources or the tools to be able to help all the families that are going to be needing help. Stuart cant you sorry to interrupt you, pastor, cant you get money from jay pritzker, the oregoner of illinois . Money from joe biden, the president of the unit . United states . Its their problem as much as yours. The problem is theyre going to continue to tax individuals. When theres a budget thats stretched and Financial Sustainability thats mappable to handle uncertainty and anxiety already following, youre going to tax us and burden the citizens and thats what we dont want. Even the mansion taxes theyre trying to pass, its taxing their way out of situations to do what they want to do and taxes people to fix a problem is never the solution. Stuart according to the chicago tribune, migrants are buying cars without licenses and insurance and theyre using these cars to get around and work, i guess, and get around and do business. Do you approve of this . You know, lawlessness is the order of the day in chicago. If we allow people to operate vehicles without a proper licenses basically what youre saying is its okay to break the law in chicago and becomes next and if its okay to go in store and hungry and okay to break other laws and we have to put our foot down and say listen, these are principles and precepts and laws of the land and abide by them and especially for individuals that are coming in newly and need to know the law. Stuart let me come back at you, pastor, what are the folks supposed to do. Theyre there and on the street. What are they going to what are they supposed to do . They need to drive and work and move around. I mean, what are they supposed to do . Well, the good thing about chicago is we have an infrastructure with city transportation thats available to everybody and so if you need to get around, there are other ways to operate in the city without breaking the law. I think the moment we start saying its okay to break the law, then thats a slippery slope that we dont want to go down, especially when we already have so many problems in the city of chicago with violence and with crime and with lawlessness, we dont want to go that route. Stuart pastor cory brooks, thanks, as usual, for being on the show. We hope to have you back again soon. Thank you, stu, appreciate it. Stuart a migrant shelter in arizona on the verge of closing. Ashley, whats the story there . Ashley well, federal money about to run out and the shelter in pima county, arizona, will be forced to shut down within the next couple of weeks and administrators say the county will not afford the roughly 1 million per week that is been covered up to now by washington. Funding for migrant shelter and transportation has been tied up in a congressional night over illegal migration and government spending. Pima county certainly not alone. Funding issues are a big problem in cities like new york city, chicago and denver. Without the federal dollars, communities will face many more migrants living on the streets, greater demands on police, hospitals and sanitation services. One pima county official said if Shelter Services are not available for migrants, the end result will be homelessness on steroids. Stu. Stuart thanks, ash. Folks, listen to this one bentley, they make nice cars, delaying the plan to go completely electric. This is part of a growing trend among automakers abandoning the green ambitions. Well tell you more about it. Trump with the Presumptive Republican president ial nominee and the primary in ohio is a test of the influence. What happens if his candidate loses . Ask the new rnc chair michael whetland after this. 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